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

Analyze the complete BTG 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 BTG.

Latest Data: 2026-10-01 (EDT)

Max Pain Price

4.5

Exp: 2026-10-02

Gamma Flip

4.02

Gamma Flip (≈60 days)

Put/Call OI Ratio

0.166

Shows put vs call positioning

IV Skew

-4.43

Put–call IV difference

Max Pain Price Volatility

σ = 5.00

low volatility

Confidence 35%

Near-Term Options-Derived Market Structure

BEARISH BIAS

Reflecting options positioning and volatility conditions over the coming sessions.

A slight bearish tilt is visible, though the signal is weak and insufficient for a strong directional call. 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 0.903(neutral). ⏳ Neutral accumulation, DPI neutral, but makers are actively building positions.

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 moves may struggle to sustain follow-through. Structural sensitivity is elevated around the 2026-10-16 options expiry. 100% confidence

The support levels for BTG are at 5.13, 5.07, and 4.82, while the resistance levels are at 5.21, 5.27, and 5.52. The pivot point, a key reference price for traders, is at 4.50.

Short-Term Options-Implied Price Range & Flow Structure (DTE: 1)

Expiry 2026-10-02 (DTE 1): Pinning structure with suppressed volatility. Option flow bias is bullish (0.50), pin strength 0.70.

Based on the latest options positioning (DTE 1), the ATM straddle implies a standardized 5.13% 1-day move.

The expected range for the next 1 days is 4.78 — 5.51 , corresponding to +6.56% / -7.48% .

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 5.69 (10.03% above spot).

Bearish positioning points to downside pressure toward 4.56 (11.87% below spot).

Options flow strength: 0.42 (0–1 scale). ATM Strike: 5.00, Call: 0.22, Put: 0.04, Straddle Cost: 0.26.

Price moves are likely to stay range-bound. The short-term gamma flip is near 4.56 , with intermediate positioning around 4.02 . The mid-term gamma flip remains near 4.02.