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

Analyze the complete STLD 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 STLD.

Latest Data: 2026-02-06 (EDT)

Max Pain Price

175

Exp: 2026-02-20

Gamma Flip

166.40

Gamma Flip (≈60 days)

Put/Call OI Ratio

0.458

Shows put vs call positioning

IV Skew

1.52

Put–call IV difference

Max Pain Price Volatility

σ = 0.00

low volatility

Confidence 50%

Near-Term Options-Derived Market Structure

BEARISH BIAS

Reflecting options positioning and volatility conditions over the coming sessions.

The options structure reflects a moderate bearish bias. Downside factors are present but not dominant. 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: 67%

Current DPI is 0.967(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. Structural constraints from options positioning are relatively light. Directional moves may struggle to sustain follow-through. Structural sensitivity is elevated around the 2026-02-20 options expiry. 100% confidence

The support levels for STLD are at 199.21, 195.39, and 182.05, while the resistance levels are at 205.57, 209.39, and 222.73. The pivot point, a key reference price for traders, is at 175.00.

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

Based on the latest options positioning (DTE 14), the ATM straddle implies a standardized 1.55% 1-day move.

The expected range for the next 14 days is 184.61 — 208.16 , corresponding to +2.85% / -8.78% .

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 211.30 (4.40% above spot).

Bearish positioning points to downside pressure toward 172.24 (14.90% below spot).

Options flow strength: 0.69 (0–1 scale). ATM Strike: 200.00, Call: 7.05, Put: 4.70, Straddle Cost: 11.75.

Price moves are likely to stay range-bound. The short-term gamma flip is near 166.73 , with intermediate positioning around 166.40 . The mid-term gamma flip remains near 166.40.