Ticker Options Intelligence

OR options intelligence

Osisko Gold Ro options pressure, expected move, strike concentration, and Sharemaestro trend context.

Conviction 24 Market data through 31 Jul 2026 Checked 3 Aug 2026 11:00 · complete available chain

Options-market disagreement

Mixed pressure

OR currently carries mixed options pressure with a 24/100 conviction score. The nearest-chain expected move is 9.5%, 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 Mixed

Options-market disagreement

Expected move 9.5%

Wider near-term move priced

Activity / OI 0.01

Current volume is quieter versus prior open interest

Put-call 0.98

Balanced tape

Trend fit 48

Options are not fully confirming trend

Weekly backdrop +1.9%

RS -24.4

Expected move 9.5%
Put-call volume 0.98
Volume / OI 0.01
Reference IV 0.44
Max pain 30.00
Underlying 29.76
Nearest expiry 21 Aug 2026
Contracts 76

Research Brief

OR has a mixed chain read with 24/100 evidence alignment.

The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 26.93–32.59; The largest call open-interest concentration is 35.00; the largest put concentration is 30.00. The most active strike by current volume is 30.00.

Priced range26.93–32.59
Call concentration35.00
Put concentration30.00
Max pain reference30.00
What would confirm it
  • A clear directional pressure reading develops and price begins to agree.
What would weaken it
  • Volatility falls and the chain remains directionally mixed.
  • 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 26.93 to 32.59. Max pain at 30.00 sits inside that range, 0.8% above spot.

Spot Max pain
26.9329.76 ± 2.8332.59
Confirmation level

A close beyond 32.59 or below 26.93 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 24/100

Evidence alignment, not probability

Pressure is 6/100 toward calls; conviction uses its strength, while the signal label carries its direction.

Directional pressure6 × 42%
+2.5

How strongly activity leans toward calls or puts.

Participation8 × 22%
+1.8

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

Trend agreement48 × 26%
+12.4

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

Volatility69 × 10%
+6.9

The intensity of implied volatility and the priced move.

Reconstructed score23.5Matches stored calculation

Positioning by Strike

Where open interest and current activity concentrate

Full strike map

The largest call open-interest concentration is 35.00; the largest put concentration is 30.00. The most active strike by current volume is 30.00. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.

Put open interestStrikeCall open interest
0
20.00-32.8%
1
8
22.50-24.4%
0
100
25.00-16.0%
9
391
30.000.8%
199
25
35.0017.6%
1025
4
40.0034.4%
715
0
45.0051.2%
11
0
50.0068.0%
0
0
55.0084.8%
30
Nearest spot strike Max pain strikeBars show relative OI within this expiry

Gamma Profile by Strike

Balanced gamma proxy

Reported Greeks · 98% coverage

Call- and put-side gamma sensitivity is broadly balanced across the retained chain. Individual strike concentrations may still matter more than the chain-wide net.

Net profile-$36,472Delta change / 1% move
Positive peak35.00+$36,176
Negative peak25.00-$39,004
Nearest balance32.14Interpolated sign change
StrikeNegativePositiveNet / 1% move
17.50-41.2%
+$28
20.00-32.8%
+$609
22.50-24.4%
+$609
25.00-16.0%
-$39,004
30.000.8%
-$27,125
35.0017.6%
+$36,176
40.0034.4%
-$14,661
45.0051.2%
+$1,288
50.0068.0%
+$4,641
55.0084.8%
+$714
60.00101.6%
+$177
65.00118.4%
+$75
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

0.91× front/back

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

0.44 21 Aug 21d
0.40 18 Sep 49d
0.46 16 Oct 77d
0.48 15 Jan 168d

Volatility by Strike

Balanced wings

Nearest expiry, within 20% of spot

Comparable upside calls and downside puts carry broadly similar implied volatility.

25
30
35
Put IV Call IV

Historical Replay

How matured reads behaved through expiry

0 matured · 0 directional

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

C69/100
Retained chain100%
Implied volatility100%
Two-sided quotes100%
Open interest100%
Chain status
Complete available chain
Market date
31 Jul 2026
Calculation
v2.0
Contracts
76 / 76
  • 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

Likely noise

24/100
Primary intent Likely noise

Visible options activity is too thin or mixed to support a strong intent classification.

Flow vs price divergence No clean flow/price divergence

The options read is mixed, so divergence is not strong enough to classify.

Why this matters

Likely noise matters because it connects the options headline to the actual evidence: $37,258 of estimated gross traded notional, puts · 46-90 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+6
1W price+1.9%
Call premium38%
Put premium62%
Notional split C 38% / P 62% 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 48/100 Agreement between options pressure and Sharemaestro market context.
Event window 4 Aug Matched earnings event is 0 days away.
Aggregate chain data does not identify trade aggressor or opening versus closing activity; call/put concentration is not proof of market direction.
Conviction clusters Puts · 46-90 days · ITM
Puts · 46-90 days · ITM puts cluster with 15 contracts traded, $15,425 estimated gross traded notional, and 41% of visible notional.
$15,425
Puts · 8-21 days · ITM puts cluster with 10 contracts traded, $5,450 estimated gross traded notional, and 15% of visible notional.
$5,450
Calls · 91+ days · ITM calls cluster with 6 contracts traded, $5,130 estimated gross traded notional, and 14% of visible notional.
$5,130
Calls · 91+ days · OTM calls cluster with 22 contracts traded, $4,605 estimated gross traded notional, and 12% of visible notional.
$4,605
Calls · 91+ days · ATM calls cluster with 5 contracts traded, $2,075 estimated gross traded notional, and 6% of visible notional.
$2,075

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.

Warning Crowded strike risk

Underlying price is close to the max-pain zone.

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
Close29.76
1W+1.9%
RS-24.4
Fair value+25.1%
Options pressure6
Speculation8
Volatility69
Trend fit48

Today Versus Normal

Stored-options context

View history
Expected move 9.5% history building
30d avg - · 3/10 sessions -
90d avg - · 3/30 sessions -
180d avg - · 3/60 sessions -
IV 0.44 history building
30d avg - · 3/10 sessions -
90d avg - · 3/30 sessions -
180d avg - · 3/60 sessions -
Put-call 0.98 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 10:34 Bullish
Pressure 78
Move 9.5%
30 Jul 10:32 Bearish
Pressure -26
Move 11.0%
31 Jul 10:22 Bullish
Pressure 92
Move 10.3%
3 Aug 10:00 Mixed
Pressure 6
Move 9.5%

Strike Map

Where activity is clustering

Full strike map
Strike20.00
Calls · V 1 · OI 1
Puts · V 0 · OI 0
Strike22.50
Calls · V 0 · OI 0
Puts · V 0 · OI 8
Strike25.00
Calls · V 0 · OI 9
Puts · V 0 · OI 100
Strike30.00
Calls · V 4 · OI 199
Puts · V 14 · OI 391
Strike35.00
Calls · V 0 · OI 1025
Puts · V 10 · OI 25
Strike40.00
Calls · V 0 · OI 715
Puts · V 0 · OI 4
Strike45.00
Calls · V 0 · OI 11
Puts · V 0 · OI 0
Strike50.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0

Term Structure

Expiration activity

Volume and IV
Expiry21 Aug 2026
Contracts18
Avg IV0.44
Put-call4.80
Expiry18 Sep 2026
Contracts16
Avg IV0.40
Put-call5.50
Expiry16 Oct 2026
Contracts24
Avg IV0.46
Put-call3.00
Expiry15 Jan 2027
Contracts18
Avg IV0.48
Put-call-

Skew

Call/put IV balance

OTM demand
21 Aug 2026Balanced skew
Call IV0.30
Put IV0.33
Skew0.03
18 Sep 2026Call IV premium
Call IV0.54
Put IV0.48
Skew-0.06
16 Oct 2026Balanced skew
Call IV0.49
Put IV0.46
Skew-0.03
15 Jan 2027Balanced skew
Call IV0.50
Put IV0.47
Skew-0.03

Contract Tape

Most active contracts

Full contract tape
ContractOR270115C00035000
SideCall
Expiry15 Jan 2027
Strike35.00
Volume20
OI393
IV0.47
ContractOR260821P00030000
SidePut
Expiry21 Aug 2026
Strike30.00
Volume14
OI391
IV0.44
ContractOR260821P00035000
SidePut
Expiry21 Aug 2026
Strike35.00
Volume10
OI25
IV0.58
ContractOR260918P00035000
SidePut
Expiry18 Sep 2026
Strike35.00
Volume10
OI-
IV0.38
ContractOR270115C00030000
SideCall
Expiry15 Jan 2027
Strike30.00
Volume5
OI279
IV0.50
ContractOR261016P00050000
SidePut
Expiry16 Oct 2026
Strike50.00
Volume5
OI-
IV0.70
ContractOR260821C00030000
SideCall
Expiry21 Aug 2026
Strike30.00
Volume4
OI199
IV0.55
ContractOR270115C00025000
SideCall
Expiry15 Jan 2027
Strike25.00
Volume3
OI264
IV0.45