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: 2026-02-06 (EDT)

Max Pain Price

77.5

Exp: 2026-02-20

Gamma Flip

72.02

Gamma Flip (≈60 days)

Put/Call OI Ratio

0.374

Shows put vs call positioning

IV Skew

7.46

Put–call IV difference

Max Pain Price Volatility

σ = 0.00

low volatility

Confidence 50%

Near-Term Options-Derived Market Structure

BEARISH BIAS

Reflecting options positioning and volatility conditions over the coming sessions.

The options structure reflects a moderate bearish bias. Downside factors are present but not dominant. 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: 65%

Current DPI is 0.769(strong-bearish). Bearish, momentum neutral or unclear.

Options Terrain Outlook (3-Month)

Options positioning suggests a structurally constrained trading environment, where price movements are more likely to stall or mean-revert rather than extend. Volatility conditions are moderately choppy. Price action is strongly influenced by existing options constraints. Directional moves may struggle to sustain follow-through. Structural sensitivity is elevated around the 2026-03-20 options expiry. 90% confidence

The support levels for EVRG are at 76.21, 75.56, and 74.32, while the resistance levels are at 77.29, 77.94, and 79.18. The pivot point, a key reference price for traders, is at 77.50.

Short-Term Options-Implied Price Range & Flow Structure (DTE: 14)

Based on the latest options positioning (DTE 14), the ATM straddle implies a standardized 1.13% 1-day move.

The expected range for the next 14 days is 74.60 — 77.38 , corresponding to +0.82% / -2.80% .

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 77.51 (0.98% above spot).

Bearish positioning points to downside pressure toward 73.26 (4.55% below spot).

Options flow strength: 0.64 (0–1 scale). ATM Strike: 77.50, Call: 1.44, Put: 1.80, Straddle Cost: 3.24.

Price moves are likely to stay range-bound. The short-term gamma flip is near 71.42 , with intermediate positioning around 72.02 . The mid-term gamma flip remains near 72.02.