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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: 2026-08-17 (EDT)
Max Pain Price
270
Exp: 2026-08-21
Gamma Flip
225.93
Gamma Flip (≈60 days)
Put/Call OI Ratio
0.249
Shows put vs call positioning
IV Skew
5.44
Put–call IV difference
Max Pain Price Volatility
σ = 23.84
high volatility
Confidence 35%

Near-Term Options-Derived Market Structure

BEARISH BIAS

Reflecting options positioning and volatility conditions over the coming sessions.

A slight bearish tilt is visible, though the signal is weak and insufficient for a strong directional call. 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 0.94(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 2026-08-21 options expiry. 100% confidence

The support levels for PKG are at 250.75, 248.10, and 240.98, while the resistance levels are at 255.19, 257.84, and 264.96. The pivot point, a key reference price for traders, is at 270.00.

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

Based on the latest options positioning (DTE 4), the ATM straddle implies a standardized 1.48% 1-day move.


The expected range for the next 4 days is 228.75 259.78 , corresponding to +2.69% / -9.58% .

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 263.88 (4.31% above spot).

Bearish positioning points to downside pressure toward 209.34 (17.25% below spot).


Options flow strength: 0.55 (0–1 scale). ATM Strike: 250.00, Call: 5.30, Put: 2.20, Straddle Cost: 7.50.


Price moves are likely to stay range-bound. The short-term gamma flip is near 224.81 , with intermediate positioning around 225.93 . The mid-term gamma flip remains near 225.93.