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

Analyze the complete FLUT 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 FLUT.

Latest Data: 2026-02-06 (EDT)

Max Pain Price

190

Exp: 2026-02-20

Gamma Flip

165.58

Gamma Flip (≈60 days)

Put/Call OI Ratio

1.145

Shows put vs call positioning

IV Skew

-4.74

Put–call IV difference

Max Pain Price Volatility

σ = 39.29

high volatility

Confidence 85%

Near-Term Options-Derived Market Structure

NEUTRAL OUTLOOK

Reflecting options positioning and volatility conditions over the coming sessions.

The options structure reflects a high-confidence neutral environment. Dealer positioning and volatility suppression suggest a stable range-bound setup rather than a directional move. Options Chian

Looking only at the put-side activity, there is a bearish directional push. This suggests some traders are actively betting on downside. Confidence: 71%

Current DPI is -0.819(neutral). Neutral consolidation, trend and momentum are indistinct. From the current DPI structure, dealers appear largely neutral, suggesting limited willingness to reinforce directional price moves..

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. Once a directional move forms, continuation appears relatively easy. Structural sensitivity is elevated around the 2026-03-20 options expiry. 100% confidence

The support levels for FLUT are at 149.01, 144.78, and 123.70, while the resistance levels are at 156.05, 160.28, and 181.36. The pivot point, a key reference price for traders, is at 190.00.

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

Based on the latest options positioning (DTE 14), the ATM straddle implies a standardized 2.44% 1-day move.

The expected range for the next 14 days is 149.65 — 177.01 , corresponding to +16.05% / -1.89% .

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 194.37 (27.43% above spot).

Bearish positioning points to downside pressure toward 148.99 (2.32% below spot).

Options flow strength: 0.68 (0–1 scale). ATM Strike: 155.00, Call: 5.55, Put: 8.40, Straddle Cost: 13.95.

Price moves may extend once a direction forms. The short-term gamma flip is near 173.55 , with intermediate positioning around 165.58 . The mid-term gamma flip remains near 165.58.