Ticker Options Intelligence

NICE options intelligence

Nice Ltd ADR options pressure, expected move, strike concentration, and Sharemaestro trend context.

Conviction 59 Market data through 31 Jul 2026 Checked 2 Aug 2026 06:38 · complete available chain

Volatility expansion watch

Volatility pressure

NICE currently carries volatility options pressure with a 59/100 conviction score. The nearest-chain expected move is 12.6%, with volume/open-interest participation at 0.01.

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

Volatility expansion watch

Expected move 12.6%

Wider near-term move priced

Activity / OI 0.01

Current volume is quieter versus prior open interest

Put-call 7.73

Put-side skew

Trend fit 60

Options agree with trend context

Weekly backdrop +9.5%

RS -21.9

Expected move 12.6%
Put-call volume 7.73
Volume / OI 0.01
Reference IV 0.66
Max pain 100.00
Underlying 98.79
Nearest expiry 21 Aug 2026
Contracts 396

Research Brief

NICE has a volatility chain read with 59/100 evidence alignment.

The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 86.34–111.24; The largest call open-interest concentration is 110.00; the largest put concentration is 95.00. The most active strike by current volume is 90.00.

Priced range86.34–111.24
Call concentration110.00
Put concentration95.00
Max pain reference100.00
What would confirm it
  • A clear directional pressure reading develops and price begins to agree.
  • The current chain read already agrees with the stored weekly trend context.
What would weaken it
  • Volatility falls and the chain remains directionally mixed.
  • 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 86.34 to 111.24. Max pain at 100.00 sits inside that range, 1.2% above spot.

Spot Max pain
86.3498.79 ± 12.45111.24
Confirmation level

A close beyond 111.24 or below 86.34 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 59/100

Evidence alignment, not probability

Pressure is 72/100 toward puts; conviction uses its strength, while the signal label carries its direction.

Directional pressure72 × 42%
+30.3

How strongly activity leans toward calls or puts.

Participation18 × 22%
+4.0

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

Trend agreement60 × 26%
+15.6

How closely the chain read agrees with the underlying trend backdrop.

Volatility86 × 10%
+8.6

The intensity of implied volatility and the priced move.

Reconstructed score58.5Matches stored calculation

Positioning by Strike

Where open interest and current activity concentrate

Full strike map

The largest call open-interest concentration is 110.00; the largest put concentration is 95.00. The most active strike by current volume is 90.00. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.

Put open interestStrikeCall open interest
84
65.00-34.2%
0
465
70.00-29.1%
2
454
75.00-24.1%
0
1211
80.00-19.0%
6
734
85.00-14.0%
113
282
90.00-8.9%
52
2054
95.00-3.8%
223
220
100.001.2%
448
78
105.006.3%
495
43
110.0011.3%
685
35
115.0016.4%
247
41
120.0021.5%
185
12
125.0026.5%
270
1
130.0031.6%
231
0
135.0036.7%
216
0
140.0041.7%
141
0
170.0072.1%
110
Nearest spot strike Max pain strikeBars show relative OI within this expiry

Volatility Curve

Front-loaded volatility

1.31× front/back

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

0.66 21 Aug 21d
0.55 18 Sep 49d
0.55 20 Nov 112d
0.52 15 Jan 168d
0.52 19 Feb 203d
0.51 21 Jan 539d
0.50 15 Dec 868d

Volatility by Strike

Balanced wings

Nearest expiry, within 20% of spot

Comparable upside calls and downside puts carry broadly similar implied volatility.

80
85
90
95
100
105
110
115
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

A100/100
Retained chain100%
Implied volatility100%
Two-sided quotes100%
Open interest100%
Chain status
Complete available chain
Market date
31 Jul 2026
Calculation
v2.0
Contracts
396 / 396
  • 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

88/100
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: $166308 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-72
1W price+9.5%
Call premium15%
Put premium85%
Notional split C 15% / P 85% Estimated gross traded notional uses volume × contract multiplier × midpoint, or last price when no valid midpoint is available.
Freshness 0.01 Volume divided by open interest across the visible chain.
Trend fit 60/100 Agreement between options pressure and Sharemaestro market context.
Event window 5 Aug Matched earnings event is 3 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 Puts · 91+ days · OTM
Puts · 91+ days · OTM puts cluster with 169 contracts traded, $54762 estimated gross traded notional, and 33% of visible notional.
$54762
Puts · 91+ days · ITM puts cluster with 23 contracts traded, $41185 estimated gross traded notional, and 25% of visible notional.
$41185
Puts · 8-21 days · OTM puts cluster with 146 contracts traded, $34010 estimated gross traded notional, and 20% of visible notional.
$34010
Calls · 46-90 days · ATM calls cluster with 19 contracts traded, $13870 estimated gross traded notional, and 8% of visible notional.
$13870
Puts · 8-21 days · ITM puts cluster with 5 contracts traded, $8750 estimated gross traded notional, and 5% of visible notional.
$8750

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.

Warning Crowded strike risk

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

Sharemaestro weekly
Close98.79
1W+9.5%
RS-21.9
Fair value-38.1%
Options pressure-72
Speculation18
Volatility86
Trend fit60

Today Versus Normal

Stored-options context

View history
Expected move 12.6% history building
30d avg - · 3/10 sessions -
90d avg - · 3/30 sessions -
180d avg - · 3/60 sessions -
IV 0.66 history building
30d avg - · 3/10 sessions -
90d avg - · 3/30 sessions -
180d avg - · 3/60 sessions -
Put-call 7.73 history building
30d avg - · 3/10 sessions -
90d avg - · 3/30 sessions -
180d avg - · 3/60 sessions -
Volume/OI 0.01 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 10:38 Mixed
Pressure 7
Move 18.0%
30 Jul 10:35 Bullish
Pressure 26
Move 19.9%
31 Jul 10:23 Volatility
Pressure -36
Move 16.7%
2 Aug 05:38 Volatility
Pressure -72
Move 12.6%

Strike Map

Where activity is clustering

Full strike map
Strike50.00
Calls · V 0 · OI 0
Puts · V 0 · OI 3
Strike55.00
Calls · V 0 · OI 0
Puts · V 0 · OI 16
Strike60.00
Calls · V 0 · OI 0
Puts · V 0 · OI 30
Strike65.00
Calls · V 0 · OI 0
Puts · V 0 · OI 84
Strike70.00
Calls · V 0 · OI 2
Puts · V 0 · OI 465
Strike75.00
Calls · V 0 · OI 0
Puts · V 0 · OI 454
Strike80.00
Calls · V 0 · OI 6
Puts · V 11 · OI 1211
Strike85.00
Calls · V 0 · OI 113
Puts · V 30 · OI 734

Term Structure

Expiration activity

Volume and IV
Expiry21 Aug 2026
Contracts56
Avg IV0.66
Put-call6.29
Expiry18 Sep 2026
Contracts42
Avg IV0.55
Put-call0.25
Expiry20 Nov 2026
Contracts58
Avg IV0.55
Put-call-
Expiry15 Jan 2027
Contracts80
Avg IV0.52
Put-call-
Expiry19 Feb 2027
Contracts46
Avg IV0.52
Put-call-

Skew

Call/put IV balance

OTM demand
21 Aug 2026Balanced skew
Call IV0.65
Put IV0.68
Skew0.03
18 Sep 2026Balanced skew
Call IV0.54
Put IV0.56
Skew0.02
20 Nov 2026Balanced skew
Call IV0.53
Put IV0.56
Skew0.03
15 Jan 2027Balanced skew
Call IV0.49
Put IV0.52
Skew0.03
19 Feb 2027Balanced skew
Call IV0.50
Put IV0.53
Skew0.03

Contract Tape

Most active contracts

Full contract tape
ContractNICE260821P00090000
SidePut
Expiry21 Aug 2026
Strike90.00
Volume94
OI282
IV0.68
ContractNICE270115P00080000
SidePut
Expiry15 Jan 2027
Strike80.00
Volume82
OI240
IV0.52
ContractNICE270115P00060000
SidePut
Expiry15 Jan 2027
Strike60.00
Volume80
OI86
IV0.62
ContractNICE260821P00085000
SidePut
Expiry21 Aug 2026
Strike85.00
Volume30
OI734
IV0.68
ContractNICE261120P00110000
SidePut
Expiry20 Nov 2026
Strike110.00
Volume20
OI9
IV0.51
ContractNICE260918C00100000
SideCall
Expiry18 Sep 2026
Strike100.00
Volume19
OI27
IV0.53
ContractNICE260821C00100000
SideCall
Expiry21 Aug 2026
Strike100.00
Volume14
OI448
IV0.65
ContractNICE260821P00095000
SidePut
Expiry21 Aug 2026
Strike95.00
Volume11
OI2054
IV0.64