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.

Latest Data: 2026-08-17 (EDT)

Max Pain Price

370

Exp: 2026-08-21

Gamma Flip

403.54

Gamma Flip (≈60 days)

Put/Call OI Ratio

0.689

Shows put vs call positioning

IV Skew

-4.01

Put–call IV difference

Max Pain Price Volatility

σ = 36.31

high volatility

Confidence 39%

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 0.878(neutral). ⏳ Neutral accumulation, DPI neutral, but makers are actively building positions.

Options Terrain Outlook (3-Month)

Options structure allows for directional movement, but with elevated volatility and less predictable follow-through. Volatility conditions are moderately choppy. Options constraints exert a moderate influence on price behavior. Directional moves may struggle to sustain follow-through. Structural sensitivity is elevated around the 2026-09-18 options expiry. 100% confidence

The support levels for ETN are at 449.46, 442.33, and 414.29, while the resistance levels are at 461.34, 468.47, and 496.51. The pivot point, a key reference price for traders, is at 370.00.

Short-Term Options-Implied Price Range & Flow Structure (DTE: 4)

Based on the latest options positioning (DTE 4), the ATM straddle implies a standardized 1.60% 1-day move.

The expected range for the next 4 days is 430.17 — 470.57 , corresponding to +3.33% / -5.54% .

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 478.45 (5.06% above spot).

Bearish positioning points to downside pressure toward 415.38 (8.79% below spot).

Options flow strength: 0.80 (0–1 scale). ATM Strike: 455.00, Call: 8.10, Put: 6.45, Straddle Cost: 14.55.

Price moves are likely to stay range-bound. The short-term gamma flip is near 405.02 , with intermediate positioning around 403.54 . The mid-term gamma flip remains near 403.54.