Primary read
Bearish
Put-side pressure
Ticker Options Intelligence
SKY options intelligence
Skyline Corporation options pressure, expected move, strike concentration, and Sharemaestro trend context.
Conviction
41
Market data through 31 Jul 2026
Checked 1 Aug 2026 12:03 · complete available chain
Put-side pressure
Bearish pressure
SKY currently carries bearish options pressure with a 41/100 conviction score. The nearest-chain expected move is 11.9%, with volume/open-interest participation at 0.02.
Expected move
11.9%
Wider near-term move priced
Activity / OI
0.02
Current volume is quieter versus prior open interest
Put-call
1.86
Put-side skew
Trend fit
87
Options agree with trend context
Weekly backdrop
-2.5%
RS -8.7
Expected move
11.9%
Put-call volume
1.86
Volume / OI
0.02
Reference IV
0.66
Max pain
80.00
Underlying
81.63
Nearest expiry
21 Aug 2026
Contracts
150
Research Brief
SKY has a bearish chain read with 41/100 evidence alignment.
The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 71.93–91.33; The largest call open-interest concentration is 95.00; the largest put concentration is 75.00. The most active strike by current volume is 85.00.
Priced range71.93–91.33
Call concentration95.00
Put concentration75.00
Max pain reference80.00
- Price remains weak while put-side concentration persists.
- The current chain read already agrees with the stored weekly trend context.
- Price recovers while put pressure fades or reverses toward calls.
- 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 71.93 to 91.33. Max pain at 80.00 sits inside that range, 2.0% below spot.
Spot
Max pain
71.9381.63 ± 9.7091.33
Confirmation level
A close beyond 91.33 or below 71.93 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 41/100
Pressure is 20/100 toward puts; conviction uses its strength, while the signal label carries its direction.
Directional pressure20 × 42%
+8.5
How strongly activity leans toward calls or puts.
Participation6 × 22%
+1.3
Volume relative to existing open interest and contract-level activity.
Trend agreement87 × 26%
+22.6
How closely the chain read agrees with the underlying trend backdrop.
Volatility86 × 10%
+8.6
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 95.00; the largest put concentration is 75.00. The most active strike by current volume is 85.00. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.
Put open interestStrikeCall open interest
2
40.00-51.0%
0
2
45.00-44.9%
0
3
50.00-38.7%
0
4
55.00-32.6%
0
8
60.00-26.5%
14
36
65.00-20.4%
7
28
70.00-14.2%
8
164
75.00-8.1%
10
39
80.00-2.0%
147
15
85.004.1%
60
6
90.0010.3%
206
3
95.0016.4%
1035
3
100.0022.5%
231
0
105.0028.6%
6
0
110.0034.8%
21
0
135.0065.4%
3
0
140.0071.5%
6
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.
0.66
21 Aug
21d
0.56
18 Sep
49d
0.55
20 Nov
112d
0.52
19 Feb
203d
Volatility by Strike
Downside protection premium
Out-of-the-money puts carry higher implied volatility than comparable calls, indicating richer downside protection.
70
75
80
85
90
95
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
- 150 / 150
- 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 both cautionary.
Earnings/event positioning matters because it connects the options headline to the actual evidence: $21630 of estimated gross traded notional, puts · 8-21 days · itm, and a bearish 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-2.5%
Call premium21%
Put premium79%
Notional split
C 21% / P 79%
Estimated gross traded notional uses volume × contract multiplier × midpoint, or last price when no valid midpoint is available.
Freshness
0.02
Volume divided by open interest across the visible chain.
Trend fit
87/100
Agreement between options pressure and Sharemaestro market context.
Event window
4 Aug
Matched earnings event is 2 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 · 8-21 days · ITM
puts cluster with 10 contracts traded, $8700 estimated gross traded notional, and 40% of visible notional.
$8700
Puts · 46-90 days · ATM
puts cluster with 10 contracts traded, $6400 estimated gross traded notional, and 30% of visible notional.
$6400
Calls · 8-21 days · ITM
calls cluster with 1 contracts traded, $2015 estimated gross traded notional, and 9% of visible notional.
$2015
Calls · 8-21 days · OTM
calls cluster with 10 contracts traded, $1525 estimated gross traded notional, and 7% of visible notional.
$1525
Calls · 91+ days · OTM
calls cluster with 3 contracts traded, $1065 estimated gross traded notional, and 5% of visible notional.
$1065
Setup Classification
Opportunity and risk frame
Positioning agrees with the Sharemaestro trend backdrop.
The tape is pricing or displaying unusually elevated activity.
Expected move or upcoming earnings makes the setup more event-sensitive.
Underlying price is close to the max-pain zone.
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
Close79.61
1W-2.5%
RS-8.7
Fair value-0.2%
Options pressure-20
Speculation6
Volatility86
Trend fit87
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 10:44
Volatility
Pressure 89
Move 14.0%
30 Jul 08:42
Volatility
Pressure 100
Move 12.9%
30 Jul 22:21
Bullish
Pressure 31
Move 12.5%
31 Jul 13:05
Mixed
Pressure 10
Move 12.5%
31 Jul 13:41
Bullish
Pressure 31
Move 15.5%
31 Jul 18:51
Bullish
Pressure 25
Move 12.4%
1 Aug 11:03
Bearish
Pressure -20
Move 11.9%
Strike Map
Where activity is clustering
Strike40.00
Calls · V 0 · OI 0
Puts · V 0 · OI 2
Strike45.00
Calls · V 0 · OI 0
Puts · V 0 · OI 2
Strike50.00
Calls · V 0 · OI 0
Puts · V 0 · OI 3
Strike55.00
Calls · V 0 · OI 0
Puts · V 0 · OI 4
Strike60.00
Calls · V 1 · OI 14
Puts · V 0 · OI 8
Strike65.00
Calls · V 0 · OI 7
Puts · V 0 · OI 36
Strike70.00
Calls · V 0 · OI 8
Puts · V 0 · OI 28
Strike75.00
Calls · V 0 · OI 10
Puts · V 2 · OI 164
Term Structure
Expiration activity
Expiry21 Aug 2026
Contracts42
Avg IV0.66
Put-call1.27
Expiry18 Sep 2026
Contracts32
Avg IV0.56
Put-call-
Expiry20 Nov 2026
Contracts38
Avg IV0.55
Put-call0.67
Expiry19 Feb 2027
Contracts38
Avg IV0.52
Put-call-
Skew
Call/put IV balance
21 Aug 2026Put IV premium
Call IV0.63
Put IV0.76
Skew0.13
18 Sep 2026Put IV premium
Call IV0.53
Put IV0.62
Skew0.09
20 Nov 2026Balanced skew
Call IV0.53
Put IV0.58
Skew0.05
19 Feb 2027Put IV premium
Call IV0.49
Put IV0.56
Skew0.07
Contract Tape
Most active contracts
ContractSKY260821C00090000
SideCall
Expiry21 Aug 2026
Strike90.00
Volume10
OI206
IV0.63
ContractSKY260821P00085000
SidePut
Expiry21 Aug 2026
Strike85.00
Volume10
OI15
IV0.73
ContractSKY260918P00080000
SidePut
Expiry18 Sep 2026
Strike80.00
Volume10
OI-
IV0.55
ContractSKY261120C00100000
SideCall
Expiry20 Nov 2026
Strike100.00
Volume3
OI23
IV0.53
ContractSKY260821P00075000
SidePut
Expiry21 Aug 2026
Strike75.00
Volume2
OI164
IV0.69
ContractSKY260821P00080000
SidePut
Expiry21 Aug 2026
Strike80.00
Volume2
OI39
IV0.54
ContractSKY261120P00060000
SidePut
Expiry20 Nov 2026
Strike60.00
Volume2
OI3
IV0.60
ContractSKY260821C00060000
SideCall
Expiry21 Aug 2026
Strike60.00
Volume1
OI14
IV0.81
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.