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: 2026-08-28 (EDT)

Max Pain Price

Exp: 2026-09-18

Gamma Flip

10.70

Gamma Flip (≈60 days)

Put/Call OI Ratio

2.807

Shows put vs call positioning

IV Skew

-15.75

Put–call IV difference

Max Pain Price Volatility

σ = 5.00

low volatility

Confidence 62%

Near-Term Options-Derived Market Structure

BULLISH BIAS

Reflecting options positioning and volatility conditions over the coming sessions.

The options data shows a moderate bullish tilt. There is some directional support, though momentum remains limited. 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 -0.02(strong-bearish). Bearish, 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. Once a directional move forms, continuation appears relatively easy. Structural sensitivity is elevated around the 2027-01-15 options expiry. 100% confidence

The support levels for HE are at 11.31, 11.18, and 10.83, while the resistance levels are at 11.49, 11.62, and 11.97. The pivot point, a key reference price for traders, is at 15.00.

Short-Term Options-Implied Price Range & Flow Structure (DTE: 21)

Based on the latest options positioning (DTE 21), the ATM straddle implies a standardized 2.44% 1-day move.

The expected range for the next 21 days is 10.35 — 13.79 , corresponding to +20.97% / -9.22% .

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 16.00 (40.39% above spot).

Bearish positioning points to downside pressure toward 9.47 (16.94% below spot).

Options flow strength: 0.42 (0–1 scale). ATM Strike: 12.50, Call: 0.08, Put: 1.20, Straddle Cost: 1.27.

Short-term moves may occur, but follow-through is uncertain. The short-term gamma flip is near 13.50 , with intermediate positioning around 10.70 . The mid-term gamma flip remains near 10.70.