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

Analyze the complete SW 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 SW.

Latest Data: 2026-10-01 (EDT)

Max Pain Price

Exp: 2026-10-16

Gamma Flip

45.48

Gamma Flip (≈60 days)

Put/Call OI Ratio

0.256

Shows put vs call positioning

IV Skew

-3.98

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

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: 100%

Current DPI is 0.113(bearish). Bearish, momentum neutral or unclear. Trend approaching turning point (Momentum Deceleration) with Low Saturation Gamma saturation

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. Options constraints exert a moderate influence on price behavior. Once a directional move forms, continuation appears relatively easy. Structural sensitivity is elevated around the 2026-10-16 options expiry. 100% confidence

The support levels for SW are at 42.76, 42.34, and 40.99, while the resistance levels are at 43.32, 43.74, and 45.09. The pivot point, a key reference price for traders, is at 50.00.

Short-Term Options-Implied Price Range & Flow Structure (DTE: 15)

Based on the latest options positioning (DTE 15), the ATM straddle implies a standardized 1.84% 1-day move.

The expected range for the next 15 days is 39.59 — 46.87 , corresponding to +8.89% / -8.02% .

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 49.40 (14.78% above spot).

Bearish positioning points to downside pressure toward 37.34 (13.25% below spot).

Options flow strength: 0.72 (0–1 scale). ATM Strike: 45.00, Call: 0.65, Put: 2.42, Straddle Cost: 3.07.

Price moves may extend once a direction forms. The short-term gamma flip is near 45.67 , with intermediate positioning around 45.48 . The mid-term gamma flip remains near 45.48.