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

Analyze the complete CIG 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 CIG.

Latest Data: 2026-08-28 (EDT)
Max Pain Price
2.5
Exp: 2026-09-18
Gamma Flip
N/A
Gamma Flip (≈60 days)
Put/Call OI Ratio
0.278
Shows put vs call positioning
IV Skew
18.24
Put–call IV difference
Max Pain Price Volatility
σ = 5.00
low volatility
Confidence 52%

Near-Term Options-Derived Market Structure

BULLISH BIAS

Reflecting options positioning and volatility conditions over the coming sessions.

The options data shows a moderate bullish tilt. There is some directional support, though momentum remains limited. 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: 78%

Current DPI is 0.286(strong-bullish). Bullish, 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 2026-09-18 options expiry. 100% confidence

The support levels for CIG are at 1.98, 1.96, and 1.92, while the resistance levels are at 2.00, 2.02, and 2.06. The pivot point, a key reference price for traders, is at 2.50.

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

Based on the latest options positioning (DTE 21), the ATM straddle implies a standardized 0.66% 1-day move.


The expected range for the next 21 days is 1.98 2.23 , corresponding to +11.90% / -0.53% .

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 2.48 (24.54% above spot).

Bearish positioning points to downside pressure toward 1.98 (0.66% below spot).


Options flow strength: 0.32 (0–1 scale). ATM Strike: 2.00, Call: 0.01, Put: 0.05, Straddle Cost: 0.06.


Market signals are mixed and less reliable. The short-term gamma flip is near 1.61 .