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

Analyze the complete TMO 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 TMO.

Latest Data: 2026-03-25 (EDT)

Max Pain Price

500

Exp: 2026-03-27

Gamma Flip

487.08

Gamma Flip (≈60 days)

Put/Call OI Ratio

1.686

Shows put vs call positioning

IV Skew

-3.88

Put–call IV difference

Max Pain Price Volatility

σ = 64.71

high 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

Looking only at the put-side activity, there is a bearish directional push. This suggests some traders are actively betting on downside. Confidence: 60%

Current DPI is -0.243(neutral). ⏳ Neutral distribution, DPI neutral, but makers are actively shedding positions.

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. Options constraints exert a moderate influence on price behavior. Directional moves may struggle to sustain follow-through. Structural sensitivity is elevated around the 2026-03-27 options expiry. 100% confidence

The support levels for TMO are at 481.44, 470.56, and 432.08, while the resistance levels are at 500.10, 510.98, and 549.46. The pivot point, a key reference price for traders, is at 500.00.

Short-Term Options-Implied Price Range & Flow Structure (DTE: 2)

Based on the latest options positioning (DTE 2), the ATM straddle implies a standardized 1.64% 1-day move.

The expected range for the next 2 days is 479.68 — 508.02 , corresponding to +3.51% / -2.26% .

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 518.17 (5.58% above spot).

Bearish positioning points to downside pressure toward 474.39 (3.34% below spot).

Options flow strength: 0.66 (0–1 scale). ATM Strike: 490.00, Call: 6.00, Put: 5.35, Straddle Cost: 11.35.

Price moves are likely to stay range-bound. The short-term gamma flip is near 486.48 , with intermediate positioning around 487.08 . The mid-term gamma flip remains near 487.25.