Ticker Options Intelligence

BKR options intelligence

Baker Hughes Co options pressure, expected move, strike concentration, and Sharemaestro trend context.

Conviction 31 Market data through 30 Jul 2026 Checked 31 Jul 2026 11:02 · complete available chain

Options-market disagreement

Mixed pressure

BKR currently carries mixed options pressure with a 31/100 conviction score. The nearest-chain expected move is 10.6%, with volume/open-interest participation at 0.02.

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

Options-market disagreement

Expected move 10.6%

Wider near-term move priced

Activity / OI 0.02

Current volume is quieter versus prior open interest

Put-call 0.78

Balanced tape

Trend fit 49

Options are not fully confirming trend

Weekly backdrop +5.7%

RS 2.6

Expected move 10.6%
Put-call volume 0.78
Volume / OI 0.02
Reference IV 0.40
Max pain 60.00
Underlying 57.25
Nearest expiry 21 Aug 2026
Contracts 288

Research Brief

BKR has a mixed chain read with 31/100 evidence alignment.

The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 51.18–63.32; The largest call open-interest concentration is 60.00; the largest put concentration is 60.00. The most active strike by current volume is 60.00.

Priced range51.18–63.32
Call concentration60.00
Put concentration60.00
Max pain reference60.00
What would confirm it
  • A clear directional pressure reading develops and price begins to agree.
What would weaken it
  • Volatility falls and the chain remains directionally mixed.
  • Options and the weekly trend are not yet giving the same message.

Priced Move

Where the chain says movement becomes exceptional

Size, not direction · through 21 Aug

Options imply 51.18 to 63.32. Max pain at 60.00 sits inside that range, 4.8% above spot.

Spot Max pain
51.1857.25 ± 6.0763.32
Confirmation level

A close beyond 63.32 or below 51.18 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 31/100

Evidence alignment, not probability

Pressure is 15/100 toward calls; conviction uses its strength, while the signal label carries its direction.

Directional pressure15 × 42%
+6.3

How strongly activity leans toward calls or puts.

Participation22 × 22%
+4.8

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

Trend agreement49 × 26%
+12.6

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

Volatility68 × 10%
+6.8

The intensity of implied volatility and the priced move.

Reconstructed score30.5Matches stored calculation

Positioning by Strike

Where open interest and current activity concentrate

Full strike map

The largest call open-interest concentration is 60.00; the largest put concentration is 60.00. The most active strike by current volume is 60.00. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.

Put open interestStrikeCall open interest
0
35.00-38.9%
1
79
40.00-30.1%
1
91
45.00-21.4%
6
599
50.00-12.7%
22
4010
55.00-3.9%
679
5543
60.004.8%
4942
16
65.0013.5%
4782
67
70.0022.3%
135
0
75.0031.0%
34
0
80.0039.7%
11
0
85.0048.5%
3
0
90.0057.2%
0
Nearest spot strike Max pain strikeBars show relative OI within this expiry

Volatility Curve

Balanced volatility curve

1.04× front/back

Near- and longer-dated implied volatility are broadly aligned; no exceptional front-expiry premium is visible.

0.40 21 Aug 22d
0.36 18 Sep 50d
0.37 16 Oct 78d
0.37 18 Dec 141d
0.36 15 Jan 169d
0.38 19 Mar 232d
0.38 17 Jun 322d
0.38 21 Jan 540d

Volatility by Strike

Downside protection premium

Nearest expiry, within 20% of spot

Out-of-the-money puts carry higher implied volatility than comparable calls, indicating richer downside protection.

50
55
60
65
Put IV Call IV

Historical Replay

How matured reads behaved through expiry

0 directional observations

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

C69/100
Retained chain100%
Implied volatility100%
Two-sided quotes100%
Open interest100%
Chain status
Complete available chain
Market date
30 Jul 2026
Calculation
v2.0
Contracts
288 / 288
  • 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

70/100
Primary intent Multi-expiry position-maintenance candidate

Activity is spread across expirations with heavier open interest than current volume, which can be consistent with position maintenance.

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

Multi-expiry position-maintenance candidate matters because it connects the options headline to the actual evidence: $479705 of estimated gross traded notional, calls · 91+ days · otm, 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+15
1W price+5.7%
Call premium69%
Put premium31%
Notional split C 69% / P 31% 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 49/100 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.
Conviction clusters Calls · 91+ days · OTM
Calls · 91+ days · OTM calls cluster with 168 contracts traded, $86555 estimated gross traded notional, and 18% of visible notional.
$86555
Calls · 46-90 days · ITM calls cluster with 72 contracts traded, $63760 estimated gross traded notional, and 13% of visible notional.
$63760
Calls · 91+ days · ITM calls cluster with 51 contracts traded, $56015 estimated gross traded notional, and 12% of visible notional.
$56015
Calls · 8-21 days · OTM calls cluster with 279 contracts traded, $50992 estimated gross traded notional, and 11% of visible notional.
$50992
Puts · 91+ days · OTM puts cluster with 257 contracts traded, $47058 estimated gross traded notional, and 10% of visible notional.
$47058

Setup Classification

Opportunity and risk frame

Context, not advice
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

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

Sharemaestro weekly
Close60.49
1W+5.7%
RS2.6
Fair value+45.2%
Options pressure15
Speculation22
Volatility68
Trend fit49

Today Versus Normal

Stored-options context

View history
Expected move 10.6% history building
30d avg - · 2/10 sessions -
90d avg - · 2/30 sessions -
180d avg - · 2/60 sessions -
IV 0.40 history building
30d avg - · 2/10 sessions -
90d avg - · 2/30 sessions -
180d avg - · 2/60 sessions -
Put-call 0.78 history building
30d avg - · 2/10 sessions -
90d avg - · 2/30 sessions -
180d avg - · 2/60 sessions -
Volume/OI 0.02 history building
30d avg - · 2/10 sessions -
90d avg - · 2/30 sessions -
180d avg - · 2/60 sessions -

Pressure Trail

Recent pressure and volatility

Open trail
29 Jul 10:06 Bullish
Pressure 76
Move 9.2%
30 Jul 10:04 Bullish
Pressure 67
Move 9.1%
31 Jul 10:02 Mixed
Pressure 15
Move 10.6%

Strike Map

Where activity is clustering

Full strike map
Strike35.00
Calls · V 2 · OI 1
Puts · V 0 · OI 0
Strike40.00
Calls · V 0 · OI 1
Puts · V 0 · OI 79
Strike45.00
Calls · V 0 · OI 6
Puts · V 0 · OI 91
Strike50.00
Calls · V 0 · OI 22
Puts · V 2 · OI 599
Strike55.00
Calls · V 46 · OI 679
Puts · V 56 · OI 4010
Strike60.00
Calls · V 256 · OI 4942
Puts · V 31 · OI 5543
Strike65.00
Calls · V 21 · OI 4782
Puts · V 0 · OI 16
Strike70.00
Calls · V 1 · OI 135
Puts · V 0 · OI 67

Term Structure

Expiration activity

Volume and IV
Expiry21 Aug 2026
Contracts24
Avg IV0.40
Put-call0.27
Expiry18 Sep 2026
Contracts46
Avg IV0.36
Put-call1.48
Expiry16 Oct 2026
Contracts28
Avg IV0.37
Put-call0.07
Expiry18 Dec 2026
Contracts46
Avg IV0.37
Put-call0.87
Expiry15 Jan 2027
Contracts46
Avg IV0.36
Put-call2.47

Skew

Call/put IV balance

OTM demand
21 Aug 2026Balanced skew
Call IV0.35
Put IV0.39
Skew0.04
18 Sep 2026Balanced skew
Call IV0.35
Put IV0.37
Skew0.02
16 Oct 2026Balanced skew
Call IV0.35
Put IV0.37
Skew0.02
18 Dec 2026Balanced skew
Call IV0.35
Put IV0.38
Skew0.03
15 Jan 2027Balanced skew
Call IV0.36
Put IV0.38
Skew0.02

Contract Tape

Most active contracts

Full contract tape
ContractBKR260821C00060000
SideCall
Expiry21 Aug 2026
Strike60.00
Volume256
OI4942
IV0.33
ContractBKR270115P00050000
SidePut
Expiry15 Jan 2027
Strike50.00
Volume234
OI151
IV0.39
ContractBKR260918P00060000
SidePut
Expiry18 Sep 2026
Strike60.00
Volume133
OI1452
IV0.36
ContractBKR261218C00060000
SideCall
Expiry18 Dec 2026
Strike60.00
Volume84
OI2096
IV0.36
ContractBKR261218P00060000
SidePut
Expiry18 Dec 2026
Strike60.00
Volume81
OI55
IV0.37
ContractBKR260918C00070000
SideCall
Expiry18 Sep 2026
Strike70.00
Volume79
OI4824
IV0.35
ContractBKR260918P00055000
SidePut
Expiry18 Sep 2026
Strike55.00
Volume67
OI282
IV0.37
ContractBKR260821P00055000
SidePut
Expiry21 Aug 2026
Strike55.00
Volume56
OI4010
IV0.39