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

Analyze the complete Q 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 Q.

Latest Data: 2026-08-28 (EDT)

Max Pain Price

120

Exp: 2026-09-18

Gamma Flip

138.12

Gamma Flip (≈60 days)

Put/Call OI Ratio

2.283

Shows put vs call positioning

IV Skew

-3.80

Put–call IV difference

Max Pain Price Volatility

σ = 38.06

high volatility

Confidence 88%

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

Looking only at the put-side activity, there is a bearish directional push. This suggests some traders are actively betting on downside. Confidence: 60%

Current DPI is -0.707(strong-bearish). Bearish, momentum neutral or unclear.

Options Terrain Outlook (3-Month)

The market is positioned near a structural transition zone, where options exposure may shift the prevailing trading regime. Volatility conditions are moderately choppy. Price action is strongly influenced by existing options constraints. Once a directional move forms, continuation appears relatively easy. Structural sensitivity is elevated around the 2026-09-18 options expiry. 90% confidence

The support levels for Q are at 118.14, 115.60, and 99.37, while the resistance levels are at 122.38, 124.92, and 141.15. The pivot point, a key reference price for traders, is at 120.00.

Short-Term Options-Implied Price Range & Flow Structure (DTE: 21)

Based on the latest options positioning (DTE 21), the ATM straddle implies a standardized 2.07% 1-day move.

The expected range for the next 21 days is 117.74 — 140.14 , corresponding to +16.53% / -2.10% .

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 151.92 (26.33% above spot).

Bearish positioning points to downside pressure toward 116.90 (2.79% below spot).

Options flow strength: 0.89 (0–1 scale). ATM Strike: 120.00, Call: 6.10, Put: 5.30, Straddle Cost: 11.40.

Price moves may extend once a direction forms. The short-term gamma flip is near 139.74 , with intermediate positioning around 138.12 . The mid-term gamma flip remains near 133.75.