Primary read
Volatility
Volatility expansion watch
Ticker Options Intelligence
VSH options intelligence
Vishay Intertechnology Inc options pressure, expected move, strike concentration, and Sharemaestro trend context.
Conviction
57
Market data through 30 Jul 2026
Checked 31 Jul 2026 06:25 · complete available chain
Volatility expansion watch
Volatility pressure
VSH currently carries volatility options pressure with a 57/100 conviction score. The nearest-chain expected move is 25.2%, with volume/open-interest participation at 0.02.
Expected move
25.2%
Wider near-term move priced
Activity / OI
0.02
Current volume is quieter versus prior open interest
Put-call
0.27
Call-side skew
Trend fit
57
Options are not fully confirming trend
Weekly backdrop
-10.4%
RS 31.1
Expected move
25.2%
Put-call volume
0.27
Volume / OI
0.02
Reference IV
1.20
Max pain
40.00
Underlying
38.21
Nearest expiry
21 Aug 2026
Contracts
314
Research Brief
VSH has a volatility chain read with 57/100 evidence alignment.
The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 28.58–47.84; The largest call open-interest concentration is 45.00; the largest put concentration is 35.00. The most active strike by current volume is 45.00.
Priced range28.58–47.84
Call concentration45.00
Put concentration35.00
Max pain reference40.00
- 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.
- Front-expiry volatility is rich, so the signal may be event-driven and vulnerable to volatility compression.
Priced Move
Where the chain says movement becomes exceptional
Options imply 28.58 to 47.84. Max pain at 40.00 sits inside that range, 4.7% above spot.
Spot
Max pain
28.5838.21 ± 9.6347.84
Confirmation level
A close beyond 47.84 or below 28.58 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 57/100
Pressure is 56/100 toward calls; conviction uses its strength, while the signal label carries its direction.
Directional pressure56 × 42%
+23.4
How strongly activity leans toward calls or puts.
Participation40 × 22%
+8.9
Volume relative to existing open interest and contract-level activity.
Trend agreement57 × 26%
+14.9
How closely the chain read agrees with the underlying trend backdrop.
Volatility96 × 10%
+9.6
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 45.00; the largest put concentration is 35.00. The most active strike by current volume is 45.00. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.
Put open interestStrikeCall open interest
30
20.00-47.7%
0
190
22.50-41.1%
1
196
25.00-34.6%
1
794
30.00-21.5%
85
2629
35.00-8.4%
3427
1955
40.004.7%
4340
1123
45.0017.8%
6364
650
50.0030.9%
2567
112
55.0043.9%
597
172
60.0057.0%
1779
0
65.0070.1%
666
0
70.0083.2%
482
0
75.0096.3%
44
0
80.00109.4%
44
0
85.00122.5%
31
0
90.00135.5%
127
0
100.00161.7%
38
Nearest spot strike Max pain strikeBars show relative OI within this expiry
Volatility Curve
Front-loaded volatility
Near-term options are materially richer than later expirations, consistent with concentrated event or immediate-risk pricing.
1.20
21 Aug
22d
1.08
18 Sep
50d
1.02
16 Oct
78d
1.05
20 Nov
113d
1.02
18 Dec
141d
0.98
15 Jan
169d
0.96
21 Jan
540d
0.93
15 Dec
869d
Volatility by Strike
Balanced wings
Comparable upside calls and downside puts carry broadly similar implied volatility.
35
40
45
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
Usable with limits
Retained chain100%
Implied volatility100%
Two-sided quotes100%
Open interest100%
- Chain status
- Complete available chain
- Market date
- 30 Jul 2026
- Calculation
- v2.0
- Contracts
- 314 / 314
- 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
Options activity is concentrated around a live event window, so the cleanest read is event positioning rather than pure direction.
Options are pricing movement more than direction; compare expected move with the stock's actual weekly change.
Earnings/event positioning matters because it connects the options headline to the actual evidence: $730942 of estimated gross traded notional, calls · 91+ days · otm, and a volatility flow versus price backdrop. Use it as a research priority signal, then validate the chart, liquidity, event calendar, and risk before acting.
Options pressure+56
1W price-10.4%
Call premium67%
Put premium33%
Notional split
C 67% / P 33%
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
57/100
Agreement between options pressure and Sharemaestro market context.
Event window
5 Aug
Matched earnings event is 3 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 530 contracts traded, $239625 estimated gross traded notional, and 33% of visible notional.
$239625
Calls · 8-21 days · ITM
calls cluster with 401 contracts traded, $148445 estimated gross traded notional, and 20% of visible notional.
$148445
Puts · 46-90 days · OTM
puts cluster with 164 contracts traded, $93048 estimated gross traded notional, and 13% of visible notional.
$93048
Puts · 91+ days · ITM
puts cluster with 46 contracts traded, $60585 estimated gross traded notional, and 8% of visible notional.
$60585
Calls · 8-21 days · OTM
calls cluster with 521 contracts traded, $44522 estimated gross traded notional, and 6% of visible notional.
$44522
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
Warming up
2 of 10 completed market sessions are available. More session history is needed before activity can be compared with a reliable normal.
Baseline: 2 completed sessions
Volume rank-
Volume/OI rank-
IV rank-
Market Context
Underlying confirmation
Close34.22
1W-10.4%
RS31.1
Fair value+63.4%
Options pressure56
Speculation40
Volatility96
Trend fit57
Today Versus Normal
Stored-options context
30d avg - · 2/10 sessions
-
90d avg - · 2/30 sessions
-
180d avg - · 2/60 sessions
-
30d avg - · 2/10 sessions
-
90d avg - · 2/30 sessions
-
180d avg - · 2/60 sessions
-
30d avg - · 2/10 sessions
-
90d avg - · 2/30 sessions
-
180d avg - · 2/60 sessions
-
30d avg - · 2/10 sessions
-
90d avg - · 2/30 sessions
-
180d avg - · 2/60 sessions
-
Pressure Trail
Recent pressure and volatility
29 Jul 10:34
Mixed
Pressure -2
Move 26.9%
30 Jul 10:32
Volatility
Pressure 65
Move 29.6%
30 Jul 15:13
Mixed
Pressure 8
Move 25.3%
30 Jul 15:41
Volatility
Pressure 22
Move 25.1%
30 Jul 19:59
Volatility
Pressure 34
Move 25.0%
31 Jul 05:25
Volatility
Pressure 56
Move 25.2%
Strike Map
Where activity is clustering
Strike17.50
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike20.00
Calls · V 0 · OI 0
Puts · V 8 · OI 30
Strike22.50
Calls · V 0 · OI 1
Puts · V 1 · OI 190
Strike25.00
Calls · V 0 · OI 1
Puts · V 24 · OI 196
Strike30.00
Calls · V 21 · OI 85
Puts · V 67 · OI 794
Strike35.00
Calls · V 380 · OI 3427
Puts · V 31 · OI 2629
Strike40.00
Calls · V 33 · OI 4340
Puts · V 8 · OI 1955
Strike45.00
Calls · V 457 · OI 6364
Puts · V 25 · OI 1123
Term Structure
Expiration activity
Expiry21 Aug 2026
Contracts38
Avg IV1.20
Put-call0.18
Expiry18 Sep 2026
Contracts24
Avg IV1.08
Put-call1.21
Expiry16 Oct 2026
Contracts50
Avg IV1.02
Put-call1.44
Expiry20 Nov 2026
Contracts40
Avg IV1.05
Put-call0.19
Expiry18 Dec 2026
Contracts48
Avg IV1.02
Put-call0.73
Skew
Call/put IV balance
21 Aug 2026Balanced skew
Call IV1.12
Put IV1.17
Skew0.05
18 Sep 2026Balanced skew
Call IV1.05
Put IV1.09
Skew0.04
16 Oct 2026Put IV premium
Call IV0.99
Put IV1.05
Skew0.06
20 Nov 2026Balanced skew
Call IV1.05
Put IV1.06
Skew0.01
18 Dec 2026Put IV premium
Call IV1.00
Put IV1.06
Skew0.06
Contract Tape
Most active contracts
ContractVSH260821C00045000
SideCall
Expiry21 Aug 2026
Strike45.00
Volume457
OI6364
IV1.12
ContractVSH260821C00035000
SideCall
Expiry21 Aug 2026
Strike35.00
Volume380
OI3427
IV1.22
ContractVSH261120C00070000
SideCall
Expiry20 Nov 2026
Strike70.00
Volume122
OI324
IV1.05
ContractVSH260918P00035000
SidePut
Expiry18 Sep 2026
Strike35.00
Volume109
OI293
IV1.06
ContractVSH281215C00050000
SideCall
Expiry15 Dec 2028
Strike50.00
Volume100
OI4
IV0.86
ContractVSH261120C00065000
SideCall
Expiry20 Nov 2026
Strike65.00
Volume97
OI7198
IV1.04
ContractVSH260821P00030000
SidePut
Expiry21 Aug 2026
Strike30.00
Volume67
OI794
IV1.17
ContractVSH260918C00045000
SideCall
Expiry18 Sep 2026
Strike45.00
Volume57
OI95
IV1.10
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.