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

Analyze the complete SYK 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 SYK.

Latest Data: 2026-07-14 (EDT)

Max Pain Price

340

Exp: 2026-07-17

Gamma Flip

N/A

Gamma Flip (≈60 days)

Put/Call OI Ratio

0.447

Shows put vs call positioning

IV Skew

-1.74

Put–call IV difference

Max Pain Price Volatility

σ = 11.97

medium 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 0.062(strong-bearish). Bearish, 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 2026-07-17 options expiry. 90% confidence

The support levels for SYK are at 308.77, 305.31, and 293.96, while the resistance levels are at 313.37, 316.83, and 328.18. The pivot point, a key reference price for traders, is at 340.00.

Short-Term Options-Implied Price Range & Flow Structure (DTE: 3)

Based on the latest options positioning (DTE 3), the ATM straddle implies a standardized 1.65% 1-day move.

The expected range for the next 3 days is 304.46 — 322.59 , corresponding to +3.70% / -2.12% .

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 329.29 (5.86% above spot).

Bearish positioning points to downside pressure toward 301.53 (3.07% below spot).

Options flow strength: 0.69 (0–1 scale). ATM Strike: 310.00, Call: 3.70, Put: 5.20, Straddle Cost: 8.90.

Short-term moves may occur, but follow-through is uncertain. The short-term gamma flip is near 538.24 . The mid-term gamma flip remains near 303.18.