Ticker Options Intelligence

BRX options intelligence

Brixmor Property options pressure, expected move, strike concentration, and Sharemaestro trend context.

Conviction 41 Market data through 12 Aug 2026 Checked 12 Aug 2026 22:01 · complete available chain

Call-side pressure

Bullish pressure

BRX currently carries bullish options pressure with a 41/100 conviction score. The nearest-chain expected move is 2.1%, with volume/open-interest participation at 0.12.

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

Call-side pressure

Expected move 2.1%

Near-term move context

Activity / OI 0.12

Current volume is quieter versus prior open interest

Put-call 0.38

Call-side skew

Trend fit 33

Options are not fully confirming trend

Weekly backdrop -3.6%

RS -4.0

Expected move 2.1%
Put-call volume 0.38
Volume / OI 0.12
Reference IV 0.65
Max pain 30.00
Underlying 30.37
Nearest expiry 21 Aug 2026
Contracts 29

Research Brief

BRX has a bullish 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 29.74–31.00; The largest call open-interest concentration is 30.00; the largest put concentration is 30.00. The most active strike by current volume is 30.00.

Priced range29.74–31.00
Call concentration30.00
Put concentration30.00
Max pain reference30.00
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.
  • 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 29.74 to 31.00. Max pain at 30.00 sits inside that range, 1.2% below spot.

Spot Max pain
29.7430.37 ± 0.6331.00
Confirmation level

A close beyond 31.00 or below 29.74 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 41/100

Evidence alignment, not probability

Pressure is 55/100 toward calls; conviction uses its strength, while the signal label carries its direction.

Directional pressure55 × 42%
+23.3

How strongly activity leans toward calls or puts.

Participation19 × 22%
+4.1

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

Trend agreement33 × 26%
+8.6

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

Volatility54 × 10%
+5.4

The intensity of implied volatility and the priced move.

Reconstructed score41.4Matches stored calculation

Positioning by Strike

Where open interest and current activity concentrate

Full strike map

The largest call open-interest concentration is 30.00; 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
1
15.00-50.6%
0
5
17.50-42.4%
0
0
20.00-34.1%
0
0
22.50-25.9%
0
12
25.00-17.7%
1
41
30.00-1.2%
365
0
35.0015.2%
142
Nearest spot strike Max pain strikeBars show relative OI within this expiry

Gamma Profile by Strike

Positive gamma proxy

Model-estimated Greeks · 100% coverage

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+$126,465Delta change / 1% move
Positive peak30.00+$116,674
Negative peak25.00-$890
Nearest balance25.04Interpolated sign change
StrikeNegativePositiveNet / 1% move
15.00-50.6%
+$0
17.50-42.4%
-$49
22.50-25.9%
+$153
25.00-17.7%
-$890
30.00-1.2%
+$116,674
35.0015.2%
+$10,374
40.0031.7%
+$182
45.0048.2%
+$20
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

Front-loaded volatility

1.72× front/back

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

0.65 21 Aug 9d
0.58 20 Nov 100d
0.38 19 Feb 191d

Volatility by Strike

Downside protection premium

Nearest expiry, within 20% of spot

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

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

High

A96/100
Retained chain100%
Implied volatility100%
Two-sided quotes100%
Open interest100%
Chain status
Complete available chain
Market date
12 Aug 2026
Calculation
v2.0
Contracts
29 / 29
  • 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

65/100
Primary intent Multi-expiry position-maintenance candidate

Activity is spread across expirations with heavier open interest than current volume, which can be consistent with position maintenance.

Flow vs price divergence Bullish flow against weak price

Options are leaning call-side while the stock is down on the week, a divergence that needs price confirmation.

Why this matters

Multi-expiry position-maintenance candidate matters because it connects the options headline to the actual evidence: $27,960 of estimated gross traded notional, calls · 8-21 days · itm, and a bullish flow against weak price backdrop. Use it as a research priority signal, then validate the chart, liquidity, event calendar, and risk before acting.

Options pressure+55
1W price-3.6%
Call premium92%
Put premium8%
Notional split C 92% / P 8% Estimated gross traded notional uses volume × contract multiplier × midpoint, or last price when no valid midpoint is available.
Freshness 0.12 Volume divided by open interest across the visible chain.
Trend fit 33/100 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.
Conviction clusters Calls · 8-21 days · ITM
Calls · 8-21 days · ITM calls cluster with 16 contracts traded, $16,504 estimated gross traded notional, and 59% of visible notional.
$16,504
Calls · 91+ days · ITM calls cluster with 7 contracts traded, $6,875 estimated gross traded notional, and 25% of visible notional.
$6,875
Puts · 91+ days · OTM puts cluster with 21 contracts traded, $1,172 estimated gross traded notional, and 4% of visible notional.
$1,172
Calls · 91+ days · ATM calls cluster with 6 contracts traded, $1,035 estimated gross traded notional, and 4% of visible notional.
$1,035
Puts · 91+ days · ATM puts cluster with 4 contracts traded, $910 estimated gross traded notional, and 3% of visible notional.
$910

Setup Classification

Opportunity and risk frame

Context, not advice
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

Above normal

67

Activity is running above the recent historical baseline.

Baseline: 11 completed sessions

Volume rank64th
Volume/OI rank64th
IV rank73th

Market Context

Underlying confirmation

Sharemaestro weekly
Close30.37
1W-3.6%
RS-4.0
Fair value+23.5%
Options pressure55
Speculation19
Volatility54
Trend fit33

Today Versus Normal

Stored-options context

View history
Expected move 2.1% muted
30d avg 4.6% · 11 sessions 0th
90d avg - · 11/30 sessions -
180d avg - · 11/60 sessions -
IV 0.65 near normal
30d avg 0.49 · 11 sessions 73th
90d avg - · 11/30 sessions -
180d avg - · 11/60 sessions -
Put-call 0.38 elevated
30d avg 0.19 · 10 sessions 90th
90d avg - · 10/30 sessions -
180d avg - · 10/60 sessions -
Volume/OI 0.12 near normal
30d avg 0.09 · 11 sessions 64th
90d avg - · 11/30 sessions -
180d avg - · 11/60 sessions -

Pressure Trail

Recent pressure and volatility

Open trail
29 Jul 10:28 Bullish
Pressure 56
Move 6.9%
30 Jul 10:24 Bullish
Pressure 100
Move 6.4%
31 Jul 02:30 Bullish
Pressure 100
Move 5.6%
31 Jul 03:44 Bullish
Pressure 100
Move 5.6%
31 Jul 13:38 Bullish
Pressure 100
Move 5.1%
4 Aug 10:13 Mixed
Pressure 10
Move 5.8%
5 Aug 10:45 Bullish
Pressure 75
Move 5.1%
5 Aug 23:32 Bullish
Pressure 97
Move 4.2%

Strike Map

Where activity is clustering

Full strike map
Strike15.00
Calls · V 2 · OI 0
Puts · V 1 · OI 1
Strike17.50
Calls · V 5 · OI 0
Puts · V 1 · OI 5
Strike20.00
Calls · V 3 · OI 0
Puts · V 0 · OI 0
Strike22.50
Calls · V 5 · OI 0
Puts · V 0 · OI 0
Strike25.00
Calls · V 1 · OI 1
Puts · V 2 · OI 12
Strike30.00
Calls · V 22 · OI 365
Puts · V 1 · OI 41
Strike35.00
Calls · V 12 · OI 142
Puts · V 0 · OI 0

Term Structure

Expiration activity

Volume and IV
Expiry21 Aug 2026
Contracts11
Avg IV0.65
Put-call0.10
Expiry20 Nov 2026
Contracts8
Avg IV0.58
Put-call0.05
Expiry19 Feb 2027
Contracts10
Avg IV0.38
Put-call2.40

Skew

Call/put IV balance

OTM demand
21 Aug 2026Call IV premium
Call IV0.50
Put IV0.23
Skew-0.27
20 Nov 2026Call IV premium
Call IV0.38
Put IV0.28
Skew-0.10
19 Feb 2027Put IV premium
Call IV0.29
Put IV0.41
Skew0.12

Contract Tape

Most active contracts

Full contract tape
ContractBRX270219P00035000
SidePut
Expiry19 Feb 2027
Strike35.00
Volume-
OI30
IV0.41
ContractBRX270219C00022500
SideCall
Expiry19 Feb 2027
Strike22.50
Volume-
OI5
IV0.62
ContractBRX270219C00040000
SideCall
Expiry19 Feb 2027
Strike40.00
Volume-
OI3
IV0.39
ContractBRX270219C00025000
SideCall
Expiry19 Feb 2027
Strike25.00
Volume-
OI1
IV0.37
ContractBRX261120C00045000
SideCall
Expiry20 Nov 2026
Strike45.00
Volume-
OI1
IV0.56
ContractBRX261120P00045000
SidePut
Expiry20 Nov 2026
Strike45.00
Volume-
OI-
IV0.64
ContractBRX270219P00045000
SidePut
Expiry19 Feb 2027
Strike45.00
Volume-
OI-
IV0.60
ContractBRX260821C00030000
SideCall
Expiry21 Aug 2026
Strike30.00
Volume22
OI365
IV0.21

Evidence context