Primary read
Bullish
Call-side pressure
Ticker Options Intelligence
FLG options intelligence
Flagstar Financial, Inc. options pressure, expected move, strike concentration, and Sharemaestro trend context.
Conviction
40
Market data through 31 Jul 2026
Checked 1 Aug 2026 03:35 · complete available chain
Call-side pressure
Bullish pressure
FLG currently carries bullish options pressure with a 40/100 conviction score. The nearest-chain expected move is 5.4%, with volume/open-interest participation at 0.00.
Expected move
5.4%
Near-term move context
Activity / OI
0.00
Current volume is quieter versus prior open interest
Put-call
0.37
Call-side skew
Trend fit
52
Options are not fully confirming trend
Weekly backdrop
+2.7%
RS 0.1
Expected move
5.4%
Put-call volume
0.37
Volume / OI
0.00
Reference IV
0.30
Max pain
14.00
Underlying
13.85
Nearest expiry
21 Aug 2026
Contracts
270
Research Brief
FLG has a bullish chain read with 40/100 evidence alignment.
The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 13.10–14.60; The largest call open-interest concentration is 16.00; the largest put concentration is 14.00. The most active strike by current volume is 15.00.
Priced range13.10–14.60
Call concentration16.00
Put concentration14.00
Max pain reference14.00
- 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 13.10 to 14.60. Max pain at 14.00 sits inside that range, 1.1% above spot.
Spot
Max pain
13.1013.85 ± 0.7514.60
Confirmation level
A close beyond 14.60 or below 13.10 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 40/100
Pressure is 51/100 toward calls; conviction uses its strength, while the signal label carries its direction.
Directional pressure51 × 42%
+21.5
How strongly activity leans toward calls or puts.
Participation2 × 22%
+0.5
Volume relative to existing open interest and contract-level activity.
Trend agreement52 × 26%
+13.4
How closely the chain read agrees with the underlying trend backdrop.
Volatility43 × 10%
+4.3
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 16.00; the largest put concentration is 14.00. The most active strike by current volume is 15.00. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.
Put open interestStrikeCall open interest
1
7.00-49.5%
1
0
8.00-42.2%
1
4
9.00-35.0%
1
0
10.00-27.8%
0
43
11.00-20.6%
0
14
12.00-13.4%
2
772
13.00-6.1%
166
6330
14.001.1%
708
690
15.008.3%
11012
12
16.0015.5%
28127
1
17.0022.7%
333
0
18.0030.0%
83
1
19.0037.2%
0
0
20.0044.4%
1
0
21.0051.6%
0
0
22.0058.8%
0
0
23.0066.1%
0
Nearest spot strike Max pain strikeBars show relative OI within this expiry
Volatility Curve
Back-loaded volatility
Longer-dated options carry more implied volatility than the front expiry, so risk is priced farther out.
0.30
21 Aug
21d
0.33
18 Sep
49d
0.31
16 Oct
77d
0.33
20 Nov
112d
0.32
15 Jan
168d
0.33
19 Mar
231d
0.35
16 Jul
350d
0.35
21 Jan
539d
Volatility by Strike
Downside protection premium
Out-of-the-money puts carry higher implied volatility than comparable calls, indicating richer downside protection.
12
13
14
15
16
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
- 270 / 270
- 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
Multi-expiry position-maintenance candidate
Activity is spread across expirations with heavier open interest than current volume, which can be consistent with position maintenance.
Options pressure and weekly price action are pointing in the same constructive direction.
Multi-expiry position-maintenance candidate matters because it connects the options headline to the actual evidence: $38305 of estimated gross traded notional, calls · 91+ days · otm, 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+51
1W price+2.7%
Call premium64%
Put premium36%
Notional split
C 64% / P 36%
Estimated gross traded notional uses volume × contract multiplier × midpoint, or last price when no valid midpoint is available.
Freshness
0.00
Volume divided by open interest across the visible chain.
Trend fit
52/100
Agreement between options pressure and Sharemaestro market context.
Aggregate chain data does not identify trade aggressor or opening versus closing activity; call/put concentration is not proof of market direction.
Roll detection is conservative because opening and closing legs are not directly observable in this snapshot.
Calls · 91+ days · OTM
calls cluster with 515 contracts traded, $17288 estimated gross traded notional, and 45% of visible notional.
$17288
Calls · 46-90 days · OTM
calls cluster with 120 contracts traded, $5208 estimated gross traded notional, and 14% of visible notional.
$5208
Puts · 46-90 days · ITM
puts cluster with 41 contracts traded, $4702 estimated gross traded notional, and 12% of visible notional.
$4702
Puts · 91+ days · OTM
puts cluster with 115 contracts traded, $3330 estimated gross traded notional, and 9% of visible notional.
$3330
Puts · 46-90 days · ATM
puts cluster with 53 contracts traded, $3010 estimated gross traded notional, and 8% of visible notional.
$3010
Setup Classification
Opportunity and risk frame
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
Close14.22
1W+2.7%
RS0.1
Fair value-4.2%
Options pressure51
Speculation2
Volatility43
Trend fit52
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 10:36
Bullish
Pressure 100
Move 6.0%
29 Jul 20:58
Bullish
Pressure 86
Move 5.8%
31 Jul 02:51
Bullish
Pressure 76
Move 5.8%
31 Jul 17:06
Bullish
Pressure 78
Move 5.8%
1 Aug 02:35
Bullish
Pressure 51
Move 5.4%
Strike Map
Where activity is clustering
Strike7.00
Calls · V 0 · OI 1
Puts · V 0 · OI 1
Strike8.00
Calls · V 0 · OI 1
Puts · V 0 · OI 0
Strike9.00
Calls · V 0 · OI 1
Puts · V 0 · OI 4
Strike10.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike11.00
Calls · V 0 · OI 0
Puts · V 0 · OI 43
Strike12.00
Calls · V 0 · OI 2
Puts · V 0 · OI 14
Strike13.00
Calls · V 0 · OI 166
Puts · V 18 · OI 772
Strike14.00
Calls · V 0 · OI 708
Puts · V 3 · OI 6330
Term Structure
Expiration activity
Expiry21 Aug 2026
Contracts34
Avg IV0.30
Put-call0.16
Expiry18 Sep 2026
Contracts34
Avg IV0.33
Put-call0.20
Expiry16 Oct 2026
Contracts38
Avg IV0.31
Put-call1.38
Expiry20 Nov 2026
Contracts40
Avg IV0.33
Put-call-
Expiry15 Jan 2027
Contracts40
Avg IV0.32
Put-call0.03
Skew
Call/put IV balance
21 Aug 2026Put IV premium
Call IV0.26
Put IV0.38
Skew0.12
18 Sep 2026Balanced skew
Call IV0.27
Put IV0.31
Skew0.04
16 Oct 2026Put IV premium
Call IV0.25
Put IV0.31
Skew0.06
20 Nov 2026Balanced skew
Call IV0.29
Put IV0.33
Skew0.04
15 Jan 2027Balanced skew
Call IV0.29
Put IV0.33
Skew0.04
Contract Tape
Most active contracts
ContractFLG270115C00017000
SideCall
Expiry15 Jan 2027
Strike17.00
Volume500
OI14860
IV0.29
ContractFLG260821C00015000
SideCall
Expiry21 Aug 2026
Strike15.00
Volume115
OI11012
IV0.26
ContractFLG261016C00015000
SideCall
Expiry16 Oct 2026
Strike15.00
Volume110
OI12984
IV0.28
ContractFLG270319P00010000
SidePut
Expiry19 Mar 2027
Strike10.00
Volume100
OI-
IV0.41
ContractFLG261016P00013000
SidePut
Expiry16 Oct 2026
Strike13.00
Volume62
OI1335
IV0.31
ContractFLG261016P00014000
SidePut
Expiry16 Oct 2026
Strike14.00
Volume50
OI1374
IV0.28
ContractFLG260821C00016000
SideCall
Expiry21 Aug 2026
Strike16.00
Volume45
OI28127
IV0.25
ContractFLG261016P00015000
SidePut
Expiry16 Oct 2026
Strike15.00
Volume40
OI210
IV0.29
Research Graph
Related research and context
Sharemaestro research
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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.