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

Analyze the complete XLK 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 XLK.

Latest Data: 2026-03-25 (EDT)

Max Pain Price

136

Exp: 2026-03-27

Gamma Flip

138.54

Gamma Flip (≈60 days)

Put/Call OI Ratio

1.318

Shows put vs call positioning

IV Skew

-3.42

Put–call IV difference

Max Pain Price Volatility

σ = 10.12

medium volatility

Confidence 35%

Near-Term Options-Derived Market Structure

BEARISH BIAS

Reflecting options positioning and volatility conditions over the coming sessions.

A slight bearish tilt is visible, though the signal is weak and insufficient for a strong directional call. 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 0.05(neutral). ⏳ Neutral accumulation, DPI neutral, but makers are actively building positions.

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 moderately choppy. Options constraints exert a moderate influence on price behavior. Directional continuation remains uncertain and selective. Structural sensitivity is elevated around the 2026-06-18 options expiry. 90% confidence

The support levels for XLK are at 136.06, 135.01, and 132.74, while the resistance levels are at 137.46, 138.51, and 140.78. The pivot point, a key reference price for traders, is at 136.00.

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

Based on the latest options positioning (DTE 2), the ATM straddle implies a standardized 1.33% 1-day move.

The expected range for the next 2 days is 134.34 — 138.25 , corresponding to +1.09% / -1.77% .

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 138.64 (1.38% above spot).

Bearish positioning points to downside pressure toward 133.27 (2.55% below spot).

Options flow strength: 0.73 (0–1 scale). ATM Strike: 137.00, Call: 1.25, Put: 1.32, Straddle Cost: 2.56.

Price moves may extend once a direction forms. The short-term gamma flip is near 138.61 , with intermediate positioning around 138.54 . The mid-term gamma flip remains near 138.98.