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

Analyze the complete PAYX 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 PAYX.

Latest Data: 2026-10-13 (EDT)

Max Pain Price

120

Exp: 2026-10-16

Gamma Flip

103.74

Gamma Flip (≈60 days)

Put/Call OI Ratio

0.826

Shows put vs call positioning

IV Skew

1.24

Put–call IV difference

Max Pain Price Volatility

σ = 12.65

high 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

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: 100%

Current DPI is 0.05(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 remain relatively smooth. Price action is strongly influenced by existing options constraints. Directional moves may struggle to sustain follow-through. Structural sensitivity is elevated around the 2026-10-16 options expiry. 100% confidence

The support levels for PAYX are at 105.64, 104.72, and 102.56, while the resistance levels are at 106.86, 107.78, and 109.94. The pivot point, a key reference price for traders, is at 120.00.

Short-Term Options-Implied Price Range & Flow Structure (DTE: 3)

Based on the latest options positioning (DTE 3), the ATM straddle implies a standardized 1.68% 1-day move.

The expected range for the next 3 days is 102.67 — 114.59 , corresponding to +7.85% / -3.37% .

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 120.70 (13.60% above spot).

Bearish positioning points to downside pressure toward 100.51 (5.40% below spot).

Options flow strength: 0.60 (0–1 scale). ATM Strike: 105.00, Call: 2.35, Put: 0.75, Straddle Cost: 3.10.

Price moves are likely to stay range-bound. The short-term gamma flip is near 97.01 , with intermediate positioning around 103.74 . The mid-term gamma flip remains near 103.56.