Ticker Options Intelligence

NDLS options intelligence

Noodles & Company options pressure, expected move, strike concentration, and Sharemaestro trend context.

Conviction 42 Market data through 31 Jul 2026 Checked 1 Aug 2026 21:00 · complete available chain

Put-side pressure

Bearish pressure

NDLS currently carries bearish options pressure with a 42/100 conviction score. The nearest-chain expected move is 6.0%, with volume/open-interest participation at -.

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

Put-side pressure

Expected move 6.0%

Near-term move context

Activity / OI -

Current volume is quieter versus prior open interest

Put-call 20.00

Put-side skew

Trend fit 0

Options are not fully confirming trend

Weekly backdrop +21.2%

RS 115.4

Expected move 6.0%
Put-call volume 20.00
Volume / OI -
Reference IV 0.25
Max pain 1.00
Underlying 18.62
Nearest expiry 21 Aug 2026
Contracts 2

Research Brief

NDLS has a bearish chain read with 42/100 evidence alignment.

The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 17.50–19.74; The largest call open-interest concentration is 1.00; the largest put concentration is 1.00. The most active strike by current volume is 2.00.

Priced range17.50–19.74
Call concentration1.00
Put concentration1.00
Max pain reference1.00
What would confirm it
  • Price remains weak while put-side concentration persists.
What would weaken it
  • Price recovers while put pressure fades or reverses toward calls.
  • Options and the weekly trend are not yet giving the same message.

Priced Move

Where the chain says movement becomes exceptional

Size, not direction · through 21 Aug

Options imply 17.50 to 19.74. Max pain at 1.00 lies outside the priced range, so it is a weak near-term anchor.

Spot Max pain
17.5018.62 ± 1.1219.74
Confirmation level

A close beyond 19.74 or below 17.50 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 42/100

Evidence alignment, not probability

Pressure is 90/100 toward puts; conviction uses its strength, while the signal label carries its direction.

Directional pressure90 × 42%
+38.0

How strongly activity leans toward calls or puts.

Participation0 × 22%
+0.0

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.

Volatility41 × 10%
+4.1

The intensity of implied volatility and the priced move.

Reconstructed score42.2Matches stored calculation

Positioning by Strike

Where open interest and current activity concentrate

Full strike map

The largest call open-interest concentration is 1.00; the largest put concentration is 1.00. The most active strike by current volume is 2.00. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.

Put open interestStrikeCall open interest
0
1.00-94.6%
0
0
2.00-89.3%
0
Nearest spot strike Max pain strikeBars show relative OI within this expiry

Volatility Curve

Insufficient term structure

At least two expirations with usable near-the-money implied volatility are required.

0.25 21 Aug 21d

Volatility by Strike

Smile incomplete

Nearest expiry, within 20% of spot

There is not enough comparable OTM call and put volatility to classify the smile.

Comparable strike volatility is unavailable.

Put IV Call IV

Historical Replay

How matured reads behaved through expiry

0 directional observations

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

A93/100
Retained chain100%
Implied volatility100%
Two-sided quotes100%
Open interest100%
Chain status
Complete available chain
Market date
31 Jul 2026
Calculation
v2.0
Contracts
2 / 2
  • 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

79/100
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 Bearish flow against rising price

Put-side pressure is building while price is rising, a cautionary divergence.

Why this matters

Earnings/event positioning matters because it connects the options headline to the actual evidence: $2856 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-90
1W price+21.2%
Call premium1%
Put premium99%
Notional split C 1% / P 99% Estimated gross traded notional uses volume × contract multiplier × midpoint, or last price when no valid midpoint is available.
Freshness - Volume divided by open interest across the visible chain.
Trend fit 0/100 Agreement between options pressure and Sharemaestro market context.
Event window 12 Aug Matched earnings event is 10 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 Puts · 8-21 days · OTM
Puts · 8-21 days · OTM puts cluster with 20 contracts traded, $2840 estimated gross traded notional, and 99% of visible notional.
$2840
Calls · 8-21 days · ITM calls cluster with 1 contracts traded, $16 estimated gross traded notional, and 1% of visible notional.
$16

Setup Classification

Opportunity and risk frame

Context, not advice
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

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

Sharemaestro weekly
Close18.62
1W+21.2%
RS115.4
Fair value+59.6%
Options pressure-90
Speculation0
Volatility41
Trend fit0

Today Versus Normal

Stored-options context

View history
Expected move 6.0% history building
30d avg - · 3/10 sessions -
90d avg - · 3/30 sessions -
180d avg - · 3/60 sessions -
IV 0.25 history building
30d avg - · 3/10 sessions -
90d avg - · 3/30 sessions -
180d avg - · 3/60 sessions -
Put-call 20.00 history building
30d avg - · 3/10 sessions -
90d avg - · 3/30 sessions -
180d avg - · 3/60 sessions -
Volume/OI - history building
30d avg - · 0/10 sessions -
90d avg - · 0/30 sessions -
180d avg - · 0/60 sessions -

Pressure Trail

Recent pressure and volatility

Open trail
29 Jul 11:47 Bearish
Pressure -90
Move 6.3%
31 Jul 06:40 Bearish
Pressure -90
Move 6.1%
1 Aug 05:17 Bearish
Pressure -90
Move 6.0%
1 Aug 20:00 Bearish
Pressure -90
Move 6.0%

Strike Map

Where activity is clustering

Full strike map
Strike1.00
Calls · V 1 · OI 0
Puts · V 0 · OI 0
Strike2.00
Calls · V 0 · OI 0
Puts · V 20 · OI 0

Term Structure

Expiration activity

Volume and IV
Expiry21 Aug 2026
Contracts2
Avg IV0.25
Put-call20.00

Skew

Call/put IV balance

OTM demand
21 Aug 2026Incomplete skew
Call IV-
Put IV0.50
Skew-

Contract Tape

Most active contracts

Full contract tape
ContractNDLS260821P00002000
SidePut
Expiry21 Aug 2026
Strike2.00
Volume20
OI-
IV0.50
ContractNDLS260821C00001000
SideCall
Expiry21 Aug 2026
Strike1.00
Volume1
OI-
IV0.00