Primary read
Volatility
Volatility expansion watch
Ticker Options Intelligence
PINS options intelligence
Pinterest Inc options pressure, expected move, strike concentration, and Sharemaestro trend context.
Conviction
47
Market data through 31 Jul 2026
Checked 1 Aug 2026 17:07 · complete available chain
Volatility expansion watch
Volatility pressure
PINS currently carries volatility options pressure with a 47/100 conviction score. The nearest-chain expected move is 12.7%, with volume/open-interest participation at 0.03.
Expected move
12.7%
Wider near-term move priced
Activity / OI
0.03
Current volume is quieter versus prior open interest
Put-call
0.74
Call-side skew
Trend fit
82
Options agree with trend context
Weekly backdrop
+8.5%
RS -12.6
Expected move
12.7%
Put-call volume
0.74
Volume / OI
0.03
Reference IV
1.14
Max pain
23.00
Underlying
24.01
Nearest expiry
7 Aug 2026
Contracts
836
Research Brief
PINS has a volatility chain read with 47/100 evidence alignment.
The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 20.97–27.05; The largest call open-interest concentration is 24.00; the largest put concentration is 20.00. The most active strike by current volume is 21.00.
Priced range20.97–27.05
Call concentration24.00
Put concentration20.00
Max pain reference23.00
- A clear directional pressure reading develops and price begins to agree.
- The current chain read already agrees with the stored weekly trend context.
- 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
Options imply 20.97 to 27.05. Max pain at 23.00 sits inside that range, 4.2% below spot.
Spot
Max pain
20.9724.01 ± 3.0427.05
Confirmation level
A close beyond 27.05 or below 20.97 at the 7 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 47/100
Pressure is 16/100 toward calls; conviction uses its strength, while the signal label carries its direction.
Directional pressure16 × 42%
+6.7
How strongly activity leans toward calls or puts.
Participation41 × 22%
+8.9
Volume relative to existing open interest and contract-level activity.
Trend agreement82 × 26%
+21.3
How closely the chain read agrees with the underlying trend backdrop.
Volatility96 × 10%
+9.6
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 24.00; the largest put concentration is 20.00. The most active strike by current volume is 21.00. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.
Put open interestStrikeCall open interest
59
19.00-20.9%
532
3290
20.00-16.7%
28
108
21.00-12.5%
39
457
21.50-10.5%
1448
379
22.00-8.4%
92
573
22.50-6.3%
292
1219
23.00-4.2%
806
92
23.50-2.1%
1559
561
24.000.0%
3418
935
24.502.0%
380
10
25.004.1%
861
3
25.506.2%
351
0
26.008.3%
903
4
27.0012.5%
395
0
27.5014.5%
153
2
28.0016.6%
274
0
30.0024.9%
289
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.
1.14
7 Aug
7d
0.89
14 Aug
14d
0.78
21 Aug
21d
0.70
28 Aug
28d
0.68
4 Sep
35d
0.65
11 Sep
42d
0.62
18 Sep
49d
0.62
20 Nov
112d
Volatility by Strike
Upside optionality premium
Out-of-the-money calls carry higher implied volatility than comparable puts, indicating richer upside optionality.
20
20
21
21
22
22
23
23
24
24
25
25
26
26
27
27
28
28
29
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
High
Retained chain100%
Implied volatility100%
Two-sided quotes100%
Open interest100%
- Chain status
- Complete available chain
- Market date
- 31 Jul 2026
- Calculation
- v2.0
- Contracts
- 836 / 836
- 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 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: $1.0M of estimated gross traded notional, calls · 46-90 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+16
1W price+8.5%
Call premium71%
Put premium29%
Notional split
C 71% / P 29%
Estimated gross traded notional uses volume × contract multiplier × midpoint, or last price when no valid midpoint is available.
Freshness
0.03
Volume divided by open interest across the visible chain.
Trend fit
82/100
Agreement between options pressure and Sharemaestro market context.
Event window
4 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.
Calls · 46-90 days · OTM
calls cluster with 1099 contracts traded, $133696 estimated gross traded notional, and 13% of visible notional.
$133696
Calls · 91+ days · OTM
calls cluster with 397 contracts traded, $121754 estimated gross traded notional, and 12% of visible notional.
$121754
Calls · 8-21 days · OTM
calls cluster with 1786 contracts traded, $117861 estimated gross traded notional, and 12% of visible notional.
$117861
Calls · 91+ days · ITM
calls cluster with 92 contracts traded, $86660 estimated gross traded notional, and 9% of visible notional.
$86660
Puts · 0-7 days · OTM
puts cluster with 1936 contracts traded, $79955 estimated gross traded notional, and 8% of visible notional.
$79955
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.
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
Close24.01
1W+8.5%
RS-12.6
Fair value-21.6%
Options pressure16
Speculation41
Volatility96
Trend fit82
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 10:26
Bullish
Pressure 40
Move 10.4%
30 Jul 12:19
Volatility
Pressure 62
Move 10.9%
31 Jul 05:23
Mixed
Pressure 1
Move 11.3%
31 Jul 15:10
Mixed
Pressure 5
Move 8.7%
31 Jul 18:17
Mixed
Pressure 7
Move 9.3%
1 Aug 00:14
Mixed
Pressure 1
Move 15.3%
1 Aug 10:26
Mixed
Pressure 16
Move 15.3%
1 Aug 16:07
Volatility
Pressure 16
Move 12.7%
Strike Map
Where activity is clustering
Strike12.00
Calls · V 1 · OI 0
Puts · V 0 · OI 0
Strike13.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike14.00
Calls · V 0 · OI 13
Puts · V 0 · OI 0
Strike15.00
Calls · V 0 · OI 0
Puts · V 1 · OI 21
Strike15.50
Calls · V 0 · OI 20
Puts · V 1 · OI 6
Strike16.00
Calls · V 0 · OI 1
Puts · V 70 · OI 0
Strike16.50
Calls · V 0 · OI 1
Puts · V 0 · OI 3
Strike17.00
Calls · V 1 · OI 10
Puts · V 0 · OI 7
Term Structure
Expiration activity
Expiry7 Aug 2026
Contracts76
Avg IV1.14
Put-call2.43
Expiry14 Aug 2026
Contracts74
Avg IV0.89
Put-call0.12
Expiry21 Aug 2026
Contracts88
Avg IV0.78
Put-call0.56
Expiry28 Aug 2026
Contracts56
Avg IV0.70
Put-call0.39
Expiry4 Sep 2026
Contracts58
Avg IV0.68
Put-call3.00
Skew
Call/put IV balance
7 Aug 2026Balanced skew
Call IV1.18
Put IV1.13
Skew-0.05
14 Aug 2026Balanced skew
Call IV0.88
Put IV0.88
Skew-
21 Aug 2026Balanced skew
Call IV0.80
Put IV0.79
Skew-0.01
28 Aug 2026Balanced skew
Call IV0.71
Put IV0.67
Skew-0.04
4 Sep 2026Balanced skew
Call IV0.67
Put IV0.71
Skew0.04
Contract Tape
Most active contracts
ContractPINS260814C00027000
SideCall
Expiry14 Aug 2026
Strike27.00
Volume1280
OI105
IV0.87
ContractPINS260807P00021000
SidePut
Expiry7 Aug 2026
Strike21.00
Volume1236
OI108
IV1.21
ContractPINS260918C00027000
SideCall
Expiry18 Sep 2026
Strike27.00
Volume697
OI409
IV0.62
ContractPINS260807P00020000
SidePut
Expiry7 Aug 2026
Strike20.00
Volume402
OI3290
IV1.16
ContractPINS270115P00010000
SidePut
Expiry15 Jan 2027
Strike10.00
Volume336
OI1109
IV0.82
ContractPINS260918C00025000
SideCall
Expiry18 Sep 2026
Strike25.00
Volume205
OI2589
IV0.63
ContractPINS260807C00030000
SideCall
Expiry7 Aug 2026
Strike30.00
Volume205
OI289
IV1.16
ContractPINS260807C00027000
SideCall
Expiry7 Aug 2026
Strike27.00
Volume169
OI395
IV1.18
Research Graph
Related research and context
Sharemaestro research
Related News
No recent ticker-specific news yet.
Market Watch
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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.