Primary read
Bullish
Call-side pressure
Ticker Options Intelligence
BN options intelligence
Brookfield Corp options pressure, expected move, strike concentration, and Sharemaestro trend context.
Conviction
48
Market data through 31 Jul 2026
Checked 1 Aug 2026 15:27 · complete available chain
Call-side pressure
Bullish pressure
BN currently carries bullish options pressure with a 48/100 conviction score. The nearest-chain expected move is 5.2%, with volume/open-interest participation at 0.06.
Expected move
5.2%
Near-term move context
Activity / OI
0.06
Current volume is quieter versus prior open interest
Put-call
0.08
Call-side skew
Trend fit
0
Options are not fully confirming trend
Weekly backdrop
+2.1%
RS -12.2
Expected move
5.2%
Put-call volume
0.08
Volume / OI
0.06
Reference IV
0.35
Max pain
42.00
Underlying
42.53
Nearest expiry
21 Aug 2026
Contracts
176
Research Brief
BN has a bullish chain read with 48/100 evidence alignment.
The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 40.31–44.75; The largest call open-interest concentration is 48.00; the largest put concentration is 40.00. The most active strike by current volume is 43.00.
Priced range40.31–44.75
Call concentration48.00
Put concentration40.00
Max pain reference42.00
- 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.
- 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
Options imply 40.31 to 44.75. Max pain at 42.00 sits inside that range, 1.2% below spot.
Spot
Max pain
40.3142.53 ± 2.2244.75
Confirmation level
A close beyond 44.75 or below 40.31 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 48/100
Pressure is 82/100 toward calls; conviction uses its strength, while the signal label carries its direction.
Directional pressure82 × 42%
+34.3
How strongly activity leans toward calls or puts.
Participation41 × 22%
+9.1
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.
Volatility46 × 10%
+4.6
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 48.00; the largest put concentration is 40.00. The most active strike by current volume is 43.00. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.
Put open interestStrikeCall open interest
111
35.00-17.7%
0
103
36.00-15.4%
0
125
37.00-13.0%
0
140
38.00-10.7%
0
107
39.00-8.3%
0
1205
40.00-5.9%
3
324
41.00-3.6%
0
248
42.00-1.2%
1615
430
43.001.1%
367
219
44.003.5%
137
82
45.005.8%
933
205
46.008.2%
2059
560
47.0010.5%
826
0
48.0012.9%
2948
0
49.0015.2%
340
0
50.0017.6%
166
0
55.0029.3%
55
Nearest spot strike Max pain strikeBars show relative OI within this expiry
Volatility Curve
Front-loaded volatility
Near-term options are materially richer than later expirations, consistent with concentrated event or immediate-risk pricing.
0.35
21 Aug
21d
0.30
18 Sep
49d
0.29
16 Oct
77d
0.30
15 Jan
168d
Volatility by Strike
Downside protection premium
Out-of-the-money puts carry higher implied volatility than comparable calls, indicating richer downside protection.
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
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
- 31 Jul 2026
- Calculation
- v2.0
- Contracts
- 176 / 176
- 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
Call activity against legacy put OI
Call activity is dominant while put open interest remains large but current put volume is not leading.
Options pressure and weekly price action are pointing in the same constructive direction.
Call activity against legacy put OI matters because it connects the options headline to the actual evidence: $106623 of estimated gross traded notional, calls · 46-90 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+82
1W price+2.1%
Call premium89%
Put premium11%
Notional split
C 89% / P 11%
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
0/100
Agreement between options pressure and Sharemaestro market context.
Event window
6 Aug
Matched earnings event is 4 days away.
Aggregate chain data does not identify trade aggressor or opening versus closing activity; call/put concentration is not proof of market direction.
Do not infer a hedge unwind without next-session open-interest changes and opening/closing data.
Calls · 46-90 days · OTM
calls cluster with 1764 contracts traded, $69972 estimated gross traded notional, and 66% of visible notional.
$69972
Calls · 8-21 days · ATM
calls cluster with 116 contracts traded, $11342 estimated gross traded notional, and 11% of visible notional.
$11342
Calls · 91+ days · OTM
calls cluster with 95 contracts traded, $10688 estimated gross traded notional, and 10% of visible notional.
$10688
Puts · 46-90 days · OTM
puts cluster with 91 contracts traded, $7225 estimated gross traded notional, and 7% of visible notional.
$7225
Puts · 8-21 days · OTM
puts cluster with 64 contracts traded, $3688 estimated gross traded notional, and 3% of visible notional.
$3688
Setup Classification
Opportunity and risk frame
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.
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
Close42.53
1W+2.1%
RS-12.2
Fair value+19.3%
Options pressure82
Speculation41
Volatility46
Trend fit0
Today Versus Normal
Stored-options context
30d avg - · 3/10 sessions
-
90d avg - · 3/30 sessions
-
180d avg - · 3/60 sessions
-
30d avg - · 3/10 sessions
-
90d avg - · 3/30 sessions
-
180d avg - · 3/60 sessions
-
30d avg - · 3/10 sessions
-
90d avg - · 3/30 sessions
-
180d avg - · 3/60 sessions
-
30d avg - · 3/10 sessions
-
90d avg - · 3/30 sessions
-
180d avg - · 3/60 sessions
-
Pressure Trail
Recent pressure and volatility
29 Jul 10:02
Bullish
Pressure 84
Move 8.6%
30 Jul 10:01
Mixed
Pressure 8
Move 6.8%
30 Jul 20:37
Bearish
Pressure -31
Move 6.4%
31 Jul 09:29
Bearish
Pressure -19
Move 6.4%
1 Aug 07:34
Bullish
Pressure 82
Move 7.5%
1 Aug 14:27
Bullish
Pressure 82
Move 5.2%
Strike Map
Where activity is clustering
Strike25.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike30.00
Calls · V 0 · OI 0
Puts · V 0 · OI 1
Strike35.00
Calls · V 0 · OI 0
Puts · V 1 · OI 111
Strike36.00
Calls · V 0 · OI 0
Puts · V 0 · OI 103
Strike37.00
Calls · V 0 · OI 0
Puts · V 0 · OI 125
Strike38.00
Calls · V 0 · OI 0
Puts · V 0 · OI 140
Strike39.00
Calls · V 0 · OI 0
Puts · V 0 · OI 107
Strike40.00
Calls · V 0 · OI 3
Puts · V 62 · OI 1205
Term Structure
Expiration activity
Expiry21 Aug 2026
Contracts42
Avg IV0.35
Put-call0.56
Expiry18 Sep 2026
Contracts42
Avg IV0.30
Put-call0.02
Expiry16 Oct 2026
Contracts56
Avg IV0.29
Put-call0.70
Expiry15 Jan 2027
Contracts36
Avg IV0.30
Put-call-
Skew
Call/put IV balance
21 Aug 2026Put IV premium
Call IV0.28
Put IV0.56
Skew0.28
18 Sep 2026Balanced skew
Call IV0.33
Put IV0.31
Skew-0.02
16 Oct 2026Balanced skew
Call IV0.27
Put IV0.30
Skew0.03
15 Jan 2027Put IV premium
Call IV0.28
Put IV0.34
Skew0.06
Contract Tape
Most active contracts
ContractBN260918C00047000
SideCall
Expiry18 Sep 2026
Strike47.00
Volume1686
OI114
IV0.27
ContractBN260821C00043000
SideCall
Expiry21 Aug 2026
Strike43.00
Volume113
OI367
IV0.28
ContractBN270115C00050000
SideCall
Expiry15 Jan 2027
Strike50.00
Volume95
OI684
IV0.28
ContractBN260821P00040000
SidePut
Expiry21 Aug 2026
Strike40.00
Volume62
OI1205
IV0.39
ContractBN261016C00045000
SideCall
Expiry16 Oct 2026
Strike45.00
Volume31
OI712
IV0.29
ContractBN261016P00040000
SidePut
Expiry16 Oct 2026
Strike40.00
Volume30
OI494
IV0.33
ContractBN261016C00047000
SideCall
Expiry16 Oct 2026
Strike47.00
Volume30
OI199
IV0.27
ContractBN260918P00039000
SidePut
Expiry18 Sep 2026
Strike39.00
Volume30
OI13
IV0.31
Research Graph
Related research and context
Sharemaestro research
Related News
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Market Watch
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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.