Ticker Options Intelligence

BHE options intelligence

Benchmark Electronics Inc options pressure, expected move, strike concentration, and Sharemaestro trend context.

Conviction 50 Market data through 31 Jul 2026 Checked 1 Aug 2026 06:15 · complete available chain

Call-side pressure

Bullish pressure

BHE currently carries bullish options pressure with a 50/100 conviction score. The nearest-chain expected move is 8.1%, with volume/open-interest participation at 0.01.

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

Call-side pressure

Expected move 8.1%

Wider near-term move priced

Activity / OI 0.01

Current volume is quieter versus prior open interest

Put-call 0.00

Call-side skew

Trend fit 6

Options are not fully confirming trend

Weekly backdrop -1.6%

RS 28.6

Expected move 8.1%
Put-call volume -
Volume / OI 0.01
Reference IV 0.42
Max pain 75.00
Underlying 81.10
Nearest expiry 21 Aug 2026
Contracts 204

Research Brief

BHE has a bullish chain read with 50/100 evidence alignment.

The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 74.50–87.70; The largest call open-interest concentration is 110.00; the largest put concentration is 70.00. The most active strike by current volume is 85.00.

Priced range74.50–87.70
Call concentration110.00
Put concentration70.00
Max pain reference75.00
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.

Priced Move

Where the chain says movement becomes exceptional

Size, not direction · through 21 Aug

Options imply 74.50 to 87.70. Max pain at 75.00 sits inside that range, 7.5% below spot.

Spot Max pain
74.5081.10 ± 6.6087.70
Confirmation level

A close beyond 87.70 or below 74.50 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 50/100

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.

Participation2 × 22%
+0.3

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

Trend agreement6 × 26%
+1.5

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

Volatility62 × 10%
+6.2

The intensity of implied volatility and the priced move.

Reconstructed score50.0Matches stored calculation

Positioning by Strike

Where open interest and current activity concentrate

Full strike map

The largest call open-interest concentration is 110.00; the largest put concentration is 70.00. The most active strike by current volume is 85.00. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.

Put open interestStrikeCall open interest
0
45.00-44.5%
0
1
60.00-26.0%
0
6
65.00-19.9%
0
13
70.00-13.7%
7
10
75.00-7.5%
28
9
80.00-1.4%
96
4
85.004.8%
183
2
90.0011.0%
132
0
95.0017.1%
49
0
100.0023.3%
132
0
105.0029.5%
120
0
110.0035.6%
240
0
115.0041.8%
13
0
120.0048.0%
60
0
125.0054.1%
15
0
130.0060.3%
158
0
135.0066.5%
198
Nearest spot strike Max pain strikeBars show relative OI within this expiry

Volatility Curve

Balanced volatility curve

0.94× front/back

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

0.42 21 Aug 21d
0.47 18 Sep 49d
0.45 16 Oct 77d
0.47 20 Nov 112d
0.45 15 Jan 168d

Volatility by Strike

Upside optionality premium

Nearest expiry, within 20% of spot

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

65
70
75
80
85
90
95
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

High

A100/100
Retained chain100%
Implied volatility100%
Two-sided quotes100%
Open interest100%
Chain status
Complete available chain
Market date
31 Jul 2026
Calculation
v2.0
Contracts
204 / 204
  • 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

61/100
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 against weak price

Options are leaning call-side while the stock is down on the week, a divergence that needs price confirmation.

Why this matters

Multi-expiry position-maintenance candidate matters because it connects the options headline to the actual evidence: $13642 of estimated gross traded notional, calls · 8-21 days · otm, 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 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 0.01 Volume divided by open interest across the visible chain.
Trend fit 6/100 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 · 8-21 days · OTM
Calls · 8-21 days · OTM calls cluster with 39 contracts traded, $6932 estimated gross traded notional, and 51% of visible notional.
$6932
Calls · 46-90 days · ATM calls cluster with 5 contracts traded, $3425 estimated gross traded notional, and 25% of visible notional.
$3425
Calls · 8-21 days · ITM calls cluster with 3 contracts traded, $2420 estimated gross traded notional, and 18% of visible notional.
$2420
Calls · 46-90 days · OTM calls cluster with 2 contracts traded, $865 estimated gross traded notional, and 6% of visible notional.
$865

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.

Warning Bullish pressure over fair value

Call pressure is building while the stock sits above Sharemaestro fair value.

Activity Anomaly

Warming up

-

3 of 10 completed market sessions are available. More session history is needed before activity can be compared with a reliable normal.

Baseline: 3 completed sessions

Volume rank-
Volume/OI rank-
IV rank-

Market Context

Underlying confirmation

Sharemaestro weekly
Close79.77
1W-1.6%
RS28.6
Fair value+86.8%
Options pressure100
Speculation2
Volatility62
Trend fit6

Today Versus Normal

Stored-options context

View history
Expected move 8.1% history building
30d avg - · 3/10 sessions -
90d avg - · 3/30 sessions -
180d avg - · 3/60 sessions -
IV 0.42 history building
30d avg - · 3/10 sessions -
90d avg - · 3/30 sessions -
180d avg - · 3/60 sessions -
Put-call 0.00 history building
30d avg - · 3/10 sessions -
90d avg - · 3/30 sessions -
180d avg - · 3/60 sessions -
Volume/OI 0.01 history building
30d avg - · 3/10 sessions -
90d avg - · 3/30 sessions -
180d avg - · 3/60 sessions -

Pressure Trail

Recent pressure and volatility

Open trail
29 Jul 10:54 Volatility
Pressure 88
Move 12.4%
30 Jul 10:44 Volatility
Pressure 100
Move 13.3%
31 Jul 13:08 Volatility
Pressure 61
Move 9.9%
1 Aug 05:15 Bullish
Pressure 100
Move 8.1%

Strike Map

Where activity is clustering

Full strike map
Strike45.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike50.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
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 6
Strike70.00
Calls · V 1 · OI 7
Puts · V 0 · OI 13
Strike75.00
Calls · V 2 · OI 28
Puts · V 0 · OI 10
Strike80.00
Calls · V 0 · OI 96
Puts · V 0 · OI 9

Term Structure

Expiration activity

Volume and IV
Expiry21 Aug 2026
Contracts38
Avg IV0.42
Put-call-
Expiry18 Sep 2026
Contracts40
Avg IV0.47
Put-call-
Expiry16 Oct 2026
Contracts46
Avg IV0.45
Put-call-
Expiry20 Nov 2026
Contracts40
Avg IV0.47
Put-call-
Expiry15 Jan 2027
Contracts40
Avg IV0.45
Put-call-

Skew

Call/put IV balance

OTM demand
21 Aug 2026Call IV premium
Call IV0.94
Put IV0.56
Skew-0.38
18 Sep 2026Balanced skew
Call IV0.62
Put IV0.58
Skew-0.04
16 Oct 2026Call IV premium
Call IV0.56
Put IV0.46
Skew-0.10
20 Nov 2026Balanced skew
Call IV0.46
Put IV0.48
Skew0.02
15 Jan 2027Balanced skew
Call IV0.44
Put IV0.46
Skew0.02

Contract Tape

Most active contracts

Full contract tape
ContractBHE260821C00085000
SideCall
Expiry21 Aug 2026
Strike85.00
Volume29
OI183
IV0.50
ContractBHE260821C00090000
SideCall
Expiry21 Aug 2026
Strike90.00
Volume10
OI132
IV0.20
ContractBHE261016C00080000
SideCall
Expiry16 Oct 2026
Strike80.00
Volume5
OI227
IV0.45
ContractBHE260821C00075000
SideCall
Expiry21 Aug 2026
Strike75.00
Volume2
OI28
IV0.49
ContractBHE261016C00085000
SideCall
Expiry16 Oct 2026
Strike85.00
Volume1
OI23
IV0.48
ContractBHE261016C00090000
SideCall
Expiry16 Oct 2026
Strike90.00
Volume1
OI16
IV0.47
ContractBHE260821C00070000
SideCall
Expiry21 Aug 2026
Strike70.00
Volume1
OI7
IV0.59
ContractBHE261120C00095000
SideCall
Expiry20 Nov 2026
Strike95.00
Volume-
OI1205
IV0.46