Primary read
Bullish
Call-side pressure
Ticker Options Intelligence
ALLE options intelligence
Allegion PLC options pressure, expected move, strike concentration, and Sharemaestro trend context.
Conviction
38
Market data through 17 Sep 2026
Checked 18 Sep 2026 13:42 · complete available chain
Call-side pressure
Bullish pressure
ALLE currently carries bullish options pressure with a 38/100 conviction score. The nearest-chain expected move is 1.9%, with volume/open-interest participation at 0.00.
Expected move
1.9%
Near-term move context
Activity / OI
0.00
Current volume is quieter versus prior open interest
Put-call
0.33
Call-side skew
Trend fit
27
Options are not fully confirming trend
Weekly backdrop
-0.3%
RS -8.8
Expected move
1.9%
Put-call volume
0.33
Volume / OI
0.00
Reference IV
0.42
Max pain
155.00
Underlying
153.35
Nearest expiry
18 Sep 2026
Contracts
258
Research Brief
ALLE has a bullish 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 150.42–156.28; The largest call open-interest concentration is 165.00; the largest put concentration is 145.00. The most active strike by current volume is 160.00.
Priced range150.42–156.28
Call concentration165.00
Put concentration145.00
Max pain reference155.00
- 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 150.42 to 156.28. Max pain at 155.00 sits inside that range, 1.1% above spot.
Spot
Max pain
150.42153.35 ± 2.93156.28
Confirmation level
A close beyond 156.28 or below 150.42 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
Pressure is 61/100 toward calls; conviction uses its strength, while the signal label carries its direction.
Directional pressure61 × 42%
+25.7
How strongly activity leans toward calls or puts.
Participation7 × 22%
+1.5
Volume relative to existing open interest and contract-level activity.
Trend agreement27 × 26%
+7.1
How closely the chain read agrees with the underlying trend backdrop.
Volatility37 × 10%
+3.7
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 165.00; the largest put concentration is 145.00. The most active strike by current volume is 160.00. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.
Put open interestStrikeCall open interest
5
105.00-31.5%
0
5
110.00-28.3%
0
5
115.00-25.0%
0
5
120.00-21.7%
0
16
125.00-18.5%
0
10
130.00-15.2%
0
10
140.00-8.7%
0
74
145.00-5.4%
0
10
150.00-2.2%
82
52
155.001.1%
62
63
160.004.3%
490
3
165.007.6%
533
0
170.0010.9%
201
0
175.0014.1%
61
0
180.0017.4%
90
0
185.0020.6%
5
0
200.0030.4%
5
Nearest spot strike Max pain strikeBars show relative OI within this expiry
Gamma Profile by Strike
Positive gamma proxy
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+$3.1MDelta change / 1% move
Positive peak160.00+$1.9M
Negative peak155.00-$72,606
Nearest balance153.40Interpolated sign change
StrikeNegativePositiveNet / 1% move
100.00-34.8%
+$40
105.00-31.5%
-$31
110.00-28.3%
+$177
115.00-25.0%
-$261
120.00-21.7%
-$952
125.00-18.5%
-$871
130.00-15.2%
-$12,499
135.00-12.0%
-$852
140.00-8.7%
+$2,295
145.00-5.4%
-$44,331
150.00-2.2%
+$154,435
155.001.1%
-$72,606
160.004.3%
+$1.9M
165.007.6%
+$57,917
170.0010.9%
+$44,836
175.0014.1%
+$832,730
180.0017.4%
+$13,111
185.0020.6%
+$2,878
190.0023.9%
+$214,244
195.0027.2%
+$1,874
200.0030.4%
+$375
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
Near-term options are materially richer than later expirations, consistent with concentrated event or immediate-risk pricing.
0.42
18 Sep
1d
0.25
16 Oct
29d
0.28
20 Nov
64d
0.27
18 Dec
92d
0.27
19 Mar
183d
Volatility by Strike
Downside protection premium
Out-of-the-money puts carry higher implied volatility than comparable calls, indicating richer downside protection.
125
130
135
140
145
150
155
160
165
170
175
180
Put IV Call IV
Historical Replay
How matured reads behaved through expiry
Across 24 stored directional transitions, the next stored price moved in the labelled direction 54% of the time.
Directional follow-through54%
Moves contained by pricing70%
Average expiry move3.2%
17 Sep
Bullish · 38
-0.7% through expiry
1.9% priced · v2.0
15 Sep
Bearish · 51
-0.7% through expiry
2.7% priced · v2.0
11 Sep
Bullish · 58
-0.7% through expiry
3.0% priced · v2.0
9 Sep
Bullish · 39
-3.1% through expiry
3.3% priced · v2.0
8 Sep
Mixed · 37
-3.1% through expiry
3.5% priced · v2.0
4 Sep
Bearish · 40
-3.1% through expiry
3.9% priced · v2.0
3 Sep
Bearish · 55
-3.3% through expiry
4.1% priced · v2.0
1 Sep
Mixed · 25
-3.3% through expiry
4.6% priced · v2.0
25 Aug
Bearish · 52
-6.2% through expiry
5.3% priced · v2.0
24 Aug
Bearish · 45
-6.2% through expiry
5.9% priced · v2.0
21 Aug
Bullish · 47
-6.2% through expiry
5.9% priced · v2.0
20 Aug
Bullish · 38
-1.8% through expiry
2.1% 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
Retained chain100%
Implied volatility100%
Two-sided quotes100%
Open interest100%
- Chain status
- Complete available chain
- Market date
- 17 Sep 2026
- Calculation
- v2.0
- Contracts
- 258 / 258
- 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
Multi-expiry position-maintenance candidate
Activity is spread across expirations with heavier open interest than current volume, which can be consistent with position maintenance.
Call-side pressure is building before a meaningful weekly price response.
Multi-expiry position-maintenance candidate matters because it connects the options headline to the actual evidence: $3,292 of estimated gross traded notional, calls · 22-45 days · atm, and a bullish flow before price confirmation backdrop. Use it as a research priority signal, then validate the chart, liquidity, event calendar, and risk before acting.
Options pressure+61
1W price-0.3%
Call premium64%
Put premium36%
Notional split
C 64% / P 36%
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
27/100
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.
Roll detection is conservative because opening and closing legs are not directly observable in this snapshot.
Calls · 22-45 days · ATM
calls cluster with 5 contracts traded, $1,975 estimated gross traded notional, and 60% of visible notional.
$1,975
Puts · 0-7 days · ITM
puts cluster with 2 contracts traded, $1,200 estimated gross traded notional, and 36% of visible notional.
$1,200
Calls · 0-7 days · ATM
calls cluster with 1 contracts traded, $118 estimated gross traded notional, and 4% of visible notional.
$118
Setup Classification
Opportunity and risk frame
Options positioning is not confirming the underlying trend context.
Underlying price is close to the max-pain zone.
Activity Anomaly
Normal range
Activity is broadly in line with recent stored snapshots.
Baseline: 28 completed sessions
Volume rank0th
Volume/OI rank0th
IV rank100th
Market Context
Underlying confirmation
Close152.28
1W-0.3%
RS-8.8
Fair value+10.9%
Options pressure61
Speculation7
Volatility37
Trend fit27
Today Versus Normal
Stored-options context
30d avg 3.8% · 13 sessions
0th
90d avg - · 28/30 sessions
-
180d avg - · 28/60 sessions
-
30d avg 0.28 · 13 sessions
100th
90d avg - · 28/30 sessions
-
180d avg - · 28/60 sessions
-
30d avg 2.31 · 13 sessions
23th
90d avg - · 28/30 sessions
-
180d avg - · 28/60 sessions
-
30d avg 0.09 · 13 sessions
0th
90d avg - · 28/30 sessions
-
180d avg - · 28/60 sessions
-
Pressure Trail
Recent pressure and volatility
30 Jul 19:49
Bullish
Pressure 100
Move 5.5%
31 Jul 09:10
Bullish
Pressure 100
Move 5.7%
2 Aug 17:38
Bullish
Pressure 47
Move 5.6%
4 Aug 10:05
Bullish
Pressure 79
Move 5.8%
5 Aug 10:14
Bullish
Pressure 39
Move 7.7%
6 Aug 10:13
Bullish
Pressure 85
Move 8.8%
7 Aug 11:00
Bullish
Pressure 99
Move 9.6%
10 Aug 10:42
Bullish
Pressure 100
Move 3.7%
Strike Map
Where activity is clustering
Strike85.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike90.00
Calls · V 0 · OI 0
Puts · V 0 · OI 1
Strike95.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike100.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike105.00
Calls · V 0 · OI 0
Puts · V 0 · OI 5
Strike110.00
Calls · V 0 · OI 0
Puts · V 0 · OI 5
Strike115.00
Calls · V 0 · OI 0
Puts · V 0 · OI 5
Strike120.00
Calls · V 0 · OI 0
Puts · V 0 · OI 5
Term Structure
Expiration activity
Expiry18 Sep 2026
Contracts54
Avg IV0.42
Put-call2.00
Expiry16 Oct 2026
Contracts46
Avg IV0.25
Put-call-
Expiry20 Nov 2026
Contracts46
Avg IV0.28
Put-call-
Expiry18 Dec 2026
Contracts56
Avg IV0.27
Put-call-
Expiry19 Mar 2027
Contracts56
Avg IV0.27
Put-call-
Skew
Call/put IV balance
18 Sep 2026Call IV premium
Call IV0.55
Put IV0.21
Skew-0.34
16 Oct 2026Balanced skew
Call IV0.26
Put IV0.26
Skew-
20 Nov 2026Balanced skew
Call IV0.29
Put IV0.28
Skew-0.01
18 Dec 2026Balanced skew
Call IV0.27
Put IV0.27
Skew-
19 Mar 2027Balanced skew
Call IV0.26
Put IV0.27
Skew0.01
Contract Tape
Most active contracts
ContractALLE261016C00155000
SideCall
Expiry16 Oct 2026
Strike155.00
Volume5
OI6
IV0.25
ContractALLE260918P00160000
SidePut
Expiry18 Sep 2026
Strike160.00
Volume2
OI63
IV0.01
ContractALLE260918C00155000
SideCall
Expiry18 Sep 2026
Strike155.00
Volume1
OI62
IV0.55
ContractALLE261218C00160000
SideCall
Expiry18 Dec 2026
Strike160.00
Volume-
OI3290
IV0.27
ContractALLE261218C00175000
SideCall
Expiry18 Dec 2026
Strike175.00
Volume-
OI2607
IV0.28
ContractALLE270319C00190000
SideCall
Expiry19 Mar 2027
Strike190.00
Volume-
OI1006
IV0.27
ContractALLE260918C00165000
SideCall
Expiry18 Sep 2026
Strike165.00
Volume-
OI533
IV0.55
ContractALLE261016C00160000
SideCall
Expiry16 Oct 2026
Strike160.00
Volume-
OI522
IV0.26
Research Graph
Related research and context
Sharemaestro research
Related News
No recent ticker-specific news yet.
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.