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: 2026-03-25 (EDT)

Max Pain Price

Exp: 2026-04-17

Gamma Flip

13.79

Gamma Flip (≈60 days)

Put/Call OI Ratio

0.087

Shows put vs call positioning

IV Skew

-2.88

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 0.891(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 14.77, 14.52, and 13.52, while the resistance levels are at 15.11, 15.36, and 16.36. The pivot point, a key reference price for traders, is at 15.00.

Short-Term Options-Implied Price Range & Flow Structure (DTE: 23)

Based on the latest options positioning (DTE 23), the ATM straddle implies a standardized 1.83% 1-day move.

The expected range for the next 23 days is 13.56 — 15.18 , corresponding to +1.60% / -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 15.25 (2.10% above spot).

Bearish positioning points to downside pressure toward 12.49 (16.41% below spot).

Options flow strength: 0.55 (0–1 scale). ATM Strike: 15.00, Call: 0.66, Put: 0.66, Straddle Cost: 1.31.

Price moves are likely to stay range-bound. The short-term gamma flip is near 13.75 , with intermediate positioning around 13.79 . The mid-term gamma flip remains near 13.56.