Z Options Chain — Open Interest, Implied Volatility, Max Pain & Gamma Exposure
Analyze the complete Z 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 Z.
Near-Term Options-Derived Market Structure
BULLISH BIAS
Reflecting options positioning and volatility conditions over the coming sessions.
The options data shows a moderate bullish tilt. There is some directional support, though momentum remains limited. 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: 71%
Current DPI is -0.785(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 remain relatively smooth. Options constraints exert a moderate influence on price behavior. Once a directional move forms, continuation appears relatively easy. Structural sensitivity is elevated around the 2026-02-20 options expiry. 100% confidence
Short-Term Options-Implied Price Range & Flow Structure (DTE: 14)
Based on the latest options positioning (DTE 14), the ATM straddle implies a standardized 3.61% 1-day move.
The expected range for the next 14 days is 51.02 — 60.53 , corresponding to +10.11% / -7.19% .
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 63.57 (15.65% above spot).
Bearish positioning points to downside pressure toward 49.04 (10.79% below spot).
Options flow strength: 0.83 (0–1 scale). ATM Strike: 55.00, Call: 3.98, Put: 3.45, Straddle Cost: 7.43.
Price moves may extend once a direction forms. The short-term gamma flip is near 69.69 , with intermediate positioning around 69.77 . The mid-term gamma flip remains near 69.77.