Primary read
Bullish
Call-side pressure
Ticker Options Intelligence
SHG options intelligence
Shinhan Financial Group Co Ltd options pressure, expected move, strike concentration, and Sharemaestro trend context.
Conviction
50
Market data through 30 Jul 2026
Checked 31 Jul 2026 06:53 · complete available chain
Call-side pressure
Bullish pressure
SHG currently carries bullish options pressure with a 50/100 conviction score. The nearest-chain expected move is 9.1%, with volume/open-interest participation at 0.02.
Expected move
9.1%
Wider near-term move priced
Activity / OI
0.02
Current volume is quieter versus prior open interest
Put-call
0.00
Call-side skew
Trend fit
0
Options are not fully confirming trend
Weekly backdrop
+1.0%
RS 13.1
Expected move
9.1%
Put-call volume
-
Volume / OI
0.02
Reference IV
0.37
Max pain
70.00
Underlying
71.49
Nearest expiry
21 Aug 2026
Contracts
116
Research Brief
SHG has a bullish chain read with 50/100 evidence alignment.
The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 64.99–77.99; The largest call open-interest concentration is 75.00; the largest put concentration is 60.00. The most active strike by current volume is 75.00.
Priced range64.99–77.99
Call concentration75.00
Put concentration60.00
Max pain reference70.00
- Price holds or improves while call-side concentration remains elevated.
- Price weakens while call pressure fades or reverses toward puts.
- Options and the weekly trend are not yet giving the same message.
Priced Move
Where the chain says movement becomes exceptional
Options imply 64.99 to 77.99. Max pain at 70.00 sits inside that range, 2.1% below spot.
Spot
Max pain
64.9971.49 ± 6.5077.99
Confirmation level
A close beyond 77.99 or below 64.99 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 50/100
Pressure is 100/100 toward calls; conviction uses its strength, while the signal label carries its direction.
Directional pressure100 × 42%
+42.0
How strongly activity leans toward calls or puts.
Participation8 × 22%
+1.9
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.
Volatility62 × 10%
+6.2
The intensity of implied volatility and the priced move.
Positioning by Strike
Where open interest and current activity concentrate
The largest call open-interest concentration is 75.00; the largest put concentration is 60.00. The most active strike by current volume is 75.00. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.
Put open interestStrikeCall open interest
0
40.00-44.0%
0
1
45.00-37.1%
0
1
50.00-30.1%
0
0
55.00-23.1%
0
2
60.00-16.1%
0
0
65.00-9.1%
0
1
70.00-2.1%
1
0
75.004.9%
513
0
80.0011.9%
0
0
85.0018.9%
24
0
90.0025.9%
0
0
95.0032.9%
0
0
100.0039.9%
0
0
105.0046.9%
0
Nearest spot strike Max pain strikeBars show relative OI within this expiry
Volatility Curve
Balanced volatility curve
Near- and longer-dated implied volatility are broadly aligned; no exceptional front-expiry premium is visible.
0.37
21 Aug
22d
0.42
18 Sep
50d
0.41
18 Dec
141d
0.41
19 Mar
232d
Volatility by Strike
Balanced wings
Comparable upside calls and downside puts carry broadly similar implied volatility.
60
65
70
75
80
85
Put IV Call IV
Historical Replay
How matured reads behaved through expiry
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
Retained chain100%
Implied volatility100%
Two-sided quotes100%
Open interest100%
- Chain status
- Complete available chain
- Market date
- 30 Jul 2026
- Calculation
- v2.0
- Contracts
- 116 / 116
- 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
Short-dated OTM call concentration
Call activity is concentrated in upside and shorter-dated contracts; trade direction remains unconfirmed without aggressor data.
Options pressure and weekly price action are pointing in the same constructive direction.
Short-dated OTM call concentration matters because it connects the options headline to the actual evidence: $3650 of estimated gross traded notional, calls · 8-21 days · otm, 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+100
1W price+1.0%
Call premium100%
Put premium0%
Notional split
C 100% / P 0%
Estimated gross traded notional uses volume × contract multiplier × midpoint, or last price when no valid midpoint is available.
Freshness
0.02
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.
Calls · 8-21 days · OTM
calls cluster with 20 contracts traded, $3250 estimated gross traded notional, and 89% of visible notional.
$3250
Calls · 8-21 days · ATM
calls cluster with 1 contracts traded, $400 estimated gross traded notional, and 11% of visible notional.
$400
Setup Classification
Opportunity and risk frame
The tape is pricing or displaying unusually elevated activity.
Expected move or upcoming earnings makes the setup more event-sensitive.
Options positioning is not confirming the underlying trend context.
Underlying price is close to the max-pain zone.
Call pressure is building while the stock sits above Sharemaestro fair value.
Activity Anomaly
Warming up
2 of 10 completed market sessions are available. More session history is needed before activity can be compared with a reliable normal.
Baseline: 2 completed sessions
Volume rank-
Volume/OI rank-
IV rank-
Market Context
Underlying confirmation
Close71.49
1W+1.0%
RS13.1
Fair value+71.0%
Options pressure100
Speculation8
Volatility62
Trend fit0
Today Versus Normal
Stored-options context
30d avg - · 2/10 sessions
-
90d avg - · 2/30 sessions
-
180d avg - · 2/60 sessions
-
30d avg - · 2/10 sessions
-
90d avg - · 2/30 sessions
-
180d avg - · 2/60 sessions
-
30d avg - · 2/10 sessions
-
90d avg - · 2/30 sessions
-
180d avg - · 2/60 sessions
-
30d avg - · 2/10 sessions
-
90d avg - · 2/30 sessions
-
180d avg - · 2/60 sessions
-
Pressure Trail
Recent pressure and volatility
29 Jul 10:14
Bullish
Pressure 100
Move 8.5%
30 Jul 10:10
Bearish
Pressure -22
Move 8.8%
31 Jul 05:53
Bullish
Pressure 100
Move 9.1%
Strike Map
Where activity is clustering
Strike40.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike45.00
Calls · V 0 · OI 0
Puts · V 0 · OI 1
Strike50.00
Calls · V 0 · OI 0
Puts · V 0 · OI 1
Strike55.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike60.00
Calls · V 0 · OI 0
Puts · V 0 · OI 2
Strike65.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike70.00
Calls · V 1 · OI 1
Puts · V 0 · OI 1
Strike75.00
Calls · V 20 · OI 513
Puts · V 0 · OI 0
Term Structure
Expiration activity
Expiry21 Aug 2026
Contracts28
Avg IV0.37
Put-call-
Expiry18 Sep 2026
Contracts30
Avg IV0.42
Put-call-
Expiry18 Dec 2026
Contracts28
Avg IV0.41
Put-call-
Expiry19 Mar 2027
Contracts30
Avg IV0.41
Put-call-
Skew
Call/put IV balance
21 Aug 2026Put IV premium
Call IV0.38
Put IV0.52
Skew0.15
18 Sep 2026Put IV premium
Call IV0.37
Put IV0.54
Skew0.18
18 Dec 2026Balanced skew
Call IV0.41
Put IV0.45
Skew0.04
19 Mar 2027Put IV premium
Call IV0.38
Put IV0.46
Skew0.09
Contract Tape
Most active contracts
ContractSHG260821C00075000
SideCall
Expiry21 Aug 2026
Strike75.00
Volume20
OI513
IV0.38
ContractSHG260821C00070000
SideCall
Expiry21 Aug 2026
Strike70.00
Volume1
OI1
IV0.37
ContractSHG261218C00080000
SideCall
Expiry18 Dec 2026
Strike80.00
Volume-
OI338
IV0.35
ContractSHG260918C00090000
SideCall
Expiry18 Sep 2026
Strike90.00
Volume-
OI63
IV0.40
ContractSHG260918C00055000
SideCall
Expiry18 Sep 2026
Strike55.00
Volume-
OI50
IV0.48
ContractSHG260918C00085000
SideCall
Expiry18 Sep 2026
Strike85.00
Volume-
OI31
IV0.38
ContractSHG260918C00080000
SideCall
Expiry18 Sep 2026
Strike80.00
Volume-
OI29
IV0.37
ContractSHG260918C00070000
SideCall
Expiry18 Sep 2026
Strike70.00
Volume-
OI24
IV0.36
Research Graph
Related research and context
Sharemaestro research
Related News
Market Watch
No recent market-watch posts yet.
Earnings
Plain English Guide
Options context
What usually looks constructive
What usually looks cautious
Options can move quickly and can lose value fast. Treat this as research context, not a buy or sell instruction.