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

Analyze the complete ERIC 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 ERIC.

Latest Data: 2026-07-20 (EDT)

Max Pain Price

Exp: 2026-08-21

Gamma Flip

N/A

Gamma Flip (≈60 days)

Put/Call OI Ratio

1.239

Shows put vs call positioning

IV Skew

0.18

Put–call IV difference

Max Pain Price Volatility

σ = 5.00

low volatility

Confidence 40%

Near-Term Options-Derived Market Structure

NEUTRAL OUTLOOK

Reflecting options positioning and volatility conditions over the coming sessions.

Neutral positioning with only partial factor alignment, indicating a balanced but less predictable environment. 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: 64%

Current DPI is -0.687(neutral). ⏳ Neutral distribution, DPI neutral, but makers are actively shedding positions.

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. Directional moves may struggle to sustain follow-through. Structural sensitivity is elevated around the 2026-08-21 options expiry. 100% confidence

The support levels for ERIC are at 9.48, 9.31, and 8.59, while the resistance levels are at 9.70, 9.87, and 10.59. The pivot point, a key reference price for traders, is at 11.00.

Short-Term Options-Implied Price Range & Flow Structure (DTE: 32)

Based on the latest options positioning (DTE 32), the ATM straddle implies a standardized 1.80% 1-day move.

The expected range for the next 32 days is 9.23 — 10.37 , corresponding to +8.13% / -3.71% .

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 11.02 (14.90% above spot).

Bearish positioning points to downside pressure toward 8.99 (6.25% below spot).

Options flow strength: 0.46 (0–1 scale). ATM Strike: 10.00, Call: 0.25, Put: 0.73, Straddle Cost: 0.98.

Market signals are mixed and less reliable. The short-term gamma flip is near 6.71 .