SJM Options Chain — Open Interest, Implied Volatility, Max Pain & Gamma Exposure
Analyze the complete SJM 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 SJM.
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: 67%
Current DPI is -0.418(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 are elevated, implying wider and less stable price swings. Options constraints exert a moderate influence on price behavior. Directional continuation remains uncertain and selective. Structural sensitivity is elevated around the 2026-04-17 options expiry. 100% confidence
Short-Term Options-Implied Price Range & Flow Structure (DTE: 23)
Based on the latest options positioning (DTE 23), the ATM straddle implies a standardized 1.16% 1-day move.
The expected range for the next 23 days is 94.57 — 100.91 , corresponding to +5.78% / -0.86% .
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 104.60 (9.66% above spot).
Bearish positioning points to downside pressure toward 94.39 (1.05% below spot).
Options flow strength: 0.71 (0–1 scale). ATM Strike: 95.00, Call: 3.08, Put: 2.23, Straddle Cost: 5.30.
Price moves may extend once a direction forms. The short-term gamma flip is near 98.07 , with intermediate positioning around 98.16 . The mid-term gamma flip remains near 95.49.