Ticker Options Intelligence

BANC options intelligence

Banc of California, Inc. options pressure, expected move, strike concentration, and Sharemaestro trend context.

Conviction 32 Market data through 3 Aug 2026 Checked 4 Aug 2026 04:11 · complete available chain

Options-market disagreement

Mixed pressure

BANC currently carries mixed options pressure with a 32/100 conviction score. The nearest-chain expected move is 6.9%, with volume/open-interest participation at 0.06.

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

Options-market disagreement

Expected move 6.9%

Wider near-term move priced

Activity / OI 0.06

Current volume is quieter versus prior open interest

Put-call 0.89

Balanced tape

Trend fit 81

Options agree with trend context

Weekly backdrop -10.0%

RS -3.4

Expected move 6.9%
Put-call volume 0.89
Volume / OI 0.06
Reference IV 0.35
Max pain 20.00
Underlying 19.15
Nearest expiry 21 Aug 2026
Contracts 110

Research Brief

BANC has a mixed chain read with 32/100 evidence alignment.

The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 17.83–20.47; The largest call open-interest concentration is 22.50; the largest put concentration is 17.50. The most active strike by current volume is 17.50.

Priced range17.83–20.47
Call concentration22.50
Put concentration17.50
Max pain reference20.00
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.
What would weaken it
  • Volatility falls and the chain remains directionally mixed.
  • 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 17.83 to 20.47. Max pain at 20.00 sits inside that range, 4.4% above spot.

Spot Max pain
17.8319.15 ± 1.3220.47
Confirmation level

A close beyond 20.47 or below 17.83 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 32/100

Evidence alignment, not probability

Pressure is 8/100 toward calls; conviction uses its strength, while the signal label carries its direction.

Directional pressure8 × 42%
+3.2

How strongly activity leans toward calls or puts.

Participation9 × 22%
+2.0

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

Trend agreement81 × 26%
+21.1

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

Volatility52 × 10%
+5.2

The intensity of implied volatility and the priced move.

Reconstructed score31.6Matches stored calculation

Positioning by Strike

Where open interest and current activity concentrate

Full strike map

The largest call open-interest concentration is 22.50; the largest put concentration is 17.50. The most active strike by current volume is 17.50. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.

Put open interestStrikeCall open interest
0
2.50-86.9%
0
2
5.00-73.9%
0
3
7.50-60.8%
0
0
10.00-47.8%
0
0
12.50-34.7%
0
2
15.00-21.7%
0
2036
17.50-8.6%
969
565
20.004.4%
1962
833
22.5017.5%
4075
0
25.0030.5%
4
0
30.0056.7%
0
0
35.0082.8%
0
0
40.00108.9%
0
Nearest spot strike Max pain strikeBars show relative OI within this expiry

Gamma Profile by Strike

Positive gamma proxy

Reported + model-estimated Greeks · 95% 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+$506,336Delta change / 1% move
Positive peak20.00+$430,291
Negative peak17.50-$18,616
Nearest balance17.60Interpolated sign change
StrikeNegativePositiveNet / 1% move
2.50-86.9%
-$0
5.00-73.9%
-$1
7.50-60.8%
-$3,573
10.00-47.8%
-$2,915
12.50-34.7%
-$1,750
15.00-21.7%
+$6,184
17.50-8.6%
-$18,616
20.004.4%
+$430,291
22.5017.5%
+$74,357
25.0030.5%
+$22,329
30.0056.7%
+$29
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

1.13× front/back

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

0.35 21 Aug 18d
0.24 18 Sep 46d
0.32 16 Oct 74d
0.32 15 Jan 165d
0.31 21 Jan 536d

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.

18
20
23
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
3 Aug 2026
Calculation
v2.0
Contracts
110 / 110
  • 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

Put-heavy activity

65/100
Primary intent Put-heavy activity

Put-side activity dominates. This can reflect hedging or directional positioning, but the chain alone cannot distinguish buying from selling.

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

Put-heavy activity matters because it connects the options headline to the actual evidence: $329,508 of estimated gross traded notional, puts · 91+ days · itm, 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+8
1W price-10.0%
Call premium15%
Put premium85%
Notional split C 15% / P 85% Estimated gross traded notional uses volume × contract multiplier × midpoint, or last price when no valid midpoint is available.
Freshness 0.06 Volume divided by open interest across the visible chain.
Trend fit 81/100 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 Puts · 91+ days · ITM
Puts · 91+ days · ITM puts cluster with 1000 contracts traded, $278,750 estimated gross traded notional, and 85% of visible notional.
$278,750
Calls · 91+ days · OTM calls cluster with 1014 contracts traded, $29,170 estimated gross traded notional, and 9% of visible notional.
$29,170
Calls · 8-21 days · ITM calls cluster with 100 contracts traded, $19,250 estimated gross traded notional, and 6% of visible notional.
$19,250
Calls · 46-90 days · OTM calls cluster with 16 contracts traded, $1,160 estimated gross traded notional, and 0% of visible notional.
$1,160
Puts · 46-90 days · ITM puts cluster with 6 contracts traded, $870 estimated gross traded notional, and 0% of visible notional.
$870

Setup Classification

Opportunity and risk frame

Context, not advice
Positive Options-confirmed trend

Positioning agrees with the Sharemaestro trend backdrop.

Warning Event-risk setup

Expected move or upcoming earnings makes the setup more event-sensitive.

Activity Anomaly

Warming up

-

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

Baseline: 4 completed sessions

Volume rank-
Volume/OI rank-
IV rank-

Market Context

Underlying confirmation

Sharemaestro weekly
Close19.15
1W-10.0%
RS-3.4
Fair value+28.0%
Options pressure8
Speculation9
Volatility52
Trend fit81

Today Versus Normal

Stored-options context

View history
Expected move 6.9% history building
30d avg - · 4/10 sessions -
90d avg - · 4/30 sessions -
180d avg - · 4/60 sessions -
IV 0.35 history building
30d avg - · 4/10 sessions -
90d avg - · 4/30 sessions -
180d avg - · 4/60 sessions -
Put-call 0.89 history building
30d avg - · 4/10 sessions -
90d avg - · 4/30 sessions -
180d avg - · 4/60 sessions -
Volume/OI 0.06 history building
30d avg - · 4/10 sessions -
90d avg - · 4/30 sessions -
180d avg - · 4/60 sessions -

Pressure Trail

Recent pressure and volatility

Open trail
29 Jul 10:54 Bullish
Pressure 65
Move 9.8%
30 Jul 10:45 Bearish
Pressure -27
Move 15.8%
31 Jul 10:31 Bullish
Pressure 58
Move 16.0%
31 Jul 13:35 Bearish
Pressure -45
Move 14.7%
31 Jul 15:39 Volatility
Pressure -24
Move 17.2%
31 Jul 16:30 Volatility
Pressure -24
Move 17.2%
31 Jul 17:25 Volatility
Pressure -24
Move 16.9%
2 Aug 09:37 Bullish
Pressure 92
Move 6.7%

Strike Map

Where activity is clustering

Full strike map
Strike2.50
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike5.00
Calls · V 0 · OI 0
Puts · V 0 · OI 2
Strike7.50
Calls · V 0 · OI 0
Puts · V 0 · OI 3
Strike10.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike12.50
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike15.00
Calls · V 0 · OI 0
Puts · V 0 · OI 2
Strike17.50
Calls · V 100 · OI 969
Puts · V 0 · OI 2036
Strike20.00
Calls · V 1 · OI 1962
Puts · V 0 · OI 565

Term Structure

Expiration activity

Volume and IV
Expiry21 Aug 2026
Contracts26
Avg IV0.35
Put-call-
Expiry18 Sep 2026
Contracts14
Avg IV0.24
Put-call-
Expiry16 Oct 2026
Contracts22
Avg IV0.32
Put-call0.38
Expiry15 Jan 2027
Contracts24
Avg IV0.32
Put-call0.99
Expiry21 Jan 2028
Contracts24
Avg IV0.31
Put-call-

Skew

Call/put IV balance

OTM demand
21 Aug 2026Call IV premium
Call IV0.31
Put IV0.23
Skew-0.08
18 Sep 2026Call IV premium
Call IV0.30
Put IV0.14
Skew-0.16
16 Oct 2026Put IV premium
Call IV0.29
Put IV0.37
Skew0.08
15 Jan 2027Put IV premium
Call IV0.27
Put IV0.37
Skew0.10
21 Jan 2028Balanced skew
Call IV0.30
Put IV0.31
Skew0.01

Contract Tape

Most active contracts

Full contract tape
ContractBANC270115C00025000
SideCall
Expiry15 Jan 2027
Strike25.00
Volume1005
OI1051
IV0.32
ContractBANC270115P00020000
SidePut
Expiry15 Jan 2027
Strike20.00
Volume500
OI731
IV0.35
ContractBANC270115P00022500
SidePut
Expiry15 Jan 2027
Strike22.50
Volume500
OI541
IV0.32
ContractBANC260821C00017500
SideCall
Expiry21 Aug 2026
Strike17.50
Volume100
OI969
IV0.43
ContractBANC261016C00020000
SideCall
Expiry16 Oct 2026
Strike20.00
Volume16
OI2936
IV0.29
ContractBANC270115C00020000
SideCall
Expiry15 Jan 2027
Strike20.00
Volume7
OI4191
IV0.31
ContractBANC261016P00020000
SidePut
Expiry16 Oct 2026
Strike20.00
Volume6
OI277
IV0.32
ContractBANC270115P00015000
SidePut
Expiry15 Jan 2027
Strike15.00
Volume3
OI268
IV0.38