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

Analyze the complete ETR 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 ETR.

Latest Data: 2026-07-14 (EDT)

Max Pain Price

120

Exp: 2026-07-17

Gamma Flip

111.59

Gamma Flip (≈60 days)

Put/Call OI Ratio

0.231

Shows put vs call positioning

IV Skew

5.24

Put–call IV difference

Max Pain Price Volatility

σ = 7.45

medium 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 0.79(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 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 ETR are at 114.94, 114.23, and 112.94, while the resistance levels are at 115.88, 116.59, and 117.88. The pivot point, a key reference price for traders, is at 120.00.

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

Based on the latest options positioning (DTE 3), the ATM straddle implies a standardized 1.19% 1-day move.

The expected range for the next 3 days is 111.52 — 118.41 , corresponding to +2.60% / -3.37% .

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 120.41 (4.34% above spot).

Bearish positioning points to downside pressure toward 108.72 (5.80% below spot).

Options flow strength: 0.52 (0–1 scale). ATM Strike: 115.00, Call: 1.48, Put: 0.90, Straddle Cost: 2.38.

Price moves are likely to stay range-bound. The short-term gamma flip is near 112.53 , with intermediate positioning around 111.59 . The mid-term gamma flip remains near 100.92.