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: 2026-03-25 (EDT)

Max Pain Price

100

Exp: 2026-04-17

Gamma Flip

127.78

Gamma Flip (≈60 days)

Put/Call OI Ratio

1.156

Shows put vs call positioning

IV Skew

-5.26

Put–call IV difference

Max Pain Price Volatility

σ = 11.74

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

Looking only at the put-side activity, there is a bearish directional push. This suggests some traders are actively betting on downside. Confidence: 60%

Current DPI is -0.333(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 continuation remains uncertain and selective. Structural sensitivity is elevated around the 2026-04-17 options expiry. 100% confidence

The support levels for PAYC are at 118.66, 116.92, and 108.75, while the resistance levels are at 120.98, 122.72, and 130.89. The pivot point, a key reference price for traders, is at 100.00.

Short-Term Options-Implied Price Range & Flow Structure (DTE: 23)

Based on the latest options positioning (DTE 23), the ATM straddle implies a standardized 2.00% 1-day move.

The expected range for the next 23 days is 110.64 — 128.12 , corresponding to +6.93% / -7.66% .

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 133.41 (11.34% above spot).

Bearish positioning points to downside pressure toward 104.69 (12.62% below spot).

Options flow strength: 0.71 (0–1 scale). ATM Strike: 120.00, Call: 5.75, Put: 5.75, Straddle Cost: 11.50.

Price moves may extend once a direction forms. The short-term gamma flip is near 123.74 , with intermediate positioning around 127.78 . The mid-term gamma flip remains near 121.75.