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

Analyze the complete SBSW 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 SBSW.

Latest Data: 2026-02-06 (EDT)

Max Pain Price

Exp: 2026-02-20

Gamma Flip

15.96

Gamma Flip (≈60 days)

Put/Call OI Ratio

0.213

Shows put vs call positioning

IV Skew

-1.52

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 0.809(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 2026-02-20 options expiry. 100% confidence

The support levels for SBSW are at 16.23, 15.89, and 13.78, while the resistance levels are at 16.67, 17.01, and 19.12. The pivot point, a key reference price for traders, is at 20.00.

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

Based on the latest options positioning (DTE 14), the ATM straddle implies a standardized 3.41% 1-day move.

The expected range for the next 14 days is 15.53 — 17.94 , corresponding to +9.05% / -5.62% .

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 18.75 (13.95% above spot).

Bearish positioning points to downside pressure toward 15.10 (8.23% below spot).

Options flow strength: 0.83 (0–1 scale). ATM Strike: 16.00, Call: 1.30, Put: 0.80, Straddle Cost: 2.10.

Market signals are mixed and less reliable. The short-term gamma flip is near 16.02 , with intermediate positioning around 15.96 .