Primary read
Bullish
Call-side pressure
Ticker Options Intelligence
INOD options intelligence
Innodata Inc options pressure, expected move, strike concentration, and Sharemaestro trend context.
Conviction
44
Market data through 30 Jul 2026
Checked 30 Jul 2026 20:58 · complete available chain
Call-side pressure
Bullish pressure
INOD currently carries bullish options pressure with a 44/100 conviction score. The nearest-chain expected move is 8.4%, with volume/open-interest participation at 0.09.
Expected move
8.4%
Wider near-term move priced
Activity / OI
0.09
Current volume is quieter versus prior open interest
Put-call
0.59
Call-side skew
Trend fit
58
Options are not fully confirming trend
Weekly backdrop
+12.4%
RS -4.5
Expected move
8.4%
Put-call volume
0.59
Volume / OI
0.09
Reference IV
0.94
Max pain
60.00
Underlying
55.89
Nearest expiry
31 Jul 2026
Contracts
645
Research Brief
INOD has a bullish chain read with 44/100 evidence alignment.
The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 51.21–60.57; The largest call open-interest concentration is 69.00; the largest put concentration is 52.00. The most active strike by current volume is 60.00.
Priced range51.21–60.57
Call concentration69.00
Put concentration52.00
Max pain reference60.00
- 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 51.21 to 60.57. Max pain at 60.00 sits inside that range, 7.4% above spot.
Spot
Max pain
51.2155.89 ± 4.6860.57
Confirmation level
A close beyond 60.57 or below 51.21 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 44/100
Pressure is 26/100 toward calls; conviction uses its strength, while the signal label carries its direction.
Directional pressure26 × 42%
+10.8
How strongly activity leans toward calls or puts.
Participation42 × 22%
+9.3
Volume relative to existing open interest and contract-level activity.
Trend agreement58 × 26%
+15.2
How closely the chain read agrees with the underlying trend backdrop.
Volatility89 × 10%
+8.9
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 69.00; the largest put concentration is 52.00. The most active strike by current volume is 60.00. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.
Put open interestStrikeCall open interest
718
52.00-7.0%
0
16
56.000.2%
103
30
59.005.6%
26
306
60.007.4%
60
14
61.009.1%
118
6
62.0010.9%
74
17
63.0012.7%
54
31
65.0016.3%
103
4
66.0018.1%
173
8
67.0019.9%
83
3
68.0021.7%
105
2
69.0023.5%
232
36
70.0025.2%
107
12
75.0034.2%
43
8
80.0043.1%
101
0
100.0078.9%
46
3
103.0084.3%
0
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.
0.94
31 Jul
1d
1.59
7 Aug
8d
1.34
14 Aug
15d
1.24
21 Aug
22d
1.15
28 Aug
29d
1.10
4 Sep
36d
1.06
18 Sep
50d
1.03
20 Nov
113d
Volatility by Strike
Downside protection premium
Out-of-the-money puts carry higher implied volatility than comparable calls, indicating richer downside protection.
45
48
49
50
52
53
54
55
56
57
58
59
60
61
62
63
64
65
66
67
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
- 645 / 645
- 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: $4.7M 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+26
1W price+12.4%
Call premium37%
Put premium63%
Notional split
C 37% / P 63%
Estimated gross traded notional uses volume × contract multiplier × midpoint, or last price when no valid midpoint is available.
Freshness
0.09
Volume divided by open interest across the visible chain.
Trend fit
58/100
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.
Puts · 91+ days · ITM
puts cluster with 366 contracts traded, $1.5M estimated gross traded notional, and 32% of visible notional.
$1.5M
Calls · 91+ days · OTM
calls cluster with 990 contracts traded, $753240 estimated gross traded notional, and 16% of visible notional.
$753240
Puts · 0-7 days · ITM
puts cluster with 406 contracts traded, $584380 estimated gross traded notional, and 13% of visible notional.
$584380
Calls · 91+ days · ITM
calls cluster with 101 contracts traded, $425788 estimated gross traded notional, and 9% of visible notional.
$425788
Puts · 8-21 days · ITM
puts cluster with 159 contracts traded, $264550 estimated gross traded notional, and 6% of visible notional.
$264550
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
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
Close62.83
1W+12.4%
RS-4.5
Fair value+75.4%
Options pressure26
Speculation42
Volatility89
Trend fit58
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 10:51
Volatility
Pressure 69
Move 7.8%
30 Jul 10:42
Volatility
Pressure 41
Move 6.7%
30 Jul 15:23
Bullish
Pressure 22
Move 9.2%
30 Jul 15:44
Bullish
Pressure 21
Move 8.5%
30 Jul 19:58
Bullish
Pressure 26
Move 8.4%
Strike Map
Where activity is clustering
Strike40.00
Calls · V 0 · OI 0
Puts · V 2 · OI 1
Strike41.00
Calls · V 0 · OI 0
Puts · V 0 · OI 41
Strike45.00
Calls · V 0 · OI 0
Puts · V 1 · OI 1
Strike47.50
Calls · V 0 · OI 0
Puts · V 0 · OI 1
Strike49.00
Calls · V 2 · OI 0
Puts · V 1 · OI 2
Strike50.00
Calls · V 4 · OI 0
Puts · V 6 · OI 17
Strike52.00
Calls · V 0 · OI 0
Puts · V 5 · OI 718
Strike53.00
Calls · V 0 · OI 0
Puts · V 3 · OI 19
Term Structure
Expiration activity
Expiry31 Jul 2026
Contracts108
Avg IV0.94
Put-call0.59
Expiry7 Aug 2026
Contracts87
Avg IV1.59
Put-call0.40
Expiry14 Aug 2026
Contracts64
Avg IV1.34
Put-call0.48
Expiry21 Aug 2026
Contracts82
Avg IV1.24
Put-call0.30
Expiry28 Aug 2026
Contracts49
Avg IV1.15
Put-call0.99
Skew
Call/put IV balance
31 Jul 2026Put IV premium
Call IV0.68
Put IV1.59
Skew0.91
7 Aug 2026Put IV premium
Call IV1.53
Put IV1.67
Skew0.13
14 Aug 2026Put IV premium
Call IV1.30
Put IV1.40
Skew0.10
21 Aug 2026Balanced skew
Call IV1.24
Put IV1.26
Skew0.03
28 Aug 2026Put IV premium
Call IV1.15
Put IV1.22
Skew0.07
Contract Tape
Most active contracts
ContractINOD260731P00099000
SidePut
Expiry31 Jul 2026
Strike99.00
Volume-
OI-
IV4.32
ContractINOD260731P00041000
SidePut
Expiry31 Jul 2026
Strike41.00
Volume-
OI41
IV5.81
ContractINOD270219C00045000
SideCall
Expiry19 Feb 2027
Strike45.00
Volume-
OI15
IV0.97
ContractINOD280121P00115000
SidePut
Expiry21 Jan 2028
Strike115.00
Volume-
OI7
IV0.40
ContractINOD260821P00049000
SidePut
Expiry21 Aug 2026
Strike49.00
Volume-
OI6
IV1.29
ContractINOD260918P00070000
SidePut
Expiry18 Sep 2026
Strike70.00
Volume-
OI6
IV1.04
ContractINOD260828C00105000
SideCall
Expiry28 Aug 2026
Strike105.00
Volume-
OI3
IV1.37
ContractINOD260807C00050000
SideCall
Expiry7 Aug 2026
Strike50.00
Volume-
OI3
IV1.37
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.