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: 2026-10-13 (EDT)

Max Pain Price

12.5

Exp: 2026-10-16

Gamma Flip

N/A

Gamma Flip (≈60 days)

Put/Call OI Ratio

3.051

Shows put vs call positioning

IV Skew

-8.62

Put–call IV difference

Max Pain Price Volatility

σ = 5.00

low volatility

Confidence 59%

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: 64%

Current DPI is -0.738(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 remain relatively smooth. Options constraints exert a moderate influence on price behavior. Directional continuation remains uncertain and selective. Structural sensitivity is elevated around the 2027-01-15 options expiry. 100% confidence

The support levels for HE are at 8.46, 8.35, and 8.04, while the resistance levels are at 8.60, 8.71, and 9.02. The pivot point, a key reference price for traders, is at 12.50.

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

Based on the latest options positioning (DTE 3), the ATM straddle implies a standardized 7.45% 1-day move.

The expected range for the next 3 days is 7.84 — 9.55 , corresponding to +11.91% / -8.12% .

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 10.25 (20.18% above spot).

Bearish positioning points to downside pressure toward 7.50 (12.08% below spot).

Options flow strength: 0.28 (0–1 scale). ATM Strike: 7.50, Call: 1.05, Put: 0.05, Straddle Cost: 1.10.

Price moves may extend once a direction forms. The short-term gamma flip is near 8.61 . The mid-term gamma flip remains near 8.58.