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

Analyze the complete ENB 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 ENB.

Latest Data: 2026-02-06 (EDT)

Max Pain Price

Exp: 2026-02-20

Gamma Flip

62.23

Gamma Flip (≈60 days)

Put/Call OI Ratio

0.330

Shows put vs call positioning

IV Skew

6.38

Put–call IV difference

Max Pain Price Volatility

σ = 0.00

low volatility

Confidence 35%

Near-Term Options-Derived Market Structure

BEARISH BIAS

Reflecting options positioning and volatility conditions over the coming sessions.

A slight bearish tilt is visible, though the signal is weak and insufficient for a strong directional call. 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 0.855(strong-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. Price action is strongly influenced by existing options constraints. Once a directional move forms, continuation appears relatively easy. Structural sensitivity is elevated around the 2026-02-20 options expiry. 90% confidence

The support levels for ENB are at 49.97, 49.55, and 48.74, while the resistance levels are at 50.67, 51.09, and 51.90. The pivot point, a key reference price for traders, is at 50.00.

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

Based on the latest options positioning (DTE 14), the ATM straddle implies a standardized 0.93% 1-day move.

The expected range for the next 14 days is 48.65 — 51.63 , corresponding to +2.60% / -3.33% .

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 52.58 (4.49% above spot).

Bearish positioning points to downside pressure toward 47.36 (5.88% below spot).

Options flow strength: 0.51 (0–1 scale). ATM Strike: 50.00, Call: 0.82, Put: 0.93, Straddle Cost: 1.75.

Short-term moves may occur, but follow-through is uncertain. The short-term gamma flip is near 64.15 , with intermediate positioning around 62.23 . The mid-term gamma flip remains near 45.34.