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

Analyze the complete ZS 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 ZS.

Latest Data: 2026-03-25 (EDT)

Max Pain Price

140

Exp: 2026-03-27

Gamma Flip

152.68

Gamma Flip (≈60 days)

Put/Call OI Ratio

1.450

Shows put vs call positioning

IV Skew

-5.15

Put–call IV difference

Max Pain Price Volatility

σ = 39.86

high volatility

Confidence 62%

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: 67%

Current DPI is -0.604(neutral). Neutral consolidation, trend and momentum are indistinct. From the current DPI structure, dealers appear largely neutral, suggesting limited willingness to reinforce directional price moves..

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. Once a directional move forms, continuation appears relatively easy. Structural sensitivity is elevated around the 2026-03-27 options expiry. 100% confidence

The support levels for ZS are at 136.82, 133.68, and 111.84, while the resistance levels are at 142.06, 145.20, and 167.04. The pivot point, a key reference price for traders, is at 140.00.

Short-Term Options-Implied Price Range & Flow Structure (DTE: 2)

Based on the latest options positioning (DTE 2), the ATM straddle implies a standardized 0.00% 1-day move.

The expected range for the next 2 days is 0.00 — 0.00 , corresponding to +0.00% / -0.00% .

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 0.00 (0.00% above spot).

Bearish positioning points to downside pressure toward 0.00 (0.00% below spot).

Options flow strength: 0.00 (0–1 scale). ATM Strike: 139.00, Call: 0.00, Put: 2.44, Straddle Cost: 0.00.

Price moves may extend once a direction forms. The short-term gamma flip is near 153.20 , with intermediate positioning around 152.68 . The mid-term gamma flip remains near 153.53.