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

Analyze the complete BTSG 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 BTSG.

Latest Data: 2026-08-28 (EDT)

Max Pain Price

Exp: 2026-09-18

Gamma Flip

61.29

Gamma Flip (≈60 days)

Put/Call OI Ratio

1.199

Shows put vs call positioning

IV Skew

-3.56

Put–call IV difference

Max Pain Price Volatility

σ = 15.04

high 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 0.336(strong-bearish). Bearish, momentum neutral or unclear.

Options Terrain Outlook (3-Month)

The market is positioned near a structural transition zone, where options exposure may shift the prevailing trading regime. 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 2026-09-18 options expiry. 90% confidence

The support levels for BTSG are at 58.36, 57.44, and 52.30, while the resistance levels are at 59.90, 60.82, and 65.96. The pivot point, a key reference price for traders, is at 55.00.

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

Based on the latest options positioning (DTE 21), the ATM straddle implies a standardized 1.70% 1-day move.

The expected range for the next 21 days is 55.93 — 61.88 , corresponding to +4.64% / -5.42% .

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 63.50 (7.40% above spot).

Bearish positioning points to downside pressure toward 53.96 (8.74% below spot).

Options flow strength: 0.73 (0–1 scale). ATM Strike: 60.00, Call: 2.25, Put: 2.35, Straddle Cost: 4.60.

Price moves may extend once a direction forms. The short-term gamma flip is near 60.82 , with intermediate positioning around 61.29 . The mid-term gamma flip remains near 61.29.