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EOSE

Eos Energy Enterprises, Inc.Close $6.88EOD only

Max Pain

$7.50

Next expiry May 22, 2026

Expected Move

±$0.66

9.6% from close

Price Gap

+0.62

Distance to max pain

IV Rank

Low premium

P/C OI

0.46

Slightly call-heavy

Consensus

4/4

Partial coverage

Published snapshot: May 19, 2026 close

End-of-day snapshot

This page reflects EOSE options positioning from the latest published market-close snapshot. Intraday price and contract changes are not displayed.

Published Snapshot

May 19, 2026 close

EOSE Flow Report

Analysis based on market close March 31, 2026

Directional Theta Gang Flow Earnings Consensus

Historical consensus-supported lens with full content, report chain context, and metric rail.

Flow Verdict

Confidence:

6 / 10

base 5; +1 significant bearish put flow; +0.5 spot below max pain; -0.5 mixed net premium; -0.5 high IV suggests speculative noise

Watch next session: $4.50 Put OI and flow for support test; Any aggressive call buying near $5.00 to challenge resistance

Flow Summary

Net premium: -$191K (mixed, slightly bearish)

P/C volume ratio: 0.70 — call-dominant volume

P/C OI ratio: 0.41 — extremely call-heavy positioning

A high-volatility, mixed flow regime with a bearish lean. While volume shows call dominance, the most significant premium flows and unusual prints are bearish. The spot price sits well below max pain, suggesting a gravitational pull lower is being resisted by call-heavy open interest.

Notable Prints

EOSE 4/24 $4.00 Put

Vol: 7,263

OI: 340

Vol/OI: 21.4x

IV: 107.4%

Notional: ~$290K (7,263 * $4.00 * 100)

Intent: Fresh directional put buying for downside protection or bearish speculation

Dual read: Bought to open (bearish) or sold to close (bullish)

Read-through: Given the 21x volume/OI ratio and the high IV environment, this is almost certainly a new bearish position. It targets a move below $4.00 within 24 days, aligning with the spot being below max pain.

EOSE 5/15 $31.00 Call

Vol: 3,000

OI: 180

Vol/OI: 16.7x

IV: 254.7%

Notional: ~$930K (3,000 * $31.00 * 100)

Intent: Extreme OTM speculation or part of a complex multi-leg spread (e.g., financing a closer-to-money put)

Dual read: Bought for lottery ticket (bullish) or sold for premium (neutral/bearish)

Read-through: The extreme IV (255%) and massive notional value suggest this is likely a premium sale (short call) to finance other positions, contributing to the bearish net premium flow. A directional bet at $31 from $4.96 is improbable.

EOSE 4/10 $4.50 Put

Vol: 2,838

OI: 936

Vol/OI: 3.0x

IV: 98.4%

Notional: ~$128K (2,838 * $4.50 * 100)

Intent: Near-term directional put buying or hedging

Dual read: Bought to open (bearish) or sold to close (bullish)

Read-through: Targets a move below $4.50 within 10 days. The 3x volume/OI ratio suggests a mix of new and existing activity, reinforcing the bearish pressure seen in the $4.00 put print.

EOSE 11/20 $4.00 Call

Vol: 2,111

OI: 1,307

Vol/OI: 1.6x

IV: 123.5%

Notional: ~$84K (2,111 * $4.00 * 100)

Intent: Long-dated call buying, potentially a bullish recovery play or a hedge against a short stock position

Dual read: Bought to open (bullish) or sold to close (bearish)

Read-through: Given the lower vol/OI ratio and longer-dated nature, this could be a strategic, lower-conviction bullish position betting on a recovery over 8 months, contrasting with the near-term bearish put flow.

Institutional Positioning

Call additions: Significant OI at $4.00, $5.00, $5.50, and deep OTM ($10.00, $12.50, $15.00, $20.00). Recent premium flow bullish at $4.00 and $5.00.

Put additions: Large OI at $5.50 and $2.00. New bearish flow at $4.00 and $4.50 puts. Major bearish premium flow at OTM strikes ($34, $30, $18, $24).

GEX/DEX consistency: Yes — Positive GEX ($24.2M) indicates a pinning/mean-reverting force, which aligns with spot being below max pain and heavy OI at $5.00/$5.50 creating resistance.

OI clusters: Major Call OI: $5.50 (37.6K), $5.00 (37.1K), $4.00 (59.8K). Major Put OI: $5.50 (88.0K), $2.00 (43.1K). Creates a strong resistance zone at $5.00-$5.50 and a distant put support at $2.00.

Hedging evidence: Yes. The massive OTM put sales (e.g., $34, $30) generating large net negative premium are classic institutional hedging/short put flow, likely financing or hedging other positions.

Max pain context: Spot ($4.96) is 9.8% below aggregate max pain (~$6). This creates a gravitational pull higher, but the heavy $5.50 put OI (88K) acts as a major wall, making upward progress difficult.

Signal vs Noise

~Deep OTM Call/Put Flow (e.g., $31C, $34P, $30P): Extremely high IV (>250%) and massive notional values indicate these are almost certainly premium sales (short options) for income or to finance other legs, not directional bets.

~$12.50 Call OI (74,575): This is a legacy position, not reflective of recent flow (only 91 volume).

~High P/C OI Ratio (0.41): This reflects long-standing, likely legacy call positions (common in low-priced stocks), not current sentiment. Current volume (P/C 0.70) is more informative.

~Net Premium at $4.00 and $5.00 Calls: While bullish, this could be dealers covering short gamma positions in a high-vol pinning regime, not necessarily fresh bullish conviction.

Key Conclusions

⚠️High-volatility pinning regime (GEX +$24.2M) with spot below max pain. Expect mean-reversion attempts against heavy $5.00-$5.50 OI resistance.

🐻Most significant unusual prints and large premium flows are bearish (e.g., $4.00P, OTM put sales), targeting a break below $4.50-$4.00.

🧱$5.50 is a critical level: 88K Put OI (wall) vs. 38K Call OI. A break above is needed for any bullish thesis.

🎯Watch $4.50 (near-term put flow) and $4.00 (major put print) as key downside support levels. A break below $4.70 confirms bearish flow.

How to Use These Reports

This flow reflects the market close on March 31, 2026.

What the reports do

Each report translates the same market-close options snapshot into a specific lens such as directional bias, premium-selling posture, flow quality, or earnings setup.

How traders use them

Reports are most useful for narrowing the playbook, surfacing entry and risk context, and deciding which raw data page to inspect next.

What to remember

These are interpretation layers, not execution guarantees. Validate the setup against chain liquidity, expected move, and exposure before sizing risk.

If the report conviction and the raw data disagree, slow down and resolve the mismatch before sizing risk.