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

Analyze the complete SNAP 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 SNAP.

Latest Data: 2026-07-20 (EDT)

Max Pain Price

5.5

Exp: 2026-07-24

Gamma Flip

4.69

Gamma Flip (≈60 days)

Put/Call OI Ratio

0.973

Shows put vs call positioning

IV Skew

-2.44

Put–call IV difference

Max Pain Price Volatility

σ = 5.00

low 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

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 -0.107(neutral). Neutral consolidation, trend and momentum are indistinct. From the current DPI structure, dealers appear largely neutral, suggesting limited willingness to reinforce directional price moves..

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 2027-01-15 options expiry. 100% confidence

The support levels for SNAP are at 4.49, 4.39, and 3.86, while the resistance levels are at 4.63, 4.73, and 5.26. The pivot point, a key reference price for traders, is at 5.50.

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

Based on the latest options positioning (DTE 4), the ATM straddle implies a standardized 2.63% 1-day move.

The expected range for the next 4 days is 4.48 — 4.99 , corresponding to +9.48% / -1.84% .

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 5.32 (16.64% above spot).

Bearish positioning points to downside pressure toward 4.46 (2.13% below spot).

Options flow strength: 0.53 (0–1 scale). ATM Strike: 4.50, Call: 0.17, Put: 0.08, Straddle Cost: 0.24.

Price moves may extend once a direction forms. The short-term gamma flip is near 4.68 , with intermediate positioning around 4.69 . The mid-term gamma flip remains near 4.65.