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: 2026-08-28 (EDT)

Max Pain Price

93.5

Exp: 2026-08-28

Gamma Flip

N/A

Gamma Flip (≈60 days)

Put/Call OI Ratio

0.639

Shows put vs call positioning

IV Skew

-2.12

Put–call IV difference

Max Pain Price Volatility

σ = 5.00

low volatility

Confidence 38%

Near-Term Options-Derived Market Structure

BULLISH BIAS

Reflecting options positioning and volatility conditions over the coming sessions.

A slight bullish tilt is present, but the overall setup remains largely neutral with limited directional reliability. 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: 60%

Current DPI is -0.363(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. Directional moves may struggle to sustain follow-through. Structural sensitivity is elevated around the 2026-09-18 options expiry. 100% confidence

The support levels for IEF are at 92.65, 92.35, and 92.05, while the resistance levels are at 93.05, 93.35, and 93.65. The pivot point, a key reference price for traders, is at 93.50.

Short-Term Options-Implied Price Range & Flow Structure (0DTE · Intraday Reference)

Expiry 2026-08-28 (DTE 0): Pinning structure with suppressed volatility. Option flow bias is neutral (0.00), pin strength 0.90.

Based on same-day expiring options (0DTE), the ATM straddle implies an 0.17% standardized 1-day equivalent move, serving as an intraday volatility reference.

The implied intraday range is approximately 92.10 — 93.43 , corresponding to +0.62% / -0.81% .

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 93.88 (1.11% above spot).

Bearish positioning points to downside pressure toward 91.48 (1.47% below spot).

Options flow strength: 0.47 (0–1 scale). ATM Strike: 93.00, Call: 0.01, Put: 0.15, Straddle Cost: 0.16.

Market signals are mixed and less reliable. No short-term gamma flip is observed