Primary read
Bullish
Call-side pressure
Ticker Options Intelligence
BMNR options intelligence
BitMine Immersion Technologies, Inc. options pressure, expected move, strike concentration, and Sharemaestro trend context.
Conviction
40
Market data through 30 Jul 2026
Checked 31 Jul 2026 11:03 · complete available chain
Call-side pressure
Bullish pressure
BMNR currently carries bullish options pressure with a 40/100 conviction score. The nearest-chain expected move is 14.4%, with volume/open-interest participation at 0.08.
Expected move
14.4%
Wider near-term move priced
Activity / OI
0.08
Current volume is quieter versus prior open interest
Put-call
0.44
Call-side skew
Trend fit
7
Options are not fully confirming trend
Weekly backdrop
+9.4%
RS -48.2
Expected move
14.4%
Put-call volume
0.44
Volume / OI
0.08
Reference IV
1.72
Max pain
16.50
Underlying
15.79
Nearest expiry
31 Jul 2026
Contracts
956
Research Brief
BMNR has a bullish chain read with 40/100 evidence alignment.
The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 13.51–18.07; The largest call open-interest concentration is 20.00; the largest put concentration is 16.50. The most active strike by current volume is 18.00.
Priced range13.51–18.07
Call concentration20.00
Put concentration16.50
Max pain reference16.50
- 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.
- Front-expiry volatility is rich, so the signal may be event-driven and vulnerable to volatility compression.
Priced Move
Where the chain says movement becomes exceptional
Options imply 13.51 to 18.07. Max pain at 16.50 sits inside that range, 4.5% above spot.
Spot
Max pain
13.5115.79 ± 2.2818.07
Confirmation level
A close beyond 18.07 or below 13.51 at the 31 Jul 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 40/100
Pressure is 47/100 toward calls; conviction uses its strength, while the signal label carries its direction.
Directional pressure47 × 42%
+19.6
How strongly activity leans toward calls or puts.
Participation42 × 22%
+9.2
Volume relative to existing open interest and contract-level activity.
Trend agreement7 × 26%
+1.9
How closely the chain read agrees with the underlying trend backdrop.
Volatility96 × 10%
+9.6
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 20.00; the largest put concentration is 16.50. The most active strike by current volume is 18.00. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.
Put open interestStrikeCall open interest
3950
9.00-43.0%
7
5116
10.00-36.7%
207
4028
11.00-30.3%
7
5295
15.00-5.0%
2533
1736
15.50-1.8%
1421
1913
16.001.3%
5341
13299
16.504.5%
4584
3314
17.007.7%
9610
1333
17.5010.8%
9742
630
18.0014.0%
8894
150
18.5017.2%
6210
217
19.0020.3%
10116
60
19.5023.5%
4813
246
20.0026.7%
14185
8
20.5029.8%
2988
60
21.0033.0%
4523
7
21.5036.2%
9477
Nearest spot strike Max pain strikeBars show relative OI within this expiry
Volatility Curve
Front-loaded volatility
Near-term options are materially richer than later expirations, consistent with concentrated event or immediate-risk pricing.
1.72
31 Jul
1d
1.00
7 Aug
8d
0.87
14 Aug
15d
0.83
21 Aug
22d
0.81
28 Aug
29d
0.81
4 Sep
36d
0.86
11 Sep
43d
0.84
18 Sep
50d
Volatility by Strike
Downside protection premium
Out-of-the-money puts carry higher implied volatility than comparable calls, indicating richer downside protection.
13
14
14
15
15
16
16
17
17
18
18
19
Put IV Call IV
Historical Replay
How matured reads behaved through expiry
Forward validation is building. The earliest eligible stored read expires 31 Jul 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
Usable with limits
Retained chain100%
Implied volatility100%
Two-sided quotes100%
Open interest100%
- Chain status
- Complete available chain
- Market date
- 30 Jul 2026
- Calculation
- v2.0
- Contracts
- 956 / 956
- 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
Short-dated OTM call concentration
Call activity is concentrated in upside and shorter-dated contracts; trade direction remains unconfirmed without aggressor data.
Options pressure and weekly price action are pointing in the same constructive direction.
Short-dated OTM call concentration matters because it connects the options headline to the actual evidence: $11.7M of estimated gross traded notional, calls · 91+ 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+47
1W price+9.4%
Call premium73%
Put premium27%
Notional split
C 73% / P 27%
Estimated gross traded notional uses volume × contract multiplier × midpoint, or last price when no valid midpoint is available.
Freshness
0.08
Volume divided by open interest across the visible chain.
Trend fit
7/100
Agreement between options pressure and Sharemaestro market context.
Aggregate chain data does not identify trade aggressor or opening versus closing activity; call/put concentration is not proof of market direction.
Calls · 91+ days · OTM
calls cluster with 8829 contracts traded, $2.1M estimated gross traded notional, and 18% of visible notional.
$2.1M
Calls · 0-7 days · OTM
calls cluster with 46024 contracts traded, $2.0M estimated gross traded notional, and 17% of visible notional.
$2.0M
Puts · 91+ days · ITM
puts cluster with 2323 contracts traded, $1.3M estimated gross traded notional, and 11% of visible notional.
$1.3M
Calls · 8-21 days · OTM
calls cluster with 10959 contracts traded, $856957 estimated gross traded notional, and 7% of visible notional.
$856957
Calls · 0-7 days · ITM
calls cluster with 2188 contracts traded, $737134 estimated gross traded notional, and 6% of visible notional.
$737134
Setup Classification
Opportunity and risk frame
The tape is pricing or displaying unusually elevated activity.
Expected move or upcoming earnings makes the setup more event-sensitive.
Options positioning is not confirming the underlying trend context.
Activity Anomaly
Warming up
2 of 10 completed market sessions are available. More session history is needed before activity can be compared with a reliable normal.
Baseline: 2 completed sessions
Volume rank-
Volume/OI rank-
IV rank-
Market Context
Underlying confirmation
Close17.28
1W+9.4%
RS-48.2
Fair value-43.9%
Options pressure47
Speculation42
Volatility96
Trend fit7
Today Versus Normal
Stored-options context
30d avg - · 2/10 sessions
-
90d avg - · 2/30 sessions
-
180d avg - · 2/60 sessions
-
30d avg - · 2/10 sessions
-
90d avg - · 2/30 sessions
-
180d avg - · 2/60 sessions
-
30d avg - · 2/10 sessions
-
90d avg - · 2/30 sessions
-
180d avg - · 2/60 sessions
-
30d avg - · 2/10 sessions
-
90d avg - · 2/30 sessions
-
180d avg - · 2/60 sessions
-
Pressure Trail
Recent pressure and volatility
29 Jul 10:26
Bullish
Pressure 33
Move 11.8%
30 Jul 06:16
Bullish
Pressure 41
Move 6.9%
31 Jul 10:03
Bullish
Pressure 47
Move 14.4%
Strike Map
Where activity is clustering
Strike5.00
Calls · V 2 · OI 9
Puts · V 0 · OI 0
Strike6.00
Calls · V 2 · OI 10
Puts · V 0 · OI 41
Strike7.00
Calls · V 1 · OI 7
Puts · V 0 · OI 0
Strike8.00
Calls · V 4 · OI 7
Puts · V 0 · OI 600
Strike9.00
Calls · V 5 · OI 7
Puts · V 0 · OI 3950
Strike10.00
Calls · V 7 · OI 207
Puts · V 0 · OI 5116
Strike10.50
Calls · V 4 · OI 5
Puts · V 0 · OI 535
Strike11.00
Calls · V 2 · OI 7
Puts · V 0 · OI 4028
Term Structure
Expiration activity
Expiry31 Jul 2026
Contracts86
Avg IV1.72
Put-call0.26
Expiry7 Aug 2026
Contracts96
Avg IV1.00
Put-call0.82
Expiry14 Aug 2026
Contracts94
Avg IV0.87
Put-call0.18
Expiry21 Aug 2026
Contracts110
Avg IV0.83
Put-call0.64
Expiry28 Aug 2026
Contracts84
Avg IV0.81
Put-call0.27
Skew
Call/put IV balance
31 Jul 2026Put IV premium
Call IV1.00
Put IV1.45
Skew0.45
7 Aug 2026Put IV premium
Call IV0.69
Put IV0.89
Skew0.20
14 Aug 2026Balanced skew
Call IV0.82
Put IV0.78
Skew-0.05
21 Aug 2026Balanced skew
Call IV0.82
Put IV0.82
Skew-
28 Aug 2026Balanced skew
Call IV0.83
Put IV0.83
Skew-
Contract Tape
Most active contracts
ContractBMNR260807P00010000
SidePut
Expiry7 Aug 2026
Strike10.00
Volume6916
OI3215
IV1.69
ContractBMNR260731C00018500
SideCall
Expiry31 Jul 2026
Strike18.50
Volume6443
OI6210
IV1.00
ContractBMNR260731C00018000
SideCall
Expiry31 Jul 2026
Strike18.00
Volume6202
OI8894
IV1.00
ContractBMNR260731C00017500
SideCall
Expiry31 Jul 2026
Strike17.50
Volume4346
OI9742
IV1.06
ContractBMNR260731C00019000
SideCall
Expiry31 Jul 2026
Strike19.00
Volume4300
OI10116
IV1.00
ContractBMNR260807C00020000
SideCall
Expiry7 Aug 2026
Strike20.00
Volume4098
OI4023
IV0.81
ContractBMNR260807C00019000
SideCall
Expiry7 Aug 2026
Strike19.00
Volume3332
OI1812
IV0.81
ContractBMNR260821P00010000
SidePut
Expiry21 Aug 2026
Strike10.00
Volume3008
OI4077
IV1.33
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
No upcoming matched earnings event.
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.