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

Analyze the complete BBWI 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 BBWI.

Latest Data: 2026-07-15 (EDT)
Max Pain Price
24
Exp: 2026-07-17
Gamma Flip
20.76
Gamma Flip (≈60 days)
Put/Call OI Ratio
0.461
Shows put vs call positioning
IV Skew
11.18
Put–call IV difference
Max Pain Price Volatility
σ = 5.00
low volatility
Confidence 50%

Near-Term Options-Derived Market Structure

BULLISH BIAS

Reflecting options positioning and volatility conditions over the coming sessions.

The options data shows a moderate bullish tilt. There is some directional support, though momentum remains limited. 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: 76%

Current DPI is 0.551(bullish). Bullish, momentum neutral or unclear. Trend approaching turning point (Momentum Deceleration) with Low Saturation Gamma saturation

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 continuation remains uncertain and selective. Structural sensitivity is elevated around the 2026-07-17 options expiry. 100% confidence

The support levels for BBWI are at 20.45, 20.13, and 18.31, while the resistance levels are at 20.87, 21.19, and 23.01. The pivot point, a key reference price for traders, is at 24.00.

Short-Term Options-Implied Price Range & Flow Structure (DTE: 2)

Based on the latest options positioning (DTE 2), the ATM straddle implies a standardized 3.42% 1-day move.


The expected range for the next 2 days is 19.96 22.31 , corresponding to +8.00% / -3.37% .

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 23.32 (12.87% above spot).

Bearish positioning points to downside pressure toward 19.72 (4.56% below spot).


Options flow strength: 0.65 (0–1 scale). ATM Strike: 20.50, Call: 0.45, Put: 0.55, Straddle Cost: 1.00.


Price moves may extend once a direction forms. The short-term gamma flip is near 20.70 , with intermediate positioning around 20.76 . The mid-term gamma flip remains near 20.75.