Ticker Options Intelligence

ZUMZ options intelligence

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

Conviction 34 Market data through 31 Jul 2026 Checked 31 Jul 2026 20:57 · complete available chain

Call-side pressure

Bullish pressure

ZUMZ currently carries bullish options pressure with a 34/100 conviction score. The nearest-chain expected move is 13.6%, with volume/open-interest participation at 0.11.

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

Call-side pressure

Expected move 13.6%

Wider near-term move priced

Activity / OI 0.11

Current volume is quieter versus prior open interest

Put-call 0.74

Call-side skew

Trend fit 42

Options are not fully confirming trend

Weekly backdrop +3.9%

RS -19.2

Expected move 13.6%
Put-call volume 0.74
Volume / OI 0.11
Reference IV 0.77
Max pain 17.50
Underlying 18.94
Nearest expiry 21 Aug 2026
Contracts 34

Research Brief

ZUMZ has a bullish chain read with 34/100 evidence alignment.

The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 16.37–21.51; The largest call open-interest concentration is 22.50; the largest put concentration is 20.00. The most active strike by current volume is 22.50.

Priced range16.37–21.51
Call concentration22.50
Put concentration20.00
Max pain reference17.50
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 21 Aug

Options imply 16.37 to 21.51. Max pain at 17.50 sits inside that range, 7.6% below spot.

Spot Max pain
16.3718.94 ± 2.5721.51
Confirmation level

A close beyond 21.51 or below 16.37 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 34/100

Evidence alignment, not probability

Pressure is 26/100 toward calls; conviction uses its strength, while the signal label carries its direction.

Directional pressure26 × 42%
+10.9

How strongly activity leans toward calls or puts.

Participation10 × 22%
+2.3

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

Trend agreement42 × 26%
+10.9

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

Volatility94 × 10%
+9.4

The intensity of implied volatility and the priced move.

Reconstructed score33.5Matches stored calculation

Positioning by Strike

Where open interest and current activity concentrate

Full strike map

The largest call open-interest concentration is 22.50; the largest put concentration is 20.00. 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
0
12.50-34.0%
0
5
15.00-20.8%
8
3
17.50-7.6%
9
14
20.005.6%
52
0
22.5018.8%
1709
0
25.0032.0%
80
2
30.0058.4%
0
0
35.0084.8%
7
1
40.00111.2%
0
Nearest spot strike Max pain strikeBars show relative OI within this expiry

Volatility Curve

Front-loaded volatility

1.21× front/back

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

0.77 21 Aug 21d
1.06 18 Sep 49d
0.60 20 Nov 112d
0.64 19 Feb 203d

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.

18
20
23
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

Multi-expiry position-maintenance candidate

63/100
Primary intent Multi-expiry position-maintenance candidate

Activity is spread across expirations with heavier open interest than current volume, which can be consistent with position maintenance.

Flow vs price divergence Bullish flow confirms price

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

Why this matters

Multi-expiry position-maintenance candidate matters because it connects the options headline to the actual evidence: $23208 of estimated gross traded notional, puts · 8-21 days · itm, 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+26
1W price+3.9%
Call premium52%
Put premium48%
Notional split C 52% / P 48% Estimated gross traded notional uses volume × contract multiplier × midpoint, or last price when no valid midpoint is available.
Freshness 0.11 Volume divided by open interest across the visible chain.
Trend fit 42/100 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. Roll detection is conservative because opening and closing legs are not directly observable in this snapshot.
Conviction clusters Puts · 8-21 days · ITM
Puts · 8-21 days · ITM puts cluster with 31 contracts traded, $8502 estimated gross traded notional, and 37% of visible notional.
$8502
Calls · 8-21 days · OTM calls cluster with 102 contracts traded, $4305 estimated gross traded notional, and 19% of visible notional.
$4305
Calls · 91+ days · ITM calls cluster with 5 contracts traded, $2868 estimated gross traded notional, and 12% of visible notional.
$2868
Calls · 91+ days · OTM calls cluster with 13 contracts traded, $2852 estimated gross traded notional, and 12% of visible notional.
$2852
Calls · 8-21 days · ITM calls cluster with 5 contracts traded, $1965 estimated gross traded notional, and 8% of visible notional.
$1965

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.

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
Close19.67
1W+3.9%
RS-19.2
Fair value+2.0%
Options pressure26
Speculation10
Volatility94
Trend fit42

Today Versus Normal

Stored-options context

View history
Expected move 13.6% history building
30d avg - · 3/10 sessions -
90d avg - · 3/30 sessions -
180d avg - · 3/60 sessions -
IV 0.77 history building
30d avg - · 3/10 sessions -
90d avg - · 3/30 sessions -
180d avg - · 3/60 sessions -
Put-call 0.74 history building
30d avg - · 3/10 sessions -
90d avg - · 3/30 sessions -
180d avg - · 3/60 sessions -
Volume/OI 0.11 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 11:27 Bullish
Pressure 100
Move 11.9%
29 Jul 23:03 Volatility
Pressure 92
Move 15.3%
30 Jul 06:48 Volatility
Pressure 100
Move 15.3%
31 Jul 10:27 Volatility
Pressure 100
Move 9.8%
31 Jul 17:02 Bullish
Pressure 24
Move 13.7%
31 Jul 17:37 Bullish
Pressure 24
Move 13.7%
31 Jul 19:57 Bullish
Pressure 26
Move 13.6%

Strike Map

Where activity is clustering

Full strike map
Strike12.50
Calls · V 0 · OI 0
Puts · V 1 · OI 0
Strike15.00
Calls · V 4 · OI 8
Puts · V 1 · OI 5
Strike17.50
Calls · V 1 · OI 9
Puts · V 2 · OI 3
Strike20.00
Calls · V 25 · OI 52
Puts · V 1 · OI 14
Strike22.50
Calls · V 44 · OI 1709
Puts · V 19 · OI 0
Strike25.00
Calls · V 2 · OI 80
Puts · V 10 · OI 0
Strike30.00
Calls · V 22 · OI 0
Puts · V 1 · OI 2
Strike35.00
Calls · V 7 · OI 7
Puts · V 0 · OI 0

Term Structure

Expiration activity

Volume and IV
Expiry21 Aug 2026
Contracts16
Avg IV0.77
Put-call0.33
Expiry18 Sep 2026
Contracts1
Avg IV1.06
Put-call-
Expiry20 Nov 2026
Contracts9
Avg IV0.60
Put-call0.88
Expiry19 Feb 2027
Contracts8
Avg IV0.64
Put-call0.10

Skew

Call/put IV balance

OTM demand
21 Aug 2026Put IV premium
Call IV0.51
Put IV0.62
Skew0.12
18 Sep 2026Incomplete skew
Call IV-
Put IV1.06
Skew-
20 Nov 2026Call IV premium
Call IV0.53
Put IV0.06
Skew-0.47
19 Feb 2027Balanced skew
Call IV0.61
Put IV0.60
Skew-0.02

Contract Tape

Most active contracts

Full contract tape
ContractZUMZ270219C00022500
SideCall
Expiry19 Feb 2027
Strike22.50
Volume-
OI2
IV0.67
ContractZUMZ270219P00017500
SidePut
Expiry19 Feb 2027
Strike17.50
Volume-
OI1
IV0.60
ContractZUMZ270219C00030000
SideCall
Expiry19 Feb 2027
Strike30.00
Volume-
OI1
IV0.57
ContractZUMZ260821P00040000
SidePut
Expiry21 Aug 2026
Strike40.00
Volume-
OI1
IV0.00
ContractZUMZ270219C00017500
SideCall
Expiry19 Feb 2027
Strike17.50
Volume-
OI1
IV0.70
ContractZUMZ261120C00035000
SideCall
Expiry20 Nov 2026
Strike35.00
Volume-
OI-
IV0.25
ContractZUMZ261120P00017500
SidePut
Expiry20 Nov 2026
Strike17.50
Volume-
OI-
IV0.06
ContractZUMZ260918P00012500
SidePut
Expiry18 Sep 2026
Strike12.50
Volume50
OI50
IV1.06