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

Analyze the complete HE 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 HE.

Latest Data: 2026-02-06 (EDT)

Max Pain Price

17.5

Exp: 2026-02-20

Gamma Flip

11.69

Gamma Flip (≈60 days)

Put/Call OI Ratio

0.068

Shows put vs call positioning

IV Skew

-0.95

Put–call IV difference

Max Pain Price Volatility

σ = 0.00

low volatility

Confidence 50%

Near-Term Options-Derived Market Structure

BEARISH BIAS

Reflecting options positioning and volatility conditions over the coming sessions.

The options structure reflects a moderate bearish bias. Downside factors are present but not dominant. 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: 67%

Current DPI is 0.977(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 2027-01-15 options expiry. 100% confidence

The support levels for HE are at 16.88, 16.64, and 15.67, while the resistance levels are at 17.28, 17.52, and 18.49. The pivot point, a key reference price for traders, is at 17.50.

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

Based on the latest options positioning (DTE 14), the ATM straddle implies a standardized 2.07% 1-day move.

The expected range for the next 14 days is 15.03 — 17.46 , corresponding to +2.22% / -12.03% .

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 17.62 (3.14% above spot).

Bearish positioning points to downside pressure toward 13.39 (21.58% below spot).

Options flow strength: 0.55 (0–1 scale). ATM Strike: 17.50, Call: 0.43, Put: 0.89, Straddle Cost: 1.32.

Market signals are mixed and less reliable. No short-term gamma flip is observed , with intermediate positioning around 11.69 . The mid-term gamma flip remains near 11.69.