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

Analyze the complete WBD 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 WBD.

Latest Data: 2026-03-25 (EDT)

Max Pain Price

Exp: 2026-03-27

Gamma Flip

28.27

Gamma Flip (≈60 days)

Put/Call OI Ratio

2.102

Shows put vs call positioning

IV Skew

-6.01

Put–call IV difference

Max Pain Price Volatility

σ = 5.00

low 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: 71%

Current DPI is -0.137(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 elevated, implying wider and less stable price swings. Price action is strongly influenced by existing options constraints. Once a directional move forms, continuation appears relatively easy. Structural sensitivity is elevated around the 2026-04-17 options expiry. 90% confidence

The support levels for WBD are at 27.14, 27.02, and 26.84, while the resistance levels are at 27.30, 27.42, and 27.60. The pivot point, a key reference price for traders, is at 27.00.

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

Based on the latest options positioning (DTE 2), the ATM straddle implies a standardized 0.91% 1-day move.

The expected range for the next 2 days is 26.95 — 28.29 , corresponding to +3.94% / -1.01% .

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 29.12 (6.99% above spot).

Bearish positioning points to downside pressure toward 26.83 (1.44% below spot).

Options flow strength: 0.54 (0–1 scale). ATM Strike: 27.00, Call: 0.30, Put: 0.05, Straddle Cost: 0.35.

Price moves may extend once a direction forms. The short-term gamma flip is near 28.22 , with intermediate positioning around 28.27 . The mid-term gamma flip remains near 28.17.