CNP Options Chain — Open Interest, Implied Volatility, Max Pain & Gamma Exposure
Analyze the complete CNP 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 CNP.
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
Looking only at the put-side activity, there is a bearish directional push. This suggests some traders are actively betting on downside. Confidence: 67%
Current DPI is -0.028(bearish). Bearish, 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 elevated, implying wider and less stable price swings. 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
Short-Term Options-Implied Price Range & Flow Structure (DTE: 21)
Based on the latest options positioning (DTE 21), the ATM straddle implies a standardized 0.96% 1-day move.
The expected range for the next 21 days is 38.89 — 41.32 , corresponding to +5.29% / -0.90% .
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 42.88 (9.28% above spot).
Bearish positioning points to downside pressure toward 38.77 (1.21% below spot).
Options flow strength: 0.60 (0–1 scale). ATM Strike: 39.00, Call: 1.15, Put: 0.57, Straddle Cost: 1.72.
Market signals are mixed and less reliable. No short-term gamma flip is observed , with intermediate positioning around 39.66 . The mid-term gamma flip remains near 39.62.