Ticker Options Intelligence

FROG options intelligence

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

Conviction 45 Market data through 31 Jul 2026 Checked 1 Aug 2026 08:11 · complete available chain

Put-side pressure

Bearish pressure

FROG currently carries bearish options pressure with a 45/100 conviction score. The nearest-chain expected move is 17.5%, with volume/open-interest participation at 0.02.

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

Put-side pressure

Expected move 17.5%

Wider near-term move priced

Activity / OI 0.02

Current volume is quieter versus prior open interest

Put-call 3.29

Put-side skew

Trend fit 53

Options are not fully confirming trend

Weekly backdrop -0.5%

RS 26.1

Expected move 17.5%
Put-call volume 3.29
Volume / OI 0.02
Reference IV 0.95
Max pain 80.00
Underlying 80.16
Nearest expiry 21 Aug 2026
Contracts 532

Research Brief

FROG has a bearish chain read with 45/100 evidence alignment.

The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 66.16–94.16; The largest call open-interest concentration is 80.00; the largest put concentration is 75.00. The most active strike by current volume is 77.50.

Priced range66.16–94.16
Call concentration80.00
Put concentration75.00
Max pain reference80.00
What would confirm it
  • Price remains weak while put-side concentration persists.
What would weaken it
  • Price recovers while put pressure fades or reverses toward calls.
  • Options and the weekly trend are not yet giving the same message.
  • 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 66.16 to 94.16. Max pain at 80.00 sits inside that range, 0.2% below spot.

Spot Max pain
66.1680.16 ± 14.0094.16
Confirmation level

A close beyond 94.16 or below 66.16 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 45/100

Evidence alignment, not probability

Pressure is 44/100 toward puts; conviction uses its strength, while the signal label carries its direction.

Directional pressure44 × 42%
+18.4

How strongly activity leans toward calls or puts.

Participation14 × 22%
+3.0

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

Trend agreement53 × 26%
+13.8

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

Volatility96 × 10%
+9.6

The intensity of implied volatility and the priced move.

Reconstructed score44.8Matches stored calculation

Positioning by Strike

Where open interest and current activity concentrate

Full strike map

The largest call open-interest concentration is 80.00; the largest put concentration is 75.00. The most active strike by current volume is 77.50. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.

Put open interestStrikeCall open interest
56
65.00-18.9%
9
167
70.00-12.7%
7
51
72.50-9.6%
6
586
75.00-6.4%
81
555
77.50-3.3%
47
107
80.00-0.2%
8012
45
82.502.9%
421
25
85.006.0%
54
22
87.509.2%
132
64
90.0012.3%
917
173
92.5015.4%
54
35
95.0018.5%
373
24
100.0024.8%
743
0
105.0031.0%
112
0
110.0037.2%
241
0
120.0049.7%
63
0
135.0068.4%
184
Nearest spot strike Max pain strikeBars show relative OI within this expiry

Volatility Curve

Front-loaded volatility

1.27× front/back

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

0.95 21 Aug 21d
0.84 18 Sep 49d
0.79 18 Dec 140d
0.77 15 Jan 168d
0.77 19 Mar 231d
0.75 17 Dec 504d
0.75 21 Jan 539d

Volatility by Strike

Balanced wings

Nearest expiry, within 20% of spot

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

65
68
70
73
75
78
80
83
85
88
90
93
95
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
532 / 532
  • 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

95/100
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 Bearish flow before price confirmation

Put-side pressure is present before a decisive weekly price breakdown.

Why this matters

Earnings/event positioning matters because it connects the options headline to the actual evidence: $338145 of estimated gross traded notional, puts · 8-21 days · otm, and a bearish flow before price confirmation backdrop. Use it as a research priority signal, then validate the chart, liquidity, event calendar, and risk before acting.

Options pressure-44
1W price-0.5%
Call premium34%
Put premium66%
Notional split C 34% / P 66% Estimated gross traded notional uses volume × contract multiplier × midpoint, or last price when no valid midpoint is available.
Freshness 0.02 Volume divided by open interest across the visible chain.
Trend fit 53/100 Agreement between options pressure and Sharemaestro market context.
Event window 6 Aug Matched earnings event is 5 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 · 8-21 days · OTM
Puts · 8-21 days · OTM puts cluster with 489 contracts traded, $221255 estimated gross traded notional, and 65% of visible notional.
$221255
Calls · 8-21 days · ITM calls cluster with 86 contracts traded, $77460 estimated gross traded notional, and 23% of visible notional.
$77460
Calls · 91+ days · ATM calls cluster with 10 contracts traded, $15650 estimated gross traded notional, and 5% of visible notional.
$15650
Calls · 8-21 days · OTM calls cluster with 38 contracts traded, $8805 estimated gross traded notional, and 3% of visible notional.
$8805
Calls · 8-21 days · ATM calls cluster with 9 contracts traded, $6210 estimated gross traded notional, and 2% of visible notional.
$6210

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
Close79.79
1W-0.5%
RS26.1
Fair value+89.7%
Options pressure-44
Speculation14
Volatility96
Trend fit53

Today Versus Normal

Stored-options context

View history
Expected move 17.5% history building
30d avg - · 3/10 sessions -
90d avg - · 3/30 sessions -
180d avg - · 3/60 sessions -
IV 0.95 history building
30d avg - · 3/10 sessions -
90d avg - · 3/30 sessions -
180d avg - · 3/60 sessions -
Put-call 3.29 history building
30d avg - · 3/10 sessions -
90d avg - · 3/30 sessions -
180d avg - · 3/60 sessions -
Volume/OI 0.02 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 10:28 Volatility
Pressure -26
Move 19.5%
30 Jul 10:24 Volatility
Pressure 48
Move 19.3%
31 Jul 10:20 Mixed
Pressure -12
Move 18.7%
1 Aug 07:11 Bearish
Pressure -44
Move 17.5%

Strike Map

Where activity is clustering

Full strike map
Strike42.50
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike45.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike47.50
Calls · V 0 · OI 0
Puts · V 0 · OI 4
Strike50.00
Calls · V 0 · OI 10
Puts · V 0 · OI 21
Strike55.00
Calls · V 0 · OI 0
Puts · V 0 · OI 27
Strike60.00
Calls · V 0 · OI 5
Puts · V 2 · OI 35
Strike65.00
Calls · V 0 · OI 9
Puts · V 0 · OI 56
Strike67.50
Calls · V 0 · OI 0
Puts · V 0 · OI 0

Term Structure

Expiration activity

Volume and IV
Expiry21 Aug 2026
Contracts58
Avg IV0.95
Put-call3.68
Expiry18 Sep 2026
Contracts82
Avg IV0.84
Put-call-
Expiry18 Dec 2026
Contracts80
Avg IV0.79
Put-call-
Expiry15 Jan 2027
Contracts86
Avg IV0.77
Put-call-
Expiry19 Mar 2027
Contracts60
Avg IV0.77
Put-call-

Skew

Call/put IV balance

OTM demand
21 Aug 2026Put IV premium
Call IV0.92
Put IV0.98
Skew0.06
18 Sep 2026Put IV premium
Call IV0.78
Put IV0.84
Skew0.07
18 Dec 2026Put IV premium
Call IV0.74
Put IV0.81
Skew0.08
15 Jan 2027Balanced skew
Call IV0.74
Put IV0.79
Skew0.05
19 Mar 2027Balanced skew
Call IV0.74
Put IV0.79
Skew0.05

Contract Tape

Most active contracts

Full contract tape
ContractFROG260821P00077500
SidePut
Expiry21 Aug 2026
Strike77.50
Volume203
OI555
IV0.93
ContractFROG260821P00070000
SidePut
Expiry21 Aug 2026
Strike70.00
Volume188
OI167
IV0.98
ContractFROG260821P00075000
SidePut
Expiry21 Aug 2026
Strike75.00
Volume95
OI586
IV0.92
ContractFROG260821C00077500
SideCall
Expiry21 Aug 2026
Strike77.50
Volume74
OI47
IV0.97
ContractFROG260821C00105000
SideCall
Expiry21 Aug 2026
Strike105.00
Volume11
OI112
IV1.01
ContractFROG260821C00100000
SideCall
Expiry21 Aug 2026
Strike100.00
Volume10
OI743
IV0.95
ContractFROG261218C00080000
SideCall
Expiry18 Dec 2026
Strike80.00
Volume10
OI78
IV0.79
ContractFROG260821C00072500
SideCall
Expiry21 Aug 2026
Strike72.50
Volume10
OI6
IV1.00