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.
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
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: 83%
Current DPI is 0.222(bearish). Bearish, 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. Directional continuation remains uncertain and selective. Structural sensitivity is elevated around the 2026-08-21 options expiry. 90% confidence
Short-Term Options-Implied Price Range & Flow Structure (DTE: 4)
Based on the latest options positioning (DTE 4), the ATM straddle implies a standardized 1.70% 1-day move.
The expected range for the next 4 days is 123.61 — 135.02 , corresponding to +5.08% / -3.80% .
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 139.18 (8.32% above spot).
Bearish positioning points to downside pressure toward 120.74 (6.03% below spot).
Options flow strength: 0.68 (0–1 scale). ATM Strike: 128.00, Call: 1.98, Put: 2.40, Straddle Cost: 4.38.
Price moves may extend once a direction forms. The short-term gamma flip is near 131.74 , with intermediate positioning around 131.30 . The mid-term gamma flip remains near 131.30.