Primary read
Bullish
Call-side pressure
Ticker Options Intelligence
DG options intelligence
Dollar General Corporation options pressure, expected move, strike concentration, and Sharemaestro trend context.
Conviction
33
Market data through 31 Jul 2026
Checked 1 Aug 2026 16:28 · complete available chain
Call-side pressure
Bullish pressure
DG currently carries bullish options pressure with a 33/100 conviction score. The nearest-chain expected move is 4.1%, with volume/open-interest participation at 0.06.
Expected move
4.1%
Near-term move context
Activity / OI
0.06
Current volume is quieter versus prior open interest
Put-call
0.62
Call-side skew
Trend fit
44
Options are not fully confirming trend
Weekly backdrop
+8.4%
RS -2.5
Expected move
4.1%
Put-call volume
0.62
Volume / OI
0.06
Reference IV
0.36
Max pain
123.00
Underlying
127.05
Nearest expiry
7 Aug 2026
Contracts
1154
Research Brief
DG has a bullish chain read with 33/100 evidence alignment.
The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 121.82–132.28; The largest call open-interest concentration is 155.00; the largest put concentration is 100.00. The most active strike by current volume is 127.00.
Priced range121.82–132.28
Call concentration155.00
Put concentration100.00
Max pain reference123.00
- 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 121.82 to 132.28. Max pain at 123.00 sits inside that range, 3.2% below spot.
Spot
Max pain
121.82127.05 ± 5.23132.28
Confirmation level
A close beyond 132.28 or below 121.82 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 33/100
Pressure is 21/100 toward calls; conviction uses its strength, while the signal label carries its direction.
Directional pressure21 × 42%
+8.8
How strongly activity leans toward calls or puts.
Participation41 × 22%
+9.1
Volume relative to existing open interest and contract-level activity.
Trend agreement44 × 26%
+11.4
How closely the chain read agrees with the underlying trend backdrop.
Volatility42 × 10%
+4.2
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 155.00; the largest put concentration is 100.00. The most active strike by current volume is 127.00. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.
Put open interestStrikeCall open interest
95
90.00-29.2%
0
125
100.00-21.3%
0
61
104.00-18.1%
0
63
105.00-17.4%
0
73
111.00-12.6%
0
15
116.00-8.7%
10
109
120.00-5.5%
25
36
124.00-2.4%
4
4
125.00-1.6%
19
6
126.00-0.8%
38
43
127.000.0%
84
11
128.000.7%
137
1
130.002.3%
40
0
142.0011.8%
100
0
145.0014.1%
273
0
150.0018.1%
93
0
155.0022.0%
559
Nearest spot strike Max pain strikeBars show relative OI within this expiry
Volatility Curve
Back-loaded volatility
Longer-dated options carry more implied volatility than the front expiry, so risk is priced farther out.
0.36
7 Aug
7d
0.35
14 Aug
14d
0.36
21 Aug
21d
0.48
28 Aug
28d
0.48
4 Sep
35d
0.45
11 Sep
42d
0.45
18 Sep
49d
0.40
20 Nov
112d
Volatility by Strike
Balanced wings
Comparable upside calls and downside puts carry broadly similar implied volatility.
102
104
106
109
111
113
115
117
120
122
124
126
128
131
133
135
137
139
142
144
150
Put IV Call IV
Historical Replay
How matured reads behaved through expiry
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
Retained chain100%
Implied volatility100%
Two-sided quotes100%
Open interest100%
- Chain status
- Complete available chain
- Market date
- 31 Jul 2026
- Calculation
- v2.0
- Contracts
- 1154 / 1154
- 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
Activity is spread across expirations with heavier open interest than current volume, which can be consistent with position maintenance.
Options pressure and weekly price action are pointing in the same constructive direction.
Multi-expiry position-maintenance candidate matters because it connects the options headline to the actual evidence: $804162 of estimated gross traded notional, puts · 8-21 days · atm, 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+21
1W price+8.4%
Call premium50%
Put premium50%
Notional split
C 50% / P 50%
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
44/100
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.
Puts · 8-21 days · ATM
puts cluster with 383 contracts traded, $164360 estimated gross traded notional, and 20% of visible notional.
$164360
Calls · 8-21 days · OTM
calls cluster with 2137 contracts traded, $80042 estimated gross traded notional, and 10% of visible notional.
$80042
Puts · 91+ days · OTM
puts cluster with 53 contracts traded, $68186 estimated gross traded notional, and 8% of visible notional.
$68186
Calls · 22-45 days · OTM
calls cluster with 276 contracts traded, $60249 estimated gross traded notional, and 7% of visible notional.
$60249
Puts · 8-21 days · OTM
puts cluster with 840 contracts traded, $38946 estimated gross traded notional, and 5% of visible notional.
$38946
Setup Classification
Opportunity and risk frame
The signal is live, but the strongest framework tags are still developing.
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
Close127.05
1W+8.4%
RS-2.5
Fair value+14.3%
Options pressure21
Speculation41
Volatility42
Trend fit44
Today Versus Normal
Stored-options context
30d avg - · 3/10 sessions
-
90d avg - · 3/30 sessions
-
180d avg - · 3/60 sessions
-
30d avg - · 3/10 sessions
-
90d avg - · 3/30 sessions
-
180d avg - · 3/60 sessions
-
30d avg - · 3/10 sessions
-
90d avg - · 3/30 sessions
-
180d avg - · 3/60 sessions
-
30d avg - · 3/10 sessions
-
90d avg - · 3/30 sessions
-
180d avg - · 3/60 sessions
-
Pressure Trail
Recent pressure and volatility
29 Jul 10:16
Bullish
Pressure 40
Move 8.1%
30 Jul 10:12
Bullish
Pressure 61
Move 10.0%
30 Jul 15:01
Mixed
Pressure -11
Move 8.8%
31 Jul 11:56
Bullish
Pressure 40
Move 3.7%
31 Jul 14:03
Mixed
Pressure -10
Move 8.0%
31 Jul 17:18
Mixed
Pressure -4
Move 8.2%
1 Aug 15:28
Bullish
Pressure 21
Move 4.1%
Strike Map
Where activity is clustering
Strike75.00
Calls · V 0 · OI 0
Puts · V 0 · OI 1
Strike80.00
Calls · V 0 · OI 0
Puts · V 11 · OI 0
Strike85.00
Calls · V 0 · OI 0
Puts · V 11 · OI 1
Strike90.00
Calls · V 0 · OI 0
Puts · V 0 · OI 95
Strike95.00
Calls · V 0 · OI 0
Puts · V 0 · OI 36
Strike100.00
Calls · V 0 · OI 0
Puts · V 0 · OI 125
Strike102.00
Calls · V 0 · OI 0
Puts · V 0 · OI 31
Strike103.00
Calls · V 0 · OI 0
Puts · V 0 · OI 18
Term Structure
Expiration activity
Expiry7 Aug 2026
Contracts108
Avg IV0.36
Put-call1.65
Expiry14 Aug 2026
Contracts114
Avg IV0.35
Put-call0.70
Expiry21 Aug 2026
Contracts122
Avg IV0.36
Put-call0.34
Expiry28 Aug 2026
Contracts104
Avg IV0.48
Put-call0.46
Expiry4 Sep 2026
Contracts104
Avg IV0.48
Put-call-
Skew
Call/put IV balance
7 Aug 2026Call IV premium
Call IV0.46
Put IV0.35
Skew-0.12
14 Aug 2026Balanced skew
Call IV0.36
Put IV0.36
Skew-
21 Aug 2026Put IV premium
Call IV0.36
Put IV0.43
Skew0.08
28 Aug 2026Balanced skew
Call IV0.50
Put IV0.48
Skew-0.02
4 Sep 2026Balanced skew
Call IV0.45
Put IV0.49
Skew0.04
Contract Tape
Most active contracts
ContractDG260814C00165000
SideCall
Expiry14 Aug 2026
Strike165.00
Volume647
OI236
IV0.59
ContractDG260821C00142000
SideCall
Expiry21 Aug 2026
Strike142.00
Volume429
OI13
IV0.39
ContractDG260814C00160000
SideCall
Expiry14 Aug 2026
Strike160.00
Volume316
OI49
IV0.59
ContractDG260814C00155000
SideCall
Expiry14 Aug 2026
Strike155.00
Volume283
OI195
IV0.55
ContractDG260814P00130000
SidePut
Expiry14 Aug 2026
Strike130.00
Volume200
OI13
IV0.35
ContractDG260821C00137000
SideCall
Expiry21 Aug 2026
Strike137.00
Volume152
OI71
IV0.36
ContractDG260828C00170000
SideCall
Expiry28 Aug 2026
Strike170.00
Volume121
OI76
IV0.54
ContractDG260814P00100000
SidePut
Expiry14 Aug 2026
Strike100.00
Volume108
OI109
IV0.45
Research Graph
Related research and context
Sharemaestro research
Related News
No recent ticker-specific news yet.
Market Watch
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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.