Ticker Options Intelligence

BL options intelligence

Blackline Inc options pressure, expected move, strike concentration, and Sharemaestro trend context.

Conviction 62 Market data through 30 Jul 2026 Checked 31 Jul 2026 11:35 · complete available chain

Volatility expansion watch

Volatility pressure

BL currently carries volatility options pressure with a 62/100 conviction score. The nearest-chain expected move is 21.4%, with volume/open-interest participation at 0.00.

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

Volatility expansion watch

Expected move 21.4%

Wider near-term move priced

Activity / OI 0.00

Current volume is quieter versus prior open interest

Put-call 8.88

Put-side skew

Trend fit 70

Options agree with trend context

Weekly backdrop +9.3%

RS -34.4

Expected move 21.4%
Put-call volume 8.88
Volume / OI 0.00
Reference IV 0.89
Max pain 40.00
Underlying 28.74
Nearest expiry 21 Aug 2026
Contracts 276

Research Brief

BL has a volatility chain read with 62/100 evidence alignment.

The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 22.59–34.89; The largest call open-interest concentration is 30.00; the largest put concentration is 25.00. The most active strike by current volume is 25.00.

Priced range22.59–34.89
Call concentration30.00
Put concentration25.00
Max pain reference40.00
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 22.59 to 34.89. Max pain at 40.00 lies outside the priced range, so it is a weak near-term anchor.

Spot Max pain
22.5928.74 ± 6.1534.89
Confirmation level

A close beyond 34.89 or below 22.59 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 62/100

Evidence alignment, not probability

Pressure is 71/100 toward puts; conviction uses its strength, while the signal label carries its direction.

Directional pressure71 × 42%
+29.8

How strongly activity leans toward calls or puts.

Participation20 × 22%
+4.4

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

Trend agreement70 × 26%
+18.1

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

Volatility96 × 10%
+9.6

The intensity of implied volatility and the priced move.

Reconstructed score61.9Matches stored calculation

Positioning by Strike

Where open interest and current activity concentrate

Full strike map

The largest call open-interest concentration is 30.00; the largest put concentration is 25.00. 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
2
17.50-39.1%
0
114
20.00-30.4%
0
321
22.50-21.7%
10
4226
25.00-13.0%
3
110
27.50-4.3%
23
1012
30.004.4%
202
8
32.5013.1%
43
389
35.0021.8%
64
0
37.5030.5%
14
171
40.0039.2%
85
266
42.5047.9%
16
0
45.0056.6%
6
0
50.0074.0%
3
29
52.5082.7%
11
0
55.0091.4%
4
0
57.50100.1%
7
0
62.50117.5%
2
Nearest spot strike Max pain strikeBars show relative OI within this expiry

Volatility Curve

Front-loaded volatility

1.23× front/back

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

0.89 21 Aug 22d
0.72 18 Sep 50d
0.77 20 Nov 113d
0.75 18 Dec 141d
0.75 15 Jan 169d
0.75 19 Feb 204d
0.72 19 Mar 232d
0.72 17 Dec 505d

Volatility by Strike

Balanced wings

Nearest expiry, within 20% of spot

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

25
28
30
33
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

Usable with limits

C69/100
Retained chain100%
Implied volatility100%
Two-sided quotes100%
Open interest100%
Chain status
Complete available chain
Market date
30 Jul 2026
Calculation
v2.0
Contracts
276 / 276
  • 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

86/100
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 Volatility flow versus price

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

Why this matters

Earnings/event positioning matters because it connects the options headline to the actual evidence: $13812 of estimated gross traded notional, puts · 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-71
1W price+9.3%
Call premium28%
Put premium72%
Notional split C 28% / P 72% Estimated gross traded notional uses volume × contract multiplier × midpoint, or last price when no valid midpoint is available.
Freshness 0.00 Volume divided by open interest across the visible chain.
Trend fit 70/100 Agreement between options pressure and Sharemaestro market context.
Event window 4 Aug Matched earnings event is 2 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 Puts · 91+ days · OTM
Puts · 91+ days · OTM puts cluster with 71 contracts traded, $9998 estimated gross traded notional, and 72% of visible notional.
$9998
Calls · 46-90 days · OTM calls cluster with 5 contracts traded, $1400 estimated gross traded notional, and 10% of visible notional.
$1400
Calls · 8-21 days · ITM calls cluster with 2 contracts traded, $1270 estimated gross traded notional, and 9% of visible notional.
$1270
Calls · 91+ days · ITM calls cluster with 1 contracts traded, $1145 estimated gross traded notional, and 8% of visible notional.
$1145

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

-

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

Baseline: 2 completed sessions

Volume rank-
Volume/OI rank-
IV rank-

Market Context

Underlying confirmation

Sharemaestro weekly
Close31.40
1W+9.3%
RS-34.4
Fair value-38.7%
Options pressure-71
Speculation20
Volatility96
Trend fit70

Today Versus Normal

Stored-options context

View history
Expected move 21.4% history building
30d avg - · 2/10 sessions -
90d avg - · 2/30 sessions -
180d avg - · 2/60 sessions -
IV 0.89 history building
30d avg - · 2/10 sessions -
90d avg - · 2/30 sessions -
180d avg - · 2/60 sessions -
Put-call 8.88 history building
30d avg - · 2/10 sessions -
90d avg - · 2/30 sessions -
180d avg - · 2/60 sessions -
Volume/OI 0.00 history building
30d avg - · 2/10 sessions -
90d avg - · 2/30 sessions -
180d avg - · 2/60 sessions -

Pressure Trail

Recent pressure and volatility

Open trail
29 Jul 11:05 Volatility
Pressure -75
Move 22.6%
30 Jul 10:53 Volatility
Pressure 97
Move 23.5%
31 Jul 10:35 Volatility
Pressure -71
Move 21.4%

Strike Map

Where activity is clustering

Full strike map
Strike15.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike17.50
Calls · V 0 · OI 0
Puts · V 0 · OI 2
Strike20.00
Calls · V 0 · OI 0
Puts · V 0 · OI 114
Strike22.50
Calls · V 0 · OI 10
Puts · V 0 · OI 321
Strike25.00
Calls · V 2 · OI 3
Puts · V 0 · OI 4226
Strike27.50
Calls · V 0 · OI 23
Puts · V 0 · OI 110
Strike30.00
Calls · V 0 · OI 202
Puts · V 0 · OI 1012
Strike32.50
Calls · V 0 · OI 43
Puts · V 0 · OI 8

Term Structure

Expiration activity

Volume and IV
Expiry21 Aug 2026
Contracts52
Avg IV0.89
Put-call-
Expiry18 Sep 2026
Contracts28
Avg IV0.72
Put-call-
Expiry20 Nov 2026
Contracts32
Avg IV0.77
Put-call-
Expiry18 Dec 2026
Contracts52
Avg IV0.75
Put-call-
Expiry15 Jan 2027
Contracts28
Avg IV0.75
Put-call-

Skew

Call/put IV balance

OTM demand
21 Aug 2026Put IV premium
Call IV0.90
Put IV0.98
Skew0.08
18 Sep 2026Put IV premium
Call IV0.16
Put IV0.81
Skew0.65
20 Nov 2026Balanced skew
Call IV0.74
Put IV0.78
Skew0.04
18 Dec 2026Put IV premium
Call IV0.64
Put IV0.77
Skew0.13
15 Jan 2027Put IV premium
Call IV0.68
Put IV0.75
Skew0.07

Contract Tape

Most active contracts

Full contract tape
ContractBL261120P00020000
SidePut
Expiry20 Nov 2026
Strike20.00
Volume70
OI53
IV0.93
ContractBL260918C00032500
SideCall
Expiry18 Sep 2026
Strike32.50
Volume5
OI2
IV0.78
ContractBL260821C00025000
SideCall
Expiry21 Aug 2026
Strike25.00
Volume2
OI3
IV0.93
ContractBL261120P00022500
SidePut
Expiry20 Nov 2026
Strike22.50
Volume1
OI35
IV0.89
ContractBL270219C00022500
SideCall
Expiry19 Feb 2027
Strike22.50
Volume1
OI1
IV0.81
ContractBL261218C00027500
SideCall
Expiry18 Dec 2026
Strike27.50
Volume-
OI23465
IV0.75
ContractBL270319C00027500
SideCall
Expiry19 Mar 2027
Strike27.50
Volume-
OI5000
IV0.73
ContractBL260821P00025000
SidePut
Expiry21 Aug 2026
Strike25.00
Volume-
OI4226
IV0.85