Primary read
Bullish
Call-side pressure
Ticker Options Intelligence
TTD options intelligence
Trade Desk Inc options pressure, expected move, strike concentration, and Sharemaestro trend context.
Conviction
36
Market data through 31 Jul 2026
Checked 2 Aug 2026 02:09 · complete available chain
Call-side pressure
Bullish pressure
TTD currently carries bullish options pressure with a 36/100 conviction score. The nearest-chain expected move is 13.7%, with volume/open-interest participation at 0.03.
Expected move
13.7%
Wider near-term move priced
Activity / OI
0.03
Current volume is quieter versus prior open interest
Put-call
0.76
Balanced tape
Trend fit
34
Options are not fully confirming trend
Weekly backdrop
+4.3%
RS -51.3
Expected move
13.7%
Put-call volume
0.76
Volume / OI
0.03
Reference IV
1.28
Max pain
19.00
Underlying
18.04
Nearest expiry
7 Aug 2026
Contracts
854
Research Brief
TTD has a bullish chain read with 36/100 evidence alignment.
The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 15.56–20.52; The largest call open-interest concentration is 20.00; the largest put concentration is 16.00. The most active strike by current volume is 14.50.
Priced range15.56–20.52
Call concentration20.00
Put concentration16.00
Max pain reference19.00
- 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.
- 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 15.56 to 20.52. Max pain at 19.00 sits inside that range, 5.3% above spot.
Spot
Max pain
15.5618.04 ± 2.4820.52
Confirmation level
A close beyond 20.52 or below 15.56 at the 7 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 36/100
Pressure is 20/100 toward calls; conviction uses its strength, while the signal label carries its direction.
Directional pressure20 × 42%
+8.4
How strongly activity leans toward calls or puts.
Participation41 × 22%
+8.9
Volume relative to existing open interest and contract-level activity.
Trend agreement34 × 26%
+8.9
How closely the chain read agrees with the underlying trend backdrop.
Volatility96 × 10%
+9.6
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 20.00; the largest put concentration is 16.00. The most active strike by current volume is 14.50. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.
Put open interestStrikeCall open interest
512
14.50-19.6%
0
1656
15.00-16.9%
47
1826
16.00-11.3%
11
706
16.50-8.5%
38
1216
17.00-5.8%
235
748
17.50-3.0%
84
1137
18.00-0.2%
462
884
18.502.5%
1247
249
19.005.3%
661
142
19.508.1%
1390
228
20.0010.9%
2436
65
20.5013.6%
704
41
21.0016.4%
2183
85
22.0022.0%
1462
1112
22.5024.7%
446
31
23.0027.5%
1318
1033
25.0038.6%
1095
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.
1.28
7 Aug
7d
1.00
14 Aug
14d
0.90
21 Aug
21d
0.81
28 Aug
28d
0.79
4 Sep
35d
0.75
11 Sep
42d
0.76
18 Sep
49d
0.73
16 Oct
77d
Volatility by Strike
Balanced wings
Comparable upside calls and downside puts carry broadly similar implied volatility.
15
15
16
16
17
17
18
18
19
19
20
20
21
21
22
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
High
Retained chain100%
Implied volatility100%
Two-sided quotes100%
Open interest100%
- Chain status
- Complete available chain
- Market date
- 31 Jul 2026
- Calculation
- v2.0
- Contracts
- 854 / 854
- 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: $10.6M of estimated gross traded notional, puts · 91+ days · itm, 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+20
1W price+4.3%
Call premium26%
Put premium74%
Notional split
C 26% / P 74%
Estimated gross traded notional uses volume × contract multiplier × midpoint, or last price when no valid midpoint is available.
Freshness
0.03
Volume divided by open interest across the visible chain.
Trend fit
34/100
Agreement between options pressure and Sharemaestro market context.
Event window
6 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.
Puts · 91+ days · ITM
puts cluster with 1790 contracts traded, $7.2M estimated gross traded notional, and 68% of visible notional.
$7.2M
Calls · 91+ days · OTM
calls cluster with 4389 contracts traded, $1.8M estimated gross traded notional, and 17% of visible notional.
$1.8M
Calls · 91+ days · ITM
calls cluster with 510 contracts traded, $312205 estimated gross traded notional, and 3% of visible notional.
$312205
Calls · 46-90 days · ITM
calls cluster with 406 contracts traded, $141572 estimated gross traded notional, and 1% of visible notional.
$141572
Puts · 8-21 days · OTM
puts cluster with 2926 contracts traded, $132093 estimated gross traded notional, and 1% of visible notional.
$132093
Setup Classification
Opportunity and risk frame
The tape is pricing or displaying unusually elevated activity.
Expected move or upcoming earnings makes the setup more event-sensitive.
Options positioning is not confirming the underlying trend context.
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
Close18.04
1W+4.3%
RS-51.3
Fair value-73.9%
Options pressure20
Speculation41
Volatility96
Trend fit34
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 10:28
Bullish
Pressure 44
Move 8.8%
30 Jul 10:23
Bullish
Pressure 60
Move 9.3%
31 Jul 10:12
Bullish
Pressure 26
Move 5.3%
31 Jul 13:53
Mixed
Pressure 17
Move 4.1%
31 Jul 15:37
Bullish
Pressure 21
Move 1.9%
2 Aug 01:09
Bullish
Pressure 20
Move 13.7%
Strike Map
Where activity is clustering
Strike12.00
Calls · V 1 · OI 2
Puts · V 3 · OI 19
Strike12.50
Calls · V 0 · OI 1
Puts · V 34 · OI 10
Strike13.00
Calls · V 1 · OI 1
Puts · V 307 · OI 306
Strike13.50
Calls · V 1 · OI 3
Puts · V 328 · OI 322
Strike14.00
Calls · V 1 · OI 3
Puts · V 197 · OI 385
Strike14.50
Calls · V 0 · OI 0
Puts · V 780 · OI 512
Strike15.00
Calls · V 31 · OI 47
Puts · V 385 · OI 1656
Strike15.50
Calls · V 74 · OI 0
Puts · V 205 · OI 414
Term Structure
Expiration activity
Expiry7 Aug 2026
Contracts68
Avg IV1.28
Put-call1.03
Expiry14 Aug 2026
Contracts68
Avg IV1.00
Put-call0.85
Expiry21 Aug 2026
Contracts70
Avg IV0.90
Put-call2.31
Expiry28 Aug 2026
Contracts54
Avg IV0.81
Put-call0.73
Expiry4 Sep 2026
Contracts58
Avg IV0.79
Put-call24.64
Skew
Call/put IV balance
7 Aug 2026Balanced skew
Call IV1.27
Put IV1.23
Skew-0.04
14 Aug 2026Balanced skew
Call IV0.95
Put IV0.98
Skew0.03
21 Aug 2026Balanced skew
Call IV0.90
Put IV0.87
Skew-0.03
28 Aug 2026Call IV premium
Call IV0.85
Put IV0.79
Skew-0.07
4 Sep 2026Balanced skew
Call IV0.81
Put IV0.81
Skew0.01
Contract Tape
Most active contracts
ContractTTD260821P00014500
SidePut
Expiry21 Aug 2026
Strike14.50
Volume1855
OI152
IV1.00
ContractTTD260918C00025000
SideCall
Expiry18 Sep 2026
Strike25.00
Volume982
OI11641
IV0.76
ContractTTD281215C00022500
SideCall
Expiry15 Dec 2028
Strike22.50
Volume960
OI13
IV0.73
ContractTTD260807P00014500
SidePut
Expiry7 Aug 2026
Strike14.50
Volume780
OI512
IV1.28
ContractTTD270115P00060000
SidePut
Expiry15 Jan 2027
Strike60.00
Volume736
OI408
IV1.28
ContractTTD260807C00021000
SideCall
Expiry7 Aug 2026
Strike21.00
Volume646
OI2183
IV1.28
ContractTTD260807C00025000
SideCall
Expiry7 Aug 2026
Strike25.00
Volume568
OI1095
IV1.37
ContractTTD281215C00020000
SideCall
Expiry15 Dec 2028
Strike20.00
Volume449
OI71
IV0.72
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.