Ticker Options Intelligence

BBY options intelligence

Best Buy Co. Inc options pressure, expected move, strike concentration, and Sharemaestro trend context.

Conviction 39 Market data through 31 Jul 2026 Checked 1 Aug 2026 23:53 · complete available chain

Options-market disagreement

Mixed pressure

BBY currently carries mixed options pressure with a 39/100 conviction score. The nearest-chain expected move is 3.4%, 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 Mixed

Options-market disagreement

Expected move 3.4%

Near-term move context

Activity / OI 0.02

Current volume is quieter versus prior open interest

Put-call 0.84

Balanced tape

Trend fit 88

Options agree with trend context

Weekly backdrop +1.0%

RS 13.6

Expected move 3.4%
Put-call volume 0.84
Volume / OI 0.02
Reference IV 0.31
Max pain 86.00
Underlying 86.26
Nearest expiry 7 Aug 2026
Contracts 1004

Research Brief

BBY has a mixed chain read with 39/100 evidence alignment.

The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 83.29–89.23; The largest call open-interest concentration is 90.00; the largest put concentration is 86.00. The most active strike by current volume is 83.00.

Priced range83.29–89.23
Call concentration90.00
Put concentration86.00
Max pain reference86.00
What would confirm it
  • A clear directional pressure reading develops and price begins to agree.
  • The current chain read already agrees with the stored weekly trend context.
What would weaken it
  • Volatility falls and the chain remains directionally mixed.

Priced Move

Where the chain says movement becomes exceptional

Size, not direction · through 7 Aug

Options imply 83.29 to 89.23. Max pain at 86.00 sits inside that range, 0.3% below spot.

Spot Max pain
83.2986.26 ± 2.9789.23
Confirmation level

A close beyond 89.23 or below 83.29 at the 7 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 39/100

Evidence alignment, not probability

Pressure is 9/100 toward calls; conviction uses its strength, while the signal label carries its direction.

Directional pressure9 × 42%
+3.6

How strongly activity leans toward calls or puts.

Participation40 × 22%
+8.9

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

Trend agreement88 × 26%
+22.9

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

Volatility36 × 10%
+3.6

The intensity of implied volatility and the priced move.

Reconstructed score39.0Matches stored calculation

Positioning by Strike

Where open interest and current activity concentrate

Full strike map

The largest call open-interest concentration is 90.00; the largest put concentration is 86.00. The most active strike by current volume is 83.00. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.

Put open interestStrikeCall open interest
2
67.00-22.3%
0
0
68.00-21.2%
0
27
77.00-10.7%
4
10
80.00-7.3%
27
20
81.00-6.1%
19
15
82.00-4.9%
22
11
83.00-3.8%
108
90
84.00-2.6%
133
61
85.00-1.5%
67
220
86.00-0.3%
27
34
87.000.9%
57
78
88.002.0%
20
7
89.003.2%
50
68
90.004.3%
257
2
92.006.7%
48
0
95.0010.1%
33
0
100.0015.9%
108
Nearest spot strike Max pain strikeBars show relative OI within this expiry

Volatility Curve

Back-loaded volatility

0.80× front/back

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

0.31 7 Aug 7d
0.32 14 Aug 14d
0.32 21 Aug 21d
0.47 28 Aug 28d
0.44 4 Sep 35d
0.43 11 Sep 42d
0.44 18 Sep 49d
0.40 16 Oct 77d

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.

70
72
73
75
77
78
80
82
83
85
86
88
90
91
93
95
96
98
100
101
103
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 31 Jul 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

A100/100
Retained chain100%
Implied volatility100%
Two-sided quotes100%
Open interest100%
Chain status
Complete available chain
Market date
31 Jul 2026
Calculation
v2.0
Contracts
1004 / 1004
  • 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

74/100
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 No clean flow/price divergence

The options read is mixed, so divergence is not strong enough to classify.

Why this matters

Multi-expiry position-maintenance candidate matters because it connects the options headline to the actual evidence: $567482 of estimated gross traded notional, calls · 0-7 days · itm, and a no clean flow/price divergence backdrop. Use it as a research priority signal, then validate the chart, liquidity, event calendar, and risk before acting.

Options pressure+9
1W price+1.0%
Call premium68%
Put premium32%
Notional split C 68% / P 32% 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 88/100 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 · 0-7 days · ITM
Calls · 0-7 days · ITM calls cluster with 107 contracts traded, $138692 estimated gross traded notional, and 24% of visible notional.
$138692
Calls · 46-90 days · OTM calls cluster with 459 contracts traded, $58642 estimated gross traded notional, and 10% of visible notional.
$58642
Calls · 91+ days · OTM calls cluster with 115 contracts traded, $58235 estimated gross traded notional, and 10% of visible notional.
$58235
Calls · 91+ days · ITM calls cluster with 33 contracts traded, $52790 estimated gross traded notional, and 9% of visible notional.
$52790
Puts · 91+ days · ATM puts cluster with 31 contracts traded, $30180 estimated gross traded notional, and 5% of visible notional.
$30180

Setup Classification

Opportunity and risk frame

Context, not advice
Positive Options-confirmed trend

Positioning agrees with the Sharemaestro trend backdrop.

Warning Crowded strike risk

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

Sharemaestro weekly
Close86.26
1W+1.0%
RS13.6
Fair value+21.8%
Options pressure9
Speculation40
Volatility36
Trend fit88

Today Versus Normal

Stored-options context

View history
Expected move 3.4% history building
30d avg - · 3/10 sessions -
90d avg - · 3/30 sessions -
180d avg - · 3/60 sessions -
IV 0.31 history building
30d avg - · 3/10 sessions -
90d avg - · 3/30 sessions -
180d avg - · 3/60 sessions -
Put-call 0.84 history building
30d avg - · 3/10 sessions -
90d avg - · 3/30 sessions -
180d avg - · 3/60 sessions -
Volume/OI 0.02 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 10:21 Bullish
Pressure 30
Move 6.1%
30 Jul 10:15 Mixed
Pressure -2
Move 7.7%
31 Jul 10:07 Mixed
Pressure -10
Move 4.2%
1 Aug 18:28 Bullish
Pressure 22
Move 3.4%
1 Aug 22:53 Mixed
Pressure 9
Move 3.4%

Strike Map

Where activity is clustering

Full strike map
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 4
Strike64.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike65.00
Calls · V 2 · OI 0
Puts · V 0 · OI 0
Strike66.00
Calls · V 2 · OI 0
Puts · V 0 · OI 0
Strike67.00
Calls · V 30 · OI 0
Puts · V 0 · OI 2

Term Structure

Expiration activity

Volume and IV
Expiry7 Aug 2026
Contracts94
Avg IV0.31
Put-call1.99
Expiry14 Aug 2026
Contracts94
Avg IV0.32
Put-call1.98
Expiry21 Aug 2026
Contracts100
Avg IV0.32
Put-call1.10
Expiry28 Aug 2026
Contracts90
Avg IV0.47
Put-call0.32
Expiry4 Sep 2026
Contracts80
Avg IV0.44
Put-call0.05

Skew

Call/put IV balance

OTM demand
7 Aug 2026Put IV premium
Call IV0.32
Put IV0.40
Skew0.08
14 Aug 2026Balanced skew
Call IV0.32
Put IV0.33
Skew0.01
21 Aug 2026Balanced skew
Call IV0.32
Put IV0.34
Skew0.02
28 Aug 2026Balanced skew
Call IV0.45
Put IV0.45
Skew-
4 Sep 2026Put IV premium
Call IV0.47
Put IV0.56
Skew0.09

Contract Tape

Most active contracts

Full contract tape
ContractBBY260807P00083000
SidePut
Expiry7 Aug 2026
Strike83.00
Volume398
OI11
IV0.40
ContractBBY261016C00105000
SideCall
Expiry16 Oct 2026
Strike105.00
Volume379
OI36
IV0.39
ContractBBY260807C00090000
SideCall
Expiry7 Aug 2026
Strike90.00
Volume71
OI257
IV0.33
ContractBBY260807P00090000
SidePut
Expiry7 Aug 2026
Strike90.00
Volume57
OI68
IV0.01
ContractBBY261016C00110000
SideCall
Expiry16 Oct 2026
Strike110.00
Volume50
OI-
IV0.39
ContractBBY260807C00092000
SideCall
Expiry7 Aug 2026
Strike92.00
Volume39
OI48
IV0.47
ContractBBY260807C00084000
SideCall
Expiry7 Aug 2026
Strike84.00
Volume31
OI133
IV0.32
ContractBBY260807P00088000
SidePut
Expiry7 Aug 2026
Strike88.00
Volume31
OI78
IV0.32

Research Graph

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