Ticker Options Intelligence

LBRDA options intelligence

Liberty Broadband Srs A options pressure, expected move, strike concentration, and Sharemaestro trend context.

Conviction 34 Market data through 31 Jul 2026 Checked 31 Jul 2026 16:28 · complete available chain

Options-market disagreement

Mixed pressure

LBRDA currently carries mixed options pressure with a 34/100 conviction score. The nearest-chain expected move is 18.7%, with volume/open-interest participation at 0.81.

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

Options-market disagreement

Expected move 18.7%

Wider near-term move priced

Activity / OI 0.81

Current volume is elevated versus prior open interest

Put-call 0.96

Balanced tape

Trend fit 45

Options are not fully confirming trend

Weekly backdrop +18.0%

RS -35.5

Expected move 18.7%
Put-call volume 0.96
Volume / OI 0.81
Reference IV 0.78
Max pain 30.00
Underlying 28.87
Nearest expiry 21 Aug 2026
Contracts 25

Research Brief

LBRDA has a mixed chain read with 34/100 evidence alignment.

The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 23.47–34.27; The largest call open-interest concentration is 45.00; the largest put concentration is 25.00. The most active strike by current volume is 35.00.

Priced range23.47–34.27
Call concentration45.00
Put concentration25.00
Max pain reference30.00
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.
  • 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

Size, not direction · through 21 Aug

Options imply 23.47 to 34.27. Max pain at 30.00 sits inside that range, 3.9% above spot.

Spot Max pain
23.4728.87 ± 5.4034.27
Confirmation level

A close beyond 34.27 or below 23.47 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 34/100

Evidence alignment, not probability

Pressure is 12/100 toward calls; conviction uses its strength, while the signal label carries its direction.

Directional pressure12 × 42%
+5.0

How strongly activity leans toward calls or puts.

Participation35 × 22%
+7.7

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

Trend agreement45 × 26%
+11.7

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

Volatility95 × 10%
+9.5

The intensity of implied volatility and the priced move.

Reconstructed score33.8Matches stored calculation

Positioning by Strike

Where open interest and current activity concentrate

Full strike map

The largest call open-interest concentration is 45.00; the largest put concentration is 25.00. The most active strike by current volume is 35.00. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.

Put open interestStrikeCall open interest
1
25.00-13.4%
0
1
30.003.9%
0
0
35.0021.2%
1
0
45.0055.9%
5
Nearest spot strike Max pain strikeBars show relative OI within this expiry

Volatility Curve

Front-loaded volatility

1.16× front/back

Near-term options are materially richer than later expirations, consistent with concentrated event or immediate-risk pricing.

0.78 21 Aug 21d
0.48 16 Oct 77d
0.67 15 Jan 168d

Volatility by Strike

Smile incomplete

Nearest expiry, within 20% of spot

There is not enough comparable OTM call and put volatility to classify the smile.

25
30
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 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

A95/100
Retained chain100%
Implied volatility100%
Two-sided quotes100%
Open interest100%
Chain status
Complete available chain
Market date
31 Jul 2026
Calculation
v2.0
Contracts
25 / 25
  • 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

81/100
Primary intent Earnings/event positioning

Options activity is concentrated around a live event window, so the cleanest read is event positioning rather than pure direction.

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

Earnings/event positioning matters because it connects the options headline to the actual evidence: $17800 of estimated gross traded notional, puts · 46-90 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+12
1W price+18.0%
Call premium47%
Put premium53%
Notional split C 47% / P 53% Estimated gross traded notional uses volume × contract multiplier × midpoint, or last price when no valid midpoint is available.
Freshness 0.81 Volume divided by open interest across the visible chain.
Trend fit 45/100 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.
Conviction clusters Puts · 46-90 days · ITM
Puts · 46-90 days · ITM puts cluster with 21 contracts traded, $8845 estimated gross traded notional, and 50% of visible notional.
$8845
Calls · 46-90 days · OTM calls cluster with 21 contracts traded, $6115 estimated gross traded notional, and 34% of visible notional.
$6115
Calls · 46-90 days · ITM calls cluster with 1 contracts traded, $1250 estimated gross traded notional, and 7% of visible notional.
$1250
Calls · 8-21 days · OTM calls cluster with 2 contracts traded, $620 estimated gross traded notional, and 3% of visible notional.
$620
Puts · 91+ days · ITM puts cluster with 1 contracts traded, $430 estimated gross traded notional, and 2% of visible notional.
$430

Setup Classification

Opportunity and risk frame

Context, not advice
Warning Speculative chase

Participation is active enough to treat follow-through risk carefully.

Warning Volatility expansion

The tape is pricing or displaying unusually elevated activity.

Warning Event-risk setup

Expected move or upcoming earnings makes the setup more event-sensitive.

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
Close34.06
1W+18.0%
RS-35.5
Fair value-43.1%
Options pressure12
Speculation35
Volatility95
Trend fit45

Today Versus Normal

Stored-options context

View history
Expected move 18.7% history building
30d avg - · 3/10 sessions -
90d avg - · 3/30 sessions -
180d avg - · 3/60 sessions -
IV 0.78 history building
30d avg - · 3/10 sessions -
90d avg - · 3/30 sessions -
180d avg - · 3/60 sessions -
Put-call 0.96 history building
30d avg - · 2/10 sessions -
90d avg - · 2/30 sessions -
180d avg - · 2/60 sessions -
Volume/OI 0.81 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 10:40 Bearish
Pressure -22
Move 16.2%
30 Jul 10:36 Bullish
Pressure 38
Move 18.5%
31 Jul 10:24 Mixed
Pressure 4
Move 16.2%
31 Jul 13:40 Mixed
Pressure 12
Move 4.1%
31 Jul 15:28 Mixed
Pressure 12
Move 18.7%

Strike Map

Where activity is clustering

Full strike map
Strike25.00
Calls · V 0 · OI 0
Puts · V 0 · OI 1
Strike30.00
Calls · V 0 · OI 0
Puts · V 1 · OI 1
Strike35.00
Calls · V 2 · OI 1
Puts · V 0 · OI 0
Strike45.00
Calls · V 0 · OI 5
Puts · V 0 · OI 0

Term Structure

Expiration activity

Volume and IV
Expiry21 Aug 2026
Contracts4
Avg IV0.78
Put-call0.50
Expiry16 Oct 2026
Contracts13
Avg IV0.48
Put-call1.05
Expiry15 Jan 2027
Contracts8
Avg IV0.67
Put-call0.50

Skew

Call/put IV balance

OTM demand
21 Aug 2026Call IV premium
Call IV1.08
Put IV0.77
Skew-0.31
16 Oct 2026Put IV premium
Call IV0.59
Put IV1.09
Skew0.49
15 Jan 2027Incomplete skew
Call IV0.66
Put IV-
Skew-

Contract Tape

Most active contracts

Full contract tape
ContractLBRDA260821C00045000
SideCall
Expiry21 Aug 2026
Strike45.00
Volume-
OI5
IV0.69
ContractLBRDA261016C00055000
SideCall
Expiry16 Oct 2026
Strike55.00
Volume-
OI4
IV0.65
ContractLBRDA270115C00040000
SideCall
Expiry15 Jan 2027
Strike40.00
Volume-
OI2
IV0.61
ContractLBRDA270115C00025000
SideCall
Expiry15 Jan 2027
Strike25.00
Volume-
OI2
IV0.69
ContractLBRDA270115C00020000
SideCall
Expiry15 Jan 2027
Strike20.00
Volume-
OI1
IV0.78
ContractLBRDA260821P00025000
SidePut
Expiry21 Aug 2026
Strike25.00
Volume-
OI1
IV0.77
ContractLBRDA270115C00030000
SideCall
Expiry15 Jan 2027
Strike30.00
Volume-
OI1
IV0.66
ContractLBRDA270115C00017500
SideCall
Expiry15 Jan 2027
Strike17.50
Volume-
OI1
IV0.77