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: 2026-08-17 (EDT)

Max Pain Price

260

Exp: 2026-08-21

Gamma Flip

226.76

Gamma Flip (≈60 days)

Put/Call OI Ratio

0.434

Shows put vs call positioning

IV Skew

-2.39

Put–call IV difference

Max Pain Price Volatility

σ = 32.59

high 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(neutral). ⏳ Neutral accumulation, DPI neutral, but makers are actively building positions.

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 NUE are at 269.74, 266.21, and 255.46, while the resistance levels are at 275.62, 279.15, and 289.90. The pivot point, a key reference price for traders, is at 260.00.

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

Based on the latest options positioning (DTE 4), the ATM straddle implies a standardized 1.67% 1-day move.

The expected range for the next 4 days is 257.69 — 279.73 , corresponding to +2.59% / -5.50% .

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 283.31 (3.90% above spot).

Bearish positioning points to downside pressure toward 247.91 (9.09% below spot).

Options flow strength: 0.67 (0–1 scale). ATM Strike: 270.00, Call: 6.00, Put: 3.10, Straddle Cost: 9.10.

Price moves are likely to stay range-bound. The short-term gamma flip is near 226.92 , with intermediate positioning around 226.76 . The mid-term gamma flip remains near 226.76.