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

Analyze the complete TRGP 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 TRGP.

Latest Data: 2026-07-14 (EDT)

Max Pain Price

300

Exp: 2026-07-17

Gamma Flip

243.89

Gamma Flip (≈60 days)

Put/Call OI Ratio

0.127

Shows put vs call positioning

IV Skew

1.62

Put–call IV difference

Max Pain Price Volatility

σ = 28.66

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

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 2026-07-17 options expiry. 100% confidence

The support levels for TRGP are at 278.85, 275.56, and 266.27, while the resistance levels are at 284.35, 287.64, and 296.93. The pivot point, a key reference price for traders, is at 300.00.

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

Based on the latest options positioning (DTE 3), the ATM straddle implies a standardized 1.54% 1-day move.

The expected range for the next 3 days is 264.58 — 291.99 , corresponding to +3.69% / -6.04% .

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 298.20 (5.90% above spot).

Bearish positioning points to downside pressure toward 253.25 (10.07% below spot).

Options flow strength: 0.69 (0–1 scale). ATM Strike: 280.00, Call: 3.95, Put: 3.55, Straddle Cost: 7.50.

Price moves are likely to stay range-bound. The short-term gamma flip is near 244.80 , with intermediate positioning around 243.89 . The mid-term gamma flip remains near 233.15.