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

Analyze the complete FE 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 FE.

Latest Data: 2026-10-13 (EDT)

Max Pain Price

Exp: 2026-10-16

Gamma Flip

36.55

Gamma Flip (≈60 days)

Put/Call OI Ratio

0.548

Shows put vs call positioning

IV Skew

0.87

Put–call IV difference

Max Pain Price Volatility

σ = 5.00

low volatility

Confidence 35%

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: 100%

Current DPI is 0.361(bearish). Bearish, momentum neutral or unclear. Trend approaching turning point (Momentum Deceleration) with High Saturation Gamma saturation

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 2026-11-20 options expiry. 100% confidence

The support levels for FE are at 45.07, 44.85, and 44.50, while the resistance levels are at 45.35, 45.57, and 45.92. The pivot point, a key reference price for traders, is at 47.00.

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 44.01 — 47.59 , corresponding to +5.27% / -2.66% .

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 49.48 (9.45% above spot).

Bearish positioning points to downside pressure toward 43.20 (4.45% below spot).

Options flow strength: 0.51 (0–1 scale). ATM Strike: 45.00, Call: 0.62, Put: 0.31, Straddle Cost: 0.94.

Short-term moves may occur, but follow-through is uncertain. The short-term gamma flip is near 45.25 , with intermediate positioning around 36.55 . The mid-term gamma flip remains near 38.90.