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

Analyze the complete CDE 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 CDE.

Latest Data: 2026-07-20 (EDT)

Max Pain Price

Exp: 2026-07-24

Gamma Flip

16.13

Gamma Flip (≈60 days)

Put/Call OI Ratio

1.059

Shows put vs call positioning

IV Skew

-7.03

Put–call IV difference

Max Pain Price Volatility

σ = 5.00

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: 50%

Current DPI is -0.297(neutral). ⏳ Neutral distribution, DPI neutral, but makers are actively shedding positions.

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. Once a directional move forms, continuation appears relatively easy. Structural sensitivity is elevated around the 2026-09-18 options expiry. 100% confidence

The support levels for CDE are at 13.89, 13.47, and 10.87, while the resistance levels are at 14.43, 14.85, and 17.45. The pivot point, a key reference price for traders, is at 18.00.

Short-Term Options-Implied Price Range & Flow Structure (DTE: 4)

Based on the latest options positioning (DTE 4), the ATM straddle implies a standardized 3.18% 1-day move.

The expected range for the next 4 days is 13.84 — 15.55 , corresponding to +9.79% / -2.25% .

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 16.52 (16.68% above spot).

Bearish positioning points to downside pressure toward 13.79 (2.63% below spot).

Options flow strength: 0.57 (0–1 scale). ATM Strike: 14.00, Call: 0.55, Put: 0.35, Straddle Cost: 0.90.

Price moves may extend once a direction forms. The short-term gamma flip is near 16.21 , with intermediate positioning around 16.13 . The mid-term gamma flip remains near 16.13.