Primary read
Bullish
Call-side pressure
Ticker Options Intelligence
FRT options intelligence
Federal Realty Investment Trust options pressure, expected move, strike concentration, and Sharemaestro trend context.
Conviction
46
Market data through 30 Jul 2026
Checked 31 Jul 2026 13:59 · complete available chain
Call-side pressure
Bullish pressure
FRT currently carries bullish options pressure with a 46/100 conviction score. The nearest-chain expected move is 4.2%, with volume/open-interest participation at 0.01.
Expected move
4.2%
Near-term move context
Activity / OI
0.01
Current volume is quieter versus prior open interest
Put-call
0.01
Call-side skew
Trend fit
0
Options are not fully confirming trend
Weekly backdrop
-1.6%
RS 8.5
Expected move
4.2%
Put-call volume
0.01
Volume / OI
0.01
Reference IV
0.20
Max pain
110.00
Underlying
126.08
Nearest expiry
21 Aug 2026
Contracts
176
Research Brief
FRT has a bullish chain read with 46/100 evidence alignment.
The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 120.76–131.40; The largest call open-interest concentration is 115.00; the largest put concentration is 105.00. The most active strike by current volume is 125.00.
Priced range120.76–131.40
Call concentration115.00
Put concentration105.00
Max pain reference110.00
- 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 120.76 to 131.40. Max pain at 110.00 lies outside the priced range, so it is a weak near-term anchor.
Spot
Max pain
120.76126.08 ± 5.32131.40
Confirmation level
A close beyond 131.40 or below 120.76 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 46/100
Pressure is 100/100 toward calls; conviction uses its strength, while the signal label carries its direction.
Directional pressure100 × 42%
+42.0
How strongly activity leans toward calls or puts.
Participation5 × 22%
+1.2
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.
Volatility31 × 10%
+3.1
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 115.00; the largest put concentration is 105.00. The most active strike by current volume is 125.00. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.
Put open interestStrikeCall open interest
0
55.00-56.4%
0
1
60.00-52.4%
0
0
65.00-48.4%
0
0
70.00-44.5%
0
54
75.00-40.5%
0
60
80.00-36.5%
0
13
85.00-32.6%
0
44
90.00-28.6%
0
5
95.00-24.7%
0
29
100.00-20.7%
0
808
105.00-16.7%
8
3
110.00-12.8%
61
5
115.00-8.8%
1023
18
120.00-4.8%
96
3
125.00-0.9%
690
0
130.003.1%
68
0
135.007.1%
478
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.
0.20
21 Aug
22d
0.17
18 Sep
50d
0.22
20 Nov
113d
0.21
19 Feb
204d
Volatility by Strike
Downside protection premium
Out-of-the-money puts carry higher implied volatility than comparable calls, indicating richer downside protection.
105
110
115
120
125
130
135
140
145
150
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
- 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
Multi-expiry position-maintenance candidate
Activity is spread across expirations with heavier open interest than current volume, which can be consistent with position maintenance.
Options are leaning call-side while the stock is down on the week, a divergence that needs price confirmation.
Multi-expiry position-maintenance candidate matters because it connects the options headline to the actual evidence: $36098 of estimated gross traded notional, calls · 91+ days · atm, and a bullish flow against weak price backdrop. Use it as a research priority signal, then validate the chart, liquidity, event calendar, and risk before acting.
Options pressure+100
1W price-1.6%
Call premium99%
Put premium1%
Notional split
C 99% / P 1%
Estimated gross traded notional uses volume × contract multiplier × midpoint, or last price when no valid midpoint is available.
Freshness
0.01
Volume divided by open interest across the visible chain.
Trend fit
0/100
Agreement between options pressure and Sharemaestro market context.
Event window
5 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.
Roll detection is conservative because opening and closing legs are not directly observable in this snapshot.
Calls · 91+ days · ATM
calls cluster with 25 contracts traded, $14250 estimated gross traded notional, and 39% of visible notional.
$14250
Calls · 91+ days · ITM
calls cluster with 10 contracts traded, $12200 estimated gross traded notional, and 34% of visible notional.
$12200
Calls · 91+ days · OTM
calls cluster with 20 contracts traded, $7100 estimated gross traded notional, and 20% of visible notional.
$7100
Calls · 8-21 days · ATM
calls cluster with 9 contracts traded, $2025 estimated gross traded notional, and 6% of visible notional.
$2025
Puts · 91+ days · OTM
puts cluster with 1 contracts traded, $262 estimated gross traded notional, and 1% of visible notional.
$262
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.
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
Close124.09
1W-1.6%
RS8.5
Fair value+26.5%
Options pressure100
Speculation5
Volatility31
Trend fit0
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 10:27
Bullish
Pressure 98
Move 4.8%
30 Jul 10:23
Bearish
Pressure -49
Move 4.4%
31 Jul 12:59
Bullish
Pressure 100
Move 4.2%
Strike Map
Where activity is clustering
Strike55.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike60.00
Calls · V 0 · OI 0
Puts · V 0 · OI 1
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 54
Strike80.00
Calls · V 0 · OI 0
Puts · V 0 · OI 60
Strike85.00
Calls · V 0 · OI 0
Puts · V 0 · OI 13
Strike90.00
Calls · V 0 · OI 0
Puts · V 0 · OI 44
Term Structure
Expiration activity
Expiry21 Aug 2026
Contracts40
Avg IV0.20
Put-call-
Expiry18 Sep 2026
Contracts46
Avg IV0.17
Put-call-
Expiry20 Nov 2026
Contracts44
Avg IV0.22
Put-call-
Expiry19 Feb 2027
Contracts46
Avg IV0.21
Put-call-
Skew
Call/put IV balance
21 Aug 2026Put IV premium
Call IV0.25
Put IV0.63
Skew0.38
18 Sep 2026Call IV premium
Call IV0.21
Put IV0.04
Skew-0.17
20 Nov 2026Put IV premium
Call IV0.19
Put IV0.26
Skew0.07
19 Feb 2027Put IV premium
Call IV0.18
Put IV0.25
Skew0.07
Contract Tape
Most active contracts
ContractFRT261120C00125000
SideCall
Expiry20 Nov 2026
Strike125.00
Volume25
OI39
IV0.20
ContractFRT261120C00130000
SideCall
Expiry20 Nov 2026
Strike130.00
Volume20
OI74
IV0.20
ContractFRT261120C00115000
SideCall
Expiry20 Nov 2026
Strike115.00
Volume10
OI29
IV0.21
ContractFRT260821C00125000
SideCall
Expiry21 Aug 2026
Strike125.00
Volume9
OI690
IV0.21
ContractFRT260821C00135000
SideCall
Expiry21 Aug 2026
Strike135.00
Volume8
OI478
IV0.25
ContractFRT270219P00105000
SidePut
Expiry19 Feb 2027
Strike105.00
Volume1
OI3
IV0.29
ContractFRT260821C00115000
SideCall
Expiry21 Aug 2026
Strike115.00
Volume-
OI1023
IV0.35
ContractFRT260918C00130000
SideCall
Expiry18 Sep 2026
Strike130.00
Volume-
OI905
IV0.21
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.