Ticker Options Intelligence

AB options intelligence

AllianceBernstein Holding L.P. options pressure, expected move, strike concentration, and Sharemaestro trend context.

Conviction 58 Market data through 11 Aug 2026 Checked 12 Aug 2026 13:21 · complete available chain

Call-side pressure

Bullish pressure

AB currently carries bullish options pressure with a 58/100 conviction score. The nearest-chain expected move is 6.1%, with volume/open-interest participation at 0.36.

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

Call-side pressure

Expected move 6.1%

Wider near-term move priced

Activity / OI 0.36

Current volume is quieter versus prior open interest

Put-call 0.02

Call-side skew

Trend fit 0

Options are not fully confirming trend

Weekly backdrop +1.0%

RS -11.7

Expected move 6.1%
Put-call volume 0.02
Volume / OI 0.36
Reference IV 0.49
Max pain 35.00
Underlying 37.12
Nearest expiry 21 Aug 2026
Contracts 74

Research Brief

AB has a bullish chain read with 58/100 evidence alignment.

The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 34.85–39.39; The largest call open-interest concentration is 40.00; the largest put concentration is 35.00. The most active strike by current volume is 35.00.

Priced range34.85–39.39
Call concentration40.00
Put concentration35.00
Max pain reference35.00
What would confirm it
  • Price holds or improves while call-side concentration remains elevated.
What would weaken it
  • Price weakens while call pressure fades or reverses toward puts.
  • 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 34.85 to 39.39. Max pain at 35.00 sits inside that range, 5.7% below spot.

Spot Max pain
34.8537.12 ± 2.2739.39
Confirmation level

A close beyond 39.39 or below 34.85 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 58/100

Evidence alignment, not probability

Pressure is 99/100 toward calls; conviction uses its strength, while the signal label carries its direction.

Directional pressure99 × 42%
+41.6

How strongly activity leans toward calls or puts.

Participation48 × 22%
+10.6

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.

Volatility59 × 10%
+5.9

The intensity of implied volatility and the priced move.

Reconstructed score58.1Matches stored calculation

Positioning by Strike

Where open interest and current activity concentrate

Full strike map

The largest call open-interest concentration is 40.00; the largest put concentration is 35.00. The most active strike by current volume is 35.00. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.

Put open interestStrikeCall open interest
1
20.00-46.1%
1
2
22.50-39.4%
1
1
25.00-32.7%
0
11
30.00-19.2%
0
252
35.00-5.7%
604
25
40.007.8%
617
0
45.0021.2%
30
0
50.0034.7%
3
Nearest spot strike Max pain strikeBars show relative OI within this expiry

Gamma Profile by Strike

Positive gamma proxy

Reported + model-estimated Greeks · 94% 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+$321,700Delta change / 1% move
Positive peak40.00+$359,739
Negative peak35.00-$63,241
Nearest balance35.75Interpolated sign change
StrikeNegativePositiveNet / 1% move
20.00-46.1%
-$8
22.50-39.4%
+$1
25.00-32.7%
+$21
30.00-19.2%
-$43,049
35.00-5.7%
-$63,241
40.007.8%
+$359,739
45.0021.2%
+$65,304
50.0034.7%
+$1,809
55.0048.2%
+$317
60.0061.6%
+$1,359
65.0075.1%
-$553
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

2.19× front/back

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

0.49 21 Aug 10d
0.31 18 Sep 38d
0.25 16 Oct 66d
0.22 15 Jan 157d

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.

30
35
40
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
11 Aug 2026
Calculation
v2.0
Contracts
74 / 74
  • 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

Directional flow, confirmation needed

43/100
Primary intent Directional flow, confirmation needed

There is useful activity, but aggregate chain data does not isolate participant intent.

Flow vs price divergence Bullish flow before price confirmation

Call-side pressure is building before a meaningful weekly price response.

Why this matters

Directional flow, confirmation needed matters because it connects the options headline to the actual evidence: $2.4M of estimated gross traded notional, calls · 91+ days · itm, and a bullish flow before price confirmation backdrop. Use it as a research priority signal, then validate the chart, liquidity, event calendar, and risk before acting.

Options pressure+99
1W price+1.0%
Call premium99%
Put premium1%
Notional split C 99% / P 1% Estimated gross traded notional uses volume × contract multiplier × midpoint, or last price when no valid midpoint is available.
Freshness 0.36 Volume divided by open interest across the visible chain.
Trend fit 0/100 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.
Conviction clusters Calls · 91+ days · ITM
Calls · 91+ days · ITM calls cluster with 2621 contracts traded, $1.8M estimated gross traded notional, and 75% of visible notional.
$1.8M
Calls · 8-21 days · ITM calls cluster with 2404 contracts traded, $510,850 estimated gross traded notional, and 21% of visible notional.
$510,850
Calls · 46-90 days · ITM calls cluster with 40 contracts traded, $28,800 estimated gross traded notional, and 1% of visible notional.
$28,800
Calls · 22-45 days · ITM calls cluster with 62 contracts traded, $27,700 estimated gross traded notional, and 1% of visible notional.
$27,700
Puts · 91+ days · OTM puts cluster with 117 contracts traded, $11,325 estimated gross traded notional, and 0% of visible notional.
$11,325

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

-

9 of 10 completed market sessions are available. More session history is needed before activity can be compared with a reliable normal.

Baseline: 9 completed sessions

Volume rank-
Volume/OI rank-
IV rank-

Market Context

Underlying confirmation

Sharemaestro weekly
Close37.12
1W+1.0%
RS-11.7
Fair value+14.5%
Options pressure99
Speculation48
Volatility59
Trend fit0

Today Versus Normal

Stored-options context

View history
Expected move 6.1% history building
30d avg - · 9/10 sessions -
90d avg - · 9/30 sessions -
180d avg - · 9/60 sessions -
IV 0.49 history building
30d avg - · 9/10 sessions -
90d avg - · 9/30 sessions -
180d avg - · 9/60 sessions -
Put-call 0.02 history building
30d avg - · 9/10 sessions -
90d avg - · 9/30 sessions -
180d avg - · 9/60 sessions -
Volume/OI 0.36 history building
30d avg - · 9/10 sessions -
90d avg - · 9/30 sessions -
180d avg - · 9/60 sessions -

Pressure Trail

Recent pressure and volatility

Open trail
29 Jul 10:51 Bullish
Pressure 32
Move 8.2%
30 Jul 10:42 Bearish
Pressure -55
Move 6.1%
31 Jul 04:55 Bullish
Pressure 35
Move 6.1%
2 Aug 06:53 Bullish
Pressure 67
Move 5.9%
4 Aug 10:21 Bullish
Pressure 94
Move 5.4%
5 Aug 10:53 Bullish
Pressure 32
Move 7.4%
6 Aug 11:02 Bearish
Pressure -20
Move 7.3%
7 Aug 12:44 Mixed
Pressure 7
Move 5.6%

Strike Map

Where activity is clustering

Full strike map
Strike20.00
Calls · V 0 · OI 1
Puts · V 0 · OI 1
Strike22.50
Calls · V 0 · OI 1
Puts · V 0 · OI 2
Strike25.00
Calls · V 0 · OI 0
Puts · V 0 · OI 1
Strike30.00
Calls · V 0 · OI 0
Puts · V 0 · OI 11
Strike35.00
Calls · V 2404 · OI 604
Puts · V 2 · OI 252
Strike40.00
Calls · V 4 · OI 617
Puts · V 0 · OI 25
Strike45.00
Calls · V 0 · OI 30
Puts · V 0 · OI 0
Strike50.00
Calls · V 0 · OI 3
Puts · V 0 · OI 0

Term Structure

Expiration activity

Volume and IV
Expiry21 Aug 2026
Contracts16
Avg IV0.49
Put-call0.00
Expiry18 Sep 2026
Contracts22
Avg IV0.31
Put-call0.01
Expiry16 Oct 2026
Contracts18
Avg IV0.25
Put-call-
Expiry15 Jan 2027
Contracts18
Avg IV0.22
Put-call0.04

Skew

Call/put IV balance

OTM demand
21 Aug 2026Put IV premium
Call IV0.22
Put IV0.33
Skew0.11
18 Sep 2026Put IV premium
Call IV0.18
Put IV0.27
Skew0.09
16 Oct 2026Put IV premium
Call IV0.16
Put IV0.24
Skew0.08
15 Jan 2027Put IV premium
Call IV0.15
Put IV0.27
Skew0.12

Contract Tape

Most active contracts

Full contract tape
ContractAB270115C00030000
SideCall
Expiry15 Jan 2027
Strike30.00
Volume2600
OI243
IV0.01
ContractAB260821C00035000
SideCall
Expiry21 Aug 2026
Strike35.00
Volume2404
OI604
IV0.26
ContractAB270115C00040000
SideCall
Expiry15 Jan 2027
Strike40.00
Volume108
OI947
IV0.15
ContractAB270115P00035000
SidePut
Expiry15 Jan 2027
Strike35.00
Volume70
OI761
IV0.27
ContractAB261016C00040000
SideCall
Expiry16 Oct 2026
Strike40.00
Volume48
OI1147
IV0.16
ContractAB270115P00030000
SidePut
Expiry15 Jan 2027
Strike30.00
Volume47
OI55
IV0.26
ContractAB260918C00035000
SideCall
Expiry18 Sep 2026
Strike35.00
Volume42
OI22
IV0.01
ContractAB261016C00030000
SideCall
Expiry16 Oct 2026
Strike30.00
Volume40
OI17
IV0.01

Evidence context