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

Analyze the complete NUE 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 NUE.

Latest Data: 2026-10-01 (EDT)

Max Pain Price

250

Exp: 2026-10-16

Gamma Flip

243.73

Gamma Flip (≈60 days)

Put/Call OI Ratio

0.667

Shows put vs call positioning

IV Skew

-5.66

Put–call IV difference

Max Pain Price Volatility

σ = 36.92

high 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: 83%

Current DPI is 0.473(bullish). Bullish, momentum neutral or unclear.

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. Options constraints exert a moderate influence on price behavior. Directional continuation remains uncertain and selective. Structural sensitivity is elevated around the 2026-10-16 options expiry. 90% confidence

The support levels for NUE are at 233.04, 229.51, and 216.85, while the resistance levels are at 238.92, 242.45, and 255.11. The pivot point, a key reference price for traders, is at 250.00.

Short-Term Options-Implied Price Range & Flow Structure (DTE: 15)

Based on the latest options positioning (DTE 15), the ATM straddle implies a standardized 1.52% 1-day move.

The expected range for the next 15 days is 228.41 — 247.04 , corresponding to +4.69% / -3.21% .

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 253.26 (7.32% above spot).

Bearish positioning points to downside pressure toward 224.54 (4.85% below spot).

Options flow strength: 0.83 (0–1 scale). ATM Strike: 240.00, Call: 4.95, Put: 8.95, Straddle Cost: 13.90.

Price moves may extend once a direction forms. The short-term gamma flip is near 243.76 , with intermediate positioning around 243.73 . The mid-term gamma flip remains near 243.39.