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: 2026-02-06 (EDT)

Max Pain Price

175

Exp: 2026-02-20

Gamma Flip

151.24

Gamma Flip (≈60 days)

Put/Call OI Ratio

0.512

Shows put vs call positioning

IV Skew

-0.17

Put–call IV difference

Max Pain Price Volatility

σ = 5.00

low volatility

Confidence 35%

Near-Term Options-Derived Market Structure

BEARISH BIAS

Reflecting options positioning and volatility conditions over the coming sessions.

A slight bearish tilt is visible, though the signal is weak and insufficient for a strong directional call. 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: 100%

Current DPI is 0.926(strong-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. Options constraints exert a moderate influence on price behavior. Directional moves may struggle to sustain follow-through. Structural sensitivity is elevated around the 2026-02-20 options expiry. 100% confidence

The support levels for NUE are at 191.83, 190.31, and 186.22, while the resistance levels are at 193.85, 195.37, and 199.46. The pivot point, a key reference price for traders, is at 175.00.

Short-Term Options-Implied Price Range & Flow Structure (DTE: 14)

Based on the latest options positioning (DTE 14), the ATM straddle implies a standardized 1.38% 1-day move.

The expected range for the next 14 days is 182.74 — 195.94 , corresponding to +1.61% / -5.24% .

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 197.14 (2.23% above spot).

Bearish positioning points to downside pressure toward 176.69 (8.37% below spot).

Options flow strength: 0.80 (0–1 scale). ATM Strike: 195.00, Call: 4.10, Put: 5.85, Straddle Cost: 9.95.

Price moves are likely to stay range-bound. The short-term gamma flip is near 181.08 , with intermediate positioning around 151.24 . The mid-term gamma flip remains near 153.22.