Ticker Options Intelligence

BANR options intelligence

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

Conviction 27 Market data through 11 Aug 2026 Checked 12 Aug 2026 14:22 · complete available chain

Options-market disagreement

Mixed pressure

BANR currently carries mixed options pressure with a 27/100 conviction score. The nearest-chain expected move is 4.7%, 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 Mixed

Options-market disagreement

Expected move 4.7%

Near-term move context

Activity / OI 0.00

Current volume is quieter versus prior open interest

Put-call -

Balanced tape

Trend fit 89

Options agree with trend context

Weekly backdrop +1.1%

RS -2.9

Expected move 4.7%
Put-call volume -
Volume / OI -
Reference IV 0.28
Max pain 60.00
Underlying 70.67
Nearest expiry 21 Aug 2026
Contracts 106

Research Brief

BANR has a mixed chain read with 27/100 evidence alignment.

The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 67.37–73.97; The largest call open-interest concentration is 65.00; the largest put concentration is 60.00. The most active strike by current volume is 35.00.

Priced range67.37–73.97
Call concentration65.00
Put concentration60.00
Max pain reference60.00
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.
  • Participation is above the ticker's stored normal, which makes the read more noteworthy.
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 67.37 to 73.97. Max pain at 60.00 lies outside the priced range, so it is a weak near-term anchor.

Spot Max pain
67.3770.67 ± 3.3073.97
Confirmation level

A close beyond 73.97 or below 67.37 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 27/100

Evidence alignment, not probability

Pressure is 0/100 toward puts; conviction uses its strength, while the signal label carries its direction.

Directional pressure0 × 42%
+0.1

How strongly activity leans toward calls or puts.

Participation0 × 22%
+0.0

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

Trend agreement89 × 26%
+23.3

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

Volatility38 × 10%
+3.8

The intensity of implied volatility and the priced move.

Reconstructed score27.2Matches stored calculation

Positioning by Strike

Where open interest and current activity concentrate

Full strike map

The largest call open-interest concentration is 65.00; the largest put concentration is 60.00. 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
0
35.00-50.5%
0
0
40.00-43.4%
0
0
45.00-36.3%
0
0
50.00-29.2%
0
0
55.00-22.2%
0
31
60.00-15.1%
0
0
65.00-8.0%
11
0
70.00-0.9%
2
0
75.006.1%
0
0
80.0013.2%
1
0
85.0020.3%
0
0
90.0027.4%
0
0
95.0034.4%
0
0
100.0041.5%
0
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+$4,080Delta change / 1% move
Positive peak70.00+$1,855
Negative peak80.00-$117
Nearest balance79.16Interpolated sign change
StrikeNegativePositiveNet / 1% move
60.00-15.1%
+$788
65.00-8.0%
+$923
70.00-0.9%
+$1,855
75.006.1%
+$583
80.0013.2%
-$117
85.0020.3%
+$21
90.0027.4%
+$28
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

Balanced volatility curve

1.03× front/back

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

0.28 21 Aug 10d
0.19 18 Sep 38d
0.23 20 Nov 101d
0.27 19 Feb 192d

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.

60
65
70
75
80
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
106 / 106
  • 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

Likely noise

27/100
Primary intent Likely noise

Visible options activity is too thin or mixed to support a strong intent classification.

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

Likely noise matters because it connects the options headline to the actual evidence: $0 of estimated gross traded notional, no dominant cluster, 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-0
1W price+1.1%
Call premium0%
Put premium0%
Notional split C 0% / P 0% 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 89/100 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 No dominant cluster

No high-conviction option cluster is visible in this snapshot.

Setup Classification

Opportunity and risk frame

Context, not advice
Positive Options-confirmed trend

Positioning agrees with the Sharemaestro trend backdrop.

Activity Anomaly

Above normal

73

Activity is running above the recent historical baseline.

Baseline: 10 completed sessions

Volume rank70th
Volume/OI rank70th
IV rank80th

Market Context

Underlying confirmation

Sharemaestro weekly
Close70.67
1W+1.1%
RS-2.9
Fair value+25.2%
Options pressure0
Speculation0
Volatility38
Trend fit89

Today Versus Normal

Stored-options context

View history
Expected move 4.7% muted
30d avg 7.3% · 10 sessions 20th
90d avg - · 10/30 sessions -
180d avg - · 10/60 sessions -
IV 0.28 elevated
30d avg 0.32 · 10 sessions 80th
90d avg - · 10/30 sessions -
180d avg - · 10/60 sessions -
Put-call - history building
30d avg - · 3/10 sessions -
90d avg - · 3/30 sessions -
180d avg - · 3/60 sessions -
Volume/OI 0.00 near normal
30d avg 0.07 · 10 sessions 70th
90d avg - · 10/30 sessions -
180d avg - · 10/60 sessions -

Pressure Trail

Recent pressure and volatility

Open trail
29 Jul 10:59 Mixed
Pressure 2
Move 7.1%
30 Jul 10:48 Mixed
Pressure 2
Move 7.0%
31 Jul 11:14 Mixed
Pressure 2
Move 7.3%
31 Jul 17:51 Volatility
Pressure 90
Move 20.7%
1 Aug 08:02 Mixed
Pressure 2
Move 7.1%
2 Aug 18:38 Volatility
Pressure 90
Move 20.7%
3 Aug 09:45 Mixed
Pressure 2
Move 7.1%
3 Aug 21:57 Volatility
Pressure 91
Move 20.7%

Strike Map

Where activity is clustering

Full strike map
Strike35.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike40.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike45.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike50.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike55.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike60.00
Calls · V 0 · OI 0
Puts · V 0 · OI 31
Strike65.00
Calls · V 0 · OI 11
Puts · V 0 · OI 0
Strike70.00
Calls · V 0 · OI 2
Puts · V 0 · OI 0

Term Structure

Expiration activity

Volume and IV
Expiry21 Aug 2026
Contracts28
Avg IV0.28
Put-call-
Expiry18 Sep 2026
Contracts28
Avg IV0.19
Put-call-
Expiry20 Nov 2026
Contracts24
Avg IV0.23
Put-call-
Expiry19 Feb 2027
Contracts26
Avg IV0.27
Put-call-

Skew

Call/put IV balance

OTM demand
21 Aug 2026Balanced skew
Call IV0.09
Put IV0.11
Skew0.02
18 Sep 2026Balanced skew
Call IV0.04
Put IV0.06
Skew0.02
20 Nov 2026Balanced skew
Call IV0.25
Put IV0.30
Skew0.05
19 Feb 2027Balanced skew
Call IV0.25
Put IV0.30
Skew0.05

Contract Tape

Most active contracts

Full contract tape
ContractBANR260821P00060000
SidePut
Expiry21 Aug 2026
Strike60.00
Volume-
OI31
IV0.46
ContractBANR261120C00060000
SideCall
Expiry20 Nov 2026
Strike60.00
Volume-
OI20
IV0.31
ContractBANR260918P00060000
SidePut
Expiry18 Sep 2026
Strike60.00
Volume-
OI15
IV0.24
ContractBANR260821C00065000
SideCall
Expiry21 Aug 2026
Strike65.00
Volume-
OI11
IV0.40
ContractBANR261120C00070000
SideCall
Expiry20 Nov 2026
Strike70.00
Volume-
OI6
IV0.27
ContractBANR270219C00075000
SideCall
Expiry19 Feb 2027
Strike75.00
Volume-
OI4
IV0.26
ContractBANR260821C00070000
SideCall
Expiry21 Aug 2026
Strike70.00
Volume-
OI2
IV0.30
ContractBANR270219C00090000
SideCall
Expiry19 Feb 2027
Strike90.00
Volume-
OI2
IV0.10

Evidence context