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.
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: 83%
Current DPI is 0.361(bearish). Bearish, momentum neutral or unclear.
Options Terrain Outlook (3-Month)
The market is positioned near a structural transition zone, where options exposure may shift the prevailing trading regime. Volatility conditions are elevated, implying wider and less stable price swings. Options constraints exert a moderate influence on price behavior. Directional continuation remains uncertain and selective. Structural sensitivity is elevated around the 2026-09-18 options expiry. 100% confidence
Short-Term Options-Implied Price Range & Flow Structure (DTE: 21)
Based on the latest options positioning (DTE 21), the ATM straddle implies a standardized 1.42% 1-day move.
The expected range for the next 21 days is 328.24 — 369.28 , corresponding to +3.60% / -7.91% .
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 376.91 (5.74% above spot).
Bearish positioning points to downside pressure toward 309.03 (13.30% below spot).
Options flow strength: 0.71 (0–1 scale). ATM Strike: 360.00, Call: 10.50, Put: 12.65, Straddle Cost: 23.15.
Price moves may extend once a direction forms. The short-term gamma flip is near 371.99 , with intermediate positioning around 372.17 . The mid-term gamma flip remains near 368.37.