Ticker Options Intelligence

BLCO options intelligence

Bausch + Lomb Corp options pressure, expected move, strike concentration, and Sharemaestro trend context.

Conviction 53 Market data through 30 Jul 2026 Checked 31 Jul 2026 14:28 · complete available chain

Call-side pressure

Bullish pressure

BLCO currently carries bullish options pressure with a 53/100 conviction score. The nearest-chain expected move is 9.2%, with volume/open-interest participation at 0.03.

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

Call-side pressure

Expected move 9.2%

Wider near-term move priced

Activity / OI 0.03

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 +4.6%

RS -3.0

Expected move 9.2%
Put-call volume 0.01
Volume / OI 0.03
Reference IV 0.38
Max pain 14.00
Underlying 16.17
Nearest expiry 21 Aug 2026
Contracts 188

Research Brief

BLCO has a bullish chain read with 53/100 evidence alignment.

The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 14.68–17.66; The largest call open-interest concentration is 19.00; the largest put concentration is 16.00. The most active strike by current volume is 16.00.

Priced range14.68–17.66
Call concentration19.00
Put concentration16.00
Max pain reference14.00
What would confirm it
  • Price holds or improves while call-side concentration remains elevated.
What would weaken it
  • 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

Size, not direction · through 21 Aug

Options imply 14.68 to 17.66. Max pain at 14.00 lies outside the priced range, so it is a weak near-term anchor.

Spot Max pain
14.6816.17 ± 1.4917.66
Confirmation level

A close beyond 17.66 or below 14.68 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 53/100

Evidence alignment, not probability

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.

Participation22 × 22%
+4.9

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.

Volatility63 × 10%
+6.3

The intensity of implied volatility and the priced move.

Reconstructed score53.2Matches stored calculation

Positioning by Strike

Where open interest and current activity concentrate

Full strike map

The largest call open-interest concentration is 19.00; the largest put concentration is 16.00. The most active strike by current volume is 16.00. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.

Put open interestStrikeCall open interest
0
9.00-44.3%
0
0
10.00-38.2%
0
0
11.00-32.0%
0
10
12.00-25.8%
14
10
13.00-19.6%
190
3
14.00-13.4%
125
74
15.00-7.2%
25
180
16.00-1.1%
173
0
17.005.1%
409
0
18.0011.3%
122
0
19.0017.5%
779
0
20.0023.7%
106
0
21.0029.9%
1
0
22.0036.1%
0
0
23.0042.2%
0
0
24.0048.4%
0
0
25.0054.6%
0
Nearest spot strike Max pain strikeBars show relative OI within this expiry

Volatility Curve

Front-loaded volatility

1.21× front/back

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

0.38 21 Aug 22d
0.35 18 Sep 50d
0.49 20 Nov 113d
0.36 18 Dec 141d
0.38 19 Feb 204d
0.31 17 Dec 505d

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.

13
14
15
16
17
18
19
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
188 / 188
  • 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

67/100
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 Bullish flow confirms price

Options pressure and weekly price action are pointing in the same constructive direction.

Why this matters

Multi-expiry position-maintenance candidate matters because it connects the options headline to the actual evidence: $27725 of estimated gross traded notional, calls · 91+ 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+100
1W price+4.6%
Call premium100%
Put premium0%
Notional split C 100% / P 0% Estimated gross traded notional uses volume × contract multiplier × midpoint, or last price when no valid midpoint is available.
Freshness 0.03 Volume divided by open interest across the visible chain.
Trend fit 0/100 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 · ITM
Calls · 91+ days · ITM calls cluster with 23 contracts traded, $17460 estimated gross traded notional, and 63% of visible notional.
$17460
Calls · 8-21 days · ATM calls cluster with 48 contracts traded, $6480 estimated gross traded notional, and 23% of visible notional.
$6480
Calls · 91+ days · OTM calls cluster with 22 contracts traded, $1730 estimated gross traded notional, and 6% of visible notional.
$1730
Calls · 46-90 days · OTM calls cluster with 16 contracts traded, $1120 estimated gross traded notional, and 4% of visible notional.
$1120
Calls · 8-21 days · OTM calls cluster with 14 contracts traded, $910 estimated gross traded notional, and 3% of visible notional.
$910

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.

Negative Options disagreement

Options positioning is not confirming the underlying trend context.

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
Close16.91
1W+4.6%
RS-3.0
Fair value+6.1%
Options pressure100
Speculation22
Volatility63
Trend fit0

Today Versus Normal

Stored-options context

View history
Expected move 9.2% history building
30d avg - · 2/10 sessions -
90d avg - · 2/30 sessions -
180d avg - · 2/60 sessions -
IV 0.38 history building
30d avg - · 2/10 sessions -
90d avg - · 2/30 sessions -
180d avg - · 2/60 sessions -
Put-call 0.01 history building
30d avg - · 2/10 sessions -
90d avg - · 2/30 sessions -
180d avg - · 2/60 sessions -
Volume/OI 0.03 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 10:37 Volatility
Pressure 100
Move 11.8%
30 Jul 10:34 Bullish
Pressure 100
Move 11.0%
31 Jul 13:28 Bullish
Pressure 100
Move 9.2%

Strike Map

Where activity is clustering

Full strike map
Strike9.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike10.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike11.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike12.00
Calls · V 0 · OI 14
Puts · V 0 · OI 10
Strike13.00
Calls · V 0 · OI 190
Puts · V 0 · OI 10
Strike14.00
Calls · V 0 · OI 125
Puts · V 0 · OI 3
Strike15.00
Calls · V 0 · OI 25
Puts · V 0 · OI 74
Strike16.00
Calls · V 48 · OI 173
Puts · V 0 · OI 180

Term Structure

Expiration activity

Volume and IV
Expiry21 Aug 2026
Contracts36
Avg IV0.38
Put-call-
Expiry18 Sep 2026
Contracts38
Avg IV0.35
Put-call-
Expiry20 Nov 2026
Contracts36
Avg IV0.49
Put-call-
Expiry18 Dec 2026
Contracts24
Avg IV0.36
Put-call0.02
Expiry19 Feb 2027
Contracts38
Avg IV0.38
Put-call-

Skew

Call/put IV balance

OTM demand
21 Aug 2026Balanced skew
Call IV0.13
Put IV0.14
Skew0.01
18 Sep 2026Call IV premium
Call IV0.42
Put IV0.10
Skew-0.32
20 Nov 2026Put IV premium
Call IV0.42
Put IV0.94
Skew0.52
18 Dec 2026Call IV premium
Call IV0.64
Put IV0.42
Skew-0.21
19 Feb 2027Put IV premium
Call IV0.40
Put IV0.55
Skew0.16

Contract Tape

Most active contracts

Full contract tape
ContractBLCO260821C00016000
SideCall
Expiry21 Aug 2026
Strike16.00
Volume48
OI173
IV0.45
ContractBLCO260918C00018000
SideCall
Expiry18 Sep 2026
Strike18.00
Volume16
OI6
IV0.42
ContractBLCO260821C00017000
SideCall
Expiry21 Aug 2026
Strike17.00
Volume14
OI409
IV0.39
ContractBLCO261218C00008000
SideCall
Expiry18 Dec 2026
Strike8.00
Volume12
OI218
IV0.01
ContractBLCO261218C00010000
SideCall
Expiry18 Dec 2026
Strike10.00
Volume10
OI163
IV0.01
ContractBLCO261218C00025000
SideCall
Expiry18 Dec 2026
Strike25.00
Volume9
OI-
IV0.53
ContractBLCO261218C00017000
SideCall
Expiry18 Dec 2026
Strike17.00
Volume5
OI63
IV0.34
ContractBLCO261218C00027000
SideCall
Expiry18 Dec 2026
Strike27.00
Volume3
OI2
IV0.64