Ticker Options Intelligence

OKE options intelligence

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

Conviction 51 Market data through 31 Jul 2026 Checked 31 Jul 2026 14:55 · complete available chain

Call-side pressure

Bullish pressure

OKE currently carries bullish options pressure with a 51/100 conviction score. The nearest-chain expected move is 8.6%, with volume/open-interest participation at 0.07.

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

Call-side pressure

Expected move 8.6%

Wider near-term move priced

Activity / OI 0.07

Current volume is quieter versus prior open interest

Put-call 0.22

Call-side skew

Trend fit 24

Options are not fully confirming trend

Weekly backdrop -0.4%

RS 9.8

Expected move 8.6%
Put-call volume 0.22
Volume / OI 0.07
Reference IV 0.39
Max pain 90.00
Underlying 93.16
Nearest expiry 21 Aug 2026
Contracts 267

Research Brief

OKE has a bullish chain read with 51/100 evidence alignment.

The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 85.16–101.16; The largest call open-interest concentration is 100.00; the largest put concentration is 85.00. The most active strike by current volume is 95.00.

Priced range85.16–101.16
Call concentration100.00
Put concentration85.00
Max pain reference90.00
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 85.16 to 101.16. Max pain at 90.00 sits inside that range, 3.4% below spot.

Spot Max pain
85.1693.16 ± 8.00101.16
Confirmation level

A close beyond 101.16 or below 85.16 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 51/100

Evidence alignment, not probability

Pressure is 71/100 toward calls; conviction uses its strength, while the signal label carries its direction.

Directional pressure71 × 42%
+29.8

How strongly activity leans toward calls or puts.

Participation42 × 22%
+9.1

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

Trend agreement24 × 26%
+6.2

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

Volatility62 × 10%
+6.2

The intensity of implied volatility and the priced move.

Reconstructed score51.4Matches stored calculation

Positioning by Strike

Where open interest and current activity concentrate

Full strike map

The largest call open-interest concentration is 100.00; the largest put concentration is 85.00. The most active strike by current volume is 95.00. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.

Put open interestStrikeCall open interest
2
45.00-51.7%
0
1
50.00-46.3%
1
28
65.00-30.2%
0
39
70.00-24.9%
2
203
75.00-19.5%
4
887
80.00-14.1%
99
3813
85.00-8.8%
326
1146
90.00-3.4%
2430
399
95.002.0%
3307
0
100.007.3%
5345
0
105.0012.7%
858
0
110.0018.1%
75
0
115.0023.4%
5
0
120.0028.8%
8
Nearest spot strike Max pain strikeBars show relative OI within this expiry

Volatility Curve

Front-loaded volatility

1.56× front/back

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

0.39 21 Aug 21d
0.35 18 Sep 49d
0.33 16 Oct 77d
0.32 18 Dec 140d
0.27 15 Jan 168d
0.27 19 Mar 231d
0.31 17 Jun 321d
0.25 21 Jan 539d

Volatility by Strike

Upside optionality premium

Nearest expiry, within 20% of spot

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

75
80
85
90
95
100
105
110
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
31 Jul 2026
Calculation
v2.0
Contracts
267 / 267
  • 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

75/100
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 Bullish flow before price confirmation

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

Why this matters

Earnings/event positioning matters because it connects the options headline to the actual evidence: $9.1M 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+71
1W price-0.4%
Call premium91%
Put premium9%
Notional split C 91% / P 9% Estimated gross traded notional uses volume × contract multiplier × midpoint, or last price when no valid midpoint is available.
Freshness 0.07 Volume divided by open interest across the visible chain.
Trend fit 24/100 Agreement between options pressure and Sharemaestro market context.
Event window 3 Aug Matched earnings event is 2 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 · ITM
Calls · 91+ days · ITM calls cluster with 1783 contracts traded, $6.2M estimated gross traded notional, and 68% of visible notional.
$6.2M
Calls · 46-90 days · ITM calls cluster with 1718 contracts traded, $1.4M estimated gross traded notional, and 15% of visible notional.
$1.4M
Calls · 91+ days · OTM calls cluster with 1715 contracts traded, $572064 estimated gross traded notional, and 6% of visible notional.
$572064
Puts · 91+ days · OTM puts cluster with 705 contracts traded, $348951 estimated gross traded notional, and 4% of visible notional.
$348951
Puts · 91+ days · ITM puts cluster with 82 contracts traded, $161555 estimated gross traded notional, and 2% of visible notional.
$161555

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.

Warning Bullish pressure over fair value

Call pressure is building while the stock sits above Sharemaestro fair value.

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
Close93.16
1W-0.4%
RS9.8
Fair value+21.5%
Options pressure71
Speculation42
Volatility62
Trend fit24

Today Versus Normal

Stored-options context

View history
Expected move 8.6% history building
30d avg - · 3/10 sessions -
90d avg - · 3/30 sessions -
180d avg - · 3/60 sessions -
IV 0.39 history building
30d avg - · 3/10 sessions -
90d avg - · 3/30 sessions -
180d avg - · 3/60 sessions -
Put-call 0.22 history building
30d avg - · 3/10 sessions -
90d avg - · 3/30 sessions -
180d avg - · 3/60 sessions -
Volume/OI 0.07 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 10:07 Bullish
Pressure 67
Move 9.0%
30 Jul 10:05 Bullish
Pressure 29
Move 8.6%
31 Jul 12:19 Bullish
Pressure 86
Move 8.9%
31 Jul 13:55 Bullish
Pressure 71
Move 8.6%

Strike Map

Where activity is clustering

Full strike map
Strike45.00
Calls · V 0 · OI 0
Puts · V 2 · OI 2
Strike50.00
Calls · V 1 · OI 1
Puts · V 1 · OI 1
Strike65.00
Calls · V 0 · OI 0
Puts · V 1 · OI 28
Strike70.00
Calls · V 2 · OI 2
Puts · V 1 · OI 39
Strike75.00
Calls · V 1 · OI 4
Puts · V 21 · OI 203
Strike80.00
Calls · V 1 · OI 99
Puts · V 2 · OI 887
Strike85.00
Calls · V 66 · OI 326
Puts · V 17 · OI 3813
Strike90.00
Calls · V 38 · OI 2430
Puts · V 1 · OI 1146

Term Structure

Expiration activity

Volume and IV
Expiry21 Aug 2026
Contracts21
Avg IV0.39
Put-call0.51
Expiry18 Sep 2026
Contracts32
Avg IV0.35
Put-call0.05
Expiry16 Oct 2026
Contracts25
Avg IV0.33
Put-call1.12
Expiry18 Dec 2026
Contracts35
Avg IV0.32
Put-call0.58
Expiry15 Jan 2027
Contracts56
Avg IV0.27
Put-call0.10

Skew

Call/put IV balance

OTM demand
21 Aug 2026Balanced skew
Call IV0.37
Put IV0.42
Skew0.04
18 Sep 2026Balanced skew
Call IV0.34
Put IV0.34
Skew0.00
16 Oct 2026Balanced skew
Call IV0.32
Put IV0.32
Skew-0.01
18 Dec 2026Balanced skew
Call IV0.30
Put IV0.34
Skew0.03
15 Jan 2027Balanced skew
Call IV0.30
Put IV0.31
Skew0.01

Contract Tape

Most active contracts

Full contract tape
ContractOKE270617C00055000
SideCall
Expiry17 Jun 2027
Strike55.00
Volume-
OI20
IV0.57
ContractOKE260821C00120000
SideCall
Expiry21 Aug 2026
Strike120.00
Volume-
OI8
IV0.64
ContractOKE280121P00130000
SidePut
Expiry21 Jan 2028
Strike130.00
Volume-
OI5
IV0.40
ContractOKE280121P00140000
SidePut
Expiry21 Jan 2028
Strike140.00
Volume-
OI4
IV0.39
ContractOKE261218P00105000
SidePut
Expiry18 Dec 2026
Strike105.00
Volume-
OI3
IV0.28
ContractOKE280121P00135000
SidePut
Expiry21 Jan 2028
Strike135.00
Volume-
OI3
IV0.41
ContractOKE270617P00135000
SidePut
Expiry17 Jun 2027
Strike135.00
Volume-
OI1
IV0.49
ContractOKE270617C00125000
SideCall
Expiry17 Jun 2027
Strike125.00
Volume-
OI1
IV0.33