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: 2026-03-25 (EDT)

Max Pain Price

108

Exp: 2026-03-27

Gamma Flip

97.06

Gamma Flip (≈60 days)

Put/Call OI Ratio

1.422

Shows put vs call positioning

IV Skew

0.47

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

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: 50%

Current DPI is -0.452(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 remain relatively smooth. Options constraints exert a moderate influence on price behavior. Once a directional move forms, continuation appears relatively easy. Structural sensitivity is elevated around the 2026-04-17 options expiry. 100% confidence

The support levels for IEF are at 95.05, 94.59, and 94.12, while the resistance levels are at 95.67, 96.13, and 96.60. The pivot point, a key reference price for traders, is at 108.00.

Short-Term Options-Implied Price Range & Flow Structure (DTE: 2)

Based on the latest options positioning (DTE 2), the ATM straddle implies a standardized 0.36% 1-day move.

The expected range for the next 2 days is 94.93 — 100.01 , corresponding to +4.88% / -0.45% .

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 103.75 (8.80% above spot).

Bearish positioning points to downside pressure toward 94.74 (0.65% below spot).

Options flow strength: 0.60 (0–1 scale). ATM Strike: 95.50, Call: 0.16, Put: 0.32, Straddle Cost: 0.48.

Price moves may extend once a direction forms. The short-term gamma flip is near 96.79 , with intermediate positioning around 97.06 . The mid-term gamma flip remains near 96.93.