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

Analyze the complete PDD 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 PDD.

Latest Data: 2026-03-25 (EDT)

Max Pain Price

100

Exp: 2026-03-27

Gamma Flip

101.66

Gamma Flip (≈60 days)

Put/Call OI Ratio

1.079

Shows put vs call positioning

IV Skew

-5.16

Put–call IV difference

Max Pain Price Volatility

σ = 19.93

high volatility

Confidence 50%

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

Looking only at the put-side activity, there is a bearish directional push. This suggests some traders are actively betting on downside. Confidence: 67%

Current DPI is -0.331(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 2026-03-27 options expiry. 100% confidence

The support levels for PDD are at 101.56, 100.31, and 95.75, while the resistance levels are at 103.66, 104.91, and 109.47. The pivot point, a key reference price for traders, is at 100.00.

Short-Term Options-Implied Price Range & Flow Structure (DTE: 2)

Based on the latest options positioning (DTE 2), the ATM straddle implies a standardized 2.32% 1-day move.

The expected range for the next 2 days is 99.07 — 104.91 , corresponding to +2.24% / -3.45% .

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 105.63 (2.94% above spot).

Bearish positioning points to downside pressure toward 97.55 (4.93% below spot).

Options flow strength: 0.88 (0–1 scale). ATM Strike: 103.00, Call: 1.48, Put: 1.89, Straddle Cost: 3.37.

Price moves are likely to stay range-bound. The short-term gamma flip is near 101.54 , with intermediate positioning around 101.66 . The mid-term gamma flip remains near 102.48.