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

Analyze the complete ENPH 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 ENPH.

Latest Data: 2026-10-13 (EDT)

Max Pain Price

Exp: 2026-10-23

Gamma Flip

36.39

Gamma Flip (≈60 days)

Put/Call OI Ratio

2.602

Shows put vs call positioning

IV Skew

-5.04

Put–call IV difference

Max Pain Price Volatility

σ = 12.49

high 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

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 -0.507(bullish). Bullish, momentum neutral or unclear.

Options Terrain Outlook (3-Month)

Options structure allows for directional movement, but with elevated volatility and less predictable follow-through. Volatility conditions remain relatively smooth. Options constraints exert a moderate influence on price behavior. Once a directional move forms, continuation appears relatively easy. Structural sensitivity is elevated around the 2027-01-15 options expiry. 100% confidence

The support levels for ENPH are at 31.52, 30.75, and 26.68, while the resistance levels are at 32.54, 33.31, and 37.38. The pivot point, a key reference price for traders, is at 37.00.

Short-Term Options-Implied Price Range & Flow Structure (DTE: 10)

Based on the latest options positioning (DTE 10), the ATM straddle implies a standardized 2.69% 1-day move.

The expected range for the next 10 days is 30.98 — 35.22 , corresponding to +9.96% / -3.29% .

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 37.42 (16.81% above spot).

Bearish positioning points to downside pressure toward 30.51 (4.75% below spot).

Options flow strength: 0.64 (0–1 scale). ATM Strike: 32.00, Call: 1.37, Put: 1.35, Straddle Cost: 2.72.

Price moves may extend once a direction forms. The short-term gamma flip is near 33.67 , with intermediate positioning around 36.39 . The mid-term gamma flip remains near 38.46.