Primary read
Bullish
Call-side pressure
Ticker Options Intelligence
IBKR options intelligence
Interactive Brokers Group Inc options pressure, expected move, strike concentration, and Sharemaestro trend context.
Conviction
45
Market data through 30 Jul 2026
Checked 31 Jul 2026 07:37 · complete available chain
Call-side pressure
Bullish pressure
IBKR currently carries bullish options pressure with a 45/100 conviction score. The nearest-chain expected move is 2.5%, with volume/open-interest participation at 0.03.
Expected move
2.5%
Near-term move context
Activity / OI
0.03
Current volume is quieter versus prior open interest
Put-call
0.45
Call-side skew
Trend fit
55
Options are not fully confirming trend
Weekly backdrop
+1.3%
RS 15.9
Expected move
2.5%
Put-call volume
0.45
Volume / OI
0.03
Reference IV
0.46
Max pain
90.00
Underlying
91.74
Nearest expiry
31 Jul 2026
Contracts
926
Research Brief
IBKR has a bullish chain read with 45/100 evidence alignment.
The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 89.41–94.07; The largest call open-interest concentration is 92.00; the largest put concentration is 87.00. The most active strike by current volume is 91.00.
Priced range89.41–94.07
Call concentration92.00
Put concentration87.00
Max pain reference90.00
- 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.
Priced Move
Where the chain says movement becomes exceptional
Options imply 89.41 to 94.07. Max pain at 90.00 sits inside that range, 1.9% below spot.
Spot
Max pain
89.4191.74 ± 2.3394.07
Confirmation level
A close beyond 94.07 or below 89.41 at the 31 Jul 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 45/100
Pressure is 43/100 toward calls; conviction uses its strength, while the signal label carries its direction.
Directional pressure43 × 42%
+18.0
How strongly activity leans toward calls or puts.
Participation41 × 22%
+8.9
Volume relative to existing open interest and contract-level activity.
Trend agreement55 × 26%
+14.3
How closely the chain read agrees with the underlying trend backdrop.
Volatility43 × 10%
+4.3
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 92.00; the largest put concentration is 87.00. The most active strike by current volume is 91.00. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.
Put open interestStrikeCall open interest
129
80.00-12.8%
49
60
83.00-9.5%
3
111
84.00-8.4%
0
201
85.00-7.3%
7
160
86.00-6.3%
0
377
87.00-5.2%
140
265
88.00-4.1%
39
115
89.00-3.0%
37
158
90.00-1.9%
209
48
91.00-0.8%
302
93
92.000.3%
677
56
93.001.4%
178
103
94.002.5%
57
95
95.003.6%
282
22
96.004.6%
129
1
100.009.0%
602
0
105.0014.5%
97
Nearest spot strike Max pain strikeBars show relative OI within this expiry
Volatility Curve
Balanced volatility curve
Near- and longer-dated implied volatility are broadly aligned; no exceptional front-expiry premium is visible.
0.46
31 Jul
1d
0.42
7 Aug
8d
0.44
14 Aug
15d
0.40
21 Aug
22d
0.43
28 Aug
29d
0.43
4 Sep
36d
0.44
11 Sep
43d
0.41
18 Sep
50d
Volatility by Strike
Balanced wings
Comparable upside calls and downside puts carry broadly similar implied volatility.
74
76
78
79
81
83
85
87
88
90
92
94
96
97
99
101
103
105
106
108
110
Put IV Call IV
Historical Replay
How matured reads behaved through expiry
Forward validation is building. The earliest eligible stored read expires 31 Jul 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
High
Retained chain100%
Implied volatility100%
Two-sided quotes100%
Open interest100%
- Chain status
- Complete available chain
- Market date
- 30 Jul 2026
- Calculation
- v2.0
- Contracts
- 926 / 926
- 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
Activity is spread across expirations with heavier open interest than current volume, which can be consistent with position maintenance.
Options pressure and weekly price action are pointing in the same constructive direction.
Multi-expiry position-maintenance candidate matters because it connects the options headline to the actual evidence: $1.6M of estimated gross traded notional, calls · 8-21 days · itm, 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+43
1W price+1.3%
Call premium86%
Put premium14%
Notional split
C 86% / P 14%
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
55/100
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.
Calls · 8-21 days · ITM
calls cluster with 191 contracts traded, $397310 estimated gross traded notional, and 25% of visible notional.
$397310
Calls · 46-90 days · ITM
calls cluster with 104 contracts traded, $396600 estimated gross traded notional, and 25% of visible notional.
$396600
Calls · 0-7 days · ATM
calls cluster with 978 contracts traded, $151430 estimated gross traded notional, and 10% of visible notional.
$151430
Calls · 0-7 days · ITM
calls cluster with 350 contracts traded, $142700 estimated gross traded notional, and 9% of visible notional.
$142700
Calls · 91+ days · OTM
calls cluster with 102 contracts traded, $55395 estimated gross traded notional, and 3% of visible notional.
$55395
Setup Classification
Opportunity and risk frame
Underlying price is close to the max-pain zone.
Call pressure is building while the stock sits above Sharemaestro fair value.
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
Close91.74
1W+1.3%
RS15.9
Fair value+93.0%
Options pressure43
Speculation41
Volatility43
Trend fit55
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 10:01
Bullish
Pressure 20
Move 3.5%
30 Jul 10:00
Mixed
Pressure -4
Move 6.9%
30 Jul 23:05
Bullish
Pressure 18
Move 2.5%
31 Jul 06:37
Bullish
Pressure 43
Move 2.5%
Strike Map
Where activity is clustering
Strike45.00
Calls · V 0 · OI 1
Puts · V 4 · OI 3
Strike50.00
Calls · V 0 · OI 2
Puts · V 1 · OI 5
Strike55.00
Calls · V 0 · OI 1
Puts · V 0 · OI 0
Strike60.00
Calls · V 0 · OI 1
Puts · V 0 · OI 0
Strike65.00
Calls · V 0 · OI 0
Puts · V 0 · OI 1
Strike68.00
Calls · V 1 · OI 1
Puts · V 0 · OI 0
Strike69.00
Calls · V 1 · OI 1
Puts · V 0 · OI 0
Strike70.00
Calls · V 0 · OI 6
Puts · V 0 · OI 1
Term Structure
Expiration activity
Expiry31 Jul 2026
Contracts116
Avg IV0.46
Put-call0.44
Expiry7 Aug 2026
Contracts88
Avg IV0.42
Put-call0.25
Expiry14 Aug 2026
Contracts90
Avg IV0.44
Put-call0.35
Expiry21 Aug 2026
Contracts86
Avg IV0.40
Put-call0.50
Expiry28 Aug 2026
Contracts84
Avg IV0.43
Put-call1.00
Skew
Call/put IV balance
31 Jul 2026Put IV premium
Call IV0.44
Put IV0.79
Skew0.34
7 Aug 2026Balanced skew
Call IV0.39
Put IV0.40
Skew0.01
14 Aug 2026Balanced skew
Call IV0.41
Put IV0.43
Skew0.02
21 Aug 2026Put IV premium
Call IV0.34
Put IV0.42
Skew0.09
28 Aug 2026Balanced skew
Call IV0.50
Put IV0.53
Skew0.03
Contract Tape
Most active contracts
ContractIBKR260807C00090000
SideCall
Expiry7 Aug 2026
Strike90.00
Volume424
OI48
IV0.46
ContractIBKR260731C00091000
SideCall
Expiry31 Jul 2026
Strike91.00
Volume302
OI302
IV0.40
ContractIBKR260731C00087000
SideCall
Expiry31 Jul 2026
Strike87.00
Volume274
OI140
IV0.01
ContractIBKR260821C00100000
SideCall
Expiry21 Aug 2026
Strike100.00
Volume195
OI522
IV0.40
ContractIBKR260821P00082000
SidePut
Expiry21 Aug 2026
Strike82.00
Volume100
OI487
IV0.44
ContractIBKR260918C00095000
SideCall
Expiry18 Sep 2026
Strike95.00
Volume91
OI982
IV0.41
ContractIBKR260731C00090000
SideCall
Expiry31 Jul 2026
Strike90.00
Volume84
OI209
IV0.47
ContractIBKR260918C00045000
SideCall
Expiry18 Sep 2026
Strike45.00
Volume80
OI121
IV0.79
Research Graph
Related research and context
Sharemaestro research
Related News
Market Watch
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.