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

Analyze the complete EW 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 EW.

Latest Data: 2026-10-13 (EDT)

Max Pain Price

92.5

Exp: 2026-10-16

Gamma Flip

85.57

Gamma Flip (≈60 days)

Put/Call OI Ratio

1.022

Shows put vs call positioning

IV Skew

-5.88

Put–call IV difference

Max Pain Price Volatility

σ = 11.10

medium 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

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 0.11(bearish). Bearish, momentum neutral or unclear.

Options Terrain Outlook (3-Month)

The market is positioned near a structural transition zone, where options exposure may shift the prevailing trading regime. Volatility conditions remain relatively smooth. Price action is strongly influenced by existing options constraints. Once a directional move forms, continuation appears relatively easy. Structural sensitivity is elevated around the 2026-11-20 options expiry. 90% confidence

The support levels for EW are at 84.78, 84.05, and 82.29, while the resistance levels are at 85.76, 86.49, and 88.25. The pivot point, a key reference price for traders, is at 92.50.

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

Based on the latest options positioning (DTE 3), the ATM straddle implies a standardized 1.29% 1-day move.

The expected range for the next 3 days is 84.43 — 89.97 , corresponding to +5.51% / -0.98% .

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 93.37 (9.50% above spot).

Bearish positioning points to downside pressure toward 84.25 (1.20% below spot).

Options flow strength: 0.61 (0–1 scale). ATM Strike: 85.00, Call: 1.18, Put: 0.73, Straddle Cost: 1.90.

Price moves may extend once a direction forms. The short-term gamma flip is near 121.94 , with intermediate positioning around 85.57 . The mid-term gamma flip remains near 85.53.