Ticker Options Intelligence

DKL options intelligence

Delek Logistics Partners LP options pressure, expected move, strike concentration, and Sharemaestro trend context.

Conviction 61 Market data through 31 Jul 2026 Checked 2 Aug 2026 01:00 · complete available chain

Speculative participation surge

Bullish pressure

DKL currently carries bullish options pressure with a 61/100 conviction score. The nearest-chain expected move is 4.5%, with volume/open-interest participation at 1.37.

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

Speculative participation surge

Expected move 4.5%

Near-term move context

Activity / OI 1.37

Current volume is elevated versus prior open interest

Put-call 0.01

Call-side skew

Trend fit 0

Options are not fully confirming trend

Weekly backdrop +5.5%

RS 17.2

Expected move 4.5%
Put-call volume 0.01
Volume / OI 1.37
Reference IV 0.21
Max pain 50.00
Underlying 60.31
Nearest expiry 21 Aug 2026
Contracts 86

Research Brief

DKL has a bullish chain read with 61/100 evidence alignment.

The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 57.59–63.03; The largest call open-interest concentration is 55.00; the largest put concentration is 50.00. The most active strike by current volume is 55.00.

Priced range57.59–63.03
Call concentration55.00
Put concentration50.00
Max pain reference50.00
What would confirm it
  • Price holds or improves while call-side concentration remains elevated.
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 57.59 to 63.03. Max pain at 50.00 lies outside the priced range, so it is a weak near-term anchor.

Spot Max pain
57.5960.31 ± 2.7263.03
Confirmation level

A close beyond 63.03 or below 57.59 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 61/100

Evidence alignment, not probability

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

Directional pressure100 × 42%
+42.0

How strongly activity leans toward calls or puts.

Participation72 × 22%
+15.8

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.

Volatility33 × 10%
+3.3

The intensity of implied volatility and the priced move.

Reconstructed score61.0Matches stored calculation

Positioning by Strike

Where open interest and current activity concentrate

Full strike map

The largest call open-interest concentration is 55.00; the largest put concentration is 50.00. The most active strike by current volume is 55.00. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.

Put open interestStrikeCall open interest
0
22.50-62.7%
0
0
25.00-58.5%
0
0
30.00-50.3%
0
3
35.00-42.0%
0
45
40.00-33.7%
0
23
45.00-25.4%
1
188
50.00-17.1%
758
20
55.00-8.8%
1429
6
60.00-0.5%
642
1
65.007.8%
203
Nearest spot strike Max pain strikeBars show relative OI within this expiry

Volatility Curve

Back-loaded volatility

0.77× front/back

Longer-dated options carry more implied volatility than the front expiry, so risk is priced farther out.

0.21 21 Aug 21d
0.21 18 Sep 49d
0.28 20 Nov 112d
0.27 19 Feb 203d

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.

50
55
60
65
Put IV Call IV

Historical Replay

How matured reads behaved through expiry

0 directional observations

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
  • 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

A97/100
Retained chain100%
Implied volatility100%
Two-sided quotes100%
Open interest100%
Chain status
Complete available chain
Market date
31 Jul 2026
Calculation
v2.0
Contracts
86 / 86
  • 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

Earnings/event positioning

80/100
Primary intent Earnings/event positioning

Options activity is concentrated around a live event window, so the cleanest read is event positioning rather than pure direction.

Flow vs price divergence Bullish flow confirms price

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

Why this matters

Earnings/event positioning matters because it connects the options headline to the actual evidence: $7.3M of estimated gross traded notional, calls · 8-21 days · itm, 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+100
1W price+5.5%
Call premium98%
Put premium2%
Notional split C 98% / P 2% Estimated gross traded notional uses volume × contract multiplier × midpoint, or last price when no valid midpoint is available.
Freshness 1.37 Volume divided by open interest across the visible chain.
Trend fit 0/100 Agreement between options pressure and Sharemaestro market context.
Event window 5 Aug Matched earnings event is 3 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 Calls · 8-21 days · ITM
Calls · 8-21 days · ITM calls cluster with 9205 contracts traded, $7.1M estimated gross traded notional, and 97% of visible notional.
$7.1M
Puts · 91+ days · ITM puts cluster with 81 contracts traded, $113835 estimated gross traded notional, and 2% of visible notional.
$113835
Calls · 91+ days · ATM calls cluster with 85 contracts traded, $35080 estimated gross traded notional, and 0% of visible notional.
$35080
Calls · 8-21 days · ATM calls cluster with 143 contracts traded, $16802 estimated gross traded notional, and 0% of visible notional.
$16802
Calls · 91+ days · OTM calls cluster with 75 contracts traded, $15375 estimated gross traded notional, and 0% of visible notional.
$15375

Setup Classification

Opportunity and risk frame

Context, not advice
Warning Speculative chase

Participation is active enough to treat follow-through risk carefully.

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.

Warning Bullish pressure over fair value

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

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
Close60.31
1W+5.5%
RS17.2
Fair value+54.8%
Options pressure100
Speculation72
Volatility33
Trend fit0

Today Versus Normal

Stored-options context

View history
Expected move 4.5% history building
30d avg - · 3/10 sessions -
90d avg - · 3/30 sessions -
180d avg - · 3/60 sessions -
IV 0.21 history building
30d avg - · 3/10 sessions -
90d avg - · 3/30 sessions -
180d avg - · 3/60 sessions -
Put-call 0.01 history building
30d avg - · 3/10 sessions -
90d avg - · 3/30 sessions -
180d avg - · 3/60 sessions -
Volume/OI 1.37 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 10:56 Bullish
Pressure 100
Move 6.6%
30 Jul 10:46 Bullish
Pressure 100
Move 5.6%
31 Jul 10:31 Bullish
Pressure 100
Move 8.3%
2 Aug 00:00 Bullish
Pressure 100
Move 4.5%

Strike Map

Where activity is clustering

Full strike map
Strike22.50
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike25.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike30.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike35.00
Calls · V 0 · OI 0
Puts · V 0 · OI 3
Strike40.00
Calls · V 0 · OI 0
Puts · V 0 · OI 45
Strike45.00
Calls · V 0 · OI 1
Puts · V 0 · OI 23
Strike50.00
Calls · V 4600 · OI 758
Puts · V 0 · OI 188
Strike55.00
Calls · V 4605 · OI 1429
Puts · V 2 · OI 20

Term Structure

Expiration activity

Volume and IV
Expiry21 Aug 2026
Contracts20
Avg IV0.21
Put-call0.01
Expiry18 Sep 2026
Contracts22
Avg IV0.21
Put-call-
Expiry20 Nov 2026
Contracts22
Avg IV0.28
Put-call-
Expiry19 Feb 2027
Contracts22
Avg IV0.27
Put-call0.52

Skew

Call/put IV balance

OTM demand
21 Aug 2026Put IV premium
Call IV0.14
Put IV0.31
Skew0.17
18 Sep 2026Put IV premium
Call IV0.08
Put IV0.33
Skew0.24
20 Nov 2026Put IV premium
Call IV0.20
Put IV0.36
Skew0.16
19 Feb 2027Put IV premium
Call IV0.19
Put IV0.39
Skew0.20

Contract Tape

Most active contracts

Full contract tape
ContractDKL260821C00055000
SideCall
Expiry21 Aug 2026
Strike55.00
Volume4605
OI1429
IV0.01
ContractDKL260821C00050000
SideCall
Expiry21 Aug 2026
Strike50.00
Volume4600
OI758
IV0.01
ContractDKL260821C00060000
SideCall
Expiry21 Aug 2026
Strike60.00
Volume143
OI642
IV0.16
ContractDKL270219C00060000
SideCall
Expiry19 Feb 2027
Strike60.00
Volume81
OI209
IV0.19
ContractDKL270219C00065000
SideCall
Expiry19 Feb 2027
Strike65.00
Volume75
OI76
IV0.19
ContractDKL270219P00070000
SidePut
Expiry19 Feb 2027
Strike70.00
Volume60
OI-
IV0.42
ContractDKL260821P00060000
SidePut
Expiry21 Aug 2026
Strike60.00
Volume58
OI6
IV0.31
ContractDKL270219P00075000
SidePut
Expiry19 Feb 2027
Strike75.00
Volume21
OI13
IV0.47