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: 2026-08-17 (EDT)

Max Pain Price

Exp: 2026-08-21

Gamma Flip

91.68

Gamma Flip (≈60 days)

Put/Call OI Ratio

1.222

Shows put vs call positioning

IV Skew

-1.28

Put–call IV difference

Max Pain Price Volatility

σ = 21.25

high 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 -0.149(bullish). Bullish, momentum neutral or unclear.

Options Terrain Outlook (3-Month)

The market is positioned near a structural transition zone, where options exposure may shift the prevailing trading regime. Volatility conditions are moderately choppy. Options constraints exert a moderate influence on price behavior. Once a directional move forms, continuation appears relatively easy. Structural sensitivity is elevated around the 2026-08-21 options expiry. 100% confidence

The support levels for PDD are at 86.13, 85.17, and 82.17, while the resistance levels are at 87.75, 88.71, and 91.71. The pivot point, a key reference price for traders, is at 91.00.

Short-Term Options-Implied Price Range & Flow Structure (DTE: 4)

Based on the latest options positioning (DTE 4), the ATM straddle implies a standardized 1.50% 1-day move.

The expected range for the next 4 days is 84.73 — 94.21 , corresponding to +8.37% / -2.54% .

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 98.58 (13.39% above spot).

Bearish positioning points to downside pressure toward 83.70 (3.73% below spot).

Options flow strength: 0.84 (0–1 scale). ATM Strike: 87.00, Call: 1.23, Put: 1.38, Straddle Cost: 2.60.

Price moves may extend once a direction forms. The short-term gamma flip is near 92.28 , with intermediate positioning around 91.68 . The mid-term gamma flip remains near 91.68.