Primary read
Bearish
Put-side pressure
Ticker Options Intelligence
ARE options intelligence
Alexandria Real Estate Equities Inc options pressure, expected move, strike concentration, and Sharemaestro trend context.
Conviction
53
Market data through 31 Jul 2026
Checked 1 Aug 2026 08:07 · complete available chain
Put-side pressure
Bearish pressure
ARE currently carries bearish options pressure with a 53/100 conviction score. The nearest-chain expected move is 9.6%, with volume/open-interest participation at 0.02.
Expected move
9.6%
Wider near-term move priced
Activity / OI
0.02
Current volume is quieter versus prior open interest
Put-call
3.49
Put-side skew
Trend fit
75
Options agree with trend context
Weekly backdrop
+1.4%
RS -17.2
Expected move
9.6%
Put-call volume
3.49
Volume / OI
0.02
Reference IV
0.48
Max pain
52.50
Underlying
50.94
Nearest expiry
21 Aug 2026
Contracts
288
Research Brief
ARE has a bearish chain read with 53/100 evidence alignment.
The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 46.06–55.82; The largest call open-interest concentration is 55.00; the largest put concentration is 50.00. The most active strike by current volume is 40.00.
Priced range46.06–55.82
Call concentration55.00
Put concentration50.00
Max pain reference52.50
- Price remains weak while put-side concentration persists.
- The current chain read already agrees with the stored weekly trend context.
- Price recovers while put pressure fades or reverses toward calls.
Priced Move
Where the chain says movement becomes exceptional
Options imply 46.06 to 55.82. Max pain at 52.50 sits inside that range, 3.1% above spot.
Spot
Max pain
46.0650.94 ± 4.8855.82
Confirmation level
A close beyond 55.82 or below 46.06 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 53/100
Pressure is 55/100 toward puts; conviction uses its strength, while the signal label carries its direction.
Directional pressure55 × 42%
+23.3
How strongly activity leans toward calls or puts.
Participation13 × 22%
+2.9
Volume relative to existing open interest and contract-level activity.
Trend agreement75 × 26%
+19.4
How closely the chain read agrees with the underlying trend backdrop.
Volatility72 × 10%
+7.2
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 55.00; the largest put concentration is 50.00. The most active strike by current volume is 40.00. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.
Put open interestStrikeCall open interest
0
30.00-41.1%
0
1
32.50-36.2%
0
6
35.00-31.3%
0
417
37.50-26.4%
0
124
40.00-21.5%
0
446
42.50-16.6%
0
346
45.00-11.7%
28
506
47.50-6.8%
29
509
50.00-1.8%
120
245
52.503.1%
485
181
55.008.0%
1648
5
57.5012.9%
378
2
60.0017.8%
521
0
62.5022.7%
0
3
65.0027.6%
115
0
70.0037.4%
129
0
75.0047.2%
3
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.
0.48
21 Aug
21d
0.44
18 Sep
49d
0.45
16 Oct
77d
0.42
15 Jan
168d
0.44
21 Jan
539d
Volatility by Strike
Downside protection premium
Out-of-the-money puts carry higher implied volatility than comparable calls, indicating richer downside protection.
43
45
48
50
53
55
58
60
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
High
Retained chain100%
Implied volatility100%
Two-sided quotes100%
Open interest100%
- Chain status
- Complete available chain
- Market date
- 31 Jul 2026
- Calculation
- v2.0
- Contracts
- 288 / 288
- 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.
Put-side pressure is building while price is rising, a cautionary divergence.
Earnings/event positioning matters because it connects the options headline to the actual evidence: $51871 of estimated gross traded notional, puts · 8-21 days · itm, and a bearish flow against rising price backdrop. Use it as a research priority signal, then validate the chart, liquidity, event calendar, and risk before acting.
Options pressure-55
1W price+1.4%
Call premium42%
Put premium58%
Notional split
C 42% / P 58%
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
75/100
Agreement between options pressure and Sharemaestro market context.
Event window
3 Aug
Matched earnings event is 2 days away.
Aggregate chain data does not identify trade aggressor or opening versus closing activity; call/put concentration is not proof of market direction.
Puts · 8-21 days · ITM
puts cluster with 52 contracts traded, $14690 estimated gross traded notional, and 28% of visible notional.
$14690
Calls · 8-21 days · OTM
calls cluster with 92 contracts traded, $6285 estimated gross traded notional, and 12% of visible notional.
$6285
Puts · 8-21 days · OTM
puts cluster with 278 contracts traded, $6226 estimated gross traded notional, and 12% of visible notional.
$6226
Calls · 91+ days · ITM
calls cluster with 7 contracts traded, $5600 estimated gross traded notional, and 11% of visible notional.
$5600
Calls · 46-90 days · ITM
calls cluster with 8 contracts traded, $5290 estimated gross traded notional, and 10% of visible notional.
$5290
Setup Classification
Opportunity and risk frame
Positioning agrees with the Sharemaestro trend backdrop.
The tape is pricing or displaying unusually elevated activity.
Expected move or upcoming earnings makes the setup more event-sensitive.
Put pressure is building after the stock has already moved below fair value.
Activity Anomaly
Warming up
3 of 10 completed market sessions are available. More session history is needed before activity can be compared with a reliable normal.
Baseline: 3 completed sessions
Volume rank-
Volume/OI rank-
IV rank-
Market Context
Underlying confirmation
Close50.94
1W+1.4%
RS-17.2
Fair value-38.6%
Options pressure-55
Speculation13
Volatility72
Trend fit75
Today Versus Normal
Stored-options context
30d avg - · 3/10 sessions
-
90d avg - · 3/30 sessions
-
180d avg - · 3/60 sessions
-
30d avg - · 3/10 sessions
-
90d avg - · 3/30 sessions
-
180d avg - · 3/60 sessions
-
30d avg - · 3/10 sessions
-
90d avg - · 3/30 sessions
-
180d avg - · 3/60 sessions
-
30d avg - · 3/10 sessions
-
90d avg - · 3/30 sessions
-
180d avg - · 3/60 sessions
-
Pressure Trail
Recent pressure and volatility
29 Jul 10:30
Bullish
Pressure 29
Move 11.9%
30 Jul 10:25
Mixed
Pressure 7
Move 14.2%
30 Jul 17:30
Mixed
Pressure -3
Move 10.7%
30 Jul 18:11
Mixed
Pressure -6
Move 10.6%
30 Jul 18:39
Mixed
Pressure -5
Move 10.7%
30 Jul 19:19
Mixed
Pressure -6
Move 10.5%
30 Jul 19:54
Mixed
Pressure -12
Move 10.8%
30 Jul 20:26
Mixed
Pressure -12
Move 9.6%
Strike Map
Where activity is clustering
Strike30.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike32.50
Calls · V 0 · OI 0
Puts · V 0 · OI 1
Strike35.00
Calls · V 0 · OI 0
Puts · V 0 · OI 6
Strike37.50
Calls · V 0 · OI 0
Puts · V 0 · OI 417
Strike40.00
Calls · V 0 · OI 0
Puts · V 201 · OI 124
Strike42.50
Calls · V 0 · OI 0
Puts · V 0 · OI 446
Strike45.00
Calls · V 0 · OI 28
Puts · V 55 · OI 346
Strike47.50
Calls · V 0 · OI 29
Puts · V 22 · OI 506
Term Structure
Expiration activity
Expiry21 Aug 2026
Contracts34
Avg IV0.48
Put-call3.66
Expiry18 Sep 2026
Contracts32
Avg IV0.44
Put-call1.17
Expiry16 Oct 2026
Contracts74
Avg IV0.45
Put-call4.74
Expiry15 Jan 2027
Contracts74
Avg IV0.42
Put-call2.22
Expiry21 Jan 2028
Contracts74
Avg IV0.44
Put-call-
Skew
Call/put IV balance
21 Aug 2026Balanced skew
Call IV0.45
Put IV0.48
Skew0.03
18 Sep 2026Balanced skew
Call IV0.41
Put IV0.44
Skew0.03
16 Oct 2026Put IV premium
Call IV0.41
Put IV0.50
Skew0.10
15 Jan 2027Put IV premium
Call IV0.39
Put IV0.47
Skew0.09
21 Jan 2028Put IV premium
Call IV0.37
Put IV0.50
Skew0.14
Contract Tape
Most active contracts
ContractARE260821P00040000
SidePut
Expiry21 Aug 2026
Strike40.00
Volume201
OI124
IV0.42
ContractARE261016P00032500
SidePut
Expiry16 Oct 2026
Strike32.50
Volume60
OI259
IV0.64
ContractARE261016P00027500
SidePut
Expiry16 Oct 2026
Strike27.50
Volume60
OI159
IV0.51
ContractARE260821P00045000
SidePut
Expiry21 Aug 2026
Strike45.00
Volume55
OI346
IV0.51
ContractARE260821C00060000
SideCall
Expiry21 Aug 2026
Strike60.00
Volume54
OI521
IV0.55
ContractARE260821P00052500
SidePut
Expiry21 Aug 2026
Strike52.50
Volume52
OI245
IV0.47
ContractARE260821C00055000
SideCall
Expiry21 Aug 2026
Strike55.00
Volume31
OI1648
IV0.45
ContractARE260821P00047500
SidePut
Expiry21 Aug 2026
Strike47.50
Volume22
OI506
IV0.48
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.