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

Analyze the complete ED 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 ED.

Latest Data: 2026-02-06 (EDT)

Max Pain Price

105

Exp: 2026-02-20

Gamma Flip

101.60

Gamma Flip (≈60 days)

Put/Call OI Ratio

0.430

Shows put vs call positioning

IV Skew

0.52

Put–call IV difference

Max Pain Price Volatility

σ = 0.00

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: 67%

Current DPI is 0.862(strong-bearish). Bearish, momentum neutral or unclear.

Options Terrain Outlook (3-Month)

Options positioning suggests a structurally constrained trading environment, where price movements are more likely to stall or mean-revert rather than extend. Volatility conditions are moderately choppy. Price action is strongly influenced by existing options constraints. Directional moves may struggle to sustain follow-through. Structural sensitivity is elevated around the 2026-02-20 options expiry. 90% confidence

The support levels for ED are at 106.51, 105.52, and 103.35, while the resistance levels are at 108.17, 109.16, and 111.33. The pivot point, a key reference price for traders, is at 105.00.

Short-Term Options-Implied Price Range & Flow Structure (DTE: 14)

Based on the latest options positioning (DTE 14), the ATM straddle implies a standardized 1.06% 1-day move.

The expected range for the next 14 days is 103.27 — 109.32 , corresponding to +1.84% / -3.79% .

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 110.39 (2.84% above spot).

Bearish positioning points to downside pressure toward 100.55 (6.32% below spot).

Options flow strength: 0.66 (0–1 scale). ATM Strike: 105.00, Call: 3.12, Put: 1.15, Straddle Cost: 4.28.

Price moves are likely to stay range-bound. The short-term gamma flip is near 101.79 , with intermediate positioning around 101.60 . The mid-term gamma flip remains near 101.60.