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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: 2026-08-28 (EDT)
Max Pain Price
620
Exp: 2026-09-04
Gamma Flip
581.66
Gamma Flip (≈60 days)
Put/Call OI Ratio
0.641
Shows put vs call positioning
IV Skew
-2.65
Put–call IV difference
Max Pain Price Volatility
σ = 64.48
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

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 0.891(neutral). ⏳ Neutral accumulation, DPI neutral, but makers are actively building 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 2026-09-18 options expiry. 100% confidence

The support levels for TMO are at 611.09, 598.15, and 558.63, while the resistance levels are at 633.27, 646.21, and 685.73. The pivot point, a key reference price for traders, is at 620.00.

Short-Term Options-Implied Price Range & Flow Structure (DTE: 7)

Based on the latest options positioning (DTE 7), the ATM straddle implies a standardized 0.00% 1-day move.


The expected range for the next 7 days is 0.00 0.00 , corresponding to +0.00% / -0.00% .

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 0.00 (0.00% above spot).

Bearish positioning points to downside pressure toward 0.00 (0.00% below spot).


Options flow strength: 0.00 (0–1 scale). ATM Strike: 620.00, Call: 10.40, Put: 0.00, Straddle Cost: 0.00.


Price moves are likely to stay range-bound. The short-term gamma flip is near 574.12 , with intermediate positioning around 581.66 . The mid-term gamma flip remains near 580.23.