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

Analyze the complete PLUG 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 PLUG.

Latest Data: 2026-04-07 (EDT)

Max Pain Price

Exp: 2026-04-10

Gamma Flip

1.91

Gamma Flip (≈60 days)

Put/Call OI Ratio

0.246

Shows put vs call positioning

IV Skew

0.31

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: 100%

Current DPI is 0.841(bearish). Bearish, 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 2026-04-17 options expiry. 100% confidence

The support levels for PLUG are at 2.49, 2.44, and 2.11, while the resistance levels are at 2.55, 2.60, and 2.93. The pivot point, a key reference price for traders, is at 3.00.

Short-Term Options-Implied Price Range & Flow Structure (DTE: 3)

Based on the latest options positioning (DTE 3), the ATM straddle implies a standardized 5.38% 1-day move.

The expected range for the next 3 days is 2.46 — 2.85 , corresponding to +13.12% / -2.20% .

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 3.07 (21.87% above spot).

Bearish positioning points to downside pressure toward 2.48 (1.45% below spot).

Options flow strength: 0.56 (0–1 scale). ATM Strike: 2.50, Call: 0.12, Put: 0.11, Straddle Cost: 0.23.

Price moves are likely to stay range-bound. The short-term gamma flip is near 2.19 , with intermediate positioning around 1.91 . The mid-term gamma flip remains near 1.89.