BAX Options Chain — Open Interest, Implied Volatility, Max Pain & Gamma Exposure
Analyze the complete BAX 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 BAX.
Near-Term Options-Derived Market Structure
BEARISH BIAS
Reflecting options positioning and volatility conditions over the coming sessions.
The options structure reflects a moderate bearish bias. Downside factors are present but not dominant. 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 0.839(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 remain relatively smooth. Options constraints exert a moderate influence on price behavior. Directional moves may struggle to sustain follow-through. Structural sensitivity is elevated around the 2026-08-21 options expiry. 100% confidence
Short-Term Options-Implied Price Range & Flow Structure (DTE: 4)
Based on the latest options positioning (DTE 4), the ATM straddle implies a standardized 2.70% 1-day move.
The expected range for the next 4 days is 24.26 — 27.06 , corresponding to +4.42% / -6.37% .
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 27.75 (7.08% above spot).
Bearish positioning points to downside pressure toward 23.10 (10.85% below spot).
Options flow strength: 0.48 (0–1 scale). ATM Strike: 26.00, Call: 0.90, Put: 0.50, Straddle Cost: 1.40.
Short-term moves may occur, but follow-through is uncertain. The short-term gamma flip is near 25.95 , with intermediate positioning around 20.72 . The mid-term gamma flip remains near 20.72.