Primary read
Bullish
Call-side pressure
Ticker Options Intelligence
TGLS options intelligence
Tecnoglass Inc options pressure, expected move, strike concentration, and Sharemaestro trend context.
Conviction
35
Market data through 31 Jul 2026
Checked 1 Aug 2026 09:08 · complete available chain
Call-side pressure
Bullish pressure
TGLS currently carries bullish options pressure with a 35/100 conviction score. The nearest-chain expected move is 14.6%, with volume/open-interest participation at 0.02.
Expected move
14.6%
Wider near-term move priced
Activity / OI
0.02
Current volume is quieter versus prior open interest
Put-call
0.50
Call-side skew
Trend fit
28
Options are not fully confirming trend
Weekly backdrop
-4.1%
RS -23.3
Expected move
14.6%
Put-call volume
0.50
Volume / OI
0.02
Reference IV
0.74
Max pain
45.00
Underlying
45.30
Nearest expiry
21 Aug 2026
Contracts
94
Research Brief
TGLS has a bullish chain read with 35/100 evidence alignment.
The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 38.70–51.90; The largest call open-interest concentration is 55.00; the largest put concentration is 35.00. The most active strike by current volume is 70.00.
Priced range38.70–51.90
Call concentration55.00
Put concentration35.00
Max pain reference45.00
- 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.
- 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
Options imply 38.70 to 51.90. Max pain at 45.00 sits inside that range, 0.7% below spot.
Spot
Max pain
38.7045.30 ± 6.6051.90
Confirmation level
A close beyond 51.90 or below 38.70 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 35/100
Pressure is 40/100 toward calls; conviction uses its strength, while the signal label carries its direction.
Directional pressure40 × 42%
+17.0
How strongly activity leans toward calls or puts.
Participation8 × 22%
+1.9
Volume relative to existing open interest and contract-level activity.
Trend agreement28 × 26%
+7.3
How closely the chain read agrees with the underlying trend backdrop.
Volatility92 × 10%
+9.2
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 55.00; the largest put concentration is 35.00. The most active strike by current volume is 70.00. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.
Put open interestStrikeCall open interest
0
20.00-55.8%
0
0
22.50-50.3%
1
2
25.00-44.8%
0
4
30.00-33.8%
3
45
35.00-22.7%
2
44
40.00-11.7%
12
32
45.00-0.7%
22
6
50.0010.4%
42
12
55.0021.4%
173
0
60.0032.5%
19
0
65.0043.5%
17
0
70.0054.5%
15
0
75.0065.6%
16
0
80.0076.6%
22
Nearest spot strike Max pain strikeBars show relative OI within this expiry
Volatility Curve
Front-loaded volatility
Near-term options are materially richer than later expirations, consistent with concentrated event or immediate-risk pricing.
0.74
21 Aug
21d
0.53
18 Sep
49d
0.55
20 Nov
112d
0.50
19 Feb
203d
Volatility by Strike
Upside optionality premium
Out-of-the-money calls carry higher implied volatility than comparable puts, indicating richer upside optionality.
40
45
50
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
- 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
Retained chain100%
Implied volatility100%
Two-sided quotes100%
Open interest100%
- Chain status
- Complete available chain
- Market date
- 31 Jul 2026
- Calculation
- v2.0
- Contracts
- 94 / 94
- 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
Options activity is concentrated around a live event window, so the cleanest read is event positioning rather than pure direction.
Options are leaning call-side while the stock is down on the week, a divergence that needs price confirmation.
Earnings/event positioning matters because it connects the options headline to the actual evidence: $2058 of estimated gross traded notional, puts · 91+ days · otm, 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+40
1W price-4.1%
Call premium10%
Put premium90%
Notional split
C 10% / P 90%
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
28/100
Agreement between options pressure and Sharemaestro market context.
Event window
6 Aug
Matched earnings event is 5 days away.
Aggregate chain data does not identify trade aggressor or opening versus closing activity; call/put concentration is not proof of market direction.
Puts · 91+ days · OTM
puts cluster with 3 contracts traded, $995 estimated gross traded notional, and 48% of visible notional.
$995
Puts · 8-21 days · ATM
puts cluster with 2 contracts traded, $855 estimated gross traded notional, and 42% of visible notional.
$855
Calls · 8-21 days · OTM
calls cluster with 10 contracts traded, $208 estimated gross traded notional, and 10% of visible notional.
$208
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.
Underlying price is close to the max-pain zone.
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
Close43.44
1W-4.1%
RS-23.3
Fair value-22.6%
Options pressure40
Speculation8
Volatility92
Trend fit28
Today Versus Normal
Stored-options context
30d avg - · 3/10 sessions
-
90d avg - · 3/30 sessions
-
180d avg - · 3/60 sessions
-
30d avg - · 3/10 sessions
-
90d avg - · 3/30 sessions
-
180d avg - · 3/60 sessions
-
30d avg - · 3/10 sessions
-
90d avg - · 3/30 sessions
-
180d avg - · 3/60 sessions
-
30d avg - · 3/10 sessions
-
90d avg - · 3/30 sessions
-
180d avg - · 3/60 sessions
-
Pressure Trail
Recent pressure and volatility
29 Jul 11:01
Bullish
Pressure 44
Move 15.5%
30 Jul 10:50
Bullish
Pressure 60
Move 14.3%
30 Jul 16:26
Bullish
Pressure 78
Move 13.4%
30 Jul 21:49
Bullish
Pressure 78
Move 12.5%
31 Jul 08:01
Volatility
Pressure 97
Move 12.5%
31 Jul 15:08
Bullish
Pressure 78
Move 13.7%
31 Jul 20:28
Bullish
Pressure 76
Move 14.6%
1 Aug 08:08
Bullish
Pressure 40
Move 14.6%
Strike Map
Where activity is clustering
Strike20.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike22.50
Calls · V 0 · OI 1
Puts · V 0 · OI 0
Strike25.00
Calls · V 0 · OI 0
Puts · V 0 · OI 2
Strike30.00
Calls · V 0 · OI 3
Puts · V 0 · OI 4
Strike35.00
Calls · V 0 · OI 2
Puts · V 0 · OI 45
Strike40.00
Calls · V 0 · OI 12
Puts · V 0 · OI 44
Strike45.00
Calls · V 0 · OI 22
Puts · V 2 · OI 32
Strike50.00
Calls · V 1 · OI 42
Puts · V 0 · OI 6
Term Structure
Expiration activity
Expiry21 Aug 2026
Contracts28
Avg IV0.74
Put-call0.20
Expiry18 Sep 2026
Contracts20
Avg IV0.53
Put-call-
Expiry20 Nov 2026
Contracts24
Avg IV0.55
Put-call-
Expiry19 Feb 2027
Contracts22
Avg IV0.50
Put-call-
Skew
Call/put IV balance
21 Aug 2026Call IV premium
Call IV0.79
Put IV0.64
Skew-0.15
18 Sep 2026Balanced skew
Call IV0.57
Put IV0.60
Skew0.03
20 Nov 2026Put IV premium
Call IV0.53
Put IV0.60
Skew0.07
19 Feb 2027Balanced skew
Call IV0.48
Put IV0.52
Skew0.04
Contract Tape
Most active contracts
ContractTGLS260821C00070000
SideCall
Expiry21 Aug 2026
Strike70.00
Volume9
OI15
IV0.73
ContractTGLS260821P00045000
SidePut
Expiry21 Aug 2026
Strike45.00
Volume2
OI32
IV0.82
ContractTGLS270219P00040000
SidePut
Expiry19 Feb 2027
Strike40.00
Volume2
OI2
IV0.48
ContractTGLS260821C00050000
SideCall
Expiry21 Aug 2026
Strike50.00
Volume1
OI42
IV0.79
ContractTGLS261120P00035000
SidePut
Expiry20 Nov 2026
Strike35.00
Volume1
OI6
IV0.60
ContractTGLS260821C00055000
SideCall
Expiry21 Aug 2026
Strike55.00
Volume-
OI173
IV0.73
ContractTGLS261120P00030000
SidePut
Expiry20 Nov 2026
Strike30.00
Volume-
OI64
IV0.71
ContractTGLS261120C00065000
SideCall
Expiry20 Nov 2026
Strike65.00
Volume-
OI59
IV0.59
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
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.