Primary read
Mixed
Options-market disagreement
Ticker Options Intelligence
BEKE options intelligence
Ke Holdings Inc options pressure, expected move, strike concentration, and Sharemaestro trend context.
Conviction
41
Market data through 31 Jul 2026
Checked 1 Aug 2026 02:47 · complete available chain
Options-market disagreement
Mixed pressure
BEKE currently carries mixed options pressure with a 41/100 conviction score. The nearest-chain expected move is 5.7%, with volume/open-interest participation at 0.01.
Expected move
5.7%
Near-term move context
Activity / OI
0.01
Current volume is quieter versus prior open interest
Put-call
1.37
Put-side skew
Trend fit
80
Options agree with trend context
Weekly backdrop
+6.7%
RS -8.0
Expected move
5.7%
Put-call volume
1.37
Volume / OI
0.01
Reference IV
1.08
Max pain
17.50
Underlying
15.89
Nearest expiry
31 Jul 2026
Contracts
606
Research Brief
BEKE has a mixed chain read with 41/100 evidence alignment.
The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 14.99–16.79; The largest call open-interest concentration is 17.00; the largest put concentration is 17.50. The most active strike by current volume is 16.50.
Priced range14.99–16.79
Call concentration17.00
Put concentration17.50
Max pain reference17.50
- A clear directional pressure reading develops and price begins to agree.
- The current chain read already agrees with the stored weekly trend context.
- Volatility falls and the chain remains directionally mixed.
- 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
Options imply 14.99 to 16.79. Max pain at 17.50 lies outside the priced range, so it is a weak near-term anchor.
Spot
Max pain
14.9915.89 ± 0.9016.79
Confirmation level
A close beyond 16.79 or below 14.99 at the 31 Jul 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 41/100
Pressure is 8/100 toward puts; conviction uses its strength, while the signal label carries its direction.
Directional pressure8 × 42%
+3.5
How strongly activity leans toward calls or puts.
Participation40 × 22%
+8.8
Volume relative to existing open interest and contract-level activity.
Trend agreement80 × 26%
+20.8
How closely the chain read agrees with the underlying trend backdrop.
Volatility79 × 10%
+7.9
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 17.00; the largest put concentration is 17.50. The most active strike by current volume is 16.50. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.
Put open interestStrikeCall open interest
3
5.00-68.5%
12
8
6.00-62.2%
5
11
7.00-55.9%
8
17
8.00-49.7%
7
2
10.00-37.1%
4
2
10.50-33.9%
2
2
11.00-30.8%
6
9
14.00-11.9%
10
30
15.00-5.6%
18
17
15.50-2.5%
9
114
16.000.7%
91
22
16.503.8%
15
0
17.007.0%
114
665
17.5010.1%
3
0
20.0025.9%
11
0
29.0082.5%
23
0
30.0088.8%
10
Nearest spot strike Max pain strikeBars show relative OI within this expiry
Volatility Curve
Front-loaded volatility
Near-term options are materially richer than later expirations, consistent with concentrated event or immediate-risk pricing.
1.08
31 Jul
0d
0.30
7 Aug
7d
0.24
14 Aug
14d
0.53
21 Aug
21d
0.38
28 Aug
28d
0.29
4 Sep
35d
0.50
11 Sep
42d
0.42
18 Sep
49d
Volatility by Strike
Downside protection premium
Out-of-the-money puts carry higher implied volatility than comparable calls, indicating richer downside protection.
13
14
14
15
15
16
16
17
17
18
18
19
19
Put IV Call IV
Historical Replay
How matured reads behaved through expiry
Forward validation is building. The earliest eligible stored read expires 31 Jul 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
Retained chain100%
Implied volatility100%
Two-sided quotes100%
Open interest100%
- Chain status
- Complete available chain
- Market date
- 31 Jul 2026
- Calculation
- v2.0
- Contracts
- 606 / 606
- 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.
The options read is mixed, so divergence is not strong enough to classify.
Multi-expiry position-maintenance candidate matters because it connects the options headline to the actual evidence: $48158 of estimated gross traded notional, calls · 0-7 days · itm, and a no clean flow/price divergence backdrop. Use it as a research priority signal, then validate the chart, liquidity, event calendar, and risk before acting.
Options pressure-8
1W price+6.7%
Call premium68%
Put premium32%
Notional split
C 68% / P 32%
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
80/100
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.
Calls · 0-7 days · ITM
calls cluster with 31 contracts traded, $21995 estimated gross traded notional, and 46% of visible notional.
$21995
Puts · 0-7 days · ITM
puts cluster with 120 contracts traded, $10158 estimated gross traded notional, and 21% of visible notional.
$10158
Calls · 46-90 days · OTM
calls cluster with 58 contracts traded, $4342 estimated gross traded notional, and 9% of visible notional.
$4342
Calls · 8-21 days · ITM
calls cluster with 3 contracts traded, $2625 estimated gross traded notional, and 5% of visible notional.
$2625
Puts · 22-45 days · ITM
puts cluster with 21 contracts traded, $2425 estimated gross traded notional, and 5% of visible notional.
$2425
Setup Classification
Opportunity and risk frame
Positioning agrees with the Sharemaestro trend backdrop.
The tape is pricing or displaying unusually elevated activity.
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
Close16.95
1W+6.7%
RS-8.0
Fair value+2.5%
Options pressure-8
Speculation40
Volatility79
Trend fit80
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 10:20
Bullish
Pressure 84
Move 3.0%
30 Jul 10:14
Bullish
Pressure 39
Move 4.2%
31 Jul 11:15
Bullish
Pressure 53
Move 6.0%
1 Aug 01:47
Mixed
Pressure -8
Move 5.7%
Strike Map
Where activity is clustering
Strike5.00
Calls · V 2 · OI 12
Puts · V 15 · OI 3
Strike6.00
Calls · V 1 · OI 5
Puts · V 11 · OI 8
Strike7.00
Calls · V 2 · OI 8
Puts · V 14 · OI 11
Strike8.00
Calls · V 3 · OI 7
Puts · V 10 · OI 17
Strike9.00
Calls · V 1 · OI 3
Puts · V 2 · OI 1
Strike10.00
Calls · V 2 · OI 4
Puts · V 3 · OI 2
Strike10.50
Calls · V 6 · OI 2
Puts · V 2 · OI 2
Strike11.00
Calls · V 5 · OI 6
Puts · V 1 · OI 2
Term Structure
Expiration activity
Expiry31 Jul 2026
Contracts74
Avg IV1.08
Put-call3.40
Expiry7 Aug 2026
Contracts72
Avg IV0.30
Put-call0.20
Expiry14 Aug 2026
Contracts66
Avg IV0.24
Put-call-
Expiry21 Aug 2026
Contracts68
Avg IV0.53
Put-call107.00
Expiry28 Aug 2026
Contracts46
Avg IV0.38
Put-call-
Skew
Call/put IV balance
31 Jul 2026Put IV premium
Call IV0.07
Put IV0.92
Skew0.85
7 Aug 2026Balanced skew
Call IV0.34
Put IV0.36
Skew0.02
14 Aug 2026Call IV premium
Call IV0.37
Put IV0.25
Skew-0.12
21 Aug 2026Call IV premium
Call IV0.70
Put IV0.21
Skew-0.49
28 Aug 2026Call IV premium
Call IV0.54
Put IV0.23
Skew-0.31
Contract Tape
Most active contracts
ContractBEKE260731P00016500
SidePut
Expiry31 Jul 2026
Strike16.50
Volume106
OI22
IV0.36
ContractBEKE260821P00015000
SidePut
Expiry21 Aug 2026
Strike15.00
Volume100
OI732
IV0.27
ContractBEKE260904C00019000
SideCall
Expiry4 Sep 2026
Strike19.00
Volume51
OI10
IV0.49
ContractBEKE260814C00018000
SideCall
Expiry14 Aug 2026
Strike18.00
Volume48
OI1092
IV0.37
ContractBEKE260918C00017000
SideCall
Expiry18 Sep 2026
Strike17.00
Volume30
OI1137
IV0.43
ContractBEKE261016C00020000
SideCall
Expiry16 Oct 2026
Strike20.00
Volume23
OI416
IV0.41
ContractBEKE260828P00017000
SidePut
Expiry28 Aug 2026
Strike17.00
Volume20
OI-
IV0.48
ContractBEKE260731P00005000
SidePut
Expiry31 Jul 2026
Strike5.00
Volume15
OI3
IV9.47
Research Graph
Related research and context
Sharemaestro research
Related News
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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.