Primary read
Volatility
Volatility expansion watch
Ticker Options Intelligence
PGNY options intelligence
Progyny Inc options pressure, expected move, strike concentration, and Sharemaestro trend context.
Conviction
56
Market data through 29 Jul 2026
Checked 30 Jul 2026 02:06 · complete available chain
Volatility expansion watch
Volatility pressure
PGNY currently carries volatility options pressure with a 56/100 conviction score. The nearest-chain expected move is 14.6%, with volume/open-interest participation at 0.13.
Expected move
14.6%
Wider near-term move priced
Activity / OI
0.13
Current volume is quieter versus prior open interest
Put-call
9.97
Put-side skew
Trend fit
26
Options are not fully confirming trend
Weekly backdrop
-2.3%
RS 24.4
Expected move
14.6%
Put-call volume
9.97
Volume / OI
0.13
Reference IV
0.97
Max pain
25.00
Underlying
31.19
Nearest expiry
21 Aug 2026
Contracts
54
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 are pricing movement more than direction; compare expected move with the stock's actual weekly change.
Earnings/event positioning matters because it connects the options headline to the actual evidence: $131373 of estimated gross traded notional, puts · 91+ days · otm, 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-73
1W price-2.3%
Call premium42%
Put premium58%
Notional split
C 42% / P 58%
Estimated gross traded notional uses volume × contract multiplier × midpoint, or last price when no valid midpoint is available.
Freshness
0.13
Volume divided by open interest across the visible chain.
Trend fit
26/100
Agreement between options pressure and Sharemaestro market context.
Event window
6 Aug
Matched earnings event is 7 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 · OTM
puts cluster with 391 contracts traded, $51537 estimated gross traded notional, and 39% of visible notional.
$51537
Calls · 22-45 days · ITM
calls cluster with 32 contracts traded, $34095 estimated gross traded notional, and 26% of visible notional.
$34095
Puts · 22-45 days · OTM
puts cluster with 484 contracts traded, $23633 estimated gross traded notional, and 18% of visible notional.
$23633
Calls · 91+ days · ITM
calls cluster with 13 contracts traded, $15080 estimated gross traded notional, and 11% of visible notional.
$15080
Calls · 91+ days · OTM
calls cluster with 15 contracts traded, $3602 estimated gross traded notional, and 3% of visible notional.
$3602
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.
Options positioning is not confirming the underlying trend context.
Activity Anomaly
High anomaly
Current options activity is unusually hot versus this ticker's stored history.
Volume rank100th
Volume/OI rank100th
IV rank100th
Market Context
Underlying confirmation
Close31.19
1W-2.3%
RS24.4
Fair value+21.4%
Options pressure-73
Speculation43
Volatility96
Trend fit26
Today Versus Normal
Stored-options context
30d avg 15.0% · 1 read
0th
90d avg 15.0% · 1 read
0th
180d avg 15.0% · 1 read
0th
30d avg 0.78 · 1 read
100th
90d avg 0.78 · 1 read
100th
180d avg 0.78 · 1 read
100th
30d avg 18.08 · 1 read
0th
90d avg 18.08 · 1 read
0th
180d avg 18.08 · 1 read
0th
30d avg 0.07 · 1 read
100th
90d avg 0.07 · 1 read
100th
180d avg 0.07 · 1 read
100th
Pressure Trail
Recent pressure and volatility
29 Jul 11:01
Volatility
Pressure -80
Move 15.0%
30 Jul 01:06
Volatility
Pressure -73
Move 14.6%
Strike Map
Where activity is clustering
Strike5.00
Calls · V 0 · OI 0
Puts · V 1 · OI 79
Strike7.50
Calls · V 1 · OI 2
Puts · V 1 · OI 134
Strike10.00
Calls · V 1 · OI 2
Puts · V 85 · OI 88
Strike12.50
Calls · V 1 · OI 2
Puts · V 50 · OI 64
Strike15.00
Calls · V 1 · OI 11
Puts · V 4 · OI 402
Strike17.50
Calls · V 1 · OI 36
Puts · V 2 · OI 35
Strike20.00
Calls · V 5 · OI 57
Puts · V 252 · OI 32
Strike22.50
Calls · V 20 · OI 27
Puts · V 1 · OI 31
Term Structure
Expiration activity
Expiry21 Aug 2026
Contracts24
Avg IV0.97
Put-call10.10
Expiry18 Sep 2026
Contracts2
Avg IV0.63
Put-call0.08
Expiry20 Nov 2026
Contracts20
Avg IV0.65
Put-call18.05
Expiry19 Feb 2027
Contracts8
Avg IV0.57
Put-call1.71
Skew
Call/put IV balance
21 Aug 2026Balanced skew
Call IV0.76
Put IV0.72
Skew-0.03
18 Sep 2026Put IV premium
Call IV0.55
Put IV0.71
Skew0.16
20 Nov 2026Balanced skew
Call IV0.53
Put IV0.57
Skew0.04
19 Feb 2027Balanced skew
Call IV0.55
Put IV0.51
Skew-0.04
Contract Tape
Most active contracts
ContractPGNY270219C00030000
SideCall
Expiry19 Feb 2027
Strike30.00
Volume-
OI10
IV0.52
ContractPGNY270219C00025000
SideCall
Expiry19 Feb 2027
Strike25.00
Volume-
OI2
IV0.60
ContractPGNY261120P00045000
SidePut
Expiry20 Nov 2026
Strike45.00
Volume-
OI1
IV0.71
ContractPGNY261120C00012500
SideCall
Expiry20 Nov 2026
Strike12.50
Volume-
OI1
IV0.83
ContractPGNY261120C00045000
SideCall
Expiry20 Nov 2026
Strike45.00
Volume-
OI1
IV0.63
ContractPGNY270219P00025000
SidePut
Expiry19 Feb 2027
Strike25.00
Volume-
OI1
IV0.51
ContractPGNY261120P00010000
SidePut
Expiry20 Nov 2026
Strike10.00
Volume-
OI1
IV1.51
ContractPGNY261120P00035000
SidePut
Expiry20 Nov 2026
Strike35.00
Volume-
OI1
IV0.66
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.