Ticker Options Intelligence

BNS options intelligence

Name: Sharemaestro BNS Options Intent Radar
Creator: Sharemaestro
License: https://sharemaestro.com/data-license/

Bank of Nova Scotia options pressure, expected move, strike concentration, and Sharemaestro trend context.

Conviction 35 Market data through 17 Sep 2026 Checked 18 Sep 2026 06:54 · complete available chain

Options-market disagreement

Mixed pressure

BNS currently carries mixed options pressure with a 35/100 conviction score. The nearest-chain expected move is 1.5%, with volume/open-interest participation at 0.07.

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

Primary read Mixed

Options-market disagreement

Expected move 1.5%

Near-term move context

Activity / OI 0.07

Current volume is quieter versus prior open interest

Put-call 0.81

Balanced tape

Trend fit 84

Options agree with trend context

Weekly backdrop +0.7%

RS 14.4

Expected move 1.5%

Put-call volume 0.81

Volume / OI 0.07

Reference IV 0.29

Max pain 85.00

Underlying 93.45

Nearest expiry 18 Sep 2026

Contracts 238

Research Brief

BNS has a mixed chain read with 35/100 evidence alignment.

The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 92.04–94.86; The largest call open-interest concentration is 85.00; the largest put concentration is 87.50. The most active strike by current volume is 85.00.

Priced range92.04–94.86

Call concentration85.00

Put concentration87.50

Max pain reference85.00

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.
Participation is above the ticker's stored normal, which makes the read more noteworthy.

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 18 Sep

Options imply 92.04 to 94.86. Max pain at 85.00 lies outside the priced range, so it is a weak near-term anchor.

Spot Max pain

92.0493.45 ± 1.4194.86

Confirmation level

A close beyond 94.86 or below 92.04 at the 18 Sep 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 35/100

Evidence alignment, not probability

Pressure is 13/100 toward calls; conviction uses its strength, while the signal label carries its direction.

Directional pressure13 × 42%

+5.3

How strongly activity leans toward calls or puts.

Participation24 × 22%

+5.3

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

Trend agreement84 × 26%

+21.9

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

Volatility26 × 10%

+2.6

The intensity of implied volatility and the priced move.

Positioning by Strike

Where open interest and current activity concentrate

Full strike map

The largest call open-interest concentration is 85.00; the largest put concentration is 87.50. The most active strike by current volume is 85.00. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.

Put open interestStrikeCall open interest

60.00-35.8%

62.50-33.1%

65.00-30.4%

316

67.50-27.8%

70.00-25.1%

72.50-22.4%

75.00-19.7%

77.50-17.1%

113

153

80.00-14.4%

82.50-11.7%

133

85.00-9.0%

957

400

87.50-6.4%

187

90.00-3.7%

529

154

92.50-1.0%

186

95.001.7%

97.504.3%

100.007.0%

Nearest spot strike Max pain strikeBars show relative OI within this expiry

Gamma Profile by Strike

Positive gamma proxy

Reported + model-estimated Greeks · 91% 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+$1.6MDelta change / 1% move

Positive peak95.00+$1.1M

Negative peak72.50-$120,810

Nearest balance88.13Interpolated sign change

StrikeNegativePositiveNet / 1% move

57.50-38.5%

-$123

60.00-35.8%

-$318

62.50-33.1%

-$497

65.00-30.4%

-$418

67.50-27.8%

-$2,573

70.00-25.1%

+$4,775

72.50-22.4%

-$120,810

75.00-19.7%

-$1,406

77.50-17.1%

+$371

80.00-14.4%

-$15,397

82.50-11.7%

-$52,355

85.00-9.0%

-$49,671

87.50-6.4%

-$40,637

90.00-3.7%

+$120,693

92.50-1.0%

+$435,119

95.001.7%

+$1.1M

97.504.3%

+$131,296

100.007.0%

+$54,344

105.0012.4%

+$9,275

110.0017.7%

+$3,318

115.0023.1%

+$660

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

1.29× front/back

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

0.29 18 Sep 1d

0.19 16 Oct 29d

0.20 20 Nov 64d

0.22 18 Dec 92d

0.22 19 Mar 183d

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.

100

105

Put IV Call IV

Historical Replay

How matured reads behaved through expiry

30 matured · 23 directional

Across 23 stored directional transitions, the next stored price moved in the labelled direction 26% of the time.

Directional follow-through26%

Moves contained by pricing80%

Average expiry move2.5%

17 Sep Mixed · 35 0.7% through expiry 1.5% priced · v2.0

16 Sep Mixed · 38 0.7% through expiry 1.7% priced · v2.0

15 Sep Bearish · 39 0.7% through expiry 2.4% priced · v2.0

11 Sep Bearish · 45 0.7% through expiry 2.2% priced · v2.0

10 Sep Mixed · 30 0.3% through expiry 3.5% priced · v2.0

8 Sep Bearish · 34 0.3% through expiry 2.6% priced · v2.0

3 Sep Bearish · 42 1.8% through expiry 4.0% priced · v2.0

1 Sep Bearish · 43 1.8% through expiry 3.6% priced · v2.0

28 Aug Mixed · 33 1.8% through expiry 3.5% priced · v2.0

27 Aug Mixed · 40 7.4% through expiry 7.3% priced · v2.0

26 Aug Bullish · 43 7.4% through expiry 8.3% priced · v2.0

25 Aug Bullish · 52 7.4% through expiry 7.6% priced · 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

Usable with limits

C69/100

Retained chain100%

Implied volatility100%

Two-sided quotes100%

Open interest100%

Chain status: Complete available chain
Market date: 17 Sep 2026
Calculation: v2.0
Contracts: 238 / 238

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 No clean flow/price divergence

The options read is mixed, so divergence is not strong enough to classify.

Why this matters

Multi-expiry position-maintenance candidate matters because it connects the options headline to the actual evidence: $485,970 of estimated gross traded notional, puts · 46-90 days · 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+13

1W price+0.7%

Call premium49%

Put premium51%

Notional split C 49% / P 51% Estimated gross traded notional uses volume × contract multiplier × midpoint, or last price when no valid midpoint is available.

Freshness 0.07 Volume divided by open interest across the visible chain.

Trend fit 84/100 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 · 46-90 days · ITM

Puts · 46-90 days · ITM puts cluster with 466 contracts traded, $230,670 estimated gross traded notional, and 47% of visible notional.

$230,670

Calls · 0-7 days · ITM calls cluster with 126 contracts traded, $113,220 estimated gross traded notional, and 23% of visible notional.

$113,220

Calls · 46-90 days · OTM calls cluster with 495 contracts traded, $80,438 estimated gross traded notional, and 17% of visible notional.

$80,438

Calls · 22-45 days · ITM calls cluster with 21 contracts traded, $18,970 estimated gross traded notional, and 4% of visible notional.

$18,970

Puts · 46-90 days · ATM puts cluster with 62 contracts traded, $14,880 estimated gross traded notional, and 3% of visible notional.

$14,880

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.

Activity Anomaly

High anomaly

Current options activity is unusually hot versus this ticker's stored history.

Baseline: 31 completed sessions

Volume rank90th

Volume/OI rank77th

IV rank90th

Market Context

Underlying confirmation

Sharemaestro weekly

Close94.07

1W+0.7%

RS14.4

Fair value+67.6%

Options pressure13

Speculation24

Volatility26

Trend fit84

Today Versus Normal

Stored-options context

View history

Expected move 1.5% muted

30d avg 4.4% · 16 sessions 0th

90d avg 3.9% · 31 sessions 0th

180d avg - · 31/60 sessions -

IV 0.29 elevated

30d avg 0.22 · 16 sessions 94th

90d avg 0.22 · 31 sessions 90th

180d avg - · 31/60 sessions -

Put-call 0.81 near normal

30d avg 1.03 · 16 sessions 38th

90d avg 0.90 · 31 sessions 58th

180d avg - · 31/60 sessions -

Volume/OI 0.07 near normal

30d avg 0.05 · 16 sessions 69th

90d avg 0.04 · 31 sessions 77th

180d avg - · 31/60 sessions -

Pressure Trail

Recent pressure and volatility

Open trail

4 Aug 10:03 Bullish

Pressure 73

Move 3.9%

4 Aug 15:50 Bullish

Pressure 37

Move 4.0%

5 Aug 18:13 Bullish

Pressure 27

Move 3.6%

7 Aug 10:20 Bullish

Pressure 53

Move 2.7%

10 Aug 10:20 Mixed

Pressure 4

Move 3.2%

11 Aug 10:22 Bullish

Pressure 46

Move 3.0%

12 Aug 10:22 Bullish

Pressure 100

Move 2.7%

13 Aug 10:02 Bullish

Pressure 69

Move 2.5%

Strike Map

Where activity is clustering

Full strike map

Strike45.00

Calls · V 0 · OI 0

Puts · V 0 · OI 0

Strike47.50

Calls · V 0 · OI 0

Puts · V 0 · OI 1

Strike50.00

Calls · V 0 · OI 0

Puts · V 0 · OI 18

Strike55.00

Calls · V 0 · OI 0

Puts · V 0 · OI 4

Strike60.00

Calls · V 0 · OI 0

Puts · V 0 · OI 19

Strike62.50

Calls · V 0 · OI 10

Puts · V 0 · OI 92

Strike65.00

Calls · V 0 · OI 0

Puts · V 0 · OI 53

Strike67.50

Calls · V 0 · OI 0

Puts · V 0 · OI 316

Term Structure

Expiration activity

Volume and IV

Expiry18 Sep 2026

Contracts44

Avg IV0.29

Put-call0.15

Expiry16 Oct 2026

Contracts50

Avg IV0.19

Put-call0.06

Expiry20 Nov 2026

Contracts66

Avg IV0.20

Put-call1.03

Expiry18 Dec 2026

Contracts40

Avg IV0.22

Put-call5.25

Expiry19 Mar 2027

Contracts38

Avg IV0.22

Put-call0.33

Skew

Call/put IV balance

OTM demand

18 Sep 2026Put IV premium

Call IV0.10

Put IV0.17

Skew0.07

16 Oct 2026Put IV premium

Call IV0.15

Put IV0.22

Skew0.07

20 Nov 2026Put IV premium

Call IV0.17

Put IV0.25

Skew0.08

18 Dec 2026Put IV premium

Call IV0.16

Put IV0.23

Skew0.07

19 Mar 2027Balanced skew

Call IV0.21

Put IV0.26

Skew0.05

Contract Tape

Most active contracts

Full contract tape

ContractBNS261120C00097500

SideCall

Expiry20 Nov 2026

Strike97.50

Volume495

OI532

IV0.17

ContractBNS261120P00097500

SidePut

Expiry20 Nov 2026

Strike97.50

Volume466

OI501

IV0.21

ContractBNS260918C00085000

SideCall

Expiry18 Sep 2026

Strike85.00

Volume123

OI957

IV0.01

ContractBNS261120P00092500

SidePut

Expiry20 Nov 2026

Strike92.50

Volume62

OI22

IV0.22

ContractBNS261016C00095000

SideCall

Expiry16 Oct 2026

Strike95.00

Volume28

OI790

IV0.13

ContractBNS260918P00085000

SidePut

Expiry18 Sep 2026

Strike85.00

Volume20

OI133

IV0.81

ContractBNS261016C00085000

SideCall

Expiry16 Oct 2026

Strike85.00

Volume20

OI14

IV0.01

ContractBNS261218P00087500

SidePut

Expiry18 Dec 2026

Strike87.50

Volume18

OI338

IV0.23

BNS options intelligence

Mixed pressure

BNS has a mixed chain read with 35/100 evidence alignment.

Where the chain says movement becomes exceptional

Why conviction is 35/100

Where open interest and current activity concentrate

Positive gamma proxy

Front-loaded volatility

Downside protection premium

How matured reads behaved through expiry

Usable with limits

Multi-expiry position-maintenance candidate

Opportunity and risk frame

High anomaly

Underlying confirmation

Stored-options context

Recent pressure and volatility

Where activity is clustering

Expiration activity

Call/put IV balance

Most active contracts

Send a message

Evidence context

BNS options intelligence

Mixed pressure

BNS has a mixed chain read with 35/100 evidence alignment.

Where the chain says movement becomes exceptional

Why conviction is 35/100

Where open interest and current activity concentrate

Positive gamma proxy

Front-loaded volatility

Downside protection premium

How matured reads behaved through expiry

Usable with limits

Multi-expiry position-maintenance candidate

Opportunity and risk frame

High anomaly

Underlying confirmation

Stored-options context

Recent pressure and volatility

Where activity is clustering

Expiration activity

Call/put IV balance

Most active contracts

Related research and context

Sharemaestro research

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