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

Analyze the complete SAN 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 SAN.

Latest Data: 2026-03-25 (EDT)

Max Pain Price

Exp: 2026-04-17

Gamma Flip

N/A

Gamma Flip (≈60 days)

Put/Call OI Ratio

0.444

Shows put vs call positioning

IV Skew

5.28

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

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 0.242(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 elevated, implying wider and less stable price swings. Options constraints exert a moderate influence on price behavior. Directional moves may struggle to sustain follow-through. Structural sensitivity is elevated around the 2026-06-18 options expiry. 100% confidence

The support levels for SAN are at 11.11, 10.98, and 10.48, while the resistance levels are at 11.27, 11.40, and 11.90. The pivot point, a key reference price for traders, is at 12.00.

Short-Term Options-Implied Price Range & Flow Structure (DTE: 23)

Based on the latest options positioning (DTE 23), the ATM straddle implies a standardized 1.91% 1-day move.

The expected range for the next 23 days is 10.87 — 12.16 , corresponding to +8.66% / -2.87% .

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 12.86 (14.93% above spot).

Bearish positioning points to downside pressure toward 10.70 (4.36% below spot).

Options flow strength: 0.62 (0–1 scale). ATM Strike: 11.00, Call: 0.62, Put: 0.40, Straddle Cost: 1.02.

Short-term moves may occur, but follow-through is uncertain. The short-term gamma flip is near 12.35 . The mid-term gamma flip remains near 8.36.