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

Analyze the complete LEN 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 LEN.

Latest Data: 2026-08-17 (EDT)

Max Pain Price

Exp: 2026-08-21

Gamma Flip

87.35

Gamma Flip (≈60 days)

Put/Call OI Ratio

1.841

Shows put vs call positioning

IV Skew

-2.24

Put–call IV difference

Max Pain Price Volatility

σ = 11.62

medium 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 -0.411(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. Price action is strongly influenced by existing options constraints. Directional continuation remains uncertain and selective. Structural sensitivity is elevated around the 2026-08-21 options expiry. 100% confidence

The support levels for LEN are at 85.93, 85.03, and 82.23, while the resistance levels are at 87.15, 88.05, and 90.85. The pivot point, a key reference price for traders, is at 83.00.

Short-Term Options-Implied Price Range & Flow Structure (DTE: 4)

Based on the latest options positioning (DTE 4), the ATM straddle implies a standardized 2.25% 1-day move.

The expected range for the next 4 days is 83.61 — 90.74 , corresponding to +4.86% / -3.39% .

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 92.92 (7.37% above spot).

Bearish positioning points to downside pressure toward 82.30 (4.90% below spot).

Options flow strength: 0.82 (0–1 scale). ATM Strike: 87.00, Call: 2.15, Put: 1.75, Straddle Cost: 3.90.

Price moves may extend once a direction forms. The short-term gamma flip is near 86.66 , with intermediate positioning around 87.35 . The mid-term gamma flip remains near 87.35.