Ticker Options Intelligence

ASX options intelligence

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

ASE Industrial Holding Co Ltd ADR options pressure, expected move, strike concentration, and Sharemaestro trend context.

Conviction 53 Market data through 5 Aug 2026 Checked 6 Aug 2026 11:01 · complete available chain

Volatility expansion watch

Volatility pressure

ASX currently carries volatility options pressure with a 53/100 conviction score. The nearest-chain expected move is 15.6%, with volume/open-interest participation at 0.04.

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

Primary read Volatility

Volatility expansion watch

Expected move 15.6%

Wider near-term move priced

Activity / OI 0.04

Current volume is quieter versus prior open interest

Put-call 0.58

Call-side skew

Trend fit 77

Options agree with trend context

Weekly backdrop -4.5%

RS 47.3

Expected move 15.6%

Put-call volume 0.58

Volume / OI 0.04

Reference IV 0.88

Max pain 37.50

Underlying 35.17

Nearest expiry 21 Aug 2026

Contracts 252

Research Brief

ASX has a volatility 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 29.70–40.64; The largest call open-interest concentration is 42.50; the largest put concentration is 32.50. The most active strike by current volume is 42.50.

Priced range29.70–40.64

Call concentration42.50

Put concentration32.50

Max pain reference37.50

What would confirm it

A clear directional pressure reading develops and price begins to agree.
The current chain read already agrees with the stored weekly trend context.

What would weaken it

Volatility falls and the chain remains directionally mixed.
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 29.70 to 40.64. Max pain at 37.50 sits inside that range, 6.6% above spot.

Spot Max pain

29.7035.17 ± 5.4740.64

Confirmation level

A close beyond 40.64 or below 29.70 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

Evidence alignment, not probability

Pressure is 35/100 toward calls; conviction uses its strength, while the signal label carries its direction.

Directional pressure35 × 42%

+14.5

How strongly activity leans toward calls or puts.

Participation41 × 22%

+9.0

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

Trend agreement77 × 26%

+20.1

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

Volatility96 × 10%

+9.6

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 42.50; the largest put concentration is 32.50. The most active strike by current volume is 42.50. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.

Put open interestStrikeCall open interest

242

20.00-43.1%

22.50-36.0%

487

25.00-28.9%

280

27.50-21.8%

1020

30.00-14.7%

2224

32.50-7.6%

305

1624

35.00-0.5%

835

885

37.506.6%

534

410

40.0013.7%

815

101

42.5020.8%

17740

136

45.0027.9%

1740

47.5035.1%

11918

50.0042.2%

3196

55.0056.4%

597

60.0070.6%

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

Gamma Profile by Strike

Positive gamma proxy

Reported Greeks · 99% coverage

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+$2.2MDelta change / 1% move

Positive peak42.50+$1.1M

Negative peak30.00-$82,199

Nearest balance33.78Interpolated sign change

StrikeNegativePositiveNet / 1% move

10.00-71.6%

-$70

12.50-64.5%

+$897

15.00-57.4%

+$289

17.50-50.2%

-$76

20.00-43.1%

+$1,113

22.50-36.0%

+$4,082

25.00-28.9%

+$28,196

27.50-21.8%

-$32,812

30.00-14.7%

-$82,199

32.50-7.6%

-$77,065

35.00-0.5%

+$73,045

37.506.6%

+$25,366

40.0013.7%

+$110,395

42.5020.8%

+$1.1M

45.0027.9%

+$164,570

47.5035.1%

+$459,266

50.0042.2%

+$212,109

52.5049.3%

+$467

55.0056.4%

+$78,100

60.0070.6%

+$110,235

65.0084.8%

+$12,565

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

1.16× front/back

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

0.88 21 Aug 16d

0.81 18 Sep 44d

0.84 18 Dec 135d

0.81 15 Jan 163d

0.81 19 Mar 226d

0.77 21 Jan 534d

0.76 15 Dec 863d

Volatility by Strike

Balanced wings

Nearest expiry, within 20% of spot

Comparable upside calls and downside puts carry broadly similar implied volatility.

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

Usable with limits

C69/100

Retained chain100%

Implied volatility100%

Two-sided quotes100%

Open interest100%

Chain status: Complete available chain
Market date: 5 Aug 2026
Calculation: v2.0
Contracts: 252 / 252

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

92/100

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: $1.4M of estimated gross traded notional, calls · 91+ days · otm, 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+35

1W price-4.5%

Call premium72%

Put premium28%

Notional split C 72% / P 28% Estimated gross traded notional uses volume × contract multiplier × midpoint, or last price when no valid midpoint is available.

Freshness 0.04 Volume divided by open interest across the visible chain.

Trend fit 77/100 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 · 91+ days · OTM

Calls · 91+ days · OTM calls cluster with 905 contracts traded, $518,360 estimated gross traded notional, and 38% of visible notional.

$518,360

Calls · 22-45 days · OTM calls cluster with 976 contracts traded, $164,870 estimated gross traded notional, and 12% of visible notional.

$164,870

Puts · 22-45 days · ATM puts cluster with 526 contracts traded, $163,060 estimated gross traded notional, and 12% of visible notional.

$163,060

Calls · 91+ days · ITM calls cluster with 100 contracts traded, $141,435 estimated gross traded notional, and 10% of visible notional.

$141,435

Puts · 22-45 days · OTM puts cluster with 581 contracts traded, $123,416 estimated gross traded notional, and 9% of visible notional.

$123,416

Setup Classification

Opportunity and risk frame

Context, not advice

Positive Options-confirmed trend

Positioning agrees with the Sharemaestro trend backdrop.

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.

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

Close35.17

1W-4.5%

RS47.3

Fair value+158.0%

Options pressure35

Speculation41

Volatility96

Trend fit77

Today Versus Normal

Stored-options context

View history

Expected move 15.6% history building

30d avg - · 6/10 sessions -

90d avg - · 6/30 sessions -

180d avg - · 6/60 sessions -

IV 0.88 history building

30d avg - · 6/10 sessions -

90d avg - · 6/30 sessions -

180d avg - · 6/60 sessions -

Put-call 0.58 history building

30d avg - · 6/10 sessions -

90d avg - · 6/30 sessions -

180d avg - · 6/60 sessions -

Volume/OI 0.04 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 10:03 Volatility

Pressure 66

Move 22.2%

30 Jul 10:02 Mixed

Pressure -3

Move 21.4%

30 Jul 15:19 Volatility

Pressure 36

Move 17.4%

30 Jul 17:45 Volatility

Pressure 57

Move 17.6%

30 Jul 19:34 Volatility

Pressure 58

Move 17.5%

31 Jul 12:32 Volatility

Pressure 66

Move 17.6%

31 Jul 14:14 Mixed

Pressure -3

Move 16.6%

31 Jul 15:36 Volatility

Pressure 24

Move 17.2%

Strike Map

Where activity is clustering

Full strike map

Strike20.00

Calls · V 0 · OI 68

Puts · V 0 · OI 242

Strike22.50

Calls · V 0 · OI 0

Puts · V 0 · OI 50

Strike25.00

Calls · V 0 · OI 1

Puts · V 1 · OI 487

Strike27.50

Calls · V 0 · OI 2

Puts · V 38 · OI 280

Strike30.00

Calls · V 0 · OI 15

Puts · V 140 · OI 1020

Strike32.50

Calls · V 42 · OI 305

Puts · V 23 · OI 2224

Strike35.00

Calls · V 7 · OI 835

Puts · V 80 · OI 1624

Strike37.50

Calls · V 25 · OI 534

Puts · V 10 · OI 885

Term Structure

Expiration activity

Volume and IV

Expiry21 Aug 2026

Contracts30

Avg IV0.88

Put-call0.55

Expiry18 Sep 2026

Contracts46

Avg IV0.81

Put-call1.15

Expiry18 Dec 2026

Contracts36

Avg IV0.84

Put-call0.67

Expiry15 Jan 2027

Contracts38

Avg IV0.81

Put-call0.05

Expiry19 Mar 2027

Contracts30

Avg IV0.81

Put-call0.33

Skew

Call/put IV balance

OTM demand

21 Aug 2026Balanced skew

Call IV0.83

Put IV0.88

Skew0.05

18 Sep 2026Balanced skew

Call IV0.84

Put IV0.83

Skew-0.01

18 Dec 2026Balanced skew

Call IV0.82

Put IV0.82

Skew-

15 Jan 2027Balanced skew

Call IV0.82

Put IV0.81

Skew-0.01

19 Mar 2027Balanced skew

Call IV0.81

Put IV0.82

Skew0.01

Contract Tape

Most active contracts

Full contract tape

ContractASX270115C00045000

SideCall

Expiry15 Jan 2027

Strike45.00

Volume736

OI545

IV0.82

ContractASX260918P00032500

SidePut

Expiry18 Sep 2026

Strike32.50

Volume550

OI3098

IV0.83

ContractASX260918P00035000

SidePut

Expiry18 Sep 2026

Strike35.00

Volume526

OI1865

IV0.81

ContractASX260918C00050000

SideCall

Expiry18 Sep 2026

Strike50.00

Volume463

OI3527

IV0.85

ContractASX260918C00040000

SideCall

Expiry18 Sep 2026

Strike40.00

Volume208

OI4787

IV0.84

ContractASX260821C00042500

SideCall

Expiry21 Aug 2026

Strike42.50

Volume200

OI17740

IV0.83

ContractASX260821C00047500

SideCall

Expiry21 Aug 2026

Strike47.50

Volume178

OI11918

IV0.92

ContractASX260821P00030000

SidePut

Expiry21 Aug 2026

Strike30.00

Volume140

OI1020

IV0.87

ASX options intelligence

Volatility pressure

ASX has a volatility chain read with 53/100 evidence alignment.

Where the chain says movement becomes exceptional

Why conviction is 53/100

Where open interest and current activity concentrate

Positive gamma proxy

Front-loaded volatility

Balanced wings

How matured reads behaved through expiry

Usable with limits

Volatility expansion bet

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