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

Analyze the complete BZ 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 BZ.

Latest Data: 2026-02-06 (EDT)

Max Pain Price

17.5

Exp: 2026-02-20

Gamma Flip

19.57

Gamma Flip (≈60 days)

Put/Call OI Ratio

2.540

Shows put vs call positioning

IV Skew

0.29

Put–call IV difference

Max Pain Price Volatility

σ = 5.00

low volatility

Confidence 100%

Near-Term Options-Derived Market Structure

BULLISH BIAS

Reflecting options positioning and volatility conditions over the coming sessions.

The options market shows a strong bullish alignment. Multiple key factors point firmly to the upside, supported by dealer flows and positioning. 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: 60%

Current DPI is -0.799(strong-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. Structural constraints from options positioning are relatively light. Once a directional move forms, continuation appears relatively easy. Structural sensitivity is elevated around the 2026-04-17 options expiry. 100% confidence

The support levels for BZ are at 17.75, 17.49, and 16.63, while the resistance levels are at 18.09, 18.35, and 19.21. The pivot point, a key reference price for traders, is at 17.50.

Short-Term Options-Implied Price Range & Flow Structure (DTE: 14)

Based on the latest options positioning (DTE 14), the ATM straddle implies a standardized 1.64% 1-day move.

The expected range for the next 14 days is 17.26 — 20.19 , corresponding to +12.67% / -3.68% .

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 22.21 (23.95% above spot).

Bearish positioning points to downside pressure toward 16.79 (6.29% below spot).

Options flow strength: 0.45 (0–1 scale). ATM Strike: 17.50, Call: 0.75, Put: 0.35, Straddle Cost: 1.10.

Price moves may extend once a direction forms. The short-term gamma flip is near 20.09 , with intermediate positioning around 19.57 . The mid-term gamma flip remains near 21.24.