Ticker Options Intelligence

HR options intelligence

Healthcare Realty Trust Incorporated options pressure, expected move, strike concentration, and Sharemaestro trend context.

Conviction 47 Market data through 31 Jul 2026 Checked 1 Aug 2026 00:41 · complete available chain

Volatility expansion watch

Volatility pressure

HR currently carries volatility options pressure with a 47/100 conviction score. The nearest-chain expected move is 8.6%, with volume/open-interest participation at 0.15.

Options Intelligence Opportunities Bullish confirmation Risks Unusual flow Vol expansion Repeated pressure Compare Chart Weekly report
Primary read Volatility

Volatility expansion watch

Expected move 8.6%

Wider near-term move priced

Activity / OI 0.15

Current volume is quieter versus prior open interest

Put-call 0.30

Call-side skew

Trend fit 31

Options are not fully confirming trend

Weekly backdrop -1.8%

RS 7.3

Expected move 8.6%
Put-call volume 0.30
Volume / OI 0.15
Reference IV 0.57
Max pain 15.00
Underlying 21.40
Nearest expiry 21 Aug 2026
Contracts 30

Research Brief

HR has a volatility chain read with 47/100 evidence alignment.

The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 19.55–23.25; The largest call open-interest concentration is 17.50; the largest put concentration is 15.00. The most active strike by current volume is 2.50.

Priced range19.55–23.25
Call concentration17.50
Put concentration15.00
Max pain reference15.00
What would confirm it
  • A clear directional pressure reading develops and price begins to agree.
What would weaken it
  • Volatility falls and the chain remains directionally mixed.
  • 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

Size, not direction · through 21 Aug

Options imply 19.55 to 23.25. Max pain at 15.00 lies outside the priced range, so it is a weak near-term anchor.

Spot Max pain
19.5521.40 ± 1.8523.25
Confirmation level

A close beyond 23.25 or below 19.55 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 47/100

Evidence alignment, not probability

Pressure is 65/100 toward calls; conviction uses its strength, while the signal label carries its direction.

Directional pressure65 × 42%
+27.1

How strongly activity leans toward calls or puts.

Participation19 × 22%
+4.3

Volume relative to existing open interest and contract-level activity.

Trend agreement31 × 26%
+8.0

How closely the chain read agrees with the underlying trend backdrop.

Volatility74 × 10%
+7.4

The intensity of implied volatility and the priced move.

Reconstructed score46.8Matches stored calculation

Positioning by Strike

Where open interest and current activity concentrate

Full strike map

The largest call open-interest concentration is 17.50; the largest put concentration is 15.00. The most active strike by current volume is 2.50. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.

Put open interestStrikeCall open interest
0
2.50-88.3%
64
0
5.00-76.6%
13
0
7.50-65.0%
0
64
15.00-29.9%
2
45
17.50-18.2%
298
14
20.00-6.5%
82
0
22.505.1%
16
0
25.0016.8%
0
0
30.0040.2%
0
Nearest spot strike Max pain strikeBars show relative OI within this expiry

Volatility Curve

Front-loaded volatility

1.27× front/back

Near-term options are materially richer than later expirations, consistent with concentrated event or immediate-risk pricing.

0.57 21 Aug 21d
0.40 20 Nov 112d
0.45 19 Feb 203d

Volatility by Strike

Downside protection premium

Nearest expiry, within 20% of spot

Out-of-the-money puts carry higher implied volatility than comparable calls, indicating richer downside protection.

18
20
23
25
Put IV Call IV

Historical Replay

How matured reads behaved through expiry

0 directional observations

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

A96/100
Retained chain100%
Implied volatility100%
Two-sided quotes100%
Open interest100%
Chain status
Complete available chain
Market date
31 Jul 2026
Calculation
v2.0
Contracts
30 / 30
  • 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

Volatility expansion bet

88/100
Primary intent Volatility expansion bet

The strongest message is movement risk: expected move and implied volatility are carrying more signal than direction.

Flow vs price divergence Volatility flow versus price

Options are pricing movement more than direction; compare expected move with the stock's actual weekly change.

Why this matters

Volatility expansion bet matters because it connects the options headline to the actual evidence: $128840 of estimated gross traded notional, calls · 8-21 days · itm, and a volatility flow versus price backdrop. Use it as a research priority signal, then validate the chart, liquidity, event calendar, and risk before acting.

Options pressure+65
1W price-1.8%
Call premium99%
Put premium1%
Notional split C 99% / P 1% Estimated gross traded notional uses volume × contract multiplier × midpoint, or last price when no valid midpoint is available.
Freshness 0.15 Volume divided by open interest across the visible chain.
Trend fit 31/100 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 Calls · 8-21 days · ITM
Calls · 8-21 days · ITM calls cluster with 64 contracts traded, $104962 estimated gross traded notional, and 81% of visible notional.
$104962
Calls · 91+ days · ITM calls cluster with 39 contracts traded, $22168 estimated gross traded notional, and 17% of visible notional.
$22168
Calls · 91+ days · OTM calls cluster with 14 contracts traded, $780 estimated gross traded notional, and 1% of visible notional.
$780
Puts · 8-21 days · OTM puts cluster with 30 contracts traded, $745 estimated gross traded notional, and 1% of visible notional.
$745
Puts · 91+ days · OTM puts cluster with 5 contracts traded, $170 estimated gross traded notional, and 0% of visible notional.
$170

Setup Classification

Opportunity and risk frame

Context, not advice
Warning Volatility expansion

The tape is pricing or displaying unusually elevated activity.

Warning Event-risk setup

Expected move or upcoming earnings makes the setup more event-sensitive.

Negative Options disagreement

Options positioning is not confirming the underlying trend context.

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

Sharemaestro weekly
Close21.01
1W-1.8%
RS7.3
Fair value+35.0%
Options pressure65
Speculation19
Volatility74
Trend fit31

Today Versus Normal

Stored-options context

View history
Expected move 8.6% history building
30d avg - · 3/10 sessions -
90d avg - · 3/30 sessions -
180d avg - · 3/60 sessions -
IV 0.57 history building
30d avg - · 3/10 sessions -
90d avg - · 3/30 sessions -
180d avg - · 3/60 sessions -
Put-call 0.30 history building
30d avg - · 3/10 sessions -
90d avg - · 3/30 sessions -
180d avg - · 3/60 sessions -
Volume/OI 0.15 history building
30d avg - · 3/10 sessions -
90d avg - · 3/30 sessions -
180d avg - · 3/60 sessions -

Pressure Trail

Recent pressure and volatility

Open trail
29 Jul 10:33 Bullish
Pressure 100
Move 7.9%
30 Jul 10:31 Bullish
Pressure 100
Move 8.5%
30 Jul 15:22 Bullish
Pressure 61
Move 7.1%
30 Jul 18:50 Bullish
Pressure 61
Move 7.3%
31 Jul 08:39 Bullish
Pressure 100
Move 7.0%
31 Jul 15:53 Volatility
Pressure 61
Move 9.1%
31 Jul 16:54 Volatility
Pressure 61
Move 9.1%
31 Jul 23:41 Volatility
Pressure 65
Move 8.6%

Strike Map

Where activity is clustering

Full strike map
Strike2.50
Calls · V 37 · OI 64
Puts · V 0 · OI 0
Strike5.00
Calls · V 20 · OI 13
Puts · V 0 · OI 0
Strike7.50
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike15.00
Calls · V 1 · OI 2
Puts · V 28 · OI 64
Strike17.50
Calls · V 5 · OI 298
Puts · V 1 · OI 45
Strike20.00
Calls · V 1 · OI 82
Puts · V 1 · OI 14
Strike22.50
Calls · V 1 · OI 16
Puts · V 0 · OI 0
Strike25.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0

Term Structure

Expiration activity

Volume and IV
Expiry21 Aug 2026
Contracts13
Avg IV0.57
Put-call0.46
Expiry20 Nov 2026
Contracts14
Avg IV0.40
Put-call0.17
Expiry19 Feb 2027
Contracts3
Avg IV0.45
Put-call-

Skew

Call/put IV balance

OTM demand
21 Aug 2026Put IV premium
Call IV0.40
Put IV0.77
Skew0.38
20 Nov 2026Put IV premium
Call IV0.29
Put IV0.71
Skew0.42
19 Feb 2027Incomplete skew
Call IV0.25
Put IV-
Skew-

Contract Tape

Most active contracts

Full contract tape
ContractHR261120P00020000
SidePut
Expiry20 Nov 2026
Strike20.00
Volume-
OI1
IV0.71
ContractHR261120P00022500
SidePut
Expiry20 Nov 2026
Strike22.50
Volume-
OI1
IV0.31
ContractHR260821C00007500
SideCall
Expiry21 Aug 2026
Strike7.50
Volume-
OI-
IV0.00
ContractHR260821C00025000
SideCall
Expiry21 Aug 2026
Strike25.00
Volume-
OI-
IV0.25
ContractHR261120C00012500
SideCall
Expiry20 Nov 2026
Strike12.50
Volume-
OI-
IV0.60
ContractHR260821P00025000
SidePut
Expiry21 Aug 2026
Strike25.00
Volume-
OI-
IV0.00
ContractHR260821P00030000
SidePut
Expiry21 Aug 2026
Strike30.00
Volume-
OI-
IV0.00
ContractHR260821C00002500
SideCall
Expiry21 Aug 2026
Strike2.50
Volume37
OI64
IV5.42