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

Analyze the complete AES 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 AES.

Latest Data: 2026-08-28 (EDT)

Max Pain Price

Exp: 2026-09-18

Gamma Flip

12.43

Gamma Flip (≈60 days)

Put/Call OI Ratio

1.165

Shows put vs call positioning

IV Skew

2.97

Put–call IV difference

Max Pain Price Volatility

σ = 5.00

low volatility

Confidence 40%

Near-Term Options-Derived Market Structure

NEUTRAL OUTLOOK

Reflecting options positioning and volatility conditions over the coming sessions.

Neutral positioning with only partial factor alignment, indicating a balanced but less predictable environment. 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: 60%

Current DPI is -0.208(strong-bearish). Bearish, momentum neutral or unclear.

Options Terrain Outlook (3-Month)

Options positioning suggests a structurally constrained trading environment, where price movements are more likely to stall or mean-revert rather than extend. Volatility conditions are moderately choppy. Price action is strongly influenced by existing options constraints. Directional moves may struggle to sustain follow-through. Structural sensitivity is elevated around the 2027-01-15 options expiry. 90% confidence

The support levels for AES are at 14.70, 14.65, and 14.60, while the resistance levels are at 14.76, 14.81, and 14.86. The pivot point, a key reference price for traders, is at 15.00.

Short-Term Options-Implied Price Range & Flow Structure (DTE: 21)

Based on the latest options positioning (DTE 21), the ATM straddle implies a standardized 0.43% 1-day move.

The expected range for the next 21 days is 14.25 — 14.89 , corresponding to +1.08% / -3.27% .

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 15.01 (1.88% above spot).

Bearish positioning points to downside pressure toward 13.82 (6.19% below spot).

Options flow strength: 0.45 (0–1 scale). ATM Strike: 15.00, Call: 0.01, Put: 0.28, Straddle Cost: 0.29.

Market signals are mixed and less reliable. The short-term gamma flip is near 12.42 , with intermediate positioning around 12.43 .