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

Analyze the complete WY 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 WY.

Latest Data: 2026-02-06 (EDT)
Max Pain Price
25
Exp: 2026-02-20
Gamma Flip
23.86
Gamma Flip (≈60 days)
Put/Call OI Ratio
0.311
Shows put vs call positioning
IV Skew
0.74
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 0.823(strong-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. Options constraints exert a moderate influence on price behavior. Directional moves may struggle to sustain follow-through. Structural sensitivity is elevated around the 2026-03-20 options expiry. 100% confidence

The support levels for WY are at 26.40, 26.11, and 25.28, while the resistance levels are at 26.88, 27.17, and 28.00. The pivot point, a key reference price for traders, is at 25.00.

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

Based on the latest options positioning (DTE 14), the ATM straddle implies a standardized 1.15% 1-day move.


The expected range for the next 14 days is 24.97 27.01 , corresponding to +1.40% / -6.28% .

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 27.18 (2.04% above spot).

Bearish positioning points to downside pressure toward 23.71 (10.99% below spot).


Options flow strength: 0.60 (0–1 scale). ATM Strike: 27.00, Call: 0.48, Put: 0.68, Straddle Cost: 1.15.


Market signals are mixed and less reliable. No short-term gamma flip is observed , with intermediate positioning around 23.86 . The mid-term gamma flip remains near 23.73.