Ticker Options Intelligence

ERIC options intelligence

Telefonaktiebolaget LM Ericsson B ADR options pressure, expected move, strike concentration, and Sharemaestro trend context.

Conviction 28 Market data through 11 Aug 2026 Checked 12 Aug 2026 12:01 · complete available chain

Options-market disagreement

Mixed pressure

ERIC currently carries mixed options pressure with a 28/100 conviction score. The nearest-chain expected move is 4.9%, with volume/open-interest participation at 0.01.

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

Options-market disagreement

Expected move 4.9%

Near-term move context

Activity / OI 0.01

Current volume is quieter versus prior open interest

Put-call 0.83

Balanced tape

Trend fit 42

Options are not fully confirming trend

Weekly backdrop +3.5%

RS -12.5

Expected move 4.9%
Put-call volume 0.83
Volume / OI 0.01
Reference IV 0.39
Max pain 11.00
Underlying 10.15
Nearest expiry 21 Aug 2026
Contracts 136

Research Brief

ERIC has a mixed chain read with 28/100 evidence alignment.

The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 9.65–10.65; The largest call open-interest concentration is 11.00; the largest put concentration is 11.00. The most active strike by current volume is 10.00.

Priced range9.65–10.65
Call concentration11.00
Put concentration11.00
Max pain reference11.00
What would confirm it
  • A clear directional pressure reading develops and price begins to agree.
What would weaken it
  • Volatility falls and the chain remains directionally mixed.
  • 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 9.65 to 10.65. Max pain at 11.00 lies outside the priced range, so it is a weak near-term anchor.

Spot Max pain
9.6510.15 ± 0.5010.65
Confirmation level

A close beyond 10.65 or below 9.65 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 28/100

Evidence alignment, not probability

Pressure is 17/100 toward calls; conviction uses its strength, while the signal label carries its direction.

Directional pressure17 × 42%
+7.1

How strongly activity leans toward calls or puts.

Participation24 × 22%
+5.2

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

Trend agreement42 × 26%
+10.9

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

Volatility47 × 10%
+4.7

The intensity of implied volatility and the priced move.

Reconstructed score27.9Matches stored calculation

Positioning by Strike

Where open interest and current activity concentrate

Full strike map

The largest call open-interest concentration is 11.00; the largest put concentration is 11.00. The most active strike by current volume is 10.00. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.

Put open interestStrikeCall open interest
0
4.00-60.6%
0
0
5.00-50.7%
0
0
6.00-40.9%
0
0
7.00-31.0%
8
9
8.00-21.2%
3
215
9.00-11.3%
25
1769
10.00-1.5%
775
1980
11.008.4%
2142
1
12.0018.2%
729
1
13.0028.1%
778
1
14.0037.9%
36
3
15.0047.8%
4
0
16.0057.6%
70
0
17.0067.5%
0
0
18.0077.3%
0
2
19.0087.2%
0
0
20.0097.0%
1
Nearest spot strike Max pain strikeBars show relative OI within this expiry

Gamma Profile by Strike

Balanced gamma proxy

Reported + model-estimated Greeks · 96% coverage

Call- and put-side gamma sensitivity is broadly balanced across the retained chain. Individual strike concentrations may still matter more than the chain-wide net.

Net profile+$75,778Delta change / 1% move
Positive peak12.00+$115,794
Negative peak10.00-$145,307
Nearest balance11.08Interpolated sign change
StrikeNegativePositiveNet / 1% move
5.00-50.7%
+$4
6.00-40.9%
+$233
7.00-31.0%
+$214
8.00-21.2%
-$1,383
9.00-11.3%
-$25,562
10.00-1.5%
-$145,307
11.008.4%
-$9,577
12.0018.2%
+$115,794
13.0028.1%
+$20,738
14.0037.9%
+$88,916
15.0047.8%
+$17,364
16.0057.6%
+$6,771
17.0067.5%
+$3,544
18.0077.3%
+$603
19.0087.2%
+$718
20.0097.0%
+$2,707
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

1.10× front/back

Near- and longer-dated implied volatility are broadly aligned; no exceptional front-expiry premium is visible.

0.39 21 Aug 10d
0.33 18 Sep 38d
0.42 16 Oct 66d
0.35 15 Jan 157d

Volatility by Strike

Balanced wings

Nearest expiry, within 20% of spot

Comparable upside calls and downside puts carry broadly similar implied volatility.

9
10
11
12
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

Usable with limits

C69/100
Retained chain100%
Implied volatility100%
Two-sided quotes100%
Open interest100%
Chain status
Complete available chain
Market date
11 Aug 2026
Calculation
v2.0
Contracts
136 / 136
  • 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

Put-heavy activity

65/100
Primary intent Put-heavy activity

Put-side activity dominates. This can reflect hedging or directional positioning, but the chain alone cannot distinguish buying from selling.

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

Put-heavy activity matters because it connects the options headline to the actual evidence: $37,850 of estimated gross traded notional, puts · 91+ 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+17
1W price+3.5%
Call premium25%
Put premium75%
Notional split C 25% / P 75% Estimated gross traded notional uses volume × contract multiplier × midpoint, or last price when no valid midpoint is available.
Freshness 0.01 Volume divided by open interest across the visible chain.
Trend fit 42/100 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.
Conviction clusters Puts · 91+ days · ITM
Puts · 91+ days · ITM puts cluster with 185 contracts traded, $27,288 estimated gross traded notional, and 72% of visible notional.
$27,288
Calls · 46-90 days · ATM calls cluster with 57 contracts traded, $3,705 estimated gross traded notional, and 10% of visible notional.
$3,705
Calls · 91+ days · OTM calls cluster with 45 contracts traded, $1,802 estimated gross traded notional, and 5% of visible notional.
$1,802
Puts · 91+ days · OTM puts cluster with 26 contracts traded, $1,170 estimated gross traded notional, and 3% of visible notional.
$1,170
Calls · 46-90 days · OTM calls cluster with 42 contracts traded, $1,135 estimated gross traded notional, and 3% of visible notional.
$1,135

Setup Classification

Opportunity and risk frame

Context, not advice
Neutral Context building

The signal is live, but the strongest framework tags are still developing.

Activity Anomaly

Normal range

37

Activity is broadly in line with recent stored snapshots.

Baseline: 10 completed sessions

Volume rank10th
Volume/OI rank10th
IV rank90th

Market Context

Underlying confirmation

Sharemaestro weekly
Close10.15
1W+3.5%
RS-12.5
Fair value+33.0%
Options pressure17
Speculation24
Volatility47
Trend fit42

Today Versus Normal

Stored-options context

View history
Expected move 4.9% muted
30d avg 6.4% · 10 sessions 10th
90d avg - · 10/30 sessions -
180d avg - · 10/60 sessions -
IV 0.39 elevated
30d avg 0.35 · 10 sessions 90th
90d avg - · 10/30 sessions -
180d avg - · 10/60 sessions -
Put-call 0.83 near normal
30d avg 1.58 · 10 sessions 40th
90d avg - · 10/30 sessions -
180d avg - · 10/60 sessions -
Volume/OI 0.01 muted
30d avg 0.04 · 10 sessions 10th
90d avg - · 10/30 sessions -
180d avg - · 10/60 sessions -

Pressure Trail

Recent pressure and volatility

Open trail
29 Jul 10:10 Bullish
Pressure 92
Move 8.6%
30 Jul 10:06 Mixed
Pressure 0
Move 8.4%
31 Jul 00:11 Mixed
Pressure 15
Move 6.2%
31 Jul 10:01 Bearish
Pressure -66
Move 6.2%
1 Aug 10:05 Mixed
Pressure 10
Move 6.4%
4 Aug 10:03 Bullish
Pressure 100
Move 5.9%
5 Aug 10:11 Bullish
Pressure 100
Move 5.6%
6 Aug 10:11 Bullish
Pressure 86
Move 4.3%

Strike Map

Where activity is clustering

Full strike map
Strike4.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike5.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike6.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike7.00
Calls · V 0 · OI 8
Puts · V 0 · OI 0
Strike8.00
Calls · V 0 · OI 3
Puts · V 0 · OI 9
Strike9.00
Calls · V 0 · OI 25
Puts · V 0 · OI 215
Strike10.00
Calls · V 34 · OI 775
Puts · V 1 · OI 1769
Strike11.00
Calls · V 0 · OI 2142
Puts · V 0 · OI 1980

Term Structure

Expiration activity

Volume and IV
Expiry21 Aug 2026
Contracts34
Avg IV0.39
Put-call0.03
Expiry18 Sep 2026
Contracts34
Avg IV0.33
Put-call-
Expiry16 Oct 2026
Contracts34
Avg IV0.42
Put-call-
Expiry15 Jan 2027
Contracts34
Avg IV0.35
Put-call4.08

Skew

Call/put IV balance

OTM demand
21 Aug 2026Balanced skew
Call IV0.31
Put IV0.32
Skew0.01
18 Sep 2026Balanced skew
Call IV0.35
Put IV0.31
Skew-0.04
16 Oct 2026Put IV premium
Call IV0.35
Put IV0.60
Skew0.25
15 Jan 2027Balanced skew
Call IV0.36
Put IV0.38
Skew0.02

Contract Tape

Most active contracts

Full contract tape
ContractERIC270115P00011000
SidePut
Expiry15 Jan 2027
Strike11.00
Volume185
OI1400
IV0.39
ContractERIC260918C00012000
SideCall
Expiry18 Sep 2026
Strike12.00
Volume65
OI22
IV0.28
ContractERIC261016C00010000
SideCall
Expiry16 Oct 2026
Strike10.00
Volume57
OI821
IV0.35
ContractERIC261016C00011000
SideCall
Expiry16 Oct 2026
Strike11.00
Volume41
OI742
IV0.35
ContractERIC260821C00010000
SideCall
Expiry21 Aug 2026
Strike10.00
Volume34
OI775
IV0.43
ContractERIC270115P00009000
SidePut
Expiry15 Jan 2027
Strike9.00
Volume26
OI1542
IV0.38
ContractERIC270115C00011000
SideCall
Expiry15 Jan 2027
Strike11.00
Volume21
OI1350
IV0.33
ContractERIC270115C00012000
SideCall
Expiry15 Jan 2027
Strike12.00
Volume13
OI7137
IV0.36

Evidence context