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

Analyze the complete PGY 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 PGY.

Latest Data: 2026-02-06 (EDT)

Max Pain Price

Exp: 2026-02-20

Gamma Flip

21.72

Gamma Flip (≈60 days)

Put/Call OI Ratio

1.932

Shows put vs call positioning

IV Skew

-0.58

Put–call IV difference

Max Pain Price Volatility

σ = 5.00

low volatility

Confidence 88%

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

Looking only at the put-side activity, there is a bearish directional push. This suggests some traders are actively betting on downside. Confidence: 80%

Current DPI is -0.306(strong-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 2026-02-20 options expiry. 90% confidence

The support levels for PGY are at 18.37, 17.97, and 15.41, while the resistance levels are at 18.91, 19.31, and 21.87. The pivot point, a key reference price for traders, is at 32.00.

Short-Term Options-Implied Price Range & Flow Structure (DTE: 14)

Based on the latest options positioning (DTE 14), the ATM straddle implies a standardized 5.59% 1-day move.

The expected range for the next 14 days is 17.58 — 22.71 , corresponding to +21.84% / -5.69% .

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 25.01 (34.15% above spot).

Bearish positioning points to downside pressure toward 17.23 (7.59% below spot).

Options flow strength: 0.87 (0–1 scale). ATM Strike: 19.00, Call: 1.77, Put: 2.12, Straddle Cost: 3.90.

Price moves may extend once a direction forms. The short-term gamma flip is near 21.69 , with intermediate positioning around 21.72 . The mid-term gamma flip remains near 21.72.