PANW Options Chain — Open Interest, Implied Volatility, Max Pain & Gamma Exposure
Analyze the complete PANW 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 PANW.
Near-Term Options-Derived Market Structure
BULLISH BIAS
Reflecting options positioning and volatility conditions over the coming sessions.
The options data shows a moderate bullish tilt. There is some directional support, though momentum remains limited. 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: 50%
Current DPI is -0.492(bearish). Bearish, 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. Once a directional move forms, continuation appears relatively easy. Structural sensitivity is elevated around the 2026-04-17 options expiry. 90% confidence
Short-Term Options-Implied Price Range & Flow Structure (DTE: 2)
Based on the latest options positioning (DTE 2), the ATM straddle implies a standardized 1.97% 1-day move.
The expected range for the next 2 days is 150.61 — 159.34 , corresponding to +3.99% / -1.70% .
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 162.64 (6.15% above spot).
Bearish positioning points to downside pressure toward 149.87 (2.19% below spot).
Options flow strength: 0.75 (0–1 scale). ATM Strike: 152.50, Call: 2.50, Put: 1.76, Straddle Cost: 4.26.
Price moves may extend once a direction forms. The short-term gamma flip is near 161.86 , with intermediate positioning around 163.71 . The mid-term gamma flip remains near 164.25.