BLSH Options Chain, Open Interest, and Volatility Data

BLSH Options Open Interest & Strategy Insights

BLSH – Top 10 Strike Prices by Open Interest

Strike	Call OI	Put OI	Total OI
50	3379	5032	8411
65	5681	2538	8219
60	2544	4024	6568
35	159	3955	4114
105	3981	12	3993
55	1650	1982	3632
70	3125	314	3439
75	3144	147	3291
45	354	2668	3022
57	2684	79	2763

BLSH – Volatility Metrics & Put/Call Analysis

Put/Call OI Ratio	Put/Call Volume Ratio	Avg Call IV	Avg Put IV	IV Skew
1.98	0.24	86.29%	84.99%	-1.30%

Data Analysis

Symbol: BLSH Current Price: 48.32
Max Pain: 65.00 (below)

📌 Absolute OI Peak: 50.00 (8411 contracts)
🛡️ Short-term Key Levels: 45.00（3022 contracts，major support） , 35.00（4114 contracts，major support） , 55.00（3632 contracts，major resistance）

📈 Put/Call OI Ratio: 1.98 (bearish, Put OI dominant)
Put/Call Volume Ratio: 0.24 (bullish, Call volume dominant)

📊 Avg Call IV: 86.29%
Avg Put IV: 84.99%
IV Skew: -1.30% (Call IV higher than Put IV by 1.30%, upward expectation slightly stronger)

⚠️ Unusual OI concentration at far OTM strike 65.00 (8219 contracts), sentiment: bullish (Call OI dominant). May reflect speculative bets or hedging demand.

Market Sentiment Based on Options by Expiration Date

Date	Call Volume	Put Volume	Open Interest	Put/Call Ratio	Sentiment
2025-11-07	4001	144	8717	0.036	Moderate Bullish 📈 (70) ⚠️
2025-11-14	2973	85	3198	0.029	Moderate Bullish 📈 (70) ⚠️
2025-11-21	2406	110	16465	0.046	Moderate Bullish 📈 (70) ⚠️
2025-11-28	482	28	1204	0.058	Moderate Bullish 📈 (70) ⚠️
2025-12-05	116	252	425	2.172	Moderate Bearish 📉 (30)
2025-12-12	10	0	8	0.000	Moderate Bullish 📈 (70) ⚠️
2025-12-19	216	9	14818	0.042	Moderate Bullish 📈 (70) ⚠️
2026-03-20	243	167	11674	0.687	Slight Bullish 📈 (60)
2026-06-18	29	4	162	0.138	Moderate Bullish 📈 (70) ⚠️
2026-12-18	130	7	1589	0.054	Moderate Bullish 📈 (70) ⚠️
2027-01-15	41	24	697	0.585	Slight Bullish 📈 (60)
2028-01-21	68	8	443	0.118	Moderate Bullish 📈 (70) ⚠️
How the Sentiment Algorithm Works This table evaluates market sentiment based on aggregated options data by expiration date. The key metrics are: Put/Call Ratio (PCR): Indicates the relative activity between put and call options. A high PCR suggests bearish sentiment, while a low PCR indicates bullish sentiment. Open Interest (OI): Represents the number of outstanding contracts. Higher values reflect strong market attention or hedging activity. Unusual activity ⚠️: Days with extremely high PCR or OI are flagged, signaling possible speculative bets or hedging pressures. The sentiment score is computed by combining PCR and OI, then classified into clear labels such as Strong Bullish, Moderate Bullish, Neutral, Moderate Bearish, Strong Bearish. Scores range from 0 to 100, where higher values indicate stronger bullish sentiment and lower values indicate stronger bearish sentiment.