Ticker Options Intelligence

SCHL options intelligence

Scholastic Corporation options pressure, expected move, strike concentration, and Sharemaestro trend context.

Conviction 47 Market data through 31 Jul 2026 Checked 31 Jul 2026 23:13 · complete available chain

Volatility expansion watch

Volatility pressure

SCHL currently carries volatility options pressure with a 47/100 conviction score. The nearest-chain expected move is 15.1%, with volume/open-interest participation at 0.61.

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

Volatility expansion watch

Expected move 15.1%

Wider near-term move priced

Activity / OI 0.61

Current volume is elevated versus prior open interest

Put-call 1.31

Put-side skew

Trend fit 80

Options agree with trend context

Weekly backdrop -5.8%

RS 10.2

Expected move 15.1%
Put-call volume 1.31
Volume / OI 0.61
Reference IV 0.99
Max pain 45.00
Underlying 43.15
Nearest expiry 21 Aug 2026
Contracts 34

Research Brief

SCHL has a volatility chain read with 47/100 evidence alignment.

The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 36.65–49.65; The largest call open-interest concentration is 45.00; the largest put concentration is 45.00. The most active strike by current volume is 22.50.

Priced range36.65–49.65
Call concentration45.00
Put concentration45.00
Max pain reference45.00
What would confirm it
  • A clear directional pressure reading develops and price begins to agree.
  • The current chain read already agrees with the stored weekly trend context.
What would weaken it
  • Volatility falls and the chain remains directionally mixed.
  • 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

Size, not direction · through 21 Aug

Options imply 36.65 to 49.65. Max pain at 45.00 sits inside that range, 4.3% above spot.

Spot Max pain
36.6543.15 ± 6.5049.65
Confirmation level

A close beyond 49.65 or below 36.65 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 47/100

Evidence alignment, not probability

Pressure is 21/100 toward puts; conviction uses its strength, while the signal label carries its direction.

Directional pressure21 × 42%
+8.9

How strongly activity leans toward calls or puts.

Participation36 × 22%
+7.9

Volume relative to existing open interest and contract-level activity.

Trend agreement80 × 26%
+20.8

How closely the chain read agrees with the underlying trend backdrop.

Volatility96 × 10%
+9.6

The intensity of implied volatility and the priced move.

Reconstructed score47.3Matches stored calculation

Positioning by Strike

Where open interest and current activity concentrate

Full strike map

The largest call open-interest concentration is 45.00; the largest put concentration is 45.00. The most active strike by current volume is 22.50. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.

Put open interestStrikeCall open interest
40
22.50-47.9%
0
5
40.00-7.3%
0
52
45.004.3%
28
8
50.0015.9%
4
Nearest spot strike Max pain strikeBars show relative OI within this expiry

Volatility Curve

Front-loaded volatility

1.71× front/back

Near-term options are materially richer than later expirations, consistent with concentrated event or immediate-risk pricing.

0.99 21 Aug 21d
0.71 18 Sep 49d
0.53 18 Dec 140d
0.58 19 Mar 231d

Volatility by Strike

Upside optionality premium

Nearest expiry, within 20% of spot

Out-of-the-money calls carry higher implied volatility than comparable puts, indicating richer upside optionality.

40
45
50
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

A96/100
Retained chain100%
Implied volatility100%
Two-sided quotes100%
Open interest100%
Chain status
Complete available chain
Market date
31 Jul 2026
Calculation
v2.0
Contracts
34 / 34
  • 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

Volatility expansion bet

92/100
Primary intent Volatility expansion bet

The strongest message is movement risk: expected move and implied volatility are carrying more signal than direction.

Flow vs price divergence Volatility flow versus price

Options are pricing movement more than direction; compare expected move with the stock's actual weekly change.

Why this matters

Volatility expansion bet matters because it connects the options headline to the actual evidence: $70664 of estimated gross traded notional, calls · 91+ days · itm, 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-21
1W price-5.8%
Call premium71%
Put premium29%
Notional split C 71% / P 29% Estimated gross traded notional uses volume × contract multiplier × midpoint, or last price when no valid midpoint is available.
Freshness 0.61 Volume divided by open interest across the visible chain.
Trend fit 80/100 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.
Conviction clusters Calls · 91+ days · ITM
Calls · 91+ days · ITM calls cluster with 19 contracts traded, $43505 estimated gross traded notional, and 62% of visible notional.
$43505
Puts · 8-21 days · ITM puts cluster with 20 contracts traded, $16425 estimated gross traded notional, and 23% of visible notional.
$16425
Calls · 91+ days · OTM calls cluster with 18 contracts traded, $4800 estimated gross traded notional, and 7% of visible notional.
$4800
Puts · 91+ days · ITM puts cluster with 2 contracts traded, $2600 estimated gross traded notional, and 4% of visible notional.
$2600
Puts · 8-21 days · OTM puts cluster with 45 contracts traded, $1112 estimated gross traded notional, and 2% of visible notional.
$1112

Setup Classification

Opportunity and risk frame

Context, not advice
Positive Options-confirmed trend

Positioning agrees with the Sharemaestro trend backdrop.

Warning Volatility expansion

The tape is pricing or displaying unusually elevated activity.

Warning Event-risk setup

Expected move or upcoming earnings makes the setup more event-sensitive.

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
Close40.65
1W-5.8%
RS10.2
Fair value+33.8%
Options pressure-21
Speculation36
Volatility96
Trend fit80

Today Versus Normal

Stored-options context

View history
Expected move 15.1% history building
30d avg - · 3/10 sessions -
90d avg - · 3/30 sessions -
180d avg - · 3/60 sessions -
IV 0.99 history building
30d avg - · 3/10 sessions -
90d avg - · 3/30 sessions -
180d avg - · 3/60 sessions -
Put-call 1.31 history building
30d avg - · 0/10 sessions -
90d avg - · 0/30 sessions -
180d avg - · 0/60 sessions -
Volume/OI 0.61 history building
30d avg - · 3/10 sessions -
90d avg - · 3/30 sessions -
180d avg - · 3/60 sessions -

Pressure Trail

Recent pressure and volatility

Open trail
29 Jul 11:19 Bearish
Pressure -93
Move 15.3%
30 Jul 11:03 Mixed
Pressure 7
Move 12.3%
31 Jul 10:43 Mixed
Pressure 7
Move 11.5%
31 Jul 22:13 Volatility
Pressure -21
Move 15.1%

Strike Map

Where activity is clustering

Full strike map
Strike22.50
Calls · V 0 · OI 0
Puts · V 40 · OI 40
Strike40.00
Calls · V 0 · OI 0
Puts · V 5 · OI 5
Strike45.00
Calls · V 2 · OI 28
Puts · V 5 · OI 52
Strike50.00
Calls · V 11 · OI 4
Puts · V 15 · OI 8

Term Structure

Expiration activity

Volume and IV
Expiry21 Aug 2026
Contracts6
Avg IV0.99
Put-call5.00
Expiry18 Sep 2026
Contracts8
Avg IV0.71
Put-call1.00
Expiry18 Dec 2026
Contracts15
Avg IV0.53
Put-call0.06
Expiry19 Mar 2027
Contracts5
Avg IV0.58
Put-call-

Skew

Call/put IV balance

OTM demand
21 Aug 2026Call IV premium
Call IV0.60
Put IV0.54
Skew-0.06
18 Sep 2026Put IV premium
Call IV0.06
Put IV0.68
Skew0.61
18 Dec 2026Call IV premium
Call IV0.65
Put IV0.06
Skew-0.59
19 Mar 2027Incomplete skew
Call IV0.64
Put IV-
Skew-

Contract Tape

Most active contracts

Full contract tape
ContractSCHL261218P00020000
SidePut
Expiry18 Dec 2026
Strike20.00
Volume-
OI10
IV1.18
ContractSCHL261218C00035000
SideCall
Expiry18 Dec 2026
Strike35.00
Volume-
OI5
IV0.62
ContractSCHL261218C00025000
SideCall
Expiry18 Dec 2026
Strike25.00
Volume-
OI2
IV1.68
ContractSCHL270319C00045000
SideCall
Expiry19 Mar 2027
Strike45.00
Volume-
OI1
IV0.64
ContractSCHL270319C00060000
SideCall
Expiry19 Mar 2027
Strike60.00
Volume-
OI1
IV0.50
ContractSCHL261218C00030000
SideCall
Expiry18 Dec 2026
Strike30.00
Volume-
OI1
IV0.52
ContractSCHL270319C00050000
SideCall
Expiry19 Mar 2027
Strike50.00
Volume-
OI1
IV0.63
ContractSCHL261218P00035000
SidePut
Expiry18 Dec 2026
Strike35.00
Volume-
OI-
IV0.06