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

Analyze the complete WDC 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 WDC.

Latest Data: 2026-08-28 (EDT)
Max Pain Price
430
Exp: 2026-09-04
Gamma Flip
489.95
Gamma Flip (≈60 days)
Put/Call OI Ratio
1.398
Shows put vs call positioning
IV Skew
-7.28
Put–call IV difference
Max Pain Price Volatility
σ = 120.00
high volatility
Confidence 100%

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: 62%

Current DPI is 0.245(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 elevated, implying wider and less stable price swings. Options constraints exert a moderate influence on price behavior. Directional continuation remains uncertain and selective. Structural sensitivity is elevated around the 2026-09-04 options expiry. 100% confidence

The support levels for WDC are at 425.04, 384.90, and 80.96, while the resistance levels are at 493.86, 534.00, and 837.94. The pivot point, a key reference price for traders, is at 430.00.

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

Based on the latest options positioning (DTE 7), the ATM straddle implies a standardized 2.67% 1-day move.


The expected range for the next 7 days is 441.15 497.17 , corresponding to +8.21% / -3.98% .

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 516.64 (12.45% above spot).

Bearish positioning points to downside pressure toward 433.52 (5.64% below spot).


Options flow strength: 0.92 (0–1 scale). ATM Strike: 460.00, Call: 16.18, Put: 16.25, Straddle Cost: 32.42.


Price moves may extend once a direction forms. The short-term gamma flip is near 489.95 , with intermediate positioning around 489.95 . The mid-term gamma flip remains near 487.57.