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

Analyze the complete PM 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 PM.

Latest Data: 2026-03-25 (EDT)

Max Pain Price

165

Exp: 2026-03-27

Gamma Flip

169.30

Gamma Flip (≈60 days)

Put/Call OI Ratio

0.979

Shows put vs call positioning

IV Skew

-0.20

Put–call IV difference

Max Pain Price Volatility

σ = 16.26

high 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

The put-side positioning appears neutral with no notable bearish pressure.

Current DPI is -0.01(bullish). Bullish, momentum neutral or unclear.

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 continuation remains uncertain and selective. Structural sensitivity is elevated around the 2026-06-18 options expiry. 100% confidence

The support levels for PM are at 164.09, 162.39, and 157.19, while the resistance levels are at 166.91, 168.61, and 173.81. The pivot point, a key reference price for traders, is at 165.00.

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

Based on the latest options positioning (DTE 2), the ATM straddle implies a standardized 1.17% 1-day move.

The expected range for the next 2 days is 163.72 — 174.56 , corresponding to +5.47% / -1.08% .

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 181.04 (9.39% above spot).

Bearish positioning points to downside pressure toward 163.15 (1.42% below spot).

Options flow strength: 0.63 (0–1 scale). ATM Strike: 165.00, Call: 1.65, Put: 1.10, Straddle Cost: 2.75.

Price moves may extend once a direction forms. The short-term gamma flip is near 169.43 , with intermediate positioning around 169.30 . The mid-term gamma flip remains near 169.38.