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.
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 0.58(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 elevated, implying wider and less stable price swings. 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
Short-Term Options-Implied Price Range & Flow Structure (DTE: 21)
Based on the latest options positioning (DTE 21), the ATM straddle implies a standardized 1.02% 1-day move.
The expected range for the next 21 days is 86.89 — 92.92 , corresponding to +3.01% / -3.68% .
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 94.58 (4.85% above spot).
Bearish positioning points to downside pressure toward 84.79 (6.01% below spot).
Options flow strength: 0.72 (0–1 scale). ATM Strike: 90.00, Call: 2.33, Put: 1.90, Straddle Cost: 4.22.
Price moves are likely to stay range-bound. The short-term gamma flip is near 85.00 , with intermediate positioning around 84.75 . The mid-term gamma flip remains near 82.27.