Primary read
Bullish
Call-side pressure
Ticker Options Intelligence
EMBJ options intelligence
Embraer S.A. options pressure, expected move, strike concentration, and Sharemaestro trend context.
Conviction
46
Market data through 4 Aug 2026
Checked 5 Aug 2026 11:15 · complete available chain
Call-side pressure
Bullish pressure
EMBJ currently carries bullish options pressure with a 46/100 conviction score. The nearest-chain expected move is 8.3%, with volume/open-interest participation at 0.05.
Expected move
8.3%
Wider near-term move priced
Activity / OI
0.05
Current volume is quieter versus prior open interest
Put-call
0.19
Call-side skew
Trend fit
0
Options are not fully confirming trend
Weekly backdrop
+5.2%
RS 0.5
Expected move
8.3%
Put-call volume
0.19
Volume / OI
0.05
Reference IV
0.48
Max pain
65.00
Underlying
68.33
Nearest expiry
21 Aug 2026
Contracts
220
Research Brief
EMBJ has a bullish chain read with 46/100 evidence alignment.
The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 62.68–73.98; The largest call open-interest concentration is 95.00; the largest put concentration is 65.00. The most active strike by current volume is 75.00.
Priced range62.68–73.98
Call concentration95.00
Put concentration65.00
Max pain reference65.00
- 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 62.68 to 73.98. Max pain at 65.00 sits inside that range, 4.9% below spot.
Spot
Max pain
62.6868.33 ± 5.6573.98
Confirmation level
A close beyond 73.98 or below 62.68 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 46/100
Pressure is 71/100 toward calls; conviction uses its strength, while the signal label carries its direction.
Directional pressure71 × 42%
+29.9
How strongly activity leans toward calls or puts.
Participation41 × 22%
+9.1
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.
Volatility67 × 10%
+6.7
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 95.00; the largest put concentration is 65.00. The most active strike by current volume is 75.00. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.
Put open interestStrikeCall open interest
0
30.00-56.1%
11
3
35.00-48.8%
19
199
40.00-41.5%
0
254
45.00-34.1%
26
699
50.00-26.8%
26
375
55.00-19.5%
102
487
60.00-12.2%
364
2304
65.00-4.9%
523
261
70.002.4%
1584
81
75.009.8%
1075
10
80.0017.1%
229
0
85.0024.4%
53
0
90.0031.7%
343
0
95.0039.0%
2025
0
100.0046.3%
35
0
105.0053.7%
1
0
110.0061.0%
240
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+$679,956Delta change / 1% move
Positive peak70.00+$528,163
Negative peak65.00-$318,139
Nearest balance66.88Interpolated sign change
StrikeNegativePositiveNet / 1% move
20.00-70.7%
+$13
22.50-67.1%
+$65
25.00-63.4%
+$40
30.00-56.1%
-$8,374
35.00-48.8%
+$680
40.00-41.5%
+$6,068
45.00-34.1%
-$832
50.00-26.8%
-$8,536
55.00-19.5%
-$75,207
60.00-12.2%
-$19,763
65.00-4.9%
-$318,139
70.002.4%
+$528,163
75.009.8%
+$343,511
80.0017.1%
+$90,989
85.0024.4%
+$56,008
90.0031.7%
+$54,181
95.0039.0%
+$20,086
100.0046.3%
+$8,283
105.0053.7%
+$168
110.0061.0%
+$1,474
115.0068.3%
+$162
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.
0.48
21 Aug
17d
0.44
18 Sep
45d
0.45
16 Oct
73d
0.46
20 Nov
108d
0.45
15 Jan
164d
0.44
21 Jan
535d
Volatility by Strike
Balanced wings
Comparable upside calls and downside puts carry broadly similar implied volatility.
55
60
65
70
75
80
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
- 4 Aug 2026
- Calculation
- v2.0
- Contracts
- 220 / 220
- 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.
Options pressure and weekly price action are pointing in the same constructive direction.
Multi-expiry position-maintenance candidate matters because it connects the options headline to the actual evidence: $796,758 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+71
1W price+5.2%
Call premium89%
Put premium11%
Notional split
C 89% / P 11%
Estimated gross traded notional uses volume × contract multiplier × midpoint, or last price when no valid midpoint is available.
Freshness
0.05
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.
Roll detection is conservative because opening and closing legs are not directly observable in this snapshot.
Calls · 91+ days · ATM
calls cluster with 811 contracts traded, $616,940 estimated gross traded notional, and 77% of visible notional.
$616,940
Puts · 91+ days · ITM
puts cluster with 32 contracts traded, $42,245 estimated gross traded notional, and 5% of visible notional.
$42,245
Calls · 8-21 days · OTM
calls cluster with 348 contracts traded, $30,810 estimated gross traded notional, and 4% of visible notional.
$30,810
Calls · 46-90 days · ATM
calls cluster with 34 contracts traded, $20,400 estimated gross traded notional, and 3% of visible notional.
$20,400
Puts · 46-90 days · OTM
puts cluster with 61 contracts traded, $17,868 estimated gross traded notional, and 2% of visible notional.
$17,868
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.
Call pressure is building while the stock sits above Sharemaestro fair value.
Activity Anomaly
Warming up
5 of 10 completed market sessions are available. More session history is needed before activity can be compared with a reliable normal.
Baseline: 5 completed sessions
Volume rank-
Volume/OI rank-
IV rank-
Market Context
Underlying confirmation
Close68.33
1W+5.2%
RS0.5
Fair value+64.7%
Options pressure71
Speculation41
Volatility67
Trend fit0
Today Versus Normal
Stored-options context
30d avg - · 5/10 sessions
-
90d avg - · 5/30 sessions
-
180d avg - · 5/60 sessions
-
30d avg - · 5/10 sessions
-
90d avg - · 5/30 sessions
-
180d avg - · 5/60 sessions
-
30d avg - · 5/10 sessions
-
90d avg - · 5/30 sessions
-
180d avg - · 5/60 sessions
-
30d avg - · 5/10 sessions
-
90d avg - · 5/30 sessions
-
180d avg - · 5/60 sessions
-
Pressure Trail
Recent pressure and volatility
29 Jul 10:27
Bullish
Pressure 51
Move 11.6%
30 Jul 13:23
Volatility
Pressure -79
Move 10.2%
30 Jul 14:03
Bullish
Pressure 58
Move 9.9%
1 Aug 00:32
Bullish
Pressure 37
Move 10.0%
1 Aug 05:38
Volatility
Pressure -31
Move 10.0%
2 Aug 19:14
Volatility
Pressure -31
Move 10.5%
4 Aug 10:06
Bullish
Pressure 26
Move 8.7%
5 Aug 10:15
Bullish
Pressure 71
Move 8.3%
Strike Map
Where activity is clustering
Strike25.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike30.00
Calls · V 0 · OI 11
Puts · V 0 · OI 0
Strike35.00
Calls · V 0 · OI 19
Puts · V 0 · OI 3
Strike40.00
Calls · V 0 · OI 0
Puts · V 0 · OI 199
Strike45.00
Calls · V 0 · OI 26
Puts · V 0 · OI 254
Strike50.00
Calls · V 0 · OI 26
Puts · V 0 · OI 699
Strike55.00
Calls · V 0 · OI 102
Puts · V 1 · OI 375
Strike60.00
Calls · V 0 · OI 364
Puts · V 3 · OI 487
Term Structure
Expiration activity
Expiry21 Aug 2026
Contracts40
Avg IV0.48
Put-call0.33
Expiry18 Sep 2026
Contracts26
Avg IV0.44
Put-call0.86
Expiry16 Oct 2026
Contracts30
Avg IV0.45
Put-call0.73
Expiry20 Nov 2026
Contracts40
Avg IV0.46
Put-call0.01
Expiry15 Jan 2027
Contracts46
Avg IV0.45
Put-call1.22
Skew
Call/put IV balance
21 Aug 2026Balanced skew
Call IV0.45
Put IV0.50
Skew0.05
18 Sep 2026Balanced skew
Call IV0.41
Put IV0.42
Skew0.01
16 Oct 2026Balanced skew
Call IV0.43
Put IV0.45
Skew0.02
20 Nov 2026Balanced skew
Call IV0.44
Put IV0.48
Skew0.04
15 Jan 2027Balanced skew
Call IV0.43
Put IV0.45
Skew0.02
Contract Tape
Most active contracts
ContractEMBJ261120C00070000
SideCall
Expiry20 Nov 2026
Strike70.00
Volume807
OI184
IV0.46
ContractEMBJ260821C00075000
SideCall
Expiry21 Aug 2026
Strike75.00
Volume202
OI1075
IV0.45
ContractEMBJ260821C00080000
SideCall
Expiry21 Aug 2026
Strike80.00
Volume146
OI229
IV0.48
ContractEMBJ260821P00065000
SidePut
Expiry21 Aug 2026
Strike65.00
Volume106
OI2304
IV0.50
ContractEMBJ261016P00065000
SidePut
Expiry16 Oct 2026
Strike65.00
Volume59
OI317
IV0.45
ContractEMBJ261016C00070000
SideCall
Expiry16 Oct 2026
Strike70.00
Volume34
OI435
IV0.43
ContractEMBJ261016C00085000
SideCall
Expiry16 Oct 2026
Strike85.00
Volume30
OI107
IV0.43
ContractEMBJ260918C00075000
SideCall
Expiry18 Sep 2026
Strike75.00
Volume15
OI166
IV0.41
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.