ETN Options Chain — Open Interest, Implied Volatility, Max Pain & Gamma Exposure
Analyze the complete ETN 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 ETN.
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: 83%
Current DPI is 0.654(bullish). Bullish, momentum neutral or unclear. Trend approaching turning point (Momentum Deceleration) with Low Saturation Gamma saturation
Options Terrain Outlook (3-Month)
Options structure allows for directional movement, but with elevated volatility and less predictable follow-through. Volatility conditions are elevated, implying wider and less stable price swings. Options constraints exert a moderate influence on price behavior. Directional moves may struggle to sustain follow-through. Structural sensitivity is elevated around the 2026-10-16 options expiry. 100% confidence
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 0.70.
Based on the latest options positioning (DTE 1), the ATM straddle implies a standardized 2.02% 1-day move.
The expected range for the next 1 days is 418.37 — 446.90 , corresponding to +2.20% / -4.33% .
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 450.61 (3.05% above spot).
Bearish positioning points to downside pressure toward 407.53 (6.80% below spot).
Options flow strength: 0.69 (0–1 scale). ATM Strike: 437.50, Call: 4.50, Put: 4.35, Straddle Cost: 8.85.
Price moves are likely to stay range-bound. The short-term gamma flip is near 433.88 , with intermediate positioning around 433.82 . The mid-term gamma flip remains near 433.42.