Ticker Options Intelligence

ENOV options intelligence

Enovis Corp options pressure, expected move, strike concentration, and Sharemaestro trend context.

Conviction 51 Market data through 31 Jul 2026 Checked 31 Jul 2026 17:10 · complete available chain

Volatility expansion watch

Volatility pressure

ENOV currently carries volatility options pressure with a 51/100 conviction score. The nearest-chain expected move is 26.1%, with volume/open-interest participation at 0.11.

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

Volatility expansion watch

Expected move 26.1%

Wider near-term move priced

Activity / OI 0.11

Current volume is quieter versus prior open interest

Put-call 0.19

Call-side skew

Trend fit 22

Options are not fully confirming trend

Weekly backdrop +7.8%

RS 0.6

Expected move 26.1%
Put-call volume 0.19
Volume / OI 0.11
Reference IV 1.28
Max pain 22.50
Underlying 27.03
Nearest expiry 21 Aug 2026
Contracts 57

Research Brief

ENOV has a volatility chain read with 51/100 evidence alignment.

The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 19.98–34.08; The largest call open-interest concentration is 30.00; the largest put concentration is 20.00. The most active strike by current volume is 25.00.

Priced range19.98–34.08
Call concentration30.00
Put concentration20.00
Max pain reference22.50
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 19.98 to 34.08. Max pain at 22.50 sits inside that range, 16.8% below spot.

Spot Max pain
19.9827.03 ± 7.0534.08
Confirmation level

A close beyond 34.08 or below 19.98 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 51/100

Evidence alignment, not probability

Pressure is 78/100 toward calls; conviction uses its strength, while the signal label carries its direction.

Directional pressure78 × 42%
+33.0

How strongly activity leans toward calls or puts.

Participation11 × 22%
+2.3

Volume relative to existing open interest and contract-level activity.

Trend agreement22 × 26%
+5.8

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 score50.7Matches stored calculation

Positioning by Strike

Where open interest and current activity concentrate

Full strike map

The largest call open-interest concentration is 30.00; the largest put concentration is 20.00. The most active strike by current volume is 25.00. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.

Put open interestStrikeCall open interest
1
12.50-53.8%
0
11
17.50-35.3%
0
47
20.00-26.0%
13
15
22.50-16.8%
62
0
25.00-7.5%
128
0
30.0011.0%
198
Nearest spot strike Max pain strikeBars show relative OI within this expiry

Volatility Curve

Front-loaded volatility

1.58× front/back

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

1.28 21 Aug 21d
0.90 18 Sep 49d
0.85 16 Oct 77d
0.74 18 Dec 140d
0.81 15 Jan 168d

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.

23
25
30
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

A96/100
Retained chain100%
Implied volatility100%
Two-sided quotes100%
Open interest100%
Chain status
Complete available chain
Market date
31 Jul 2026
Calculation
v2.0
Contracts
57 / 57
  • 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

84/100
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: $435948 of estimated gross traded notional, calls · 91+ days · itm, 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+78
1W price+7.8%
Call premium95%
Put premium5%
Notional split C 95% / P 5% 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 22/100 Agreement between options pressure and Sharemaestro market context.
Event window 6 Aug Matched earnings event is 5 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 · 91+ days · ITM
Calls · 91+ days · ITM calls cluster with 524 contracts traded, $398805 estimated gross traded notional, and 91% of visible notional.
$398805
Puts · 91+ days · OTM puts cluster with 77 contracts traded, $16865 estimated gross traded notional, and 4% of visible notional.
$16865
Calls · 8-21 days · ITM calls cluster with 10 contracts traded, $4855 estimated gross traded notional, and 1% of visible notional.
$4855
Calls · 46-90 days · OTM calls cluster with 18 contracts traded, $3310 estimated gross traded notional, and 1% of visible notional.
$3310
Puts · 91+ days · ITM puts cluster with 4 contracts traded, $3155 estimated gross traded notional, and 1% of visible notional.
$3155

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.

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
Close29.15
1W+7.8%
RS0.6
Fair value-26.6%
Options pressure78
Speculation11
Volatility96
Trend fit22

Today Versus Normal

Stored-options context

View history
Expected move 26.1% history building
30d avg - · 3/10 sessions -
90d avg - · 3/30 sessions -
180d avg - · 3/60 sessions -
IV 1.28 history building
30d avg - · 3/10 sessions -
90d avg - · 3/30 sessions -
180d avg - · 3/60 sessions -
Put-call 0.19 history building
30d avg - · 3/10 sessions -
90d avg - · 3/30 sessions -
180d avg - · 3/60 sessions -
Volume/OI 0.11 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 11:08 Bullish
Pressure 46
Move 23.3%
30 Jul 10:56 Mixed
Pressure -13
Move 18.0%
31 Jul 05:21 Volatility
Pressure 50
Move 21.5%
31 Jul 14:01 Volatility
Pressure 79
Move 26.5%
31 Jul 15:07 Volatility
Pressure 78
Move 26.1%
31 Jul 16:10 Volatility
Pressure 78
Move 26.1%

Strike Map

Where activity is clustering

Full strike map
Strike12.50
Calls · V 0 · OI 0
Puts · V 1 · OI 1
Strike17.50
Calls · V 0 · OI 0
Puts · V 1 · OI 11
Strike20.00
Calls · V 0 · OI 13
Puts · V 1 · OI 47
Strike22.50
Calls · V 1 · OI 62
Puts · V 2 · OI 15
Strike25.00
Calls · V 9 · OI 128
Puts · V 0 · OI 0
Strike30.00
Calls · V 5 · OI 198
Puts · V 0 · OI 0

Term Structure

Expiration activity

Volume and IV
Expiry21 Aug 2026
Contracts8
Avg IV1.28
Put-call0.33
Expiry18 Sep 2026
Contracts4
Avg IV0.90
Put-call1.00
Expiry16 Oct 2026
Contracts13
Avg IV0.85
Put-call1.05
Expiry18 Dec 2026
Contracts17
Avg IV0.74
Put-call0.15
Expiry15 Jan 2027
Contracts15
Avg IV0.81
Put-call0.30

Skew

Call/put IV balance

OTM demand
21 Aug 2026Put IV premium
Call IV0.82
Put IV0.89
Skew0.07
18 Sep 2026Balanced skew
Call IV0.86
Put IV0.88
Skew0.02
16 Oct 2026Balanced skew
Call IV0.77
Put IV0.81
Skew0.04
18 Dec 2026Balanced skew
Call IV0.77
Put IV0.77
Skew0.00
15 Jan 2027Balanced skew
Call IV0.79
Put IV0.83
Skew0.05

Contract Tape

Most active contracts

Full contract tape
ContractENOV260821C00020000
SideCall
Expiry21 Aug 2026
Strike20.00
Volume-
OI13
IV1.73
ContractENOV261218C00017500
SideCall
Expiry18 Dec 2026
Strike17.50
Volume-
OI10
IV0.51
ContractENOV270115C00017500
SideCall
Expiry15 Jan 2027
Strike17.50
Volume-
OI10
IV0.84
ContractENOV261218C00015000
SideCall
Expiry18 Dec 2026
Strike15.00
Volume-
OI7
IV0.00
ContractENOV260918P00022500
SidePut
Expiry18 Sep 2026
Strike22.50
Volume-
OI3
IV0.93
ContractENOV261016P00035000
SidePut
Expiry16 Oct 2026
Strike35.00
Volume-
OI2
IV0.73
ContractENOV260918P00020000
SidePut
Expiry18 Sep 2026
Strike20.00
Volume-
OI1
IV0.92
ContractENOV270115C00012500
SideCall
Expiry15 Jan 2027
Strike12.50
Volume-
OI-
IV0.00