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

Analyze the complete SNA 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 SNA.

Latest Data: 2026-02-06 (EDT)
Max Pain Price
390
Exp: 2026-02-20
Gamma Flip
377.66
Gamma Flip (≈60 days)
Put/Call OI Ratio
1.709
Shows put vs call positioning
IV Skew
5.87
Put–call IV difference
Max Pain Price Volatility
σ = 8.16
medium volatility
Confidence 50%

Near-Term Options-Derived Market Structure

BULLISH BIAS

Reflecting options positioning and volatility conditions over the coming sessions.

The options data shows a moderate bullish tilt. There is some directional support, though momentum remains limited. 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: 59%

Current DPI is -0.104(bullish). Bullish, momentum neutral or unclear.

Options Terrain Outlook (3-Month)

Options positioning suggests a structurally constrained trading environment, where price movements are more likely to stall or mean-revert rather than extend. Volatility conditions are moderately choppy. Price action is strongly influenced by existing options constraints. Directional moves may struggle to sustain follow-through. Structural sensitivity is elevated around the 2026-03-20 options expiry. 90% confidence

The support levels for SNA are at 367.47, 364.67, and 358.38, while the resistance levels are at 371.21, 374.01, and 380.30. The pivot point, a key reference price for traders, is at 390.00.

Short-Term Options-Implied Price Range & Flow Structure (DTE: 14)

Based on the latest options positioning (DTE 14), the ATM straddle implies a standardized 0.76% 1-day move.


The expected range for the next 14 days is 354.12 376.13 , corresponding to +1.84% / -4.12% .

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 380.59 (3.05% above spot).

Bearish positioning points to downside pressure toward 342.45 (7.28% below spot).


Options flow strength: 0.58 (0–1 scale). ATM Strike: 370.00, Call: 5.40, Put: 5.10, Straddle Cost: 10.50.


Market signals are mixed and less reliable. No short-term gamma flip is observed , with intermediate positioning around 377.66 . The mid-term gamma flip remains near 377.66.