Ticker Options Intelligence

BCH options intelligence

Banco De Chile options pressure, expected move, strike concentration, and Sharemaestro trend context.

Conviction 48 Market data through 30 Jul 2026 Checked 30 Jul 2026 16:44 · complete available chain

Volatility expansion watch

Volatility pressure

BCH currently carries volatility options pressure with a 48/100 conviction score. The nearest-chain expected move is 21.3%, with volume/open-interest participation at 0.16.

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

Volatility expansion watch

Expected move 21.3%

Wider near-term move priced

Activity / OI 0.16

Current volume is quieter versus prior open interest

Put-call 0.25

Call-side skew

Trend fit 23

Options are not fully confirming trend

Weekly backdrop +1.4%

RS 7.1

Expected move 21.3%
Put-call volume 0.25
Volume / OI 0.16
Reference IV 0.87
Max pain 35.00
Underlying 40.72
Nearest expiry 21 Aug 2026
Contracts 16

Research Brief

BCH has a volatility chain read with 48/100 evidence alignment.

The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 32.05–49.39; The largest call open-interest concentration is 40.00; the largest put concentration is 35.00. The most active strike by current volume is 40.00.

Priced range32.05–49.39
Call concentration40.00
Put concentration35.00
Max pain reference35.00
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.
  • 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

Size, not direction · through 21 Aug

Options imply 32.05 to 49.39. Max pain at 35.00 sits inside that range, 14.0% below spot.

Spot Max pain
32.0540.72 ± 8.6749.39
Confirmation level

A close beyond 49.39 or below 32.05 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 48/100

Evidence alignment, not probability

Pressure is 71/100 toward calls; conviction uses its strength, while the signal label carries its direction.

Directional pressure71 × 42%
+29.7

How strongly activity leans toward calls or puts.

Participation12 × 22%
+2.6

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

Trend agreement23 × 26%
+6.0

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

Volatility96 × 10%
+9.6

The intensity of implied volatility and the priced move.

Reconstructed score47.8Matches stored calculation

Positioning by Strike

Where open interest and current activity concentrate

Full strike map

The largest call open-interest concentration is 40.00; the largest put concentration is 35.00. The most active strike by current volume is 40.00. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.

Put open interestStrikeCall open interest
1
35.00-14.0%
0
0
40.00-1.8%
3
Nearest spot strike Max pain strikeBars show relative OI within this expiry

Volatility Curve

Front-loaded volatility

2.11× front/back

Near-term options are materially richer than later expirations, consistent with concentrated event or immediate-risk pricing.

0.87 21 Aug 22d
0.90 18 Sep 50d
0.67 16 Oct 78d
0.41 15 Jan 169d

Volatility by Strike

Smile incomplete

Nearest expiry, within 20% of spot

There is not enough comparable OTM call and put volatility to classify the smile.

35
40
Put IV Call IV

Historical Replay

How matured reads behaved through expiry

0 directional observations

No independently verifiable option-expiry outcomes have matured yet. Legacy snapshots without a point-in-time market reference and repeated same-session snapshots are deliberately excluded.

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

A90/100
Retained chain100%
Implied volatility100%
Two-sided quotes94%
Open interest100%
Chain status
Complete available chain
Market date
30 Jul 2026
Calculation
v1.x legacy
Contracts
16 / 16
  • 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

Volatility expansion bet

92/100
Primary intent Volatility expansion bet

The strongest message is movement risk: expected move and implied volatility are carrying more signal than direction.

Flow vs price divergence Volatility flow versus price

Options are pricing movement more than direction; compare expected move with the stock's actual weekly change.

Why this matters

Volatility expansion bet matters because it connects the options headline to the actual evidence: $8148 of estimated gross traded notional, calls · 91+ days · otm, and a volatility flow versus 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+1.4%
Call premium71%
Put premium29%
Notional split C 71% / P 29% Estimated gross traded notional uses volume × contract multiplier × midpoint, or last price when no valid midpoint is available.
Freshness 0.16 Volume divided by open interest across the visible chain.
Trend fit 23/100 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.
Conviction clusters Calls · 91+ days · OTM
Calls · 91+ days · OTM calls cluster with 15 contracts traded, $4050 estimated gross traded notional, and 50% of visible notional.
$4050
Puts · 46-90 days · ITM puts cluster with 1 contracts traded, $1945 estimated gross traded notional, and 24% of visible notional.
$1945
Calls · 46-90 days · ITM calls cluster with 1 contracts traded, $840 estimated gross traded notional, and 10% of visible notional.
$840
Calls · 22-45 days · ATM calls cluster with 2 contracts traded, $520 estimated gross traded notional, and 6% of visible notional.
$520
Calls · 46-90 days · ATM calls cluster with 1 contracts traded, $370 estimated gross traded notional, and 5% of visible notional.
$370

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.

Activity Anomaly

Warming up

-

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

Baseline: 2 completed sessions

Volume rank-
Volume/OI rank-
IV rank-

Market Context

Underlying confirmation

Sharemaestro weekly
Close40.72
1W+1.4%
RS7.1
Fair value+58.1%
Options pressure71
Speculation12
Volatility96
Trend fit23

Today Versus Normal

Stored-options context

View history
Expected move 21.3% history building
30d avg - · 2/10 sessions -
90d avg - · 2/30 sessions -
180d avg - · 2/60 sessions -
IV 0.87 history building
30d avg - · 2/10 sessions -
90d avg - · 2/30 sessions -
180d avg - · 2/60 sessions -
Put-call 0.25 history building
30d avg - · 1/10 sessions -
90d avg - · 1/30 sessions -
180d avg - · 1/60 sessions -
Volume/OI 0.16 history building
30d avg - · 2/10 sessions -
90d avg - · 2/30 sessions -
180d avg - · 2/60 sessions -

Pressure Trail

Recent pressure and volatility

Open trail
29 Jul 10:19 Mixed
Pressure 11
Move 9.5%
30 Jul 10:14 Bullish
Pressure 100
Move 7.5%
30 Jul 15:21 Volatility
Pressure 71
Move 21.4%
30 Jul 15:44 Volatility
Pressure 71
Move 21.3%

Strike Map

Where activity is clustering

Full strike map
Strike35.00
Calls · V 0 · OI 0
Puts · V 1 · OI 1
Strike40.00
Calls · V 2 · OI 3
Puts · V 0 · OI 0

Term Structure

Expiration activity

Volume and IV
Expiry21 Aug 2026
Contracts2
Avg IV0.87
Put-call0.50
Expiry18 Sep 2026
Contracts1
Avg IV0.90
Put-call-
Expiry16 Oct 2026
Contracts7
Avg IV0.67
Put-call0.33
Expiry15 Jan 2027
Contracts6
Avg IV0.41
Put-call0.20

Skew

Call/put IV balance

OTM demand
21 Aug 2026Incomplete skew
Call IV-
Put IV0.94
Skew-
18 Sep 2026Incomplete skew
Call IV-
Put IV0.90
Skew-
16 Oct 2026Put IV premium
Call IV0.59
Put IV0.87
Skew0.28
15 Jan 2027Put IV premium
Call IV0.37
Put IV0.60
Skew0.24

Contract Tape

Most active contracts

Full contract tape
ContractBCH261016P00035000
SidePut
Expiry16 Oct 2026
Strike35.00
Volume-
OI3
IV0.79
ContractBCH260918P00035000
SidePut
Expiry18 Sep 2026
Strike35.00
Volume-
OI3
IV0.90
ContractBCH270115C00040000
SideCall
Expiry15 Jan 2027
Strike40.00
Volume-
OI2
IV0.50
ContractBCH261016P00040000
SidePut
Expiry16 Oct 2026
Strike40.00
Volume-
OI2
IV0.87
ContractBCH270115P00050000
SidePut
Expiry15 Jan 2027
Strike50.00
Volume-
OI1
IV0.46
ContractBCH261016C00045000
SideCall
Expiry16 Oct 2026
Strike45.00
Volume-
OI1
IV0.59
ContractBCH270115C00035000
SideCall
Expiry15 Jan 2027
Strike35.00
Volume-
OI-
IV0.00
ContractBCH270115C00045000
SideCall
Expiry15 Jan 2027
Strike45.00
Volume15
OI116
IV0.37