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: 2026-07-14 (EDT)

Max Pain Price

Exp: 2026-07-17

Gamma Flip

44.83

Gamma Flip (≈60 days)

Put/Call OI Ratio

0.373

Shows put vs call positioning

IV Skew

-1.71

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: 83%

Current DPI is 0.863(bullish). Bullish, 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. Options constraints exert a moderate influence on price behavior. Directional moves may struggle to sustain follow-through. Structural sensitivity is elevated around the 2026-07-17 options expiry. 100% confidence

The support levels for FE are at 49.06, 48.79, and 48.32, while the resistance levels are at 49.40, 49.67, and 50.14. The pivot point, a key reference price for traders, is at 48.00.

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

Based on the latest options positioning (DTE 3), the ATM straddle implies a standardized 1.11% 1-day move.

The expected range for the next 3 days is 47.58 — 50.08 , corresponding to +1.73% / -3.36% .

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 50.56 (2.70% above spot).

Bearish positioning points to downside pressure toward 46.37 (5.80% below spot).

Options flow strength: 0.53 (0–1 scale). ATM Strike: 49.00, Call: 0.25, Put: 0.70, Straddle Cost: 0.95.

Price moves are likely to stay range-bound. The short-term gamma flip is near 44.80 , with intermediate positioning around 44.83 . The mid-term gamma flip remains near 34.45.