Primary read
Bullish
Speculative participation surge
Ticker Options Intelligence
BBT options intelligence
Beacon Financial Corporation options pressure, expected move, strike concentration, and Sharemaestro trend context.
Conviction
71
Market data through 12 Aug 2026
Checked 13 Aug 2026 14:00 · complete available chain
Speculative participation surge
Bullish pressure
BBT currently carries bullish options pressure with a 71/100 conviction score. The nearest-chain expected move is 8.3%, with volume/open-interest participation at 14.41.
Expected move
8.3%
Wider near-term move priced
Activity / OI
14.41
Current volume is elevated versus prior open interest
Put-call
0.00
Call-side skew
Trend fit
0
Options are not fully confirming trend
Weekly backdrop
+0.0%
RS 1.8
Expected move
8.3%
Put-call volume
0.00
Volume / OI
14.41
Reference IV
0.53
Max pain
30.00
Underlying
31.51
Nearest expiry
21 Aug 2026
Contracts
70
Research Brief
BBT has a bullish chain read with 71/100 evidence alignment.
The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 28.88–34.14; The largest call open-interest concentration is 35.00; the largest put concentration is 30.00. The most active strike by current volume is 35.00.
Priced range28.88–34.14
Call concentration35.00
Put concentration30.00
Max pain reference30.00
- Price holds or improves while call-side concentration remains elevated.
- Participation is above the ticker's stored normal, which makes the read more noteworthy.
- 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 28.88 to 34.14. Max pain at 30.00 sits inside that range, 4.8% below spot.
Spot
Max pain
28.8831.51 ± 2.6334.14
Confirmation level
A close beyond 34.14 or below 28.88 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 71/100
Pressure is 100/100 toward calls; conviction uses its strength, while the signal label carries its direction.
Directional pressure100 × 42%
+42.0
How strongly activity leans toward calls or puts.
Participation98 × 22%
+21.6
Volume relative to existing open interest and contract-level activity.
Trend agreement0 × 26%
+0.0
How closely the chain read agrees with the underlying trend backdrop.
Volatility70 × 10%
+7.0
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 35.00; the largest put concentration is 30.00. 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
15.00-52.4%
0
0
17.50-44.5%
0
0
20.00-36.5%
0
0
22.50-28.6%
0
0
25.00-20.7%
0
42
30.00-4.8%
11
0
35.0011.1%
16
0
40.0026.9%
0
0
45.0042.8%
0
Nearest spot strike Max pain strikeBars show relative OI within this expiry
Gamma Profile by Strike
Positive gamma proxy
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+$17,560Delta change / 1% move
Positive peak35.00+$20,542
Negative peak30.00-$2,974
Nearest balance30.63Interpolated sign change
StrikeNegativePositiveNet / 1% move
20.00-36.5%
-$5
25.00-20.7%
-$39
30.00-4.8%
-$2,974
35.0011.1%
+$20,542
45.0042.8%
+$36
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
Near-term options are materially richer than later expirations, consistent with concentrated event or immediate-risk pricing.
0.53
21 Aug
9d
0.35
18 Sep
37d
0.30
18 Dec
128d
0.25
19 Mar
219d
Volatility by Strike
Upside optionality premium
Out-of-the-money calls carry higher implied volatility than comparable puts, indicating richer upside optionality.
30
35
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
- 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
Retained chain100%
Implied volatility100%
Two-sided quotes100%
Open interest100%
- Chain status
- Complete available chain
- Market date
- 12 Aug 2026
- Calculation
- v2.0
- Contracts
- 70 / 70
- 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
Directional flow, confirmation needed
There is useful activity, but aggregate chain data does not isolate participant intent.
Call-side pressure is building before a meaningful weekly price response.
Directional flow, confirmation needed matters because it connects the options headline to the actual evidence: $167,178 of estimated gross traded notional, calls · 22-45 days · otm, and a bullish flow before price confirmation backdrop. Use it as a research priority signal, then validate the chart, liquidity, event calendar, and risk before acting.
Options pressure+100
1W price+0.0%
Call premium100%
Put premium0%
Notional split
C 100% / P 0%
Estimated gross traded notional uses volume × contract multiplier × midpoint, or last price when no valid midpoint is available.
Freshness
14.41
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.
Calls · 22-45 days · OTM
calls cluster with 6015 contracts traded, $165,412 estimated gross traded notional, and 99% of visible notional.
$165,412
Calls · 22-45 days · ITM
calls cluster with 1 contracts traded, $705 estimated gross traded notional, and 0% of visible notional.
$705
Calls · 8-21 days · ITM
calls cluster with 3 contracts traded, $420 estimated gross traded notional, and 0% of visible notional.
$420
Calls · 8-21 days · OTM
calls cluster with 80 contracts traded, $400 estimated gross traded notional, and 0% of visible notional.
$400
Calls · 91+ days · OTM
calls cluster with 1 contracts traded, $140 estimated gross traded notional, and 0% of visible notional.
$140
Setup Classification
Opportunity and risk frame
Participation is active enough to treat follow-through risk carefully.
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.
Call pressure is building while the stock sits above Sharemaestro fair value.
Activity Anomaly
High anomaly
Current options activity is unusually hot versus this ticker's stored history.
Baseline: 10 completed sessions
Volume rank100th
Volume/OI rank100th
IV rank70th
Market Context
Underlying confirmation
Close31.51
1W+0.0%
RS1.8
Fair value+28.0%
Options pressure100
Speculation98
Volatility70
Trend fit0
Today Versus Normal
Stored-options context
30d avg 9.9% · 10 sessions
10th
90d avg - · 10/30 sessions
-
180d avg - · 10/60 sessions
-
30d avg 0.51 · 10 sessions
70th
90d avg - · 10/30 sessions
-
180d avg - · 10/60 sessions
-
30d avg - · 3/10 sessions
-
90d avg - · 3/30 sessions
-
180d avg - · 3/60 sessions
-
30d avg 0.03 · 10 sessions
100th
90d avg - · 10/30 sessions
-
180d avg - · 10/60 sessions
-
Pressure Trail
Recent pressure and volatility
29 Jul 10:58
Mixed
Pressure 9
Move 6.1%
30 Jul 10:47
Mixed
Pressure 9
Move 10.8%
31 Jul 10:32
Bullish
Pressure 100
Move 9.9%
31 Jul 15:41
Mixed
Pressure 10
Move 8.5%
31 Jul 16:33
Mixed
Pressure 10
Move 8.7%
31 Jul 17:02
Mixed
Pressure 11
Move 14.4%
2 Aug 01:19
Volatility
Pressure -68
Move 12.2%
3 Aug 21:37
Mixed
Pressure -7
Move 9.4%
Strike Map
Where activity is clustering
Strike15.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike17.50
Calls · V 0 · OI 0
Puts · V 0 · OI 0
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 3 · OI 11
Puts · V 0 · OI 42
Strike35.00
Calls · V 80 · OI 16
Puts · V 0 · OI 0
Strike40.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Term Structure
Expiration activity
Expiry21 Aug 2026
Contracts18
Avg IV0.53
Put-call-
Expiry18 Sep 2026
Contracts18
Avg IV0.35
Put-call0.00
Expiry18 Dec 2026
Contracts16
Avg IV0.30
Put-call-
Expiry19 Mar 2027
Contracts18
Avg IV0.25
Put-call-
Skew
Call/put IV balance
21 Aug 2026Balanced skew
Call IV0.27
Put IV0.22
Skew-0.05
18 Sep 2026Balanced skew
Call IV0.28
Put IV0.30
Skew0.02
18 Dec 2026Call IV premium
Call IV0.64
Put IV0.06
Skew-0.58
19 Mar 2027Put IV premium
Call IV0.23
Put IV0.39
Skew0.16
Contract Tape
Most active contracts
ContractBBT260918C00035000
SideCall
Expiry18 Sep 2026
Strike35.00
Volume6015
OI214
IV0.28
ContractBBT260821C00035000
SideCall
Expiry21 Aug 2026
Strike35.00
Volume80
OI16
IV0.27
ContractBBT260918P00025000
SidePut
Expiry18 Sep 2026
Strike25.00
Volume10
OI2
IV0.34
ContractBBT260821C00030000
SideCall
Expiry21 Aug 2026
Strike30.00
Volume3
OI11
IV0.01
ContractBBT260918C00025000
SideCall
Expiry18 Sep 2026
Strike25.00
Volume1
OI10
IV0.01
ContractBBT270319C00035000
SideCall
Expiry19 Mar 2027
Strike35.00
Volume1
OI-
IV0.23
ContractBBT260918P00030000
SidePut
Expiry18 Sep 2026
Strike30.00
Volume-
OI44
IV0.30
ContractBBT260821P00030000
SidePut
Expiry21 Aug 2026
Strike30.00
Volume-
OI42
IV0.22
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
No upcoming matched earnings event.
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.