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

Analyze the complete EVRG 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 EVRG.

Latest Data: 2026-08-28 (EDT)

Max Pain Price

87.5

Exp: 2026-09-18

Gamma Flip

81.19

Gamma Flip (≈60 days)

Put/Call OI Ratio

0.628

Shows put vs call positioning

IV Skew

-6.84

Put–call IV difference

Max Pain Price Volatility

σ = 5.00

low volatility

Confidence 50%

Near-Term Options-Derived Market Structure

BULLISH BIAS

Reflecting options positioning and volatility conditions over the coming sessions.

The options data shows a moderate bullish tilt. There is some directional support, though momentum remains limited. Options Chian

Looking only at the put-side activity, there is a bearish directional push. This suggests some traders are actively betting on downside. Confidence: 60%

Current DPI is -0.079(strong-bearish). Bearish, 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. Price action is strongly influenced by existing options constraints. Directional continuation remains uncertain and selective. Structural sensitivity is elevated around the 2026-09-18 options expiry. 100% confidence

The support levels for EVRG are at 80.37, 79.96, and 79.23, while the resistance levels are at 80.93, 81.34, and 82.07. The pivot point, a key reference price for traders, is at 87.50.

Short-Term Options-Implied Price Range & Flow Structure (DTE: 21)

Based on the latest options positioning (DTE 21), the ATM straddle implies a standardized 0.83% 1-day move.

The expected range for the next 21 days is 76.87 — 84.06 , corresponding to +4.23% / -4.68% .

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 86.70 (7.50% above spot).

Bearish positioning points to downside pressure toward 73.92 (8.35% below spot).

Options flow strength: 0.56 (0–1 scale). ATM Strike: 80.00, Call: 2.15, Put: 0.93, Straddle Cost: 3.08.

Price moves may extend once a direction forms. The short-term gamma flip is near 81.11 , with intermediate positioning around 81.19 . The mid-term gamma flip remains near 81.19.