Primary read
Mixed
Options-market disagreement
Ticker Options Intelligence
FICO options intelligence
Fair Isaac Corporation options pressure, expected move, strike concentration, and Sharemaestro trend context.
Conviction
32
Market data through 12 Aug 2026
Checked 13 Aug 2026 11:21 · partial chain
Options-market disagreement
Mixed pressure
FICO currently carries mixed options pressure with a 32/100 conviction score. The nearest-chain expected move is 6.5%, with volume/open-interest participation at 0.05.
Expected move
6.5%
Wider near-term move priced
Activity / OI
0.05
Current volume is quieter versus prior open interest
Put-call
0.93
Balanced tape
Trend fit
56
Options are not fully confirming trend
Weekly backdrop
-7.3%
RS -34.1
Expected move
6.5%
Put-call volume
0.93
Volume / OI
0.05
Reference IV
0.50
Max pain
1100.00
Underlying
1041.40
Nearest expiry
21 Aug 2026
Contracts
2000
Research Brief
FICO has a mixed chain read with 32/100 evidence alignment.
The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 973.60–1109.20; The largest call open-interest concentration is 1100.00; the largest put concentration is 920.00. The most active strike by current volume is 1210.00.
Priced range973.60–1109.20
Call concentration1100.00
Put concentration920.00
Max pain reference1100.00
- A clear directional pressure reading develops and price begins to agree.
- Volatility falls and the chain remains directionally mixed.
- Options and the weekly trend are not yet giving the same message.
Priced Move
Where the chain says movement becomes exceptional
Options imply 973.60 to 1109.20. Max pain at 1100.00 sits inside that range, 5.6% above spot.
Spot
Max pain
973.601041.40 ± 67.801109.20
Confirmation level
A close beyond 1109.20 or below 973.60 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 32/100
Pressure is 6/100 toward calls; conviction uses its strength, while the signal label carries its direction.
Directional pressure6 × 42%
+2.6
How strongly activity leans toward calls or puts.
Participation41 × 22%
+9.1
Volume relative to existing open interest and contract-level activity.
Trend agreement56 × 26%
+14.5
How closely the chain read agrees with the underlying trend backdrop.
Volatility61 × 10%
+6.1
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 1100.00; the largest put concentration is 920.00. The most active strike by current volume is 1210.00. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.
Put open interestStrikeCall open interest
168
460.00-55.8%
1
150
660.00-36.6%
1
281
900.00-13.6%
27
339
920.00-11.7%
124
259
1000.00-4.0%
270
43
1020.00-2.1%
126
182
1050.000.8%
72
234
1100.005.6%
471
141
1180.0013.3%
73
116
1200.0015.2%
335
32
1210.0016.2%
26
119
1220.0017.1%
69
47
1250.0020.0%
160
1
1500.0044.0%
314
0
1600.0053.6%
189
0
3000.00188.1%
351
0
3300.00216.9%
389
Nearest spot strike Max pain strikeBars show relative OI within this expiry
Gamma Profile by Strike
Balanced gamma proxy
Call- and put-side gamma sensitivity is broadly balanced across the retained chain. Individual strike concentrations may still matter more than the chain-wide net.
Net profile-$688,700Delta change / 1% move
Positive peak1100.00+$863,251
Negative peak920.00-$566,030
Nearest balance1037.79Interpolated sign change
StrikeNegativePositiveNet / 1% move
940.00-9.7%
-$79,050
950.00-8.8%
-$174,216
960.00-7.8%
-$254,926
970.00-6.9%
-$75,395
980.00-5.9%
-$322,925
990.00-4.9%
-$67,370
1000.00-4.0%
-$203,726
1020.00-2.1%
+$717,927
1030.00-1.1%
+$75,851
1040.00-0.1%
-$21,571
1050.000.8%
-$553,883
1060.001.8%
+$162,905
1070.002.7%
-$295,845
1080.003.7%
+$144,945
1090.004.7%
-$107,898
1100.005.6%
+$863,251
1110.006.6%
-$202,500
1120.007.5%
+$129,014
1130.008.5%
+$38,967
1140.009.5%
-$133,092
1150.0010.4%
-$181,645
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
Balanced volatility curve
Near- and longer-dated implied volatility are broadly aligned; no exceptional front-expiry premium is visible.
0.50
21 Aug
9d
0.50
18 Sep
37d
0.52
16 Oct
65d
0.55
20 Nov
100d
0.54
18 Dec
128d
0.54
15 Jan
156d
0.55
19 Mar
219d
0.54
17 Jun
309d
Volatility by Strike
Downside protection premium
Out-of-the-money puts carry higher implied volatility than comparable calls, indicating richer downside protection.
840
860
880
900
920
940
960
980
1000
1030
1050
1060
1080
1100
1120
1140
1160
1180
1200
1220
1240
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 chain86%
Implied volatility100%
Two-sided quotes100%
Open interest100%
- Chain status
- Retained chain subset
- Market date
- 12 Aug 2026
- Calculation
- v2.0
- Contracts
- 2000 / 2316
- 86% of provider contracts were retained for this snapshot.
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
Multi-expiry position-maintenance candidate
Activity is spread across expirations with heavier open interest than current volume, which can be consistent with position maintenance.
The options read is mixed, so divergence is not strong enough to classify.
Multi-expiry position-maintenance candidate matters because it connects the options headline to the actual evidence: $2.0M of estimated gross traded notional, calls · 91+ days · itm, and a no clean flow/price divergence backdrop. Use it as a research priority signal, then validate the chart, liquidity, event calendar, and risk before acting.
Options pressure+6
1W price-7.3%
Call premium59%
Put premium41%
Notional split
C 59% / P 41%
Estimated gross traded notional uses volume × contract multiplier × midpoint, or last price when no valid midpoint is available.
Freshness
0.05
Volume divided by open interest across the visible chain.
Trend fit
56/100
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.
Roll detection is conservative because opening and closing legs are not directly observable in this snapshot.
Calls · 91+ days · ITM
calls cluster with 13 contracts traded, $302,735 estimated gross traded notional, and 15% of visible notional.
$302,735
Puts · 8-21 days · ITM
puts cluster with 18 contracts traded, $203,865 estimated gross traded notional, and 10% of visible notional.
$203,865
Calls · 8-21 days · ATM
calls cluster with 64 contracts traded, $201,945 estimated gross traded notional, and 10% of visible notional.
$201,945
Calls · 46-90 days · OTM
calls cluster with 84 contracts traded, $188,325 estimated gross traded notional, and 9% of visible notional.
$188,325
Puts · 8-21 days · OTM
puts cluster with 312 contracts traded, $179,395 estimated gross traded notional, and 9% of visible notional.
$179,395
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.
Activity Anomaly
Quiet tape
Activity is muted versus this ticker's stored history.
Baseline: 11 completed sessions
Volume rank9th
Volume/OI rank0th
IV rank0th
Market Context
Underlying confirmation
Close1041.40
1W-7.3%
RS-34.1
Fair value-30.3%
Options pressure6
Speculation41
Volatility61
Trend fit56
Today Versus Normal
Stored-options context
30d avg 11.1% · 11 sessions
0th
90d avg - · 11/30 sessions
-
180d avg - · 11/60 sessions
-
30d avg 0.57 · 11 sessions
0th
90d avg - · 11/30 sessions
-
180d avg - · 11/60 sessions
-
30d avg 0.88 · 11 sessions
73th
90d avg - · 11/30 sessions
-
180d avg - · 11/60 sessions
-
30d avg 0.13 · 11 sessions
0th
90d avg - · 11/30 sessions
-
180d avg - · 11/60 sessions
-
Pressure Trail
Recent pressure and volatility
29 Jul 10:14
Volatility
Pressure -31
Move 15.3%
30 Jul 13:16
Volatility
Pressure -20
Move 16.3%
31 Jul 10:12
Bullish
Pressure 55
Move 11.8%
31 Jul 13:51
Bullish
Pressure 30
Move 14.1%
31 Jul 14:38
Bullish
Pressure 25
Move 15.0%
31 Jul 17:31
Bullish
Pressure 22
Move 12.2%
3 Aug 13:12
Bullish
Pressure 28
Move 10.3%
3 Aug 16:59
Bullish
Pressure 22
Move 11.6%
Strike Map
Where activity is clustering
Strike460.00
Calls · V 0 · OI 1
Puts · V 0 · OI 168
Strike470.00
Calls · V 0 · OI 0
Puts · V 0 · OI 70
Strike480.00
Calls · V 0 · OI 0
Puts · V 0 · OI 54
Strike490.00
Calls · V 0 · OI 0
Puts · V 0 · OI 21
Strike500.00
Calls · V 0 · OI 0
Puts · V 0 · OI 52
Strike510.00
Calls · V 0 · OI 0
Puts · V 0 · OI 27
Strike520.00
Calls · V 0 · OI 0
Puts · V 0 · OI 21
Strike530.00
Calls · V 0 · OI 0
Puts · V 0 · OI 37
Term Structure
Expiration activity
Expiry21 Aug 2026
Contracts336
Avg IV0.50
Put-call0.96
Expiry18 Sep 2026
Contracts188
Avg IV0.50
Put-call1.43
Expiry16 Oct 2026
Contracts206
Avg IV0.52
Put-call0.54
Expiry20 Nov 2026
Contracts290
Avg IV0.55
Put-call0.55
Expiry18 Dec 2026
Contracts332
Avg IV0.54
Put-call-
Skew
Call/put IV balance
21 Aug 2026Balanced skew
Call IV0.51
Put IV0.56
Skew0.05
18 Sep 2026Balanced skew
Call IV0.50
Put IV0.48
Skew-0.02
16 Oct 2026Balanced skew
Call IV0.50
Put IV0.50
Skew-
20 Nov 2026Balanced skew
Call IV0.53
Put IV0.56
Skew0.03
18 Dec 2026Balanced skew
Call IV0.52
Put IV0.56
Skew0.04
Contract Tape
Most active contracts
ContractFICO260821C01210000
SideCall
Expiry21 Aug 2026
Strike1210.00
Volume151
OI26
IV0.65
ContractFICO261016C01300000
SideCall
Expiry16 Oct 2026
Strike1300.00
Volume77
OI147
IV0.51
ContractFICO260821P01000000
SidePut
Expiry21 Aug 2026
Strike1000.00
Volume64
OI259
IV0.55
ContractFICO260821P00600000
SidePut
Expiry21 Aug 2026
Strike600.00
Volume51
OI25
IV1.81
ContractFICO260821P00900000
SidePut
Expiry21 Aug 2026
Strike900.00
Volume31
OI281
IV0.57
ContractFICO260821P00660000
SidePut
Expiry21 Aug 2026
Strike660.00
Volume31
OI150
IV1.16
ContractFICO260821C01060000
SideCall
Expiry21 Aug 2026
Strike1060.00
Volume27
OI69
IV0.48
ContractFICO260821C01420000
SideCall
Expiry21 Aug 2026
Strike1420.00
Volume25
OI88
IV1.22
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.