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

Analyze the complete ONON 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 ONON.

Latest Data: 2026-03-25 (EDT)

Max Pain Price

39.5

Exp: 2026-03-27

Gamma Flip

41.50

Gamma Flip (≈60 days)

Put/Call OI Ratio

1.516

Shows put vs call positioning

IV Skew

-2.41

Put–call IV difference

Max Pain Price Volatility

σ = 5.79

medium volatility

Confidence 88%

Near-Term Options-Derived Market Structure

BULLISH BIAS

Reflecting options positioning and volatility conditions over the coming sessions.

The options market shows a strong bullish alignment. Multiple key factors point firmly to the upside, supported by dealer flows and positioning. Options Chian

Looking only at the put-side activity, there is a bearish directional push. This suggests some traders are actively betting on downside. Confidence: 67%

Current DPI is -0.566(strong-bearish). Bearish, 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. Once a directional move forms, continuation appears relatively easy. Structural sensitivity is elevated around the 2026-04-17 options expiry. 100% confidence

The support levels for ONON are at 34.58, 33.71, and 28.43, while the resistance levels are at 35.74, 36.61, and 41.89. The pivot point, a key reference price for traders, is at 39.50.

Short-Term Options-Implied Price Range & Flow Structure (DTE: 2)

Based on the latest options positioning (DTE 2), the ATM straddle implies a standardized 2.80% 1-day move.

The expected range for the next 2 days is 34.39 — 38.21 , corresponding to +8.67% / -2.20% .

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 40.45 (15.06% above spot).

Bearish positioning points to downside pressure toward 34.20 (2.73% below spot).

Options flow strength: 0.52 (0–1 scale). ATM Strike: 35.00, Call: 0.78, Put: 0.60, Straddle Cost: 1.39.

Price moves may extend once a direction forms. The short-term gamma flip is near 41.53 , with intermediate positioning around 41.50 . The mid-term gamma flip remains near 41.37.