Primary read
Bullish
Call-side pressure
Ticker Options Intelligence
FLNG options intelligence
FLEX LNG Ltd options pressure, expected move, strike concentration, and Sharemaestro trend context.
Conviction
49
Market data through 31 Jul 2026
Checked 1 Aug 2026 15:55 · complete available chain
Call-side pressure
Bullish pressure
FLNG currently carries bullish options pressure with a 49/100 conviction score. The nearest-chain expected move is 6.2%, with volume/open-interest participation at 0.00.
Expected move
6.2%
Wider near-term move priced
Activity / OI
0.00
Current volume is quieter versus prior open interest
Put-call
0.00
Call-side skew
Trend fit
0
Options are not fully confirming trend
Weekly backdrop
+1.2%
RS 7.9
Expected move
6.2%
Put-call volume
-
Volume / OI
0.00
Reference IV
0.32
Max pain
28.00
Underlying
31.21
Nearest expiry
21 Aug 2026
Contracts
168
Research Brief
FLNG has a bullish chain read with 49/100 evidence alignment.
The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 29.28–33.14; The largest call open-interest concentration is 32.00; the largest put concentration is 25.00. The most active strike by current volume is 33.00.
Priced range29.28–33.14
Call concentration32.00
Put concentration25.00
Max pain reference28.00
- Price holds or improves while call-side concentration remains elevated.
- Price weakens while call pressure fades or reverses toward puts.
- Options and the weekly trend are not yet giving the same message.
Priced Move
Where the chain says movement becomes exceptional
Options imply 29.28 to 33.14. Max pain at 28.00 lies outside the priced range, so it is a weak near-term anchor.
Spot
Max pain
29.2831.21 ± 1.9333.14
Confirmation level
A close beyond 33.14 or below 29.28 at the 21 Aug expiry would exceed the move currently priced by this chain.
Important limitation
The range is a pricing reference, not a forecast; volatility can reprice sharply after news or as expiry approaches.
Score Construction
Why conviction is 49/100
Pressure is 100/100 toward calls; conviction uses its strength, while the signal label carries its direction.
Directional pressure100 × 42%
+42.0
How strongly activity leans toward calls or puts.
Participation9 × 22%
+2.0
Volume relative to existing open interest and contract-level activity.
Trend agreement0 × 26%
+0.0
How closely the chain read agrees with the underlying trend backdrop.
Volatility47 × 10%
+4.7
The intensity of implied volatility and the priced move.
Positioning by Strike
Where open interest and current activity concentrate
The largest call open-interest concentration is 32.00; the largest put concentration is 25.00. The most active strike by current volume is 33.00. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.
Put open interestStrikeCall open interest
3291
20.00-35.9%
5
2174
22.00-29.5%
0
112
24.00-23.1%
2
3577
25.00-19.9%
5
616
26.00-16.7%
65
98
27.00-13.5%
208
168
28.00-10.3%
1683
408
29.00-7.1%
706
330
30.00-3.9%
945
241
31.00-0.7%
692
46
32.002.5%
1741
37
33.005.7%
1739
73
34.008.9%
541
22
35.0012.1%
828
1
36.0015.3%
562
6
37.0018.6%
48
0
38.0021.8%
79
Nearest spot strike Max pain strikeBars show relative OI within this expiry
Volatility Curve
Balanced volatility curve
Near- and longer-dated implied volatility are broadly aligned; no exceptional front-expiry premium is visible.
0.32
21 Aug
21d
0.34
18 Sep
49d
0.32
20 Nov
112d
0.32
19 Feb
203d
Volatility by Strike
Downside protection premium
Out-of-the-money puts carry higher implied volatility than comparable calls, indicating richer downside protection.
25
26
27
28
29
30
31
32
33
34
35
36
37
Put IV Call IV
Historical Replay
How matured reads behaved through expiry
Forward validation is building. The earliest eligible stored read expires 21 Aug 2026; its result will appear after the matched closing reference is stored.
Directional follow-through-
Moves contained by pricing-
Average expiry move-
Validation readiness
- Versioned calculationv2 observations only
- Independent entryone read per market session
- Point-in-time referencerequired at entry
- Matched expiry closereported only after maturity
Only v2 snapshots with a point-in-time market reference are eligible. Each observation uses one read per market session and the first weekly close on or immediately after expiry. It is an evidence audit, not an executable strategy or evidence of future performance.
Evidence Quality
High
Retained chain100%
Implied volatility100%
Two-sided quotes100%
Open interest100%
- Chain status
- Complete available chain
- Market date
- 31 Jul 2026
- Calculation
- v2.0
- Contracts
- 168 / 168
- No material coverage gap was detected in the retained chain.
Aggregate chain data supports concentration, participation and pricing analysis. It does not identify trade aggressor, opening versus closing activity, multi-leg intent or dealer inventory.
Options Intent Radar
Earnings/event positioning
Options activity is concentrated around a live event window, so the cleanest read is event positioning rather than pure direction.
Options pressure and weekly price action are pointing in the same constructive direction.
Earnings/event positioning matters because it connects the options headline to the actual evidence: $9792 of estimated gross traded notional, calls · 46-90 days · otm, and a bullish flow confirms price backdrop. Use it as a research priority signal, then validate the chart, liquidity, event calendar, and risk before acting.
Options pressure+100
1W price+1.2%
Call premium100%
Put premium0%
Notional split
C 100% / P 0%
Estimated gross traded notional uses volume × contract multiplier × midpoint, or last price when no valid midpoint is available.
Freshness
0.00
Volume divided by open interest across the visible chain.
Trend fit
0/100
Agreement between options pressure and Sharemaestro market context.
Event window
19 Aug
Matched earnings event is 17 days away.
Aggregate chain data does not identify trade aggressor or opening versus closing activity; call/put concentration is not proof of market direction.
Calls · 46-90 days · OTM
calls cluster with 47 contracts traded, $4440 estimated gross traded notional, and 45% of visible notional.
$4440
Calls · 91+ days · ITM
calls cluster with 4 contracts traded, $3400 estimated gross traded notional, and 35% of visible notional.
$3400
Calls · 8-21 days · OTM
calls cluster with 33 contracts traded, $795 estimated gross traded notional, and 8% of visible notional.
$795
Calls · 8-21 days · ATM
calls cluster with 6 contracts traded, $630 estimated gross traded notional, and 6% of visible notional.
$630
Calls · 91+ days · OTM
calls cluster with 5 contracts traded, $275 estimated gross traded notional, and 3% of visible notional.
$275
Setup Classification
Opportunity and risk frame
Expected move or upcoming earnings makes the setup more event-sensitive.
Options positioning is not confirming the underlying trend context.
Call pressure is building while the stock sits above Sharemaestro fair value.
Activity Anomaly
Warming up
3 of 10 completed market sessions are available. More session history is needed before activity can be compared with a reliable normal.
Baseline: 3 completed sessions
Volume rank-
Volume/OI rank-
IV rank-
Market Context
Underlying confirmation
Close31.21
1W+1.2%
RS7.9
Fair value+36.4%
Options pressure100
Speculation9
Volatility47
Trend fit0
Today Versus Normal
Stored-options context
30d avg - · 3/10 sessions
-
90d avg - · 3/30 sessions
-
180d avg - · 3/60 sessions
-
30d avg - · 3/10 sessions
-
90d avg - · 3/30 sessions
-
180d avg - · 3/60 sessions
-
30d avg - · 3/10 sessions
-
90d avg - · 3/30 sessions
-
180d avg - · 3/60 sessions
-
30d avg - · 3/10 sessions
-
90d avg - · 3/30 sessions
-
180d avg - · 3/60 sessions
-
Pressure Trail
Recent pressure and volatility
29 Jul 11:05
Bullish
Pressure 62
Move 6.1%
30 Jul 10:53
Bullish
Pressure 66
Move 7.2%
31 Jul 10:35
Bullish
Pressure 88
Move 5.8%
1 Aug 14:55
Bullish
Pressure 100
Move 6.2%
Strike Map
Where activity is clustering
Strike15.00
Calls · V 0 · OI 0
Puts · V 0 · OI 2
Strike17.00
Calls · V 0 · OI 0
Puts · V 0 · OI 13
Strike18.00
Calls · V 0 · OI 2
Puts · V 0 · OI 2
Strike19.00
Calls · V 0 · OI 0
Puts · V 0 · OI 11
Strike20.00
Calls · V 0 · OI 5
Puts · V 0 · OI 3291
Strike21.00
Calls · V 0 · OI 3
Puts · V 0 · OI 13
Strike22.00
Calls · V 0 · OI 0
Puts · V 0 · OI 2174
Strike23.00
Calls · V 0 · OI 4
Puts · V 0 · OI 34
Term Structure
Expiration activity
Expiry21 Aug 2026
Contracts50
Avg IV0.32
Put-call-
Expiry18 Sep 2026
Contracts34
Avg IV0.34
Put-call-
Expiry20 Nov 2026
Contracts42
Avg IV0.32
Put-call-
Expiry19 Feb 2027
Contracts42
Avg IV0.32
Put-call-
Skew
Call/put IV balance
21 Aug 2026Put IV premium
Call IV0.29
Put IV0.35
Skew0.06
18 Sep 2026Put IV premium
Call IV0.31
Put IV0.39
Skew0.08
20 Nov 2026Put IV premium
Call IV0.30
Put IV0.38
Skew0.08
19 Feb 2027Put IV premium
Call IV0.30
Put IV0.40
Skew0.10
Contract Tape
Most active contracts
ContractFLNG260918C00032000
SideCall
Expiry18 Sep 2026
Strike32.00
Volume44
OI39
IV0.28
ContractFLNG260821C00033000
SideCall
Expiry21 Aug 2026
Strike33.00
Volume28
OI1739
IV0.29
ContractFLNG260821C00031000
SideCall
Expiry21 Aug 2026
Strike31.00
Volume6
OI692
IV0.31
ContractFLNG261120C00037000
SideCall
Expiry20 Nov 2026
Strike37.00
Volume5
OI653
IV0.31
ContractFLNG260821C00040000
SideCall
Expiry21 Aug 2026
Strike40.00
Volume5
OI24
IV0.42
ContractFLNG260918C00034000
SideCall
Expiry18 Sep 2026
Strike34.00
Volume3
OI14
IV0.31
ContractFLNG261120C00023000
SideCall
Expiry20 Nov 2026
Strike23.00
Volume2
OI30
IV0.01
ContractFLNG270219C00023000
SideCall
Expiry19 Feb 2027
Strike23.00
Volume2
OI8
IV0.21
Research Graph
Related research and context
Sharemaestro research
Related News
No recent ticker-specific news yet.
Market Watch
No recent market-watch posts yet.
Earnings
Plain English Guide
Options context
What usually looks constructive
What usually looks cautious
Options can move quickly and can lose value fast. Treat this as research context, not a buy or sell instruction.