Primary read
Bullish
Call-side pressure
Ticker Options Intelligence
SYY options intelligence
Sysco Corporation options pressure, expected move, strike concentration, and Sharemaestro trend context.
Conviction
43
Market data through 31 Jul 2026
Checked 1 Aug 2026 13:35 · complete available chain
Call-side pressure
Bullish pressure
SYY currently carries bullish options pressure with a 43/100 conviction score. The nearest-chain expected move is 6.3%, with volume/open-interest participation at 0.02.
Expected move
6.3%
Wider near-term move priced
Activity / OI
0.02
Current volume is quieter versus prior open interest
Put-call
0.23
Call-side skew
Trend fit
0
Options are not fully confirming trend
Weekly backdrop
+2.6%
RS -0.3
Expected move
6.3%
Put-call volume
0.23
Volume / OI
0.02
Reference IV
0.28
Max pain
77.50
Underlying
83.11
Nearest expiry
21 Aug 2026
Contracts
486
Research Brief
SYY has a bullish chain read with 43/100 evidence alignment.
The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 77.83–88.39; The largest call open-interest concentration is 80.00; the largest put concentration is 75.00. The most active strike by current volume is 85.00.
Priced range77.83–88.39
Call concentration80.00
Put concentration75.00
Max pain reference77.50
- Price holds or improves while call-side concentration remains elevated.
- Price weakens while call pressure fades or reverses toward puts.
- 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
Options imply 77.83 to 88.39. Max pain at 77.50 lies outside the priced range, so it is a weak near-term anchor.
Spot
Max pain
77.8383.11 ± 5.2888.39
Confirmation level
A close beyond 88.39 or below 77.83 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 43/100
Pressure is 70/100 toward calls; conviction uses its strength, while the signal label carries its direction.
Directional pressure70 × 42%
+29.3
How strongly activity leans toward calls or puts.
Participation41 × 22%
+8.9
Volume relative to existing open interest and contract-level activity.
Trend agreement0 × 26%
+0.0
How closely the chain read agrees with the underlying trend backdrop.
Volatility45 × 10%
+4.5
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 80.00; the largest put concentration is 75.00. The most active strike by current volume is 85.00. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.
Put open interestStrikeCall open interest
117
60.00-27.8%
5
148
65.00-21.8%
2
138
67.50-18.8%
70
525
70.00-15.8%
95
442
72.50-12.8%
92
1244
75.00-9.8%
243
303
77.50-6.8%
604
726
80.00-3.7%
2194
183
82.50-0.7%
1858
49
85.002.3%
1804
6
87.505.3%
1317
15
90.008.3%
676
0
92.5011.3%
183
0
95.0014.3%
876
0
97.5017.3%
65
0
100.0020.3%
188
0
105.0026.3%
67
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.
0.28
21 Aug
21d
0.25
18 Sep
49d
0.25
20 Nov
112d
0.25
18 Dec
140d
0.26
15 Jan
168d
0.25
19 Feb
203d
0.25
19 Mar
231d
0.25
17 Jun
321d
Volatility by Strike
Downside protection premium
Out-of-the-money puts carry higher implied volatility than comparable calls, indicating richer downside protection.
68
70
73
75
78
80
83
85
88
90
93
95
98
Put IV Call IV
Historical Replay
How matured reads behaved through expiry
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
Retained chain100%
Implied volatility100%
Two-sided quotes100%
Open interest100%
- Chain status
- Complete available chain
- Market date
- 31 Jul 2026
- Calculation
- v2.0
- Contracts
- 486 / 486
- 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 pressure and weekly price action are pointing in the same constructive direction.
Earnings/event positioning matters because it connects the options headline to the actual evidence: $211628 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+70
1W price+2.6%
Call premium84%
Put premium16%
Notional split
C 84% / P 16%
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
0/100
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 · 91+ days · OTM
calls cluster with 336 contracts traded, $64620 estimated gross traded notional, and 31% of visible notional.
$64620
Calls · 46-90 days · OTM
calls cluster with 333 contracts traded, $46805 estimated gross traded notional, and 22% of visible notional.
$46805
Calls · 46-90 days · ATM
calls cluster with 110 contracts traded, $31945 estimated gross traded notional, and 15% of visible notional.
$31945
Calls · 8-21 days · ATM
calls cluster with 81 contracts traded, $18022 estimated gross traded notional, and 9% of visible notional.
$18022
Puts · 8-21 days · ATM
puts cluster with 78 contracts traded, $14280 estimated gross traded notional, and 7% of visible notional.
$14280
Setup Classification
Opportunity and risk frame
Expected move or upcoming earnings makes the setup more event-sensitive.
Options positioning is not confirming the underlying trend context.
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
Close85.24
1W+2.6%
RS-0.3
Fair value+16.4%
Options pressure70
Speculation41
Volatility45
Trend fit0
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 10:12
Bullish
Pressure 61
Move 5.8%
30 Jul 10:09
Bullish
Pressure 57
Move 6.6%
30 Jul 17:07
Bullish
Pressure 27
Move 6.0%
31 Jul 10:54
Bullish
Pressure 24
Move 7.2%
31 Jul 13:08
Bullish
Pressure 84
Move 6.1%
31 Jul 20:25
Bullish
Pressure 41
Move 6.3%
1 Aug 12:35
Bullish
Pressure 70
Move 6.3%
Strike Map
Where activity is clustering
Strike45.00
Calls · V 0 · OI 0
Puts · V 0 · OI 2
Strike47.50
Calls · V 0 · OI 0
Puts · V 0 · OI 6
Strike50.00
Calls · V 0 · OI 3
Puts · V 0 · OI 20
Strike55.00
Calls · V 0 · OI 0
Puts · V 0 · OI 35
Strike60.00
Calls · V 0 · OI 5
Puts · V 0 · OI 117
Strike65.00
Calls · V 0 · OI 2
Puts · V 0 · OI 148
Strike67.50
Calls · V 0 · OI 70
Puts · V 0 · OI 138
Strike70.00
Calls · V 1 · OI 95
Puts · V 0 · OI 525
Term Structure
Expiration activity
Expiry21 Aug 2026
Contracts44
Avg IV0.28
Put-call0.73
Expiry18 Sep 2026
Contracts58
Avg IV0.25
Put-call0.24
Expiry20 Nov 2026
Contracts52
Avg IV0.25
Put-call0.02
Expiry18 Dec 2026
Contracts56
Avg IV0.25
Put-call-
Expiry15 Jan 2027
Contracts60
Avg IV0.26
Put-call-
Skew
Call/put IV balance
21 Aug 2026Balanced skew
Call IV0.27
Put IV0.30
Skew0.03
18 Sep 2026Balanced skew
Call IV0.23
Put IV0.27
Skew0.04
20 Nov 2026Balanced skew
Call IV0.24
Put IV0.29
Skew0.05
18 Dec 2026Balanced skew
Call IV0.24
Put IV0.29
Skew0.05
15 Jan 2027Balanced skew
Call IV0.23
Put IV0.28
Skew0.05
Contract Tape
Most active contracts
ContractSYY260918C00092500
SideCall
Expiry18 Sep 2026
Strike92.50
Volume166
OI93
IV0.23
ContractSYY260918C00087500
SideCall
Expiry18 Sep 2026
Strike87.50
Volume164
OI1424
IV0.23
ContractSYY270115C00100000
SideCall
Expiry15 Jan 2027
Strike100.00
Volume144
OI373
IV0.24
ContractSYY260918C00085000
SideCall
Expiry18 Sep 2026
Strike85.00
Volume106
OI2264
IV0.20
ContractSYY260821C00085000
SideCall
Expiry21 Aug 2026
Strike85.00
Volume73
OI1804
IV0.22
ContractSYY261120C00100000
SideCall
Expiry20 Nov 2026
Strike100.00
Volume62
OI11
IV0.24
ContractSYY260821P00085000
SidePut
Expiry21 Aug 2026
Strike85.00
Volume54
OI49
IV0.28
ContractSYY260821C00087500
SideCall
Expiry21 Aug 2026
Strike87.50
Volume51
OI1317
IV0.28
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.