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.
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
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: 71%
Current DPI is 0.536(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. Options constraints exert a moderate influence on price behavior. Directional moves may struggle to sustain follow-through. Structural sensitivity is elevated around the 2026-10-16 options expiry. 100% confidence
Short-Term Options-Implied Price Range & Flow Structure (DTE: 15)
Based on the latest options positioning (DTE 15), the ATM straddle implies a standardized 1.67% 1-day move.
The expected range for the next 15 days is 218.34 — 234.43 , corresponding to +3.06% / -4.01% .
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 238.33 (4.77% above spot).
Bearish positioning points to downside pressure toward 212.70 (6.49% below spot).
Options flow strength: 0.65 (0–1 scale). ATM Strike: 230.00, Call: 6.25, Put: 8.45, Straddle Cost: 14.70.
Market signals are mixed and less reliable. No short-term gamma flip is observed , with intermediate positioning around 125.09 . The mid-term gamma flip remains near 139.06.