Primary read
Bearish
Put-side pressure
Ticker Options Intelligence
TRU options intelligence
TransUnion options pressure, expected move, strike concentration, and Sharemaestro trend context.
Conviction
50
Market data through 31 Jul 2026
Checked 1 Aug 2026 23:35 · complete available chain
Put-side pressure
Bearish pressure
TRU currently carries bearish options pressure with a 50/100 conviction score. The nearest-chain expected move is 8.5%, with volume/open-interest participation at 0.01.
Expected move
8.5%
Wider near-term move priced
Activity / OI
0.01
Current volume is quieter versus prior open interest
Put-call
4.53
Put-side skew
Trend fit
69
Options agree with trend context
Weekly backdrop
+2.8%
RS -8.4
Expected move
8.5%
Put-call volume
4.53
Volume / OI
0.01
Reference IV
0.44
Max pain
77.50
Underlying
78.62
Nearest expiry
21 Aug 2026
Contracts
368
Research Brief
TRU has a bearish chain read with 50/100 evidence alignment.
The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 71.95–85.29; The largest call open-interest concentration is 77.50; the largest put concentration is 65.00. The most active strike by current volume is 60.00.
Priced range71.95–85.29
Call concentration77.50
Put concentration65.00
Max pain reference77.50
- Price remains weak while put-side concentration persists.
- The current chain read already agrees with the stored weekly trend context.
- Price recovers while put pressure fades or reverses toward calls.
Priced Move
Where the chain says movement becomes exceptional
Options imply 71.95 to 85.29. Max pain at 77.50 sits inside that range, 1.4% below spot.
Spot
Max pain
71.9578.62 ± 6.6785.29
Confirmation level
A close beyond 85.29 or below 71.95 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 50/100
Pressure is 57/100 toward puts; conviction uses its strength, while the signal label carries its direction.
Directional pressure57 × 42%
+23.9
How strongly activity leans toward calls or puts.
Participation6 × 22%
+1.4
Volume relative to existing open interest and contract-level activity.
Trend agreement69 × 26%
+18.0
How closely the chain read agrees with the underlying trend backdrop.
Volatility65 × 10%
+6.5
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 77.50; the largest put concentration is 65.00. The most active strike by current volume is 60.00. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.
Put open interestStrikeCall open interest
29
37.50-52.3%
0
76
42.50-45.9%
0
63
45.00-42.8%
0
34
57.50-26.9%
0
88
60.00-23.7%
0
54
62.50-20.5%
0
568
65.00-17.3%
2
13
67.50-14.1%
11
27
70.00-11.0%
14
568
72.50-7.8%
18
86
75.00-4.6%
20
3
77.50-1.4%
1003
14
80.001.8%
19
10
82.504.9%
66
52
85.008.1%
96
2
87.5011.3%
929
2
90.0014.5%
563
Nearest spot strike Max pain strikeBars show relative OI within this expiry
Volatility Curve
Balanced volatility curve
Near- and longer-dated implied volatility are broadly aligned; no exceptional front-expiry premium is visible.
0.44
21 Aug
21d
0.42
18 Sep
49d
0.45
18 Dec
140d
0.44
15 Jan
168d
0.45
19 Mar
231d
0.45
21 Jan
539d
Volatility by Strike
Downside protection premium
Out-of-the-money puts carry higher implied volatility than comparable calls, indicating richer downside protection.
65
68
70
73
75
78
80
83
85
88
90
93
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
- 368 / 368
- 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
Put-heavy activity
Put-side activity dominates. This can reflect hedging or directional positioning, but the chain alone cannot distinguish buying from selling.
Put-side pressure is building while price is rising, a cautionary divergence.
Put-heavy activity matters because it connects the options headline to the actual evidence: $9242 of estimated gross traded notional, puts · 8-21 days · otm, and a bearish flow against rising price backdrop. Use it as a research priority signal, then validate the chart, liquidity, event calendar, and risk before acting.
Options pressure-57
1W price+2.8%
Call premium39%
Put premium61%
Notional split
C 39% / P 61%
Estimated gross traded notional uses volume × contract multiplier × midpoint, or last price when no valid midpoint is available.
Freshness
0.01
Volume divided by open interest across the visible chain.
Trend fit
69/100
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.
Puts · 8-21 days · OTM
puts cluster with 63 contracts traded, $3912 estimated gross traded notional, and 42% of visible notional.
$3912
Calls · 8-21 days · ATM
calls cluster with 13 contracts traded, $3505 estimated gross traded notional, and 38% of visible notional.
$3505
Puts · 91+ days · OTM
puts cluster with 5 contracts traded, $1738 estimated gross traded notional, and 19% of visible notional.
$1738
Calls · 46-90 days · OTM
calls cluster with 1 contracts traded, $58 estimated gross traded notional, and 1% of visible notional.
$58
Calls · 8-21 days · OTM
calls cluster with 1 contracts traded, $30 estimated gross traded notional, and 0% of visible notional.
$30
Setup Classification
Opportunity and risk frame
Positioning agrees with the Sharemaestro trend backdrop.
The tape is pricing or displaying unusually elevated activity.
Expected move or upcoming earnings makes the setup more event-sensitive.
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
Close78.62
1W+2.8%
RS-8.4
Fair value-2.3%
Options pressure-57
Speculation6
Volatility65
Trend fit69
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 10:23
Mixed
Pressure 0
Move 12.9%
30 Jul 10:20
Bullish
Pressure 60
Move 11.5%
31 Jul 10:10
Bullish
Pressure 75
Move 9.3%
1 Aug 22:35
Bearish
Pressure -57
Move 8.5%
Strike Map
Where activity is clustering
Strike37.50
Calls · V 0 · OI 0
Puts · V 0 · OI 29
Strike40.00
Calls · V 0 · OI 0
Puts · V 0 · OI 15
Strike42.50
Calls · V 0 · OI 0
Puts · V 0 · OI 76
Strike45.00
Calls · V 0 · OI 0
Puts · V 0 · OI 63
Strike47.50
Calls · V 0 · OI 0
Puts · V 0 · OI 2
Strike50.00
Calls · V 0 · OI 0
Puts · V 0 · OI 13
Strike55.00
Calls · V 0 · OI 0
Puts · V 1 · OI 19
Strike57.50
Calls · V 0 · OI 0
Puts · V 0 · OI 34
Term Structure
Expiration activity
Expiry21 Aug 2026
Contracts52
Avg IV0.44
Put-call4.50
Expiry18 Sep 2026
Contracts60
Avg IV0.42
Put-call-
Expiry18 Dec 2026
Contracts60
Avg IV0.45
Put-call-
Expiry15 Jan 2027
Contracts76
Avg IV0.44
Put-call-
Expiry19 Mar 2027
Contracts52
Avg IV0.45
Put-call-
Skew
Call/put IV balance
21 Aug 2026Put IV premium
Call IV0.41
Put IV0.49
Skew0.08
18 Sep 2026Put IV premium
Call IV0.39
Put IV0.46
Skew0.08
18 Dec 2026Put IV premium
Call IV0.41
Put IV0.48
Skew0.07
15 Jan 2027Put IV premium
Call IV0.41
Put IV0.47
Skew0.06
19 Mar 2027Put IV premium
Call IV0.41
Put IV0.47
Skew0.07
Contract Tape
Most active contracts
ContractTRU260821P00060000
SidePut
Expiry21 Aug 2026
Strike60.00
Volume38
OI88
IV0.82
ContractTRU260821P00070000
SidePut
Expiry21 Aug 2026
Strike70.00
Volume21
OI27
IV0.49
ContractTRU260821C00080000
SideCall
Expiry21 Aug 2026
Strike80.00
Volume12
OI19
IV0.41
ContractTRU270115P00065000
SidePut
Expiry15 Jan 2027
Strike65.00
Volume5
OI12
IV0.47
ContractTRU260821P00065000
SidePut
Expiry21 Aug 2026
Strike65.00
Volume2
OI568
IV0.60
ContractTRU260821C00077500
SideCall
Expiry21 Aug 2026
Strike77.50
Volume1
OI1003
IV0.42
ContractTRU260821C00090000
SideCall
Expiry21 Aug 2026
Strike90.00
Volume1
OI563
IV0.40
ContractTRU260821P00075000
SidePut
Expiry21 Aug 2026
Strike75.00
Volume1
OI86
IV0.47
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.