Ticker Options Intelligence

BIP options intelligence

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

Conviction 40 Market data through 4 Aug 2026 Checked 5 Aug 2026 11:13 · complete available chain

Call-side pressure

Bullish pressure

BIP currently carries bullish options pressure with a 40/100 conviction score. The nearest-chain expected move is 3.6%, with volume/open-interest participation at 0.03.

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

Call-side pressure

Expected move 3.6%

Near-term move context

Activity / OI 0.03

Current volume is quieter versus prior open interest

Put-call 0.37

Call-side skew

Trend fit 41

Options are not fully confirming trend

Weekly backdrop +2.2%

RS 11.5

Expected move 3.6%
Put-call volume 0.37
Volume / OI 0.03
Reference IV 0.29
Max pain 40.00
Underlying 41.76
Nearest expiry 21 Aug 2026
Contracts 72

Research Brief

BIP has a bullish chain read with 40/100 evidence alignment.

The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 40.26–43.26; The largest call open-interest concentration is 40.00; the largest put concentration is 35.00. The most active strike by current volume is 45.00.

Priced range40.26–43.26
Call concentration40.00
Put concentration35.00
Max pain reference40.00
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 40.26 to 43.26. Max pain at 40.00 lies outside the priced range, so it is a weak near-term anchor.

Spot Max pain
40.2641.76 ± 1.5043.26
Confirmation level

A close beyond 43.26 or below 40.26 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 40/100

Evidence alignment, not probability

Pressure is 54/100 toward calls; conviction uses its strength, while the signal label carries its direction.

Directional pressure54 × 42%
+22.9

How strongly activity leans toward calls or puts.

Participation15 × 22%
+3.3

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

Trend agreement41 × 26%
+10.7

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

Volatility35 × 10%
+3.5

The intensity of implied volatility and the priced move.

Reconstructed score40.3Matches stored calculation

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 45.00. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.

Put open interestStrikeCall open interest
0
20.00-52.1%
0
0
22.50-46.1%
0
0
25.00-40.1%
0
6
30.00-28.2%
1
98
35.00-16.2%
6
11
40.00-4.2%
223
0
45.007.8%
193
0
50.0019.7%
0
0
55.0031.7%
0
Nearest spot strike Max pain strikeBars show relative OI within this expiry

Gamma Profile by Strike

Positive gamma proxy

Reported + model-estimated Greeks · 93% 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+$321,872Delta change / 1% move
Positive peak40.00+$284,729
Negative peak30.00-$1,421
Nearest balance35.02Interpolated sign change
StrikeNegativePositiveNet / 1% move
17.50-58.1%
-$1
20.00-52.1%
+$31
25.00-40.1%
-$160
30.00-28.2%
-$1,421
35.00-16.2%
-$1,349
40.00-4.2%
+$284,729
45.007.8%
+$39,126
50.0019.7%
+$814
55.0031.7%
+$103
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

1.13× front/back

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

0.29 21 Aug 17d
0.29 18 Sep 45d
0.24 18 Dec 136d
0.25 19 Mar 227d

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.

35
40
45
50
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
4 Aug 2026
Calculation
v2.0
Contracts
72 / 72
  • 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

Multi-expiry position-maintenance candidate

65/100
Primary intent Multi-expiry position-maintenance candidate

Activity is spread across expirations with heavier open interest than current volume, which can be consistent with position maintenance.

Flow vs price divergence Bullish flow confirms price

Options pressure and weekly price action are pointing in the same constructive direction.

Why this matters

Multi-expiry position-maintenance candidate matters because it connects the options headline to the actual evidence: $2,823 of estimated gross traded notional, puts · 8-21 days · otm, and a bullish flow confirms price backdrop. Use it as a research priority signal, then validate the chart, liquidity, event calendar, and risk before acting.

Options pressure+54
1W price+2.2%
Call premium41%
Put premium59%
Notional split C 41% / P 59% Estimated gross traded notional uses volume × contract multiplier × midpoint, or last price when no valid midpoint is available.
Freshness 0.03 Volume divided by open interest across the visible chain.
Trend fit 41/100 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. Roll detection is conservative because opening and closing legs are not directly observable in this snapshot.
Conviction clusters Puts · 8-21 days · OTM
Puts · 8-21 days · OTM puts cluster with 11 contracts traded, $798 estimated gross traded notional, and 28% of visible notional.
$798
Puts · 91+ days · OTM puts cluster with 10 contracts traded, $608 estimated gross traded notional, and 22% of visible notional.
$608
Calls · 91+ days · ITM calls cluster with 1 contracts traded, $545 estimated gross traded notional, and 19% of visible notional.
$545
Calls · 22-45 days · OTM calls cluster with 18 contracts traded, $270 estimated gross traded notional, and 10% of visible notional.
$270
Puts · 22-45 days · OTM puts cluster with 2 contracts traded, $260 estimated gross traded notional, and 9% of visible notional.
$260

Setup Classification

Opportunity and risk frame

Context, not advice
Warning Bullish pressure over fair value

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

Activity Anomaly

Warming up

-

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

Baseline: 5 completed sessions

Volume rank-
Volume/OI rank-
IV rank-

Market Context

Underlying confirmation

Sharemaestro weekly
Close41.76
1W+2.2%
RS11.5
Fair value+40.1%
Options pressure54
Speculation15
Volatility35
Trend fit41

Today Versus Normal

Stored-options context

View history
Expected move 3.6% history building
30d avg - · 5/10 sessions -
90d avg - · 5/30 sessions -
180d avg - · 5/60 sessions -
IV 0.29 history building
30d avg - · 5/10 sessions -
90d avg - · 5/30 sessions -
180d avg - · 5/60 sessions -
Put-call 0.37 history building
30d avg - · 5/10 sessions -
90d avg - · 5/30 sessions -
180d avg - · 5/60 sessions -
Volume/OI 0.03 history building
30d avg - · 5/10 sessions -
90d avg - · 5/30 sessions -
180d avg - · 5/60 sessions -

Pressure Trail

Recent pressure and volatility

Open trail
29 Jul 10:20 Mixed
Pressure 8
Move 6.5%
30 Jul 13:24 Bullish
Pressure 82
Move 7.8%
30 Jul 15:16 Volatility
Pressure 90
Move 10.7%
30 Jul 19:48 Volatility
Pressure 87
Move 6.7%
30 Jul 22:52 Volatility
Pressure 91
Move 7.1%
31 Jul 10:13 Bullish
Pressure 92
Move 7.1%
31 Jul 13:45 Bullish
Pressure 91
Move 5.8%
1 Aug 11:03 Bullish
Pressure 76
Move 6.8%

Strike Map

Where activity is clustering

Full strike map
Strike20.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike22.50
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike25.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike30.00
Calls · V 0 · OI 1
Puts · V 0 · OI 6
Strike35.00
Calls · V 0 · OI 6
Puts · V 0 · OI 98
Strike40.00
Calls · V 2 · OI 223
Puts · V 11 · OI 11
Strike45.00
Calls · V 39 · OI 193
Puts · V 0 · OI 0
Strike50.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0

Term Structure

Expiration activity

Volume and IV
Expiry21 Aug 2026
Contracts18
Avg IV0.29
Put-call0.27
Expiry18 Sep 2026
Contracts18
Avg IV0.29
Put-call0.11
Expiry18 Dec 2026
Contracts18
Avg IV0.24
Put-call-
Expiry19 Mar 2027
Contracts18
Avg IV0.25
Put-call-

Skew

Call/put IV balance

OTM demand
21 Aug 2026Balanced skew
Call IV0.25
Put IV0.28
Skew0.03
18 Sep 2026Put IV premium
Call IV0.15
Put IV0.32
Skew0.17
18 Dec 2026Put IV premium
Call IV0.20
Put IV0.29
Skew0.09
19 Mar 2027Put IV premium
Call IV0.21
Put IV0.30
Skew0.09

Contract Tape

Most active contracts

Full contract tape
ContractBIP260821C00045000
SideCall
Expiry21 Aug 2026
Strike45.00
Volume39
OI193
IV0.25
ContractBIP260918C00045000
SideCall
Expiry18 Sep 2026
Strike45.00
Volume18
OI159
IV0.15
ContractBIP260821P00040000
SidePut
Expiry21 Aug 2026
Strike40.00
Volume11
OI11
IV0.21
ContractBIP270319P00030000
SidePut
Expiry19 Mar 2027
Strike30.00
Volume9
OI5
IV0.34
ContractBIP261218C00045000
SideCall
Expiry18 Dec 2026
Strike45.00
Volume2
OI230
IV0.20
ContractBIP260821C00040000
SideCall
Expiry21 Aug 2026
Strike40.00
Volume2
OI223
IV0.23
ContractBIP260918P00040000
SidePut
Expiry18 Sep 2026
Strike40.00
Volume2
OI7
IV0.24
ContractBIP261218C00035000
SideCall
Expiry18 Dec 2026
Strike35.00
Volume1
OI132
IV0.14