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

Analyze the complete EQNR 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 EQNR.

Latest Data: 2026-10-13 (EDT)

Max Pain Price

Exp: 2026-10-16

Gamma Flip

42.44

Gamma Flip (≈60 days)

Put/Call OI Ratio

0.502

Shows put vs call positioning

IV Skew

-1.92

Put–call IV difference

Max Pain Price Volatility

σ = 5.13

medium 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: 62%

Current DPI is 0.886(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 2026-10-16 options expiry. 100% confidence

The support levels for EQNR are at 44.78, 44.43, and 43.54, while the resistance levels are at 45.26, 45.61, and 46.50. The pivot point, a key reference price for traders, is at 41.00.

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

Based on the latest options positioning (DTE 3), the ATM straddle implies a standardized 1.64% 1-day move.

The expected range for the next 3 days is 40.39 — 47.88 , corresponding to +6.34% / -10.29% .

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 49.79 (10.60% above spot).

Bearish positioning points to downside pressure toward 37.08 (17.63% below spot).

Options flow strength: 0.67 (0–1 scale). ATM Strike: 45.00, Call: 0.72, Put: 0.55, Straddle Cost: 1.27.

Price moves are likely to stay range-bound. The short-term gamma flip is near 42.42 , with intermediate positioning around 42.44 . The mid-term gamma flip remains near 42.44.