Ticker Options Intelligence

BKV options intelligence

BKV Corporation options pressure, expected move, strike concentration, and Sharemaestro trend context.

Conviction 51 Market data through 31 Jul 2026 Checked 2 Aug 2026 02:47 · complete available chain

Volatility expansion watch

Volatility pressure

BKV currently carries volatility options pressure with a 51/100 conviction score. The nearest-chain expected move is 10.3%, with volume/open-interest participation at 0.03.

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

Volatility expansion watch

Expected move 10.3%

Wider near-term move priced

Activity / OI 0.03

Current volume is quieter versus prior open interest

Put-call 0.00

Call-side skew

Trend fit 0

Options are not fully confirming trend

Weekly backdrop -4.2%

RS -14.6

Expected move 10.3%
Put-call volume -
Volume / OI 0.03
Reference IV 0.56
Max pain 22.50
Underlying 24.46
Nearest expiry 21 Aug 2026
Contracts 84

Research Brief

BKV has a volatility chain read with 51/100 evidence alignment.

The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 21.93–26.99; The largest call open-interest concentration is 25.00; the largest put concentration is 22.50. The most active strike by current volume is 25.00.

Priced range21.93–26.99
Call concentration25.00
Put concentration22.50
Max pain reference22.50
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 21.93 to 26.99. Max pain at 22.50 sits inside that range, 8.0% below spot.

Spot Max pain
21.9324.46 ± 2.5326.99
Confirmation level

A close beyond 26.99 or below 21.93 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 51/100

Evidence alignment, not probability

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

Directional pressure100 × 42%
+42.0

How strongly activity leans toward calls or puts.

Participation3 × 22%
+0.6

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.

Volatility79 × 10%
+7.9

The intensity of implied volatility and the priced move.

Reconstructed score50.5Matches stored calculation

Positioning by Strike

Where open interest and current activity concentrate

Full strike map

The largest call open-interest concentration is 25.00; the largest put concentration is 22.50. 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
0
15.00-38.7%
0
1
17.50-28.5%
0
2
20.00-18.2%
1
6
22.50-8.0%
26
6
25.002.2%
243
5
30.0022.6%
114
0
35.0043.1%
100
0
40.0063.5%
4
0
45.0084.0%
21
Nearest spot strike Max pain strikeBars show relative OI within this expiry

Volatility Curve

Front-loaded volatility

1.18× front/back

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

0.56 21 Aug 21d
0.47 18 Sep 49d
0.52 20 Nov 112d
0.47 18 Dec 140d
0.47 19 Feb 203d

Volatility by Strike

Smile incomplete

Nearest expiry, within 20% of spot

There is not enough comparable OTM call and put volatility to classify the smile.

20
23
25
Put IV Call IV

Historical Replay

How matured reads behaved through expiry

0 directional observations

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

High

A97/100
Retained chain100%
Implied volatility100%
Two-sided quotes100%
Open interest100%
Chain status
Complete available chain
Market date
31 Jul 2026
Calculation
v2.0
Contracts
84 / 84
  • 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

85/100
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: $12515 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+100
1W price-4.2%
Call premium100%
Put premium0%
Notional split C 100% / P 0% 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 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.
Conviction clusters Calls · 91+ days · OTM
Calls · 91+ days · OTM calls cluster with 72 contracts traded, $6480 estimated gross traded notional, and 52% of visible notional.
$6480
Calls · 8-21 days · ATM calls cluster with 71 contracts traded, $6035 estimated gross traded notional, and 48% of visible notional.
$6035

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
Close24.46
1W-4.2%
RS-14.6
Fair value+2.2%
Options pressure100
Speculation3
Volatility79
Trend fit0

Today Versus Normal

Stored-options context

View history
Expected move 10.3% history building
30d avg - · 3/10 sessions -
90d avg - · 3/30 sessions -
180d avg - · 3/60 sessions -
IV 0.56 history building
30d avg - · 3/10 sessions -
90d avg - · 3/30 sessions -
180d avg - · 3/60 sessions -
Put-call 0.00 history building
30d avg - · 3/10 sessions -
90d avg - · 3/30 sessions -
180d avg - · 3/60 sessions -
Volume/OI 0.03 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 10:55 Volatility
Pressure 97
Move 13.2%
30 Jul 10:45 Volatility
Pressure 91
Move 14.1%
31 Jul 10:31 Volatility
Pressure 100
Move 10.9%
31 Jul 13:56 Volatility
Pressure 96
Move 10.7%
1 Aug 06:43 Volatility
Pressure 100
Move 9.9%
2 Aug 01:47 Volatility
Pressure 100
Move 10.3%

Strike Map

Where activity is clustering

Full strike map
Strike15.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike17.50
Calls · V 0 · OI 0
Puts · V 0 · OI 1
Strike20.00
Calls · V 0 · OI 1
Puts · V 0 · OI 2
Strike22.50
Calls · V 0 · OI 26
Puts · V 0 · OI 6
Strike25.00
Calls · V 71 · OI 243
Puts · V 0 · OI 6
Strike30.00
Calls · V 0 · OI 114
Puts · V 0 · OI 5
Strike35.00
Calls · V 0 · OI 100
Puts · V 0 · OI 0
Strike40.00
Calls · V 0 · OI 4
Puts · V 0 · OI 0

Term Structure

Expiration activity

Volume and IV
Expiry21 Aug 2026
Contracts18
Avg IV0.56
Put-call-
Expiry18 Sep 2026
Contracts14
Avg IV0.47
Put-call-
Expiry20 Nov 2026
Contracts16
Avg IV0.52
Put-call-
Expiry18 Dec 2026
Contracts20
Avg IV0.47
Put-call-
Expiry19 Feb 2027
Contracts16
Avg IV0.47
Put-call-

Skew

Call/put IV balance

OTM demand
21 Aug 2026Put IV premium
Call IV0.45
Put IV0.64
Skew0.19
18 Sep 2026Put IV premium
Call IV0.24
Put IV0.53
Skew0.29
20 Nov 2026Put IV premium
Call IV0.46
Put IV0.57
Skew0.11
18 Dec 2026Put IV premium
Call IV0.52
Put IV0.63
Skew0.11
19 Feb 2027Put IV premium
Call IV0.45
Put IV0.56
Skew0.11

Contract Tape

Most active contracts

Full contract tape
ContractBKV261120C00030000
SideCall
Expiry20 Nov 2026
Strike30.00
Volume72
OI3607
IV0.46
ContractBKV260821C00025000
SideCall
Expiry21 Aug 2026
Strike25.00
Volume71
OI243
IV0.45
ContractBKV261218C00040000
SideCall
Expiry18 Dec 2026
Strike40.00
Volume-
OI304
IV0.52
ContractBKV261218C00030000
SideCall
Expiry18 Dec 2026
Strike30.00
Volume-
OI207
IV0.14
ContractBKV261218P00022500
SidePut
Expiry18 Dec 2026
Strike22.50
Volume-
OI181
IV0.48
ContractBKV261120C00035000
SideCall
Expiry20 Nov 2026
Strike35.00
Volume-
OI150
IV0.26
ContractBKV260821C00030000
SideCall
Expiry21 Aug 2026
Strike30.00
Volume-
OI114
IV0.38
ContractBKV260821C00035000
SideCall
Expiry21 Aug 2026
Strike35.00
Volume-
OI100
IV0.61