Primary read
Mixed
Options-market disagreement
Ticker Options Intelligence
DPZ options intelligence
Domino's Pizza Inc Common Stock options pressure, expected move, strike concentration, and Sharemaestro trend context.
Conviction
33
Market data through 31 Jul 2026
Checked 31 Jul 2026 14:55 · complete available chain
Options-market disagreement
Mixed pressure
DPZ currently carries mixed options pressure with a 33/100 conviction score. The nearest-chain expected move is 8.0%, with volume/open-interest participation at 0.11.
Expected move
8.0%
Wider near-term move priced
Activity / OI
0.11
Current volume is quieter versus prior open interest
Put-call
1.02
Balanced tape
Trend fit
68
Options agree with trend context
Weekly backdrop
+4.3%
RS -17.6
Expected move
8.0%
Put-call volume
1.02
Volume / OI
0.11
Reference IV
0.45
Max pain
310.00
Underlying
332.97
Nearest expiry
21 Aug 2026
Contracts
479
Research Brief
DPZ has a mixed chain read with 33/100 evidence alignment.
The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 306.44–359.50; The largest call open-interest concentration is 360.00; the largest put concentration is 250.00. The most active strike by current volume is 190.00.
Priced range306.44–359.50
Call concentration360.00
Put concentration250.00
Max pain reference310.00
- A clear directional pressure reading develops and price begins to agree.
- The current chain read already agrees with the stored weekly trend context.
- Volatility falls and the chain remains directionally mixed.
- 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
Options imply 306.44 to 359.50. Max pain at 310.00 sits inside that range, 6.9% below spot.
Spot
Max pain
306.44332.97 ± 26.53359.50
Confirmation level
A close beyond 359.50 or below 306.44 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 33/100
Pressure is 0/100 toward calls; conviction uses its strength, while the signal label carries its direction.
Directional pressure0 × 42%
+0.1
How strongly activity leans toward calls or puts.
Participation43 × 22%
+9.4
Volume relative to existing open interest and contract-level activity.
Trend agreement68 × 26%
+17.6
How closely the chain read agrees with the underlying trend backdrop.
Volatility63 × 10%
+6.3
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 360.00; the largest put concentration is 250.00. The most active strike by current volume is 190.00. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.
Put open interestStrikeCall open interest
28
190.00-42.9%
0
156
230.00-30.9%
0
166
240.00-27.9%
0
1730
250.00-24.9%
0
134
270.00-18.9%
65
397
280.00-15.9%
8
349
290.00-12.9%
144
350
300.00-9.9%
98
326
310.00-6.9%
896
321
320.00-3.9%
175
479
330.00-0.9%
774
57
340.002.1%
575
43
350.005.1%
785
158
360.008.1%
1145
4
370.0011.1%
501
0
380.0014.1%
217
0
400.0020.1%
329
Nearest spot strike Max pain strikeBars show relative OI within this expiry
Volatility Curve
Front-loaded volatility
Near-term options are materially richer than later expirations, consistent with concentrated event or immediate-risk pricing.
0.45
21 Aug
21d
0.42
18 Sep
49d
0.40
18 Dec
140d
0.40
15 Jan
168d
0.40
19 Mar
231d
0.42
17 Jun
321d
0.39
21 Jan
539d
0.39
15 Dec
868d
Volatility by Strike
Balanced wings
Comparable upside calls and downside puts carry broadly similar implied volatility.
270
280
290
300
310
320
330
340
350
360
370
380
390
Put IV Call IV
Historical Replay
How matured reads behaved through expiry
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
Retained chain100%
Implied volatility100%
Two-sided quotes100%
Open interest100%
- Chain status
- Complete available chain
- Market date
- 31 Jul 2026
- Calculation
- v2.0
- Contracts
- 479 / 479
- 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
Put-heavy activity
Put-side activity dominates. This can reflect hedging or directional positioning, but the chain alone cannot distinguish buying from selling.
The options read is mixed, so divergence is not strong enough to classify.
Put-heavy activity matters because it connects the options headline to the actual evidence: $7.4M of estimated gross traded notional, puts · 91+ days · itm, and a no clean flow/price divergence backdrop. Use it as a research priority signal, then validate the chart, liquidity, event calendar, and risk before acting.
Options pressure+0
1W price+4.3%
Call premium38%
Put premium62%
Notional split
C 38% / P 62%
Estimated gross traded notional uses volume × contract multiplier × midpoint, or last price when no valid midpoint is available.
Freshness
0.11
Volume divided by open interest across the visible chain.
Trend fit
68/100
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 · ITM
puts cluster with 262 contracts traded, $2.4M estimated gross traded notional, and 32% of visible notional.
$2.4M
Calls · 91+ days · ITM
calls cluster with 130 contracts traded, $1.2M estimated gross traded notional, and 16% of visible notional.
$1.2M
Puts · 46-90 days · ITM
puts cluster with 118 contracts traded, $1.1M estimated gross traded notional, and 15% of visible notional.
$1.1M
Calls · 91+ days · OTM
calls cluster with 1206 contracts traded, $1.0M estimated gross traded notional, and 14% of visible notional.
$1.0M
Puts · 91+ days · OTM
puts cluster with 906 contracts traded, $874879 estimated gross traded notional, and 12% of visible notional.
$874879
Setup Classification
Opportunity and risk frame
Positioning agrees with the Sharemaestro trend backdrop.
The tape is pricing or displaying unusually elevated activity.
Expected move or upcoming earnings makes the setup more event-sensitive.
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
Close347.44
1W+4.3%
RS-17.6
Fair value-15.5%
Options pressure0
Speculation43
Volatility63
Trend fit68
Today Versus Normal
Stored-options context
30d avg - · 3/10 sessions
-
90d avg - · 3/30 sessions
-
180d avg - · 3/60 sessions
-
30d avg - · 3/10 sessions
-
90d avg - · 3/30 sessions
-
180d avg - · 3/60 sessions
-
30d avg - · 3/10 sessions
-
90d avg - · 3/30 sessions
-
180d avg - · 3/60 sessions
-
30d avg - · 3/10 sessions
-
90d avg - · 3/30 sessions
-
180d avg - · 3/60 sessions
-
Pressure Trail
Recent pressure and volatility
29 Jul 10:27
Mixed
Pressure 17
Move 9.8%
30 Jul 10:23
Bullish
Pressure 23
Move 11.2%
31 Jul 12:19
Bearish
Pressure -28
Move 9.7%
31 Jul 13:55
Mixed
Pressure 0
Move 8.0%
Strike Map
Where activity is clustering
Strike190.00
Calls · V 0 · OI 0
Puts · V 84 · OI 28
Strike195.00
Calls · V 0 · OI 0
Puts · V 0 · OI 28
Strike200.00
Calls · V 0 · OI 0
Puts · V 8 · OI 33
Strike210.00
Calls · V 0 · OI 0
Puts · V 0 · OI 1
Strike220.00
Calls · V 0 · OI 0
Puts · V 4 · OI 14
Strike230.00
Calls · V 0 · OI 0
Puts · V 1 · OI 156
Strike240.00
Calls · V 0 · OI 0
Puts · V 1 · OI 166
Strike250.00
Calls · V 0 · OI 0
Puts · V 7 · OI 1730
Term Structure
Expiration activity
Expiry21 Aug 2026
Contracts45
Avg IV0.45
Put-call4.92
Expiry18 Sep 2026
Contracts73
Avg IV0.42
Put-call1.05
Expiry18 Dec 2026
Contracts76
Avg IV0.40
Put-call0.29
Expiry15 Jan 2027
Contracts92
Avg IV0.40
Put-call1.27
Expiry19 Mar 2027
Contracts63
Avg IV0.40
Put-call0.83
Skew
Call/put IV balance
21 Aug 2026Put IV premium
Call IV0.45
Put IV0.52
Skew0.08
18 Sep 2026Balanced skew
Call IV0.42
Put IV0.41
Skew0.00
18 Dec 2026Balanced skew
Call IV0.40
Put IV0.41
Skew0.01
15 Jan 2027Balanced skew
Call IV0.41
Put IV0.39
Skew-0.02
19 Mar 2027Balanced skew
Call IV0.40
Put IV0.39
Skew-0.01
Contract Tape
Most active contracts
ContractDPZ281215C00430000
SideCall
Expiry15 Dec 2028
Strike430.00
Volume-
OI46
IV0.38
ContractDPZ260821P00195000
SidePut
Expiry21 Aug 2026
Strike195.00
Volume-
OI28
IV1.92
ContractDPZ270617C00370000
SideCall
Expiry17 Jun 2027
Strike370.00
Volume-
OI10
IV0.40
ContractDPZ270319P00420000
SidePut
Expiry19 Mar 2027
Strike420.00
Volume-
OI10
IV0.52
ContractDPZ270319C00230000
SideCall
Expiry19 Mar 2027
Strike230.00
Volume-
OI5
IV0.48
ContractDPZ281215P00290000
SidePut
Expiry15 Dec 2028
Strike290.00
Volume-
OI5
IV0.35
ContractDPZ280121C00530000
SideCall
Expiry21 Jan 2028
Strike530.00
Volume-
OI5
IV0.37
ContractDPZ281215C00320000
SideCall
Expiry15 Dec 2028
Strike320.00
Volume-
OI3
IV0.41
Research Graph
Related research and context
Sharemaestro research
Related News
No recent ticker-specific news yet.
Market Watch
Earnings
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.