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

Analyze the complete SNPS 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 SNPS.

Latest Data: 2026-02-06 (EDT)
Max Pain Price
515
Exp: 2026-02-06
Gamma Flip
477.65
Gamma Flip (≈60 days)
Put/Call OI Ratio
0.873
Shows put vs call positioning
IV Skew
-3.95
Put–call IV difference
Max Pain Price Volatility
σ = 17.80
high volatility
Confidence 100%

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

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: 50%

Current DPI is -0.267(strong-bullish). Bullish, momentum neutral or unclear.

Options Terrain Outlook (3-Month)

The market is positioned near a structural transition zone, where options exposure may shift the prevailing trading regime. Volatility conditions are moderately choppy. Price action is strongly influenced by existing options constraints. Once a directional move forms, continuation appears relatively easy. Structural sensitivity is elevated around the 2026-04-17 options expiry. 90% confidence

The support levels for SNPS are at 421.53, 415.11, and 382.48, while the resistance levels are at 432.23, 438.65, and 471.28. The pivot point, a key reference price for traders, is at 515.00.

Short-Term Options-Implied Price Range & Flow Structure (0DTE · Intraday Reference)

Expiry 2026-02-06 (DTE 0): Pinning structure with suppressed volatility. Option flow bias is bearish (-0.50), pin strength 0.70.


Based on same-day expiring options (0DTE), the ATM straddle implies an 0.00% standardized 1-day equivalent move, serving as an intraday volatility reference.


The implied intraday range is approximately 0.00 0.00 , corresponding to +0.00% / -0.00% .

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 0.00 (0.00% above spot).

Bearish positioning points to downside pressure toward 0.00 (0.00% below spot).


Options flow strength: 0.00 (0–1 scale). ATM Strike: 425.00, Call: 0.00, Put: 5.25, Straddle Cost: 0.00.


Price moves may extend once a direction forms. The short-term gamma flip is near 486.38 , with intermediate positioning around 477.65 . The mid-term gamma flip remains near 432.84.