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

Analyze the complete OBDC 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 OBDC.

Latest Data: 2026-02-06 (EDT)

Max Pain Price

Exp: 2026-02-20

Gamma Flip

13.53

Gamma Flip (≈60 days)

Put/Call OI Ratio

3.199

Shows put vs call positioning

IV Skew

8.14

Put–call IV difference

Max Pain Price Volatility

σ = 5.00

low 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: 55%

Current DPI is -0.627(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 moves may struggle to sustain follow-through. Structural sensitivity is elevated around the 2026-04-17 options expiry. 100% confidence

The support levels for OBDC are at 11.40, 11.30, and 11.04, while the resistance levels are at 11.52, 11.62, and 11.88. The pivot point, a key reference price for traders, is at 10.00.

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

Based on the latest options positioning (DTE 14), the ATM straddle implies a standardized 2.92% 1-day move.

The expected range for the next 14 days is 10.63 — 12.16 , corresponding to +6.12% / -7.20% .

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 12.67 (10.55% above spot).

Bearish positioning points to downside pressure toward 10.00 (12.74% below spot).

Options flow strength: 0.40 (0–1 scale). ATM Strike: 12.50, Call: 0.05, Put: 1.20, Straddle Cost: 1.25.

Market signals are mixed and less reliable. The short-term gamma flip is near 9.24 , with intermediate positioning around 13.53 . The mid-term gamma flip remains near 12.78.