Primary read
Bullish
Call-side pressure
Ticker Options Intelligence
BR options intelligence
Broadridge Financial Solutions Inc options pressure, expected move, strike concentration, and Sharemaestro trend context.
Conviction
30
Market data through 30 Jul 2026
Checked 31 Jul 2026 04:09 · complete available chain
Call-side pressure
Bullish pressure
BR currently carries bullish options pressure with a 30/100 conviction score. The nearest-chain expected move is 8.8%, with volume/open-interest participation at 0.02.
Expected move
8.8%
Wider near-term move priced
Activity / OI
0.02
Current volume is quieter versus prior open interest
Put-call
0.56
Call-side skew
Trend fit
32
Options are not fully confirming trend
Weekly backdrop
-0.7%
RS -30.1
Expected move
8.8%
Put-call volume
0.56
Volume / OI
0.02
Reference IV
0.43
Max pain
150.00
Underlying
148.92
Nearest expiry
21 Aug 2026
Contracts
238
Research Brief
BR has a bullish chain read with 30/100 evidence alignment.
The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 135.79–162.05; The largest call open-interest concentration is 170.00; the largest put concentration is 140.00. The most active strike by current volume is 135.00.
Priced range135.79–162.05
Call concentration170.00
Put concentration140.00
Max pain reference150.00
- Price holds or improves while call-side concentration remains elevated.
- 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
Options imply 135.79 to 162.05. Max pain at 150.00 sits inside that range, 0.7% above spot.
Spot
Max pain
135.79148.92 ± 13.13162.05
Confirmation level
A close beyond 162.05 or below 135.79 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 30/100
Pressure is 32/100 toward calls; conviction uses its strength, while the signal label carries its direction.
Directional pressure32 × 42%
+13.4
How strongly activity leans toward calls or puts.
Participation8 × 22%
+1.8
Volume relative to existing open interest and contract-level activity.
Trend agreement32 × 26%
+8.4
How closely the chain read agrees with the underlying trend backdrop.
Volatility65 × 10%
+6.5
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 170.00; the largest put concentration is 140.00. The most active strike by current volume is 135.00. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.
Put open interestStrikeCall open interest
8
90.00-39.6%
0
3
115.00-22.8%
0
37
120.00-19.4%
0
12
125.00-16.1%
0
47
130.00-12.7%
0
47
135.00-9.3%
0
207
140.00-6.0%
3
69
145.00-2.6%
15
14
150.000.7%
40
2
155.004.1%
215
6
160.007.4%
89
0
165.0010.8%
119
0
170.0014.2%
867
0
175.0017.5%
4
0
180.0020.9%
11
0
195.0030.9%
6
0
200.0034.3%
20
Nearest spot strike Max pain strikeBars show relative OI within this expiry
Volatility Curve
Front-loaded volatility
Near-term options are materially richer than later expirations, consistent with concentrated event or immediate-risk pricing.
0.43
21 Aug
22d
0.39
18 Sep
50d
0.38
18 Dec
141d
0.38
19 Mar
232d
Volatility by Strike
Downside protection premium
Out-of-the-money puts carry higher implied volatility than comparable calls, indicating richer downside protection.
120
125
130
135
140
145
150
155
160
165
170
175
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
Usable with limits
Retained chain100%
Implied volatility100%
Two-sided quotes100%
Open interest100%
- Chain status
- Complete available chain
- Market date
- 30 Jul 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
Earnings/event positioning
Options activity is concentrated around a live event window, so the cleanest read is event positioning rather than pure direction.
Options are leaning call-side while the stock is down on the week, a divergence that needs price confirmation.
Earnings/event positioning matters because it connects the options headline to the actual evidence: $63561 of estimated gross traded notional, calls · 91+ days · otm, 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+32
1W price-0.7%
Call premium71%
Put premium29%
Notional split
C 71% / P 29%
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
32/100
Agreement between options pressure and Sharemaestro market context.
Event window
4 Aug
Matched earnings event is 3 days away.
Aggregate chain data does not identify trade aggressor or opening versus closing activity; call/put concentration is not proof of market direction.
Calls · 91+ days · OTM
calls cluster with 27 contracts traded, $21080 estimated gross traded notional, and 33% of visible notional.
$21080
Calls · 8-21 days · OTM
calls cluster with 37 contracts traded, $11125 estimated gross traded notional, and 18% of visible notional.
$11125
Puts · 91+ days · ATM
puts cluster with 7 contracts traded, $8365 estimated gross traded notional, and 13% of visible notional.
$8365
Calls · 46-90 days · OTM
calls cluster with 11 contracts traded, $6942 estimated gross traded notional, and 11% of visible notional.
$6942
Puts · 91+ days · ITM
puts cluster with 2 contracts traded, $4100 estimated gross traded notional, and 6% of visible notional.
$4100
Setup Classification
Opportunity and risk frame
The tape is pricing or displaying unusually elevated activity.
Expected move or upcoming earnings makes the setup more event-sensitive.
Options positioning is not confirming the underlying trend context.
Underlying price is close to the max-pain zone.
Activity Anomaly
Warming up
2 of 10 completed market sessions are available. More session history is needed before activity can be compared with a reliable normal.
Baseline: 2 completed sessions
Volume rank-
Volume/OI rank-
IV rank-
Market Context
Underlying confirmation
Close148.92
1W-0.7%
RS-30.1
Fair value-26.0%
Options pressure32
Speculation8
Volatility65
Trend fit32
Today Versus Normal
Stored-options context
30d avg - · 2/10 sessions
-
90d avg - · 2/30 sessions
-
180d avg - · 2/60 sessions
-
30d avg - · 2/10 sessions
-
90d avg - · 2/30 sessions
-
180d avg - · 2/60 sessions
-
30d avg - · 2/10 sessions
-
90d avg - · 2/30 sessions
-
180d avg - · 2/60 sessions
-
30d avg - · 2/10 sessions
-
90d avg - · 2/30 sessions
-
180d avg - · 2/60 sessions
-
Pressure Trail
Recent pressure and volatility
29 Jul 10:20
Bullish
Pressure 96
Move 9.9%
30 Jul 12:12
Volatility
Pressure -27
Move 10.3%
30 Jul 17:06
Bullish
Pressure 22
Move 8.3%
30 Jul 17:46
Bullish
Pressure 21
Move 8.4%
30 Jul 19:35
Bullish
Pressure 21
Move 8.9%
31 Jul 03:09
Bullish
Pressure 32
Move 8.8%
Strike Map
Where activity is clustering
Strike90.00
Calls · V 0 · OI 0
Puts · V 6 · OI 8
Strike95.00
Calls · V 0 · OI 0
Puts · V 0 · OI 2
Strike100.00
Calls · V 0 · OI 0
Puts · V 0 · OI 1
Strike105.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike110.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike115.00
Calls · V 0 · OI 0
Puts · V 0 · OI 3
Strike120.00
Calls · V 0 · OI 0
Puts · V 0 · OI 37
Strike125.00
Calls · V 0 · OI 0
Puts · V 0 · OI 12
Term Structure
Expiration activity
Expiry21 Aug 2026
Contracts46
Avg IV0.43
Put-call0.74
Expiry18 Sep 2026
Contracts74
Avg IV0.39
Put-call0.54
Expiry18 Dec 2026
Contracts60
Avg IV0.38
Put-call0.47
Expiry19 Mar 2027
Contracts58
Avg IV0.38
Put-call-
Skew
Call/put IV balance
21 Aug 2026Balanced skew
Call IV0.41
Put IV0.43
Skew0.03
18 Sep 2026Put IV premium
Call IV0.37
Put IV0.44
Skew0.08
18 Dec 2026Put IV premium
Call IV0.36
Put IV0.41
Skew0.06
19 Mar 2027Put IV premium
Call IV0.34
Put IV0.41
Skew0.08
Contract Tape
Most active contracts
ContractBR260821C00165000
SideCall
Expiry21 Aug 2026
Strike165.00
Volume21
OI119
IV0.41
ContractBR260821P00135000
SidePut
Expiry21 Aug 2026
Strike135.00
Volume21
OI47
IV0.52
ContractBR261218C00180000
SideCall
Expiry18 Dec 2026
Strike180.00
Volume17
OI45
IV0.36
ContractBR270319C00175000
SideCall
Expiry19 Mar 2027
Strike175.00
Volume8
OI-
IV0.36
ContractBR260821C00160000
SideCall
Expiry21 Aug 2026
Strike160.00
Volume7
OI89
IV0.38
ContractBR261218P00150000
SidePut
Expiry18 Dec 2026
Strike150.00
Volume7
OI23
IV0.41
ContractBR260918C00155000
SideCall
Expiry18 Sep 2026
Strike155.00
Volume6
OI98
IV0.36
ContractBR260821P00090000
SidePut
Expiry21 Aug 2026
Strike90.00
Volume6
OI8
IV0.76
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.