Ticker Options Intelligence

KBH options intelligence

KB Home options pressure, expected move, strike concentration, and Sharemaestro trend context.

Conviction 33 Market data through 30 Jul 2026 Checked 31 Jul 2026 11:30 · complete available chain

Options-market disagreement

Mixed pressure

KBH currently carries mixed options pressure with a 33/100 conviction score. The nearest-chain expected move is 7.1%, with volume/open-interest participation at 0.01.

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

Options-market disagreement

Expected move 7.1%

Wider near-term move priced

Activity / OI 0.01

Current volume is quieter versus prior open interest

Put-call 1.21

Balanced tape

Trend fit 81

Options agree with trend context

Weekly backdrop +1.2%

RS -9.9

Expected move 7.1%
Put-call volume 1.21
Volume / OI 0.01
Reference IV 0.39
Max pain 55.00
Underlying 56.76
Nearest expiry 21 Aug 2026
Contracts 256

Research Brief

KBH has a mixed chain read with 33/100 evidence alignment.

The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 52.71–60.81; The largest call open-interest concentration is 60.00; the largest put concentration is 55.00. The most active strike by current volume is 60.00.

Priced range52.71–60.81
Call concentration60.00
Put concentration55.00
Max pain reference55.00
What would confirm it
  • A clear directional pressure reading develops and price begins to agree.
  • The current chain read already agrees with the stored weekly trend context.
What would weaken it
  • Volatility falls and the chain remains directionally mixed.

Priced Move

Where the chain says movement becomes exceptional

Size, not direction · through 21 Aug

Options imply 52.71 to 60.81. Max pain at 55.00 sits inside that range, 3.1% below spot.

Spot Max pain
52.7156.76 ± 4.0560.81
Confirmation level

A close beyond 60.81 or below 52.71 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 33/100

Evidence alignment, not probability

Pressure is 8/100 toward puts; conviction uses its strength, while the signal label carries its direction.

Directional pressure8 × 42%
+3.3

How strongly activity leans toward calls or puts.

Participation12 × 22%
+2.7

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

Trend agreement81 × 26%
+21.0

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

Volatility56 × 10%
+5.6

The intensity of implied volatility and the priced move.

Reconstructed score32.5Matches stored calculation

Positioning by Strike

Where open interest and current activity concentrate

Full strike map

The largest call open-interest concentration is 60.00; the largest put concentration is 55.00. The most active strike by current volume is 60.00. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.

Put open interestStrikeCall open interest
2
30.00-47.1%
1
0
35.00-38.3%
1
14
40.00-29.5%
1
77
45.00-20.7%
0
290
50.00-11.9%
53
991
55.00-3.1%
114
108
60.005.7%
2425
28
65.0014.5%
224
6
70.0023.3%
101
0
75.0032.1%
59
0
80.0040.9%
10
Nearest spot strike Max pain strikeBars show relative OI within this expiry

Volatility Curve

Balanced volatility curve

0.99× front/back

Near- and longer-dated implied volatility are broadly aligned; no exceptional front-expiry premium is visible.

0.39 21 Aug 22d
0.36 18 Sep 50d
0.38 16 Oct 78d
0.38 18 Dec 141d
0.38 15 Jan 169d
0.38 19 Mar 232d
0.38 17 Jun 322d
0.39 21 Jan 540d

Volatility by Strike

Downside protection premium

Nearest expiry, within 20% of spot

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

50
55
60
65
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

A100/100
Retained chain100%
Implied volatility100%
Two-sided quotes100%
Open interest100%
Chain status
Complete available chain
Market date
30 Jul 2026
Calculation
v2.0
Contracts
256 / 256
  • 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

Multi-expiry position-maintenance candidate

67/100
Primary intent Multi-expiry position-maintenance candidate

Activity is spread across expirations with heavier open interest than current volume, which can be consistent with position maintenance.

Flow vs price divergence No clean flow/price divergence

The options read is mixed, so divergence is not strong enough to classify.

Why this matters

Multi-expiry position-maintenance candidate matters because it connects the options headline to the actual evidence: $68556 of estimated gross traded notional, puts · 91+ days · otm, and a no clean flow/price divergence backdrop. Use it as a research priority signal, then validate the chart, liquidity, event calendar, and risk before acting.

Options pressure-8
1W price+1.2%
Call premium46%
Put premium54%
Notional split C 46% / P 54% Estimated gross traded notional uses volume × contract multiplier × midpoint, or last price when no valid midpoint is available.
Freshness 0.01 Volume divided by open interest across the visible chain.
Trend fit 81/100 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. Roll detection is conservative because opening and closing legs are not directly observable in this snapshot.
Conviction clusters Puts · 91+ days · OTM
Puts · 91+ days · OTM puts cluster with 58 contracts traded, $25112 estimated gross traded notional, and 37% of visible notional.
$25112
Calls · 46-90 days · OTM calls cluster with 80 contracts traded, $19138 estimated gross traded notional, and 28% of visible notional.
$19138
Calls · 91+ days · ITM calls cluster with 5 contracts traded, $5520 estimated gross traded notional, and 8% of visible notional.
$5520
Puts · 46-90 days · ITM puts cluster with 8 contracts traded, $4460 estimated gross traded notional, and 7% of visible notional.
$4460
Puts · 46-90 days · OTM puts cluster with 51 contracts traded, $3742 estimated gross traded notional, and 5% of visible notional.
$3742

Setup Classification

Opportunity and risk frame

Context, not advice
Positive Options-confirmed trend

Positioning agrees with the Sharemaestro trend backdrop.

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.

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

Sharemaestro weekly
Close56.76
1W+1.2%
RS-9.9
Fair value-6.4%
Options pressure-8
Speculation12
Volatility56
Trend fit81

Today Versus Normal

Stored-options context

View history
Expected move 7.1% history building
30d avg - · 2/10 sessions -
90d avg - · 2/30 sessions -
180d avg - · 2/60 sessions -
IV 0.39 history building
30d avg - · 2/10 sessions -
90d avg - · 2/30 sessions -
180d avg - · 2/60 sessions -
Put-call 1.21 history building
30d avg - · 2/10 sessions -
90d avg - · 2/30 sessions -
180d avg - · 2/60 sessions -
Volume/OI 0.01 history building
30d avg - · 2/10 sessions -
90d avg - · 2/30 sessions -
180d avg - · 2/60 sessions -

Pressure Trail

Recent pressure and volatility

Open trail
29 Jul 10:53 Bullish
Pressure 63
Move 8.9%
30 Jul 10:43 Bearish
Pressure -29
Move 7.4%
31 Jul 10:30 Mixed
Pressure -8
Move 7.1%

Strike Map

Where activity is clustering

Full strike map
Strike30.00
Calls · V 0 · OI 1
Puts · V 0 · OI 2
Strike35.00
Calls · V 0 · OI 1
Puts · V 0 · OI 0
Strike40.00
Calls · V 0 · OI 1
Puts · V 0 · OI 14
Strike45.00
Calls · V 0 · OI 0
Puts · V 1 · OI 77
Strike50.00
Calls · V 0 · OI 53
Puts · V 0 · OI 290
Strike55.00
Calls · V 0 · OI 114
Puts · V 9 · OI 991
Strike60.00
Calls · V 11 · OI 2425
Puts · V 0 · OI 108
Strike65.00
Calls · V 1 · OI 224
Puts · V 0 · OI 28

Term Structure

Expiration activity

Volume and IV
Expiry21 Aug 2026
Contracts22
Avg IV0.39
Put-call0.83
Expiry18 Sep 2026
Contracts28
Avg IV0.36
Put-call3.75
Expiry16 Oct 2026
Contracts30
Avg IV0.38
Put-call0.20
Expiry18 Dec 2026
Contracts44
Avg IV0.38
Put-call27.00
Expiry15 Jan 2027
Contracts44
Avg IV0.38
Put-call1.17

Skew

Call/put IV balance

OTM demand
21 Aug 2026Put IV premium
Call IV0.33
Put IV0.39
Skew0.06
18 Sep 2026Balanced skew
Call IV0.35
Put IV0.39
Skew0.04
16 Oct 2026Balanced skew
Call IV0.37
Put IV0.40
Skew0.03
18 Dec 2026Put IV premium
Call IV0.36
Put IV0.41
Skew0.06
15 Jan 2027Put IV premium
Call IV0.36
Put IV0.41
Skew0.06

Contract Tape

Most active contracts

Full contract tape
ContractKBH261016C00060000
SideCall
Expiry16 Oct 2026
Strike60.00
Volume70
OI2324
IV0.37
ContractKBH261218P00055000
SidePut
Expiry18 Dec 2026
Strike55.00
Volume50
OI244
IV0.40
ContractKBH260918P00050000
SidePut
Expiry18 Sep 2026
Strike50.00
Volume43
OI845
IV0.39
ContractKBH260821C00060000
SideCall
Expiry21 Aug 2026
Strike60.00
Volume11
OI2425
IV0.33
ContractKBH260821P00055000
SidePut
Expiry21 Aug 2026
Strike55.00
Volume9
OI991
IV0.39
ContractKBH260918C00060000
SideCall
Expiry18 Sep 2026
Strike60.00
Volume8
OI1392
IV0.35
ContractKBH270115P00055000
SidePut
Expiry15 Jan 2027
Strike55.00
Volume6
OI300
IV0.39
ContractKBH261016P00060000
SidePut
Expiry16 Oct 2026
Strike60.00
Volume6
OI148
IV0.37