Primary read
Bullish
Call-side pressure
Ticker Options Intelligence
HLNE options intelligence
Hamilton Lane Inc options pressure, expected move, strike concentration, and Sharemaestro trend context.
Conviction
38
Market data through 31 Jul 2026
Checked 1 Aug 2026 21:43 · complete available chain
Call-side pressure
Bullish pressure
HLNE currently carries bullish options pressure with a 38/100 conviction score. The nearest-chain expected move is 10.8%, with volume/open-interest participation at 0.01.
Expected move
10.8%
Wider near-term move priced
Activity / OI
0.01
Current volume is quieter versus prior open interest
Put-call
0.36
Call-side skew
Trend fit
14
Options are not fully confirming trend
Weekly backdrop
+6.9%
RS -29.7
Expected move
10.8%
Put-call volume
0.36
Volume / OI
0.01
Reference IV
0.58
Max pain
85.00
Underlying
88.91
Nearest expiry
21 Aug 2026
Contracts
186
Research Brief
HLNE has a bullish chain read with 38/100 evidence alignment.
The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 79.33–98.49; The largest call open-interest concentration is 135.00; the largest put concentration is 70.00. The most active strike by current volume is 95.00.
Priced range79.33–98.49
Call concentration135.00
Put concentration70.00
Max pain reference85.00
- 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 79.33 to 98.49. Max pain at 85.00 sits inside that range, 4.4% below spot.
Spot
Max pain
79.3388.91 ± 9.5898.49
Confirmation level
A close beyond 98.49 or below 79.33 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 38/100
Pressure is 50/100 toward calls; conviction uses its strength, while the signal label carries its direction.
Directional pressure50 × 42%
+21.2
How strongly activity leans toward calls or puts.
Participation24 × 22%
+5.3
Volume relative to existing open interest and contract-level activity.
Trend agreement14 × 26%
+3.6
How closely the chain read agrees with the underlying trend backdrop.
Volatility81 × 10%
+8.1
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 135.00; the largest put concentration is 70.00. The most active strike by current volume is 95.00. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.
Put open interestStrikeCall open interest
20
50.00-43.8%
0
17
55.00-38.1%
0
43
60.00-32.5%
1
28
65.00-26.9%
2
199
70.00-21.3%
0
21
75.00-15.6%
12
7
80.00-10.0%
7
29
85.00-4.4%
21
4
90.001.2%
14
3
95.006.8%
17
3
100.0012.5%
16
13
105.0018.1%
6
0
110.0023.7%
17
0
120.0035.0%
25
0
130.0046.2%
28
0
135.0051.8%
250
0
190.00113.7%
22
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+$35,270Delta change / 1% move
Positive peak120.00+$13,986
Negative peak70.00-$7,166
Nearest balance85.73Interpolated sign change
StrikeNegativePositiveNet / 1% move
40.00-55.0%
+$125
45.00-49.4%
+$0
50.00-43.8%
-$2,378
55.00-38.1%
-$3,322
60.00-32.5%
-$1,107
65.00-26.9%
-$1,498
70.00-21.3%
-$7,166
75.00-15.6%
+$2,068
80.00-10.0%
-$173
85.00-4.4%
-$873
90.001.2%
+$5,081
95.006.8%
+$3,904
100.0012.5%
+$13,026
105.0018.1%
+$972
110.0023.7%
+$3,917
115.0029.3%
+$229
120.0035.0%
+$13,986
125.0040.6%
+$150
130.0046.2%
+$6,128
135.0051.8%
+$1,730
140.0057.5%
+$35
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.
0.58
21 Aug
21d
0.54
18 Sep
49d
0.53
20 Nov
112d
0.52
19 Feb
203d
Volatility by Strike
Downside protection premium
Out-of-the-money puts carry higher implied volatility than comparable calls, indicating richer downside protection.
75
80
85
90
95
100
105
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
High
Retained chain100%
Implied volatility100%
Two-sided quotes100%
Open interest100%
- Chain status
- Complete available chain
- Market date
- 31 Jul 2026
- Calculation
- v2.0
- Contracts
- 186 / 186
- 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
Earnings/event positioning
Options activity is concentrated around a live event window, so the cleanest read is event positioning rather than pure direction.
Options pressure and weekly price action are pointing in the same constructive direction.
Earnings/event positioning matters because it connects the options headline to the actual evidence: $11,240 of estimated gross traded notional, calls · 91+ days · atm, 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+50
1W price+6.9%
Call premium87%
Put premium13%
Notional split
C 87% / P 13%
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
14/100
Agreement between options pressure and Sharemaestro market context.
Event window
4 Aug
Matched earnings event is 1 days away.
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 · ATM
calls cluster with 5 contracts traded, $5,075 estimated gross traded notional, and 45% of visible notional.
$5,075
Calls · 91+ days · OTM
calls cluster with 6 contracts traded, $4,090 estimated gross traded notional, and 36% of visible notional.
$4,090
Puts · 46-90 days · OTM
puts cluster with 3 contracts traded, $878 estimated gross traded notional, and 8% of visible notional.
$878
Puts · 8-21 days · OTM
puts cluster with 2 contracts traded, $635 estimated gross traded notional, and 6% of visible notional.
$635
Calls · 8-21 days · OTM
calls cluster with 3 contracts traded, $562 estimated gross traded notional, and 5% of visible notional.
$562
Setup Classification
Opportunity and risk frame
The tape is pricing or displaying unusually elevated activity.
Expected move or upcoming earnings makes the setup more event-sensitive.
Options positioning is not confirming the underlying trend context.
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
Close88.91
1W+6.9%
RS-29.7
Fair value-28.3%
Options pressure50
Speculation24
Volatility81
Trend fit14
Today Versus Normal
Stored-options context
30d avg - · 3/10 sessions
-
90d avg - · 3/30 sessions
-
180d avg - · 3/60 sessions
-
30d avg - · 3/10 sessions
-
90d avg - · 3/30 sessions
-
180d avg - · 3/60 sessions
-
30d avg - · 3/10 sessions
-
90d avg - · 3/30 sessions
-
180d avg - · 3/60 sessions
-
30d avg - · 3/10 sessions
-
90d avg - · 3/30 sessions
-
180d avg - · 3/60 sessions
-
Pressure Trail
Recent pressure and volatility
29 Jul 10:41
Bullish
Pressure 28
Move 13.9%
30 Jul 10:38
Mixed
Pressure -8
Move 12.9%
31 Jul 10:24
Volatility
Pressure 87
Move 13.1%
31 Jul 15:33
Bullish
Pressure 25
Move 12.0%
31 Jul 16:51
Bullish
Pressure 20
Move 13.1%
1 Aug 03:09
Bullish
Pressure 21
Move 12.2%
1 Aug 03:26
Bullish
Pressure 50
Move 12.2%
1 Aug 20:43
Bullish
Pressure 50
Move 10.8%
Strike Map
Where activity is clustering
Strike45.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike50.00
Calls · V 0 · OI 0
Puts · V 0 · OI 20
Strike55.00
Calls · V 0 · OI 0
Puts · V 0 · OI 17
Strike60.00
Calls · V 0 · OI 1
Puts · V 0 · OI 43
Strike65.00
Calls · V 0 · OI 2
Puts · V 0 · OI 28
Strike70.00
Calls · V 0 · OI 0
Puts · V 0 · OI 199
Strike75.00
Calls · V 0 · OI 12
Puts · V 0 · OI 21
Strike80.00
Calls · V 0 · OI 7
Puts · V 0 · OI 7
Term Structure
Expiration activity
Expiry21 Aug 2026
Contracts64
Avg IV0.58
Put-call0.67
Expiry18 Sep 2026
Contracts36
Avg IV0.54
Put-call-
Expiry20 Nov 2026
Contracts48
Avg IV0.53
Put-call-
Expiry19 Feb 2027
Contracts38
Avg IV0.52
Put-call-
Skew
Call/put IV balance
21 Aug 2026Balanced skew
Call IV0.77
Put IV0.74
Skew-0.03
18 Sep 2026Balanced skew
Call IV0.56
Put IV0.53
Skew-0.03
20 Nov 2026Put IV premium
Call IV0.47
Put IV0.58
Skew0.11
19 Feb 2027Put IV premium
Call IV0.46
Put IV0.56
Skew0.10
Contract Tape
Most active contracts
ContractHLNE261120C00090000
SideCall
Expiry20 Nov 2026
Strike90.00
Volume5
OI27
IV0.52
ContractHLNE270219C00110000
SideCall
Expiry19 Feb 2027
Strike110.00
Volume4
OI-
IV0.50
ContractHLNE260821C00095000
SideCall
Expiry21 Aug 2026
Strike95.00
Volume3
OI17
IV0.47
ContractHLNE260918P00080000
SidePut
Expiry18 Sep 2026
Strike80.00
Volume3
OI1
IV0.53
ContractHLNE260821P00085000
SidePut
Expiry21 Aug 2026
Strike85.00
Volume2
OI29
IV0.60
ContractHLNE270219C00100000
SideCall
Expiry19 Feb 2027
Strike100.00
Volume1
OI107
IV0.48
ContractHLNE261120C00110000
SideCall
Expiry20 Nov 2026
Strike110.00
Volume1
OI33
IV0.47
ContractHLNE260821C00135000
SideCall
Expiry21 Aug 2026
Strike135.00
Volume-
OI250
IV0.61
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.