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

Analyze the complete PAYC 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 PAYC.

Latest Data: 2026-02-06 (EDT)

Max Pain Price

145

Exp: 2026-02-20

Gamma Flip

132.47

Gamma Flip (≈60 days)

Put/Call OI Ratio

1.036

Shows put vs call positioning

IV Skew

-3.74

Put–call IV difference

Max Pain Price Volatility

σ = 5.00

low volatility

Confidence 75%

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: 71%

Current DPI is -0.415(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. Price action is strongly influenced by existing options constraints. Directional continuation remains uncertain and selective. Structural sensitivity is elevated around the 2026-02-20 options expiry. 100% confidence

The support levels for PAYC are at 129.98, 128.49, and 122.52, while the resistance levels are at 131.96, 133.45, and 139.42. The pivot point, a key reference price for traders, is at 145.00.

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

Based on the latest options positioning (DTE 14), the ATM straddle implies a standardized 3.23% 1-day move.

The expected range for the next 14 days is 127.07 — 139.31 , corresponding to +6.37% / -2.98% .

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 143.56 (9.61% above spot).

Bearish positioning points to downside pressure toward 125.87 (3.90% below spot).

Options flow strength: 0.80 (0–1 scale). ATM Strike: 130.00, Call: 8.60, Put: 7.25, Straddle Cost: 15.85.

Price moves may extend once a direction forms. The short-term gamma flip is near 131.76 , with intermediate positioning around 132.47 . The mid-term gamma flip remains near 132.47.