Ticker Options Intelligence

FER options intelligence

Ferrovial SE options pressure, expected move, strike concentration, and Sharemaestro trend context.

Conviction 31 Market data through 12 Aug 2026 Checked 13 Aug 2026 11:22 · complete available chain

Call-side pressure

Bullish pressure

FER currently carries bullish options pressure with a 31/100 conviction score. The nearest-chain expected move is 4.7%, with volume/open-interest participation at 0.02.

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

Call-side pressure

Expected move 4.7%

Near-term move context

Activity / OI 0.02

Current volume is quieter versus prior open interest

Put-call 0.16

Call-side skew

Trend fit 0

Options are not fully confirming trend

Weekly backdrop +2.2%

RS -9.7

Expected move 4.7%
Put-call volume 0.16
Volume / OI 0.02
Reference IV 0.30
Max pain 65.00
Underlying 66.51
Nearest expiry 21 Aug 2026
Contracts 110

Research Brief

FER has a bullish chain read with 31/100 evidence alignment.

The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 63.40–69.62; The largest call open-interest concentration is 70.00; the largest put concentration is 65.00. The most active strike by current volume is 35.00.

Priced range63.40–69.62
Call concentration70.00
Put concentration65.00
Max pain reference65.00
What would confirm it
  • Price holds or improves while call-side concentration remains elevated.
  • Participation is above the ticker's stored normal, which makes the read more noteworthy.
What would weaken it
  • 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

Size, not direction · through 21 Aug

Options imply 63.40 to 69.62. Max pain at 65.00 sits inside that range, 2.3% below spot.

Spot Max pain
63.4066.51 ± 3.1169.62
Confirmation level

A close beyond 69.62 or below 63.40 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 31/100

Evidence alignment, not probability

Pressure is 64/100 toward calls; conviction uses its strength, while the signal label carries its direction.

Directional pressure64 × 42%
+26.8

How strongly activity leans toward calls or puts.

Participation2 × 22%
+0.4

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.

Volatility40 × 10%
+4.0

The intensity of implied volatility and the priced move.

Reconstructed score31.1Matches stored calculation

Positioning by Strike

Where open interest and current activity concentrate

Full strike map

The largest call open-interest concentration is 70.00; the largest put concentration is 65.00. The most active strike by current volume is 35.00. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.

Put open interestStrikeCall open interest
0
35.00-47.4%
0
0
40.00-39.9%
0
0
45.00-32.3%
0
0
50.00-24.8%
0
0
55.00-17.3%
0
22
60.00-9.8%
0
41
65.00-2.3%
4
1
70.005.2%
11
0
75.0012.8%
4
0
80.0020.3%
10
0
85.0027.8%
0
0
90.0035.3%
0
0
95.0042.8%
0
0
100.0050.4%
0
Nearest spot strike Max pain strikeBars show relative OI within this expiry

Gamma Profile by Strike

Negative gamma proxy

Reported + model-estimated Greeks · 98% coverage

Put-side gamma sensitivity outweighs the call-side proxy across the retained chain. The largest bars mark levels where delta-hedging sensitivity may be most concentrated.

Net profile-$121,809Delta change / 1% move
Positive peak65.00+$23,509
Negative peak70.00-$121,595
Nearest balance65.81Interpolated sign change
StrikeNegativePositiveNet / 1% move
35.00-47.4%
+$115
45.00-32.3%
+$0
50.00-24.8%
+$2,962
55.00-17.3%
+$191
60.00-9.8%
+$7,195
65.00-2.3%
+$23,509
70.005.2%
-$121,595
75.0012.8%
-$31,018
80.0020.3%
-$3,214
85.0027.8%
+$33
90.0035.3%
+$14
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

1.09× front/back

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

0.30 21 Aug 9d
0.25 18 Sep 37d
0.22 18 Dec 128d
0.27 19 Mar 219d

Volatility by Strike

Upside optionality premium

Nearest expiry, within 20% of spot

Out-of-the-money calls carry higher implied volatility than comparable puts, indicating richer upside optionality.

55
60
65
70
75
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
12 Aug 2026
Calculation
v2.0
Contracts
110 / 110
  • 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

Call activity against legacy put OI

55/100
Primary intent Call activity against legacy put OI

Call activity is dominant while put open interest remains large but current put volume is not leading.

Flow vs price divergence Bullish flow confirms price

Options pressure and weekly price action are pointing in the same constructive direction.

Why this matters

Call activity against legacy put OI matters because it connects the options headline to the actual evidence: $32,598 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+64
1W price+2.2%
Call premium85%
Put premium15%
Notional split C 85% / P 15% Estimated gross traded notional uses volume × contract multiplier × midpoint, or last price when no valid midpoint is available.
Freshness 0.02 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. Do not infer a hedge unwind without next-session open-interest changes and opening/closing data.
Conviction clusters Calls · 91+ days · ATM
Calls · 91+ days · ATM calls cluster with 25 contracts traded, $16,000 estimated gross traded notional, and 49% of visible notional.
$16,000
Calls · 91+ days · ITM calls cluster with 12 contracts traded, $11,580 estimated gross traded notional, and 36% of visible notional.
$11,580
Puts · 91+ days · ITM puts cluster with 5 contracts traded, $4,900 estimated gross traded notional, and 15% of visible notional.
$4,900
Puts · 22-45 days · ATM puts cluster with 1 contracts traded, $118 estimated gross traded notional, and 0% of visible notional.
$118

Setup Classification

Opportunity and risk frame

Context, not advice
Warning Volatility expansion

The tape is pricing or displaying unusually elevated activity.

Negative Options disagreement

Options positioning is not confirming the underlying trend context.

Warning Crowded strike risk

Underlying price is close to the max-pain zone.

Warning Bullish pressure over fair value

Call pressure is building while the stock sits above Sharemaestro fair value.

Activity Anomaly

High anomaly

88

Current options activity is unusually hot versus this ticker's stored history.

Baseline: 11 completed sessions

Volume rank82th
Volume/OI rank82th
IV rank100th

Market Context

Underlying confirmation

Sharemaestro weekly
Close66.51
1W+2.2%
RS-9.7
Fair value+39.3%
Options pressure64
Speculation2
Volatility40
Trend fit0

Today Versus Normal

Stored-options context

View history
Expected move 4.7% near normal
30d avg 5.1% · 11 sessions 36th
90d avg - · 11/30 sessions -
180d avg - · 11/60 sessions -
IV 0.30 elevated
30d avg 0.22 · 11 sessions 100th
90d avg - · 11/30 sessions -
180d avg - · 11/60 sessions -
Put-call 0.16 near normal
30d avg 1.12 · 11 sessions 36th
90d avg - · 11/30 sessions -
180d avg - · 11/60 sessions -
Volume/OI 0.02 elevated
30d avg 0.01 · 11 sessions 82th
90d avg - · 11/30 sessions -
180d avg - · 11/60 sessions -

Pressure Trail

Recent pressure and volatility

Open trail
29 Jul 10:10 Mixed
Pressure 8
Move 8.4%
30 Jul 10:06 Bearish
Pressure -89
Move 6.1%
31 Jul 06:51 Mixed
Pressure 3
Move 6.0%
31 Jul 14:08 Bearish
Pressure -36
Move 5.3%
31 Jul 14:55 Bearish
Pressure -32
Move 5.3%
3 Aug 07:09 Bullish
Pressure 62
Move 4.5%
3 Aug 20:39 Bearish
Pressure -32
Move 6.2%
4 Aug 01:48 Bullish
Pressure 54
Move 5.3%

Strike Map

Where activity is clustering

Full strike map
Strike35.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike40.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike45.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike50.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike55.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike60.00
Calls · V 0 · OI 0
Puts · V 0 · OI 22
Strike65.00
Calls · V 0 · OI 4
Puts · V 0 · OI 41
Strike70.00
Calls · V 0 · OI 11
Puts · V 0 · OI 1

Term Structure

Expiration activity

Volume and IV
Expiry21 Aug 2026
Contracts28
Avg IV0.30
Put-call-
Expiry18 Sep 2026
Contracts28
Avg IV0.25
Put-call-
Expiry18 Dec 2026
Contracts28
Avg IV0.22
Put-call-
Expiry19 Mar 2027
Contracts26
Avg IV0.27
Put-call-

Skew

Call/put IV balance

OTM demand
21 Aug 2026Call IV premium
Call IV0.66
Put IV0.05
Skew-0.60
18 Sep 2026Balanced skew
Call IV0.23
Put IV0.21
Skew-0.02
18 Dec 2026Balanced skew
Call IV0.30
Put IV0.27
Skew-0.03
19 Mar 2027Balanced skew
Call IV0.25
Put IV0.28
Skew0.03

Contract Tape

Most active contracts

Full contract tape
ContractFER270319C00065000
SideCall
Expiry19 Mar 2027
Strike65.00
Volume25
OI-
IV0.26
ContractFER270319C00060000
SideCall
Expiry19 Mar 2027
Strike60.00
Volume12
OI86
IV0.28
ContractFER261218P00075000
SidePut
Expiry18 Dec 2026
Strike75.00
Volume5
OI148
IV0.28
ContractFER260918P00065000
SidePut
Expiry18 Sep 2026
Strike65.00
Volume1
OI24
IV0.21
ContractFER260918P00070000
SidePut
Expiry18 Sep 2026
Strike70.00
Volume-
OI414
IV0.22
ContractFER260918P00075000
SidePut
Expiry18 Sep 2026
Strike75.00
Volume-
OI224
IV0.31
ContractFER260918C00065000
SideCall
Expiry18 Sep 2026
Strike65.00
Volume-
OI201
IV0.28
ContractFER260918C00075000
SideCall
Expiry18 Sep 2026
Strike75.00
Volume-
OI151
IV0.26

Research Graph

Related research and context

Ticker deep links

Related News

No recent ticker-specific news yet.

Earnings

No upcoming matched earnings event.

Evidence context