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: 67%
Current DPI is -0.37(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 continuation remains uncertain and selective. Structural sensitivity is elevated around the 2026-07-24 options expiry. 100% confidence
Short-Term Options-Implied Price Range & Flow Structure (DTE: 4)
Based on the latest options positioning (DTE 4), the ATM straddle implies a standardized 4.20% 1-day move.
The expected range for the next 4 days is 22.85 — 25.66 , corresponding to +7.66% / -4.10% .
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 26.50 (11.21% above spot).
Bearish positioning points to downside pressure toward 22.54 (5.41% below spot).
Options flow strength: 0.89 (0–1 scale). ATM Strike: 24.00, Call: 1.12, Put: 0.88, Straddle Cost: 2.00.
Price moves may extend once a direction forms. The short-term gamma flip is near 24.55 , with intermediate positioning around 24.66 . The mid-term gamma flip remains near 24.66.