Ticker Options Intelligence

SPG options intelligence

Simon Property Group Inc options pressure, expected move, strike concentration, and Sharemaestro trend context.

Conviction 45 Market data through 30 Jul 2026 Checked 31 Jul 2026 11:01 · complete available chain

Put-side pressure

Bearish pressure

SPG currently carries bearish options pressure with a 45/100 conviction score. The nearest-chain expected move is 5.0%, with volume/open-interest participation at 0.06.

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

Put-side pressure

Expected move 5.0%

Near-term move context

Activity / OI 0.06

Current volume is quieter versus prior open interest

Put-call 1.74

Put-side skew

Trend fit 74

Options agree with trend context

Weekly backdrop +0.5%

RS 13.1

Expected move 5.0%
Put-call volume 1.74
Volume / OI 0.06
Reference IV 0.26
Max pain 230.00
Underlying 229.78
Nearest expiry 21 Aug 2026
Contracts 534

Research Brief

SPG has a bearish chain read with 45/100 evidence alignment.

The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 218.28–241.28; The largest call open-interest concentration is 240.00; the largest put concentration is 210.00. The most active strike by current volume is 220.00.

Priced range218.28–241.28
Call concentration240.00
Put concentration210.00
Max pain reference230.00
What would confirm it
  • Price remains weak while put-side concentration persists.
  • The current chain read already agrees with the stored weekly trend context.
What would weaken it
  • Price recovers while put pressure fades or reverses toward calls.

Priced Move

Where the chain says movement becomes exceptional

Size, not direction · through 21 Aug

Options imply 218.28 to 241.28. Max pain at 230.00 sits inside that range, 0.1% above spot.

Spot Max pain
218.28229.78 ± 11.50241.28
Confirmation level

A close beyond 241.28 or below 218.28 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 45/100

Evidence alignment, not probability

Pressure is 30/100 toward puts; conviction uses its strength, while the signal label carries its direction.

Directional pressure30 × 42%
+12.6

How strongly activity leans toward calls or puts.

Participation41 × 22%
+9.1

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

Trend agreement74 × 26%
+19.1

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

Volatility39 × 10%
+3.9

The intensity of implied volatility and the priced move.

Reconstructed score44.7Matches stored calculation

Positioning by Strike

Where open interest and current activity concentrate

Full strike map

The largest call open-interest concentration is 240.00; the largest put concentration is 210.00. The most active strike by current volume is 220.00. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.

Put open interestStrikeCall open interest
78
155.00-32.5%
0
9
160.00-30.4%
0
10
165.00-28.2%
0
10
170.00-26.0%
0
70
175.00-23.8%
0
54
180.00-21.7%
1
18
185.00-19.5%
0
23
190.00-17.3%
11
62
195.00-15.1%
4
107
200.00-13.0%
10
650
210.00-8.6%
52
507
220.00-4.3%
207
312
230.000.1%
815
43
240.004.4%
1509
0
250.008.8%
625
0
260.0013.2%
49
0
270.0017.5%
11
Nearest spot strike Max pain strikeBars show relative OI within this expiry

Volatility Curve

Balanced volatility curve

1.12× front/back

Near- and longer-dated implied volatility are broadly aligned; no exceptional front-expiry premium is visible.

0.26 21 Aug 22d
0.24 18 Sep 50d
0.23 16 Oct 78d
0.24 18 Dec 141d
0.23 15 Jan 169d
0.24 19 Mar 232d
0.24 17 Jun 322d
0.24 21 Jan 540d

Volatility by Strike

Downside protection premium

Nearest expiry, within 20% of spot

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

185
190
195
200
210
220
230
240
250
260
270
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

Usable with limits

C69/100
Retained chain100%
Implied volatility100%
Two-sided quotes100%
Open interest100%
Chain status
Complete available chain
Market date
30 Jul 2026
Calculation
v2.0
Contracts
534 / 534
  • 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

Put-heavy activity

70/100
Primary intent Put-heavy activity

Put-side activity dominates. This can reflect hedging or directional positioning, but the chain alone cannot distinguish buying from selling.

Flow vs price divergence Bearish flow before price confirmation

Put-side pressure is present before a decisive weekly price breakdown.

Why this matters

Put-heavy activity matters because it connects the options headline to the actual evidence: $902295 of estimated gross traded notional, puts · 46-90 days · otm, and a bearish flow before price confirmation backdrop. Use it as a research priority signal, then validate the chart, liquidity, event calendar, and risk before acting.

Options pressure-30
1W price+0.5%
Call premium36%
Put premium64%
Notional split C 36% / P 64% Estimated gross traded notional uses volume × contract multiplier × midpoint, or last price when no valid midpoint is available.
Freshness 0.06 Volume divided by open interest across the visible chain.
Trend fit 74/100 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 Puts · 46-90 days · OTM
Puts · 46-90 days · OTM puts cluster with 1055 contracts traded, $343495 estimated gross traded notional, and 38% of visible notional.
$343495
Calls · 91+ days · OTM calls cluster with 110 contracts traded, $99652 estimated gross traded notional, and 11% of visible notional.
$99652
Calls · 46-90 days · OTM calls cluster with 645 contracts traded, $91548 estimated gross traded notional, and 10% of visible notional.
$91548
Puts · 46-90 days · ATM puts cluster with 80 contracts traded, $67600 estimated gross traded notional, and 7% of visible notional.
$67600
Puts · 91+ days · OTM puts cluster with 168 contracts traded, $54985 estimated gross traded notional, and 6% of visible notional.
$54985

Setup Classification

Opportunity and risk frame

Context, not advice
Positive Options-confirmed trend

Positioning agrees with the Sharemaestro trend backdrop.

Warning Event-risk setup

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

Warning Crowded strike risk

Underlying price is close to the max-pain zone.

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

Sharemaestro weekly
Close229.78
1W+0.5%
RS13.1
Fair value+48.2%
Options pressure-30
Speculation41
Volatility39
Trend fit74

Today Versus Normal

Stored-options context

View history
Expected move 5.0% history building
30d avg - · 2/10 sessions -
90d avg - · 2/30 sessions -
180d avg - · 2/60 sessions -
IV 0.26 history building
30d avg - · 2/10 sessions -
90d avg - · 2/30 sessions -
180d avg - · 2/60 sessions -
Put-call 1.74 history building
30d avg - · 2/10 sessions -
90d avg - · 2/30 sessions -
180d avg - · 2/60 sessions -
Volume/OI 0.06 history building
30d avg - · 2/10 sessions -
90d avg - · 2/30 sessions -
180d avg - · 2/60 sessions -

Pressure Trail

Recent pressure and volatility

Open trail
29 Jul 10:04 Mixed
Pressure 9
Move 6.0%
30 Jul 10:03 Mixed
Pressure 12
Move 5.6%
31 Jul 10:01 Bearish
Pressure -30
Move 5.0%

Strike Map

Where activity is clustering

Full strike map
Strike135.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike140.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike145.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike150.00
Calls · V 0 · OI 0
Puts · V 0 · OI 2
Strike155.00
Calls · V 0 · OI 0
Puts · V 0 · OI 78
Strike160.00
Calls · V 0 · OI 0
Puts · V 0 · OI 9
Strike165.00
Calls · V 0 · OI 0
Puts · V 0 · OI 10
Strike170.00
Calls · V 0 · OI 0
Puts · V 0 · OI 10

Term Structure

Expiration activity

Volume and IV
Expiry21 Aug 2026
Contracts52
Avg IV0.26
Put-call2.45
Expiry18 Sep 2026
Contracts76
Avg IV0.24
Put-call0.15
Expiry16 Oct 2026
Contracts56
Avg IV0.23
Put-call129.25
Expiry18 Dec 2026
Contracts66
Avg IV0.24
Put-call5.38
Expiry15 Jan 2027
Contracts72
Avg IV0.23
Put-call1.86

Skew

Call/put IV balance

OTM demand
21 Aug 2026Balanced skew
Call IV0.23
Put IV0.28
Skew0.05
18 Sep 2026Put IV premium
Call IV0.20
Put IV0.27
Skew0.07
16 Oct 2026Put IV premium
Call IV0.20
Put IV0.27
Skew0.07
18 Dec 2026Put IV premium
Call IV0.20
Put IV0.28
Skew0.08
15 Jan 2027Put IV premium
Call IV0.19
Put IV0.27
Skew0.08

Contract Tape

Most active contracts

Full contract tape
ContractSPG261016P00210000
SidePut
Expiry16 Oct 2026
Strike210.00
Volume1032
OI54
IV0.27
ContractSPG260918C00250000
SideCall
Expiry18 Sep 2026
Strike250.00
Volume639
OI122
IV0.20
ContractSPG260821P00220000
SidePut
Expiry21 Aug 2026
Strike220.00
Volume186
OI507
IV0.28
ContractSPG260821C00240000
SideCall
Expiry21 Aug 2026
Strike240.00
Volume85
OI1509
IV0.23
ContractSPG260918P00230000
SidePut
Expiry18 Sep 2026
Strike230.00
Volume80
OI64
IV0.27
ContractSPG270115P00155000
SidePut
Expiry15 Jan 2027
Strike155.00
Volume50
OI225
IV0.37
ContractSPG270115P00170000
SidePut
Expiry15 Jan 2027
Strike170.00
Volume29
OI295
IV0.31
ContractSPG270617C00250000
SideCall
Expiry17 Jun 2027
Strike250.00
Volume28
OI83
IV0.19