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

Analyze the complete EC 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 EC.

Latest Data: 2026-08-28 (EDT)

Max Pain Price

Exp: 2026-09-18

Gamma Flip

16.43

Gamma Flip (≈60 days)

Put/Call OI Ratio

0.241

Shows put vs call positioning

IV Skew

2.80

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: 100%

Current DPI is 0.125(neutral). ⏳ Neutral accumulation, DPI neutral, but makers are actively building 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. 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 EC are at 16.35, 16.13, and 15.44, while the resistance levels are at 16.65, 16.87, and 17.56. The pivot point, a key reference price for traders, is at 18.00.

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

Based on the latest options positioning (DTE 21), the ATM straddle implies a standardized 1.52% 1-day move.

The expected range for the next 21 days is 16.02 — 17.36 , corresponding to +5.23% / -2.94% .

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 18.00 (9.09% above spot).

Bearish positioning points to downside pressure toward 15.71 (4.77% below spot).

Options flow strength: 0.54 (0–1 scale). ATM Strike: 16.00, Call: 0.80, Put: 0.35, Straddle Cost: 1.15.

Market signals are mixed and less reliable. The short-term gamma flip is near 11.26 , with intermediate positioning around 16.43 .