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

Analyze the complete PTON 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 PTON.

Latest Data: 2026-03-26 (EDT)

Max Pain Price

4.5

Exp: 2026-03-27

Gamma Flip

3.13

Gamma Flip (≈60 days)

Put/Call OI Ratio

1.199

Shows put vs call positioning

IV Skew

-8.40

Put–call IV difference

Max Pain Price Volatility

σ = 5.00

low volatility

Confidence 85%

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

Looking only at the put-side activity, there is a bearish directional push. This suggests some traders are actively betting on downside. Confidence: 80%

Current DPI is -0.139(bullish). Bullish, momentum neutral or unclear.

Options Terrain Outlook (3-Month)

Options positioning suggests a structurally constrained trading environment, where price movements are more likely to stall or mean-revert rather than extend. Volatility conditions are moderately choppy. Price action is strongly influenced by existing options constraints. Directional moves may struggle to sustain follow-through. Structural sensitivity is elevated around the 2026-07-17 options expiry. 90% confidence

The support levels for PTON are at 4.04, 3.97, and 3.52, while the resistance levels are at 4.14, 4.21, and 4.66. The pivot point, a key reference price for traders, is at 4.50.

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

Based on the latest options positioning (DTE 2), the ATM straddle implies a standardized 3.89% 1-day move.

The expected range for the next 2 days is 3.94 — 4.43 , corresponding to +8.43% / -3.67% .

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 4.68 (14.41% above spot).

Bearish positioning points to downside pressure toward 3.89 (5.00% below spot).

Options flow strength: 0.44 (0–1 scale). ATM Strike: 4.00, Call: 0.17, Put: 0.06, Straddle Cost: 0.23.

Market signals are mixed and less reliable. No short-term gamma flip is observed , with intermediate positioning around 3.13 . The mid-term gamma flip remains near 3.13.