Ticker Options Intelligence

HPP options intelligence

Hudson Pacific Properties Inc options pressure, expected move, strike concentration, and Sharemaestro trend context.

Conviction 48 Market data through 31 Jul 2026 Checked 2 Aug 2026 09:25 · complete available chain

Volatility expansion watch

Volatility pressure

HPP currently carries volatility options pressure with a 48/100 conviction score. The nearest-chain expected move is 22.0%, with volume/open-interest participation at 0.00.

Options Intelligence Opportunities Bullish confirmation Risks Unusual flow Vol expansion Repeated pressure Compare Chart Weekly report
Primary read Volatility

Volatility expansion watch

Expected move 22.0%

Wider near-term move priced

Activity / OI 0.00

Current volume is quieter versus prior open interest

Put-call 0.25

Call-side skew

Trend fit 35

Options are not fully confirming trend

Weekly backdrop -10.5%

RS -1.8

Expected move 22.0%
Put-call volume 0.25
Volume / OI 0.00
Reference IV 1.01
Max pain 17.50
Underlying 13.77
Nearest expiry 21 Aug 2026
Contracts 130

Research Brief

HPP has a volatility chain read with 48/100 evidence alignment.

The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 10.74–16.80; The largest call open-interest concentration is 20.00; the largest put concentration is 15.00. The most active strike by current volume is 2.50.

Priced range10.74–16.80
Call concentration20.00
Put concentration15.00
Max pain reference17.50
What would confirm it
  • A clear directional pressure reading develops and price begins to agree.
What would weaken it
  • Volatility falls and the chain remains directionally mixed.
  • 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

Size, not direction · through 21 Aug

Options imply 10.74 to 16.80. Max pain at 17.50 lies outside the priced range, so it is a weak near-term anchor.

Spot Max pain
10.7413.77 ± 3.0316.80
Confirmation level

A close beyond 16.80 or below 10.74 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 48/100

Evidence alignment, not probability

Pressure is 68/100 toward calls; conviction uses its strength, while the signal label carries its direction.

Directional pressure68 × 42%
+28.6

How strongly activity leans toward calls or puts.

Participation3 × 22%
+0.6

Volume relative to existing open interest and contract-level activity.

Trend agreement35 × 26%
+9.0

How closely the chain read agrees with the underlying trend backdrop.

Volatility96 × 10%
+9.6

The intensity of implied volatility and the priced move.

Reconstructed score47.8Matches stored calculation

Positioning by Strike

Where open interest and current activity concentrate

Full strike map

The largest call open-interest concentration is 20.00; the largest put concentration is 15.00. The most active strike by current volume is 2.50. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.

Put open interestStrikeCall open interest
0
2.50-81.8%
0
0
5.00-63.7%
0
0
7.50-45.5%
0
0
10.00-27.4%
49
16
12.50-9.2%
35
500
15.008.9%
56
0
17.5027.1%
280
392
20.0045.2%
11588
0
22.5063.4%
0
0
25.0081.6%
11526
0
30.00117.9%
15
Nearest spot strike Max pain strikeBars show relative OI within this expiry

Gamma Profile by Strike

Positive gamma proxy

Reported Greeks · 100% coverage

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+$102,745Delta change / 1% move
Positive peak17.50+$65,682
Negative peak10.00-$8,657
Nearest balance12.21Interpolated sign change
StrikeNegativePositiveNet / 1% move
2.50-81.8%
-$1,952
5.00-63.7%
-$169
7.50-45.5%
-$6,141
10.00-27.4%
-$8,657
12.50-9.2%
+$1,127
15.008.9%
+$1,280
17.5027.1%
+$65,682
20.0045.2%
+$32,051
22.5063.4%
+$214
25.0081.6%
+$18,731
30.00117.9%
+$579
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

Front-loaded volatility

1.26× front/back

Near-term options are materially richer than later expirations, consistent with concentrated event or immediate-risk pricing.

1.01 21 Aug 21d
0.83 18 Sep 49d
0.89 18 Dec 140d
0.87 15 Jan 168d
0.89 19 Mar 231d
0.80 21 Jan 539d

Volatility by Strike

Upside optionality premium

Nearest expiry, within 20% of spot

Out-of-the-money calls carry higher implied volatility than comparable puts, indicating richer upside optionality.

13
15
Put IV Call IV

Historical Replay

How matured reads behaved through expiry

0 matured · 0 directional

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
  • Auditable calculationoriginal version retained
  • Independent entryone read per market session
  • Point-in-time referencerequired at entry
  • Matched expiry closereported only after maturity

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

Usable with limits

C69/100
Retained chain100%
Implied volatility100%
Two-sided quotes100%
Open interest100%
Chain status
Complete available chain
Market date
31 Jul 2026
Calculation
v2.0
Contracts
130 / 130
  • 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

83/100
Primary intent Earnings/event positioning

Options activity is concentrated around a live event window, so the cleanest read is event positioning rather than pure direction.

Flow vs price divergence Volatility flow versus price

Options are pricing movement more than direction; compare expected move with the stock's actual weekly change.

Why this matters

Earnings/event positioning matters because it connects the options headline to the actual evidence: $4,812 of estimated gross traded notional, calls · 91+ days · otm, and a volatility flow versus price backdrop. Use it as a research priority signal, then validate the chart, liquidity, event calendar, and risk before acting.

Options pressure+68
1W price-10.5%
Call premium89%
Put premium11%
Notional split C 89% / P 11% 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 35/100 Agreement between options pressure and Sharemaestro market context.
Event window 4 Aug Matched earnings event is 1 days away.
Aggregate chain data does not identify trade aggressor or opening versus closing activity; call/put concentration is not proof of market direction.
Conviction clusters Calls · 91+ days · OTM
Calls · 91+ days · OTM calls cluster with 11 contracts traded, $3,335 estimated gross traded notional, and 69% of visible notional.
$3,335
Calls · 91+ days · ITM calls cluster with 1 contracts traded, $940 estimated gross traded notional, and 20% of visible notional.
$940
Puts · 91+ days · OTM puts cluster with 3 contracts traded, $538 estimated gross traded notional, and 11% of visible notional.
$538

Setup Classification

Opportunity and risk frame

Context, not advice
Warning Volatility expansion

The tape is pricing or displaying unusually elevated activity.

Warning Event-risk setup

Expected move or upcoming earnings makes the setup more event-sensitive.

Negative Options disagreement

Options positioning is not confirming the underlying trend context.

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

Sharemaestro weekly
Close13.77
1W-10.5%
RS-1.8
Fair value-48.3%
Options pressure68
Speculation3
Volatility96
Trend fit35

Today Versus Normal

Stored-options context

View history
Expected move 22.0% history building
30d avg - · 3/10 sessions -
90d avg - · 3/30 sessions -
180d avg - · 3/60 sessions -
IV 1.01 history building
30d avg - · 3/10 sessions -
90d avg - · 3/30 sessions -
180d avg - · 3/60 sessions -
Put-call 0.25 history building
30d avg - · 3/10 sessions -
90d avg - · 3/30 sessions -
180d avg - · 3/60 sessions -
Volume/OI 0.00 history building
30d avg - · 3/10 sessions -
90d avg - · 3/30 sessions -
180d avg - · 3/60 sessions -

Pressure Trail

Recent pressure and volatility

Open trail
29 Jul 10:38 Volatility
Pressure 23
Move 21.9%
30 Jul 10:34 Volatility
Pressure 91
Move 20.2%
31 Jul 10:23 Bearish
Pressure -21
Move 18.7%
2 Aug 08:25 Volatility
Pressure 68
Move 22.0%

Strike Map

Where activity is clustering

Full strike map
Strike2.50
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike5.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike7.50
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike10.00
Calls · V 0 · OI 49
Puts · V 0 · OI 0
Strike12.50
Calls · V 0 · OI 35
Puts · V 0 · OI 16
Strike15.00
Calls · V 0 · OI 56
Puts · V 0 · OI 500
Strike17.50
Calls · V 0 · OI 280
Puts · V 0 · OI 0
Strike20.00
Calls · V 0 · OI 11588
Puts · V 0 · OI 392

Term Structure

Expiration activity

Volume and IV
Expiry21 Aug 2026
Contracts22
Avg IV1.01
Put-call-
Expiry18 Sep 2026
Contracts20
Avg IV0.83
Put-call-
Expiry18 Dec 2026
Contracts22
Avg IV0.89
Put-call-
Expiry15 Jan 2027
Contracts22
Avg IV0.87
Put-call-
Expiry19 Mar 2027
Contracts22
Avg IV0.89
Put-call-

Skew

Call/put IV balance

OTM demand
21 Aug 2026Call IV premium
Call IV0.98
Put IV0.23
Skew-0.75
18 Sep 2026Call IV premium
Call IV0.90
Put IV0.84
Skew-0.06
18 Dec 2026Balanced skew
Call IV0.82
Put IV0.84
Skew0.02
15 Jan 2027Put IV premium
Call IV0.82
Put IV1.00
Skew0.18
19 Mar 2027Balanced skew
Call IV0.92
Put IV0.94
Skew0.02

Contract Tape

Most active contracts

Full contract tape
ContractHPP280121C00025000
SideCall
Expiry21 Jan 2028
Strike25.00
Volume6
OI226
IV0.73
ContractHPP280121C00017500
SideCall
Expiry21 Jan 2028
Strike17.50
Volume5
OI25
IV0.70
ContractHPP280121P00007500
SidePut
Expiry21 Jan 2028
Strike7.50
Volume2
OI2434
IV0.87
ContractHPP280121C00005000
SideCall
Expiry21 Jan 2028
Strike5.00
Volume1
OI20
IV0.73
ContractHPP270115P00012500
SidePut
Expiry15 Jan 2027
Strike12.50
Volume1
OI3
IV0.83
ContractHPP260821C00020000
SideCall
Expiry21 Aug 2026
Strike20.00
Volume-
OI11588
IV0.68
ContractHPP260821C00025000
SideCall
Expiry21 Aug 2026
Strike25.00
Volume-
OI11526
IV1.01
ContractHPP260918C00017500
SideCall
Expiry18 Sep 2026
Strike17.50
Volume-
OI4270
IV0.90