Primary read
Bullish
Call-side pressure
Ticker Options Intelligence
DIS options intelligence
Walt Disney Company options pressure, expected move, strike concentration, and Sharemaestro trend context.
Conviction
34
Market data through 30 Jul 2026
Checked 31 Jul 2026 11:09 · complete available chain
Call-side pressure
Bullish pressure
DIS currently carries bullish options pressure with a 34/100 conviction score. The nearest-chain expected move is 1.7%, with volume/open-interest participation at 0.07.
Expected move
1.7%
Near-term move context
Activity / OI
0.07
Current volume is quieter versus prior open interest
Put-call
0.68
Call-side skew
Trend fit
47
Options are not fully confirming trend
Weekly backdrop
+1.4%
RS -17.0
Expected move
1.7%
Put-call volume
0.68
Volume / OI
0.07
Reference IV
0.33
Max pain
96.00
Underlying
94.85
Nearest expiry
31 Jul 2026
Contracts
1002
Research Brief
DIS has a bullish chain read with 34/100 evidence alignment.
The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 93.19–96.51; The largest call open-interest concentration is 101.00; the largest put concentration is 93.00. The most active strike by current volume is 97.00.
Priced range93.19–96.51
Call concentration101.00
Put concentration93.00
Max pain reference96.00
- Price holds or improves while call-side concentration remains elevated.
- Price weakens while call pressure fades or reverses toward puts.
- Options and the weekly trend are not yet giving the same message.
Priced Move
Where the chain says movement becomes exceptional
Options imply 93.19 to 96.51. Max pain at 96.00 sits inside that range, 1.2% above spot.
Spot
Max pain
93.1994.85 ± 1.6696.51
Confirmation level
A close beyond 96.51 or below 93.19 at the 31 Jul 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 34/100
Pressure is 23/100 toward calls; conviction uses its strength, while the signal label carries its direction.
Directional pressure23 × 42%
+9.6
How strongly activity leans toward calls or puts.
Participation42 × 22%
+9.2
Volume relative to existing open interest and contract-level activity.
Trend agreement47 × 26%
+12.1
How closely the chain read agrees with the underlying trend backdrop.
Volatility30 × 10%
+3.0
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 101.00; the largest put concentration is 93.00. The most active strike by current volume is 97.00. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.
Put open interestStrikeCall open interest
955
85.00-10.4%
78
1626
90.00-5.1%
41
788
91.00-4.1%
20
1251
92.00-3.0%
113
2897
93.00-2.0%
233
986
94.00-0.9%
254
884
95.000.2%
563
1284
96.001.2%
2715
630
97.002.3%
453
432
98.003.3%
1444
1440
99.004.4%
1203
325
100.005.4%
2634
52
101.006.5%
3152
16
102.007.5%
1738
7
103.008.6%
1483
0
104.009.6%
1058
0
105.0010.7%
664
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.
0.33
31 Jul
1d
0.56
7 Aug
8d
0.43
14 Aug
15d
0.38
21 Aug
22d
0.36
28 Aug
29d
0.34
4 Sep
36d
0.32
11 Sep
43d
0.31
18 Sep
50d
Volatility by Strike
Balanced wings
Comparable upside calls and downside puts carry broadly similar implied volatility.
80
85
87
88
90
91
93
94
96
97
98
100
101
103
104
106
107
109
110
112
113
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
Usable with limits
Retained chain100%
Implied volatility100%
Two-sided quotes100%
Open interest100%
- Chain status
- Complete available chain
- Market date
- 30 Jul 2026
- Calculation
- v2.0
- Contracts
- 1002 / 1002
- 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
Options activity is concentrated around a live event window, so the cleanest read is event positioning rather than pure direction.
Options pressure and weekly price action are pointing in the same constructive direction.
Earnings/event positioning matters because it connects the options headline to the actual evidence: $12.4M of estimated gross traded notional, calls · 91+ days · otm, 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+23
1W price+1.4%
Call premium62%
Put premium38%
Notional split
C 62% / P 38%
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
47/100
Agreement between options pressure and Sharemaestro market context.
Event window
5 Aug
Matched earnings event is 4 days away.
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 · OTM
calls cluster with 6104 contracts traded, $3.4M estimated gross traded notional, and 28% of visible notional.
$3.4M
Puts · 46-90 days · ITM
puts cluster with 745 contracts traded, $1.5M estimated gross traded notional, and 12% of visible notional.
$1.5M
Calls · 46-90 days · OTM
calls cluster with 3805 contracts traded, $830804 estimated gross traded notional, and 7% of visible notional.
$830804
Calls · 0-7 days · ATM
calls cluster with 4407 contracts traded, $680035 estimated gross traded notional, and 5% of visible notional.
$680035
Calls · 8-21 days · OTM
calls cluster with 5624 contracts traded, $671542 estimated gross traded notional, and 5% of visible notional.
$671542
Setup Classification
Opportunity and risk frame
Expected move or upcoming earnings makes the setup more event-sensitive.
Underlying price is close to the max-pain zone.
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
Close96.19
1W+1.4%
RS-17.0
Fair value-5.4%
Options pressure23
Speculation42
Volatility30
Trend fit47
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
29 Jul 10:00
Bullish
Pressure 25
Move 4.6%
30 Jul 10:00
Mixed
Pressure 18
Move 3.8%
30 Jul 15:14
Bullish
Pressure 18
Move 1.7%
30 Jul 15:37
Bullish
Pressure 21
Move 1.7%
30 Jul 19:40
Bullish
Pressure 23
Move 1.8%
31 Jul 04:38
Mixed
Pressure 8
Move 1.6%
31 Jul 10:09
Bullish
Pressure 23
Move 1.7%
Strike Map
Where activity is clustering
Strike65.00
Calls · V 2 · OI 13
Puts · V 0 · OI 30
Strike70.00
Calls · V 2 · OI 14
Puts · V 2 · OI 3
Strike75.00
Calls · V 2 · OI 73
Puts · V 0 · OI 38
Strike80.00
Calls · V 4 · OI 13
Puts · V 0 · OI 87
Strike85.00
Calls · V 12 · OI 78
Puts · V 0 · OI 955
Strike86.00
Calls · V 2 · OI 8
Puts · V 0 · OI 149
Strike87.00
Calls · V 1 · OI 4
Puts · V 0 · OI 239
Strike88.00
Calls · V 1 · OI 10
Puts · V 0 · OI 112
Term Structure
Expiration activity
Expiry31 Jul 2026
Contracts84
Avg IV0.33
Put-call1.25
Expiry7 Aug 2026
Contracts90
Avg IV0.56
Put-call0.81
Expiry14 Aug 2026
Contracts84
Avg IV0.43
Put-call0.10
Expiry21 Aug 2026
Contracts88
Avg IV0.38
Put-call0.57
Expiry28 Aug 2026
Contracts72
Avg IV0.36
Put-call0.75
Skew
Call/put IV balance
31 Jul 2026Balanced skew
Call IV0.33
Put IV0.37
Skew0.04
7 Aug 2026Balanced skew
Call IV0.54
Put IV0.55
Skew0.01
14 Aug 2026Balanced skew
Call IV0.41
Put IV0.43
Skew0.02
21 Aug 2026Balanced skew
Call IV0.37
Put IV0.38
Skew0.01
28 Aug 2026Balanced skew
Call IV0.35
Put IV0.35
Skew-
Contract Tape
Most active contracts
ContractDIS260731C00098000
SideCall
Expiry31 Jul 2026
Strike98.00
Volume1862
OI1444
IV0.36
ContractDIS260918C00100000
SideCall
Expiry18 Sep 2026
Strike100.00
Volume1692
OI3618
IV0.31
ContractDIS260731P00092000
SidePut
Expiry31 Jul 2026
Strike92.00
Volume1550
OI1251
IV0.39
ContractDIS260814C00105000
SideCall
Expiry14 Aug 2026
Strike105.00
Volume1500
OI216
IV0.42
ContractDIS260731C00096000
SideCall
Expiry31 Jul 2026
Strike96.00
Volume1495
OI2715
IV0.34
ContractDIS260814C00104000
SideCall
Expiry14 Aug 2026
Strike104.00
Volume1457
OI158
IV0.41
ContractDIS260731P00093000
SidePut
Expiry31 Jul 2026
Strike93.00
Volume1251
OI2897
IV0.37
ContractDIS260731P00090000
SidePut
Expiry31 Jul 2026
Strike90.00
Volume1191
OI1626
IV0.55
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
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.