Ticker Options Intelligence

TECH options intelligence

Bio-Techne Corp options pressure, expected move, strike concentration, and Sharemaestro trend context.

Conviction 44 Market data through 4 Aug 2026 Checked 5 Aug 2026 01:00 · complete available chain

Call-side pressure

Bullish pressure

TECH currently carries bullish options pressure with a 44/100 conviction score. The nearest-chain expected move is 2.2%, with volume/open-interest participation at 0.04.

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

Call-side pressure

Expected move 2.2%

Near-term move context

Activity / OI 0.04

Current volume is quieter versus prior open interest

Put-call 0.28

Call-side skew

Trend fit 31

Options are not fully confirming trend

Weekly backdrop +0.7%

RS 12.4

Expected move 2.2%
Put-call volume 0.28
Volume / OI 0.04
Reference IV 0.52
Max pain 70.00
Underlying 72.09
Nearest expiry 21 Aug 2026
Contracts 108

Research Brief

TECH has a bullish chain read with 44/100 evidence alignment.

The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 70.54–73.64; The largest call open-interest concentration is 75.00; the largest put concentration is 70.00. The most active strike by current volume is 80.00.

Priced range70.54–73.64
Call concentration75.00
Put concentration70.00
Max pain reference70.00
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 70.54 to 73.64. Max pain at 70.00 lies outside the priced range, so it is a weak near-term anchor.

Spot Max pain
70.5472.09 ± 1.5573.64
Confirmation level

A close beyond 73.64 or below 70.54 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 44/100

Evidence alignment, not probability

Pressure is 67/100 toward calls; conviction uses its strength, while the signal label carries its direction.

Directional pressure67 × 42%
+28.2

How strongly activity leans toward calls or puts.

Participation17 × 22%
+3.7

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

Trend agreement31 × 26%
+8.0

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

Volatility45 × 10%
+4.5

The intensity of implied volatility and the priced move.

Reconstructed score44.5Matches stored calculation

Positioning by Strike

Where open interest and current activity concentrate

Full strike map

The largest call open-interest concentration is 75.00; the largest put concentration is 70.00. The most active strike by current volume is 80.00. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.

Put open interestStrikeCall open interest
2
30.00-58.4%
0
0
50.00-30.6%
1
1
55.00-23.7%
0
34
60.00-16.8%
1
82
65.00-9.8%
122
183
70.00-2.9%
174
0
75.004.0%
1163
0
80.0011.0%
0
0
85.0017.9%
0
0
100.0038.7%
1
0
105.0045.7%
23
Nearest spot strike Max pain strikeBars show relative OI within this expiry

Gamma Profile by Strike

Positive gamma proxy

Model-estimated Greeks · 99% 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+$19.4MDelta change / 1% move
Positive peak75.00+$18.8M
Negative peak65.00-$16,367
Nearest balance65.14Interpolated sign change
StrikeNegativePositiveNet / 1% move
30.00-58.4%
-$557
35.00-51.4%
-$738
40.00-44.5%
-$54
45.00-37.6%
-$647
50.00-30.6%
-$14,872
55.00-23.7%
+$7,935
60.00-16.8%
+$268
65.00-9.8%
-$16,367
70.00-2.9%
+$568,992
75.004.0%
+$18.8M
80.0011.0%
+$10,104
85.0017.9%
+$3,726
90.0024.8%
+$2,929
100.0038.7%
+$1,239
105.0045.7%
+$1,213
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

2.29× front/back

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

0.52 21 Aug 17d
0.30 18 Sep 45d
0.46 16 Oct 73d
0.28 15 Jan 164d
0.30 19 Mar 227d
0.22 17 Jun 317d

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
85
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

High

A99/100
Retained chain100%
Implied volatility100%
Two-sided quotes100%
Open interest100%
Chain status
Complete available chain
Market date
4 Aug 2026
Calculation
v2.0
Contracts
108 / 108
  • 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

70/100
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 Bullish flow before price confirmation

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

Why this matters

Multi-expiry position-maintenance candidate matters because it connects the options headline to the actual evidence: $406,484 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+67
1W price+0.7%
Call premium68%
Put premium32%
Notional split C 68% / P 32% Estimated gross traded notional uses volume × contract multiplier × midpoint, or last price when no valid midpoint is available.
Freshness 0.04 Volume divided by open interest across the visible chain.
Trend fit 31/100 Agreement between options pressure and Sharemaestro market context.
Event window 5 Aug Matched earnings event is 0 days away.
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 Calls · 91+ days · ITM
Calls · 91+ days · ITM calls cluster with 391 contracts traded, $181,182 estimated gross traded notional, and 45% of visible notional.
$181,182
Puts · 8-21 days · ITM puts cluster with 65 contracts traded, $60,975 estimated gross traded notional, and 15% of visible notional.
$60,975
Calls · 46-90 days · ITM calls cluster with 48 contracts traded, $56,920 estimated gross traded notional, and 14% of visible notional.
$56,920
Puts · 46-90 days · ITM puts cluster with 10 contracts traded, $28,800 estimated gross traded notional, and 7% of visible notional.
$28,800
Puts · 91+ days · OTM puts cluster with 202 contracts traded, $19,181 estimated gross traded notional, and 5% of visible notional.
$19,181

Setup Classification

Opportunity and risk frame

Context, not advice
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

-

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

Baseline: 5 completed sessions

Volume rank-
Volume/OI rank-
IV rank-

Market Context

Underlying confirmation

Sharemaestro weekly
Close72.09
1W+0.7%
RS12.4
Fair value+11.8%
Options pressure67
Speculation17
Volatility45
Trend fit31

Today Versus Normal

Stored-options context

View history
Expected move 2.2% history building
30d avg - · 5/10 sessions -
90d avg - · 5/30 sessions -
180d avg - · 5/60 sessions -
IV 0.52 history building
30d avg - · 5/10 sessions -
90d avg - · 5/30 sessions -
180d avg - · 5/60 sessions -
Put-call 0.28 history building
30d avg - · 5/10 sessions -
90d avg - · 5/30 sessions -
180d avg - · 5/60 sessions -
Volume/OI 0.04 history building
30d avg - · 5/10 sessions -
90d avg - · 5/30 sessions -
180d avg - · 5/60 sessions -

Pressure Trail

Recent pressure and volatility

Open trail
29 Jul 10:32 Bullish
Pressure 100
Move 2.4%
30 Jul 11:00 Bullish
Pressure 100
Move 3.6%
30 Jul 15:07 Bullish
Pressure 59
Move 2.2%
1 Aug 10:46 Bullish
Pressure 100
Move 2.9%
2 Aug 17:24 Bullish
Pressure 100
Move 2.9%
3 Aug 23:27 Bullish
Pressure 80
Move 2.3%
5 Aug 00:00 Bullish
Pressure 67
Move 2.2%

Strike Map

Where activity is clustering

Full strike map
Strike30.00
Calls · V 0 · OI 0
Puts · V 1 · OI 2
Strike50.00
Calls · V 1 · OI 1
Puts · V 0 · OI 0
Strike55.00
Calls · V 0 · OI 0
Puts · V 2 · OI 1
Strike60.00
Calls · V 0 · OI 1
Puts · V 1 · OI 34
Strike65.00
Calls · V 15 · OI 122
Puts · V 1 · OI 82
Strike70.00
Calls · V 1 · OI 174
Puts · V 3 · OI 183
Strike75.00
Calls · V 38 · OI 1163
Puts · V 0 · OI 0
Strike80.00
Calls · V 0 · OI 0
Puts · V 49 · OI 0

Term Structure

Expiration activity

Volume and IV
Expiry21 Aug 2026
Contracts15
Avg IV0.52
Put-call0.92
Expiry18 Sep 2026
Contracts20
Avg IV0.30
Put-call1.13
Expiry16 Oct 2026
Contracts25
Avg IV0.46
Put-call0.42
Expiry15 Jan 2027
Contracts18
Avg IV0.28
Put-call0.59
Expiry19 Mar 2027
Contracts18
Avg IV0.30
Put-call0.02

Skew

Call/put IV balance

OTM demand
21 Aug 2026Balanced skew
Call IV0.14
Put IV0.10
Skew-0.04
18 Sep 2026Balanced skew
Call IV0.07
Put IV0.10
Skew0.03
16 Oct 2026Balanced skew
Call IV0.07
Put IV0.10
Skew0.03
15 Jan 2027Put IV premium
Call IV0.05
Put IV0.31
Skew0.27
19 Mar 2027Put IV premium
Call IV0.05
Put IV0.26
Skew0.22

Contract Tape

Most active contracts

Full contract tape
ContractTECH260918P00030000
SidePut
Expiry18 Sep 2026
Strike30.00
Volume-
OI53
IV1.71
ContractTECH270617C00060000
SideCall
Expiry17 Jun 2027
Strike60.00
Volume-
OI10
IV0.33
ContractTECH270617P00075000
SidePut
Expiry17 Jun 2027
Strike75.00
Volume-
OI6
IV0.14
ContractTECH260918C00085000
SideCall
Expiry18 Sep 2026
Strike85.00
Volume-
OI1
IV0.31
ContractTECH270115P00030000
SidePut
Expiry15 Jan 2027
Strike30.00
Volume-
OI1
IV0.51
ContractTECH260821C00060000
SideCall
Expiry21 Aug 2026
Strike60.00
Volume-
OI1
IV1.11
ContractTECH260918C00090000
SideCall
Expiry18 Sep 2026
Strike90.00
Volume-
OI1
IV0.57
ContractTECH260918P00075000
SidePut
Expiry18 Sep 2026
Strike75.00
Volume-
OI1
IV0.31