Primary read
Bullish
Call-side pressure
Ticker Options Intelligence
SOLV options intelligence
Solventum Corp. options pressure, expected move, strike concentration, and Sharemaestro trend context.
Conviction
45
Market data through 31 Jul 2026
Checked 1 Aug 2026 22:43 · complete available chain
Call-side pressure
Bullish pressure
SOLV currently carries bullish options pressure with a 45/100 conviction score. The nearest-chain expected move is 7.6%, with volume/open-interest participation at 0.21.
Expected move
7.6%
Wider near-term move priced
Activity / OI
0.21
Current volume is quieter versus prior open interest
Put-call
0.68
Call-side skew
Trend fit
62
Options agree with trend context
Weekly backdrop
+9.5%
RS 4.7
Expected move
7.6%
Put-call volume
0.68
Volume / OI
0.21
Reference IV
0.42
Max pain
80.00
Underlying
85.44
Nearest expiry
21 Aug 2026
Contracts
166
Research Brief
SOLV has a bullish chain read with 45/100 evidence alignment.
The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 78.92–91.96; The largest call open-interest concentration is 85.00; the largest put concentration is 75.00. The most active strike by current volume is 90.00.
Priced range78.92–91.96
Call concentration85.00
Put concentration75.00
Max pain reference80.00
- 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.
- 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 78.92 to 91.96. Max pain at 80.00 sits inside that range, 6.4% below spot.
Spot
Max pain
78.9285.44 ± 6.5291.96
Confirmation level
A close beyond 91.96 or below 78.92 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 45/100
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.
Participation45 × 22%
+9.9
Volume relative to existing open interest and contract-level activity.
Trend agreement62 × 26%
+16.2
How closely the chain read agrees with the underlying trend backdrop.
Volatility60 × 10%
+6.0
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 85.00; the largest put concentration is 75.00. The most active strike by current volume is 90.00. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.
Put open interestStrikeCall open interest
0
40.00-53.2%
0
0
45.00-47.3%
0
0
50.00-41.5%
0
0
55.00-35.6%
0
2
60.00-29.8%
1
9
65.00-23.9%
3
36
70.00-18.1%
18
42
75.00-12.2%
26
34
80.00-6.4%
98
26
85.00-0.5%
560
0
90.005.3%
185
0
95.0011.2%
81
0
100.0017.0%
7
0
105.0022.9%
0
0
110.0028.7%
1
2
115.0034.6%
4
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.
0.42
21 Aug
21d
0.34
18 Sep
49d
0.34
16 Oct
77d
0.35
20 Nov
112d
0.35
15 Jan
168d
Volatility by Strike
Balanced wings
Comparable upside calls and downside puts carry broadly similar implied volatility.
70
75
80
85
90
95
100
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
- 166 / 166
- 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: $1.8M of estimated gross traded notional, calls · 46-90 days · atm, 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+30
1W price+9.5%
Call premium61%
Put premium39%
Notional split
C 61% / P 39%
Estimated gross traded notional uses volume × contract multiplier × midpoint, or last price when no valid midpoint is available.
Freshness
0.21
Volume divided by open interest across the visible chain.
Trend fit
62/100
Agreement between options pressure and Sharemaestro market context.
Event window
5 Aug
Matched earnings event is 3 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 · 46-90 days · ATM
calls cluster with 1548 contracts traded, $905400 estimated gross traded notional, and 52% of visible notional.
$905400
Puts · 46-90 days · ATM
puts cluster with 1500 contracts traded, $675000 estimated gross traded notional, and 39% of visible notional.
$675000
Calls · 91+ days · OTM
calls cluster with 230 contracts traded, $96028 estimated gross traded notional, and 5% of visible notional.
$96028
Calls · 8-21 days · OTM
calls cluster with 315 contracts traded, $47955 estimated gross traded notional, and 3% of visible notional.
$47955
Calls · 46-90 days · OTM
calls cluster with 85 contracts traded, $14630 estimated gross traded notional, and 1% of visible notional.
$14630
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.
Call pressure is building while the stock sits above Sharemaestro fair value.
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
Close85.44
1W+9.5%
RS4.7
Fair value+20.8%
Options pressure30
Speculation45
Volatility60
Trend fit62
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 10:24
Bullish
Pressure 100
Move 11.7%
29 Jul 18:44
Volatility
Pressure 100
Move 12.4%
31 Jul 13:32
Bullish
Pressure 100
Move 12.1%
31 Jul 14:45
Volatility
Pressure 69
Move 10.9%
1 Aug 09:28
Bullish
Pressure 30
Move 10.4%
1 Aug 21:43
Bullish
Pressure 30
Move 7.6%
Strike Map
Where activity is clustering
Strike40.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike45.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike50.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike55.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike60.00
Calls · V 1 · OI 1
Puts · V 0 · OI 2
Strike65.00
Calls · V 0 · OI 3
Puts · V 0 · OI 9
Strike70.00
Calls · V 0 · OI 18
Puts · V 0 · OI 36
Strike75.00
Calls · V 0 · OI 26
Puts · V 0 · OI 42
Term Structure
Expiration activity
Expiry21 Aug 2026
Contracts32
Avg IV0.42
Put-call-
Expiry18 Sep 2026
Contracts32
Avg IV0.34
Put-call-
Expiry16 Oct 2026
Contracts32
Avg IV0.34
Put-call0.95
Expiry20 Nov 2026
Contracts34
Avg IV0.35
Put-call0.18
Expiry15 Jan 2027
Contracts36
Avg IV0.35
Put-call-
Skew
Call/put IV balance
21 Aug 2026Balanced skew
Call IV0.39
Put IV0.40
Skew0.01
18 Sep 2026Balanced skew
Call IV0.31
Put IV0.34
Skew0.03
16 Oct 2026Balanced skew
Call IV0.34
Put IV0.34
Skew-
20 Nov 2026Balanced skew
Call IV0.33
Put IV0.34
Skew0.01
15 Jan 2027Balanced skew
Call IV0.37
Put IV0.34
Skew-0.03
Contract Tape
Most active contracts
ContractSOLV261016C00085000
SideCall
Expiry16 Oct 2026
Strike85.00
Volume1546
OI203
IV0.34
ContractSOLV261016P00085000
SidePut
Expiry16 Oct 2026
Strike85.00
Volume1500
OI32
IV0.33
ContractSOLV260821C00090000
SideCall
Expiry21 Aug 2026
Strike90.00
Volume314
OI185
IV0.39
ContractSOLV270115C00095000
SideCall
Expiry15 Jan 2027
Strike95.00
Volume100
OI534
IV0.36
ContractSOLV270115C00100000
SideCall
Expiry15 Jan 2027
Strike100.00
Volume82
OI264
IV0.33
ContractSOLV260918C00090000
SideCall
Expiry18 Sep 2026
Strike90.00
Volume27
OI2283
IV0.36
ContractSOLV261016C00095000
SideCall
Expiry16 Oct 2026
Strike95.00
Volume26
OI39
IV0.34
ContractSOLV270115C00110000
SideCall
Expiry15 Jan 2027
Strike110.00
Volume25
OI7856
IV0.35
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.