Ticker Options Intelligence

BWAY options intelligence

Brainsway Ltd options pressure, expected move, strike concentration, and Sharemaestro trend context.

Conviction 51 Market data through 31 Jul 2026 Checked 3 Aug 2026 14:19 · complete available chain

Call-side pressure

Bullish pressure

BWAY currently carries bullish options pressure with a 51/100 conviction score. The nearest-chain expected move is 10.6%, with volume/open-interest participation at 0.03.

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

Call-side pressure

Expected move 10.6%

Wider near-term move priced

Activity / OI 0.03

Current volume is quieter versus prior open interest

Put-call 0.00

Call-side skew

Trend fit 1

Options are not fully confirming trend

Weekly backdrop -4.6%

RS 23.5

Expected move 10.6%
Put-call volume -
Volume / OI 0.03
Reference IV 0.44
Max pain 10.00
Underlying 15.23
Nearest expiry 21 Aug 2026
Contracts 82

Research Brief

BWAY has a bullish chain read with 51/100 evidence alignment.

The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 13.62–16.84; The largest call open-interest concentration is 12.50; the largest put concentration is 17.50. The most active strike by current volume is 2.50.

Priced range13.62–16.84
Call concentration12.50
Put concentration17.50
Max pain reference10.00
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.

Priced Move

Where the chain says movement becomes exceptional

Size, not direction · through 21 Aug

Options imply 13.62 to 16.84. Max pain at 10.00 lies outside the priced range, so it is a weak near-term anchor.

Spot Max pain
13.6215.23 ± 1.6116.84
Confirmation level

A close beyond 16.84 or below 13.62 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 51/100

Evidence alignment, not probability

Pressure is 100/100 toward calls; 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 agreement1 × 26%
+0.3

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

Volatility71 × 10%
+7.1

The intensity of implied volatility and the priced move.

Reconstructed score51.3Matches stored calculation

Positioning by Strike

Where open interest and current activity concentrate

Full strike map

The largest call open-interest concentration is 12.50; the largest put concentration is 17.50. 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
2.50-83.6%
0
0
5.00-67.2%
0
0
7.50-50.8%
0
0
10.00-34.3%
7
0
12.50-17.9%
9
0
15.00-1.5%
8
1
17.5014.9%
2
0
20.0031.3%
0
0
22.5047.7%
0
0
25.0064.1%
0
Nearest spot strike Max pain strikeBars show relative OI within this expiry

Gamma Profile by Strike

Positive gamma proxy

Reported Greeks · 100% 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+$4,241Delta change / 1% move
Positive peak17.50+$2,411
Negative peak-No negative strike
Nearest balance-Interpolated sign change
StrikeNegativePositiveNet / 1% move
5.00-67.2%
+$3
8.75-42.5%
+$15
10.00-34.3%
+$124
11.25-26.1%
+$95
12.50-17.9%
+$179
15.00-1.5%
+$591
17.5014.9%
+$2,411
20.0031.3%
+$816
22.5047.7%
+$6
25.0064.1%
+$2
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

0.67× front/back

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

0.44 21 Aug 21d
0.60 18 Sep 49d
0.68 16 Oct 77d
0.65 15 Jan 168d

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.

13
15
18
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
31 Jul 2026
Calculation
v2.0
Contracts
82 / 82
  • 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

77/100
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 against weak price

Options are leaning call-side while the stock is down on the week, a divergence that needs price confirmation.

Why this matters

Earnings/event positioning matters because it connects the options headline to the actual evidence: $4,230 of estimated gross traded notional, calls · 91+ days · itm, and a bullish flow against weak price backdrop. Use it as a research priority signal, then validate the chart, liquidity, event calendar, and risk before acting.

Options pressure+100
1W price-4.6%
Call premium100%
Put premium0%
Notional split C 100% / P 0% Estimated gross traded notional uses volume × contract multiplier × midpoint, or last price when no valid midpoint is available.
Freshness 0.03 Volume divided by open interest across the visible chain.
Trend fit 1/100 Agreement between options pressure and Sharemaestro market context.
Event window 12 Aug Matched earnings event is 8 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 3 contracts traded, $1,890 estimated gross traded notional, and 45% of visible notional.
$1,890
Calls · 46-90 days · ATM calls cluster with 4 contracts traded, $1,100 estimated gross traded notional, and 26% of visible notional.
$1,100
Calls · 46-90 days · OTM calls cluster with 4 contracts traded, $620 estimated gross traded notional, and 15% of visible notional.
$620
Calls · 91+ days · ATM calls cluster with 2 contracts traded, $620 estimated gross traded notional, and 15% of visible notional.
$620

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.

Warning Bullish pressure over fair value

Call pressure is building while the stock sits above Sharemaestro 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

Sharemaestro weekly
Close15.23
1W-4.6%
RS23.5
Fair value+139.8%
Options pressure100
Speculation9
Volatility71
Trend fit1

Today Versus Normal

Stored-options context

View history
Expected move 10.6% history building
30d avg - · 3/10 sessions -
90d avg - · 3/30 sessions -
180d avg - · 3/60 sessions -
IV 0.44 history building
30d avg - · 3/10 sessions -
90d avg - · 3/30 sessions -
180d avg - · 3/60 sessions -
Put-call 0.00 history building
30d avg - · 3/10 sessions -
90d avg - · 3/30 sessions -
180d avg - · 3/60 sessions -
Volume/OI 0.03 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 11:21 Volatility
Pressure 100
Move 15.0%
30 Jul 11:09 Bearish
Pressure -33
Move 19.5%
31 Jul 02:10 Bullish
Pressure 61
Move 9.4%
31 Jul 13:40 Bullish
Pressure 100
Move 30.8%
31 Jul 14:56 Volatility
Pressure 100
Move 39.1%
3 Aug 13:19 Bullish
Pressure 100
Move 10.6%

Strike Map

Where activity is clustering

Full strike map
Strike2.50
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike5.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike7.50
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike10.00
Calls · V 0 · OI 7
Puts · V 0 · OI 0
Strike12.50
Calls · V 0 · OI 9
Puts · V 0 · OI 0
Strike15.00
Calls · V 0 · OI 8
Puts · V 0 · OI 0
Strike17.50
Calls · V 0 · OI 2
Puts · V 0 · OI 1
Strike20.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0

Term Structure

Expiration activity

Volume and IV
Expiry21 Aug 2026
Contracts20
Avg IV0.44
Put-call-
Expiry18 Sep 2026
Contracts20
Avg IV0.60
Put-call-
Expiry16 Oct 2026
Contracts22
Avg IV0.68
Put-call-
Expiry15 Jan 2027
Contracts20
Avg IV0.65
Put-call-

Skew

Call/put IV balance

OTM demand
21 Aug 2026Call IV premium
Call IV0.29
Put IV0.05
Skew-0.23
18 Sep 2026Put IV premium
Call IV0.18
Put IV1.09
Skew0.91
16 Oct 2026Call IV premium
Call IV0.83
Put IV0.68
Skew-0.16
15 Jan 2027Call IV premium
Call IV0.81
Put IV0.75
Skew-0.06

Contract Tape

Most active contracts

Full contract tape
ContractBWAY261016C00017500
SideCall
Expiry16 Oct 2026
Strike17.50
Volume4
OI97
IV0.83
ContractBWAY261016C00015000
SideCall
Expiry16 Oct 2026
Strike15.00
Volume4
OI23
IV0.94
ContractBWAY270115C00010000
SideCall
Expiry15 Jan 2027
Strike10.00
Volume3
OI3
IV0.85
ContractBWAY270115C00015000
SideCall
Expiry15 Jan 2027
Strike15.00
Volume2
OI48
IV0.71
ContractBWAY270115C00017500
SideCall
Expiry15 Jan 2027
Strike17.50
Volume-
OI88
IV0.76
ContractBWAY270115C00020000
SideCall
Expiry15 Jan 2027
Strike20.00
Volume-
OI74
IV0.81
ContractBWAY261016P00015000
SidePut
Expiry16 Oct 2026
Strike15.00
Volume-
OI14
IV0.57
ContractBWAY270115P00017500
SidePut
Expiry15 Jan 2027
Strike17.50
Volume-
OI10
IV0.68