Primary read
Bullish
Call-side pressure
Ticker Options Intelligence
S options intelligence
SentinelOne Inc options pressure, expected move, strike concentration, and Sharemaestro trend context.
Conviction
57
Market data through 11 Aug 2026
Checked 12 Aug 2026 11:32 · complete available chain
Call-side pressure
Bullish pressure
S currently carries bullish options pressure with a 57/100 conviction score. The nearest-chain expected move is 6.3%, with volume/open-interest participation at 0.08.
Expected move
6.3%
Wider near-term move priced
Activity / OI
0.08
Current volume is quieter versus prior open interest
Put-call
0.08
Call-side skew
Trend fit
8
Options are not fully confirming trend
Weekly backdrop
+12.3%
RS 19.2
Expected move
6.3%
Put-call volume
0.08
Volume / OI
0.08
Reference IV
0.60
Max pain
19.00
Underlying
21.40
Nearest expiry
14 Aug 2026
Contracts
688
Research Brief
S has a bullish 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 20.05–22.75; The largest call open-interest concentration is 22.50; the largest put concentration is 19.00. The most active strike by current volume is 22.50.
Priced range20.05–22.75
Call concentration22.50
Put concentration19.00
Max pain reference19.00
- Price holds or improves while call-side concentration remains elevated.
- Price weakens while call pressure fades or reverses toward puts.
- Options and the weekly trend are not yet giving the same message.
Priced Move
Where the chain says movement becomes exceptional
Options imply 20.05 to 22.75. Max pain at 19.00 lies outside the priced range, so it is a weak near-term anchor.
Spot
Max pain
20.0521.40 ± 1.3522.75
Confirmation level
A close beyond 22.75 or below 20.05 at the 14 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 94/100 toward calls; conviction uses its strength, while the signal label carries its direction.
Directional pressure94 × 42%
+39.4
How strongly activity leans toward calls or puts.
Participation42 × 22%
+9.2
Volume relative to existing open interest and contract-level activity.
Trend agreement8 × 26%
+2.1
How closely the chain read agrees with the underlying trend backdrop.
Volatility68 × 10%
+6.8
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 22.50; the largest put concentration is 19.00. 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
1
12.00-43.9%
31
97
17.00-20.6%
86
4
17.50-18.2%
80
20
18.00-15.9%
128
12
18.50-13.6%
45
133
19.00-11.2%
343
18
19.50-8.9%
142
44
20.00-6.5%
2447
61
20.50-4.2%
130
118
21.00-1.9%
218
66
21.500.5%
365
114
22.002.8%
97
18
22.505.1%
4229
48
23.007.5%
2747
1
23.509.8%
266
1
24.0012.1%
1552
1
24.5014.5%
960
Nearest spot strike Max pain strikeBars show relative OI within this expiry
Gamma Profile by Strike
Positive gamma proxy
Call-side gamma sensitivity outweighs the put-side proxy across the retained chain. The largest bars mark levels where delta-hedging sensitivity may be most concentrated.
Net profile+$5.4MDelta change / 1% move
Positive peak22.00+$1.5M
Negative peak14.00-$22,370
Nearest balance20.52Interpolated sign change
StrikeNegativePositiveNet / 1% move
16.50-22.9%
-$890
17.00-20.6%
+$22,059
17.50-18.2%
-$526
18.00-15.9%
+$147,987
18.50-13.6%
+$1,581
19.00-11.2%
+$116,780
19.50-8.9%
-$1,251
20.00-6.5%
+$707,310
20.50-4.2%
-$7,722
21.00-1.9%
+$192,713
21.500.5%
+$35,616
22.002.8%
+$1.5M
22.505.1%
+$806,419
23.007.5%
+$455,108
23.509.8%
+$29,584
24.0012.1%
+$95,786
24.5014.5%
+$89,760
25.0016.8%
+$558,750
25.5019.2%
-$39
26.0021.5%
+$196
26.5023.8%
-$33
Positive call-side proxy Negative put-side proxyHighlighted row is nearest spot strike
Scenario proxy = gamma × open interest × 100 shares × spot² × 1%. Calls are positive and puts negative by convention. Missing Greeks use a Black-Scholes estimate from stored IV with zero rate and dividend assumptions. Open interest does not reveal who is long or short, so this is not observed dealer positioning or a forecast.
Volatility Curve
Balanced volatility curve
Near- and longer-dated implied volatility are broadly aligned; no exceptional front-expiry premium is visible.
0.60
14 Aug
3d
0.52
21 Aug
10d
0.81
28 Aug
17d
0.72
4 Sep
24d
0.65
11 Sep
31d
0.61
18 Sep
38d
0.61
25 Sep
45d
0.60
18 Dec
129d
Volatility by Strike
Downside protection premium
Out-of-the-money puts carry higher implied volatility than comparable calls, indicating richer downside protection.
18
18
19
19
20
20
21
21
22
22
23
23
24
24
25
25
26
Put IV Call IV
Historical Replay
How matured reads behaved through expiry
Across 3 stored directional transitions, the next stored price moved in the labelled direction 100% of the time.
Directional follow-through100%
Moves contained by pricing14%
Average expiry move11.2%
7 Aug
Volatility · 63
12.3% through expiry
15.0% priced · v2.0
6 Aug
Bullish · 48
12.3% through expiry
3.1% priced · v2.0
5 Aug
Bullish · 57
12.3% through expiry
4.1% priced · v2.0
4 Aug
Volatility · 61
12.3% through expiry
10.9% priced · v2.0
3 Aug
Volatility · 57
12.3% through expiry
7.5% priced · v2.0
31 Jul
Volatility · 61
12.3% through expiry
7.0% priced · v2.0
30 Jul
Bullish · 57
5.1% through expiry
3.0% priced · v2.0
Eligible snapshots must have a dated market session, stored signal, and point-in-time market reference. Each observation uses one read per market session and the first stored weekly close on or immediately after expiry; its original calculation version is retained. 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
- 11 Aug 2026
- Calculation
- v2.0
- Contracts
- 688 / 688
- 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 pressure and weekly price action are pointing in the same constructive direction.
Earnings/event positioning matters because it connects the options headline to the actual evidence: $4.1M of estimated gross traded notional, calls · 22-45 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+94
1W price+12.3%
Call premium96%
Put premium4%
Notional split
C 96% / P 4%
Estimated gross traded notional uses volume × contract multiplier × midpoint, or last price when no valid midpoint is available.
Freshness
0.08
Volume divided by open interest across the visible chain.
Trend fit
8/100
Agreement between options pressure and Sharemaestro market context.
Event window
27 Aug
Matched earnings event is 14 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 · 22-45 days · OTM
calls cluster with 14245 contracts traded, $2.8M estimated gross traded notional, and 68% of visible notional.
$2.8M
Calls · 22-45 days · ITM
calls cluster with 666 contracts traded, $335,158 estimated gross traded notional, and 8% of visible notional.
$335,158
Calls · 0-7 days · ITM
calls cluster with 317 contracts traded, $200,168 estimated gross traded notional, and 5% of visible notional.
$200,168
Calls · 91+ days · OTM
calls cluster with 1172 contracts traded, $194,612 estimated gross traded notional, and 5% of visible notional.
$194,612
Calls · 91+ days · ITM
calls cluster with 230 contracts traded, $162,340 estimated gross traded notional, and 4% of visible notional.
$162,340
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.
Baseline: 10 completed sessions
Volume rank80th
Volume/OI rank80th
IV rank20th
Market Context
Underlying confirmation
Close21.40
1W+12.3%
RS19.2
Fair value+9.2%
Options pressure94
Speculation42
Volatility68
Trend fit8
Today Versus Normal
Stored-options context
30d avg 6.7% · 10 sessions
50th
90d avg - · 10/30 sessions
-
180d avg - · 10/60 sessions
-
30d avg 0.68 · 10 sessions
20th
90d avg - · 10/30 sessions
-
180d avg - · 10/60 sessions
-
30d avg 0.17 · 10 sessions
30th
90d avg - · 10/30 sessions
-
180d avg - · 10/60 sessions
-
30d avg 0.06 · 10 sessions
80th
90d avg - · 10/30 sessions
-
180d avg - · 10/60 sessions
-
Pressure Trail
Recent pressure and volatility
29 Jul 10:36
Bullish
Pressure 92
Move 5.2%
30 Jul 10:33
Volatility
Pressure 98
Move 5.0%
31 Jul 09:17
Bullish
Pressure 91
Move 3.0%
31 Jul 21:19
Volatility
Pressure 94
Move 6.3%
1 Aug 03:14
Bullish
Pressure 100
Move 6.3%
2 Aug 18:29
Volatility
Pressure 90
Move 7.0%
3 Aug 12:29
Volatility
Pressure 100
Move 7.0%
3 Aug 16:20
Volatility
Pressure 52
Move 7.3%
Strike Map
Where activity is clustering
Strike5.00
Calls · V 1 · OI 1
Puts · V 0 · OI 1
Strike9.00
Calls · V 13 · OI 9
Puts · V 3 · OI 2
Strike10.00
Calls · V 11 · OI 3
Puts · V 2 · OI 0
Strike11.00
Calls · V 12 · OI 30
Puts · V 10 · OI 3
Strike12.00
Calls · V 27 · OI 31
Puts · V 3 · OI 1
Strike12.50
Calls · V 25 · OI 20
Puts · V 2 · OI 1
Strike13.00
Calls · V 16 · OI 19
Puts · V 0 · OI 0
Strike13.50
Calls · V 8 · OI 4
Puts · V 0 · OI 0
Term Structure
Expiration activity
Expiry14 Aug 2026
Contracts102
Avg IV0.60
Put-call0.25
Expiry21 Aug 2026
Contracts84
Avg IV0.52
Put-call0.51
Expiry28 Aug 2026
Contracts78
Avg IV0.81
Put-call0.10
Expiry4 Sep 2026
Contracts62
Avg IV0.72
Put-call0.64
Expiry11 Sep 2026
Contracts64
Avg IV0.65
Put-call1.71
Skew
Call/put IV balance
14 Aug 2026Call IV premium
Call IV0.65
Put IV0.41
Skew-0.24
21 Aug 2026Balanced skew
Call IV0.54
Put IV0.51
Skew-0.03
28 Aug 2026Call IV premium
Call IV0.85
Put IV0.76
Skew-0.10
4 Sep 2026Call IV premium
Call IV0.76
Put IV0.70
Skew-0.06
11 Sep 2026Balanced skew
Call IV0.68
Put IV0.65
Skew-0.03
Contract Tape
Most active contracts
ContractS260918C00022000
SideCall
Expiry18 Sep 2026
Strike22.00
Volume13507
OI31156
IV0.60
ContractS260814C00023000
SideCall
Expiry14 Aug 2026
Strike23.00
Volume370
OI2747
IV0.53
ContractS260828C00022000
SideCall
Expiry28 Aug 2026
Strike22.00
Volume360
OI560
IV0.81
ContractS260814C00022500
SideCall
Expiry14 Aug 2026
Strike22.50
Volume353
OI4229
IV0.48
ContractS270115C00040000
SideCall
Expiry15 Jan 2027
Strike40.00
Volume332
OI7965
IV0.61
ContractS260814C00024000
SideCall
Expiry14 Aug 2026
Strike24.00
Volume318
OI1552
IV0.40
ContractS260814P00021000
SidePut
Expiry14 Aug 2026
Strike21.00
Volume300
OI118
IV0.41
ContractS260918C00030000
SideCall
Expiry18 Sep 2026
Strike30.00
Volume246
OI5551
IV0.65
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.