BIP ยท saved analysis through 24 Sep 2026

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Ticker Options Intelligence

BIP options intelligence

Brookfield Infrastructure Partners LP options pressure, expected move, strike concentration, and Sharemaestro trend context.

Conviction 13 Market data through 24 Sep 2026 Checked 25 Sep 2026 00:30 ยท partial chain

The reading ยท 2026-09-24

No clear directional balance

Use with limits

Options do not give a clear directional confirmation of the stock trend. Stock context: 2026-09-18.

What changed?

Compare with the previous saved completed session.

Compared with 23 Sep 2026.
Options balance
+15.0 pointsMixed โ†’ Mixed
Stock reference
+2.4%Between the two saved price references
Priced move
Not comparedExpiry changed or usable pricing is missing.

Price references

Unavailable through 2026-10-16

A stock price matched to this options session is unavailable.

This describes the size of a priced move, not its direction or a guaranteed trading range.
Call concentration
40.00
Put concentration
35.00
Concentrations are reference levels, not proven support or resistance.

What to watch

Supports this reading

  • A clear directional pressure reading develops and price begins to agree.
  • Participation is above the ticker's stored normal, which makes the read more noteworthy.

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.
Completed-session reading ยท 2026-09-24
  • Partial chain: some contracts or expiries are not represented.
  • A stock price matched to this options session is unavailable.
  • Activity totals cannot identify buyers, sellers or newly opened positions.
Primary read Mixed

Options-market disagreement

Expected move -

Near-term move context

Activity / OI 0.15

Current volume is quieter versus prior open interest

Put-call 1.09

Balanced tape

Trend fit 0

Options are not fully confirming trend

Weekly backdrop -2.2%

RS -6.6

Expected move -
Put-call volume 1.09
Volume / OI 0.15
Reference IV 0.45
Max pain 35.00
Underlying 36.07
Nearest expiry 16 Oct 2026
Contracts 38

The outcome record

What followed the dated readings?

Stock-price direction through expiry, using the first available weekly close on or just after expiry. These are not option-trade returns.

Recorded in advance

New readings are saved before their outcomes. A calculation change starts a separate record.

0 / 0

Non-overlapping directional readings followed through.

0 waiting for an outcome ยท 1 excluded by data or timing checks.

Too few independent outcomes to establish an edge.

Earlier saved readings

0 / 2

Non-overlapping directional readings followed through. 20 overlapping readings left out.

Always-up baseline: 0% ยท Always-down: 100%.

95% interval: 0โ€“66%.

This is a retrospective audit of saved versions, separate from the record collected in advance.

How to read this

The baselines use the same stocks and observation windows. They ask whether a simple up or down call did as well.

Removing overlapping windows reduces repeated counting. It does not make market observations fully independent.

The interval shows sampling uncertainty. Costs, execution and option selection are not tested here.

Priced Move

The priced move through expiry

Size, not direction

A stock price matched to this options session is unavailable.

Score Construction

Evidence behind the reading

Evidence alignment, not probability

Pressure is 0/100 toward calls; conviction uses its strength, while the signal label carries its direction.

Directional pressure0 / 100
0

How strongly activity leans toward calls or puts.

Participation43 / 100
43

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

Trend agreement0 / 100
0

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

Volatility31 / 100
31

The intensity of implied volatility and the priced move.

Evidence alignment13/100A research score, not a probability

Positioning by Strike

Where open interest and current activity concentrate

Full strike map

The largest call open-interest concentration is 40.00; the largest put concentration is 35.00. 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
0
20.00-44.6%
9
0
25.00-30.7%
0
0
30.00-16.8%
0
76
35.00-3.0%
43
0
40.0010.9%
89
0
45.0024.8%
30
Nearest spot strike Max pain strikeBars show relative OI within this expiry

Gamma Profile by Strike

Positive gamma proxy

Model-estimated Greeks ยท 97% 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+$25,255Delta change / 1% move
Positive peak40.00+$51,134
Negative peak35.00-$40,369
Nearest balance37.21Interpolated sign change
StrikeNegativePositiveNet / 1% move
20.00-44.6%
+$116
25.00-30.7%
-$715
30.00-16.8%
-$1,655
35.00-3.0%
-$40,369
40.0010.9%
+$51,134
45.0024.8%
+$14,752
50.0038.6%
+$1,709
55.0052.5%
+$282
Positive call-side proxy Negative put-side proxyHighlighted row is nearest spot strike

Scenario proxy = gamma ร— open interest ร— 100 shares ร— spotยฒ ร— 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

1.67ร— front/back

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

0.45 16 Oct 22d
0.33 20 Nov 57d
0.31 18 Dec 85d
0.27 19 Mar 176d

Volatility by Strike

Upside optionality premium

Nearest expiry, within 20% of spot

Out-of-the-money calls carry higher implied volatility than comparable puts, indicating richer upside optionality.

30
35
40
Put IV Call IV

Historical Replay

How matured reads behaved through expiry

26 matured ยท 22 directional

Across 22 stored directional transitions, the next stored price moved in the labelled direction 36% of the time.

All saved readings ยท may overlap36%
Moves contained by pricing58%
Average absolute expiry move4.5%
16 Sep Volatility ยท 49 -2.2% through expiry 4.7% priced ยท v2.0
14 Sep Bullish ยท 34 -2.2% through expiry 3.9% priced ยท v2.0
10 Sep Bullish ยท 47 -2.9% through expiry 5.5% priced ยท v2.0
8 Sep Bullish ยท 37 -2.9% through expiry 5.6% priced ยท v2.0
3 Sep Bullish ยท 41 -5.3% through expiry 9.4% priced ยท v2.0
1 Sep Bullish ยท 35 -5.3% through expiry 7.9% priced ยท v2.0
28 Aug Bullish ยท 56 -5.3% through expiry 6.1% priced ยท v2.0
25 Aug Bullish ยท 44 -7.4% through expiry 5.0% priced ยท v2.0
24 Aug Bullish ยท 44 -7.4% through expiry 6.2% priced ยท v2.0
21 Aug Bearish ยท 36 -7.4% through expiry 5.1% priced ยท v2.0
20 Aug Mixed ยท 36 -3.2% through expiry 2.1% priced ยท v2.0
19 Aug Bearish ยท 47 -3.2% through expiry 2.8% priced ยท v2.0

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

Limited

D49/100
Retained chain100%
Implied volatility100%
Two-sided quotes34%
Open interest100%
Chain status
Retained chain subset
Market date
24 Sep 2026
Calculation
v3.0
Contracts
38 / 38
  • The available chain is partial; not all contracts or expiries are represented.
  • Usable two-sided bid/ask quotes are available for 34% of retained contracts.
  • A stock price matched to this options session is unavailable.

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

13/100
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: $95,678 of estimated gross traded notional, calls ยท 46-90 days ยท 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+0
1W price-2.2%
Call premium62%
Put premium38%
Notional split C 62% / P 38% Estimated gross traded notional uses volume ร— contract multiplier ร— midpoint, or last price when no valid midpoint is available.
Freshness 0.15 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 ยท 46-90 days ยท ITM
Calls ยท 46-90 days ยท ITM calls cluster with 53 contracts traded, $48,276 estimated gross traded notional, and 50% of visible notional.
$48,276
Puts ยท 91+ days ยท ITM puts cluster with 36 contracts traded, $13,230 estimated gross traded notional, and 14% of visible notional.
$13,230
Puts ยท 46-90 days ยท OTM puts cluster with 111 contracts traded, $13,195 estimated gross traded notional, and 14% of visible notional.
$13,195
Calls ยท 22-45 days ยท ITM calls cluster with 14 contracts traded, $9,460 estimated gross traded notional, and 10% of visible notional.
$9,460
Puts ยท 46-90 days ยท ITM puts cluster with 11 contracts traded, $7,390 estimated gross traded notional, and 8% of visible notional.
$7,390

Setup Classification

Opportunity and risk frame

Context, not advice
Warning Volatility expansion

The tape is pricing or displaying unusually elevated activity.

Negative Options disagreement

Options positioning is not confirming the underlying trend context.

Activity Anomaly

Above normal

83

Activity is running above the recent historical baseline.

Baseline: 31 completed sessions

Volume rank87th
Volume/OI rank94th
IV rank68th

Market Context

Underlying confirmation

Sharemaestro weekly
Close36.07
1W-2.2%
RS-6.6
Fair value+19.2%
Options pressure0
Speculation43
Volatility31
Trend fit0

Today Versus Normal

Stored-options context

View history
Expected move - history building
30d avg 5.8% ยท 11 sessions -
90d avg 4.8% ยท 31 sessions -
180d avg - ยท 31/60 sessions -
IV 0.45 elevated
30d avg 0.41 ยท 11 sessions 82th
90d avg 0.46 ยท 31 sessions 68th
180d avg - ยท 31/60 sessions -
Put-call 1.09 near normal
30d avg 0.89 ยท 11 sessions 73th
90d avg 2.39 ยท 31 sessions 58th
180d avg - ยท 31/60 sessions -
Volume/OI 0.15 elevated
30d avg 0.03 ยท 11 sessions 100th
90d avg 0.05 ยท 31 sessions 94th
180d avg - ยท 31/60 sessions -

Pressure Trail

Recent pressure and volatility

Open trail
2 Aug 14:21 Bullish
Pressure 76
Move 6.8%
4 Aug 10:05 Mixed
Pressure 13
Move 3.7%
5 Aug 10:13 Bullish
Pressure 54
Move 3.6%
5 Aug 18:33 Bullish
Pressure 56
Move 3.6%
6 Aug 20:59 Bullish
Pressure 57
Move 3.7%
10 Aug 10:24 Bullish
Pressure 100
Move 3.6%
11 Aug 10:43 Bearish
Pressure -40
Move 5.3%
12 Aug 10:44 Bearish
Pressure -33
Move 3.5%

Strike Map

Where activity is clustering

Full strike map
Strike20.00
Calls ยท V 6 ยท OI 9
Puts ยท V 0 ยท OI 0
Strike25.00
Calls ยท V 0 ยท OI 0
Puts ยท V 0 ยท OI 0
Strike30.00
Calls ยท V 0 ยท OI 0
Puts ยท V 0 ยท OI 0
Strike35.00
Calls ยท V 8 ยท OI 43
Puts ยท V 10 ยท OI 76
Strike40.00
Calls ยท V 1 ยท OI 89
Puts ยท V 0 ยท OI 0
Strike45.00
Calls ยท V 3 ยท OI 30
Puts ยท V 0 ยท OI 0

Term Structure

Expiration activity

Volume and IV
Expiry16 Oct 2026
Contracts8
Avg IV0.45
Put-call0.56
Expiry20 Nov 2026
Contracts4
Avg IV0.33
Put-call90.00
Expiry18 Dec 2026
Contracts15
Avg IV0.31
Put-call0.24
Expiry19 Mar 2027
Contracts11
Avg IV0.27
Put-call4.67

Skew

Call/put IV balance

OTM demand
16 Oct 2026Call IV premium
Call IV0.39
Put IV0.26
Skew-0.13
20 Nov 2026Call IV premium
Call IV0.36
Put IV0.25
Skew-0.10
18 Dec 2026Put IV premium
Call IV0.29
Put IV0.45
Skew0.16
19 Mar 2027Put IV premium
Call IV0.29
Put IV0.38
Skew0.09

Contract Tape

Most active contracts

Full contract tape
ContractBIP270319C00055000
SideCall
Expiry19 Mar 2027
Strike55.00
Volume-
OI10
IV0.44
ContractBIP261120P00040000
SidePut
Expiry20 Nov 2026
Strike40.00
Volume-
OI1
IV0.31
ContractBIP261016P00040000
SidePut
Expiry16 Oct 2026
Strike40.00
Volume-
OI-
IV0.00
ContractBIP261016P00025000
SidePut
Expiry16 Oct 2026
Strike25.00
Volume-
OI-
IV0.25
ContractBIP261218P00050000
SidePut
Expiry18 Dec 2026
Strike50.00
Volume-
OI-
IV0.00
ContractBIP270319P00025000
SidePut
Expiry19 Mar 2027
Strike25.00
Volume-
OI-
IV0.13
ContractBIP261016P00030000
SidePut
Expiry16 Oct 2026
Strike30.00
Volume-
OI-
IV0.13
ContractBIP261120P00035000
SidePut
Expiry20 Nov 2026
Strike35.00
Volume70
OI72
IV0.25

Evidence context