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

Analyze the complete ET 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 ET.

Latest Data: 2026-10-01 (EDT)

Max Pain Price

Exp: 2026-10-02

Gamma Flip

19.61

Gamma Flip (≈60 days)

Put/Call OI Ratio

0.206

Shows put vs call positioning

IV Skew

4.37

Put–call IV difference

Max Pain Price Volatility

σ = 5.00

low 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

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 0.754(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. Directional moves may struggle to sustain follow-through. Structural sensitivity is elevated around the 2027-01-15 options expiry. 100% confidence

The support levels for ET are at 20.03, 19.93, and 19.74, while the resistance levels are at 20.17, 20.27, and 20.46. The pivot point, a key reference price for traders, is at 22.00.

Short-Term Options-Implied Price Range & Flow Structure (DTE: 1)

Expiry 2026-10-02 (DTE 1): Pinning structure with suppressed volatility. Option flow bias is neutral (-0.10), pin strength 0.80.

Based on the latest options positioning (DTE 1), the ATM straddle implies a standardized 1.19% 1-day move.

The expected range for the next 1 days is 19.30 — 20.75 , corresponding to +3.24% / -3.96% .

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 21.24 (5.67% above spot).

Bearish positioning points to downside pressure toward 18.68 (7.08% below spot).

Options flow strength: 0.46 (0–1 scale). ATM Strike: 20.00, Call: 0.17, Put: 0.07, Straddle Cost: 0.24.

Price moves are likely to stay range-bound. The short-term gamma flip is near 19.64 , with intermediate positioning around 19.61 . The mid-term gamma flip remains near 19.50.