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

Analyze the complete OS 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 OS.

Latest Data: 2026-02-06 (EDT)

Max Pain Price

22.5

Exp: 2026-02-20

Gamma Flip

18.64

Gamma Flip (≈60 days)

Put/Call OI Ratio

0.580

Shows put vs call positioning

IV Skew

6.72

Put–call IV difference

Max Pain Price Volatility

σ = 0.00

low volatility

Confidence 50%

Near-Term Options-Derived Market Structure

BEARISH BIAS

Reflecting options positioning and volatility conditions over the coming sessions.

The options structure reflects a moderate bearish bias. Downside factors are present but not dominant. 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: 73%

Current DPI is 0.879(strong-bullish). Bullish, momentum neutral or unclear.

Options Terrain Outlook (3-Month)

Options positioning suggests a structurally constrained trading environment, where price movements are more likely to stall or mean-revert rather than extend. Volatility conditions are moderately choppy. Price action is strongly influenced by existing options constraints. Directional moves may struggle to sustain follow-through. Structural sensitivity is elevated around the 2026-02-20 options expiry. 100% confidence

The support levels for OS are at 23.36, 23.17, and 22.85, while the resistance levels are at 23.66, 23.85, and 24.17. The pivot point, a key reference price for traders, is at 22.50.

Short-Term Options-Implied Price Range & Flow Structure (DTE: 14)

Based on the latest options positioning (DTE 14), the ATM straddle implies a standardized 1.31% 1-day move.

The expected range for the next 14 days is 21.70 — 26.51 , corresponding to +12.77% / -7.68% .

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 29.15 (23.98% above spot).

Bearish positioning points to downside pressure toward 20.18 (14.15% below spot).

Options flow strength: 0.49 (0–1 scale). ATM Strike: 22.50, Call: 1.05, Put: 0.10, Straddle Cost: 1.15.

Price moves are likely to stay range-bound. The short-term gamma flip is near 18.61 , with intermediate positioning around 18.64 . The mid-term gamma flip remains near 18.64.