Primary read
Bullish
Call-side pressure
Ticker Options Intelligence
BAM options intelligence
Brookfield Asset Management Ltd. options pressure, expected move, strike concentration, and Sharemaestro trend context.
Conviction
40
Market data through 30 Jul 2026
Checked 31 Jul 2026 11:01 · complete available chain
Call-side pressure
Bullish pressure
BAM currently carries bullish options pressure with a 40/100 conviction score. The nearest-chain expected move is 6.7%, with volume/open-interest participation at 0.02.
Expected move
6.7%
Wider near-term move priced
Activity / OI
0.02
Current volume is quieter versus prior open interest
Put-call
0.25
Call-side skew
Trend fit
2
Options are not fully confirming trend
Weekly backdrop
+4.4%
RS -11.7
Expected move
6.7%
Put-call volume
0.25
Volume / OI
0.02
Reference IV
0.36
Max pain
45.00
Underlying
46.35
Nearest expiry
21 Aug 2026
Contracts
200
Research Brief
BAM 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 43.25–49.45; The largest call open-interest concentration is 47.50; the largest put concentration is 42.50. The most active strike by current volume is 47.50.
Priced range43.25–49.45
Call concentration47.50
Put concentration42.50
Max pain reference45.00
- 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 43.25 to 49.45. Max pain at 45.00 sits inside that range, 2.9% below spot.
Spot
Max pain
43.2546.35 ± 3.1049.45
Confirmation level
A close beyond 49.45 or below 43.25 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 40/100
Pressure is 60/100 toward calls; conviction uses its strength, while the signal label carries its direction.
Directional pressure60 × 42%
+25.3
How strongly activity leans toward calls or puts.
Participation40 × 22%
+8.9
Volume relative to existing open interest and contract-level activity.
Trend agreement2 × 26%
+0.4
How closely the chain read agrees with the underlying trend backdrop.
Volatility52 × 10%
+5.2
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 47.50; the largest put concentration is 42.50. The most active strike by current volume is 47.50. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.
Put open interestStrikeCall open interest
0
25.00-46.1%
0
0
27.50-40.7%
0
0
30.00-35.3%
0
7
32.50-29.9%
0
16
35.00-24.5%
1
243
37.50-19.1%
155
1008
40.00-13.7%
203
1082
42.50-8.3%
22
1071
45.00-2.9%
684
294
47.502.5%
811
391
50.007.9%
621
20
52.5013.3%
418
2
55.0018.7%
401
0
57.5024.1%
91
0
60.0029.4%
4
0
65.0040.2%
0
0
70.0051.0%
1
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.
0.36
21 Aug
22d
0.34
18 Sep
50d
0.33
16 Oct
78d
0.33
15 Jan
169d
0.36
21 Jan
540d
Volatility by Strike
Downside protection premium
Out-of-the-money puts carry higher implied volatility than comparable calls, indicating richer downside protection.
38
40
43
45
48
50
53
55
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
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
- 200 / 200
- 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: $202165 of estimated gross traded notional, calls · 91+ days · itm, 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+60
1W price+4.4%
Call premium96%
Put premium4%
Notional split
C 96% / P 4%
Estimated gross traded notional uses volume × contract multiplier × midpoint, or last price when no valid midpoint is available.
Freshness
0.02
Volume divided by open interest across the visible chain.
Trend fit
2/100
Agreement between options pressure and Sharemaestro market context.
Event window
5 Aug
Matched earnings event is 4 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 · 91+ days · ITM
calls cluster with 180 contracts traded, $173700 estimated gross traded notional, and 86% of visible notional.
$173700
Calls · 91+ days · OTM
calls cluster with 30 contracts traded, $12132 estimated gross traded notional, and 6% of visible notional.
$12132
Calls · 8-21 days · ATM
calls cluster with 30 contracts traded, $5475 estimated gross traded notional, and 3% of visible notional.
$5475
Puts · 91+ days · OTM
puts cluster with 21 contracts traded, $3420 estimated gross traded notional, and 2% of visible notional.
$3420
Calls · 46-90 days · ATM
calls cluster with 11 contracts traded, $2818 estimated gross traded notional, and 1% of visible notional.
$2818
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.
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
Close48.40
1W+4.4%
RS-11.7
Fair value+7.4%
Options pressure60
Speculation40
Volatility52
Trend fit2
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 10:04
Mixed
Pressure 0
Move 7.3%
30 Jul 10:03
Bullish
Pressure 55
Move 7.1%
31 Jul 10:01
Bullish
Pressure 60
Move 6.7%
Strike Map
Where activity is clustering
Strike25.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike27.50
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike30.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike32.50
Calls · V 0 · OI 0
Puts · V 0 · OI 7
Strike35.00
Calls · V 0 · OI 1
Puts · V 0 · OI 16
Strike37.50
Calls · V 0 · OI 155
Puts · V 0 · OI 243
Strike40.00
Calls · V 0 · OI 203
Puts · V 3 · OI 1008
Strike42.50
Calls · V 0 · OI 22
Puts · V 3 · OI 1082
Term Structure
Expiration activity
Expiry21 Aug 2026
Contracts34
Avg IV0.36
Put-call0.70
Expiry18 Sep 2026
Contracts32
Avg IV0.34
Put-call0.88
Expiry16 Oct 2026
Contracts38
Avg IV0.33
Put-call3.00
Expiry15 Jan 2027
Contracts48
Avg IV0.33
Put-call0.02
Expiry21 Jan 2028
Contracts48
Avg IV0.36
Put-call0.62
Skew
Call/put IV balance
21 Aug 2026Put IV premium
Call IV0.31
Put IV0.39
Skew0.08
18 Sep 2026Put IV premium
Call IV0.30
Put IV0.39
Skew0.09
16 Oct 2026Put IV premium
Call IV0.27
Put IV0.40
Skew0.13
15 Jan 2027Put IV premium
Call IV0.30
Put IV0.40
Skew0.10
21 Jan 2028Put IV premium
Call IV0.29
Put IV0.41
Skew0.13
Contract Tape
Most active contracts
ContractBAM270115C00040000
SideCall
Expiry15 Jan 2027
Strike40.00
Volume180
OI563
IV0.34
ContractBAM260821C00047500
SideCall
Expiry21 Aug 2026
Strike47.50
Volume30
OI811
IV0.33
ContractBAM260821P00045000
SidePut
Expiry21 Aug 2026
Strike45.00
Volume19
OI1071
IV0.39
ContractBAM280121C00057500
SideCall
Expiry21 Jan 2028
Strike57.50
Volume19
OI27
IV0.31
ContractBAM280121P00027500
SidePut
Expiry21 Jan 2028
Strike27.50
Volume18
OI83
IV0.49
ContractBAM260918P00045000
SidePut
Expiry18 Sep 2026
Strike45.00
Volume12
OI377
IV0.39
ContractBAM260918C00047500
SideCall
Expiry18 Sep 2026
Strike47.50
Volume10
OI115
IV0.31
ContractBAM280121C00067500
SideCall
Expiry21 Jan 2028
Strike67.50
Volume10
OI2
IV0.33
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
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.