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

Analyze the complete TGB 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 TGB.

Latest Data: 2026-02-06 (EDT)
Max Pain Price
8
Exp: 2026-02-20
Gamma Flip
N/A
Gamma Flip (≈60 days)
Put/Call OI Ratio
0.049
Shows put vs call positioning
IV Skew
-7.52
Put–call IV difference
Max Pain Price Volatility
σ = 0.00
low volatility
Confidence 75%

Near-Term Options-Derived Market Structure

BEARISH BIAS

Reflecting options positioning and volatility conditions over the coming sessions.

The options structure indicates a clear bearish tilt. Several major factors align to the downside, suggesting elevated short-term downside risk. 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 0.97(bullish). Bullish, momentum neutral or unclear.

Options Terrain Outlook (3-Month)

Options positioning suggests a structurally constrained trading environment, where price movements are more likely to stall or mean-revert rather than extend. Volatility conditions are moderately choppy. Price action is strongly influenced by existing options constraints. Directional moves may struggle to sustain follow-through. Structural sensitivity is elevated around the 2026-03-20 options expiry. 90% confidence

The support levels for TGB are at 7.69, 7.51, and 6.17, while the resistance levels are at 8.01, 8.19, and 9.53. The pivot point, a key reference price for traders, is at 8.00.

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

Based on the latest options positioning (DTE 14), the ATM straddle implies a standardized 3.49% 1-day move.


The expected range for the next 14 days is 6.73 8.18 , corresponding to +4.25% / -14.27% .

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 8.33 (6.11% above spot).

Bearish positioning points to downside pressure toward 5.95 (24.15% below spot).


Options flow strength: 0.65 (0–1 scale). ATM Strike: 8.00, Call: 0.50, Put: 0.52, Straddle Cost: 1.02.


Market signals are mixed and less reliable. No short-term gamma flip is observed