Ticker Options Intelligence

BLX options intelligence

Foreign Trade Bank of Latin America Inc options pressure, expected move, strike concentration, and Sharemaestro trend context.

Conviction 51 Market data through 31 Jul 2026 Checked 31 Jul 2026 15:01 · complete available chain

Volatility expansion watch

Volatility pressure

BLX currently carries volatility options pressure with a 51/100 conviction score. The nearest-chain expected move is 7.5%, with volume/open-interest participation at 0.33.

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

Volatility expansion watch

Expected move 7.5%

Wider near-term move priced

Activity / OI 0.33

Current volume is quieter versus prior open interest

Put-call 0.51

Call-side skew

Trend fit 56

Options are not fully confirming trend

Weekly backdrop +0.7%

RS 14.2

Expected move 7.5%
Put-call volume 0.51
Volume / OI 0.33
Reference IV 1.00
Max pain 60.00
Underlying 59.64
Nearest expiry 21 Aug 2026
Contracts 30

Research Brief

BLX has a volatility chain read with 51/100 evidence alignment.

The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 55.19–64.09; The largest call open-interest concentration is 65.00; the largest put concentration is 60.00. The most active strike by current volume is 60.00.

Priced range55.19–64.09
Call concentration65.00
Put concentration60.00
Max pain reference60.00
What would confirm it
  • A clear directional pressure reading develops and price begins to agree.
What would weaken it
  • Volatility falls and the chain remains directionally mixed.
  • 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 55.19 to 64.09. Max pain at 60.00 sits inside that range, 0.6% above spot.

Spot Max pain
55.1959.64 ± 4.4564.09
Confirmation level

A close beyond 64.09 or below 55.19 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 51/100

Evidence alignment, not probability

Pressure is 41/100 toward calls; conviction uses its strength, while the signal label carries its direction.

Directional pressure41 × 42%
+17.3

How strongly activity leans toward calls or puts.

Participation48 × 22%
+10.5

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

Trend agreement56 × 26%
+14.5

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

Volatility86 × 10%
+8.6

The intensity of implied volatility and the priced move.

Reconstructed score50.9Matches stored calculation

Positioning by Strike

Where open interest and current activity concentrate

Full strike map

The largest call open-interest concentration is 65.00; the largest put concentration is 60.00. 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
1
50.00-16.2%
0
6
60.000.6%
12
0
65.009.0%
29
0
75.0025.8%
2
Nearest spot strike Max pain strikeBars show relative OI within this expiry

Volatility Curve

Front-loaded volatility

2.51× front/back

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

1.00 21 Aug 21d
0.50 18 Sep 49d
0.46 18 Dec 140d
0.40 19 Mar 231d

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.

50
60
65
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

High

A95/100
Retained chain100%
Implied volatility100%
Two-sided quotes97%
Open interest100%
Chain status
Complete available chain
Market date
31 Jul 2026
Calculation
v2.0
Contracts
30 / 30
  • 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

83/100
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: $47597 of estimated gross traded notional, puts · 91+ days · atm, 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+41
1W price+0.7%
Call premium70%
Put premium30%
Notional split C 70% / P 30% Estimated gross traded notional uses volume × contract multiplier × midpoint, or last price when no valid midpoint is available.
Freshness 0.33 Volume divided by open interest across the visible chain.
Trend fit 56/100 Agreement between options pressure and Sharemaestro market context.
Event window 3 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 · ATM
Puts · 91+ days · ATM puts cluster with 24 contracts traded, $12240 estimated gross traded notional, and 26% of visible notional.
$12240
Calls · 91+ days · ITM calls cluster with 14 contracts traded, $10955 estimated gross traded notional, and 23% of visible notional.
$10955
Calls · 46-90 days · ITM calls cluster with 15 contracts traded, $10445 estimated gross traded notional, and 22% of visible notional.
$10445
Calls · 46-90 days · ATM calls cluster with 21 contracts traded, $5722 estimated gross traded notional, and 12% of visible notional.
$5722
Calls · 91+ days · ATM calls cluster with 7 contracts traded, $2118 estimated gross traded notional, and 4% of visible notional.
$2118

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 Crowded strike risk

Underlying price is close to the max-pain zone.

Activity Anomaly

Warming up

-

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

Baseline: 3 completed sessions

Volume rank-
Volume/OI rank-
IV rank-

Market Context

Underlying confirmation

Sharemaestro weekly
Close59.64
1W+0.7%
RS14.2
Fair value+70.3%
Options pressure41
Speculation48
Volatility86
Trend fit56

Today Versus Normal

Stored-options context

View history
Expected move 7.5% history building
30d avg - · 3/10 sessions -
90d avg - · 3/30 sessions -
180d avg - · 3/60 sessions -
IV 1.00 history building
30d avg - · 3/10 sessions -
90d avg - · 3/30 sessions -
180d avg - · 3/60 sessions -
Put-call 0.51 history building
30d avg - · 2/10 sessions -
90d avg - · 2/30 sessions -
180d avg - · 2/60 sessions -
Volume/OI 0.33 history building
30d avg - · 3/10 sessions -
90d avg - · 3/30 sessions -
180d avg - · 3/60 sessions -

Pressure Trail

Recent pressure and volatility

Open trail
29 Jul 11:00 Bullish
Pressure 100
Move 7.6%
30 Jul 10:49 Bullish
Pressure 82
Move 8.4%
31 Jul 12:27 Mixed
Pressure 8
Move 8.0%
31 Jul 14:01 Volatility
Pressure 41
Move 7.5%

Strike Map

Where activity is clustering

Full strike map
Strike50.00
Calls · V 0 · OI 0
Puts · V 0 · OI 1
Strike60.00
Calls · V 10 · OI 12
Puts · V 4 · OI 6
Strike65.00
Calls · V 2 · OI 29
Puts · V 0 · OI 0
Strike75.00
Calls · V 0 · OI 2
Puts · V 0 · OI 0

Term Structure

Expiration activity

Volume and IV
Expiry21 Aug 2026
Contracts5
Avg IV1.00
Put-call0.33
Expiry18 Sep 2026
Contracts14
Avg IV0.50
Put-call0.28
Expiry18 Dec 2026
Contracts9
Avg IV0.46
Put-call0.52
Expiry19 Mar 2027
Contracts2
Avg IV0.40
Put-call-

Skew

Call/put IV balance

OTM demand
21 Aug 2026Put IV premium
Call IV0.52
Put IV1.10
Skew0.59
18 Sep 2026Balanced skew
Call IV0.34
Put IV0.38
Skew0.03
18 Dec 2026Balanced skew
Call IV0.48
Put IV0.48
Skew-0.01
19 Mar 2027Incomplete skew
Call IV-
Put IV-
Skew-

Contract Tape

Most active contracts

Full contract tape
ContractBLX270319C00055000
SideCall
Expiry19 Mar 2027
Strike55.00
Volume-
OI12
IV0.40
ContractBLX261218C00080000
SideCall
Expiry18 Dec 2026
Strike80.00
Volume-
OI3
IV0.55
ContractBLX260821C00075000
SideCall
Expiry21 Aug 2026
Strike75.00
Volume-
OI2
IV1.70
ContractBLX260918P00060000
SidePut
Expiry18 Sep 2026
Strike60.00
Volume-
OI2
IV0.50
ContractBLX260918P00065000
SidePut
Expiry18 Sep 2026
Strike65.00
Volume-
OI1
IV0.63
ContractBLX260821P00050000
SidePut
Expiry21 Aug 2026
Strike50.00
Volume-
OI1
IV1.10
ContractBLX260918C00025000
SideCall
Expiry18 Sep 2026
Strike25.00
Volume-
OI1
IV0.50
ContractBLX260918P00035000
SidePut
Expiry18 Sep 2026
Strike35.00
Volume-
OI1
IV1.52