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: 2026-07-14 (EDT)

Max Pain Price

57.5

Exp: 2026-07-17

Gamma Flip

54.04

Gamma Flip (≈60 days)

Put/Call OI Ratio

0.373

Shows put vs call positioning

IV Skew

2.45

Put–call IV difference

Max Pain Price Volatility

σ = 5.00

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 0.817(strong-bullish). Bullish, 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 2026-07-17 options expiry. 100% confidence

The support levels for ENB are at 55.70, 55.41, and 54.89, while the resistance levels are at 56.08, 56.37, and 56.89. The pivot point, a key reference price for traders, is at 57.50.

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

Based on the latest options positioning (DTE 3), the ATM straddle implies a standardized 1.16% 1-day move.

The expected range for the next 3 days is 54.22 — 58.50 , corresponding to +4.67% / -2.98% .

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 60.37 (8.02% above spot).

Bearish positioning points to downside pressure toward 53.14 (4.92% below spot).

Options flow strength: 0.61 (0–1 scale). ATM Strike: 55.00, Call: 0.95, Put: 0.17, Straddle Cost: 1.12.

Price moves are likely to stay range-bound. The short-term gamma flip is near 51.02 , with intermediate positioning around 54.04 . The mid-term gamma flip remains near 51.91.