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: 2026-07-14 (EDT)

Max Pain Price

170

Exp: 2026-07-17

Gamma Flip

178.58

Gamma Flip (≈60 days)

Put/Call OI Ratio

1.187

Shows put vs call positioning

IV Skew

-4.90

Put–call IV difference

Max Pain Price Volatility

σ = 15.44

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 0.082(strong-bearish). Bearish, 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 remain relatively smooth. Options constraints exert a moderate influence on price behavior. Directional continuation remains uncertain and selective. Structural sensitivity is elevated around the 2026-07-17 options expiry. 100% confidence

The support levels for PM are at 174.45, 172.65, and 167.04, while the resistance levels are at 177.45, 179.25, and 184.86. The pivot point, a key reference price for traders, is at 170.00.

Short-Term Options-Implied Price Range & Flow Structure (DTE: 3)

Based on the latest options positioning (DTE 3), the ATM straddle implies a standardized 1.98% 1-day move.

The expected range for the next 3 days is 168.61 — 181.42 , corresponding to +3.11% / -4.17% .

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 184.05 (4.60% above spot).

Bearish positioning points to downside pressure toward 164.64 (6.43% below spot).

Options flow strength: 0.76 (0–1 scale). ATM Strike: 175.00, Call: 5.10, Put: 0.93, Straddle Cost: 6.02.

Price moves may extend once a direction forms. The short-term gamma flip is near 178.24 , with intermediate positioning around 178.58 . The mid-term gamma flip remains near 178.69.