United States Brent Oil Fund, LP (BNO) Options Statistics & Positioning

United States Brent Oil Fund, LP (BNO) options trade at a 30-day at-the-money implied volatility of 46.9%, an IV rank of 14 out of 100 over the past year. The options market prices a ±$9.27 (±14.5%) move in BNO for the front expiration. Max pain sits at $52 and the put/call open interest ratio is 0.23. Statistics are computed by OptiView from delayed OPRA options data and refresh every trading day.

Data as of Oct 9, 2026, 3:55 PM ET · OPRA data 15 minutes delayed · For information only — not investment advice.

Last close

$63.84

52-week range

$27.20 – $63.84

ATM IV (30d)

46.9%

IV rank

14 / 100

Low

Expected move

±$9.27 (±14.5%)

Put/call OI

0.23

Call-heavy

Max pain

$52

↓ 18.5% below close

Next earnings

Nov 8, 2026

What's BNO's IV rank right now?Where's the max pain for BNO?Explain what gamma exposure means for BNO.

Most Active BNO Contracts

Contract	Expiration	DTE	Last	IV	Volume
BNO $60 put	Oct 16, 2026	7d	$0.35	51.8%	3,613
BNO $67.5 call	Oct 16, 2026	7d	$0.55	44.2%	2,361
BNO $67 call	Oct 16, 2026	7d	$0.57	44.9%	2,208
BNO $65 call	Jan 15, 2027	98d	$6.20	48.1%	1,886
BNO $55 call	Oct 16, 2026	7d	$9.06	8.0%	1,714

See all active BNO contracts →

Explore BNO Options Statistics

BNO Implied Volatility

46.9% ATM IV (30d)

An IV rank of 14 places implied volatility in the lower part of its 52-week range.

Full implied volatility analysis →

BNO Open Interest

0.23 put/call OI ratio

251,000 calls and 58,482 puts outstanding across all expirations.

Full open interest analysis →

BNO Max Pain

$52 max pain

18.5% below the last close — see how max pain has moved over the past year.

Full max pain analysis →

BNO Gamma Exposure

$2.18B net GEX

Positive dealer gamma — hedging currently leans against price swings.

Full gamma exposure analysis →

BNO Options Volume

20,121 contracts traded

Put/call volume ratio 0.40 — plus contracts running far above their usual volume.

Full volume & flow analysis →

BNO Most Active Options

$60 top volume strike

The 25 most actively traded BNO contracts with price, IV, greeks, and volume vs. average.

Full active contracts analysis →

Upcoming Earnings

BNO's next expected earnings date is Nov 8, 2026. Options currently price a ±$9.27 (±14.5%) move for the front expiration.

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BNO Options FAQ

When is BNO's next earnings date?

BNO's next expected earnings date is Nov 8, 2026. Options currently price a ±$9.27 (±14.5%) move for the front expiration.

How often is BNO options data on this page updated?

All BNO statistics on this page are computed by OptiView from delayed OPRA options data and refresh every trading day after the session close.

Where can I see BNO max pain, open interest, and implied volatility in detail?

OptiView publishes dedicated BNO pages for implied volatility, max pain, open interest, gamma exposure, options volume, and the most active contracts — each with charts, history, and a plain-English explanation of what the numbers mean.

Methodology. IV rank compares the current 30-day at-the-money implied volatility with its highest and lowest values over the past 52 weeks. Max pain is the strike that minimizes the total payout to option holders at expiration. The call and put walls are the strikes carrying the largest call and put open interest across all expirations. Net gamma exposure (GEX) is measured from the dealer perspective. All statistics are derived from delayed OPRA options data.

Options trading involves significant risk, and losses can exceed your initial investment. Always consult a licensed financial professional before making investment decisions. OptiView does not provide financial advice; all figures on this page are descriptive statistics, not recommendations.