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

Analyze the complete ORLY 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 ORLY.

Latest Data: 2026-08-28 (EDT)

Max Pain Price

Exp: 2026-09-18

Gamma Flip

90.45

Gamma Flip (≈60 days)

Put/Call OI Ratio

0.434

Shows put vs call positioning

IV Skew

-1.85

Put–call IV difference

Max Pain Price Volatility

σ = 5.72

medium 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

The put-side positioning appears neutral with no notable bearish pressure.

Current DPI is 0.009(bullish). Bullish, momentum neutral or unclear.

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. Options constraints exert a moderate influence on price behavior. Directional continuation remains uncertain and selective. Structural sensitivity is elevated around the 2026-09-18 options expiry. 90% confidence

The support levels for ORLY are at 88.05, 87.38, and 85.79, while the resistance levels are at 88.95, 89.62, and 91.21. The pivot point, a key reference price for traders, is at 96.00.

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

Based on the latest options positioning (DTE 21), the ATM straddle implies a standardized 1.04% 1-day move.

The expected range for the next 21 days is 85.73 — 201.69 , corresponding to +127.89% / -3.13% .

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 279.67 (216.02% above spot).

Bearish positioning points to downside pressure toward 84.14 (4.92% below spot).

Options flow strength: 0.80 (0–1 scale). ATM Strike: 88.00, Call: 2.45, Put: 1.75, Straddle Cost: 4.20.

Price moves may extend once a direction forms. The short-term gamma flip is near 90.50 , with intermediate positioning around 90.45 . The mid-term gamma flip remains near 89.59.