Primary read
Bullish
Call-side pressure
Ticker Options Intelligence
KPDD options intelligence
KRANESHARES 2X LONG PDD DAILY ETF options pressure, expected move, strike concentration, and Sharemaestro trend context.
Conviction
45
Market data through 4 Aug 2026
Checked 5 Aug 2026 13:34 · complete available chain
Call-side pressure
Bullish pressure
KPDD currently carries bullish options pressure with a 45/100 conviction score. The nearest-chain expected move is 11.8%, with volume/open-interest participation at 0.00.
Expected move
11.8%
Wider near-term move priced
Activity / OI
0.00
Current volume is quieter versus prior open interest
Put-call
0.00
Call-side skew
Trend fit
0
Options are not fully confirming trend
Weekly backdrop
+14.3%
RS -48.7
Expected move
11.8%
Put-call volume
-
Volume / OI
0.00
Reference IV
0.55
Max pain
5.00
Underlying
6.06
Nearest expiry
21 Aug 2026
Contracts
114
Research Brief
KPDD has a bullish 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 5.35–6.77; The largest call open-interest concentration is 7.00; the largest put concentration is 7.00. The most active strike by current volume is 1.00.
Priced range5.35–6.77
Call concentration7.00
Put concentration7.00
Max pain reference5.00
- 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.
Priced Move
Where the chain says movement becomes exceptional
Options imply 5.35 to 6.77. Max pain at 5.00 lies outside the priced range, so it is a weak near-term anchor.
Spot
Max pain
5.356.06 ± 0.716.77
Confirmation level
A close beyond 6.77 or below 5.35 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
Pressure is 88/100 toward calls; conviction uses its strength, while the signal label carries its direction.
Directional pressure88 × 42%
+37.0
How strongly activity leans toward calls or puts.
Participation0 × 22%
+0.1
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.
Volatility78 × 10%
+7.8
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 7.00; the largest put concentration is 7.00. The most active strike by current volume is 1.00. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.
Put open interestStrikeCall open interest
0
1.00-83.5%
0
0
2.00-67.0%
0
0
3.00-50.5%
0
0
4.00-34.0%
0
0
5.00-17.5%
2
0
6.00-1.0%
0
1
7.0015.5%
502
0
8.0032.0%
0
0
9.0048.5%
0
0
10.0065.0%
0
Nearest spot strike Max pain strikeBars show relative OI within this expiry
Gamma Profile by Strike
Negative gamma proxy
Put-side gamma sensitivity outweighs the call-side proxy across the retained chain. The largest bars mark levels where delta-hedging sensitivity may be most concentrated.
Net profile-$4,126Delta change / 1% move
Positive peak7.00+$5,478
Negative peak8.00-$5,868
Nearest balance6.15Interpolated sign change
StrikeNegativePositiveNet / 1% move
3.00-50.5%
+$5
4.00-34.0%
+$14
5.00-17.5%
-$2,239
6.00-1.0%
-$1,005
7.0015.5%
+$5,478
8.0032.0%
-$5,868
9.0048.5%
-$710
10.0065.0%
+$153
12.0098.0%
+$13
14.00131.0%
+$7
15.00147.5%
+$11
16.00164.0%
+$6
17.00180.5%
+$5
18.00197.0%
+$4
Positive call-side proxy Negative put-side proxyHighlighted row is nearest spot strike
Scenario proxy = gamma × open interest × 100 shares × spot² × 1%. Calls are positive and puts negative by convention. Missing Greeks use a Black-Scholes estimate from stored IV with zero rate and dividend assumptions. Open interest does not reveal who is long or short, so this is not observed dealer positioning or a forecast.
Volatility Curve
Back-loaded volatility
Longer-dated options carry more implied volatility than the front expiry, so risk is priced farther out.
0.55
21 Aug
17d
0.63
18 Sep
45d
0.67
16 Oct
73d
0.72
15 Jan
164d
Volatility by Strike
Downside protection premium
Out-of-the-money puts carry higher implied volatility than comparable calls, indicating richer downside protection.
5
6
7
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
- Auditable calculationoriginal version retained
- Independent entryone read per market session
- Point-in-time referencerequired at entry
- Matched expiry closereported only after maturity
Eligible snapshots must have a dated market session, stored signal, and point-in-time market reference. Each observation uses one read per market session and the first stored weekly close on or immediately after expiry; its original calculation version is retained. It is an evidence audit, not an executable strategy or evidence of future performance.
Evidence Quality
Usable with limits
Retained chain100%
Implied volatility100%
Two-sided quotes100%
Open interest100%
- Chain status
- Complete available chain
- Market date
- 4 Aug 2026
- Calculation
- v2.0
- Contracts
- 114 / 114
- 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
Call activity against legacy put OI
Call activity is dominant while put open interest remains large but current put volume is not leading.
Options pressure and weekly price action are pointing in the same constructive direction.
Call activity against legacy put OI matters because it connects the options headline to the actual evidence: $655 of estimated gross traded notional, calls · 91+ 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+88
1W price+14.3%
Call premium100%
Put premium0%
Notional split
C 100% / P 0%
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.
Aggregate chain data does not identify trade aggressor or opening versus closing activity; call/put concentration is not proof of market direction.
Do not infer a hedge unwind without next-session open-interest changes and opening/closing data.
Calls · 91+ days · ITM
calls cluster with 1 contracts traded, $435 estimated gross traded notional, and 66% of visible notional.
$435
Calls · 46-90 days · OTM
calls cluster with 4 contracts traded, $220 estimated gross traded notional, and 34% of visible notional.
$220
Setup Classification
Opportunity and risk frame
The tape is pricing or displaying unusually elevated activity.
Expected move or upcoming earnings makes the setup more event-sensitive.
Options positioning is not confirming the underlying trend context.
Activity Anomaly
Warming up
5 of 10 completed market sessions are available. More session history is needed before activity can be compared with a reliable normal.
Baseline: 5 completed sessions
Volume rank-
Volume/OI rank-
IV rank-
Market Context
Underlying confirmation
Close6.06
1W+14.3%
RS-48.7
Fair value-45.3%
Options pressure88
Speculation0
Volatility78
Trend fit0
Today Versus Normal
Stored-options context
30d avg - · 5/10 sessions
-
90d avg - · 5/30 sessions
-
180d avg - · 5/60 sessions
-
30d avg - · 5/10 sessions
-
90d avg - · 5/30 sessions
-
180d avg - · 5/60 sessions
-
30d avg - · 4/10 sessions
-
90d avg - · 4/30 sessions
-
180d avg - · 4/60 sessions
-
30d avg - · 5/10 sessions
-
90d avg - · 5/30 sessions
-
180d avg - · 5/60 sessions
-
Pressure Trail
Recent pressure and volatility
29 Jul 12:42
Bullish
Pressure 38
Move 14.5%
30 Jul 12:38
Volatility
Pressure 88
Move 14.3%
31 Jul 12:04
Mixed
Pressure -12
Move 12.3%
3 Aug 10:55
Bullish
Pressure 88
Move 10.6%
4 Aug 12:12
Volatility
Pressure -87
Move 10.9%
5 Aug 12:34
Bullish
Pressure 88
Move 11.8%
Strike Map
Where activity is clustering
Strike1.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike2.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike3.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike4.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike5.00
Calls · V 0 · OI 2
Puts · V 0 · OI 0
Strike6.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike7.00
Calls · V 0 · OI 502
Puts · V 0 · OI 1
Strike8.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Term Structure
Expiration activity
Expiry21 Aug 2026
Contracts20
Avg IV0.55
Put-call-
Expiry18 Sep 2026
Contracts22
Avg IV0.63
Put-call-
Expiry16 Oct 2026
Contracts40
Avg IV0.67
Put-call-
Expiry15 Jan 2027
Contracts32
Avg IV0.72
Put-call-
Skew
Call/put IV balance
21 Aug 2026Call IV premium
Call IV0.27
Put IV0.21
Skew-0.06
18 Sep 2026Call IV premium
Call IV0.34
Put IV0.13
Skew-0.20
16 Oct 2026Put IV premium
Call IV0.80
Put IV0.91
Skew0.12
15 Jan 2027Put IV premium
Call IV0.75
Put IV0.84
Skew0.10
Contract Tape
Most active contracts
ContractKPDD261016C00007000
SideCall
Expiry16 Oct 2026
Strike7.00
Volume4
OI-
IV0.68
ContractKPDD270115C00002000
SideCall
Expiry15 Jan 2027
Strike2.00
Volume1
OI23
IV0.01
ContractKPDD261016P00008000
SidePut
Expiry16 Oct 2026
Strike8.00
Volume-
OI1088
IV0.84
ContractKPDD270115P00005000
SidePut
Expiry15 Jan 2027
Strike5.00
Volume-
OI1002
IV0.84
ContractKPDD260821C00007000
SideCall
Expiry21 Aug 2026
Strike7.00
Volume-
OI502
IV0.27
ContractKPDD270115P00006000
SidePut
Expiry15 Jan 2027
Strike6.00
Volume-
OI302
IV0.88
ContractKPDD270115C00005000
SideCall
Expiry15 Jan 2027
Strike5.00
Volume-
OI239
IV0.75
ContractKPDD261016P00006000
SidePut
Expiry16 Oct 2026
Strike6.00
Volume-
OI167
IV0.91
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
No upcoming matched earnings event.
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.