Primary read
Bullish
Call-side pressure
Ticker Options Intelligence
BBAR options intelligence
BBVA Banco Frances SA ADR options pressure, expected move, strike concentration, and Sharemaestro trend context.
Conviction
40
Market data through 31 Jul 2026
Checked 2 Aug 2026 15:28 · complete available chain
Call-side pressure
Bullish pressure
BBAR currently carries bullish options pressure with a 40/100 conviction score. The nearest-chain expected move is 15.2%, with volume/open-interest participation at 0.00.
Expected move
15.2%
Wider near-term move priced
Activity / OI
0.00
Current volume is quieter versus prior open interest
Put-call
0.50
Call-side skew
Trend fit
61
Options agree with trend context
Weekly backdrop
+0.4%
RS 12.8
Expected move
15.2%
Put-call volume
0.50
Volume / OI
0.00
Reference IV
0.69
Max pain
19.00
Underlying
18.93
Nearest expiry
21 Aug 2026
Contracts
158
Research Brief
BBAR has a bullish chain read with 40/100 evidence alignment.
The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 16.05–21.81; The largest call open-interest concentration is 22.00; the largest put concentration is 17.00. The most active strike by current volume is 19.00.
Priced range16.05–21.81
Call concentration22.00
Put concentration17.00
Max pain reference19.00
- Price holds or improves while call-side concentration remains elevated.
- The current chain read already agrees with the stored weekly trend context.
- Price weakens while call pressure fades or reverses toward puts.
Priced Move
Where the chain says movement becomes exceptional
Options imply 16.05 to 21.81. Max pain at 19.00 sits inside that range, 0.4% above spot.
Spot
Max pain
16.0518.93 ± 2.8821.81
Confirmation level
A close beyond 21.81 or below 16.05 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 40/100
Pressure is 35/100 toward calls; conviction uses its strength, while the signal label carries its direction.
Directional pressure35 × 42%
+14.8
How strongly activity leans toward calls or puts.
Participation0 × 22%
+0.0
Volume relative to existing open interest and contract-level activity.
Trend agreement61 × 26%
+15.9
How closely the chain read agrees with the underlying trend backdrop.
Volatility89 × 10%
+8.9
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 22.00; the largest put concentration is 17.00. The most active strike by current volume is 19.00. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.
Put open interestStrikeCall open interest
6
12.00-36.6%
0
4
13.00-31.3%
0
260
14.00-26.0%
1
220
15.00-20.8%
0
50
16.00-15.5%
1
454
17.00-10.2%
0
183
18.00-4.9%
4
313
19.000.4%
3
4
20.005.7%
22
5
21.0010.9%
5
0
22.0016.2%
1063
0
23.0021.5%
190
0
24.0026.8%
62
0
25.0032.1%
60
0
26.0037.3%
0
0
27.0042.6%
0
0
28.0047.9%
0
Nearest spot strike Max pain strikeBars show relative OI within this expiry
Gamma Profile by Strike
Positive gamma proxy
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+$122,123Delta change / 1% move
Positive peak20.00+$78,001
Negative peak17.00-$20,178
Nearest balance19.09Interpolated sign change
StrikeNegativePositiveNet / 1% move
5.00-73.6%
-$874
7.00-63.0%
-$169
8.00-57.7%
+$9
9.00-52.5%
-$1
10.00-47.2%
-$3,134
11.00-41.9%
-$35
12.00-36.6%
+$955
13.00-31.3%
-$67
14.00-26.0%
-$5,867
15.00-20.8%
-$870
16.00-15.5%
+$4,386
17.00-10.2%
-$20,178
18.00-4.9%
+$14,502
19.000.4%
-$7,683
20.005.7%
+$78,001
21.0010.9%
+$39,487
22.0016.2%
+$14,082
23.0021.5%
+$1,920
24.0026.8%
+$446
25.0032.1%
+$5,110
30.0058.5%
+$1,994
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
Near- and longer-dated implied volatility are broadly aligned; no exceptional front-expiry premium is visible.
0.69
21 Aug
21d
0.71
18 Sep
49d
0.64
16 Oct
77d
0.66
15 Jan
168d
Volatility by Strike
Downside protection premium
Out-of-the-money puts carry higher implied volatility than comparable calls, indicating richer downside protection.
16
17
18
19
20
21
22
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
- 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
Retained chain100%
Implied volatility100%
Two-sided quotes100%
Open interest100%
- Chain status
- Complete available chain
- Market date
- 31 Jul 2026
- Calculation
- v2.0
- Contracts
- 158 / 158
- 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.
Call-side pressure is building before a meaningful weekly price response.
Earnings/event positioning matters because it connects the options headline to the actual evidence: $1,618 of estimated gross traded notional, calls · 91+ days · itm, and a bullish flow before price confirmation backdrop. Use it as a research priority signal, then validate the chart, liquidity, event calendar, and risk before acting.
Options pressure+35
1W price+0.4%
Call premium91%
Put premium9%
Notional split
C 91% / P 9%
Estimated gross traded notional uses volume × contract multiplier × midpoint, or last price when no valid midpoint is available.
Freshness
0.00
Volume divided by open interest across the visible chain.
Trend fit
61/100
Agreement between options pressure and Sharemaestro market context.
Event window
19 Aug
Matched earnings event is 15 days away.
Aggregate chain data does not identify trade aggressor or opening versus closing activity; call/put concentration is not proof of market direction.
Calls · 91+ days · ITM
calls cluster with 2 contracts traded, $1,480 estimated gross traded notional, and 91% of visible notional.
$1,480
Puts · 8-21 days · ATM
puts cluster with 1 contracts traded, $138 estimated gross traded notional, and 9% of visible notional.
$138
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.
Underlying price is close to the max-pain zone.
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
Close18.93
1W+0.4%
RS12.8
Fair value+50.5%
Options pressure35
Speculation0
Volatility89
Trend fit61
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 - · 2/10 sessions
-
90d avg - · 2/30 sessions
-
180d avg - · 2/60 sessions
-
30d avg - · 3/10 sessions
-
90d avg - · 3/30 sessions
-
180d avg - · 3/60 sessions
-
Pressure Trail
Recent pressure and volatility
29 Jul 10:50
Bearish
Pressure -57
Move 11.8%
30 Jul 10:41
Volatility
Pressure -98
Move 18.2%
30 Jul 15:27
Volatility
Pressure -31
Move 13.4%
30 Jul 19:50
Volatility
Pressure -31
Move 13.4%
31 Jul 17:05
Volatility
Pressure -31
Move 12.3%
31 Jul 19:07
Volatility
Pressure -31
Move 15.2%
31 Jul 23:07
Volatility
Pressure -31
Move 15.2%
1 Aug 00:02
Volatility
Pressure -31
Move 15.2%
Strike Map
Where activity is clustering
Strike12.00
Calls · V 0 · OI 0
Puts · V 0 · OI 6
Strike13.00
Calls · V 0 · OI 0
Puts · V 0 · OI 4
Strike14.00
Calls · V 0 · OI 1
Puts · V 0 · OI 260
Strike15.00
Calls · V 0 · OI 0
Puts · V 0 · OI 220
Strike16.00
Calls · V 0 · OI 1
Puts · V 0 · OI 50
Strike17.00
Calls · V 0 · OI 0
Puts · V 0 · OI 454
Strike18.00
Calls · V 0 · OI 4
Puts · V 0 · OI 183
Strike19.00
Calls · V 0 · OI 3
Puts · V 1 · OI 313
Term Structure
Expiration activity
Expiry21 Aug 2026
Contracts36
Avg IV0.69
Put-call-
Expiry18 Sep 2026
Contracts34
Avg IV0.71
Put-call-
Expiry16 Oct 2026
Contracts46
Avg IV0.64
Put-call-
Expiry15 Jan 2027
Contracts42
Avg IV0.66
Put-call-
Skew
Call/put IV balance
21 Aug 2026Call IV premium
Call IV0.76
Put IV0.61
Skew-0.15
18 Sep 2026Put IV premium
Call IV0.14
Put IV0.88
Skew0.74
16 Oct 2026Put IV premium
Call IV0.77
Put IV0.97
Skew0.20
15 Jan 2027Put IV premium
Call IV0.61
Put IV0.68
Skew0.07
Contract Tape
Most active contracts
ContractBBAR270115C00013000
SideCall
Expiry15 Jan 2027
Strike13.00
Volume2
OI-
IV0.83
ContractBBAR260821P00019000
SidePut
Expiry21 Aug 2026
Strike19.00
Volume1
OI313
IV0.76
ContractBBAR270115C00020000
SideCall
Expiry15 Jan 2027
Strike20.00
Volume-
OI3504
IV0.61
ContractBBAR261016P00005000
SidePut
Expiry16 Oct 2026
Strike5.00
Volume-
OI2871
IV1.17
ContractBBAR270115P00016000
SidePut
Expiry15 Jan 2027
Strike16.00
Volume-
OI2500
IV0.68
ContractBBAR270115C00021000
SideCall
Expiry15 Jan 2027
Strike21.00
Volume-
OI2234
IV0.63
ContractBBAR270115P00017000
SidePut
Expiry15 Jan 2027
Strike17.00
Volume-
OI2227
IV0.70
ContractBBAR261016C00016000
SideCall
Expiry16 Oct 2026
Strike16.00
Volume-
OI2009
IV0.66
Research Graph
Related research and context
Sharemaestro research
Related News
No recent ticker-specific news yet.
Market Watch
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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.