Primary read
Bullish
Call-side pressure
Ticker Options Intelligence
GIB options intelligence
CGI Inc options pressure, expected move, strike concentration, and Sharemaestro trend context.
Conviction
48
Market data through 12 Aug 2026
Checked 13 Aug 2026 11:40 · complete available chain
Call-side pressure
Bullish pressure
GIB currently carries bullish options pressure with a 48/100 conviction score. The nearest-chain expected move is 6.6%, with volume/open-interest participation at 0.00.
Expected move
6.6%
Wider near-term move priced
Activity / OI
0.00
Current volume is quieter versus prior open interest
Put-call
0.00
Call-side skew
Trend fit
0
Options are not fully confirming trend
Weekly backdrop
+2.2%
RS -17.3
Expected move
6.6%
Put-call volume
-
Volume / OI
0.00
Reference IV
0.30
Max pain
55.00
Underlying
74.74
Nearest expiry
21 Aug 2026
Contracts
158
Research Brief
GIB has a bullish chain read with 48/100 evidence alignment.
The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 69.79–79.69; The largest call open-interest concentration is 80.00; the largest put concentration is 45.00. The most active strike by current volume is 35.00.
Priced range69.79–79.69
Call concentration80.00
Put concentration45.00
Max pain reference55.00
- 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 69.79 to 79.69. Max pain at 55.00 lies outside the priced range, so it is a weak near-term anchor.
Spot
Max pain
69.7974.74 ± 4.9579.69
Confirmation level
A close beyond 79.69 or below 69.79 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 48/100
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.
Participation4 × 22%
+0.9
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.
Volatility47 × 10%
+4.7
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 80.00; the largest put concentration is 45.00. The most active strike by current volume is 35.00. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.
Put open interestStrikeCall open interest
0
35.00-53.2%
0
4
40.00-46.5%
0
23
45.00-39.8%
0
9
50.00-33.1%
26
14
55.00-26.4%
0
13
60.00-19.7%
5
6
65.00-13.0%
4
6
70.00-6.3%
9
0
75.000.3%
40
0
80.007.0%
70
0
85.0013.7%
5
0
90.0020.4%
10
0
95.0027.1%
9
0
100.0033.8%
6
0
105.0040.5%
5
0
110.0047.2%
23
0
115.0053.9%
0
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+$93,091Delta change / 1% move
Positive peak75.00+$63,892
Negative peak70.00-$600
Nearest balance70.05Interpolated sign change
StrikeNegativePositiveNet / 1% move
35.00-53.2%
-$1
40.00-46.5%
-$17
45.00-39.8%
-$66
50.00-33.1%
-$122
55.00-26.4%
-$464
60.00-19.7%
-$54
65.00-13.0%
-$113
70.00-6.3%
-$600
75.000.3%
+$63,892
80.007.0%
+$18,990
85.0013.7%
+$8,762
90.0020.4%
+$2,243
95.0027.1%
+$180
100.0033.8%
+$180
105.0040.5%
+$145
110.0047.2%
+$137
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
Balanced volatility curve
Near- and longer-dated implied volatility are broadly aligned; no exceptional front-expiry premium is visible.
0.30
21 Aug
9d
0.21
18 Sep
37d
0.21
16 Oct
65d
0.32
20 Nov
100d
0.27
19 Feb
191d
Volatility by Strike
Downside protection premium
Out-of-the-money puts carry higher implied volatility than comparable calls, indicating richer downside protection.
60
65
70
75
80
85
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
- Auditable calculationoriginal version retained
- Independent entryone read per market session
- Point-in-time referencerequired at entry
- Matched expiry closereported only after maturity
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
- 12 Aug 2026
- Calculation
- v2.0
- Contracts
- 158 / 158
- 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
Directional flow, confirmation needed
There is useful activity, but aggregate chain data does not isolate participant intent.
Options pressure and weekly price action are pointing in the same constructive direction.
Directional flow, confirmation needed matters because it connects the options headline to the actual evidence: $4,970 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+2.2%
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
0.00
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.
Calls · 91+ days · ITM
calls cluster with 2 contracts traded, $4,970 estimated gross traded notional, and 100% of visible notional.
$4,970
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.
Activity Anomaly
Quiet tape
Activity is muted versus this ticker's stored history.
Baseline: 11 completed sessions
Volume rank27th
Volume/OI rank18th
IV rank9th
Market Context
Underlying confirmation
Close74.74
1W+2.2%
RS-17.3
Fair value-23.0%
Options pressure100
Speculation4
Volatility47
Trend fit0
Today Versus Normal
Stored-options context
30d avg 7.9% · 11 sessions
45th
90d avg - · 11/30 sessions
-
180d avg - · 11/60 sessions
-
30d avg 0.34 · 11 sessions
9th
90d avg - · 11/30 sessions
-
180d avg - · 11/60 sessions
-
30d avg - · 9/10 sessions
-
90d avg - · 9/30 sessions
-
180d avg - · 9/60 sessions
-
30d avg 0.03 · 11 sessions
18th
90d avg - · 11/30 sessions
-
180d avg - · 11/60 sessions
-
Pressure Trail
Recent pressure and volatility
29 Jul 10:22
Bullish
Pressure 100
Move 7.8%
30 Jul 10:19
Volatility
Pressure 100
Move 18.7%
31 Jul 10:10
Bullish
Pressure 70
Move 14.2%
2 Aug 02:28
Bearish
Pressure -90
Move 7.1%
4 Aug 02:29
Bearish
Pressure -84
Move 6.8%
5 Aug 10:09
Bullish
Pressure 100
Move 6.6%
6 Aug 10:10
Bearish
Pressure -90
Move 5.9%
7 Aug 10:45
Bullish
Pressure 82
Move 6.2%
Strike Map
Where activity is clustering
Strike35.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike40.00
Calls · V 0 · OI 0
Puts · V 0 · OI 4
Strike45.00
Calls · V 0 · OI 0
Puts · V 0 · OI 23
Strike50.00
Calls · V 0 · OI 26
Puts · V 0 · OI 9
Strike55.00
Calls · V 0 · OI 0
Puts · V 0 · OI 14
Strike60.00
Calls · V 0 · OI 5
Puts · V 0 · OI 13
Strike65.00
Calls · V 0 · OI 4
Puts · V 0 · OI 6
Strike70.00
Calls · V 0 · OI 9
Puts · V 0 · OI 6
Term Structure
Expiration activity
Expiry21 Aug 2026
Contracts40
Avg IV0.30
Put-call-
Expiry18 Sep 2026
Contracts26
Avg IV0.21
Put-call-
Expiry16 Oct 2026
Contracts28
Avg IV0.21
Put-call-
Expiry20 Nov 2026
Contracts32
Avg IV0.32
Put-call-
Expiry19 Feb 2027
Contracts32
Avg IV0.27
Put-call-
Skew
Call/put IV balance
21 Aug 2026Call IV premium
Call IV0.63
Put IV0.16
Skew-0.47
18 Sep 2026Call IV premium
Call IV0.31
Put IV0.08
Skew-0.22
16 Oct 2026Balanced skew
Call IV0.07
Put IV0.06
Skew-0.01
20 Nov 2026Put IV premium
Call IV0.30
Put IV0.42
Skew0.13
19 Feb 2027Call IV premium
Call IV0.38
Put IV0.31
Skew-0.07
Contract Tape
Most active contracts
ContractGIB261120C00050000
SideCall
Expiry20 Nov 2026
Strike50.00
Volume2
OI4
IV0.49
ContractGIB261120C00075000
SideCall
Expiry20 Nov 2026
Strike75.00
Volume-
OI219
IV0.28
ContractGIB261120C00085000
SideCall
Expiry20 Nov 2026
Strike85.00
Volume-
OI133
IV0.10
ContractGIB260821C00080000
SideCall
Expiry21 Aug 2026
Strike80.00
Volume-
OI70
IV0.22
ContractGIB270219C00080000
SideCall
Expiry19 Feb 2027
Strike80.00
Volume-
OI61
IV0.29
ContractGIB261120C00090000
SideCall
Expiry20 Nov 2026
Strike90.00
Volume-
OI43
IV0.14
ContractGIB270219C00075000
SideCall
Expiry19 Feb 2027
Strike75.00
Volume-
OI42
IV0.34
ContractGIB260821C00075000
SideCall
Expiry21 Aug 2026
Strike75.00
Volume-
OI40
IV0.63
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
No upcoming matched earnings event.
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.