DOW · Dow Inc.

Track DOW — free Ask ALVIS about DOW

$29.85 -1.05 (-3.40%)

Market Cap

$22.27B

720.74M

Options Chain

15-min delayed Underlying $30.90 · Jul 23, 2026 Options Calculator

Positioning

Jul 24, 2026 · expires today · 82 contracts

Put / call OI

0.48

Call-heavy positioning

Open interest

17,654

contracts outstanding

Volume

1,945

traded today

Max pain

$29.00

$1.90 below spot

ATM implied vol

232.4%

market's expected move

Open interest by strike · near the money

Calls Puts

25.5

26.5

27.5

28.5

29.5

30.5

31.5

32.5

33.5

34.5

Chain

Click any strike for greeks, breakeven and the calculator

Expiry

Jul 24 0d Jul 31 7d Aug 7 14d Aug 14 21d Aug 21 28d Aug 28 35d Sep 4 42d Sep 18 56d Oct 16 84d Nov 20 119d Dec 18 147d Jan 15 175d Mar 19 238d Jun 17 328d Jan 21 546d

Calls						Puts
OI	Vol	IV	Δ	Last	Strike	Last	Δ	IV	Vol	OI
17	2	1262.3%	0.992	$11.75		$0.05	—	—	13	13
Call · $18 In the money Last $11.75 Breakeven $29.75 Implied vol 1262.3% Delta 0.992 ≈99% ITM Gamma 0.003 Theta -0.644 Vega 0 Open interest 17 Model this call Put · $18 Last $0.05 Breakeven $17.95 Implied vol — Delta — Gamma — Theta — Vega — Open interest 13 Model this put
44	1	1862.2%	0.937	$11.03		$0.06	—	—	5	5
Call · $19 In the money Last $11.03 Breakeven $30.03 Implied vol 1862.2% Delta 0.937 ≈94% ITM Gamma 0.012 Theta -5.273 Vega 0.001 Open interest 44 Model this call Put · $19 Last $0.06 Breakeven $18.94 Implied vol — Delta — Gamma — Theta — Vega — Open interest 5 Model this put
47	10	—	—	$9.68		—	—	—	—	0
Call · $20 In the money Last $9.68 Breakeven $29.68 Implied vol — Delta — Gamma — Theta — Vega — Open interest 47 Model this call Put · $20 Last — Breakeven — Implied vol — Delta — Gamma — Theta — Vega — Open interest 0 Model this put
5	11	—	—	$8.75		$0.20	—	—	2	3
Call · $21 In the money Last $8.75 Breakeven $29.75 Implied vol — Delta — Gamma — Theta — Vega — Open interest 5 Model this call Put · $21 Last $0.20 Breakeven $20.80 Implied vol — Delta — Gamma — Theta — Vega — Open interest 3 Model this put
6	11	801.9%	0.988	$8.00		$0.01	-0.026	943.8%	1	3
Call · $22 In the money Last $8.00 Breakeven $30.00 Implied vol 801.9% Delta 0.988 ≈99% ITM Gamma 0.007 Theta -0.588 Vega 0 Open interest 6 Model this call Put · $22 Last $0.01 Breakeven $21.99 Implied vol 943.8% Delta -0.026 ≈3% ITM Gamma 0.012 Theta -1.335 Vega 0 Open interest 3 Model this put
8	8	1066.7%	0.93	$7.09		$0.08	-0.03	821.7%	4	14
Call · $23 In the money Last $7.09 Breakeven $30.09 Implied vol 1066.7% Delta 0.93 ≈93% ITM Gamma 0.023 Theta -3.275 Vega 0.001 Open interest 8 Model this call Put · $23 Last $0.08 Breakeven $22.92 Implied vol 821.7% Delta -0.03 ≈3% ITM Gamma 0.015 Theta -1.279 Vega 0 Open interest 14 Model this put
8	7	1055.8%	0.915	$6.68		—	-0.04	803.8%	—	0
Call · $23.5 In the money Last $6.68 Breakeven $30.18 Implied vol 1055.8% Delta 0.915 ≈91% ITM Gamma 0.028 Theta -3.768 Vega 0.001 Open interest 8 Model this call Put · $23.5 Last — Breakeven — Implied vol 803.8% Delta -0.04 ≈4% ITM Gamma 0.02 Theta -1.572 Vega 0 Open interest 0 Model this put
42	7	1045.1%	0.899	$7.00		$0.01	-0.052	796.5%	2	3
Call · $24 In the money Last $7.00 Breakeven $31.00 Implied vol 1045.1% Delta 0.899 ≈90% ITM Gamma 0.032 Theta -4.26 Vega 0.001 Open interest 42 Model this call Put · $24 Last $0.01 Breakeven $23.99 Implied vol 796.5% Delta -0.052 ≈5% ITM Gamma 0.025 Theta -1.944 Vega 0 Open interest 3 Model this put
7	6	628.5%	0.968	$5.77		$0.01	-0.035	638.3%	2	1
Call · $24.5 In the money Last $5.77 Breakeven $30.27 Implied vol 628.5% Delta 0.968 ≈97% ITM Gamma 0.021 Theta -1.034 Vega 0 Open interest 7 Model this call Put · $24.5 Last $0.01 Breakeven $24.49 Implied vol 638.3% Delta -0.035 ≈3% ITM Gamma 0.022 Theta -1.114 Vega 0 Open interest 1 Model this put
10	7	573.3%	0.965	$4.58		$0.01	-0.095	810.6%	1	57
Call · $25 In the money Last $4.58 Breakeven $29.58 Implied vol 573.3% Delta 0.965 ≈97% ITM Gamma 0.025 Theta -1.006 Vega 0.001 Open interest 10 Model this call Put · $25 Last $0.01 Breakeven $24.99 Implied vol 810.6% Delta -0.095 ≈9% ITM Gamma 0.039 Theta -3.144 Vega 0.001 Open interest 57 Model this put
74	25	700%	0.909	$4.03		$0.01	-0.052	568.3%	9	11
Call · $25.5 In the money Last $4.03 Breakeven $29.53 Implied vol 700% Delta 0.909 ≈91% ITM Gamma 0.043 Theta -2.613 Vega 0.001 Open interest 74 Model this call Put · $25.5 Last $0.01 Breakeven $25.49 Implied vol 568.3% Delta -0.052 ≈5% ITM Gamma 0.035 Theta -1.378 Vega 0.001 Open interest 11 Model this put
108	21	870.2%	0.836	$4.09		$0.01	-0.019	386.1%	1	397
Call · $26 In the money Last $4.09 Breakeven $30.09 Implied vol 870.2% Delta 0.836 ≈84% ITM Gamma 0.053 Theta -4.94 Vega 0.001 Open interest 108 Model this call Put · $26 Last $0.01 Breakeven $25.99 Implied vol 386.1% Delta -0.019 ≈2% ITM Gamma 0.022 Theta -0.403 Vega 0 Open interest 397 Model this put
5	2	602.8%	0.883	$3.69		$0.01	-0.065	468.3%	1	419
Call · $26.5 In the money Last $3.69 Breakeven $30.19 Implied vol 602.8% Delta 0.883 ≈88% ITM Gamma 0.062 Theta -2.746 Vega 0.001 Open interest 5 Model this call Put · $26.5 Last $0.01 Breakeven $26.49 Implied vol 468.3% Delta -0.065 ≈7% ITM Gamma 0.051 Theta -1.38 Vega 0.001 Open interest 419 Model this put
61	2	—	—	$2.69		$0.01	-0.052	362.9%	8	470
Call · $27 In the money Last $2.69 Breakeven $29.69 Implied vol — Delta — Gamma — Theta — Vega — Open interest 61 Model this call Put · $27 Last $0.01 Breakeven $26.99 Implied vol 362.9% Delta -0.052 ≈5% ITM Gamma 0.055 Theta -0.891 Vega 0.001 Open interest 470 Model this put
35	27	333.4%	0.928	$2.59		$0.01	-0.272	890.9%	3	191
Call · $27.5 In the money Last $2.59 Breakeven $30.09 Implied vol 333.4% Delta 0.928 ≈93% ITM Gamma 0.078 Theta -1.056 Vega 0.001 Open interest 35 Model this call Put · $27.5 Last $0.01 Breakeven $27.49 Implied vol 890.9% Delta -0.272 ≈27% ITM Gamma 0.07 Theta -6.791 Vega 0.002 Open interest 191 Model this put
1.1k	52	216.8%	0.959	$1.96		$0.01	-0.144	361.9%	30	569
Call · $28 In the money Last $1.96 Breakeven $29.96 Implied vol 216.8% Delta 0.959 ≈96% ITM Gamma 0.075 Theta -0.433 Vega 0.001 Open interest 1.1k Model this call Put · $28 Last $0.01 Breakeven $27.99 Implied vol 361.9% Delta -0.144 ≈14% ITM Gamma 0.118 Theta -1.89 Vega 0.001 Open interest 569 Model this put
100	10	—	—	$1.45		$0.03	-0.141	261.4%	22	1.3k
Call · $28.5 In the money Last $1.45 Breakeven $29.95 Implied vol — Delta — Gamma — Theta — Vega — Open interest 100 Model this call Put · $28.5 Last $0.03 Breakeven $28.47 Implied vol 261.4% Delta -0.141 ≈14% ITM Gamma 0.161 Theta -1.352 Vega 0.001 Open interest 1.3k Model this put
190	56	—	—	$0.99		$0.01	-0.069	121.1%	54	646
Call · $29 In the money Last $0.99 Breakeven $29.99 Implied vol — Delta — Gamma — Theta — Vega — Open interest 190 Model this call Put · $29 Last $0.01 Breakeven $28.99 Implied vol 121.1% Delta -0.069 ≈7% ITM Gamma 0.206 Theta -0.371 Vega 0.001 Open interest 646 Model this put
77	22	—	—	$0.45		$0.01	-0.25	122%	58	155
Call · $29.5 In the money Last $0.45 Breakeven $29.95 Implied vol — Delta — Gamma — Theta — Vega — Open interest 77 Model this call Put · $29.5 Last $0.01 Breakeven $29.49 Implied vol 122% Delta -0.25 ≈25% ITM Gamma 0.49 Theta -0.895 Vega 0.002 Open interest 155 Model this put
415	364	29.7%	0.332	$0.03		$0.14	-0.594	53.9%	289	507
Call · $30 In the money Last $0.03 Breakeven $30.03 Implied vol 29.7% Delta 0.332 ≈33% ITM Gamma 2.3 Theta -0.249 Vega 0.002 Open interest 415 Model this call Put · $30 Last $0.14 Breakeven $29.86 Implied vol 53.9% Delta -0.594 ≈59% ITM Gamma 1.35 Theta -0.481 Vega 0.002 Open interest 507 Model this put
2.8k	198	85.6%	0.111	$0.01		$1.14	-0.761	147%	9	607
Call · $30.5 In the money Last $0.01 Breakeven $30.51 Implied vol 85.6% Delta 0.111 ≈11% ITM Gamma 0.414 Theta -0.372 Vega 0.001 Open interest 2.8k Model this call Put · $30.5 Last $1.14 Breakeven $29.36 Implied vol 147% Delta -0.761 ≈76% ITM Gamma 0.4 Theta -1.061 Vega 0.002 Open interest 607 Model this put
Underlying $30.90
712	40	157.5%	0.11	$0.01		$1.26	-0.729	307.2%	45	167
Call · $31 Last $0.01 Breakeven $31.01 Implied vol 157.5% Delta 0.11 ≈11% ITM Gamma 0.222 Theta -0.677 Vega 0.001 Open interest 712 Model this call Put · $31 In the money Last $1.26 Breakeven $29.74 Implied vol 307.2% Delta -0.729 ≈73% ITM Gamma 0.202 Theta -2.344 Vega 0.002 Open interest 167 Model this put
484	38	436.2%	0.269	$0.01		$1.83	-0.785	348%	32	63
Call · $31.5 Last $0.01 Breakeven $31.51 Implied vol 436.2% Delta 0.269 ≈27% ITM Gamma 0.142 Theta -3.321 Vega 0.002 Open interest 484 Model this call Put · $31.5 In the money Last $1.83 Breakeven $29.67 Implied vol 348% Delta -0.785 ≈78% ITM Gamma 0.158 Theta -2.349 Vega 0.001 Open interest 63 Model this put
1.2k	182	267.2%	0.084	$0.01		$2.35	-0.921	262%	14	97
Call · $32 Last $0.01 Breakeven $32.01 Implied vol 267.2% Delta 0.084 ≈8% ITM Gamma 0.108 Theta -0.944 Vega 0.001 Open interest 1.2k Model this call Put · $32 In the money Last $2.35 Breakeven $29.65 Implied vol 262% Delta -0.921 ≈92% ITM Gamma 0.105 Theta -0.887 Vega 0.001 Open interest 97 Model this put
315	26	629%	0.247	$0.01		$2.93	-0.736	667.6%	1	62
Call · $32.5 Last $0.01 Breakeven $32.51 Implied vol 629% Delta 0.247 ≈25% ITM Gamma 0.095 Theta -4.635 Vega 0.002 Open interest 315 Model this call Put · $32.5 In the money Last $2.93 Breakeven $29.57 Implied vol 667.6% Delta -0.736 ≈74% ITM Gamma 0.092 Theta -5.051 Vega 0.002 Open interest 62 Model this put
1.7k	6	383.5%	0.081	$0.01		$1.95	-0.762	705.2%	10	17
Call · $33 Last $0.01 Breakeven $33.01 Implied vol 383.5% Delta 0.081 ≈8% ITM Gamma 0.073 Theta -1.325 Vega 0.001 Open interest 1.7k Model this call Put · $33 In the money Last $1.95 Breakeven $31.05 Implied vol 705.2% Delta -0.762 ≈76% ITM Gamma 0.083 Theta -5.062 Vega 0.001 Open interest 17 Model this put
191	19	345.7%	0.034	$0.08		—	-0.698	1027.2%	—	0
Call · $33.5 Last $0.08 Breakeven $33.58 Implied vol 345.7% Delta 0.034 ≈3% ITM Gamma 0.041 Theta -0.606 Vega 0.001 Open interest 191 Model this call Put · $33.5 In the money Last — Breakeven — Implied vol 1027.2% Delta -0.698 ≈70% ITM Gamma 0.064 Theta -8.238 Vega 0.002 Open interest 0 Model this put
481	2	436.3%	0.056	$0.01		$3.15	-0.844	668.6%	40	0
Call · $34 Last $0.01 Breakeven $34.01 Implied vol 436.3% Delta 0.056 ≈6% ITM Gamma 0.048 Theta -1.117 Vega 0.001 Open interest 481 Model this call Put · $34 In the money Last $3.15 Breakeven $30.85 Implied vol 668.6% Delta -0.844 ≈84% ITM Gamma 0.067 Theta -3.696 Vega 0.002 Open interest 0 Model this put
60	20	474.9%	0.052	$0.01		$4.95	-0.786	902.9%	2	1
Call · $34.5 Last $0.01 Breakeven $34.51 Implied vol 474.9% Delta 0.052 ≈5% ITM Gamma 0.041 Theta -1.145 Vega 0.001 Open interest 60 Model this call Put · $34.5 In the money Last $4.95 Breakeven $29.55 Implied vol 902.9% Delta -0.786 ≈79% ITM Gamma 0.06 Theta -6.04 Vega 0.002 Open interest 1 Model this put
737	12	512.9%	0.048	$0.05		$5.39	-0.937	554.9%	3	0
Call · $35 Last $0.05 Breakeven $35.05 Implied vol 512.9% Delta 0.048 ≈5% ITM Gamma 0.036 Theta -1.174 Vega 0.001 Open interest 737 Model this call Put · $35 In the money Last $5.39 Breakeven $29.61 Implied vol 554.9% Delta -0.937 ≈94% ITM Gamma 0.042 Theta -1.575 Vega 0.001 Open interest 0 Model this put
132	1	587.3%	0.043	$0.01		$6.30	-0.784	1153.7%	1	0
Call · $36 Last $0.01 Breakeven $36.01 Implied vol 587.3% Delta 0.043 ≈4% ITM Gamma 0.029 Theta -1.231 Vega 0.001 Open interest 132 Model this call Put · $36 In the money Last $6.30 Breakeven $29.70 Implied vol 1153.7% Delta -0.784 ≈78% ITM Gamma 0.047 Theta -7.759 Vega 0.002 Open interest 0 Model this put
152	10	542.6%	0.015	$0.07		$7.35	-0.961	659.6%	2	0
Call · $37 Last $0.07 Breakeven $37.07 Implied vol 542.6% Delta 0.015 ≈1% ITM Gamma 0.013 Theta -0.462 Vega 0 Open interest 152 Model this call Put · $37 In the money Last $7.35 Breakeven $29.65 Implied vol 659.6% Delta -0.961 ≈96% ITM Gamma 0.024 Theta -1.288 Vega 0.001 Open interest 0 Model this put
237	16	859.5%	0.069	$0.02		$8.47	-0.876	1063%	1	0
Call · $38 Last $0.02 Breakeven $38.02 Implied vol 859.5% Delta 0.069 ≈7% ITM Gamma 0.029 Theta -2.628 Vega 0.001 Open interest 237 Model this call Put · $38 In the money Last $8.47 Breakeven $29.53 Implied vol 1063% Delta -0.876 ≈88% ITM Gamma 0.036 Theta -4.984 Vega 0.001 Open interest 0 Model this put
34	1	894.6%	0.058	$0.37		$8.01	-0.815	1440.7%	3	0
Call · $39 Last $0.37 Breakeven $39.37 Implied vol 894.6% Delta 0.058 ≈6% ITM Gamma 0.024 Theta -2.364 Vega 0.001 Open interest 34 Model this call Put · $39 In the money Last $8.01 Breakeven $30.99 Implied vol 1440.7% Delta -0.815 ≈82% ITM Gamma 0.035 Theta -8.833 Vega 0.002 Open interest 0 Model this put
88	1	1107.7%	0.083	$0.01		$8.92	-0.823	1531.7%	1	1
Call · $40 Last $0.01 Breakeven $40.01 Implied vol 1107.7% Delta 0.083 ≈8% ITM Gamma 0.026 Theta -3.923 Vega 0.001 Open interest 88 Model this call Put · $40 In the money Last $8.92 Breakeven $31.08 Implied vol 1531.7% Delta -0.823 ≈82% ITM Gamma 0.032 Theta -9.189 Vega 0.002 Open interest 1 Model this put
11	2	1669%	0.182	$0.09		$10.25	-0.899	1269.3%	1	0
Call · $41 Last $0.09 Breakeven $41.09 Implied vol 1669% Delta 0.182 ≈18% ITM Gamma 0.03 Theta -10.167 Vega 0.002 Open interest 11 Model this call Put · $41 In the money Last $10.25 Breakeven $30.75 Implied vol 1269.3% Delta -0.899 ≈90% ITM Gamma 0.026 Theta -5.15 Vega 0.001 Open interest 0 Model this put
4	2	1494.6%	0.13	$0.01		$12.78	-0.845	1633.7%	2	0
Call · $42 Last $0.01 Breakeven $42.01 Implied vol 1494.6% Delta 0.13 ≈13% ITM Gamma 0.026 Theta -7.224 Vega 0.001 Open interest 4 Model this call Put · $42 In the money Last $12.78 Breakeven $29.22 Implied vol 1633.7% Delta -0.845 ≈85% ITM Gamma 0.027 Theta -8.977 Vega 0.001 Open interest 0 Model this put
65	30	1377.4%	0.085	$0.33		$13.68	-0.878	1546.5%	2	0
Call · $43 Last $0.33 Breakeven $43.33 Implied vol 1377.4% Delta 0.085 ≈9% ITM Gamma 0.021 Theta -4.99 Vega 0.001 Open interest 65 Model this call Put · $43 In the money Last $13.68 Breakeven $29.32 Implied vol 1546.5% Delta -0.878 ≈88% ITM Gamma 0.024 Theta -7.146 Vega 0.001 Open interest 0 Model this put
1	2	929.2%	0.012	$0.01		$14.52	-0.914	1457.5%	1	0
Call · $44 Last $0.01 Breakeven $44.01 Implied vol 929.2% Delta 0.012 ≈1% ITM Gamma 0.006 Theta -0.654 Vega 0 Open interest 1 Model this call Put · $44 In the money Last $14.52 Breakeven $29.48 Implied vol 1457.5% Delta -0.914 ≈91% ITM Gamma 0.02 Theta -5.285 Vega 0.001 Open interest 0 Model this put
36	2	1416.1%	0.069	$0.01		$15.42	-0.907	1573.1%	1	0
Call · $45 Last $0.01 Breakeven $45.01 Implied vol 1416.1% Delta 0.069 ≈7% ITM Gamma 0.017 Theta -4.3 Vega 0.001 Open interest 36 Model this call Put · $45 In the money Last $15.42 Breakeven $29.58 Implied vol 1573.1% Delta -0.907 ≈91% ITM Gamma 0.02 Theta -6.026 Vega 0.001 Open interest 0 Model this put
4	2	—	—	$0.05		$20.27	-0.914	1883.2%	6	0
Call · $50 Last $0.05 Breakeven $50.05 Implied vol — Delta — Gamma — Theta — Vega — Open interest 4 Model this call Put · $50 In the money Last $20.27 Breakeven $29.73 Implied vol 1883.2% Delta -0.914 ≈91% ITM Gamma 0.016 Theta -6.808 Vega 0.001 Open interest 0 Model this put

About this data

Greeks, implied volatility, open interest and the last price come from the latest daily snapshot and are 15-minute delayed. Bid and ask are not included on this plan.

In-the-money strikes are tinted, deepening toward the money, and the bar beside each open-interest figure scales to the heaviest strike shown. The 25 strikes around the money are shown by default — switch to "All 41" for the wings. Max pain is the listed strike where the most open interest would expire worthless — a positioning reference, not a forecast.

Key facts CIK 1751788 CUSIP 260557103 13F (30d) 311 filings 302 filers Visit website Investor relations