Primary read
Bearish
Put-side pressure
Ticker Options Intelligence
OZK options intelligence
Bank Ozk options pressure, expected move, strike concentration, and Sharemaestro trend context.
Conviction
52
Market data through 12 Aug 2026
Checked 12 Aug 2026 21:41 · complete available chain
Put-side pressure
Bearish pressure
OZK currently carries bearish options pressure with a 52/100 conviction score. The nearest-chain expected move is 3.2%, with volume/open-interest participation at 0.07.
Expected move
3.2%
Near-term move context
Activity / OI
0.07
Current volume is quieter versus prior open interest
Put-call
3.39
Put-side skew
Trend fit
54
Options are not fully confirming trend
Weekly backdrop
+0.2%
RS -6.1
Expected move
3.2%
Put-call volume
3.39
Volume / OI
0.07
Reference IV
0.43
Max pain
50.00
Underlying
51.41
Nearest expiry
21 Aug 2026
Contracts
148
Research Brief
OZK has a bearish chain read with 52/100 evidence alignment.
The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 49.76–53.06; The largest call open-interest concentration is 55.00; the largest put concentration is 42.50. The most active strike by current volume is 60.00.
Priced range49.76–53.06
Call concentration55.00
Put concentration42.50
Max pain reference50.00
- Price remains weak while put-side concentration persists.
- Participation is above the ticker's stored normal, which makes the read more noteworthy.
- Price recovers while put pressure fades or reverses toward calls.
- 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
Options imply 49.76 to 53.06. Max pain at 50.00 sits inside that range, 2.7% below spot.
Spot
Max pain
49.7651.41 ± 1.6553.06
Confirmation level
A close beyond 53.06 or below 49.76 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 52/100
Pressure is 58/100 toward puts; conviction uses its strength, while the signal label carries its direction.
Directional pressure58 × 42%
+24.3
How strongly activity leans toward calls or puts.
Participation42 × 22%
+9.2
Volume relative to existing open interest and contract-level activity.
Trend agreement54 × 26%
+14.0
How closely the chain read agrees with the underlying trend backdrop.
Volatility43 × 10%
+4.3
The intensity of implied volatility and the priced move.
Positioning by Strike
Where open interest and current activity concentrate
The largest call open-interest concentration is 55.00; the largest put concentration is 42.50. The most active strike by current volume is 60.00. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.
Put open interestStrikeCall open interest
0
22.50-56.2%
0
0
25.00-51.4%
0
22
27.50-46.5%
0
20
30.00-41.6%
0
7
32.50-36.8%
0
421
35.00-31.9%
0
1031
37.50-27.1%
0
112
40.00-22.2%
1
1688
42.50-17.3%
18
359
45.00-12.5%
41
359
47.50-7.6%
167
492
50.00-2.7%
358
77
52.502.1%
1038
8
55.007.0%
2038
0
57.5011.8%
112
0
60.0016.7%
100
0
65.0026.4%
4
Nearest spot strike Max pain strikeBars show relative OI within this expiry
Gamma Profile by Strike
Positive gamma proxy
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+$540,853Delta change / 1% move
Positive peak55.00+$485,196
Negative peak50.00-$195,353
Nearest balance50.82Interpolated sign change
StrikeNegativePositiveNet / 1% move
20.00-61.1%
-$3,723
22.50-56.2%
-$7,431
25.00-51.4%
-$152
27.50-46.5%
-$776
30.00-41.6%
-$6,350
32.50-36.8%
-$84
35.00-31.9%
-$2,747
37.50-27.1%
-$42,526
40.00-22.2%
-$23,898
42.50-17.3%
-$88,176
45.00-12.5%
-$51,827
47.50-7.6%
-$54,153
50.00-2.7%
-$195,353
52.502.1%
+$398,796
55.007.0%
+$485,196
57.5011.8%
+$63,474
60.0016.7%
+$63,699
65.0026.4%
+$2,719
70.0036.2%
+$1,004
75.0045.9%
+$3,162
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
Near-term options are materially richer than later expirations, consistent with concentrated event or immediate-risk pricing.
0.43
21 Aug
9d
0.28
18 Sep
37d
0.29
20 Nov
100d
0.29
15 Jan
156d
0.31
19 Feb
191d
0.28
21 Jan
527d
Volatility by Strike
Downside protection premium
Out-of-the-money puts carry higher implied volatility than comparable calls, indicating richer downside protection.
43
45
48
50
53
55
58
60
Put IV Call IV
Historical Replay
How matured reads behaved through expiry
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
High
Retained chain100%
Implied volatility100%
Two-sided quotes100%
Open interest100%
- Chain status
- Complete available chain
- Market date
- 12 Aug 2026
- Calculation
- v2.0
- Contracts
- 148 / 148
- 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
Put-heavy activity
Put-side activity dominates. This can reflect hedging or directional positioning, but the chain alone cannot distinguish buying from selling.
Put-side pressure is present before a decisive weekly price breakdown.
Put-heavy activity matters because it connects the options headline to the actual evidence: $448,593 of estimated gross traded notional, calls · 91+ days · itm, and a bearish flow before price confirmation backdrop. Use it as a research priority signal, then validate the chart, liquidity, event calendar, and risk before acting.
Options pressure-58
1W price+0.2%
Call premium60%
Put premium40%
Notional split
C 60% / P 40%
Estimated gross traded notional uses volume × contract multiplier × midpoint, or last price when no valid midpoint is available.
Freshness
0.07
Volume divided by open interest across the visible chain.
Trend fit
54/100
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.
Calls · 91+ days · ITM
calls cluster with 116 contracts traded, $196,115 estimated gross traded notional, and 44% of visible notional.
$196,115
Puts · 91+ days · OTM
puts cluster with 929 contracts traded, $136,954 estimated gross traded notional, and 31% of visible notional.
$136,954
Calls · 8-21 days · ITM
calls cluster with 36 contracts traded, $55,318 estimated gross traded notional, and 12% of visible notional.
$55,318
Puts · 91+ days · ITM
puts cluster with 28 contracts traded, $29,480 estimated gross traded notional, and 7% of visible notional.
$29,480
Calls · 91+ days · OTM
calls cluster with 44 contracts traded, $7,020 estimated gross traded notional, and 2% of visible notional.
$7,020
Setup Classification
Opportunity and risk frame
The tape is pricing or displaying unusually elevated activity.
Activity Anomaly
High anomaly
Current options activity is unusually hot versus this ticker's stored history.
Baseline: 10 completed sessions
Volume rank90th
Volume/OI rank90th
IV rank100th
Market Context
Underlying confirmation
Close51.41
1W+0.2%
RS-6.1
Fair value+18.2%
Options pressure-58
Speculation42
Volatility43
Trend fit54
Today Versus Normal
Stored-options context
30d avg 4.8% · 10 sessions
0th
90d avg - · 10/30 sessions
-
180d avg - · 10/60 sessions
-
30d avg 0.28 · 10 sessions
100th
90d avg - · 10/30 sessions
-
180d avg - · 10/60 sessions
-
30d avg 1.34 · 10 sessions
90th
90d avg - · 10/30 sessions
-
180d avg - · 10/60 sessions
-
30d avg 0.02 · 10 sessions
90th
90d avg - · 10/30 sessions
-
180d avg - · 10/60 sessions
-
Pressure Trail
Recent pressure and volatility
29 Jul 10:38
Bullish
Pressure 18
Move 6.0%
30 Jul 10:35
Bullish
Pressure 93
Move 6.3%
31 Jul 10:23
Bullish
Pressure 29
Move 5.4%
31 Jul 17:29
Bearish
Pressure -30
Move 5.6%
31 Jul 19:41
Bearish
Pressure -30
Move 5.2%
31 Jul 23:44
Bearish
Pressure -29
Move 5.9%
1 Aug 00:14
Bearish
Pressure -29
Move 5.9%
1 Aug 09:08
Mixed
Pressure -14
Move 5.9%
Strike Map
Where activity is clustering
Strike22.50
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike25.00
Calls · V 1 · OI 0
Puts · V 1 · OI 0
Strike27.50
Calls · V 0 · OI 0
Puts · V 20 · OI 22
Strike30.00
Calls · V 20 · OI 0
Puts · V 10 · OI 20
Strike32.50
Calls · V 0 · OI 0
Puts · V 1 · OI 7
Strike35.00
Calls · V 0 · OI 0
Puts · V 3 · OI 421
Strike37.50
Calls · V 0 · OI 0
Puts · V 18 · OI 1031
Strike40.00
Calls · V 1 · OI 1
Puts · V 8 · OI 112
Term Structure
Expiration activity
Expiry21 Aug 2026
Contracts28
Avg IV0.43
Put-call0.67
Expiry18 Sep 2026
Contracts14
Avg IV0.28
Put-call2.10
Expiry20 Nov 2026
Contracts25
Avg IV0.29
Put-call2.15
Expiry15 Jan 2027
Contracts35
Avg IV0.29
Put-call0.33
Expiry19 Feb 2027
Contracts12
Avg IV0.31
Put-call1.20
Skew
Call/put IV balance
21 Aug 2026Balanced skew
Call IV0.35
Put IV0.33
Skew-0.02
18 Sep 2026Balanced skew
Call IV0.24
Put IV0.26
Skew0.02
20 Nov 2026Balanced skew
Call IV0.26
Put IV0.26
Skew0.00
15 Jan 2027Balanced skew
Call IV0.33
Put IV0.28
Skew-0.05
19 Feb 2027Balanced skew
Call IV0.30
Put IV0.32
Skew0.02
Contract Tape
Most active contracts
ContractOZK270219C00055000
SideCall
Expiry19 Feb 2027
Strike55.00
Volume-
OI23
IV0.30
ContractOZK280121P00065000
SidePut
Expiry21 Jan 2028
Strike65.00
Volume-
OI22
IV0.51
ContractOZK261120C00035000
SideCall
Expiry20 Nov 2026
Strike35.00
Volume-
OI7
IV0.89
ContractOZK260918P00037500
SidePut
Expiry18 Sep 2026
Strike37.50
Volume-
OI5
IV0.77
ContractOZK270115C00025000
SideCall
Expiry15 Jan 2027
Strike25.00
Volume-
OI3
IV0.69
ContractOZK270219P00035000
SidePut
Expiry19 Feb 2027
Strike35.00
Volume-
OI3
IV0.49
ContractOZK260918P00035000
SidePut
Expiry18 Sep 2026
Strike35.00
Volume-
OI3
IV0.85
ContractOZK270115P00022500
SidePut
Expiry15 Jan 2027
Strike22.50
Volume-
OI2
IV0.97
Research Graph
Related research and context
Sharemaestro research
Related News
No recent ticker-specific news yet.
Market Watch
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Plain English Guide
Options context
What usually looks constructive
What usually looks cautious
Options can move quickly and can lose value fast. Treat this as research context, not a buy or sell instruction.