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

Analyze the complete SMR 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 SMR.

Latest Data: 2026-07-20 (EDT)

Max Pain Price

Exp: 2026-07-24

Gamma Flip

8.47

Gamma Flip (≈60 days)

Put/Call OI Ratio

8.860

Shows put vs call positioning

IV Skew

4.30

Put–call IV difference

Max Pain Price Volatility

σ = 7.10

medium 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: 54%

Current DPI is -0.535(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 moderately choppy. Options constraints exert a moderate influence on price behavior. Directional continuation remains uncertain and selective. Structural sensitivity is elevated around the 2026-08-21 options expiry. 100% confidence

The support levels for SMR are at 7.75, 7.42, and 5.38, while the resistance levels are at 8.17, 8.50, and 10.54. The pivot point, a key reference price for traders, is at 10.00.

Short-Term Options-Implied Price Range & Flow Structure (DTE: 4)

Based on the latest options positioning (DTE 4), the ATM straddle implies a standardized 4.33% 1-day move.

The expected range for the next 4 days is 7.57 — 8.47 , corresponding to +6.36% / -4.85% .

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 8.72 (9.58% above spot).

Bearish positioning points to downside pressure toward 7.42 (6.84% below spot).

Options flow strength: 0.63 (0–1 scale). ATM Strike: 8.00, Call: 0.33, Put: 0.36, Straddle Cost: 0.69.

Price moves may extend once a direction forms. The short-term gamma flip is near 8.32 , with intermediate positioning around 8.47 . The mid-term gamma flip remains near 8.47.