Primary read
Bullish
Call-side pressure
Ticker Options Intelligence
BKSY options intelligence
Blacksky Technology Inc options pressure, expected move, strike concentration, and Sharemaestro trend context.
Conviction
42
Market data through 30 Jul 2026
Checked 31 Jul 2026 11:34 · complete available chain
Call-side pressure
Bullish pressure
BKSY currently carries bullish options pressure with a 42/100 conviction score. The nearest-chain expected move is 25.6%, with volume/open-interest participation at 0.03.
Expected move
25.6%
Wider near-term move priced
Activity / OI
0.03
Current volume is quieter versus prior open interest
Put-call
0.21
Call-side skew
Trend fit
0
Options are not fully confirming trend
Weekly backdrop
-2.8%
RS -18.9
Expected move
25.6%
Put-call volume
0.21
Volume / OI
0.03
Reference IV
1.10
Max pain
22.50
Underlying
21.57
Nearest expiry
21 Aug 2026
Contracts
204
Research Brief
BKSY 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 16.05–27.09; The largest call open-interest concentration is 40.00; the largest put concentration is 30.00. The most active strike by current volume is 25.00.
Priced range16.05–27.09
Call concentration40.00
Put concentration30.00
Max pain reference22.50
- 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.
Priced Move
Where the chain says movement becomes exceptional
Options imply 16.05 to 27.09. Max pain at 22.50 sits inside that range, 4.3% above spot.
Spot
Max pain
16.0521.57 ± 5.5227.09
Confirmation level
A close beyond 27.09 or below 16.05 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 42/100
Pressure is 74/100 toward calls; conviction uses its strength, while the signal label carries its direction.
Directional pressure74 × 42%
+31.0
How strongly activity leans toward calls or puts.
Participation8 × 22%
+1.8
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.
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 40.00; the largest put concentration is 30.00. The most active strike by current volume is 25.00. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.
Put open interestStrikeCall open interest
156
7.50-65.2%
3
119
10.00-53.6%
11
199
12.50-42.0%
2
397
15.00-30.5%
71
310
17.50-18.9%
31
730
20.00-7.3%
206
273
22.504.3%
1497
394
25.0015.9%
1441
872
30.0039.1%
2703
225
35.0062.3%
1155
146
40.0085.4%
5120
20
45.00108.6%
749
13
50.00131.8%
297
0
55.00155.0%
125
0
60.00178.2%
425
0
65.00201.3%
31
0
75.00247.7%
34
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.
1.10
21 Aug
22d
0.95
18 Sep
50d
1.02
20 Nov
113d
1.00
15 Jan
169d
1.00
19 Feb
204d
1.06
21 Jan
540d
Volatility by Strike
Balanced wings
Comparable upside calls and downside puts carry broadly similar implied volatility.
18
20
23
25
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
- 204 / 204
- 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 are leaning call-side while the stock is down on the week, a divergence that needs price confirmation.
Earnings/event positioning matters because it connects the options headline to the actual evidence: $441578 of estimated gross traded notional, calls · 91+ days · itm, and a bullish flow against weak price backdrop. Use it as a research priority signal, then validate the chart, liquidity, event calendar, and risk before acting.
Options pressure+74
1W price-2.8%
Call premium75%
Put premium25%
Notional split
C 75% / P 25%
Estimated gross traded notional uses volume × contract multiplier × midpoint, or last price when no valid midpoint is available.
Freshness
0.03
Volume divided by open interest across the visible chain.
Trend fit
0/100
Agreement between options pressure and Sharemaestro market context.
Event window
6 Aug
Matched earnings event is 5 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 85 contracts traded, $108050 estimated gross traded notional, and 24% of visible notional.
$108050
Puts · 91+ days · ITM
puts cluster with 57 contracts traded, $83790 estimated gross traded notional, and 19% of visible notional.
$83790
Calls · 46-90 days · OTM
calls cluster with 333 contracts traded, $71398 estimated gross traded notional, and 16% of visible notional.
$71398
Calls · 91+ days · OTM
calls cluster with 191 contracts traded, $65975 estimated gross traded notional, and 15% of visible notional.
$65975
Calls · 8-21 days · OTM
calls cluster with 364 contracts traded, $46428 estimated gross traded notional, and 11% of visible notional.
$46428
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.
Call pressure is building while the stock sits above Sharemaestro fair value.
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
Close21.57
1W-2.8%
RS-18.9
Fair value+40.6%
Options pressure74
Speculation8
Volatility96
Trend fit0
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 11:01
Bullish
Pressure 51
Move 25.3%
30 Jul 10:50
Bullish
Pressure 68
Move 27.9%
31 Jul 10:34
Bullish
Pressure 74
Move 25.6%
Strike Map
Where activity is clustering
Strike2.50
Calls · V 0 · OI 0
Puts · V 0 · OI 9
Strike5.00
Calls · V 0 · OI 3
Puts · V 0 · OI 20
Strike7.50
Calls · V 0 · OI 3
Puts · V 0 · OI 156
Strike10.00
Calls · V 0 · OI 11
Puts · V 0 · OI 119
Strike12.50
Calls · V 0 · OI 2
Puts · V 0 · OI 199
Strike15.00
Calls · V 0 · OI 71
Puts · V 56 · OI 397
Strike17.50
Calls · V 0 · OI 31
Puts · V 4 · OI 310
Strike20.00
Calls · V 0 · OI 206
Puts · V 63 · OI 730
Term Structure
Expiration activity
Expiry21 Aug 2026
Contracts40
Avg IV1.10
Put-call0.34
Expiry18 Sep 2026
Contracts32
Avg IV0.95
Put-call0.04
Expiry20 Nov 2026
Contracts32
Avg IV1.02
Put-call0.55
Expiry15 Jan 2027
Contracts40
Avg IV1.00
Put-call0.13
Expiry19 Feb 2027
Contracts20
Avg IV1.00
Put-call-
Skew
Call/put IV balance
21 Aug 2026Balanced skew
Call IV1.16
Put IV1.16
Skew-
18 Sep 2026Call IV premium
Call IV1.06
Put IV0.96
Skew-0.10
20 Nov 2026Balanced skew
Call IV1.08
Put IV1.09
Skew0.01
15 Jan 2027Call IV premium
Call IV1.05
Put IV0.94
Skew-0.11
19 Feb 2027Put IV premium
Call IV0.96
Put IV1.07
Skew0.11
Contract Tape
Most active contracts
ContractBKSY260821C00025000
SideCall
Expiry21 Aug 2026
Strike25.00
Volume255
OI1441
IV1.14
ContractBKSY260918C00025000
SideCall
Expiry18 Sep 2026
Strike25.00
Volume243
OI258
IV1.03
ContractBKSY260821C00030000
SideCall
Expiry21 Aug 2026
Strike30.00
Volume76
OI2703
IV1.16
ContractBKSY280121C00017500
SideCall
Expiry21 Jan 2028
Strike17.50
Volume66
OI1314
IV1.12
ContractBKSY260821P00020000
SidePut
Expiry21 Aug 2026
Strike20.00
Volume63
OI730
IV1.16
ContractBKSY261120P00035000
SidePut
Expiry20 Nov 2026
Strike35.00
Volume56
OI425
IV1.09
ContractBKSY260821P00015000
SidePut
Expiry21 Aug 2026
Strike15.00
Volume56
OI397
IV1.42
ContractBKSY261120C00035000
SideCall
Expiry20 Nov 2026
Strike35.00
Volume56
OI353
IV1.05
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.