Z Options Chain, Open Interest, and Volatility Data

Z Options Open Interest & Strategy Insights

Z – Top 10 Strike Prices by Open Interest

Strike	Call OI	Put OI	Total OI
80	16878	8958	25836
75	13791	9151	22942
70	6856	5137	11993
90	9708	1582	11290
85	7809	1583	9392
72.5	1812	5035	6847
82.5	4065	2126	6191
95	5708	419	6127
77.5	3261	2736	5997
67.5	2173	3042	5215

Z – Volatility Metrics & Put/Call Analysis

Put/Call OI Ratio	Put/Call Volume Ratio	Avg Call IV	Avg Put IV	IV Skew
0.71	1.48	57.33%	57.75%	0.42%

Data Analysis

Symbol: Z Current Price: 73.03
Max Pain: 80.00 (below)

📌 Absolute OI Peak: 80.00 (25836 contracts)
🛡️ Short-term Key Levels: 72.50（6847 contracts，minor support） , 70.00（11993 contracts，major support） , 67.50（5215 contracts，major support）

📈 Put/Call OI Ratio: 0.71 (bullish, Call OI dominant)
Put/Call Volume Ratio: 1.48 (bearish, Put volume dominant)

📊 Avg Call IV: 57.33%
Avg Put IV: 57.75%
IV Skew: 0.42% (Call and Put IV are close, neutral expectation)

Market Sentiment Based on Options by Expiration Date

Date	Call Volume	Put Volume	Open Interest	Put/Call Ratio	Sentiment
2025-11-07	193	124	3118	0.642	Slight Bullish 📈 (60)
2025-11-14	106	129	1205	1.217	Slight Bearish 📉 (40)
2025-11-21	180	424	19970	2.356	Moderate Bearish 📉 (30)
2025-11-28	74	92	338	1.243	Slight Bearish 📉 (40)
2025-12-19	408	621	24352	1.522	Moderate Bearish 📉 (30)
2026-01-16	367	302	32042	0.823	Slight Bullish 📈 (60)
2026-02-20	135	215	7106	1.593	Moderate Bearish 📉 (30)
2026-03-20	145	287	10090	1.979	Moderate Bearish 📉 (30)
2026-05-15	143	22	566	0.154	Moderate Bullish 📈 (70) ⚠️
2026-06-18	27	56	16411	2.074	Moderate Bearish 📉 (30)
2026-09-18	53	41	2051	0.774	Slight Bullish 📈 (60)
2026-12-18	1	0	1	0.000	Moderate Bullish 📈 (70) ⚠️
2027-01-15	183	152	7639	0.831	Slight Bullish 📈 (60)
2028-01-21	69	19	403	0.275	Moderate Bullish 📈 (70) ⚠️
How the Sentiment Algorithm Works This table evaluates market sentiment based on aggregated options data by expiration date. The key metrics are: Put/Call Ratio (PCR): Indicates the relative activity between put and call options. A high PCR suggests bearish sentiment, while a low PCR indicates bullish sentiment. Open Interest (OI): Represents the number of outstanding contracts. Higher values reflect strong market attention or hedging activity. Unusual activity ⚠️: Days with extremely high PCR or OI are flagged, signaling possible speculative bets or hedging pressures. The sentiment score is computed by combining PCR and OI, then classified into clear labels such as Strong Bullish, Moderate Bullish, Neutral, Moderate Bearish, Strong Bearish. Scores range from 0 to 100, where higher values indicate stronger bullish sentiment and lower values indicate stronger bearish sentiment.