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

Analyze the complete PHM 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 PHM.

Latest Data: 2026-03-25 (EDT)

Max Pain Price

117

Exp: 2026-03-27

Gamma Flip

N/A

Gamma Flip (≈60 days)

Put/Call OI Ratio

0.991

Shows put vs call positioning

IV Skew

-1.20

Put–call IV difference

Max Pain Price Volatility

σ = 8.39

medium 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

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 -0.218(neutral). Neutral consolidation, trend and momentum are indistinct. From the current DPI structure, dealers appear largely neutral, suggesting limited willingness to reinforce directional price moves..

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 2026-03-27 options expiry. 90% confidence

The support levels for PHM are at 117.35, 116.12, and 112.07, while the resistance levels are at 119.01, 120.24, and 124.29. The pivot point, a key reference price for traders, is at 117.00.

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

Based on the latest options positioning (DTE 2), the ATM straddle implies a standardized 1.74% 1-day move.

The expected range for the next 2 days is 117.00 — 124.80 , corresponding to +5.60% / -0.99% .

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 129.05 (9.19% above spot).

Bearish positioning points to downside pressure toward 116.95 (1.04% below spot).

Options flow strength: 0.69 (0–1 scale). ATM Strike: 118.00, Call: 1.60, Put: 1.30, Straddle Cost: 2.90.

Market signals are mixed and less reliable. No short-term gamma flip is observed . The mid-term gamma flip remains near 118.75.