Ticker Options Intelligence

BTBT options intelligence

Bit Digital Inc options pressure, expected move, strike concentration, and Sharemaestro trend context.

Conviction 58 Market data through 31 Jul 2026 Checked 1 Aug 2026 19:49 · complete available chain

Volatility expansion watch

Volatility pressure

BTBT currently carries volatility options pressure with a 58/100 conviction score. The nearest-chain expected move is 17.9%, with volume/open-interest participation at 0.05.

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

Volatility expansion watch

Expected move 17.9%

Wider near-term move priced

Activity / OI 0.05

Current volume is quieter versus prior open interest

Put-call 0.08

Call-side skew

Trend fit 0

Options are not fully confirming trend

Weekly backdrop -4.4%

RS -46.0

Expected move 17.9%
Put-call volume 0.08
Volume / OI 0.05
Reference IV 2.03
Max pain 1.50
Underlying 1.31
Nearest expiry 7 Aug 2026
Contracts 174

Research Brief

BTBT has a volatility 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 1.07–1.55; The largest call open-interest concentration is 2.00; the largest put concentration is 1.50. The most active strike by current volume is 1.50.

Priced range1.07–1.55
Call concentration2.00
Put concentration1.50
Max pain reference1.50
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 7 Aug

Options imply 1.07 to 1.55. Max pain at 1.50 sits inside that range, 14.5% above spot.

Spot Max pain
1.071.31 ± 0.241.55
Confirmation level

A close beyond 1.55 or below 1.07 at the 7 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 94/100 toward calls; conviction uses its strength, while the signal label carries its direction.

Directional pressure94 × 42%
+39.5

How strongly activity leans toward calls or puts.

Participation41 × 22%
+9.0

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.

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 2.00; the largest put concentration is 1.50. The most active strike by current volume is 1.50. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.

Put open interestStrikeCall open interest
0
0.50-61.8%
12
105
1.00-23.7%
28
1570
1.5014.5%
1249
82
2.0052.7%
1300
0
2.5090.8%
510
1
3.00129.0%
2
0
3.50167.2%
6
1
4.00205.3%
1
Nearest spot strike Max pain strikeBars show relative OI within this expiry

Volatility Curve

Front-loaded volatility

1.61× front/back

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

2.03 7 Aug 7d
1.99 14 Aug 14d
2.10 21 Aug 21d
2.32 28 Aug 28d
2.07 4 Sep 35d
2.94 11 Sep 42d
1.25 18 Sep 49d
1.41 20 Nov 112d

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.

2
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 31 Jul 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
31 Jul 2026
Calculation
v2.0
Contracts
174 / 174
  • 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

93/100
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: $364138 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+94
1W price-4.4%
Call premium85%
Put premium15%
Notional split C 85% / P 15% Estimated gross traded notional uses volume × contract multiplier × midpoint, or last price when no valid midpoint is available.
Freshness 0.05 Volume divided by open interest across the visible chain.
Trend fit 0/100 Agreement between options pressure and Sharemaestro market context.
Event window 13 Aug Matched earnings event is 11 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 4866 contracts traded, $154331 estimated gross traded notional, and 42% of visible notional.
$154331
Calls · 8-21 days · OTM calls cluster with 9376 contracts traded, $82774 estimated gross traded notional, and 23% of visible notional.
$82774
Calls · 91+ days · ITM calls cluster with 698 contracts traded, $58173 estimated gross traded notional, and 16% of visible notional.
$58173
Puts · 91+ days · ITM puts cluster with 361 contracts traded, $30864 estimated gross traded notional, and 8% of visible notional.
$30864
Puts · 0-7 days · ITM puts cluster with 796 contracts traded, $16716 estimated gross traded notional, and 5% of visible notional.
$16716

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
Close1.31
1W-4.4%
RS-46.0
Fair value-50.5%
Options pressure94
Speculation41
Volatility96
Trend fit0

Today Versus Normal

Stored-options context

View history
Expected move 17.9% history building
30d avg - · 3/10 sessions -
90d avg - · 3/30 sessions -
180d avg - · 3/60 sessions -
IV 2.03 history building
30d avg - · 3/10 sessions -
90d avg - · 3/30 sessions -
180d avg - · 3/60 sessions -
Put-call 0.08 history building
30d avg - · 3/10 sessions -
90d avg - · 3/30 sessions -
180d avg - · 3/60 sessions -
Volume/OI 0.05 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 11:19 Bullish
Pressure 58
Move 17.2%
30 Jul 11:04 Volatility
Pressure 86
Move 21.5%
30 Jul 15:01 Bullish
Pressure 44
Move 10.2%
31 Jul 08:44 Volatility
Pressure 84
Move 8.0%
31 Jul 21:46 Volatility
Pressure 85
Move 14.2%
1 Aug 18:49 Volatility
Pressure 94
Move 17.9%

Strike Map

Where activity is clustering

Full strike map
Strike0.50
Calls · V 15 · OI 12
Puts · V 15 · OI 0
Strike1.00
Calls · V 1 · OI 28
Puts · V 1 · OI 105
Strike1.50
Calls · V 1042 · OI 1249
Puts · V 796 · OI 1570
Strike2.00
Calls · V 5 · OI 1300
Puts · V 0 · OI 82
Strike2.50
Calls · V 0 · OI 510
Puts · V 0 · OI 0
Strike3.00
Calls · V 0 · OI 2
Puts · V 0 · OI 1
Strike3.50
Calls · V 0 · OI 6
Puts · V 0 · OI 0
Strike4.00
Calls · V 1 · OI 1
Puts · V 0 · OI 1

Term Structure

Expiration activity

Volume and IV
Expiry7 Aug 2026
Contracts16
Avg IV2.03
Put-call0.76
Expiry14 Aug 2026
Contracts14
Avg IV1.99
Put-call0.18
Expiry21 Aug 2026
Contracts16
Avg IV2.10
Put-call0.01
Expiry28 Aug 2026
Contracts12
Avg IV2.32
Put-call0.00
Expiry4 Sep 2026
Contracts12
Avg IV2.07
Put-call-

Skew

Call/put IV balance

OTM demand
7 Aug 2026Put IV premium
Call IV1.24
Put IV1.47
Skew0.22
14 Aug 2026Call IV premium
Call IV1.11
Put IV1.04
Skew-0.07
21 Aug 2026Call IV premium
Call IV1.44
Put IV0.85
Skew-0.59
28 Aug 2026Call IV premium
Call IV0.95
Put IV0.74
Skew-0.21
4 Sep 2026Call IV premium
Call IV1.12
Put IV0.67
Skew-0.45

Contract Tape

Most active contracts

Full contract tape
ContractBTBT260821C00001500
SideCall
Expiry21 Aug 2026
Strike1.50
Volume9113
OI9092
IV1.25
ContractBTBT280121C00005000
SideCall
Expiry21 Jan 2028
Strike5.00
Volume1527
OI3520
IV1.19
ContractBTBT260807C00001500
SideCall
Expiry7 Aug 2026
Strike1.50
Volume1042
OI1249
IV1.24
ContractBTBT270115C00002500
SideCall
Expiry15 Jan 2027
Strike2.50
Volume817
OI13185
IV1.36
ContractBTBT260807P00001500
SidePut
Expiry7 Aug 2026
Strike1.50
Volume796
OI1570
IV1.08
ContractBTBT280121C00001500
SideCall
Expiry21 Jan 2028
Strike1.50
Volume654
OI3006
IV1.16
ContractBTBT270115C00000500
SideCall
Expiry15 Jan 2027
Strike0.50
Volume502
OI2936
IV1.61
ContractBTBT270115C00007000
SideCall
Expiry15 Jan 2027
Strike7.00
Volume405
OI9516
IV1.45