Ticker Options Intelligence

BPRO options intelligence

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

BITWISE PROFICIO CURRENCY DEBASEMENT ETF options pressure, expected move, strike concentration, and Sharemaestro trend context.

Conviction 44 Market data through 5 Aug 2026 Checked 5 Aug 2026 20:50 · complete available chain

Put-side pressure

Bearish pressure

BPRO currently carries bearish options pressure with a 44/100 conviction score. The nearest-chain expected move is 0.0%, with volume/open-interest participation at 0.35.

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

Primary read Bearish

Put-side pressure

Expected move 0.0%

Near-term move context

Activity / OI 0.35

Current volume is quieter versus prior open interest

Put-call -

Balanced tape

Trend fit 0

Options are not fully confirming trend

Weekly backdrop -0.6%

Sharemaestro weekly context

Expected move 0.0%

Put-call volume -

Volume / OI 0.35

Reference IV 0.00

Max pain 26.00

Underlying 18.93

Nearest expiry 18 Sep 2026

Contracts 5

Research Brief

BPRO has a bearish chain read with 44/100 evidence alignment.

The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 18.93–18.93; The largest call open-interest concentration is 24.00; the largest put concentration is 24.00. The most active strike by current volume is 25.00.

Priced range18.93–18.93

Call concentration24.00

Put concentration24.00

Max pain reference26.00

What would confirm it

Price remains weak while put-side concentration persists.

What would weaken it

Price recovers while put pressure fades or reverses toward calls.
Options and the weekly trend are not yet giving the same message.

Priced Move

Where the chain says movement becomes exceptional

Size, not direction · through 18 Sep

Options imply 18.93 to 18.93. Max pain at 26.00 lies outside the priced range, so it is a weak near-term anchor.

Spot Max pain

18.9318.93 ± 0.0018.93

Confirmation level

A close beyond 18.93 or below 18.93 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 44/100

Evidence alignment, not probability

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

Directional pressure100 × 42%

+42.0

How strongly activity leans toward calls or puts.

Participation9 × 22%

+1.9

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.

Volatility0 × 10%

+0.0

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 24.00; the largest put concentration is 24.00. The most active strike by current volume is 25.00. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.

Put open interestStrikeCall open interest

24.0026.8%

25.0032.1%

26.0037.3%

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

Gamma Profile by Strike

Negative gamma proxy

Model-estimated Greeks · 33% coverage

Put-side gamma sensitivity outweighs the call-side proxy across the retained chain. The largest bars mark levels where delta-hedging sensitivity may be most concentrated.

Net profile-$283Delta change / 1% move

Positive peak-No positive strike

Negative peak19.00-$283

Nearest balance-Interpolated sign change

StrikeNegativePositiveNet / 1% move

19.000.4%

-$283

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

Back-loaded volatility

0.00× front/back

Longer-dated options carry more implied volatility than the front expiry, so risk is priced farther out.

0.00 18 Sep 44d

0.32 18 Dec 135d

Volatility by Strike

Smile incomplete

Nearest expiry, within 20% of spot

There is not enough comparable OTM call and put volatility to classify the smile.

Comparable strike volatility is unavailable.

Put IV Call IV

Historical Replay

How matured reads behaved through expiry

0 matured · 0 directional

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

A91/100

Retained chain100%

Implied volatility100%

Two-sided quotes100%

Open interest100%

Chain status: Complete available chain
Market date: 5 Aug 2026
Calculation: v2.0
Contracts: 5 / 5

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

Put-heavy activity

94/100

Primary intent Put-heavy activity

Put-side activity dominates. This can reflect hedging or directional positioning, but the chain alone cannot distinguish buying from selling.

Flow vs price divergence Bearish flow before price confirmation

Put-side pressure is present before a decisive weekly price breakdown.

Why this matters

Put-heavy activity matters because it connects the options headline to the actual evidence: $2,000 of estimated gross traded notional, puts · 22-45 days · itm, and a bearish 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-0.6%

Call premium0%

Put premium100%

Notional split C 0% / P 100% Estimated gross traded notional uses volume × contract multiplier × midpoint, or last price when no valid midpoint is available.

Freshness 0.35 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.

Conviction clusters Puts · 22-45 days · ITM

Puts · 22-45 days · ITM puts cluster with 4 contracts traded, $1,440 estimated gross traded notional, and 72% of visible notional.

$1,440

Puts · 91+ days · ATM puts cluster with 1 contracts traded, $285 estimated gross traded notional, and 14% of visible notional.

$285

Puts · 91+ days · ITM puts cluster with 1 contracts traded, $275 estimated gross traded notional, and 14% of visible notional.

$275

Setup Classification

Opportunity and risk frame

Context, not advice

Negative Options disagreement

Options positioning is not confirming the underlying trend context.

Activity Anomaly

Warming up

6 of 10 completed market sessions are available. More session history is needed before activity can be compared with a reliable normal.

Baseline: 6 completed sessions

Volume rank-

Volume/OI rank-

IV rank-

Market Context

Underlying confirmation

Sharemaestro weekly

Close18.93

1W-0.6%

RS-

Fair value-14.2%

Options pressure-100

Speculation9

Volatility0

Trend fit0

Today Versus Normal

Stored-options context

View history

Expected move 0.0% history building

30d avg - · 6/10 sessions -

90d avg - · 6/30 sessions -

180d avg - · 6/60 sessions -

IV 0.00 history building

30d avg - · 6/10 sessions -

90d avg - · 6/30 sessions -

180d avg - · 6/60 sessions -

Put-call - history building

30d avg - · 0/10 sessions -

90d avg - · 0/30 sessions -

180d avg - · 0/60 sessions -

Volume/OI 0.35 history building

30d avg - · 6/10 sessions -

90d avg - · 6/30 sessions -

180d avg - · 6/60 sessions -

Pressure Trail

Recent pressure and volatility

Open trail

29 Jul 12:04 Mixed

Pressure 0

Move 2.7%

29 Jul 23:03 Bearish

Pressure -100

Move 0.0%

31 Jul 10:48 Mixed

Pressure 0

Move 1.6%

2 Aug 04:38 Mixed

Pressure 0

Move 1.7%

4 Aug 00:58 Mixed

Pressure 0

Move 1.7%

5 Aug 07:05 Mixed

Pressure 0

Move 1.9%

5 Aug 19:50 Bearish

Pressure -100

Move 0.0%

Strike Map

Where activity is clustering

Full strike map

Strike24.00

Calls · V 0 · OI 0

Puts · V 0 · OI 1

Strike25.00

Calls · V 0 · OI 0

Puts · V 4 · OI 0

Strike26.00

Calls · V 0 · OI 0

Puts · V 0 · OI 1

Term Structure

Expiration activity

Volume and IV

Expiry18 Sep 2026

Contracts3

Avg IV0.00

Put-call-

Expiry18 Dec 2026

Contracts2

Avg IV0.32

Put-call-

Skew

Call/put IV balance

OTM demand

18 Sep 2026Incomplete skew

Call IV-

Put IV-

Skew-

18 Dec 2026Incomplete skew

Call IV-

Put IV-

Skew-

Contract Tape

Most active contracts

Full contract tape

ContractBPRO260918P00024000

SidePut

Expiry18 Sep 2026

Strike24.00

Volume-

OI1

IV0.00

ContractBPRO260918P00026000

SidePut

Expiry18 Sep 2026

Strike26.00

Volume-

OI1

IV0.00

ContractBPRO260918P00025000

SidePut

Expiry18 Sep 2026

Strike25.00

Volume4

OI-

IV0.00

ContractBPRO261218P00019000

SidePut

Expiry18 Dec 2026

Strike19.00

Volume1

OI15

IV0.65

ContractBPRO261218P00023000

SidePut

Expiry18 Dec 2026

Strike23.00

Volume1

OI-

IV0.00

BPRO options intelligence

Bearish pressure

BPRO has a bearish chain read with 44/100 evidence alignment.

Where the chain says movement becomes exceptional

Why conviction is 44/100

Where open interest and current activity concentrate

Negative gamma proxy

Back-loaded volatility

Smile incomplete

How matured reads behaved through expiry

High

Put-heavy activity

Opportunity and risk frame

Warming up

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

Related News

Market Watch

Earnings