QQQ Options Chain — Open Interest, Implied Volatility, Max Pain & Gamma Exposure
Analyze the complete QQQ 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 QQQ.
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
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: 50%
Current DPI is -0.111(strong-bullish). Bullish, 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. Directional continuation remains uncertain and selective. Structural sensitivity is elevated around the 2026-02-20 options expiry. 90% confidence
Short-Term Options-Implied Price Range & Flow Structure (0DTE · Intraday Reference)
Expiry 2026-02-06 (DTE 0): Pinning structure with suppressed volatility. Option flow bias is neutral (-0.20), pin strength 0.90.
Based on same-day expiring options (0DTE), the ATM straddle implies an 0.41% standardized 1-day equivalent move, serving as an intraday volatility reference.
The implied intraday range is approximately 603.78 — 615.80 , corresponding to +1.01% / -0.96% .
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 618.78 (1.50% above spot).
Bearish positioning points to downside pressure toward 600.98 (1.42% below spot).
Options flow strength: 0.94 (0–1 scale). ATM Strike: 610.00, Call: 0.30, Put: 2.20, Straddle Cost: 2.51.
Price moves may extend once a direction forms. The short-term gamma flip is near 618.31 , with intermediate positioning around 618.90 . The mid-term gamma flip remains near 619.06.