Ticker Options Intelligence

TK options intelligence

Teekay Corporation options pressure, expected move, strike concentration, and Sharemaestro trend context.

Conviction 40 Market data through 10 Aug 2026 Checked 11 Aug 2026 12:55 · complete available chain

Call-side pressure

Bullish pressure

TK currently carries bullish options pressure with a 40/100 conviction score. The nearest-chain expected move is 16.1%, 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 Bullish

Call-side pressure

Expected move 16.1%

Wider near-term move priced

Activity / OI 0.00

Current volume is quieter versus prior open interest

Put-call 0.59

Call-side skew

Trend fit 55

Options are not fully confirming trend

Weekly backdrop -2.8%

RS 2.1

Expected move 16.1%
Put-call volume 0.59
Volume / OI 0.00
Reference IV 0.81
Max pain 10.00
Underlying 11.32
Nearest expiry 21 Aug 2026
Contracts 106

Research Brief

TK has a bullish chain read with 40/100 evidence alignment.

The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 9.49–13.15; The largest call open-interest concentration is 12.50; the largest put concentration is 10.00. The most active strike by current volume is 10.00.

Priced range9.49–13.15
Call concentration12.50
Put concentration10.00
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.
  • 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 9.49 to 13.15. Max pain at 10.00 sits inside that range, 11.7% below spot.

Spot Max pain
9.4911.32 ± 1.8313.15
Confirmation level

A close beyond 13.15 or below 9.49 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 40/100

Evidence alignment, not probability

Pressure is 36/100 toward calls; conviction uses its strength, while the signal label carries its direction.

Directional pressure36 × 42%
+15.3

How strongly activity leans toward calls or puts.

Participation4 × 22%
+0.9

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

Trend agreement55 × 26%
+14.3

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 score40.1Matches 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 10.00. The most active strike by current volume is 10.00. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.

Put open interestStrikeCall open interest
0
2.50-77.9%
0
0
5.00-55.8%
0
0
7.50-33.7%
4
73
10.00-11.7%
49
1
12.5010.4%
163
0
15.0032.5%
2
0
17.5054.6%
8
0
20.0076.7%
0
0
22.5098.8%
0
Nearest spot strike Max pain strikeBars show relative OI within this expiry

Gamma Profile by Strike

Positive gamma proxy

Reported + model-estimated 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+$51,191Delta change / 1% move
Positive peak14.00+$33,121
Negative peak10.00-$387
Nearest balance10.12Interpolated sign change
StrikeNegativePositiveNet / 1% move
1.50-86.7%
+$1
4.00-64.7%
+$3
6.50-42.6%
+$68
7.50-33.7%
+$22
9.00-20.5%
+$5,676
10.00-11.7%
-$387
11.501.6%
+$4,418
12.5010.4%
+$6,214
14.0023.7%
+$33,121
15.0032.5%
+$435
16.5045.8%
+$1,495
17.5054.6%
+$19
19.0067.8%
+$87
20.0076.7%
+$1
21.5089.9%
+$18
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

2.29× front/back

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

0.81 21 Aug 11d
0.44 18 Sep 39d
0.38 16 Oct 67d
0.36 15 Jan 158d

Volatility by Strike

Balanced wings

Nearest expiry, within 20% of spot

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

10
13
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
10 Aug 2026
Calculation
v2.0
Contracts
106 / 106
  • 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

Call-heavy activity with trend alignment

74/100
Primary intent Call-heavy activity with trend alignment

Call concentration and the underlying trend align, but aggregate volume cannot establish whether calls were bought or sold.

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

Call-heavy activity with trend alignment matters because it connects the options headline to the actual evidence: $1,715 of estimated gross traded notional, calls · 8-21 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+36
1W price-2.8%
Call premium71%
Put premium29%
Notional split C 71% / P 29% 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 55/100 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 · 8-21 days · ITM
Calls · 8-21 days · ITM calls cluster with 7 contracts traded, $840 estimated gross traded notional, and 49% of visible notional.
$840
Puts · 91+ days · OTM puts cluster with 10 contracts traded, $500 estimated gross traded notional, and 29% of visible notional.
$500
Calls · 91+ days · OTM calls cluster with 10 contracts traded, $375 estimated gross traded notional, and 22% of visible notional.
$375

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.

Warning Bullish pressure over fair value

Call pressure is building while the stock sits above Sharemaestro fair value.

Activity Anomaly

Warming up

-

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

Baseline: 9 completed sessions

Volume rank-
Volume/OI rank-
IV rank-

Market Context

Underlying confirmation

Sharemaestro weekly
Close11.32
1W-2.8%
RS2.1
Fair value+65.1%
Options pressure36
Speculation4
Volatility96
Trend fit55

Today Versus Normal

Stored-options context

View history
Expected move 16.1% history building
30d avg - · 9/10 sessions -
90d avg - · 9/30 sessions -
180d avg - · 9/60 sessions -
IV 0.81 history building
30d avg - · 9/10 sessions -
90d avg - · 9/30 sessions -
180d avg - · 9/60 sessions -
Put-call 0.59 history building
30d avg - · 9/10 sessions -
90d avg - · 9/30 sessions -
180d avg - · 9/60 sessions -
Volume/OI 0.00 history building
30d avg - · 9/10 sessions -
90d avg - · 9/30 sessions -
180d avg - · 9/60 sessions -

Pressure Trail

Recent pressure and volatility

Open trail
29 Jul 11:13 Volatility
Pressure 100
Move 13.8%
30 Jul 11:00 Volatility
Pressure 100
Move 19.7%
31 Jul 10:41 Bullish
Pressure 100
Move 10.2%
2 Aug 05:16 Bullish
Pressure 100
Move 10.8%
4 Aug 10:20 Volatility
Pressure 100
Move 9.4%
5 Aug 10:52 Mixed
Pressure 11
Move 9.4%
6 Aug 11:01 Mixed
Pressure 14
Move 14.2%
7 Aug 12:43 Volatility
Pressure 96
Move 12.4%

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 4
Puts · V 0 · OI 0
Strike10.00
Calls · V 7 · OI 49
Puts · V 0 · OI 73
Strike12.50
Calls · V 0 · OI 163
Puts · V 0 · OI 1
Strike15.00
Calls · V 0 · OI 2
Puts · V 0 · OI 0
Strike17.50
Calls · V 0 · OI 8
Puts · V 0 · OI 0
Strike20.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0

Term Structure

Expiration activity

Volume and IV
Expiry21 Aug 2026
Contracts18
Avg IV0.81
Put-call-
Expiry18 Sep 2026
Contracts16
Avg IV0.44
Put-call-
Expiry16 Oct 2026
Contracts36
Avg IV0.38
Put-call-
Expiry15 Jan 2027
Contracts36
Avg IV0.36
Put-call1.00

Skew

Call/put IV balance

OTM demand
21 Aug 2026Balanced skew
Call IV0.35
Put IV0.37
Skew0.02
18 Sep 2026Put IV premium
Call IV0.18
Put IV0.41
Skew0.22
16 Oct 2026Call IV premium
Call IV0.63
Put IV0.45
Skew-0.18
15 Jan 2027Balanced skew
Call IV0.40
Put IV0.38
Skew-0.02

Contract Tape

Most active contracts

Full contract tape
ContractTK270115C00014000
SideCall
Expiry15 Jan 2027
Strike14.00
Volume10
OI338
IV0.40
ContractTK270115P00010000
SidePut
Expiry15 Jan 2027
Strike10.00
Volume10
OI20
IV0.38
ContractTK260821C00010000
SideCall
Expiry21 Aug 2026
Strike10.00
Volume7
OI49
IV0.36
ContractTK261016C00014000
SideCall
Expiry16 Oct 2026
Strike14.00
Volume-
OI2102
IV0.63
ContractTK261016C00009000
SideCall
Expiry16 Oct 2026
Strike9.00
Volume-
OI975
IV0.68
ContractTK261016C00016500
SideCall
Expiry16 Oct 2026
Strike16.50
Volume-
OI586
IV0.40
ContractTK261016C00011500
SideCall
Expiry16 Oct 2026
Strike11.50
Volume-
OI303
IV0.47
ContractTK270115C00009000
SideCall
Expiry15 Jan 2027
Strike9.00
Volume-
OI295
IV0.01

Research Graph

Related research and context

Ticker deep links

Related News

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Market Watch

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Earnings

No upcoming matched earnings event.

Evidence context