Communication Services

Kanzhun Limited (BZ) options and signal

Figures as of 28 Sep 2026

BZ is Kanzhun Limited, a Communication Services name the model ranks every trading day. The options figures are from the close on 28 Sep 2026. The model's figures are from 25 Sep 2026, one trading day behind the latest, as the Free plan shows them. Every model figure is paper trading.

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At a glance

Figure	Value	Date
IV rank	0 of 100	28 Sep
At the money IV	37.3%	28 Sep
Priced move to 16 Oct	8.3% down, 8.5% up	28 Sep
Call wall and put wall	Both 15	28 Sep
Signal and the desk's view	No signal, view bullish	25 Sep
Last close	14.18	28 Sep
Next report	17 Nov 2026	28 Sep

Options Snapshot

BZ's IV rank is 0 of 100 on 28 Sep 2026.

Figure	Value
IV rank	0 of 100
At the money IV	37.3%, near month, 18 days
Put/call ratio, open interest	0.21
Call open interest, strikes captured near the price	8,600 contracts
Put open interest, strikes captured near the price	1,770 contracts
Cost to trade at the money	Wide, 74.3% of the option's mid price

IV rank is where the at the money IV sits among BZ's own weekly readings, 0 the lowest and 100 the highest.

From the option chain at the close on 28 Sep 2026. Current on every plan.

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Priced Range

On 28 Sep 2026, BZ options priced a move of 8.3 percent down and 8.5 percent up by 16 Oct 2026.

Expiry	Days	Down	Up	Range
16 Oct 2026	18	8.3%	8.5%	13.01 to 15.39
20 Nov 2026	53	14.7%	15.4%	12.09 to 16.36
15 Jan 2027	109	23.8%	21.7%	10.81 to 17.26
16 Apr 2027	200	33.3%	33.3%	9.46 to 18.90

The range is one standard deviation either side of the close of 14.18, as the option prices imply it.

A priced move restates option prices at the close and says nothing certain about where the price goes.

Thin quote at that expiry; its neighbours' reading stands in.

From the option chain at the close on 28 Sep 2026. Current on every plan.

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Gamma Map

On 28 Sep 2026, BZ's call wall and put wall are both at the 15 strike.

Figure	Value
Call wall, most open call gamma	15
Put wall, most open put gamma	15
Flip strike, where net gamma changes sign	12.77
Net dollar gamma, calls minus puts	$173,672
Total dollar gamma, both sides	$277,061
Close	14.18

Dollar gamma is stated for a one percent move in the price.

Net is calls minus puts under the standard convention, not a record of who holds the contracts.

From the option chain at the close on 28 Sep 2026. Current on every plan.

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Volatility History

On 28 Sep 2026, BZ's at the money IV is 37.3 percent against 20 day realized volatility of 32.7 percent.

Figure	Value
At the money IV	37.3%
Realized volatility, 20 trading days	32.7%
Realized volatility, 60 trading days	51.2%
IV against its own weekly record	Low, in the bottom fifth
Weekly readings on record	224, from 24 Dec 2021
Weeks the price moved more than the one week priced move	23.8% of 223 weeks

Realized volatility is worked out from the daily closes the desk holds, not from the option chain.

From the option chain at the close on 28 Sep 2026. Current on every plan.

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Volatility Weather

On 28 Sep 2026, BZ's at the money IV runs from 37.3 percent at 18 days to 45.0 percent at 200 days.

Days to expiry	At the money IV
18	37.3%
53	38.6%
109	43.5%
200	45.0%

Far expiries price more volatility than near ones, an upward sloping term structure.

From the option chain at the close on 28 Sep 2026. Current on every plan.

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Volatility Surface

On 28 Sep 2026, BZ's surface spans 4 expiries out to 200 days, with IV from 37.0 to 45.0 percent near the price.

Figure	Value
Expiries captured	4
Nearest expiry	16 Oct 2026, 18 days
Farthest expiry	16 Apr 2027, 200 days
Points within 10% of the price, 7 days out or more	4
Lowest IV among them	37.0%
Highest IV among them	45.0%

From the option chain at the close on 28 Sep 2026. Current on every plan.

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Expiry Ladder

On 28 Sep 2026, BZ has 4 captured expiries, from 16 Oct 2026 to 16 Apr 2027.

Expiry	Days	At the money IV	Call open interest	Put open interest
16 Oct 2026	18	37.3%	2,420	915
20 Nov 2026	53	38.6%	1,048	147
15 Jan 2027	109	43.5%	4,932	533
16 Apr 2027	200	45.0%	205	174

Open interest is summed over the strikes captured near the price on each expiry.

From the option chain at the close on 28 Sep 2026. Current on every plan.

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Strike Table

On 28 Sep 2026, BZ's largest open interest sits at the 15 strike, with 4,285 contracts across the captured expiries.

Strike	Call open interest	Put open interest	Total
15	3,661	624	4,285
20	3,390	8	3,398
17.5	1,185	229	1,414
12.5	55	774	829
22.5	214	0	214
10	2	124	126

From the option chain at the close on 28 Sep 2026. Current on every plan.

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Since Yesterday

From 25 Sep 2026 to 28 Sep 2026, BZ's at the money IV moved from 27.7 percent to 37.3 percent.

Figure	25 Sep	28 Sep	Change
At the money IV	27.7%	37.3%	+9.6 points
Open interest, strikes captured near the price	10,241	10,374	+133
Put/call ratio, open interest	0.20	0.21	+0.00

Open interest changes cannot identify buyers or sellers.

From the option chain at the close on 28 Sep 2026. Current on every plan.

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Changed Hands

On 28 Sep 2026, 742 BZ option contracts traded, 0.9 times its own recent average.

Figure	Value
Calls traded	551
Puts traded	191
Against its recent average	0.9 times
Busier than	3 of its last 13 trading days
Open interest, whole chain	11,886 contracts
Volume to open interest	0.06
Unusual volume flag	No

Traded volume and open interest are shown side by side and never combined. Open interest changes cannot identify buyers or sellers.

From the option chain at the close on 28 Sep 2026. Current on every plan.

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Positioning Replay

The replay holds 14 trading days of BZ's option positioning, from 9 Sep 2026 to 28 Sep 2026.

Date	Close	Net dollar gamma	Top call strike	Top put strike
9 Sep 2026	16.07	$132,278	15	17.5
21 Sep 2026	14.44	$129,529	15	15
28 Sep 2026	14.18	$173,672	15	15

Each frame restates one nightly capture. Net is calls minus puts, a convention, not who holds the contracts.

From the option chain at the close on 28 Sep 2026. Current on every plan.

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Read-out

On 25 Sep 2026 the desk's view of BZ was bullish, paper trading.

Figure	Value
Side	Bullish at 45 trading days, no signal
Level above the close	14.22, the swing high of 21 Sep 2026
Level below the close	12.83, the swing low of 30 Jun 2026, a close past it runs against the view
The chart	Sits against the view
Strategy family	Bull call spread (buy a call spread)
Price target	None. The desk has no price model.

The levels are prices the shares turned at on the chart, with the date of each.

Paper trading. The model's figures from 25 Sep 2026, one trading day behind, as the Free plan shows them.

Open Read-out in RingMaster The Read-out guide

Rank by Timeframe

On 25 Sep 2026 BZ sat at the 71st percentile of the model's 45 trading day ranking, paper trading.

Timeframe	Percentile	Side
10 trading days	80 of 100	Neutral
20 trading days	89 of 100	Bullish
45 trading days	71 of 100	Neutral

100 is the top of the ranking. A name in the middle three fifths is neutral.

Paper trading. The model's figures from 25 Sep 2026, one trading day behind, as the Free plan shows them.

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Timeframe Agreement

On 25 Sep 2026, 1 of 3 timeframes put BZ on the bullish side, paper trading.

Group	Timeframes	Side	On that side
Near	10 day, 20 day	Bullish	1 of 2
Long	45 day	Neutral	0 of 1

Paper trading. The model's figures from 25 Sep 2026, one trading day behind, as the Free plan shows them.

Open Timeframe Agreement in RingMaster The Timeframe Agreement guide

Signal History

On 25 Sep 2026 BZ had carried no signal for at least 14 trading days, paper trading.

Trading day	Signal	45 day percentile
25 Sep 2026	None	71 of 100
24 Sep 2026	None	89 of 100
23 Sep 2026	None	88 of 100
22 Sep 2026	None	94 of 100
21 Sep 2026	None	81 of 100
18 Sep 2026	None	76 of 100
17 Sep 2026	None	65 of 100
16 Sep 2026	None	49 of 100

Paper trading. The model's figures from 25 Sep 2026, one trading day behind, as the Free plan shows them.

Open Signal History in RingMaster The Signal History guide

Sector Split

On 25 Sep 2026, 10 of 37 Communication Services names were bullish and 12 were bearish, paper trading.

Sector	Names	Bullish	Bearish	Neutral
Communication Services	37	10	12	15

Paper trading. The model's figures from 25 Sep 2026, one trading day behind, as the Free plan shows them.

Open Sector Split in RingMaster The Sector Split guide

Price Chart

BZ closed at 14.18 on 28 Sep 2026.

Figure	Value
Last close	14.18
Change over 5 trading days	-1.8%
Change over 21 trading days	-21.2%
Change over 63 trading days	+9.3%
Change over 252 trading days	-39.7%
52 week high	24.65
52 week low	12.57
20 day moving average	15.64
50 day moving average	15.98
200 day moving average	15.81
RSI, 14 days	35

Worked out from the desk's own daily bars, adjusted for share splits.

From the daily bars through 28 Sep 2026. Current on every plan.

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Earnings Radar

BZ reports next on 17 Nov 2026, a date confirmed by the company.

Figure	Value
Next report	17 Nov 2026
Date	Confirmed by the company

Earnings calendar as of 28 Sep 2026. Current on every plan.

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Seasonality

In the 5 Septembers on record, BZ's average change was plus 2.0 percent, and it rose in 40.0 percent of them.

Month	Average change	Middle change	Share of years up	Years
September	+2.0%	-1.1%	40.0%	5
October	-12.3%	-5.1%	0.0%	5
November	+13.5%	-0.3%	40.0%	5

Each figure is a month end to month end change in past years. A past month says nothing certain about the next one.

Monthly history through 28 Sep 2026. Current on every plan.

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Headlines

The desk's news feeds carried 1 headline naming BZ in the 3 days to 28 Sep 2026.

Figure	Value
Headlines in the window	1
Latest	28 Sep 2026

The titles are in the Headlines window, with the time each was published.

Headlines as of 28 Sep 2026. Current on every plan.

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Questions

What is BZ's IV rank?: BZ's IV rank is 0 of 100 on 28 Sep 2026.
What move are BZ options pricing?: On 28 Sep 2026, BZ options priced a move of 8.3 percent down and 8.5 percent up by 16 Oct 2026.
Where are BZ's call wall and put wall?: On 28 Sep 2026, BZ's call wall and put wall are both at the 15 strike.
What was the desk's latest view of BZ on the Free plan?: On 25 Sep 2026 the desk's view of BZ was bullish, paper trading.
When does BZ report earnings next?: BZ reports next on 17 Nov 2026, a date confirmed by the company.

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