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.
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: 60%
Current DPI is -0.806(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 remain relatively smooth. Options constraints exert a moderate influence on price behavior. Once a directional move forms, continuation appears relatively easy. Structural sensitivity is elevated around the 2026-04-10 options expiry. 100% confidence
Short-Term Options-Implied Price Range & Flow Structure (DTE: 3)
Based on the latest options positioning (DTE 3), the ATM straddle implies a standardized 4.79% 1-day move.
The expected range for the next 3 days is 8.93 — 10.22 , corresponding to +11.52% / -2.56% .
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 10.87 (18.65% above spot).
Bearish positioning points to downside pressure toward 8.93 (2.50% below spot).
Options flow strength: 0.64 (0–1 scale). ATM Strike: 9.00, Call: 0.47, Put: 0.29, Straddle Cost: 0.76.
Price moves may extend once a direction forms. The short-term gamma flip is near 10.76 , with intermediate positioning around 10.77 . The mid-term gamma flip remains near 10.77.