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

Analyze the complete IEF 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 IEF.

Latest Data: 2026-10-13 (EDT)

Max Pain Price

Exp: 2026-10-16

Gamma Flip

128.09

Gamma Flip (≈60 days)

Put/Call OI Ratio

0.526

Shows put vs call positioning

IV Skew

-2.29

Put–call IV difference

Max Pain Price Volatility

σ = 5.00

low 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: 67%

Current DPI is -0.503(neutral). ⏳ Neutral distribution, DPI neutral, but makers are actively shedding positions.

Options Terrain Outlook (3-Month)

The market is positioned near a structural transition zone, where options exposure may shift the prevailing trading regime. Volatility conditions are moderately choppy. Price action is strongly influenced by existing options constraints. Once a directional move forms, continuation appears relatively easy. Structural sensitivity is elevated around the 2026-10-16 options expiry. 90% confidence

The support levels for IEF are at 89.35, 89.06, and 88.77, while the resistance levels are at 89.73, 90.02, and 90.31. The pivot point, a key reference price for traders, is at 92.00.

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

Based on the latest options positioning (DTE 3), the ATM straddle implies a standardized 0.36% 1-day move.

The expected range for the next 3 days is 89.02 — 91.12 , corresponding to +1.77% / -0.59% .

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 92.10 (2.86% above spot).

Bearish positioning points to downside pressure toward 88.77 (0.86% below spot).

Options flow strength: 0.80 (0–1 scale). ATM Strike: 89.50, Call: 0.34, Put: 0.22, Straddle Cost: 0.56.

Price moves may extend once a direction forms. The short-term gamma flip is near 93.26 , with intermediate positioning around 128.09 . The mid-term gamma flip remains near 90.37.