Ticker Options Intelligence

BSAC options intelligence

Banco Santander Chile options pressure, expected move, strike concentration, and Sharemaestro trend context.

Conviction 38 Market data through 17 Sep 2026 Checked 18 Sep 2026 13:40 · complete available chain

Options-market disagreement

Mixed pressure

BSAC currently carries mixed options pressure with a 38/100 conviction score. The nearest-chain expected move is 6.4%, with volume/open-interest participation at 0.00.

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

Options-market disagreement

Expected move 6.4%

Wider near-term move priced

Activity / OI 0.00

Current volume is quieter versus prior open interest

Put-call -

Balanced tape

Trend fit 96

Options agree with trend context

Weekly backdrop -3.8%

RS -0.1

Expected move 6.4%
Put-call volume -
Volume / OI -
Reference IV 1.23
Max pain 30.00
Underlying 35.19
Nearest expiry 18 Sep 2026
Contracts 92

Research Brief

BSAC has a mixed chain read with 38/100 evidence alignment.

The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 32.93–37.45; The largest call open-interest concentration is 17.50; the largest put concentration is 30.00. The most active strike by current volume is 17.50.

Priced range32.93–37.45
Call concentration17.50
Put concentration30.00
Max pain reference30.00
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.
  • Participation is above the ticker's stored normal, which makes the read more noteworthy.
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 18 Sep

Options imply 32.93 to 37.45. Max pain at 30.00 lies outside the priced range, so it is a weak near-term anchor.

Spot Max pain
32.9335.19 ± 2.2637.45
Confirmation level

A close beyond 37.45 or below 32.93 at the 18 Sep 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 38/100

Evidence alignment, not probability

Pressure is 12/100 toward puts; conviction uses its strength, while the signal label carries its direction.

Directional pressure12 × 42%
+5.0

How strongly activity leans toward calls or puts.

Participation0 × 22%
+0.0

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

Trend agreement96 × 26%
+24.9

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

Volatility82 × 10%
+8.2

The intensity of implied volatility and the priced move.

Reconstructed score38.1Matches stored calculation

Positioning by Strike

Where open interest and current activity concentrate

Full strike map

The largest call open-interest concentration is 17.50; the largest put concentration is 30.00. 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
17.50-50.3%
1
0
20.00-43.2%
0
0
22.50-36.1%
0
0
25.00-29.0%
0
6
30.00-14.7%
0
0
35.00-0.5%
0
0
40.0013.7%
0
0
45.0027.9%
0
0
50.0042.1%
0
Nearest spot strike Max pain strikeBars show relative OI within this expiry

Gamma Profile by Strike

Negative gamma proxy

Reported Greeks · 100% coverage

Put-side gamma sensitivity outweighs the call-side proxy across the retained chain. The largest bars mark levels where delta-hedging sensitivity may be most concentrated.

Net profile-$172Delta change / 1% move
Positive peak35.00+$70
Negative peak30.00-$273
Nearest balance33.97Interpolated sign change
StrikeNegativePositiveNet / 1% move
15.00-57.4%
+$25
17.50-50.3%
+$6
30.00-14.7%
-$273
35.00-0.5%
+$70
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

5.37× front/back

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

1.23 18 Sep 1d
0.38 16 Oct 29d
0.21 20 Nov 64d
0.26 15 Jan 120d
0.23 16 Apr 211d

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.

30
35
40
Put IV Call IV

Historical Replay

How matured reads behaved through expiry

28 matured · 2 directional

Across 2 stored directional transitions, the next stored price moved in the labelled direction 0% of the time.

Directional follow-through0%
Moves contained by pricing100%
Average expiry move2.5%
17 Sep Mixed · 38 -3.8% through expiry 6.4% priced · v2.0
15 Sep Mixed · 39 -3.8% through expiry 7.5% priced · v2.0
14 Sep Volatility · 48 -3.8% through expiry 10.2% priced · v2.0
11 Sep Mixed · 35 -3.8% through expiry 5.7% priced · v2.0
9 Sep Mixed · 36 -5.1% through expiry 7.1% priced · v2.0
4 Sep Mixed · 35 -5.1% through expiry 7.0% priced · v2.0
2 Sep Volatility · 47 -3.7% through expiry 14.4% priced · v2.0
1 Sep Mixed · 36 -3.7% through expiry 8.3% priced · v2.0
28 Aug Mixed · 35 -3.7% through expiry 7.6% priced · v2.0
25 Aug Volatility · 46 -3.8% through expiry 15.8% priced · v2.0
24 Aug Mixed · 36 -3.8% through expiry 8.6% priced · v2.0
21 Aug Mixed · 36 -3.8% through expiry 9.2% priced · v2.0

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
17 Sep 2026
Calculation
v2.0
Contracts
92 / 92
  • 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

Likely noise

38/100
Primary intent Likely noise

Visible options activity is too thin or mixed to support a strong intent classification.

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

Likely noise matters because it connects the options headline to the actual evidence: $0 of estimated gross traded notional, no dominant cluster, 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-12
1W price-3.8%
Call premium0%
Put premium0%
Notional split C 0% / P 0% Estimated gross traded notional uses volume × contract multiplier × midpoint, or last price when no valid midpoint is available.
Freshness 0.00 Volume divided by open interest across the visible chain.
Trend fit 96/100 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 No dominant cluster

No high-conviction option cluster is visible in this snapshot.

Setup Classification

Opportunity and risk frame

Context, not advice
Positive Options-confirmed trend

Positioning agrees with the Sharemaestro trend backdrop.

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.

Activity Anomaly

High anomaly

87

Current options activity is unusually hot versus this ticker's stored history.

Baseline: 29 completed sessions

Volume rank83th
Volume/OI rank83th
IV rank97th

Market Context

Underlying confirmation

Sharemaestro weekly
Close33.84
1W-3.8%
RS-0.1
Fair value+47.4%
Options pressure-12
Speculation0
Volatility82
Trend fit96

Today Versus Normal

Stored-options context

View history
Expected move 6.4% muted
30d avg 8.9% · 14 sessions 14th
90d avg - · 29/30 sessions -
180d avg - · 29/60 sessions -
IV 1.23 elevated
30d avg 0.67 · 14 sessions 93th
90d avg - · 29/30 sessions -
180d avg - · 29/60 sessions -
Put-call - history building
30d avg - · 3/10 sessions -
90d avg - · 3/30 sessions -
180d avg - · 3/60 sessions -
Volume/OI 0.00 near normal
30d avg 0.13 · 14 sessions 79th
90d avg - · 29/30 sessions -
180d avg - · 29/60 sessions -

Pressure Trail

Recent pressure and volatility

Open trail
2 Aug 22:41 Mixed
Pressure 12
Move 9.3%
4 Aug 10:10 Mixed
Pressure 12
Move 6.5%
5 Aug 10:15 Bearish
Pressure -88
Move 7.5%
6 Aug 10:14 Mixed
Pressure 8
Move 9.0%
7 Aug 11:01 Mixed
Pressure 8
Move 7.8%
10 Aug 10:43 Bearish
Pressure -93
Move 6.5%
11 Aug 11:02 Mixed
Pressure 2
Move 6.8%
12 Aug 11:02 Mixed
Pressure 2
Move 5.1%

Strike Map

Where activity is clustering

Full strike map
Strike17.50
Calls · V 0 · OI 1
Puts · V 0 · OI 0
Strike20.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike22.50
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike25.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike30.00
Calls · V 0 · OI 0
Puts · V 0 · OI 6
Strike35.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike40.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike45.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0

Term Structure

Expiration activity

Volume and IV
Expiry18 Sep 2026
Contracts18
Avg IV1.23
Put-call-
Expiry16 Oct 2026
Contracts18
Avg IV0.38
Put-call-
Expiry20 Nov 2026
Contracts18
Avg IV0.21
Put-call-
Expiry15 Jan 2027
Contracts20
Avg IV0.26
Put-call-
Expiry16 Apr 2027
Contracts18
Avg IV0.23
Put-call-

Skew

Call/put IV balance

OTM demand
18 Sep 2026Call IV premium
Call IV1.29
Put IV1.17
Skew-0.13
16 Oct 2026Balanced skew
Call IV0.24
Put IV0.22
Skew-0.02
20 Nov 2026Balanced skew
Call IV0.15
Put IV0.15
Skew-
15 Jan 2027Put IV premium
Call IV0.11
Put IV0.33
Skew0.21
16 Apr 2027Put IV premium
Call IV0.08
Put IV0.27
Skew0.19

Contract Tape

Most active contracts

Full contract tape
ContractBSAC261016P00030000
SidePut
Expiry16 Oct 2026
Strike30.00
Volume-
OI8
IV0.22
ContractBSAC260918P00030000
SidePut
Expiry18 Sep 2026
Strike30.00
Volume-
OI6
IV1.17
ContractBSAC270115C00015000
SideCall
Expiry15 Jan 2027
Strike15.00
Volume-
OI5
IV0.92
ContractBSAC260918C00017500
SideCall
Expiry18 Sep 2026
Strike17.50
Volume-
OI1
IV7.83
ContractBSAC270115C00035000
SideCall
Expiry15 Jan 2027
Strike35.00
Volume-
OI1
IV0.36
ContractBSAC260918C00025000
SideCall
Expiry18 Sep 2026
Strike25.00
Volume-
OI-
IV4.16
ContractBSAC260918P00022500
SidePut
Expiry18 Sep 2026
Strike22.50
Volume-
OI-
IV3.24
ContractBSAC260918C00020000
SideCall
Expiry18 Sep 2026
Strike20.00
Volume-
OI-
IV6.47

Evidence context