Primary read
Bullish
Call-side pressure
Ticker Options Intelligence
BRK-B options intelligence
Berkshire Hathaway Inc options pressure, expected move, strike concentration, and Sharemaestro trend context.
Conviction
39
Market data through 31 Jul 2026
Checked 1 Aug 2026 15:32 · complete available chain
Call-side pressure
Bullish pressure
BRK-B currently carries bullish options pressure with a 39/100 conviction score. The nearest-chain expected move is 1.8%, with volume/open-interest participation at 0.07.
Expected move
1.8%
Near-term move context
Activity / OI
0.07
Current volume is quieter versus prior open interest
Put-call
0.67
Call-side skew
Trend fit
66
Options agree with trend context
Weekly backdrop
+3.4%
RS -4.5
Expected move
1.8%
Put-call volume
0.67
Volume / OI
0.07
Reference IV
0.22
Max pain
495.00
Underlying
511.54
Nearest expiry
7 Aug 2026
Contracts
1201
Research Brief
BRK-B has a bullish chain read with 39/100 evidence alignment.
The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 502.44–520.64; The largest call open-interest concentration is 530.00; the largest put concentration is 470.00. The most active strike by current volume is 520.00.
Priced range502.44–520.64
Call concentration530.00
Put concentration470.00
Max pain reference495.00
- Price holds or improves while call-side concentration remains elevated.
- The current chain read already agrees with the stored weekly trend context.
- Price weakens while call pressure fades or reverses toward puts.
Priced Move
Where the chain says movement becomes exceptional
Options imply 502.44 to 520.64. Max pain at 495.00 lies outside the priced range, so it is a weak near-term anchor.
Spot
Max pain
502.44511.54 ± 9.10520.64
Confirmation level
A close beyond 520.64 or below 502.44 at the 7 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 39/100
Pressure is 25/100 toward calls; conviction uses its strength, while the signal label carries its direction.
Directional pressure25 × 42%
+10.3
How strongly activity leans toward calls or puts.
Participation42 × 22%
+9.1
Volume relative to existing open interest and contract-level activity.
Trend agreement66 × 26%
+17.1
How closely the chain read agrees with the underlying trend backdrop.
Volatility23 × 10%
+2.3
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 530.00; the largest put concentration is 470.00. The most active strike by current volume is 520.00. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.
Put open interestStrikeCall open interest
547
290.00-43.3%
0
545
300.00-41.4%
0
116
425.00-16.9%
8
1798
470.00-8.1%
23
389
475.00-7.1%
9
367
480.00-6.2%
71
568
490.00-4.2%
120
209
495.00-3.2%
111
207
500.00-2.3%
550
36
502.50-1.8%
408
65
505.00-1.3%
592
88
510.00-0.3%
475
0
512.500.2%
124
22
515.000.7%
856
76
520.001.7%
673
1
525.002.6%
414
1
530.003.6%
859
Nearest spot strike Max pain strikeBars show relative OI within this expiry
Volatility Curve
Balanced volatility curve
Near- and longer-dated implied volatility are broadly aligned; no exceptional front-expiry premium is visible.
0.22
7 Aug
7d
0.20
14 Aug
14d
0.19
21 Aug
21d
0.19
28 Aug
28d
0.20
4 Sep
35d
0.17
18 Sep
49d
0.17
16 Oct
77d
0.18
18 Dec
140d
Volatility by Strike
Downside protection premium
Out-of-the-money puts carry higher implied volatility than comparable calls, indicating richer downside protection.
410
420
430
440
455
465
470
475
480
485
493
498
503
508
513
520
530
545
555
565
600
Put IV Call IV
Historical Replay
How matured reads behaved through expiry
Forward validation is building. The earliest eligible stored read expires 31 Jul 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
High
Retained chain100%
Implied volatility100%
Two-sided quotes100%
Open interest100%
- Chain status
- Complete available chain
- Market date
- 31 Jul 2026
- Calculation
- v2.0
- Contracts
- 1201 / 1201
- 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
Call concentration and the underlying trend align, but aggregate volume cannot establish whether calls were bought or sold.
Options pressure and weekly price action are pointing in the same constructive direction.
Call-heavy activity with trend alignment matters because it connects the options headline to the actual evidence: $58.6M of estimated gross traded notional, calls · 91+ days · itm, and a bullish flow confirms price backdrop. Use it as a research priority signal, then validate the chart, liquidity, event calendar, and risk before acting.
Options pressure+25
1W price+3.4%
Call premium83%
Put premium17%
Notional split
C 83% / P 17%
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
66/100
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 1600 contracts traded, $26.4M estimated gross traded notional, and 45% of visible notional.
$26.4M
Calls · 91+ days · OTM
calls cluster with 3472 contracts traded, $10.6M estimated gross traded notional, and 18% of visible notional.
$10.6M
Puts · 91+ days · ITM
puts cluster with 821 contracts traded, $5.6M estimated gross traded notional, and 10% of visible notional.
$5.6M
Calls · 46-90 days · ITM
calls cluster with 404 contracts traded, $3.4M estimated gross traded notional, and 6% of visible notional.
$3.4M
Calls · 0-7 days · ATM
calls cluster with 6817 contracts traded, $2.4M estimated gross traded notional, and 4% of visible notional.
$2.4M
Setup Classification
Opportunity and risk frame
Positioning agrees with the Sharemaestro trend backdrop.
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
Close511.54
1W+3.4%
RS-4.5
Fair value+13.2%
Options pressure25
Speculation42
Volatility23
Trend fit66
Today Versus Normal
Stored-options context
30d avg - · 2/10 sessions
-
90d avg - · 2/30 sessions
-
180d avg - · 2/60 sessions
-
30d avg - · 2/10 sessions
-
90d avg - · 2/30 sessions
-
180d avg - · 2/60 sessions
-
30d avg - · 2/10 sessions
-
90d avg - · 2/30 sessions
-
180d avg - · 2/60 sessions
-
30d avg - · 2/10 sessions
-
90d avg - · 2/30 sessions
-
180d avg - · 2/60 sessions
-
Pressure Trail
Recent pressure and volatility
28 Jul 14:34
Bullish
Pressure 37
Move 3.4%
28 Jul 14:59
Bullish
Pressure 39
Move 3.0%
28 Jul 15:22
Bullish
Pressure 40
Move 3.0%
28 Jul 15:50
Bullish
Pressure 40
Move 3.0%
28 Jul 16:10
Bullish
Pressure 41
Move 3.0%
28 Jul 16:31
Bullish
Pressure 40
Move 2.9%
28 Jul 16:53
Bullish
Pressure 42
Move 3.0%
28 Jul 17:20
Bullish
Pressure 41
Move 2.9%
Strike Map
Where activity is clustering
Strike270.00
Calls · V 0 · OI 0
Puts · V 1 · OI 57
Strike280.00
Calls · V 0 · OI 0
Puts · V 4 · OI 96
Strike290.00
Calls · V 0 · OI 0
Puts · V 10 · OI 547
Strike300.00
Calls · V 0 · OI 0
Puts · V 20 · OI 545
Strike310.00
Calls · V 0 · OI 0
Puts · V 38 · OI 186
Strike320.00
Calls · V 0 · OI 0
Puts · V 2 · OI 197
Strike330.00
Calls · V 0 · OI 0
Puts · V 1 · OI 220
Strike340.00
Calls · V 0 · OI 0
Puts · V 4 · OI 62
Term Structure
Expiration activity
Expiry7 Aug 2026
Contracts103
Avg IV0.22
Put-call0.32
Expiry14 Aug 2026
Contracts75
Avg IV0.20
Put-call1.10
Expiry21 Aug 2026
Contracts120
Avg IV0.19
Put-call0.61
Expiry28 Aug 2026
Contracts69
Avg IV0.19
Put-call0.80
Expiry4 Sep 2026
Contracts19
Avg IV0.20
Put-call0.94
Skew
Call/put IV balance
7 Aug 2026Balanced skew
Call IV0.20
Put IV0.24
Skew0.04
14 Aug 2026Balanced skew
Call IV0.19
Put IV0.22
Skew0.03
21 Aug 2026Balanced skew
Call IV0.18
Put IV0.20
Skew0.02
28 Aug 2026Balanced skew
Call IV0.18
Put IV0.20
Skew0.02
4 Sep 2026Balanced skew
Call IV0.19
Put IV0.19
Skew0.00
Contract Tape
Most active contracts
ContractBRKB261016C00585000
SideCall
Expiry16 Oct 2026
Strike585.00
Volume-
OI74
IV0.18
ContractBRKB270319C00290000
SideCall
Expiry19 Mar 2027
Strike290.00
Volume-
OI69
IV0.00
ContractBRKB260904C00465000
SideCall
Expiry4 Sep 2026
Strike465.00
Volume-
OI54
IV0.34
ContractBRKB260814C00665000
SideCall
Expiry14 Aug 2026
Strike665.00
Volume-
OI49
IV0.73
ContractBRKB260814C00675000
SideCall
Expiry14 Aug 2026
Strike675.00
Volume-
OI41
IV0.76
ContractBRKB270319C00310000
SideCall
Expiry19 Mar 2027
Strike310.00
Volume-
OI32
IV0.00
ContractBRKB260814C00660000
SideCall
Expiry14 Aug 2026
Strike660.00
Volume-
OI28
IV0.71
ContractBRKB260821C00487500
SideCall
Expiry21 Aug 2026
Strike487.50
Volume-
OI24
IV0.27
Research Graph
Related research and context
Sharemaestro research
Related News
No recent ticker-specific news yet.
Market Watch
No recent market-watch posts yet.
Earnings
No upcoming matched earnings event.
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.