Ticker Options Intelligence

HOPE options intelligence

Hope Bancorp Inc options pressure, expected move, strike concentration, and Sharemaestro trend context.

Conviction 34 Market data through 12 Aug 2026 Checked 13 Aug 2026 12:45 · complete available chain

Options-market disagreement

Mixed pressure

HOPE currently carries mixed options pressure with a 34/100 conviction score. The nearest-chain expected move is 10.8%, with volume/open-interest participation at 0.00.

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

Options-market disagreement

Expected move 10.8%

Wider near-term move priced

Activity / OI 0.00

Current volume is quieter versus prior open interest

Put-call -

Balanced tape

Trend fit 85

Options agree with trend context

Weekly backdrop +0.9%

RS 6.4

Expected move 10.8%
Put-call volume -
Volume / OI -
Reference IV 0.69
Max pain 12.50
Underlying 13.99
Nearest expiry 21 Aug 2026
Contracts 80

Research Brief

HOPE 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 12.48–15.50; The largest call open-interest concentration is 2.50; the largest put concentration is 12.50. The most active strike by current volume is 2.50.

Priced range12.48–15.50
Call concentration2.50
Put concentration12.50
Max pain reference12.50
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.
  • 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 12.48 to 15.50. Max pain at 12.50 sits inside that range, 10.7% below spot.

Spot Max pain
12.4813.99 ± 1.5115.50
Confirmation level

A close beyond 15.50 or below 12.48 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 8/100 toward calls; conviction uses its strength, while the signal label carries its direction.

Directional pressure8 × 42%
+3.5

How strongly activity leans toward calls or puts.

Participation0 × 22%
+0.0

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

Trend agreement85 × 26%
+22.1

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

Volatility88 × 10%
+8.8

The intensity of implied volatility and the priced move.

Reconstructed score34.4Matches stored calculation

Positioning by Strike

Where open interest and current activity concentrate

Full strike map

The largest call open-interest concentration is 2.50; the largest put concentration is 12.50. The most active strike by current volume is 2.50. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.

Put open interestStrikeCall open interest
0
2.50-82.1%
2
0
5.00-64.3%
0
0
7.50-46.4%
0
0
10.00-28.5%
0
4
12.50-10.7%
0
0
15.007.2%
0
0
17.5025.1%
0
0
20.0043.0%
0
0
22.5060.8%
0
0
25.0078.7%
0
Nearest spot strike Max pain strikeBars show relative OI within this expiry

Gamma Profile by Strike

Positive gamma proxy

Reported Greeks · 92% coverage

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+$1,145Delta change / 1% move
Positive peak15.00+$714
Negative peak7.50-$11
Nearest balance10.11Interpolated sign change
StrikeNegativePositiveNet / 1% move
7.50-46.4%
-$11
10.00-28.5%
-$9
12.50-10.7%
+$199
15.007.2%
+$714
20.0043.0%
+$251
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

Front-loaded volatility

4.76× front/back

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

0.69 21 Aug 9d
0.34 18 Sep 37d
0.17 18 Dec 128d
0.14 19 Mar 219d

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.

13
15
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

High

A97/100
Retained chain100%
Implied volatility100%
Two-sided quotes100%
Open interest100%
Chain status
Complete available chain
Market date
12 Aug 2026
Calculation
v2.0
Contracts
80 / 80
  • 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

Likely noise

34/100
Primary intent Likely noise

Visible options activity is too thin or mixed to support a strong intent classification.

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

Likely noise matters because it connects the options headline to the actual evidence: $0 of estimated gross traded notional, no dominant cluster, 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+8
1W price+0.9%
Call premium0%
Put premium0%
Notional split C 0% / P 0% 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 85/100 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 No dominant cluster

No high-conviction option cluster is visible in this snapshot.

Setup Classification

Opportunity and risk frame

Context, not advice
Positive Options-confirmed trend

Positioning agrees with the Sharemaestro trend backdrop.

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

Normal range

47

Activity is broadly in line with recent stored snapshots.

Baseline: 10 completed sessions

Volume rank30th
Volume/OI rank30th
IV rank80th

Market Context

Underlying confirmation

Sharemaestro weekly
Close13.99
1W+0.9%
RS6.4
Fair value+32.2%
Options pressure8
Speculation0
Volatility88
Trend fit85

Today Versus Normal

Stored-options context

View history
Expected move 10.8% elevated
30d avg 9.6% · 10 sessions 80th
90d avg - · 10/30 sessions -
180d avg - · 10/60 sessions -
IV 0.69 elevated
30d avg 0.71 · 10 sessions 80th
90d avg - · 10/30 sessions -
180d avg - · 10/60 sessions -
Put-call - history building
30d avg - · 6/10 sessions -
90d avg - · 6/30 sessions -
180d avg - · 6/60 sessions -
Volume/OI 0.00 near normal
30d avg 0.14 · 10 sessions 30th
90d avg - · 10/30 sessions -
180d avg - · 10/60 sessions -

Pressure Trail

Recent pressure and volatility

Open trail
29 Jul 11:05 Mixed
Pressure 10
Move 9.2%
30 Jul 10:53 Mixed
Pressure 10
Move 9.0%
31 Jul 10:35 Bullish
Pressure 100
Move 9.4%
31 Jul 16:59 Bullish
Pressure 20
Move 17.8%
31 Jul 22:58 Bullish
Pressure 20
Move 17.8%
3 Aug 00:25 Mixed
Pressure 10
Move 9.3%
4 Aug 02:50 Bullish
Pressure 65
Move 9.0%
4 Aug 16:02 Volatility
Pressure 40
Move 15.7%

Strike Map

Where activity is clustering

Full strike map
Strike2.50
Calls · V 0 · OI 2
Puts · V 0 · OI 0
Strike5.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike7.50
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike10.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike12.50
Calls · V 0 · OI 0
Puts · V 0 · OI 4
Strike15.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike17.50
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike20.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0

Term Structure

Expiration activity

Volume and IV
Expiry21 Aug 2026
Contracts20
Avg IV0.69
Put-call-
Expiry18 Sep 2026
Contracts20
Avg IV0.34
Put-call-
Expiry18 Dec 2026
Contracts20
Avg IV0.17
Put-call-
Expiry19 Mar 2027
Contracts20
Avg IV0.14
Put-call-

Skew

Call/put IV balance

OTM demand
21 Aug 2026Put IV premium
Call IV0.19
Put IV0.45
Skew0.26
18 Sep 2026Put IV premium
Call IV0.08
Put IV0.23
Skew0.15
18 Dec 2026Put IV premium
Call IV0.04
Put IV0.13
Skew0.09
19 Mar 2027Put IV premium
Call IV0.02
Put IV0.10
Skew0.08

Contract Tape

Most active contracts

Full contract tape
ContractHOPE260918C00020000
SideCall
Expiry18 Sep 2026
Strike20.00
Volume-
OI72
IV0.46
ContractHOPE260918C00012500
SideCall
Expiry18 Sep 2026
Strike12.50
Volume-
OI19
IV0.32
ContractHOPE260918P00007500
SidePut
Expiry18 Sep 2026
Strike7.50
Volume-
OI10
IV0.88
ContractHOPE261218P00012500
SidePut
Expiry18 Dec 2026
Strike12.50
Volume-
OI9
IV0.13
ContractHOPE260918C00015000
SideCall
Expiry18 Sep 2026
Strike15.00
Volume-
OI7
IV0.08
ContractHOPE270319P00010000
SidePut
Expiry19 Mar 2027
Strike10.00
Volume-
OI4
IV0.22
ContractHOPE260821P00012500
SidePut
Expiry21 Aug 2026
Strike12.50
Volume-
OI4
IV0.45
ContractHOPE261218C00015000
SideCall
Expiry18 Dec 2026
Strike15.00
Volume-
OI4
IV0.04

Evidence context