Ticker Options Intelligence

ZVIA options intelligence

Zevia Pbc options pressure, expected move, strike concentration, and Sharemaestro trend context.

Conviction 59 Market data through 31 Jul 2026 Checked 31 Jul 2026 22:52 · complete available chain

Volatility expansion watch

Volatility pressure

ZVIA currently carries volatility options pressure with a 59/100 conviction score. The nearest-chain expected move is 56.7%, 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 Volatility

Volatility expansion watch

Expected move 56.7%

Wider near-term move priced

Activity / OI 0.11

Current volume is quieter versus prior open interest

Put-call 2.91

Put-side skew

Trend fit 96

Options agree with trend context

Weekly backdrop -11.8%

RS -31.0

Expected move 56.7%
Put-call volume 2.91
Volume / OI 0.11
Reference IV 1.65
Max pain 1.50
Underlying 1.50
Nearest expiry 21 Aug 2026
Contracts 32

Research Brief

ZVIA has a volatility chain read with 59/100 evidence alignment.

The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 0.65–2.35; The largest call open-interest concentration is 2.50; the largest put concentration is 1.00. The most active strike by current volume is 1.00.

Priced range0.65–2.35
Call concentration2.50
Put concentration1.00
Max pain reference1.50
What would confirm it
  • A clear directional pressure reading develops and price begins to agree.
  • The current chain read already agrees with the stored weekly trend context.
What would weaken it
  • Volatility falls and the chain remains directionally mixed.
  • 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 0.65 to 2.35. Max pain at 1.50 sits inside that range, 0.0% from spot.

Spot Max pain
0.651.50 ± 0.852.35
Confirmation level

A close beyond 2.35 or below 0.65 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 59/100

Evidence alignment, not probability

Pressure is 41/100 toward puts; conviction uses its strength, while the signal label carries its direction.

Directional pressure41 × 42%
+17.1

How strongly activity leans toward calls or puts.

Participation35 × 22%
+7.6

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

Trend agreement96 × 26%
+24.9

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 score59.2Matches stored calculation

Positioning by Strike

Where open interest and current activity concentrate

Full strike map

The largest call open-interest concentration is 2.50; the largest put concentration is 1.00. The most active strike by current volume is 1.00. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.

Put open interestStrikeCall open interest
8
0.50-66.7%
0
200
1.00-33.3%
64
50
1.500.0%
226
17
2.0033.3%
282
30
2.5066.7%
601
0
5.00233.3%
0
0
7.50400.0%
0
Nearest spot strike Max pain strikeBars show relative OI within this expiry

Volatility Curve

Front-loaded volatility

1.58× front/back

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

2.14 21 Aug 21d
1.78 18 Sep 49d
1.70 20 Nov 112d
1.35 19 Feb 203d

Volatility by Strike

Smile incomplete

Nearest expiry, within 20% of spot

There is not enough comparable OTM call and put volatility to classify the smile.

2
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

A95/100
Retained chain100%
Implied volatility100%
Two-sided quotes97%
Open interest100%
Chain status
Complete available chain
Market date
31 Jul 2026
Calculation
v2.0
Contracts
32 / 32
  • 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

93/100
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 Volatility flow versus price

Options are pricing movement more than direction; compare expected move with the stock's actual weekly change.

Why this matters

Earnings/event positioning matters because it connects the options headline to the actual evidence: $8874 of estimated gross traded notional, calls · 91+ days · itm, and a volatility flow versus price backdrop. Use it as a research priority signal, then validate the chart, liquidity, event calendar, and risk before acting.

Options pressure-41
1W price-11.8%
Call premium45%
Put premium55%
Notional split C 45% / P 55% 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 96/100 Agreement between options pressure and Sharemaestro market context.
Event window 5 Aug Matched earnings event is 4 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 · ITM
Calls · 91+ days · ITM calls cluster with 20 contracts traded, $1825 estimated gross traded notional, and 21% of visible notional.
$1825
Calls · 91+ days · OTM calls cluster with 57 contracts traded, $1671 estimated gross traded notional, and 19% of visible notional.
$1671
Puts · 8-21 days · ITM puts cluster with 17 contracts traded, $1458 estimated gross traded notional, and 16% of visible notional.
$1458
Puts · 8-21 days · OTM puts cluster with 181 contracts traded, $1450 estimated gross traded notional, and 16% of visible notional.
$1450
Puts · 91+ days · ITM puts cluster with 3 contracts traded, $1135 estimated gross traded notional, and 13% of visible notional.
$1135

Setup Classification

Opportunity and risk frame

Context, not advice
Positive Options-confirmed trend

Positioning agrees with the Sharemaestro trend backdrop.

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.

Warning Crowded strike risk

Underlying price is close to the max-pain zone.

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
Close1.50
1W-11.8%
RS-31.0
Fair value-25.0%
Options pressure-41
Speculation35
Volatility96
Trend fit96

Today Versus Normal

Stored-options context

View history
Expected move 56.7% history building
30d avg - · 3/10 sessions -
90d avg - · 3/30 sessions -
180d avg - · 3/60 sessions -
IV 1.65 history building
30d avg - · 3/10 sessions -
90d avg - · 3/30 sessions -
180d avg - · 3/60 sessions -
Put-call 2.91 history building
30d avg - · 2/10 sessions -
90d avg - · 2/30 sessions -
180d avg - · 2/60 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 11:45 Volatility
Pressure 92
Move 24.4%
30 Jul 05:17 Mixed
Pressure 8
Move 34.0%
31 Jul 10:14 Bullish
Pressure 58
Move 43.9%
31 Jul 14:47 Volatility
Pressure -40
Move 41.7%
31 Jul 17:36 Volatility
Pressure -41
Move 41.7%
31 Jul 21:52 Volatility
Pressure -41
Move 56.7%

Strike Map

Where activity is clustering

Full strike map
Strike0.50
Calls · V 1 · OI 0
Puts · V 1 · OI 8
Strike1.00
Calls · V 3 · OI 64
Puts · V 180 · OI 200
Strike1.50
Calls · V 1 · OI 226
Puts · V 0 · OI 50
Strike2.00
Calls · V 2 · OI 282
Puts · V 16 · OI 17
Strike2.50
Calls · V 1 · OI 601
Puts · V 1 · OI 30
Strike5.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike7.50
Calls · V 2 · OI 0
Puts · V 0 · OI 0

Term Structure

Expiration activity

Volume and IV
Expiry21 Aug 2026
Contracts12
Avg IV2.14
Put-call19.80
Expiry18 Sep 2026
Contracts1
Avg IV1.78
Put-call-
Expiry20 Nov 2026
Contracts12
Avg IV1.70
Put-call1.00
Expiry19 Feb 2027
Contracts7
Avg IV1.35
Put-call0.04

Skew

Call/put IV balance

OTM demand
21 Aug 2026Put IV premium
Call IV2.20
Put IV2.38
Skew0.17
18 Sep 2026Incomplete skew
Call IV-
Put IV1.78
Skew-
20 Nov 2026Put IV premium
Call IV0.90
Put IV1.74
Skew0.84
19 Feb 2027Put IV premium
Call IV0.89
Put IV1.30
Skew0.41

Contract Tape

Most active contracts

Full contract tape
ContractZVIA270219P00001000
SidePut
Expiry19 Feb 2027
Strike1.00
Volume-
OI100
IV3.47
ContractZVIA260821P00001500
SidePut
Expiry21 Aug 2026
Strike1.50
Volume-
OI50
IV2.38
ContractZVIA261120P00002500
SidePut
Expiry20 Nov 2026
Strike2.50
Volume-
OI20
IV0.89
ContractZVIA270219C00001500
SideCall
Expiry19 Feb 2027
Strike1.50
Volume-
OI5
IV0.89
ContractZVIA270219C00001000
SideCall
Expiry19 Feb 2027
Strike1.00
Volume-
OI1
IV0.68
ContractZVIA270219P00002500
SidePut
Expiry19 Feb 2027
Strike2.50
Volume-
OI1
IV1.07
ContractZVIA260821C00005000
SideCall
Expiry21 Aug 2026
Strike5.00
Volume-
OI-
IV0.50
ContractZVIA260821P00001000
SidePut
Expiry21 Aug 2026
Strike1.00
Volume180
OI200
IV1.69