Ticker Options Intelligence

KD options intelligence

Kyndryl Holdings Inc options pressure, expected move, strike concentration, and Sharemaestro trend context.

Conviction 55 Market data through 31 Jul 2026 Checked 1 Aug 2026 09:41 · complete available chain

Volatility expansion watch

Volatility pressure

KD currently carries volatility options pressure with a 55/100 conviction score. The nearest-chain expected move is 24.3%, with volume/open-interest participation at 0.02.

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

Volatility expansion watch

Expected move 24.3%

Wider near-term move priced

Activity / OI 0.02

Current volume is quieter versus prior open interest

Put-call 0.06

Call-side skew

Trend fit 0

Options are not fully confirming trend

Weekly backdrop -0.8%

RS -47.4

Expected move 24.3%
Put-call volume 0.06
Volume / OI 0.02
Reference IV 1.06
Max pain 12.00
Underlying 12.05
Nearest expiry 21 Aug 2026
Contracts 298

Research Brief

KD has a volatility chain read with 55/100 evidence alignment.

The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 9.13–14.97; The largest call open-interest concentration is 13.00; the largest put concentration is 11.00. The most active strike by current volume is 16.00.

Priced range9.13–14.97
Call concentration13.00
Put concentration11.00
Max pain reference12.00
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 9.13 to 14.97. Max pain at 12.00 sits inside that range, 0.4% below spot.

Spot Max pain
9.1312.05 ± 2.9214.97
Confirmation level

A close beyond 14.97 or below 9.13 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 55/100

Evidence alignment, not probability

Pressure is 87/100 toward calls; conviction uses its strength, while the signal label carries its direction.

Directional pressure87 × 42%
+36.5

How strongly activity leans toward calls or puts.

Participation40 × 22%
+8.9

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.

Volatility96 × 10%
+9.6

The intensity of implied volatility and the priced move.

Reconstructed score55.0Matches stored calculation

Positioning by Strike

Where open interest and current activity concentrate

Full strike map

The largest call open-interest concentration is 13.00; the largest put concentration is 11.00. The most active strike by current volume is 16.00. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.

Put open interestStrikeCall open interest
1
4.00-66.8%
0
0
5.00-58.5%
0
0
6.00-50.2%
0
17
7.00-41.9%
0
174
8.00-33.6%
10
365
9.00-25.3%
6
1274
10.00-17.0%
27
7642
11.00-8.7%
155
7030
12.00-0.4%
417
56
13.007.9%
1454
3
14.0016.2%
485
0
15.0024.5%
725
0
16.0032.8%
83
4
17.0041.1%
72
0
18.0049.4%
41
0
19.0057.7%
14
0
20.0066.0%
7
Nearest spot strike Max pain strikeBars show relative OI within this expiry

Volatility Curve

Front-loaded volatility

1.46× front/back

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

1.06 21 Aug 21d
0.77 18 Sep 49d
0.69 18 Dec 140d
0.69 15 Jan 168d
0.69 19 Mar 231d
0.72 21 Jan 539d

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.

10
11
12
13
14
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

A100/100
Retained chain100%
Implied volatility100%
Two-sided quotes100%
Open interest100%
Chain status
Complete available chain
Market date
31 Jul 2026
Calculation
v2.0
Contracts
298 / 298
  • 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

95/100
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: $90558 of estimated gross traded notional, calls · 8-21 days · otm, 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+87
1W price-0.8%
Call premium91%
Put premium9%
Notional split C 91% / P 9% Estimated gross traded notional uses volume × contract multiplier × midpoint, or last price when no valid midpoint is available.
Freshness 0.02 Volume divided by open interest across the visible chain.
Trend fit 0/100 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 Calls · 8-21 days · OTM
Calls · 8-21 days · OTM calls cluster with 1128 contracts traded, $62235 estimated gross traded notional, and 69% of visible notional.
$62235
Calls · 91+ days · OTM calls cluster with 100 contracts traded, $17860 estimated gross traded notional, and 20% of visible notional.
$17860
Puts · 91+ days · ITM puts cluster with 22 contracts traded, $5068 estimated gross traded notional, and 6% of visible notional.
$5068
Puts · 8-21 days · ITM puts cluster with 13 contracts traded, $1318 estimated gross traded notional, and 1% of visible notional.
$1318
Calls · 46-90 days · OTM calls cluster with 19 contracts traded, $1105 estimated gross traded notional, and 1% of visible notional.
$1105

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.

Negative Options disagreement

Options positioning is not confirming the underlying trend context.

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
Close12.05
1W-0.8%
RS-47.4
Fair value-51.3%
Options pressure87
Speculation40
Volatility96
Trend fit0

Today Versus Normal

Stored-options context

View history
Expected move 24.3% history building
30d avg - · 3/10 sessions -
90d avg - · 3/30 sessions -
180d avg - · 3/60 sessions -
IV 1.06 history building
30d avg - · 3/10 sessions -
90d avg - · 3/30 sessions -
180d avg - · 3/60 sessions -
Put-call 0.06 history building
30d avg - · 3/10 sessions -
90d avg - · 3/30 sessions -
180d avg - · 3/60 sessions -
Volume/OI 0.02 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 10:56 Volatility
Pressure -81
Move 23.4%
29 Jul 23:01 Mixed
Pressure 17
Move 26.6%
31 Jul 04:07 Volatility
Pressure -52
Move 23.7%
31 Jul 05:31 Mixed
Pressure -14
Move 27.3%
1 Aug 08:41 Volatility
Pressure 87
Move 24.3%

Strike Map

Where activity is clustering

Full strike map
Strike4.00
Calls · V 0 · OI 0
Puts · V 0 · OI 1
Strike5.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike6.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike7.00
Calls · V 0 · OI 0
Puts · V 2 · OI 17
Strike8.00
Calls · V 0 · OI 10
Puts · V 5 · OI 174
Strike9.00
Calls · V 0 · OI 6
Puts · V 5 · OI 365
Strike10.00
Calls · V 0 · OI 27
Puts · V 5 · OI 1274
Strike11.00
Calls · V 0 · OI 155
Puts · V 1 · OI 7642

Term Structure

Expiration activity

Volume and IV
Expiry21 Aug 2026
Contracts34
Avg IV1.06
Put-call0.03
Expiry18 Sep 2026
Contracts70
Avg IV0.77
Put-call0.42
Expiry18 Dec 2026
Contracts52
Avg IV0.69
Put-call0.27
Expiry15 Jan 2027
Contracts70
Avg IV0.69
Put-call1.60
Expiry19 Mar 2027
Contracts34
Avg IV0.69
Put-call-

Skew

Call/put IV balance

OTM demand
21 Aug 2026Put IV premium
Call IV0.99
Put IV1.09
Skew0.10
18 Sep 2026Balanced skew
Call IV0.75
Put IV0.80
Skew0.05
18 Dec 2026Balanced skew
Call IV0.65
Put IV0.70
Skew0.05
15 Jan 2027Balanced skew
Call IV0.68
Put IV0.69
Skew0.01
19 Mar 2027Balanced skew
Call IV0.71
Put IV0.71
Skew-

Contract Tape

Most active contracts

Full contract tape
ContractKD260821C00016000
SideCall
Expiry21 Aug 2026
Strike16.00
Volume1033
OI83
IV0.99
ContractKD260821C00014000
SideCall
Expiry21 Aug 2026
Strike14.00
Volume66
OI485
IV1.03
ContractKD261218C00015000
SideCall
Expiry18 Dec 2026
Strike15.00
Volume64
OI230
IV0.67
ContractKD261218C00014000
SideCall
Expiry18 Dec 2026
Strike14.00
Volume19
OI38
IV0.71
ContractKD261218P00014000
SidePut
Expiry18 Dec 2026
Strike14.00
Volume19
OI26
IV0.67
ContractKD260821C00013000
SideCall
Expiry21 Aug 2026
Strike13.00
Volume17
OI1454
IV1.09
ContractKD260821P00013000
SidePut
Expiry21 Aug 2026
Strike13.00
Volume12
OI56
IV0.98
ContractKD260918C00017000
SideCall
Expiry18 Sep 2026
Strike17.00
Volume10
OI282
IV0.75