Primary read
Mixed
Options-market disagreement
Ticker Options Intelligence
BNTX options intelligence
BioNTech SE options pressure, expected move, strike concentration, and Sharemaestro trend context.
Conviction
31
Market data through 31 Jul 2026
Checked 1 Aug 2026 16:13 · complete available chain
Options-market disagreement
Mixed pressure
BNTX currently carries mixed options pressure with a 31/100 conviction score. The nearest-chain expected move is 8.4%, with volume/open-interest participation at 0.02.
Expected move
8.4%
Wider near-term move priced
Activity / OI
0.02
Current volume is quieter versus prior open interest
Put-call
1.10
Balanced tape
Trend fit
72
Options agree with trend context
Weekly backdrop
+1.4%
RS -17.0
Expected move
8.4%
Put-call volume
1.10
Volume / OI
0.02
Reference IV
0.47
Max pain
90.00
Underlying
90.58
Nearest expiry
21 Aug 2026
Contracts
496
Research Brief
BNTX has a mixed chain read with 31/100 evidence alignment.
The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 82.93–98.23; The largest call open-interest concentration is 110.00; the largest put concentration is 87.50. The most active strike by current volume is 90.00.
Priced range82.93–98.23
Call concentration110.00
Put concentration87.50
Max pain reference90.00
- A clear directional pressure reading develops and price begins to agree.
- The current chain read already agrees with the stored weekly trend context.
- Volatility falls and the chain remains directionally mixed.
Priced Move
Where the chain says movement becomes exceptional
Options imply 82.93 to 98.23. Max pain at 90.00 sits inside that range, 0.6% below spot.
Spot
Max pain
82.9390.58 ± 7.6598.23
Confirmation level
A close beyond 98.23 or below 82.93 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 31/100
Pressure is 2/100 toward puts; conviction uses its strength, while the signal label carries its direction.
Directional pressure2 × 42%
+0.8
How strongly activity leans toward calls or puts.
Participation24 × 22%
+5.2
Volume relative to existing open interest and contract-level activity.
Trend agreement72 × 26%
+18.7
How closely the chain read agrees with the underlying trend backdrop.
Volatility67 × 10%
+6.7
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 110.00; the largest put concentration is 87.50. The most active strike by current volume is 90.00. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.
Put open interestStrikeCall open interest
49
60.00-33.8%
0
16
65.00-28.2%
0
15
70.00-22.7%
1
268
75.00-17.2%
0
383
80.00-11.7%
1
186
82.50-8.9%
0
914
85.00-6.2%
11
1235
87.50-3.4%
2
373
90.00-0.6%
1713
36
92.502.1%
19
14
95.004.9%
685
13
97.507.6%
182
18
100.0010.4%
298
73
105.0015.9%
216
0
110.0021.4%
2469
1
115.0027.0%
487
0
120.0032.5%
506
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.
0.47
21 Aug
21d
0.44
18 Sep
49d
0.45
18 Dec
140d
0.45
15 Jan
168d
0.46
19 Mar
231d
0.48
21 May
294d
0.48
20 Aug
385d
0.49
19 Nov
476d
Volatility by Strike
Balanced wings
Comparable upside calls and downside puts carry broadly similar implied volatility.
75
80
83
85
88
90
93
95
98
100
105
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
High
Retained chain100%
Implied volatility100%
Two-sided quotes100%
Open interest100%
- Chain status
- Complete available chain
- Market date
- 31 Jul 2026
- Calculation
- v2.0
- Contracts
- 496 / 496
- 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.
The options read is mixed, so divergence is not strong enough to classify.
Earnings/event positioning matters because it connects the options headline to the actual evidence: $204196 of estimated gross traded notional, puts · 8-21 days · atm, 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-2
1W price+1.4%
Call premium31%
Put premium69%
Notional split
C 31% / P 69%
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
72/100
Agreement between options pressure and Sharemaestro market context.
Event window
3 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.
Puts · 8-21 days · ATM
puts cluster with 325 contracts traded, $108875 estimated gross traded notional, and 53% of visible notional.
$108875
Calls · 91+ days · OTM
calls cluster with 334 contracts traded, $56272 estimated gross traded notional, and 28% of visible notional.
$56272
Puts · 91+ days · ITM
puts cluster with 8 contracts traded, $19320 estimated gross traded notional, and 9% of visible notional.
$19320
Puts · 91+ days · OTM
puts cluster with 44 contracts traded, $8278 estimated gross traded notional, and 4% of visible notional.
$8278
Calls · 8-21 days · OTM
calls cluster with 31 contracts traded, $4970 estimated gross traded notional, and 2% of visible notional.
$4970
Setup Classification
Opportunity and risk frame
Positioning agrees with the Sharemaestro trend backdrop.
The tape is pricing or displaying unusually elevated activity.
Expected move or upcoming earnings makes the setup more event-sensitive.
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
Close90.58
1W+1.4%
RS-17.0
Fair value-10.6%
Options pressure-2
Speculation24
Volatility67
Trend fit72
Today Versus Normal
Stored-options context
30d avg - · 3/10 sessions
-
90d avg - · 3/30 sessions
-
180d avg - · 3/60 sessions
-
30d avg - · 3/10 sessions
-
90d avg - · 3/30 sessions
-
180d avg - · 3/60 sessions
-
30d avg - · 3/10 sessions
-
90d avg - · 3/30 sessions
-
180d avg - · 3/60 sessions
-
30d avg - · 3/10 sessions
-
90d avg - · 3/30 sessions
-
180d avg - · 3/60 sessions
-
Pressure Trail
Recent pressure and volatility
29 Jul 10:15
Bullish
Pressure 37
Move 10.3%
30 Jul 10:12
Bullish
Pressure 33
Move 9.6%
31 Jul 10:05
Bullish
Pressure 31
Move 11.1%
1 Aug 15:13
Mixed
Pressure -2
Move 8.4%
Strike Map
Where activity is clustering
Strike60.00
Calls · V 0 · OI 0
Puts · V 1 · OI 49
Strike65.00
Calls · V 0 · OI 0
Puts · V 0 · OI 16
Strike70.00
Calls · V 0 · OI 1
Puts · V 0 · OI 15
Strike75.00
Calls · V 0 · OI 0
Puts · V 0 · OI 268
Strike80.00
Calls · V 0 · OI 1
Puts · V 0 · OI 383
Strike82.50
Calls · V 0 · OI 0
Puts · V 0 · OI 186
Strike85.00
Calls · V 0 · OI 11
Puts · V 19 · OI 914
Strike87.50
Calls · V 0 · OI 2
Puts · V 0 · OI 1235
Term Structure
Expiration activity
Expiry21 Aug 2026
Contracts40
Avg IV0.47
Put-call10.78
Expiry18 Sep 2026
Contracts66
Avg IV0.44
Put-call2.00
Expiry18 Dec 2026
Contracts60
Avg IV0.45
Put-call0.07
Expiry15 Jan 2027
Contracts72
Avg IV0.45
Put-call0.81
Expiry19 Mar 2027
Contracts44
Avg IV0.46
Put-call-
Skew
Call/put IV balance
21 Aug 2026Call IV premium
Call IV0.54
Put IV0.48
Skew-0.06
18 Sep 2026Balanced skew
Call IV0.47
Put IV0.44
Skew-0.03
18 Dec 2026Balanced skew
Call IV0.46
Put IV0.46
Skew-
15 Jan 2027Balanced skew
Call IV0.45
Put IV0.45
Skew-
19 Mar 2027Balanced skew
Call IV0.44
Put IV0.45
Skew0.01
Contract Tape
Most active contracts
ContractBNTX260821P00090000
SidePut
Expiry21 Aug 2026
Strike90.00
Volume325
OI373
IV0.43
ContractBNTX261218C00150000
SideCall
Expiry18 Dec 2026
Strike150.00
Volume165
OI101
IV0.51
ContractBNTX261218C00145000
SideCall
Expiry18 Dec 2026
Strike145.00
Volume71
OI114
IV0.50
ContractBNTX261218C00140000
SideCall
Expiry18 Dec 2026
Strike140.00
Volume52
OI18
IV0.50
ContractBNTX270115C00100000
SideCall
Expiry15 Jan 2027
Strike100.00
Volume27
OI93
IV0.45
ContractBNTX260821P00085000
SidePut
Expiry21 Aug 2026
Strike85.00
Volume19
OI914
IV0.48
ContractBNTX270115P00065000
SidePut
Expiry15 Jan 2027
Strike65.00
Volume18
OI66
IV0.48
ContractBNTX260821C00097500
SideCall
Expiry21 Aug 2026
Strike97.50
Volume17
OI182
IV0.49
Research Graph
Related research and context
Sharemaestro research
Related News
No recent ticker-specific news yet.
Market Watch
No recent market-watch posts yet.
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.