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

Analyze the complete PKG 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 PKG.

Latest Data: 2026-10-01 (EDT)

Max Pain Price

260

Exp: 2026-10-16

Gamma Flip

196.19

Gamma Flip (≈60 days)

Put/Call OI Ratio

0.269

Shows put vs call positioning

IV Skew

-4.36

Put–call IV difference

Max Pain Price Volatility

σ = 28.62

high volatility

Confidence 40%

Near-Term Options-Derived Market Structure

NEUTRAL OUTLOOK

Reflecting options positioning and volatility conditions over the coming sessions.

Neutral positioning with only partial factor alignment, indicating a balanced but less predictable environment. 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: 100%

Current DPI is 0.627(neutral). ⏳ Neutral accumulation, DPI neutral, but makers are actively building positions.

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 2026-10-16 options expiry. 100% confidence

The support levels for PKG are at 226.55, 222.75, and 213.02, while the resistance levels are at 232.87, 236.67, and 246.40. The pivot point, a key reference price for traders, is at 260.00.

Short-Term Options-Implied Price Range & Flow Structure (DTE: 15)

Based on the latest options positioning (DTE 15), the ATM straddle implies a standardized 1.08% 1-day move.

The expected range for the next 15 days is 212.91 — 239.93 , corresponding to +4.45% / -7.32% .

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 247.63 (7.80% above spot).

Bearish positioning points to downside pressure toward 199.46 (13.17% below spot).

Options flow strength: 0.56 (0–1 scale). ATM Strike: 230.00, Call: 4.95, Put: 4.65, Straddle Cost: 9.60.

Price moves are likely to stay range-bound. The short-term gamma flip is near 196.14 , with intermediate positioning around 196.19 . The mid-term gamma flip remains near 196.19.