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

Analyze the complete SRE 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 SRE.

Latest Data: 2026-02-06 (EDT)

Max Pain Price

Exp: 2026-02-20

Gamma Flip

85.84

Gamma Flip (≈60 days)

Put/Call OI Ratio

0.270

Shows put vs call positioning

IV Skew

-1.23

Put–call IV difference

Max Pain Price Volatility

σ = 0.00

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 0.354(strong-bullish). Bullish, momentum neutral or unclear.

Options Terrain Outlook (3-Month)

Options positioning suggests a structurally constrained trading environment, where price movements are more likely to stall or mean-revert rather than extend. Volatility conditions are moderately choppy. Price action is strongly influenced by existing options constraints. 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 SRE are at 86.67, 85.83, and 83.91, while the resistance levels are at 88.05, 88.89, and 90.81. The pivot point, a key reference price for traders, is at 95.00.

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

Based on the latest options positioning (DTE 14), the ATM straddle implies a standardized 1.37% 1-day move.

The expected range for the next 14 days is 85.34 — 89.76 , corresponding to +2.74% / -2.31% .

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 91.07 (4.24% above spot).

Bearish positioning points to downside pressure toward 84.31 (3.49% below spot).

Options flow strength: 0.72 (0–1 scale). ATM Strike: 85.00, Call: 3.65, Put: 0.82, Straddle Cost: 4.47.

Price moves are likely to stay range-bound. The short-term gamma flip is near 85.89 , with intermediate positioning around 85.84 . The mid-term gamma flip remains near 85.58.