Ticker Options Intelligence

QSR options intelligence

Restaurant Brands International Inc options pressure, expected move, strike concentration, and Sharemaestro trend context.

Conviction 47 Market data through 31 Jul 2026 Checked 31 Jul 2026 16:50 · complete available chain

Call-side pressure

Bullish pressure

QSR currently carries bullish options pressure with a 47/100 conviction score. The nearest-chain expected move is 6.9%, with volume/open-interest participation at 0.08.

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

Call-side pressure

Expected move 6.9%

Wider near-term move priced

Activity / OI 0.08

Current volume is quieter versus prior open interest

Put-call 0.34

Call-side skew

Trend fit 36

Options are not fully confirming trend

Weekly backdrop +2.1%

RS -2.8

Expected move 6.9%
Put-call volume 0.34
Volume / OI 0.08
Reference IV 0.35
Max pain 72.50
Underlying 72.47
Nearest expiry 21 Aug 2026
Contracts 144

Research Brief

QSR has a bullish 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 67.49–77.45; The largest call open-interest concentration is 77.50; the largest put concentration is 65.00. The most active strike by current volume is 75.00.

Priced range67.49–77.45
Call concentration77.50
Put concentration65.00
Max pain reference72.50
What would confirm it
  • Price holds or improves while call-side concentration remains elevated.
What would weaken it
  • 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

Size, not direction · through 21 Aug

Options imply 67.49 to 77.45. Max pain at 72.50 sits inside that range, 0.0% above spot.

Spot Max pain
67.4972.47 ± 4.9877.45
Confirmation level

A close beyond 77.45 or below 67.49 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 56/100 toward calls; conviction uses its strength, while the signal label carries its direction.

Directional pressure56 × 42%
+23.5

How strongly activity leans toward calls or puts.

Participation42 × 22%
+9.2

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

Trend agreement36 × 26%
+9.3

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

Volatility52 × 10%
+5.2

The intensity of implied volatility and the priced move.

Reconstructed score47.2Matches stored calculation

Positioning by Strike

Where open interest and current activity concentrate

Full strike map

The largest call open-interest concentration is 77.50; the largest put concentration is 65.00. The most active strike by current volume is 75.00. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.

Put open interestStrikeCall open interest
0
42.50-41.4%
0
3
55.00-24.1%
0
61
60.00-17.2%
29
608
65.00-10.3%
1
46
67.50-6.9%
0
281
70.00-3.4%
517
416
72.500.0%
888
288
75.003.5%
1163
8
77.506.9%
2566
21
80.0010.4%
1961
1
82.5013.8%
751
0
85.0017.3%
6
0
90.0024.2%
1
0
95.0031.1%
2
0
100.0038.0%
1
0
115.0058.7%
1
Nearest spot strike Max pain strikeBars show relative OI within this expiry

Volatility Curve

Front-loaded volatility

1.47× front/back

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

0.35 21 Aug 21d
0.30 18 Sep 49d
0.30 16 Oct 77d
0.29 15 Jan 168d
0.24 17 Jun 321d

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.

60
65
68
70
73
75
78
80
83
85
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

A99/100
Retained chain100%
Implied volatility100%
Two-sided quotes97%
Open interest100%
Chain status
Complete available chain
Market date
31 Jul 2026
Calculation
v2.0
Contracts
144 / 144
  • 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

74/100
Primary intent Earnings/event positioning

Options activity is concentrated around a live event window, so the cleanest read is event positioning rather than pure direction.

Flow vs price divergence Bullish flow confirms price

Options pressure and weekly price action are pointing in the same constructive direction.

Why this matters

Earnings/event positioning matters because it connects the options headline to the actual evidence: $708529 of estimated gross traded notional, calls · 91+ 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+56
1W price+2.1%
Call premium78%
Put premium22%
Notional split C 78% / P 22% Estimated gross traded notional uses volume × contract multiplier × midpoint, or last price when no valid midpoint is available.
Freshness 0.08 Volume divided by open interest across the visible chain.
Trend fit 36/100 Agreement between options pressure and Sharemaestro market context.
Event window 6 Aug Matched earnings event is 5 days away.
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 · 91+ days · ITM
Calls · 91+ days · ITM calls cluster with 213 contracts traded, $279712 estimated gross traded notional, and 39% of visible notional.
$279712
Calls · 46-90 days · OTM calls cluster with 544 contracts traded, $130688 estimated gross traded notional, and 18% of visible notional.
$130688
Calls · 91+ days · OTM calls cluster with 256 contracts traded, $69347 estimated gross traded notional, and 10% of visible notional.
$69347
Puts · 46-90 days · ITM puts cluster with 146 contracts traded, $68040 estimated gross traded notional, and 10% of visible notional.
$68040
Puts · 8-21 days · ITM puts cluster with 133 contracts traded, $42615 estimated gross traded notional, and 6% of visible notional.
$42615

Setup Classification

Opportunity and risk frame

Context, not advice
Warning Event-risk setup

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

Warning Crowded strike risk

Underlying price is close to the max-pain zone.

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
Close74.02
1W+2.1%
RS-2.8
Fair value+10.4%
Options pressure56
Speculation42
Volatility52
Trend fit36

Today Versus Normal

Stored-options context

View history
Expected move 6.9% history building
30d avg - · 3/10 sessions -
90d avg - · 3/30 sessions -
180d avg - · 3/60 sessions -
IV 0.35 history building
30d avg - · 3/10 sessions -
90d avg - · 3/30 sessions -
180d avg - · 3/60 sessions -
Put-call 0.34 history building
30d avg - · 3/10 sessions -
90d avg - · 3/30 sessions -
180d avg - · 3/60 sessions -
Volume/OI 0.08 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 10:12 Mixed
Pressure 9
Move 7.4%
30 Jul 10:09 Bearish
Pressure -52
Move 7.6%
31 Jul 12:52 Bullish
Pressure 69
Move 6.8%
31 Jul 14:08 Bullish
Pressure 56
Move 6.6%
31 Jul 15:50 Bullish
Pressure 56
Move 6.9%

Strike Map

Where activity is clustering

Full strike map
Strike42.50
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike55.00
Calls · V 0 · OI 0
Puts · V 0 · OI 3
Strike60.00
Calls · V 0 · OI 29
Puts · V 1 · OI 61
Strike65.00
Calls · V 1 · OI 1
Puts · V 2 · OI 608
Strike67.50
Calls · V 0 · OI 0
Puts · V 24 · OI 46
Strike70.00
Calls · V 1 · OI 517
Puts · V 2 · OI 281
Strike72.50
Calls · V 6 · OI 888
Puts · V 11 · OI 416
Strike75.00
Calls · V 123 · OI 1163
Puts · V 117 · OI 288

Term Structure

Expiration activity

Volume and IV
Expiry21 Aug 2026
Contracts24
Avg IV0.35
Put-call0.56
Expiry18 Sep 2026
Contracts14
Avg IV0.30
Put-call0.24
Expiry16 Oct 2026
Contracts25
Avg IV0.30
Put-call2.81
Expiry15 Jan 2027
Contracts49
Avg IV0.29
Put-call0.16
Expiry17 Jun 2027
Contracts32
Avg IV0.24
Put-call0.14

Skew

Call/put IV balance

OTM demand
21 Aug 2026Balanced skew
Call IV0.34
Put IV0.35
Skew0.01
18 Sep 2026Balanced skew
Call IV0.30
Put IV0.31
Skew0.01
16 Oct 2026Balanced skew
Call IV0.29
Put IV0.30
Skew0.01
15 Jan 2027Put IV premium
Call IV0.27
Put IV0.35
Skew0.08
17 Jun 2027Call IV premium
Call IV0.28
Put IV0.02
Skew-0.27

Contract Tape

Most active contracts

Full contract tape
ContractQSR260821C00060000
SideCall
Expiry21 Aug 2026
Strike60.00
Volume-
OI29
IV0.77
ContractQSR270617P00095000
SidePut
Expiry17 Jun 2027
Strike95.00
Volume-
OI10
IV0.28
ContractQSR260821P00055000
SidePut
Expiry21 Aug 2026
Strike55.00
Volume-
OI3
IV0.92
ContractQSR270115C00037500
SideCall
Expiry15 Jan 2027
Strike37.50
Volume-
OI3
IV0.00
ContractQSR260821C00095000
SideCall
Expiry21 Aug 2026
Strike95.00
Volume-
OI2
IV0.70
ContractQSR270617C00120000
SideCall
Expiry17 Jun 2027
Strike120.00
Volume-
OI2
IV0.34
ContractQSR270617P00080000
SidePut
Expiry17 Jun 2027
Strike80.00
Volume-
OI1
IV0.37
ContractQSR260821C00100000
SideCall
Expiry21 Aug 2026
Strike100.00
Volume-
OI1
IV0.81