Ticker Options Intelligence

BY options intelligence

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

Conviction 49 Market data through 12 Aug 2026 Checked 13 Aug 2026 12:05 · complete available chain

Call-side pressure

Bullish pressure

BY currently carries bullish options pressure with a 49/100 conviction score. The nearest-chain expected move is 6.2%, 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 Bullish

Call-side pressure

Expected move 6.2%

Wider near-term move priced

Activity / OI 0.01

Current volume is quieter versus prior open interest

Put-call 0.00

Call-side skew

Trend fit 0

Options are not fully confirming trend

Weekly backdrop -0.8%

RS 10.8

Expected move 6.2%
Put-call volume -
Volume / OI 0.01
Reference IV 0.40
Max pain 35.00
Underlying 38.83
Nearest expiry 21 Aug 2026
Contracts 52

Research Brief

BY has a bullish chain read with 49/100 evidence alignment.

The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 36.41–41.25; The largest call open-interest concentration is 35.00; the largest put concentration is 30.00. The most active strike by current volume is 25.00.

Priced range36.41–41.25
Call concentration35.00
Put concentration30.00
Max pain reference35.00
What would confirm it
  • Price holds or improves while call-side concentration remains elevated.
What would weaken it
  • Price weakens while call pressure fades or reverses toward puts.
  • 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 36.41 to 41.25. Max pain at 35.00 lies outside the priced range, so it is a weak near-term anchor.

Spot Max pain
36.4138.83 ± 2.4241.25
Confirmation level

A close beyond 41.25 or below 36.41 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 49/100

Evidence alignment, not probability

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

Directional pressure100 × 42%
+42.0

How strongly activity leans toward calls or puts.

Participation8 × 22%
+1.8

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

Trend agreement0 × 26%
+0.0

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

Volatility53 × 10%
+5.3

The intensity of implied volatility and the priced move.

Reconstructed score49.1Matches stored calculation

Positioning by Strike

Where open interest and current activity concentrate

Full strike map

The largest call open-interest concentration is 35.00; the largest put concentration is 30.00. The most active strike by current volume is 25.00. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.

Put open interestStrikeCall open interest
0
25.00-35.6%
0
1
30.00-22.7%
0
0
35.00-9.9%
5
1
40.003.0%
3
0
45.0015.9%
0
Nearest spot strike Max pain strikeBars show relative OI within this expiry

Gamma Profile by Strike

Positive gamma proxy

Reported + model-estimated Greeks · 89% 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+$7,487Delta change / 1% move
Positive peak45.00+$5,733
Negative peak-No negative strike
Nearest balance-Interpolated sign change
StrikeNegativePositiveNet / 1% move
30.00-22.7%
+$92
35.00-9.9%
+$428
40.003.0%
+$1,234
45.0015.9%
+$5,733
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

1.73× front/back

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

0.40 21 Aug 9d
0.20 18 Sep 37d
0.20 18 Dec 128d
0.23 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.

35
40
45
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
52 / 52
  • 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

Directional flow, confirmation needed

36/100
Primary intent Directional flow, confirmation needed

There is useful activity, but aggregate chain data does not isolate participant intent.

Flow vs price divergence Bullish flow against weak price

Options are leaning call-side while the stock is down on the week, a divergence that needs price confirmation.

Why this matters

Directional flow, confirmation needed matters because it connects the options headline to the actual evidence: $720 of estimated gross traded notional, calls · 91+ days · itm, and a bullish flow against weak price backdrop. Use it as a research priority signal, then validate the chart, liquidity, event calendar, and risk before acting.

Options pressure+100
1W price-0.8%
Call premium100%
Put premium0%
Notional split C 100% / P 0% 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 0/100 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 Calls · 91+ days · ITM
Calls · 91+ days · ITM calls cluster with 1 contracts traded, $550 estimated gross traded notional, and 76% of visible notional.
$550
Calls · 91+ days · OTM calls cluster with 1 contracts traded, $170 estimated gross traded notional, and 24% of visible notional.
$170

Setup Classification

Opportunity and risk frame

Context, not advice
Warning Event-risk setup

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

Negative Options disagreement

Options positioning is not confirming the underlying trend context.

Warning Bullish pressure over fair value

Call pressure is building while the stock sits above Sharemaestro fair value.

Activity Anomaly

Warming up

-

9 of 10 completed market sessions are available. More session history is needed before activity can be compared with a reliable normal.

Baseline: 9 completed sessions

Volume rank-
Volume/OI rank-
IV rank-

Market Context

Underlying confirmation

Sharemaestro weekly
Close38.83
1W-0.8%
RS10.8
Fair value+46.6%
Options pressure100
Speculation8
Volatility53
Trend fit0

Today Versus Normal

Stored-options context

View history
Expected move 6.2% history building
30d avg - · 9/10 sessions -
90d avg - · 9/30 sessions -
180d avg - · 9/60 sessions -
IV 0.40 history building
30d avg - · 9/10 sessions -
90d avg - · 9/30 sessions -
180d avg - · 9/60 sessions -
Put-call 0.00 history building
30d avg - · 2/10 sessions -
90d avg - · 2/30 sessions -
180d avg - · 2/60 sessions -
Volume/OI 0.01 history building
30d avg - · 9/10 sessions -
90d avg - · 9/30 sessions -
180d avg - · 9/60 sessions -

Pressure Trail

Recent pressure and volatility

Open trail
29 Jul 11:06 Mixed
Pressure 11
Move 6.1%
30 Jul 10:54 Bullish
Pressure 100
Move 8.2%
30 Jul 23:28 Volatility
Pressure 100
Move 23.8%
31 Jul 04:28 Mixed
Pressure 11
Move 13.9%
31 Jul 15:09 Volatility
Pressure 100
Move 23.0%
31 Jul 20:54 Volatility
Pressure 100
Move 23.6%
2 Aug 11:25 Volatility
Pressure 100
Move 23.2%
2 Aug 11:57 Mixed
Pressure 11
Move 8.4%

Strike Map

Where activity is clustering

Full strike map
Strike25.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike30.00
Calls · V 0 · OI 0
Puts · V 0 · OI 1
Strike35.00
Calls · V 0 · OI 5
Puts · V 0 · OI 0
Strike40.00
Calls · V 0 · OI 3
Puts · V 0 · OI 1
Strike45.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0

Term Structure

Expiration activity

Volume and IV
Expiry21 Aug 2026
Contracts10
Avg IV0.40
Put-call-
Expiry18 Sep 2026
Contracts14
Avg IV0.20
Put-call-
Expiry18 Dec 2026
Contracts18
Avg IV0.20
Put-call-
Expiry19 Mar 2027
Contracts10
Avg IV0.23
Put-call-

Skew

Call/put IV balance

OTM demand
21 Aug 2026Put IV premium
Call IV0.07
Put IV0.34
Skew0.26
18 Sep 2026Put IV premium
Call IV0.03
Put IV0.17
Skew0.14
18 Dec 2026Balanced skew
Call IV0.09
Put IV0.09
Skew-
19 Mar 2027Balanced skew
Call IV0.12
Put IV0.08
Skew-0.04

Contract Tape

Most active contracts

Full contract tape
ContractBY261218C00040000
SideCall
Expiry18 Dec 2026
Strike40.00
Volume1
OI1
IV0.20
ContractBY261218C00035000
SideCall
Expiry18 Dec 2026
Strike35.00
Volume1
OI1
IV0.29
ContractBY261218C00045000
SideCall
Expiry18 Dec 2026
Strike45.00
Volume-
OI250
IV0.09
ContractBY260821C00035000
SideCall
Expiry21 Aug 2026
Strike35.00
Volume-
OI5
IV0.60
ContractBY270319C00030000
SideCall
Expiry19 Mar 2027
Strike30.00
Volume-
OI5
IV0.23
ContractBY260821C00040000
SideCall
Expiry21 Aug 2026
Strike40.00
Volume-
OI3
IV0.07
ContractBY260821P00030000
SidePut
Expiry21 Aug 2026
Strike30.00
Volume-
OI1
IV0.71
ContractBY260821P00040000
SidePut
Expiry21 Aug 2026
Strike40.00
Volume-
OI1
IV0.01

Evidence context