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

Analyze the complete WRB 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 WRB.

Latest Data: 2026-02-06 (EDT)

Max Pain Price

72.5

Exp: 2026-02-20

Gamma Flip

67.84

Gamma Flip (≈60 days)

Put/Call OI Ratio

0.449

Shows put vs call positioning

IV Skew

-3.67

Put–call IV difference

Max Pain Price Volatility

σ = 0.00

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

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 0.655(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 are moderately choppy. Structural constraints from options positioning are relatively light. Directional moves may struggle to sustain follow-through. Structural sensitivity is elevated around the 2026-02-20 options expiry. 100% confidence

The support levels for WRB are at 69.51, 68.43, and 65.69, while the resistance levels are at 71.31, 72.39, and 75.13. The pivot point, a key reference price for traders, is at 72.50.

Short-Term Options-Implied Price Range & Flow Structure (DTE: 14)

Based on the latest options positioning (DTE 14), the ATM straddle implies a standardized 0.93% 1-day move.

The expected range for the next 14 days is 67.91 — 71.86 , corresponding to +2.06% / -3.55% .

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 72.79 (3.39% above spot).

Bearish positioning points to downside pressure toward 66.07 (6.16% below spot).

Options flow strength: 0.57 (0–1 scale). ATM Strike: 70.00, Call: 1.52, Put: 0.93, Straddle Cost: 2.45.

Price moves are likely to stay range-bound. The short-term gamma flip is near 67.78 , with intermediate positioning around 67.84 . The mid-term gamma flip remains near 67.35.