NWSA Options Chain — Open Interest, Implied Volatility, Max Pain & Gamma Exposure

Analyze the complete NWSA options chain including strike-level open interest, real-time implied volatility (IV), max pain levels, gamma exposure, dealer positioning, and options flow trends. This dashboard provides data-driven insights for traders building directional or hedging strategies around NWSA.

Latest Data: 2026-08-28 (EDT)

Max Pain Price

Exp: 2026-09-18

Gamma Flip

40.12

Gamma Flip (≈60 days)

Put/Call OI Ratio

0.028

Shows put vs call positioning

IV Skew

0.25

Put–call IV difference

Max Pain Price Volatility

σ = 5.00

low volatility

Confidence 85%

Near-Term Options-Derived Market Structure

NEUTRAL OUTLOOK

Reflecting options positioning and volatility conditions over the coming sessions.

The options structure reflects a high-confidence neutral environment. Dealer positioning and volatility suppression suggest a stable range-bound setup rather than a directional move. Options Chian

On the put side, the bearish positioning looks mainly like hedging. This reflects caution and short-term protection rather than a true bearish call. Confidence: 67%

Current DPI is 0.989(neutral). ⏳ Neutral accumulation, DPI neutral, but makers are actively building positions.

Options Terrain Outlook (3-Month)

The market is positioned near a structural transition zone, where options exposure may shift the prevailing trading regime. Volatility conditions are moderately choppy. Price action is strongly influenced by existing options constraints. Once a directional move forms, continuation appears relatively easy. Structural sensitivity is elevated around the 2027-01-15 options expiry. 90% confidence

The support levels for NWSA are at 30.82, 30.60, and 30.09, while the resistance levels are at 31.12, 31.34, and 31.85. The pivot point, a key reference price for traders, is at 35.00.

Short-Term Options-Implied Price Range & Flow Structure (DTE: 21)

Based on the latest options positioning (DTE 21), the ATM straddle implies a standardized 1.97% 1-day move.

The expected range for the next 21 days is 30.31 — 33.04 , corresponding to +6.69% / -2.12% .

Estimated using ATM implied volatility, OTM option flow, and dealer hedging conditions to capture the market-implied price range.

Bullish flow suggests upside interest toward 35.00 (13.01% above spot).

Bearish positioning points to downside pressure toward 30.00 (3.13% below spot).

Options flow strength: 0.26 (0–1 scale). ATM Strike: 30.00, Call: 1.43, Put: 1.38, Straddle Cost: 2.80.

Price moves may extend once a direction forms. The short-term gamma flip is near 38.04 , with intermediate positioning around 40.12 . The mid-term gamma flip remains near 40.12.