Ticker Options Intelligence

SNAP options intelligence

Snap Inc options pressure, expected move, strike concentration, and Sharemaestro trend context.

Conviction 42 Market data through 31 Jul 2026 Checked 1 Aug 2026 21:59 · complete available chain

Call-side pressure

Bullish pressure

SNAP currently carries bullish options pressure with a 42/100 conviction score. The nearest-chain expected move is 14.5%, with volume/open-interest participation at 0.03.

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

Call-side pressure

Expected move 14.5%

Wider near-term move priced

Activity / OI 0.03

Current volume is quieter versus prior open interest

Put-call 0.49

Call-side skew

Trend fit 20

Options are not fully confirming trend

Weekly backdrop +7.8%

RS -33.2

Expected move 14.5%
Put-call volume 0.49
Volume / OI 0.03
Reference IV 1.35
Max pain 4.50
Underlying 4.69
Nearest expiry 7 Aug 2026
Contracts 314

Research Brief

SNAP has a bullish 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 4.01–5.37; The largest call open-interest concentration is 5.00; the largest put concentration is 4.00. The most active strike by current volume is 4.00.

Priced range4.01–5.37
Call concentration5.00
Put concentration4.00
Max pain reference4.50
What would confirm it
  • Price holds or improves while call-side concentration remains elevated.
What would weaken it
  • Price weakens while call pressure fades or reverses toward puts.
  • 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

Size, not direction · through 7 Aug

Options imply 4.01 to 5.37. Max pain at 4.50 sits inside that range, 4.1% below spot.

Spot Max pain
4.014.69 ± 0.685.37
Confirmation level

A close beyond 5.37 or below 4.01 at the 7 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 43/100 toward calls; conviction uses its strength, while the signal label carries its direction.

Directional pressure43 × 42%
+18.0

How strongly activity leans toward calls or puts.

Participation41 × 22%
+9.0

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

Trend agreement20 × 26%
+5.1

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 score41.7Matches stored calculation

Positioning by Strike

Where open interest and current activity concentrate

Full strike map

The largest call open-interest concentration is 5.00; the largest put concentration is 4.00. The most active strike by current volume is 4.00. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.

Put open interestStrikeCall open interest
2
0.50-89.3%
259
0
1.00-78.7%
281
0
1.50-68.0%
85
3
2.00-57.4%
68
5
3.00-36.0%
24
1145
3.50-25.4%
8
3871
4.00-14.7%
681
1744
4.50-4.1%
4862
759
5.006.6%
16859
530
5.5017.3%
7671
146
6.0027.9%
5748
63
6.5038.6%
4347
4
7.0049.3%
1935
6
7.5059.9%
285
4
8.0070.6%
720
7
8.5081.2%
111
3
9.0091.9%
31
Nearest spot strike Max pain strikeBars show relative OI within this expiry

Volatility Curve

Front-loaded volatility

1.84× front/back

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

1.35 7 Aug 7d
1.03 14 Aug 14d
0.93 21 Aug 21d
0.86 28 Aug 28d
0.81 4 Sep 35d
0.80 11 Sep 42d
0.75 18 Sep 49d
0.74 16 Oct 77d

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.

4
5
5
6
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 31 Jul 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

A100/100
Retained chain100%
Implied volatility100%
Two-sided quotes100%
Open interest100%
Chain status
Complete available chain
Market date
31 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

91/100
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 Bullish flow confirms price

Options pressure and weekly price action are pointing in the same constructive direction.

Why this matters

Earnings/event positioning matters because it connects the options headline to the actual evidence: $1.6M of estimated gross traded notional, calls · 91+ days · otm, and a bullish flow confirms price backdrop. Use it as a research priority signal, then validate the chart, liquidity, event calendar, and risk before acting.

Options pressure+43
1W price+7.8%
Call premium79%
Put premium21%
Notional split C 79% / P 21% Estimated gross traded notional uses volume × contract multiplier × midpoint, or last price when no valid midpoint is available.
Freshness 0.03 Volume divided by open interest across the visible chain.
Trend fit 20/100 Agreement between options pressure and Sharemaestro market context.
Event window 3 Aug Matched earnings event is 2 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 Calls · 91+ days · OTM
Calls · 91+ days · OTM calls cluster with 4678 contracts traded, $356790 estimated gross traded notional, and 22% of visible notional.
$356790
Calls · 0-7 days · ITM calls cluster with 4274 contracts traded, $266697 estimated gross traded notional, and 17% of visible notional.
$266697
Calls · 0-7 days · OTM calls cluster with 11863 contracts traded, $158986 estimated gross traded notional, and 10% of visible notional.
$158986
Calls · 22-45 days · ITM calls cluster with 809 contracts traded, $140850 estimated gross traded notional, and 9% of visible notional.
$140850
Calls · 91+ days · ITM calls cluster with 556 contracts traded, $107764 estimated gross traded notional, and 7% of visible notional.
$107764

Setup Classification

Opportunity and risk frame

Context, not advice
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.

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
Close4.69
1W+7.8%
RS-33.2
Fair value-51.8%
Options pressure43
Speculation41
Volatility96
Trend fit20

Today Versus Normal

Stored-options context

View history
Expected move 14.5% history building
30d avg - · 3/10 sessions -
90d avg - · 3/30 sessions -
180d avg - · 3/60 sessions -
IV 1.35 history building
30d avg - · 3/10 sessions -
90d avg - · 3/30 sessions -
180d avg - · 3/60 sessions -
Put-call 0.49 history building
30d avg - · 3/10 sessions -
90d avg - · 3/30 sessions -
180d avg - · 3/60 sessions -
Volume/OI 0.03 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 10:28 Volatility
Pressure 81
Move 7.2%
30 Jul 10:24 Bullish
Pressure 64
Move 6.2%
31 Jul 09:11 Volatility
Pressure 72
Move 5.5%
31 Jul 13:38 Bullish
Pressure 71
Move 5.3%
1 Aug 20:59 Bullish
Pressure 43
Move 14.5%

Strike Map

Where activity is clustering

Full strike map
Strike0.50
Calls · V 3 · OI 259
Puts · V 0 · OI 2
Strike1.00
Calls · V 2 · OI 281
Puts · V 0 · OI 0
Strike1.50
Calls · V 1 · OI 85
Puts · V 0 · OI 0
Strike2.00
Calls · V 3 · OI 68
Puts · V 1 · OI 3
Strike2.50
Calls · V 0 · OI 3
Puts · V 0 · OI 1
Strike3.00
Calls · V 1 · OI 24
Puts · V 41 · OI 5
Strike3.50
Calls · V 1 · OI 8
Puts · V 4306 · OI 1145
Strike4.00
Calls · V 2199 · OI 681
Puts · V 3574 · OI 3871

Term Structure

Expiration activity

Volume and IV
Expiry7 Aug 2026
Contracts36
Avg IV1.35
Put-call0.61
Expiry14 Aug 2026
Contracts36
Avg IV1.03
Put-call0.33
Expiry21 Aug 2026
Contracts38
Avg IV0.93
Put-call0.73
Expiry28 Aug 2026
Contracts36
Avg IV0.86
Put-call0.69
Expiry4 Sep 2026
Contracts34
Avg IV0.81
Put-call0.43

Skew

Call/put IV balance

OTM demand
7 Aug 2026Call IV premium
Call IV1.38
Put IV1.30
Skew-0.08
14 Aug 2026Call IV premium
Call IV1.08
Put IV1.01
Skew-0.07
21 Aug 2026Call IV premium
Call IV0.93
Put IV0.85
Skew-0.08
28 Aug 2026Balanced skew
Call IV0.87
Put IV0.85
Skew-0.02
4 Sep 2026Balanced skew
Call IV0.84
Put IV0.81
Skew-0.03

Contract Tape

Most active contracts

Full contract tape
ContractSNAP260807P00003500
SidePut
Expiry7 Aug 2026
Strike3.50
Volume4306
OI1145
IV1.19
ContractSNAP260807C00005500
SideCall
Expiry7 Aug 2026
Strike5.50
Volume4207
OI7671
IV1.38
ContractSNAP260807C00005000
SideCall
Expiry7 Aug 2026
Strike5.00
Volume4198
OI16859
IV1.36
ContractSNAP260807P00004000
SidePut
Expiry7 Aug 2026
Strike4.00
Volume3574
OI3871
IV1.30
ContractSNAP260807C00006000
SideCall
Expiry7 Aug 2026
Strike6.00
Volume3118
OI5748
IV1.40
ContractSNAP260807C00004000
SideCall
Expiry7 Aug 2026
Strike4.00
Volume2199
OI681
IV1.34
ContractSNAP260807C00004500
SideCall
Expiry7 Aug 2026
Strike4.50
Volume2064
OI4862
IV1.36
ContractSNAP261016C00010000
SideCall
Expiry16 Oct 2026
Strike10.00
Volume1589
OI2566
IV0.86