Primary read
Bullish
Call-side pressure
Ticker Options Intelligence
CBRE options intelligence
CBRE Group Inc Class A options pressure, expected move, strike concentration, and Sharemaestro trend context.
Conviction
38
Market data through 30 Jul 2026
Checked 31 Jul 2026 11:04 · complete available chain
Call-side pressure
Bullish pressure
CBRE currently carries bullish options pressure with a 38/100 conviction score. The nearest-chain expected move is 9.8%, with volume/open-interest participation at 0.06.
Expected move
9.8%
Wider near-term move priced
Activity / OI
0.06
Current volume is quieter versus prior open interest
Put-call
0.48
Call-side skew
Trend fit
17
Options are not fully confirming trend
Weekly backdrop
+5.3%
RS -10.5
Expected move
9.8%
Put-call volume
0.48
Volume / OI
0.06
Reference IV
0.39
Max pain
140.00
Underlying
139.46
Nearest expiry
21 Aug 2026
Contracts
304
Research Brief
CBRE 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 125.74–153.18; The largest call open-interest concentration is 145.00; the largest put concentration is 120.00. The most active strike by current volume is 145.00.
Priced range125.74–153.18
Call concentration145.00
Put concentration120.00
Max pain reference140.00
- 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 125.74 to 153.18. Max pain at 140.00 sits inside that range, 0.4% above spot.
Spot
Max pain
125.74139.46 ± 13.72153.18
Confirmation level
A close beyond 153.18 or below 125.74 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 38/100
Pressure is 42/100 toward calls; conviction uses its strength, while the signal label carries its direction.
Directional pressure42 × 42%
+17.6
How strongly activity leans toward calls or puts.
Participation41 × 22%
+9.1
Volume relative to existing open interest and contract-level activity.
Trend agreement17 × 26%
+4.5
How closely the chain read agrees with the underlying trend backdrop.
Volatility67 × 10%
+6.7
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 145.00; the largest put concentration is 120.00. The most active strike by current volume is 145.00. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.
Put open interestStrikeCall open interest
11
100.00-28.3%
0
11
105.00-24.7%
5
26
110.00-21.1%
0
57
115.00-17.5%
0
570
120.00-14.0%
17
187
125.00-10.4%
7
104
130.00-6.8%
154
88
135.00-3.2%
257
123
140.000.4%
633
336
145.004.0%
951
14
150.007.6%
683
170
155.0011.1%
37
0
160.0014.7%
45
0
165.0018.3%
50
0
170.0021.9%
38
0
175.0025.5%
15
0
185.0032.7%
41
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.
0.39
21 Aug
22d
0.36
18 Sep
50d
0.38
18 Dec
141d
0.37
15 Jan
169d
0.38
19 Mar
232d
Volatility by Strike
Balanced wings
Comparable upside calls and downside puts carry broadly similar implied volatility.
115
120
125
130
135
140
145
150
155
160
165
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
Usable with limits
Retained chain100%
Implied volatility100%
Two-sided quotes100%
Open interest100%
- Chain status
- Complete available chain
- Market date
- 30 Jul 2026
- Calculation
- v2.0
- Contracts
- 304 / 304
- 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
Earnings/event positioning
Options activity is concentrated around a live event window, so the cleanest read is event positioning rather than pure direction.
Options pressure and weekly price action are pointing in the same constructive direction.
Earnings/event positioning matters because it connects the options headline to the actual evidence: $1.3M of estimated gross traded notional, calls · 46-90 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+42
1W price+5.3%
Call premium62%
Put premium38%
Notional split
C 62% / P 38%
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
17/100
Agreement between options pressure and Sharemaestro market context.
Event window
4 Aug
Matched earnings event is 2 days away.
Aggregate chain data does not identify trade aggressor or opening versus closing activity; call/put concentration is not proof of market direction.
Calls · 46-90 days · ITM
calls cluster with 206 contracts traded, $453680 estimated gross traded notional, and 35% of visible notional.
$453680
Puts · 46-90 days · ITM
puts cluster with 212 contracts traded, $430925 estimated gross traded notional, and 33% of visible notional.
$430925
Calls · 46-90 days · OTM
calls cluster with 646 contracts traded, $137740 estimated gross traded notional, and 11% of visible notional.
$137740
Calls · 91+ days · OTM
calls cluster with 39 contracts traded, $64615 estimated gross traded notional, and 5% of visible notional.
$64615
Calls · 8-21 days · OTM
calls cluster with 126 contracts traded, $57728 estimated gross traded notional, and 4% of visible notional.
$57728
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
Close146.81
1W+5.3%
RS-10.5
Fair value+20.1%
Options pressure42
Speculation41
Volatility67
Trend fit17
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 10:12
Bullish
Pressure 52
Move 11.0%
30 Jul 10:07
Bullish
Pressure 90
Move 8.7%
31 Jul 10:04
Bullish
Pressure 42
Move 9.8%
Strike Map
Where activity is clustering
Strike65.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike70.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike75.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike80.00
Calls · V 0 · OI 0
Puts · V 0 · OI 1
Strike85.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike90.00
Calls · V 0 · OI 2
Puts · V 0 · OI 4
Strike95.00
Calls · V 0 · OI 0
Puts · V 0 · OI 3
Strike100.00
Calls · V 0 · OI 0
Puts · V 0 · OI 11
Term Structure
Expiration activity
Expiry21 Aug 2026
Contracts56
Avg IV0.39
Put-call0.43
Expiry18 Sep 2026
Contracts66
Avg IV0.36
Put-call0.37
Expiry18 Dec 2026
Contracts58
Avg IV0.38
Put-call4.36
Expiry15 Jan 2027
Contracts68
Avg IV0.37
Put-call6.33
Expiry19 Mar 2027
Contracts56
Avg IV0.38
Put-call0.05
Skew
Call/put IV balance
21 Aug 2026Balanced skew
Call IV0.37
Put IV0.38
Skew0.01
18 Sep 2026Balanced skew
Call IV0.35
Put IV0.36
Skew0.01
18 Dec 2026Balanced skew
Call IV0.35
Put IV0.38
Skew0.03
15 Jan 2027Balanced skew
Call IV0.36
Put IV0.36
Skew-
19 Mar 2027Balanced skew
Call IV0.36
Put IV0.36
Skew-
Contract Tape
Most active contracts
ContractCBRE260918C00170000
SideCall
Expiry18 Sep 2026
Strike170.00
Volume587
OI866
IV0.33
ContractCBRE260918C00135000
SideCall
Expiry18 Sep 2026
Strike135.00
Volume106
OI60
IV0.39
ContractCBRE260918C00125000
SideCall
Expiry18 Sep 2026
Strike125.00
Volume100
OI165
IV0.43
ContractCBRE260918P00165000
SidePut
Expiry18 Sep 2026
Strike165.00
Volume100
OI1
IV0.31
ContractCBRE260918P00175000
SidePut
Expiry18 Sep 2026
Strike175.00
Volume100
OI-
IV0.34
ContractCBRE260918P00130000
SidePut
Expiry18 Sep 2026
Strike130.00
Volume82
OI1209
IV0.34
ContractCBRE270115P00080000
SidePut
Expiry15 Jan 2027
Strike80.00
Volume50
OI53
IV0.48
ContractCBRE261218P00120000
SidePut
Expiry18 Dec 2026
Strike120.00
Volume45
OI68
IV0.37
Research Graph
Related research and context
Sharemaestro research
Related News
No recent ticker-specific news yet.
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.