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.
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 -0.081(bullish). Bullish, 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 elevated, implying wider and less stable price swings. Options constraints exert a moderate influence on price behavior. Directional continuation remains uncertain and selective. Structural sensitivity is elevated around the 2026-10-16 options expiry. 90% 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 0.71% 1-day move.
The expected range for the next 21 days is 49.85 — 53.16 , corresponding to +5.90% / -0.70% .
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 55.40 (10.36% above spot).
Bearish positioning points to downside pressure toward 49.72 (0.96% below spot).
Options flow strength: 0.63 (0–1 scale). ATM Strike: 50.00, Call: 0.90, Put: 0.73, Straddle Cost: 1.62.
Price moves may extend once a direction forms. The short-term gamma flip is near 51.01 , with intermediate positioning around 51.30 . The mid-term gamma flip remains near 51.27.