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

Analyze the complete BG 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 BG.

Latest Data: 2026-08-28 (EDT)
Max Pain Price
120
Exp: 2026-09-18
Gamma Flip
117.77
Gamma Flip (≈60 days)
Put/Call OI Ratio
0.609
Shows put vs call positioning
IV Skew
-6.86
Put–call IV difference
Max Pain Price Volatility
σ = 12.53
high 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: 100%

Current DPI is 0.065(strong-bullish). Bullish, 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 are moderately choppy. Price action is strongly influenced by existing options constraints. Directional continuation remains uncertain and selective. Structural sensitivity is elevated around the 2026-10-16 options expiry. 100% confidence

The support levels for BG are at 114.64, 113.38, and 109.39, while the resistance levels are at 116.32, 117.58, and 121.57. The pivot point, a key reference price for traders, is at 120.00.

Short-Term Options-Implied Price Range & Flow Structure (DTE: 21)

Based on the latest options positioning (DTE 21), the ATM straddle implies a standardized 1.21% 1-day move.


The expected range for the next 21 days is 113.79 121.01 , corresponding to +4.79% / -1.47% .

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 124.62 (7.92% above spot).

Bearish positioning points to downside pressure toward 113.07 (2.09% below spot).


Options flow strength: 0.71 (0–1 scale). ATM Strike: 115.00, Call: 2.30, Put: 4.10, Straddle Cost: 6.40.


Market signals are mixed and less reliable. The short-term gamma flip is near 114.86 , with intermediate positioning around 117.77 . The mid-term gamma flip remains near 117.77.