Primary read
Bearish
Put-side pressure
Ticker Options Intelligence
BXP options intelligence
BXP, Inc. options pressure, expected move, strike concentration, and Sharemaestro trend context.
Conviction
45
Market data through 30 Jul 2026
Checked 31 Jul 2026 11:11 · complete available chain
Put-side pressure
Bearish pressure
BXP currently carries bearish options pressure with a 45/100 conviction score. The nearest-chain expected move is 6.5%, with volume/open-interest participation at 0.01.
Expected move
6.5%
Wider near-term move priced
Activity / OI
0.01
Current volume is quieter versus prior open interest
Put-call
5.03
Put-side skew
Trend fit
46
Options are not fully confirming trend
Weekly backdrop
+1.5%
RS -0.3
Expected move
6.5%
Put-call volume
5.03
Volume / OI
0.01
Reference IV
0.28
Max pain
67.50
Underlying
69.11
Nearest expiry
21 Aug 2026
Contracts
204
Research Brief
BXP has a bearish chain read with 45/100 evidence alignment.
The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 64.61–73.61; The largest call open-interest concentration is 67.50; the largest put concentration is 65.00. The most active strike by current volume is 57.50.
Priced range64.61–73.61
Call concentration67.50
Put concentration65.00
Max pain reference67.50
- Price remains weak while put-side concentration persists.
- Price recovers while put pressure fades or reverses toward calls.
- Options and the weekly trend are not yet giving the same message.
Priced Move
Where the chain says movement becomes exceptional
Options imply 64.61 to 73.61. Max pain at 67.50 sits inside that range, 2.3% below spot.
Spot
Max pain
64.6169.11 ± 4.5073.61
Confirmation level
A close beyond 73.61 or below 64.61 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 45/100
Pressure is 62/100 toward puts; conviction uses its strength, while the signal label carries its direction.
Directional pressure62 × 42%
+25.9
How strongly activity leans toward calls or puts.
Participation11 × 22%
+2.4
Volume relative to existing open interest and contract-level activity.
Trend agreement46 × 26%
+11.9
How closely the chain read agrees with the underlying trend backdrop.
Volatility45 × 10%
+4.5
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 67.50; the largest put concentration is 65.00. The most active strike by current volume is 57.50. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.
Put open interestStrikeCall open interest
6
42.50-38.5%
0
0
45.00-34.9%
2
12
47.50-31.3%
0
1
50.00-27.7%
0
26
55.00-20.4%
0
42
57.50-16.8%
0
42
60.00-13.2%
4
29
62.50-9.6%
0
735
65.00-5.9%
40
382
67.50-2.3%
4525
216
70.001.3%
755
5
72.504.9%
103
5
75.008.5%
39
0
77.5012.1%
30
0
80.0015.8%
10
0
85.0023.0%
1
0
90.0030.2%
0
Nearest spot strike Max pain strikeBars show relative OI within this expiry
Volatility Curve
Balanced volatility curve
Near- and longer-dated implied volatility are broadly aligned; no exceptional front-expiry premium is visible.
0.28
21 Aug
22d
0.31
18 Sep
50d
0.30
16 Oct
78d
0.31
15 Jan
169d
Volatility by Strike
Downside protection premium
Out-of-the-money puts carry higher implied volatility than comparable calls, indicating richer downside protection.
58
60
63
65
68
70
73
75
78
80
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
Usable with limits
Retained chain100%
Implied volatility100%
Two-sided quotes100%
Open interest100%
- Chain status
- Complete available chain
- Market date
- 30 Jul 2026
- Calculation
- v2.0
- Contracts
- 204 / 204
- 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.
Put-side pressure is building while price is rising, a cautionary divergence.
Earnings/event positioning matters because it connects the options headline to the actual evidence: $29452 of estimated gross traded notional, calls · 91+ days · atm, and a bearish flow against rising price backdrop. Use it as a research priority signal, then validate the chart, liquidity, event calendar, and risk before acting.
Options pressure-62
1W price+1.5%
Call premium56%
Put premium44%
Notional split
C 56% / P 44%
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
46/100
Agreement between options pressure and Sharemaestro market context.
Event window
4 Aug
Matched earnings event is 2 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 · ATM
calls cluster with 10 contracts traded, $8000 estimated gross traded notional, and 27% of visible notional.
$8000
Puts · 8-21 days · ATM
puts cluster with 36 contracts traded, $4920 estimated gross traded notional, and 17% of visible notional.
$4920
Calls · 46-90 days · ATM
calls cluster with 6 contracts traded, $3690 estimated gross traded notional, and 13% of visible notional.
$3690
Puts · 8-21 days · OTM
puts cluster with 57 contracts traded, $3380 estimated gross traded notional, and 11% of visible notional.
$3380
Puts · 46-90 days · OTM
puts cluster with 96 contracts traded, $2655 estimated gross traded notional, and 9% of visible notional.
$2655
Setup Classification
Opportunity and risk frame
Expected move or upcoming earnings makes the setup more event-sensitive.
Underlying price is close to the max-pain zone.
Activity Anomaly
Warming up
2 of 10 completed market sessions are available. More session history is needed before activity can be compared with a reliable normal.
Baseline: 2 completed sessions
Volume rank-
Volume/OI rank-
IV rank-
Market Context
Underlying confirmation
Close70.12
1W+1.5%
RS-0.3
Fair value+11.4%
Options pressure-62
Speculation11
Volatility45
Trend fit46
Today Versus Normal
Stored-options context
30d avg - · 2/10 sessions
-
90d avg - · 2/30 sessions
-
180d avg - · 2/60 sessions
-
30d avg - · 2/10 sessions
-
90d avg - · 2/30 sessions
-
180d avg - · 2/60 sessions
-
30d avg - · 2/10 sessions
-
90d avg - · 2/30 sessions
-
180d avg - · 2/60 sessions
-
30d avg - · 2/10 sessions
-
90d avg - · 2/30 sessions
-
180d avg - · 2/60 sessions
-
Pressure Trail
Recent pressure and volatility
29 Jul 10:27
Bearish
Pressure -24
Move 6.5%
30 Jul 10:22
Bullish
Pressure 86
Move 7.9%
31 Jul 10:11
Bearish
Pressure -62
Move 6.5%
Strike Map
Where activity is clustering
Strike42.50
Calls · V 0 · OI 0
Puts · V 0 · OI 6
Strike45.00
Calls · V 0 · OI 2
Puts · V 0 · OI 0
Strike47.50
Calls · V 0 · OI 0
Puts · V 0 · OI 12
Strike50.00
Calls · V 0 · OI 0
Puts · V 0 · OI 1
Strike55.00
Calls · V 0 · OI 0
Puts · V 0 · OI 26
Strike57.50
Calls · V 0 · OI 0
Puts · V 55 · OI 42
Strike60.00
Calls · V 0 · OI 4
Puts · V 2 · OI 42
Strike62.50
Calls · V 0 · OI 0
Puts · V 0 · OI 29
Term Structure
Expiration activity
Expiry21 Aug 2026
Contracts38
Avg IV0.28
Put-call5.47
Expiry18 Sep 2026
Contracts46
Avg IV0.31
Put-call-
Expiry16 Oct 2026
Contracts50
Avg IV0.30
Put-call16.00
Expiry15 Jan 2027
Contracts70
Avg IV0.31
Put-call0.92
Skew
Call/put IV balance
21 Aug 2026Put IV premium
Call IV0.26
Put IV0.33
Skew0.07
18 Sep 2026Put IV premium
Call IV0.26
Put IV0.34
Skew0.08
16 Oct 2026Put IV premium
Call IV0.27
Put IV0.36
Skew0.09
15 Jan 2027Put IV premium
Call IV0.27
Put IV0.37
Skew0.10
Contract Tape
Most active contracts
ContractBXP261016P00055000
SidePut
Expiry16 Oct 2026
Strike55.00
Volume81
OI750
IV0.39
ContractBXP260821P00057500
SidePut
Expiry21 Aug 2026
Strike57.50
Volume55
OI42
IV0.74
ContractBXP260821P00070000
SidePut
Expiry21 Aug 2026
Strike70.00
Volume32
OI216
IV0.33
ContractBXP261016P00047500
SidePut
Expiry16 Oct 2026
Strike47.50
Volume15
OI171
IV0.34
ContractBXP270115C00067500
SideCall
Expiry15 Jan 2027
Strike67.50
Volume10
OI266
IV0.26
ContractBXP260821C00070000
SideCall
Expiry21 Aug 2026
Strike70.00
Volume8
OI755
IV0.29
ContractBXP270115P00060000
SidePut
Expiry15 Jan 2027
Strike60.00
Volume7
OI113
IV0.39
ContractBXP261016C00067500
SideCall
Expiry16 Oct 2026
Strike67.50
Volume6
OI73
IV0.26
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.