SMCI Options Chain — Open Interest, Implied Volatility, Max Pain & Gamma Exposure
Analyze the complete SMCI 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 SMCI.
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: 80%
Current DPI is -0.277(neutral). ⏳ Neutral distribution, DPI neutral, but makers are actively shedding positions.
Options Terrain Outlook (3-Month)
Options structure allows for directional movement, but with elevated volatility and less predictable follow-through. Volatility conditions are moderately choppy. Options constraints exert a moderate influence on price behavior. Directional moves may struggle to sustain follow-through. Structural sensitivity is elevated around the 2026-04-17 options expiry. 100% confidence
Short-Term Options-Implied Price Range & Flow Structure (0DTE · Intraday Reference)
Expiry 2026-04-02 (DTE 0): Pinning structure with suppressed volatility. Option flow bias is bearish (-0.50), pin strength 0.70.
Based on same-day expiring options (0DTE), the ATM straddle implies an 1.72% standardized 1-day equivalent move, serving as an intraday volatility reference.
The implied intraday range is approximately 21.64 — 23.95 , corresponding to +3.15% / -6.80% .
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 24.33 (4.79% above spot).
Bearish positioning points to downside pressure toward 20.64 (11.12% below spot).
Options flow strength: 0.74 (0–1 scale). ATM Strike: 23.00, Call: 0.26, Put: 0.14, Straddle Cost: 0.40.
Price moves are likely to stay range-bound. The short-term gamma flip is near 21.47 , with intermediate positioning around 21.57 . The mid-term gamma flip remains near 21.70.