Ticker Options Intelligence

SPH options intelligence

Suburban Propane Partners LP options pressure, expected move, strike concentration, and Sharemaestro trend context.

Conviction 46 Market data through 29 Jul 2026 Checked 30 Jul 2026 02:49 · complete available chain

Call-side pressure

Bullish pressure

SPH currently carries bullish options pressure with a 46/100 conviction score. The nearest-chain expected move is 7.9%, with volume/open-interest participation at 0.00.

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

Call-side pressure

Expected move 7.9%

Wider near-term move priced

Activity / OI 0.00

Current volume is quieter versus prior open interest

Put-call 0.07

Call-side skew

Trend fit 0

Options are not fully confirming trend

Weekly backdrop +2.4%

RS -7.3

Expected move 7.9%
Put-call volume 0.07
Volume / OI 0.00
Reference IV 0.43
Max pain 17.50
Underlying 18.56
Nearest expiry 21 Aug 2026
Contracts 88

Options Intent Radar

Earnings/event positioning

74/100
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 Bullish flow confirms price

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

Why this matters

Earnings/event positioning matters because it connects the options headline to the actual evidence: $7895 of estimated gross traded notional, calls · 46-90 days · itm, 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+92
1W price+2.4%
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 0.00 Volume divided by open interest across the visible chain.
Trend fit 0/100 Agreement between options pressure and Sharemaestro market context.
Event window 6 Aug Matched earnings event is 7 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 Calls · 46-90 days · ITM
Calls · 46-90 days · ITM calls cluster with 3 contracts traded, $4770 estimated gross traded notional, and 60% of visible notional.
$4770
Calls · 91+ days · ITM calls cluster with 1 contracts traded, $1585 estimated gross traded notional, and 20% of visible notional.
$1585
Calls · 22-45 days · ITM calls cluster with 1 contracts traded, $1350 estimated gross traded notional, and 17% of visible notional.
$1350
Puts · 91+ days · OTM puts cluster with 1 contracts traded, $90 estimated gross traded notional, and 1% of visible notional.
$90
Calls · 46-90 days · OTM calls cluster with 2 contracts traded, $60 estimated gross traded notional, and 1% of visible notional.
$60

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.

Negative Options disagreement

Options positioning is not confirming the underlying trend context.

Activity Anomaly

High anomaly

100

Current options activity is unusually hot versus this ticker's stored history.

Volume rank100th
Volume/OI rank100th
IV rank100th

Market Context

Underlying confirmation

Sharemaestro weekly
Close18.56
1W+2.4%
RS-7.3
Fair value+8.6%
Options pressure93
Speculation4
Volatility62
Trend fit0

Today Versus Normal

Stored-options context

View history
Expected move 7.9% muted
30d avg 8.2% · 1 read 0th
90d avg 8.2% · 1 read 0th
180d avg 8.2% · 1 read 0th
IV 0.43 elevated
30d avg 0.36 · 1 read 100th
90d avg 0.36 · 1 read 100th
180d avg 0.36 · 1 read 100th
Put-call 0.07 muted
30d avg 0.10 · 1 read 0th
90d avg 0.10 · 1 read 0th
180d avg 0.10 · 1 read 0th
Volume/OI 0.00 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 11:09 Bullish
Pressure 87
Move 8.2%
30 Jul 01:49 Bullish
Pressure 93
Move 7.9%

Strike Map

Where activity is clustering

Full strike map
Strike5.00
Calls · V 1 · OI 3
Puts · V 0 · OI 0
Strike7.50
Calls · V 0 · OI 0
Puts · V 0 · OI 2
Strike10.00
Calls · V 0 · OI 1
Puts · V 0 · OI 3
Strike12.50
Calls · V 0 · OI 1
Puts · V 0 · OI 173
Strike15.00
Calls · V 0 · OI 3
Puts · V 0 · OI 218
Strike17.50
Calls · V 0 · OI 114
Puts · V 0 · OI 153
Strike20.00
Calls · V 0 · OI 331
Puts · V 0 · OI 4
Strike22.50
Calls · V 8 · OI 501
Puts · V 0 · OI 25

Term Structure

Expiration activity

Volume and IV
Expiry21 Aug 2026
Contracts22
Avg IV0.43
Put-call-
Expiry18 Sep 2026
Contracts24
Avg IV0.27
Put-call-
Expiry20 Nov 2026
Contracts18
Avg IV0.27
Put-call-
Expiry19 Feb 2027
Contracts24
Avg IV0.23
Put-call-

Skew

Call/put IV balance

OTM demand
21 Aug 2026Put IV premium
Call IV0.19
Put IV0.33
Skew0.14
18 Sep 2026Balanced skew
Call IV0.12
Put IV0.07
Skew-0.05
20 Nov 2026Put IV premium
Call IV0.23
Put IV0.33
Skew0.10
19 Feb 2027Put IV premium
Call IV0.05
Put IV0.36
Skew0.30

Contract Tape

Most active contracts

Full contract tape
ContractSPH260821C00022500
SideCall
Expiry21 Aug 2026
Strike22.50
Volume8
OI501
IV0.39
ContractSPH260918C00002500
SideCall
Expiry18 Sep 2026
Strike2.50
Volume3
OI-
IV3.32
ContractSPH260918C00020000
SideCall
Expiry18 Sep 2026
Strike20.00
Volume2
OI31
IV0.12
ContractSPH261120P00017500
SidePut
Expiry20 Nov 2026
Strike17.50
Volume1
OI228
IV0.33
ContractSPH260821C00005000
SideCall
Expiry21 Aug 2026
Strike5.00
Volume1
OI3
IV3.59
ContractSPH270219C00002500
SideCall
Expiry19 Feb 2027
Strike2.50
Volume1
OI2
IV1.44
ContractSPH261120C00020000
SideCall
Expiry20 Nov 2026
Strike20.00
Volume-
OI695
IV0.23
ContractSPH261120P00015000
SidePut
Expiry20 Nov 2026
Strike15.00
Volume-
OI401
IV0.17