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

Analyze the complete BLSH 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 BLSH.

Latest Data: 2026-06-12 (EDT)
Max Pain Price
28
Exp: 2026-06-12
Gamma Flip
27.59
Gamma Flip (≈60 days)
Put/Call OI Ratio
1.309
Shows put vs call positioning
IV Skew
-2.50
Put–call IV difference
Max Pain Price Volatility
σ = 13.12
high volatility
Confidence 85%

Near-Term Options-Derived Market Structure

NEUTRAL OUTLOOK

Reflecting options positioning and volatility conditions over the coming sessions.

The options structure reflects a high-confidence neutral environment. Dealer positioning and volatility suppression suggest a stable range-bound setup rather than a directional move. Options Chian

Looking only at the put-side activity, there is a bearish directional push. This suggests some traders are actively betting on downside. Confidence: 71%

Current DPI is -0.355(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. Options constraints exert a moderate influence on price behavior. Directional continuation remains uncertain and selective. Structural sensitivity is elevated around the 2026-06-18 options expiry. 100% confidence

The support levels for BLSH are at 26.77, 26.11, and 21.93, while the resistance levels are at 27.65, 28.31, and 32.49. The pivot point, a key reference price for traders, is at 28.00.

Short-Term Options-Implied Price Range & Flow Structure (0DTE · Intraday Reference)

Expiry 2026-06-12 (DTE 0): Pinning structure with suppressed volatility. Option flow bias is bullish (0.30), pin strength 0.70.


Based on same-day expiring options (0DTE), the ATM straddle implies an 1.32% standardized 1-day equivalent move, serving as an intraday volatility reference.


The implied intraday range is approximately 26.33 28.64 , corresponding to +5.24% / -3.23% .

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 29.89 (9.84% above spot).

Bearish positioning points to downside pressure toward 25.65 (5.74% below spot).


Options flow strength: 0.38 (0–1 scale). ATM Strike: 27.00, Call: 0.35, Put: 0.01, Straddle Cost: 0.36.


Price moves may extend once a direction forms. The short-term gamma flip is near 27.58 , with intermediate positioning around 27.59 . The mid-term gamma flip remains near 27.59.