Ticker Options Intelligence

BYRN options intelligence

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

Conviction 44 Market data through 31 Jul 2026 Checked 31 Jul 2026 20:37 · complete available chain

Call-side pressure

Bullish pressure

BYRN currently carries bullish options pressure with a 44/100 conviction score. The nearest-chain expected move is 59.3%, with volume/open-interest participation at 0.13.

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

Call-side pressure

Expected move 59.3%

Wider near-term move priced

Activity / OI 0.13

Current volume is quieter versus prior open interest

Put-call 0.35

Call-side skew

Trend fit 0

Options are not fully confirming trend

Weekly backdrop +28.5%

RS -69.6

Expected move 59.3%
Put-call volume 0.35
Volume / OI 0.13
Reference IV 1.37
Max pain 5.00
Underlying 3.54
Nearest expiry 21 Aug 2026
Contracts 88

Research Brief

BYRN 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 1.44–5.64; The largest call open-interest concentration is 5.00; the largest put concentration is 5.00. The most active strike by current volume is 5.00.

Priced range1.44–5.64
Call concentration5.00
Put concentration5.00
Max pain reference5.00
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 1.44 to 5.64. Max pain at 5.00 sits inside that range, 41.2% above spot.

Spot Max pain
1.443.54 ± 2.105.64
Confirmation level

A close beyond 5.64 or below 1.44 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 59/100 toward calls; conviction uses its strength, while the signal label carries its direction.

Directional pressure59 × 42%
+24.8

How strongly activity leans toward calls or puts.

Participation43 × 22%
+9.5

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 score43.8Matches stored calculation

Positioning by Strike

Where open interest and current activity concentrate

Full strike map

The largest call open-interest concentration is 5.00; the largest put concentration is 5.00. The most active strike by current volume is 5.00. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.

Put open interestStrikeCall open interest
8
2.50-29.4%
13
73
5.0041.2%
704
4
7.50111.9%
30
0
10.00182.5%
21
1
12.50253.1%
0
Nearest spot strike Max pain strikeBars show relative OI within this expiry

Volatility Curve

Front-loaded volatility

1.27× front/back

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

1.37 21 Aug 21d
1.07 18 Sep 49d
1.05 18 Dec 140d
0.88 15 Jan 168d
1.01 19 Mar 231d
1.07 21 Jan 539d

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.

Comparable strike volatility is unavailable.

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

A96/100
Retained chain100%
Implied volatility100%
Two-sided quotes100%
Open interest99%
Chain status
Complete available chain
Market date
31 Jul 2026
Calculation
v2.0
Contracts
88 / 88
  • 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

84/100
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 Bullish flow confirms price

Options pressure and weekly price action are pointing in the same constructive direction.

Why this matters

Put-heavy activity matters because it connects the options headline to the actual evidence: $295760 of estimated gross traded notional, puts · 91+ days · itm, and a bullish flow confirms price backdrop. Use it as a research priority signal, then validate the chart, liquidity, event calendar, and risk before acting.

Options pressure+59
1W price+28.5%
Call premium11%
Put premium89%
Notional split C 11% / P 89% Estimated gross traded notional uses volume × contract multiplier × midpoint, or last price when no valid midpoint is available.
Freshness 0.13 Volume divided by open interest across the visible chain.
Trend fit 0/100 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 205 contracts traded, $244676 estimated gross traded notional, and 83% of visible notional.
$244676
Puts · 46-90 days · ITM puts cluster with 29 contracts traded, $17800 estimated gross traded notional, and 6% of visible notional.
$17800
Calls · 91+ days · OTM calls cluster with 358 contracts traded, $17479 estimated gross traded notional, and 6% of visible notional.
$17479
Calls · 91+ days · ITM calls cluster with 27 contracts traded, $6812 estimated gross traded notional, and 2% of visible notional.
$6812
Calls · 8-21 days · OTM calls cluster with 180 contracts traded, $3788 estimated gross traded notional, and 1% of visible notional.
$3788

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
Close4.55
1W+28.5%
RS-69.6
Fair value-68.8%
Options pressure59
Speculation43
Volatility96
Trend fit0

Today Versus Normal

Stored-options context

View history
Expected move 59.3% history building
30d avg - · 3/10 sessions -
90d avg - · 3/30 sessions -
180d avg - · 3/60 sessions -
IV 1.37 history building
30d avg - · 3/10 sessions -
90d avg - · 3/30 sessions -
180d avg - · 3/60 sessions -
Put-call 0.35 history building
30d avg - · 3/10 sessions -
90d avg - · 3/30 sessions -
180d avg - · 3/60 sessions -
Volume/OI 0.13 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 11:43 Volatility
Pressure 100
Move 44.5%
30 Jul 01:01 Volatility
Pressure 100
Move 31.4%
30 Jul 15:04 Bullish
Pressure 30
Move 54.4%
30 Jul 15:38 Bullish
Pressure 30
Move 54.4%
30 Jul 16:26 Bullish
Pressure 34
Move 54.4%
30 Jul 19:38 Bullish
Pressure 52
Move 54.4%
31 Jul 11:12 Volatility
Pressure 100
Move 33.1%
31 Jul 13:50 Bullish
Pressure 64
Move 56.5%

Strike Map

Where activity is clustering

Full strike map
Strike2.50
Calls · V 5 · OI 13
Puts · V 6 · OI 8
Strike5.00
Calls · V 165 · OI 704
Puts · V 10 · OI 73
Strike7.50
Calls · V 10 · OI 30
Puts · V 1 · OI 4
Strike10.00
Calls · V 5 · OI 21
Puts · V 0 · OI 0
Strike12.50
Calls · V 0 · OI 0
Puts · V 1 · OI 1

Term Structure

Expiration activity

Volume and IV
Expiry21 Aug 2026
Contracts8
Avg IV1.37
Put-call0.10
Expiry18 Sep 2026
Contracts22
Avg IV1.07
Put-call0.16
Expiry18 Dec 2026
Contracts7
Avg IV1.05
Put-call0.29
Expiry15 Jan 2027
Contracts25
Avg IV0.88
Put-call0.23
Expiry19 Mar 2027
Contracts3
Avg IV1.01
Put-call-

Skew

Call/put IV balance

OTM demand
21 Aug 2026Put IV premium
Call IV0.90
Put IV1.47
Skew0.57
18 Sep 2026Put IV premium
Call IV0.87
Put IV1.38
Skew0.51
18 Dec 2026Put IV premium
Call IV0.81
Put IV1.03
Skew0.23
15 Jan 2027Put IV premium
Call IV0.86
Put IV1.23
Skew0.37
19 Mar 2027Incomplete skew
Call IV0.95
Put IV-
Skew-

Contract Tape

Most active contracts

Full contract tape
ContractBYRN280121P00030000
SidePut
Expiry21 Jan 2028
Strike30.00
Volume-
OI-
IV0.68
ContractBYRN261218P00007500
SidePut
Expiry18 Dec 2026
Strike7.50
Volume-
OI20
IV0.74
ContractBYRN280121P00005000
SidePut
Expiry21 Jan 2028
Strike5.00
Volume-
OI2
IV0.83
ContractBYRN260918C00035000
SideCall
Expiry18 Sep 2026
Strike35.00
Volume-
OI1
IV3.79
ContractBYRN270115P00040000
SidePut
Expiry15 Jan 2027
Strike40.00
Volume-
OI-
IV2.66
ContractBYRN260918P00025000
SidePut
Expiry18 Sep 2026
Strike25.00
Volume-
OI-
IV0.00
ContractBYRN260918P00022500
SidePut
Expiry18 Sep 2026
Strike22.50
Volume-
OI-
IV0.00
ContractBYRN260821C00005000
SideCall
Expiry21 Aug 2026
Strike5.00
Volume165
OI704
IV0.90