Primary read
Bullish
Call-side pressure
Ticker Options Intelligence
BLOK options intelligence
AMPLIFY BLOCKCHAIN TECHNOLOGY ETF options pressure, expected move, strike concentration, and Sharemaestro trend context.
Conviction
42
Market data through 21 Sep 2026
Checked 22 Sep 2026 12:46 · complete available chain
Call-side pressure
Bullish pressure
BLOK currently carries bullish options pressure with a 42/100 conviction score. The nearest-chain expected move is 9.0%, with volume/open-interest participation at 0.12.
Expected move
9.0%
Wider near-term move priced
Activity / OI
0.12
Current volume is quieter versus prior open interest
Put-call
0.62
Call-side skew
Trend fit
59
Options are not fully confirming trend
Weekly backdrop
+1.5%
RS -1.6
Expected move
9.0%
Put-call volume
0.62
Volume / OI
0.12
Reference IV
0.41
Max pain
64.00
Underlying
64.86
Nearest expiry
16 Oct 2026
Contracts
254
Research Brief
BLOK has a bullish chain read with 42/100 evidence alignment.
The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 59.03–70.69; The largest call open-interest concentration is 66.00; the largest put concentration is 54.00. The most active strike by current volume is 65.00.
Priced range59.03–70.69
Call concentration66.00
Put concentration54.00
Max pain reference64.00
- Price holds or improves while call-side concentration remains elevated.
- Participation is above the ticker's stored normal, which makes the read more noteworthy.
- 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 59.03 to 70.69. Max pain at 64.00 sits inside that range, 1.3% below spot.
Spot
Max pain
59.0364.86 ± 5.8370.69
Confirmation level
A close beyond 70.69 or below 59.03 at the 16 Oct 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 42/100
Pressure is 31/100 toward calls; conviction uses its strength, while the signal label carries its direction.
Directional pressure31 × 42%
+12.9
How strongly activity leans toward calls or puts.
Participation32 × 22%
+7.1
Volume relative to existing open interest and contract-level activity.
Trend agreement59 × 26%
+15.3
How closely the chain read agrees with the underlying trend backdrop.
Volatility64 × 10%
+6.4
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 66.00; the largest put concentration is 54.00. The most active strike by current volume is 65.00. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.
Put open interestStrikeCall open interest
2
52.00-19.8%
0
12
54.00-16.7%
0
5
56.00-13.7%
0
6
57.00-12.1%
0
2
58.00-10.6%
0
12
59.00-9.0%
0
2
60.00-7.5%
0
2
62.00-4.4%
1
0
63.00-2.9%
0
1
64.00-1.3%
5
0
65.000.2%
15
0
66.001.8%
16
0
67.003.3%
3
0
68.004.8%
7
0
70.007.9%
3
0
71.009.5%
11
0
75.0015.6%
11
Nearest spot strike Max pain strikeBars show relative OI within this expiry
Gamma Profile by Strike
Positive gamma proxy
Call-side gamma sensitivity outweighs the put-side proxy across the retained chain. The largest bars mark levels where delta-hedging sensitivity may be most concentrated.
Net profile+$35,748Delta change / 1% move
Positive peak71.00+$5,488
Negative peak90.00-$1,338
Nearest balance59.38Interpolated sign change
StrikeNegativePositiveNet / 1% move
54.00-16.7%
-$76
55.00-15.2%
-$19
56.00-13.7%
+$139
57.00-12.1%
+$833
58.00-10.6%
-$231
59.00-9.0%
-$1,032
60.00-7.5%
+$1,668
61.00-6.0%
+$536
62.00-4.4%
+$4,849
63.00-2.9%
+$155
64.00-1.3%
+$1,130
65.000.2%
+$4,108
66.001.8%
+$4,097
67.003.3%
+$1,646
68.004.8%
+$1,740
69.006.4%
+$557
70.007.9%
+$4,539
71.009.5%
+$5,488
72.0011.0%
-$134
73.0012.6%
+$145
75.0015.6%
+$4,747
Positive call-side proxy Negative put-side proxyHighlighted row is nearest spot strike
Scenario proxy = gamma × open interest × 100 shares × spot² × 1%. Calls are positive and puts negative by convention. Missing Greeks use a Black-Scholes estimate from stored IV with zero rate and dividend assumptions. Open interest does not reveal who is long or short, so this is not observed dealer positioning or a forecast.
Volatility Curve
Balanced volatility curve
Near- and longer-dated implied volatility are broadly aligned; no exceptional front-expiry premium is visible.
0.41
16 Oct
25d
0.43
20 Nov
60d
0.43
19 Feb
151d
0.43
21 May
242d
Volatility by Strike
Upside optionality premium
Out-of-the-money calls carry higher implied volatility than comparable puts, indicating richer upside optionality.
52
53
54
55
56
57
58
59
60
61
62
63
64
65
66
67
68
69
70
71
75
Put IV Call IV
Historical Replay
How matured reads behaved through expiry
Across 8 stored directional transitions, the next stored price moved in the labelled direction 75% of the time.
Directional follow-through75%
Moves contained by pricing100%
Average expiry move3.5%
17 Sep
Bullish · 39
1.5% through expiry
3.8% priced · v2.0
15 Sep
Bullish · 33
1.5% through expiry
4.8% priced · v2.0
11 Sep
Bullish · 57
1.5% through expiry
5.4% priced · v2.0
9 Sep
Bullish · 47
-0.6% through expiry
4.9% priced · v2.0
4 Sep
Bullish · 49
-0.6% through expiry
5.9% priced · v2.0
2 Sep
Bullish · 49
4.5% through expiry
7.1% priced · v2.0
31 Aug
Mixed · 40
4.5% through expiry
7.3% priced · v2.0
14 Aug
Bullish · 39
3.7% through expiry
4.1% priced · v2.0
4 Aug
Mixed · 34
6.2% through expiry
10.7% priced · v2.0
3 Aug
Volatility · 52
6.2% through expiry
10.1% priced · v2.0
31 Jul
Volatility · 47
6.2% through expiry
11.3% priced · v2.0
30 Jul
Bullish · 38
4.5% through expiry
8.6% priced · v2.0
Eligible snapshots must have a dated market session, stored signal, and point-in-time market reference. Each observation uses one read per market session and the first stored weekly close on or immediately after expiry; its original calculation version is retained. 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
- 21 Sep 2026
- Calculation
- v2.0
- Contracts
- 254 / 254
- 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
Call-heavy activity with trend alignment
Call concentration and the underlying trend align, but aggregate volume cannot establish whether calls were bought or sold.
Options pressure and weekly price action are pointing in the same constructive direction.
Call-heavy activity with trend alignment matters because it connects the options headline to the actual evidence: $33,162 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+31
1W price+1.5%
Call premium80%
Put premium20%
Notional split
C 80% / P 20%
Estimated gross traded notional uses volume × contract multiplier × midpoint, or last price when no valid midpoint is available.
Freshness
0.12
Volume divided by open interest across the visible chain.
Trend fit
59/100
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 20 contracts traded, $15,800 estimated gross traded notional, and 48% of visible notional.
$15,800
Calls · 22-45 days · OTM
calls cluster with 19 contracts traded, $3,650 estimated gross traded notional, and 11% of visible notional.
$3,650
Puts · 91+ days · OTM
puts cluster with 6 contracts traded, $2,580 estimated gross traded notional, and 8% of visible notional.
$2,580
Puts · 22-45 days · ATM
puts cluster with 10 contracts traded, $2,452 estimated gross traded notional, and 7% of visible notional.
$2,452
Calls · 22-45 days · ATM
calls cluster with 7 contracts traded, $2,380 estimated gross traded notional, and 7% of visible notional.
$2,380
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.
Underlying price is close to the max-pain zone.
Call pressure is building while the stock sits above Sharemaestro fair value.
Activity Anomaly
Above normal
Activity is running above the recent historical baseline.
Baseline: 14 completed sessions
Volume rank100th
Volume/OI rank100th
IV rank29th
Market Context
Underlying confirmation
Close64.86
1W+1.5%
RS-1.6
Fair value+42.1%
Options pressure31
Speculation32
Volatility64
Trend fit59
Today Versus Normal
Stored-options context
30d avg - · 7/10 sessions
-
90d avg - · 14/30 sessions
-
180d avg - · 14/60 sessions
-
30d avg - · 7/10 sessions
-
90d avg - · 14/30 sessions
-
180d avg - · 14/60 sessions
-
30d avg - · 7/10 sessions
-
90d avg - · 14/30 sessions
-
180d avg - · 14/60 sessions
-
30d avg - · 7/10 sessions
-
90d avg - · 14/30 sessions
-
180d avg - · 14/60 sessions
-
Pressure Trail
Recent pressure and volatility
29 Jul 12:01
Volatility
Pressure 100
Move 9.8%
30 Jul 11:35
Bullish
Pressure 50
Move 11.2%
31 Jul 11:13
Bullish
Pressure 40
Move 8.6%
2 Aug 18:31
Mixed
Pressure 11
Move 14.1%
3 Aug 11:01
Volatility
Pressure -53
Move 11.3%
4 Aug 12:12
Volatility
Pressure 100
Move 10.1%
5 Aug 12:35
Mixed
Pressure 16
Move 10.7%
17 Aug 13:24
Bullish
Pressure 67
Move 4.1%
Strike Map
Where activity is clustering
Strike45.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike47.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike48.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike49.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike50.00
Calls · V 0 · OI 0
Puts · V 0 · OI 1
Strike51.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike52.00
Calls · V 0 · OI 0
Puts · V 0 · OI 2
Strike53.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Term Structure
Expiration activity
Expiry16 Oct 2026
Contracts54
Avg IV0.41
Put-call0.96
Expiry20 Nov 2026
Contracts84
Avg IV0.43
Put-call-
Expiry19 Feb 2027
Contracts66
Avg IV0.43
Put-call-
Expiry21 May 2027
Contracts50
Avg IV0.43
Put-call0.27
Skew
Call/put IV balance
16 Oct 2026Balanced skew
Call IV0.36
Put IV0.38
Skew0.02
20 Nov 2026Put IV premium
Call IV0.38
Put IV0.49
Skew0.12
19 Feb 2027Put IV premium
Call IV0.41
Put IV0.46
Skew0.06
21 May 2027Put IV premium
Call IV0.39
Put IV0.44
Skew0.06
Contract Tape
Most active contracts
ContractBLOK261016C00070000
SideCall
Expiry16 Oct 2026
Strike70.00
Volume11
OI3
IV0.41
ContractBLOK270521C00067000
SideCall
Expiry21 May 2027
Strike67.00
Volume10
OI-
IV0.39
ContractBLOK270521C00073000
SideCall
Expiry21 May 2027
Strike73.00
Volume10
OI-
IV0.39
ContractBLOK261016P00065000
SidePut
Expiry16 Oct 2026
Strike65.00
Volume8
OI-
IV0.50
ContractBLOK261016P00063000
SidePut
Expiry16 Oct 2026
Strike63.00
Volume7
OI-
IV0.38
ContractBLOK261016C00067000
SideCall
Expiry16 Oct 2026
Strike67.00
Volume6
OI3
IV0.39
ContractBLOK261016P00058000
SidePut
Expiry16 Oct 2026
Strike58.00
Volume6
OI2
IV0.61
ContractBLOK261016C00065000
SideCall
Expiry16 Oct 2026
Strike65.00
Volume4
OI15
IV0.32
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.