Ticker Options Intelligence

ICE options intelligence

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

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

Conviction 42 Market data through 14 Sep 2026 Checked 15 Sep 2026 13:20 · complete available chain

Call-side pressure

Bullish pressure

ICE currently carries bullish options pressure with a 42/100 conviction score. The nearest-chain expected move is 2.5%, with volume/open-interest participation at 0.06.

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

Primary read Bullish

Call-side pressure

Expected move 2.5%

Near-term move context

Activity / OI 0.06

Current volume is quieter versus prior open interest

Put-call 0.23

Call-side skew

Trend fit 0

Options are not fully confirming trend

Weekly backdrop -2.4%

RS -7.0

Expected move 2.5%

Put-call volume 0.23

Volume / OI 0.06

Reference IV 0.26

Max pain 145.00

Underlying 157.40

Nearest expiry 18 Sep 2026

Contracts 968

Research Brief

ICE has a bullish chain read with 42/100 evidence alignment.

The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 153.45–161.35; The largest call open-interest concentration is 145.00; the largest put concentration is 150.00. The most active strike by current volume is 162.50.

Priced range153.45–161.35

Call concentration145.00

Put concentration150.00

Max pain reference145.00

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 18 Sep

Options imply 153.45 to 161.35. Max pain at 145.00 lies outside the priced range, so it is a weak near-term anchor.

Spot Max pain

153.45157.40 ± 3.95161.35

Confirmation level

A close beyond 161.35 or below 153.45 at the 18 Sep 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 42/100

Evidence alignment, not probability

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

Directional pressure71 × 42%

+29.8

How strongly activity leans toward calls or puts.

Participation41 × 22%

+9.1

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

Trend agreement0 × 26%

+0.0

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

Volatility28 × 10%

+2.8

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 145.00; the largest put concentration is 150.00. The most active strike by current volume is 162.50. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.

Put open interestStrikeCall open interest

726

120.00-23.8%

469

125.00-20.6%

749

130.00-17.4%

143

135.00-14.2%

183

454

140.00-11.1%

575

559

145.00-7.9%

9236

855

150.00-4.7%

793

834

155.00-1.5%

918

157.500.1%

292

160.001.7%

8001

162.503.2%

557

165.004.8%

527

170.008.0%

600

175.0011.2%

479

180.0014.4%

432

190.0020.7%

209

200.0027.1%

238

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

Gamma Profile by Strike

Positive gamma proxy

Reported + model-estimated Greeks · 94% 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+$25.2MDelta change / 1% move

Positive peak160.00+$17.5M

Negative peak150.00-$513,119

Nearest balance154.56Interpolated sign change

StrikeNegativePositiveNet / 1% move

140.00-11.1%

-$315,693

141.00-10.4%

-$230

142.00-9.8%

-$534

143.00-9.1%

-$4,747

144.00-8.5%

-$1,375

145.00-7.9%

+$2.4M

146.00-7.2%

-$6,557

147.00-6.6%

-$9,230

148.00-6.0%

-$18,476

149.00-5.3%

-$25,784

150.00-4.7%

-$513,119

152.50-3.1%

-$85,071

155.00-1.5%

+$18,337

157.500.1%

+$142,105

160.001.7%

+$17.5M

162.503.2%

+$1.6M

165.004.8%

+$1.7M

167.506.4%

+$28,922

170.008.0%

+$1.1M

172.509.6%

+$27,674

175.0011.2%

+$353,000

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

0.88× front/back

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

0.26 18 Sep 4d

0.27 25 Sep 11d

0.26 2 Oct 18d

0.26 9 Oct 25d

0.26 16 Oct 32d

0.26 23 Oct 39d

0.29 30 Oct 46d

0.28 18 Dec 95d

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.

130

135

140

144

146

147

148

149

150

153

158

160

163

165

168

170

173

178

180

183

185

Put IV Call IV

Historical Replay

How matured reads behaved through expiry

27 matured · 20 directional

Across 20 stored directional transitions, the next stored price moved in the labelled direction 50% of the time.

Directional follow-through50%

Moves contained by pricing63%

Average expiry move2.3%

11 Sep Bullish · 37 -2.4% through expiry 3.2% priced · v2.0

9 Sep Bullish · 33 -2.4% through expiry 3.7% priced · v2.0

8 Sep Bullish · 36 -2.4% through expiry 3.2% priced · v2.0

4 Sep Bullish · 33 -2.4% through expiry 2.6% priced · v2.0

2 Sep Bullish · 39 -0.7% through expiry 2.9% priced · v2.0

28 Aug Bullish · 33 -0.7% through expiry 2.5% priced · v2.0

27 Aug Bullish · 36 0.7% through expiry 1.4% priced · v2.0

26 Aug Mixed · 31 0.7% through expiry 2.1% priced · v2.0

25 Aug Mixed · 31 0.7% through expiry 2.2% priced · v2.0

24 Aug Bullish · 43 0.7% through expiry 2.8% priced · v2.0

21 Aug Bullish · 37 0.7% through expiry 2.9% priced · v2.0

20 Aug Bearish · 49 4.2% through expiry 3.2% priced · v2.0

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: 14 Sep 2026
Calculation: v2.0
Contracts: 968 / 968

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

Multi-expiry position-maintenance candidate

71/100

Primary intent Multi-expiry position-maintenance candidate

Activity is spread across expirations with heavier open interest than current volume, which can be consistent with position maintenance.

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

Multi-expiry position-maintenance candidate matters because it connects the options headline to the actual evidence: $9.7M 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+71

1W price-2.4%

Call premium98%

Put premium2%

Notional split C 98% / P 2% Estimated gross traded notional uses volume × contract multiplier × midpoint, or last price when no valid midpoint is available.

Freshness 0.06 Volume divided by open interest across the visible chain.

Trend fit 0/100 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. Roll detection is conservative because opening and closing legs are not directly observable in this snapshot.

Conviction clusters Calls · 91+ days · ITM

Calls · 91+ days · ITM calls cluster with 1588 contracts traded, $9.2M estimated gross traded notional, and 95% of visible notional.

$9.2M

Calls · 0-7 days · ITM calls cluster with 60 contracts traded, $99,000 estimated gross traded notional, and 1% of visible notional.

$99,000

Calls · 91+ days · OTM calls cluster with 194 contracts traded, $97,542 estimated gross traded notional, and 1% of visible notional.

$97,542

Calls · 0-7 days · ATM calls cluster with 574 contracts traded, $53,225 estimated gross traded notional, and 1% of visible notional.

$53,225

Puts · 91+ days · ATM puts cluster with 51 contracts traded, $52,255 estimated gross traded notional, and 1% of visible notional.

$52,255

Setup Classification

Opportunity and risk frame

Context, not advice

Negative Options disagreement

Options positioning is not confirming the underlying trend context.

Activity Anomaly

Normal range

Activity is broadly in line with recent stored snapshots.

Baseline: 29 completed sessions

Volume rank66th

Volume/OI rank59th

IV rank17th

Market Context

Underlying confirmation

Sharemaestro weekly

Close157.40

1W-2.4%

RS-7.0

Fair value+5.3%

Options pressure71

Speculation41

Volatility28

Trend fit0

Today Versus Normal

Stored-options context

View history

Expected move 2.5% near normal

30d avg 2.7% · 15 sessions 33th

90d avg - · 29/30 sessions -

180d avg - · 29/60 sessions -

IV 0.26 muted

30d avg 0.34 · 15 sessions 20th

90d avg - · 29/30 sessions -

180d avg - · 29/60 sessions -

Put-call 0.23 muted

30d avg 0.77 · 15 sessions 7th

90d avg - · 29/30 sessions -

180d avg - · 29/60 sessions -

Volume/OI 0.06 elevated

30d avg 0.03 · 15 sessions 87th

90d avg - · 29/30 sessions -

180d avg - · 29/60 sessions -

Pressure Trail

Recent pressure and volatility

Open trail

5 Aug 10:06 Mixed

Pressure -16

Move 3.2%

6 Aug 05:47 Bullish

Pressure 45

Move 2.6%

7 Aug 10:21 Bullish

Pressure 88

Move 2.2%

8 Aug 07:56 Bullish

Pressure 43

Move 3.0%

9 Aug 17:18 Bullish

Pressure 43

Move 2.9%

11 Aug 10:21 Bullish

Pressure 84

Move 2.9%

12 Aug 10:22 Bullish

Pressure 22

Move 2.1%

13 Aug 10:02 Bullish

Pressure 31

Move 1.8%

Strike Map

Where activity is clustering

Full strike map

Strike80.00

Calls · V 0 · OI 0

Puts · V 0 · OI 2

Strike85.00

Calls · V 0 · OI 0

Puts · V 0 · OI 1

Strike90.00

Calls · V 0 · OI 0

Puts · V 0 · OI 8

Strike95.00

Calls · V 0 · OI 0

Puts · V 0 · OI 35

Strike100.00

Calls · V 0 · OI 4

Puts · V 1 · OI 62

Strike105.00

Calls · V 0 · OI 0

Puts · V 1 · OI 36

Strike110.00

Calls · V 0 · OI 0

Puts · V 0 · OI 89

Strike115.00

Calls · V 0 · OI 10

Puts · V 0 · OI 147

Term Structure

Expiration activity

Volume and IV

Expiry18 Sep 2026

Contracts86

Avg IV0.26

Put-call0.25

Expiry25 Sep 2026

Contracts92

Avg IV0.27

Put-call5.75

Expiry2 Oct 2026

Contracts88

Avg IV0.26

Put-call0.27

Expiry9 Oct 2026

Contracts84

Avg IV0.26

Put-call2.42

Expiry16 Oct 2026

Contracts46

Avg IV0.26

Put-call1.80

Skew

Call/put IV balance

OTM demand

18 Sep 2026Put IV premium

Call IV0.25

Put IV0.33

Skew0.08

25 Sep 2026Balanced skew

Call IV0.27

Put IV0.29

Skew0.02

2 Oct 2026Balanced skew

Call IV0.25

Put IV0.28

Skew0.03

9 Oct 2026Balanced skew

Call IV0.27

Put IV0.29

Skew0.02

16 Oct 2026Balanced skew

Call IV0.25

Put IV0.28

Skew0.03

Contract Tape

Most active contracts

Full contract tape

ContractICE260918C00162500

SideCall

Expiry18 Sep 2026

Strike162.50

Volume520

OI557

IV0.27

ContractICE260918C00160000

SideCall

Expiry18 Sep 2026

Strike160.00

Volume511

OI8001

IV0.25

ContractICE280121C00125000

SideCall

Expiry21 Jan 2028

Strike125.00

Volume428

OI25

IV0.30

ContractICE290119C00115000

SideCall

Expiry19 Jan 2029

Strike115.00

Volume410

OI-

IV0.30

ContractICE280121C00095000

SideCall

Expiry21 Jan 2028

Strike95.00

Volume304

OI39

IV0.30

ContractICE280121C00100000

SideCall

Expiry21 Jan 2028

Strike100.00

Volume260

OI17

IV0.29

ContractICE270917C00100000

SideCall

Expiry17 Sep 2027

Strike100.00

Volume122

OI-

IV0.31

ContractICE260918P00155000

SidePut

Expiry18 Sep 2026

Strike155.00

Volume97

OI834

IV0.33

ICE options intelligence

Bullish pressure

ICE has a bullish chain read with 42/100 evidence alignment.

Where the chain says movement becomes exceptional

Why conviction is 42/100

Where open interest and current activity concentrate

Positive gamma proxy

Back-loaded volatility

Downside protection premium

How matured reads behaved through expiry

Usable with limits

Multi-expiry position-maintenance candidate

Opportunity and risk frame

Normal range

Underlying confirmation

Stored-options context

Recent pressure and volatility

Where activity is clustering

Expiration activity

Call/put IV balance

Most active contracts

Send a message

Evidence context

ICE options intelligence

Bullish pressure

ICE has a bullish chain read with 42/100 evidence alignment.

Where the chain says movement becomes exceptional

Why conviction is 42/100

Where open interest and current activity concentrate

Positive gamma proxy

Back-loaded volatility

Downside protection premium

How matured reads behaved through expiry

Usable with limits

Multi-expiry position-maintenance candidate

Opportunity and risk frame

Normal range

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

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