Ticker Options Intelligence

ZGN options intelligence

Ermenegildo Zegna NV options pressure, expected move, strike concentration, and Sharemaestro trend context.

Conviction 46 Market data through 29 Jul 2026 Checked 30 Jul 2026 02:12 · complete available chain

Call-side pressure

Bullish pressure

ZGN currently carries bullish options pressure with a 46/100 conviction score. The nearest-chain expected move is 6.1%, with volume/open-interest participation at 0.04.

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

Call-side pressure

Expected move 6.1%

Wider near-term move priced

Activity / OI 0.04

Current volume is quieter versus prior open interest

Put-call 0.10

Call-side skew

Trend fit 11

Options are not fully confirming trend

Weekly backdrop +3.0%

RS 22.7

Expected move 6.1%
Put-call volume 0.10
Volume / OI 0.04
Reference IV 0.24
Max pain 12.50
Underlying 14.32
Nearest expiry 21 Aug 2026
Contracts 78

Options Intent Radar

Multi-expiry position-maintenance candidate

50/100
Primary intent Multi-expiry position-maintenance candidate

Activity is spread across expirations with heavier open interest than current volume, which can be consistent with position maintenance.

Flow vs price divergence Bullish flow confirms price

Options pressure and weekly price action are pointing in the same constructive direction.

Why this matters

Multi-expiry position-maintenance candidate matters because it connects the options headline to the actual evidence: $2093 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+90
1W price+3.0%
Call premium99%
Put premium1%
Notional split C 99% / P 1% Estimated gross traded notional uses volume × contract multiplier × midpoint, or last price when no valid midpoint is available.
Freshness 0.04 Volume divided by open interest across the visible chain.
Trend fit 11/100 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.
Conviction clusters Calls · 91+ days · OTM
Calls · 91+ days · OTM calls cluster with 10 contracts traded, $2075 estimated gross traded notional, and 99% of visible notional.
$2075
Puts · 46-90 days · OTM puts cluster with 1 contracts traded, $18 estimated gross traded notional, and 1% of visible notional.
$18

Setup Classification

Opportunity and risk frame

Context, not advice
Warning Event-risk setup

Expected move or upcoming earnings makes the setup more event-sensitive.

Negative Options disagreement

Options positioning is not confirming the underlying trend context.

Warning Bullish pressure over fair value

Call pressure is building while the stock sits above Sharemaestro fair value.

Activity Anomaly

Above normal

67

Activity is running above the recent historical baseline.

Volume rank100th
Volume/OI rank100th
IV rank0th

Market Context

Underlying confirmation

Sharemaestro weekly
Close14.32
1W+3.0%
RS22.7
Fair value+35.7%
Options pressure90
Speculation5
Volatility41
Trend fit11

Today Versus Normal

Stored-options context

View history
Expected move 6.1% muted
30d avg 10.6% · 1 read 0th
90d avg 10.6% · 1 read 0th
180d avg 10.6% · 1 read 0th
IV 0.24 muted
30d avg 0.42 · 1 read 0th
90d avg 0.42 · 1 read 0th
180d avg 0.42 · 1 read 0th
Put-call 0.10 normal building
30d avg - · 0 reads -
90d avg - · 0 reads -
180d avg - · 0 reads -
Volume/OI 0.04 elevated
30d avg 0.00 · 1 read 100th
90d avg 0.00 · 1 read 100th
180d avg 0.00 · 1 read 100th

Pressure Trail

Recent pressure and volatility

Open trail
29 Jul 10:44 Mixed
Pressure 8
Move 10.6%
30 Jul 01:12 Bullish
Pressure 90
Move 6.1%

Strike Map

Where activity is clustering

Full strike map
Strike2.50
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike5.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike7.50
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike10.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike12.50
Calls · V 0 · OI 0
Puts · V 0 · OI 3
Strike15.00
Calls · V 0 · OI 5
Puts · V 0 · OI 0
Strike17.50
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike20.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0

Term Structure

Expiration activity

Volume and IV
Expiry21 Aug 2026
Contracts20
Avg IV0.24
Put-call-
Expiry18 Sep 2026
Contracts20
Avg IV0.24
Put-call-
Expiry16 Oct 2026
Contracts18
Avg IV0.28
Put-call-
Expiry15 Jan 2027
Contracts20
Avg IV0.35
Put-call-

Skew

Call/put IV balance

OTM demand
21 Aug 2026Put IV premium
Call IV0.01
Put IV0.36
Skew0.34
18 Sep 2026Balanced skew
Call IV0.20
Put IV0.24
Skew0.04
16 Oct 2026Balanced skew
Call IV0.16
Put IV0.20
Skew0.04
15 Jan 2027Balanced skew
Call IV0.10
Put IV0.14
Skew0.04

Contract Tape

Most active contracts

Full contract tape
ContractZGN270115C00015000
SideCall
Expiry15 Jan 2027
Strike15.00
Volume10
OI60
IV0.49
ContractZGN260918P00002500
SidePut
Expiry18 Sep 2026
Strike2.50
Volume1
OI2
IV1.96
ContractZGN261016C00012500
SideCall
Expiry16 Oct 2026
Strike12.50
Volume-
OI50
IV0.52
ContractZGN270115C00017500
SideCall
Expiry15 Jan 2027
Strike17.50
Volume-
OI49
IV0.10
ContractZGN270115P00012500
SidePut
Expiry15 Jan 2027
Strike12.50
Volume-
OI46
IV0.14
ContractZGN261016C00015000
SideCall
Expiry16 Oct 2026
Strike15.00
Volume-
OI12
IV0.42
ContractZGN261016P00002500
SidePut
Expiry16 Oct 2026
Strike2.50
Volume-
OI9
IV1.58
ContractZGN260821C00015000
SideCall
Expiry21 Aug 2026
Strike15.00
Volume-
OI5
IV0.01