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.

Latest Data: 2026-07-14 (EDT)

Max Pain Price

Exp: 2026-07-17

Gamma Flip

34.52

Gamma Flip (≈60 days)

Put/Call OI Ratio

0.152

Shows put vs call positioning

IV Skew

1.42

Put–call IV difference

Max Pain Price Volatility

σ = 5.00

low volatility

Confidence 50%

Near-Term Options-Derived Market Structure

BEARISH BIAS

Reflecting options positioning and volatility conditions over the coming sessions.

The options structure reflects a moderate bearish bias. Downside factors are present but not dominant. 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: 62%

Current DPI is 0.893(bearish). Bearish, momentum neutral or unclear.

Options Terrain Outlook (3-Month)

The market is positioned near a structural transition zone, where options exposure may shift the prevailing trading regime. 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 2026-07-17 options expiry. 100% confidence

The support levels for CNP are at 43.60, 43.35, and 42.88, while the resistance levels are at 43.92, 44.17, and 44.64. The pivot point, a key reference price for traders, is at 44.00.

Short-Term Options-Implied Price Range & Flow Structure (DTE: 3)

Based on the latest options positioning (DTE 3), the ATM straddle implies a standardized 1.81% 1-day move.

The expected range for the next 3 days is 42.69 — 44.19 , corresponding to +0.99% / -2.44% .

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 44.19 (0.97% above spot).

Bearish positioning points to downside pressure toward 42.19 (3.60% below spot).

Options flow strength: 0.64 (0–1 scale). ATM Strike: 44.00, Call: 0.78, Put: 0.60, Straddle Cost: 1.38.

Short-term moves may occur, but follow-through is uncertain. The short-term gamma flip is near 68.83 , with intermediate positioning around 34.52 . The mid-term gamma flip remains near 34.52.