BTDR Options Chain, Open Interest, and Volatility Data

BTDR Options Open Interest & Strategy Insights

BTDR – Top 10 Strike Prices by Open Interest

Strike	Call OI	Put OI	Total OI
7.5	7792	38376	46168
20	40024	6102	46126
30	40794	1286	42080
25	28236	1888	30124
15	10906	17736	28642
12.5	8435	16869	25304
5	3874	20000	23874
10	8368	15398	23766
22.5	14421	2110	16531
35	15899	201	16100

BTDR – Volatility Metrics & Put/Call Analysis

Put/Call OI Ratio	Put/Call Volume Ratio	Avg Call IV	Avg Put IV	IV Skew
26.56	93.00	95.91%	88.58%	-7.33%

Data Analysis

Symbol: BTDR Current Price: 22.08
Max Pain: 20.00 (above)

📌 Absolute OI Peak: 7.50 (46168 contracts)
🛡️ Short-term Key Levels: 20.00（46126 contracts，major support） , 15.00（28642 contracts，major support） , 12.50（25304 contracts，major support）

📈 Put/Call OI Ratio: 26.56 (bearish, Put OI dominant)
Put/Call Volume Ratio: 93.00 (bearish, Put volume dominant)

📊 Avg Call IV: 95.91%
Avg Put IV: 88.58%
IV Skew: -7.33% (Call IV higher than Put IV by 7.33%, upward expectation slightly stronger)

⚠️ Unusual OI concentration at far OTM strike 7.50 (46168 contracts), sentiment: bearish (Put 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	2230	229	19111	0.103	Moderate Bullish 📈 (70) ⚠️
2025-11-14	2314	122	6045	0.053	Moderate Bullish 📈 (70) ⚠️
2025-11-21	1465	141	36365	0.096	Moderate Bullish 📈 (70) ⚠️
2025-11-28	136	68	5772	0.500	Slight Bullish 📈 (60)
2025-12-05	9	49	2125	5.444	Moderate Bearish 📉 (30) ⚠️
2025-12-12	0	5	7	0.000	Moderate Bullish 📈 (70) ⚠️
2025-12-19	93	155	48585	1.667	Moderate Bearish 📉 (30)
2026-01-16	594	3953	77797	6.655	Strong Bearish 📉💥 (15) ⚠️
2026-03-20	180	42	14677	0.233	Moderate Bullish 📈 (70) ⚠️
2026-06-18	30	137	13603	4.567	Moderate Bearish 📉 (30) ⚠️
2026-09-18	180	1735	3289	9.639	Moderate Bearish 📉 (30) ⚠️
2027-01-15	112	67	36499	0.598	Slight Bullish 📈 (60)
2028-01-21	23	53	1028	2.304	Moderate Bearish 📉 (30)
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.