Primary read
Bullish
Call-side pressure
Ticker Options Intelligence
WPP options intelligence
WPP PLC ADR options pressure, expected move, strike concentration, and Sharemaestro trend context.
Conviction
44
Market data through 29 Jul 2026
Checked 30 Jul 2026 03:30 · complete available chain
Call-side pressure
Bullish pressure
WPP currently carries bullish options pressure with a 44/100 conviction score. The nearest-chain expected move is 27.5%, with volume/open-interest participation at 0.02.
Expected move
27.5%
Wider near-term move priced
Activity / OI
0.02
Current volume is quieter versus prior open interest
Put-call
0.51
Call-side skew
Trend fit
30
Options are not fully confirming trend
Weekly backdrop
-1.6%
RS -13.1
Expected move
27.5%
Put-call volume
0.51
Volume / OI
0.02
Reference IV
0.79
Max pain
17.50
Underlying
18.75
Nearest expiry
21 Aug 2026
Contracts
116
Options Intent Radar
Earnings/event positioning
Options activity is concentrated around a live event window, so the cleanest read is event positioning rather than pure direction.
Options are leaning call-side while the stock is down on the week, a divergence that needs price confirmation.
Earnings/event positioning matters because it connects the options headline to the actual evidence: $41005 of estimated gross traded notional, calls · 91+ days · otm, and a bullish flow against weak price backdrop. Use it as a research priority signal, then validate the chart, liquidity, event calendar, and risk before acting.
Options pressure+41
1W price-1.6%
Call premium69%
Put premium31%
Notional split
C 69% / P 31%
Estimated gross traded notional uses volume × contract multiplier × midpoint, or last price when no valid midpoint is available.
Freshness
0.02
Volume divided by open interest across the visible chain.
Trend fit
30/100
Agreement between options pressure and Sharemaestro market context.
Event window
7 Aug
Matched earnings event is 8 days away.
Aggregate chain data does not identify trade aggressor or opening versus closing activity; call/put concentration is not proof of market direction.
Calls · 91+ days · OTM
calls cluster with 58 contracts traded, $18195 estimated gross traded notional, and 44% of visible notional.
$18195
Puts · 46-90 days · ITM
puts cluster with 51 contracts traded, $12622 estimated gross traded notional, and 31% of visible notional.
$12622
Calls · 91+ days · ITM
calls cluster with 5 contracts traded, $4375 estimated gross traded notional, and 11% of visible notional.
$4375
Calls · 46-90 days · OTM
calls cluster with 20 contracts traded, $2900 estimated gross traded notional, and 7% of visible notional.
$2900
Calls · 22-45 days · OTM
calls cluster with 19 contracts traded, $2882 estimated gross traded notional, and 7% of visible notional.
$2882
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
Normal range
Activity is broadly in line with recent stored snapshots.
Volume rank0th
Volume/OI rank0th
IV rank100th
Market Context
Underlying confirmation
Close18.75
1W-1.6%
RS-13.1
Fair value-44.6%
Options pressure41
Speculation40
Volatility96
Trend fit30
Today Versus Normal
Stored-options context
30d avg 23.1% · 1 read
100th
90d avg 23.1% · 1 read
100th
180d avg 23.1% · 1 read
100th
30d avg 0.55 · 1 read
100th
90d avg 0.55 · 1 read
100th
180d avg 0.55 · 1 read
100th
30d avg 0.39 · 1 read
100th
90d avg 0.39 · 1 read
100th
180d avg 0.39 · 1 read
100th
30d avg 0.02 · 1 read
0th
90d avg 0.02 · 1 read
0th
180d avg 0.02 · 1 read
0th
Pressure Trail
Recent pressure and volatility
29 Jul 10:44
Bullish
Pressure 53
Move 23.1%
30 Jul 02:30
Bullish
Pressure 41
Move 27.5%
Strike Map
Where activity is clustering
Strike7.50
Calls · V 0 · OI 29
Puts · V 0 · OI 0
Strike10.00
Calls · V 0 · OI 3
Puts · V 0 · OI 0
Strike12.50
Calls · V 0 · OI 1
Puts · V 0 · OI 13
Strike15.00
Calls · V 0 · OI 2
Puts · V 0 · OI 156
Strike17.50
Calls · V 0 · OI 2260
Puts · V 1 · OI 201
Strike20.00
Calls · V 10 · OI 217
Puts · V 0 · OI 0
Strike22.50
Calls · V 7 · OI 112
Puts · V 0 · OI 0
Strike25.00
Calls · V 2 · OI 13
Puts · V 0 · OI 0
Term Structure
Expiration activity
Expiry21 Aug 2026
Contracts20
Avg IV0.79
Put-call0.05
Expiry18 Sep 2026
Contracts24
Avg IV0.69
Put-call2.55
Expiry20 Nov 2026
Contracts24
Avg IV0.50
Put-call-
Expiry18 Dec 2026
Contracts24
Avg IV0.50
Put-call-
Expiry19 Feb 2027
Contracts24
Avg IV0.44
Put-call-
Skew
Call/put IV balance
21 Aug 2026Put IV premium
Call IV0.57
Put IV0.81
Skew0.24
18 Sep 2026Call IV premium
Call IV0.81
Put IV0.27
Skew-0.54
20 Nov 2026Balanced skew
Call IV0.62
Put IV0.58
Skew-0.04
18 Dec 2026Put IV premium
Call IV0.52
Put IV0.78
Skew0.25
19 Feb 2027Put IV premium
Call IV0.41
Put IV0.66
Skew0.25
Contract Tape
Most active contracts
ContractWPP260918P00022500
SidePut
Expiry18 Sep 2026
Strike22.50
Volume51
OI1
IV0.64
ContractWPP261218C00020000
SideCall
Expiry18 Dec 2026
Strike20.00
Volume50
OI743
IV0.46
ContractWPP260918C00025000
SideCall
Expiry18 Sep 2026
Strike25.00
Volume20
OI1
IV0.81
ContractWPP260821C00020000
SideCall
Expiry21 Aug 2026
Strike20.00
Volume10
OI217
IV0.59
ContractWPP260821C00022500
SideCall
Expiry21 Aug 2026
Strike22.50
Volume7
OI112
IV0.54
ContractWPP261218C00030000
SideCall
Expiry18 Dec 2026
Strike30.00
Volume6
OI252
IV0.21
ContractWPP261218C00012500
SideCall
Expiry18 Dec 2026
Strike12.50
Volume5
OI24
IV0.01
ContractWPP270219C00020000
SideCall
Expiry19 Feb 2027
Strike20.00
Volume2
OI22
IV0.41
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
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.