Primary read
Bullish
Call-side pressure
Ticker Options Intelligence
AZUL options intelligence
AZUL options pressure, expected move, strike concentration, and Sharemaestro trend context.
Conviction
39
Market data through 31 Jul 2026
Checked 3 Aug 2026 09:16 · complete available chain
Call-side pressure
Bullish pressure
AZUL currently carries bullish options pressure with a 39/100 conviction score. The nearest-chain expected move is unavailable, with volume/open-interest participation at 0.05.
Expected move
-
Near-term move context
Activity / OI
0.05
Current volume is quieter versus prior open interest
Put-call
0.69
Call-side skew
Trend fit
62
Options agree with trend context
Weekly backdrop
-
Sharemaestro weekly context
Expected move
-
Put-call volume
0.69
Volume / OI
0.05
Reference IV
0.18
Max pain
0.50
Underlying
-
Nearest expiry
15 Jan 2027
Contracts
20
Research Brief
AZUL 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 not available; The largest call open-interest concentration is 2.50; the largest put concentration is 2.00. The most active strike by current volume is 2.00.
Priced rangenot available
Call concentration2.50
Put concentration2.00
Max pain reference0.50
- 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
A matched underlying price and expected move are required to build the implied range.
Score Construction
Why conviction is 39/100
Pressure is 30/100 toward calls; conviction uses its strength, while the signal label carries its direction.
Directional pressure30 × 42%
+12.7
How strongly activity leans toward calls or puts.
Participation41 × 22%
+9.1
Volume relative to existing open interest and contract-level activity.
Trend agreement62 × 26%
+16.0
How closely the chain read agrees with the underlying trend backdrop.
Volatility13 × 10%
+1.3
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 2.50; the largest put concentration is 2.00. The most active strike by current volume is 2.00. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.
Put open interestStrikeCall open interest
3
0.50
2023
0
1.00
2264
0
1.50
3167
99
2.00
5022
80
2.50
6810
53
3.00
35
1
3.50
836
0
4.00
45
0
4.50
51
11
5.00
1037
3
7.50
174
Nearest spot strike Max pain strikeBars show relative OI within this expiry
Volatility Curve
Insufficient term structure
At least two expirations with usable near-the-money implied volatility are required.
-
15 Jan
168d
Volatility by Strike
A matched underlying price is required for strike-relative volatility analysis.
Comparable strike volatility is unavailable.
Put IV Call IV
Historical Replay
How matured reads behaved through expiry
No independently verifiable option-expiry outcomes have matured yet. Legacy snapshots without a point-in-time market reference and repeated same-session snapshots are deliberately excluded.
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
Limited
Retained chain100%
Implied volatility100%
Two-sided quotes100%
Open interest100%
- Chain status
- Complete available chain
- Market date
- 31 Jul 2026
- Calculation
- v2.0
- Contracts
- 20 / 20
- No matched underlying price; price-relative measures are unavailable.
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.
Call-side pressure is building before a meaningful weekly price response.
Put-heavy activity matters because it connects the options headline to the actual evidence: $169749 of estimated gross traded notional, puts · 91+ days · unpriced, and a bullish 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+30
1W price-
Call premium6%
Put premium94%
Notional split
C 6% / P 94%
Estimated gross traded notional uses volume × contract multiplier × midpoint, or last price when no valid midpoint is available.
Freshness
0.05
Volume divided by open interest across the visible chain.
Trend fit
62/100
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.
Puts · 91+ days · Unpriced
puts cluster with 446 contracts traded, $159997 estimated gross traded notional, and 94% of visible notional.
$159997
Calls · 91+ days · Unpriced
calls cluster with 648 contracts traded, $9752 estimated gross traded notional, and 6% of visible notional.
$9752
Setup Classification
Opportunity and risk frame
The signal is live, but the strongest framework tags are still developing.
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
Close-
1W-
RS-
Fair value-
Options pressure30
Speculation41
Volatility13
Trend fit62
Today Versus Normal
Stored-options context
30d avg - · 0/10 sessions
-
90d avg - · 0/30 sessions
-
180d avg - · 0/60 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
30 Jul 13:20
Bullish
Pressure 30
Move -
31 Jul 13:13
Bullish
Pressure 30
Move -
2 Aug 12:06
Bullish
Pressure 30
Move -
3 Aug 08:16
Bullish
Pressure 30
Move -
Strike Map
Where activity is clustering
Strike0.50
Calls · V 30 · OI 2023
Puts · V 3 · OI 3
Strike1.00
Calls · V 11 · OI 2264
Puts · V 0 · OI 0
Strike1.50
Calls · V 10 · OI 3167
Puts · V 0 · OI 0
Strike2.00
Calls · V 503 · OI 5022
Puts · V 50 · OI 99
Strike2.50
Calls · V 10 · OI 6810
Puts · V 184 · OI 80
Strike3.00
Calls · V 1 · OI 35
Puts · V 14 · OI 53
Strike3.50
Calls · V 5 · OI 836
Puts · V 21 · OI 1
Strike4.00
Calls · V 2 · OI 45
Puts · V 2 · OI 0
Term Structure
Expiration activity
Expiry15 Jan 2027
Contracts20
Avg IV-
Put-call0.69
Skew
Call/put IV balance
Skew context is warming up for this ticker.
Contract Tape
Most active contracts
ContractAZUL270115C00002000
SideCall
Expiry15 Jan 2027
Strike2.00
Volume503
OI5022
IV0.00
ContractAZUL270115P00002500
SidePut
Expiry15 Jan 2027
Strike2.50
Volume184
OI80
IV0.50
ContractAZUL270115P00007500
SidePut
Expiry15 Jan 2027
Strike7.50
Volume125
OI3
IV0.06
ContractAZUL270115P00002000
SidePut
Expiry15 Jan 2027
Strike2.00
Volume50
OI99
IV0.50
ContractAZUL270115C00004500
SideCall
Expiry15 Jan 2027
Strike4.50
Volume50
OI51
IV0.00
ContractAZUL270115P00005000
SidePut
Expiry15 Jan 2027
Strike5.00
Volume44
OI11
IV0.25
ContractAZUL270115C00000500
SideCall
Expiry15 Jan 2027
Strike0.50
Volume30
OI2023
IV0.00
ContractAZUL270115C00007500
SideCall
Expiry15 Jan 2027
Strike7.50
Volume25
OI174
IV0.60
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.