UAL Options Chain — Open Interest, Implied Volatility, Max Pain & Gamma Exposure
Analyze the complete UAL 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 UAL.
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 0.181(bearish). Bearish, momentum neutral or unclear.
Options Terrain Outlook (3-Month)
Options structure allows for directional movement, but with elevated volatility and less predictable follow-through. Volatility conditions remain relatively smooth. Price action is strongly influenced by existing options constraints. Directional continuation remains uncertain and selective. Structural sensitivity is elevated around the 2026-04-17 options expiry. 100% confidence
Short-Term Options-Implied Price Range & Flow Structure (DTE: 2)
Based on the latest options positioning (DTE 2), the ATM straddle implies a standardized 3.29% 1-day move.
The expected range for the next 2 days is 88.96 — 95.82 , corresponding to +3.09% / -4.29% .
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 96.72 (4.06% above spot).
Bearish positioning points to downside pressure toward 87.28 (6.10% below spot).
Options flow strength: 0.80 (0–1 scale). ATM Strike: 93.00, Call: 2.19, Put: 2.13, Straddle Cost: 4.33.
Price moves may extend once a direction forms. The short-term gamma flip is near 93.61 , with intermediate positioning around 93.55 . The mid-term gamma flip remains near 93.50.