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

Analyze the complete ONDS 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 ONDS.

Latest Data: 2026-02-06 (EDT)

Max Pain Price

11.5

Exp: 2026-02-06

Gamma Flip

9.46

Gamma Flip (≈60 days)

Put/Call OI Ratio

0.363

Shows put vs call positioning

IV Skew

0.59

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: 100%

Current DPI is 0.398(strong-bullish). Bullish, momentum neutral or unclear.

Options Terrain Outlook (3-Month)

Options structure allows for directional movement, but with elevated volatility and less predictable follow-through. Volatility conditions are moderately choppy. Options constraints exert a moderate influence on price behavior. Directional continuation remains uncertain and selective. Structural sensitivity is elevated around the 2026-02-20 options expiry. 100% confidence

The support levels for ONDS are at 9.52, 9.25, and 7.60, while the resistance levels are at 9.86, 10.13, and 11.78. The pivot point, a key reference price for traders, is at 11.50.

Short-Term Options-Implied Price Range & Flow Structure (0DTE · Intraday Reference)

Expiry 2026-02-06 (DTE 0): Pinning structure with suppressed volatility. Option flow bias is bearish (-0.30), pin strength 0.70.

Based on same-day expiring options (0DTE), the ATM straddle implies an 2.68% standardized 1-day equivalent move, serving as an intraday volatility reference.

The implied intraday range is approximately 9.23 — 10.81 , corresponding to +11.52% / -4.80% .

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 11.59 (19.59% above spot).

Bearish positioning points to downside pressure toward 8.97 (7.47% below spot).

Options flow strength: 0.64 (0–1 scale). ATM Strike: 9.50, Call: 0.14, Put: 0.12, Straddle Cost: 0.26.

Short-term moves may occur, but follow-through is uncertain. The short-term gamma flip is near 10.36 , with intermediate positioning around 9.46 . The mid-term gamma flip remains near 9.46.