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

Analyze the complete ZBRA 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 ZBRA.

Latest Data: 2026-07-14 (EDT)

Max Pain Price

260

Exp: 2026-07-17

Gamma Flip

266.94

Gamma Flip (≈60 days)

Put/Call OI Ratio

1.817

Shows put vs call positioning

IV Skew

2.70

Put–call IV difference

Max Pain Price Volatility

σ = 24.27

high 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

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: 62%

Current DPI is 0.08(bearish). Bearish, momentum neutral or unclear.

Options Terrain Outlook (3-Month)

Options positioning suggests a structurally constrained trading environment, where price movements are more likely to stall or mean-revert rather than extend. Volatility conditions are moderately choppy. Price action is strongly influenced by existing options constraints. Directional moves may struggle to sustain follow-through. Structural sensitivity is elevated around the 2026-08-21 options expiry. 100% confidence

The support levels for ZBRA are at 256.88, 253.00, and 235.54, while the resistance levels are at 263.34, 267.22, and 284.68. The pivot point, a key reference price for traders, is at 260.00.

Short-Term Options-Implied Price Range & Flow Structure (DTE: 3)

Based on the latest options positioning (DTE 3), the ATM straddle implies a standardized 2.34% 1-day move.

The expected range for the next 3 days is 250.86 — 270.74 , corresponding to +4.09% / -3.56% .

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 276.71 (6.38% above spot).

Bearish positioning points to downside pressure toward 246.03 (5.41% below spot).

Options flow strength: 0.62 (0–1 scale). ATM Strike: 260.00, Call: 7.30, Put: 3.22, Straddle Cost: 10.52.

Market signals are mixed and less reliable. The short-term gamma flip is near 242.13 , with intermediate positioning around 266.94 . The mid-term gamma flip remains near 266.94.