Primary read
Volatility
Volatility expansion watch
Ticker Options Intelligence
VRT options intelligence
Vertiv Holdings Co options pressure, expected move, strike concentration, and Sharemaestro trend context.
Conviction
49
Market data through 30 Jul 2026
Checked 31 Jul 2026 11:00 · partial chain
Volatility expansion watch
Volatility pressure
VRT currently carries volatility options pressure with a 49/100 conviction score. The nearest-chain expected move is 21.7%, with volume/open-interest participation at 0.13.
Expected move
21.7%
Wider near-term move priced
Activity / OI
0.13
Current volume is quieter versus prior open interest
Put-call
1.57
Put-side skew
Trend fit
76
Options agree with trend context
Weekly backdrop
-16.8%
RS -0.1
Expected move
21.7%
Put-call volume
1.57
Volume / OI
0.13
Reference IV
1.71
Max pain
255.00
Underlying
290.36
Nearest expiry
31 Jul 2026
Contracts
2000
Research Brief
VRT has a volatility chain read with 49/100 evidence alignment.
The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 227.33–353.39; The largest call open-interest concentration is 360.00; the largest put concentration is 245.00. The most active strike by current volume is 270.00.
Priced range227.33–353.39
Call concentration360.00
Put concentration245.00
Max pain reference255.00
- A clear directional pressure reading develops and price begins to agree.
- The current chain read already agrees with the stored weekly trend context.
- 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
Options imply 227.33 to 353.39. Max pain at 255.00 sits inside that range, 12.2% below spot.
Spot
Max pain
227.33290.36 ± 63.03353.39
Confirmation level
A close beyond 353.39 or below 227.33 at the 31 Jul 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 49/100
Pressure is 24/100 toward puts; conviction uses its strength, while the signal label carries its direction.
Directional pressure24 × 42%
+9.9
How strongly activity leans toward calls or puts.
Participation43 × 22%
+9.5
Volume relative to existing open interest and contract-level activity.
Trend agreement76 × 26%
+19.7
How closely the chain read agrees with the underlying trend backdrop.
Volatility96 × 10%
+9.6
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 360.00; the largest put concentration is 245.00. The most active strike by current volume is 270.00. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.
Put open interestStrikeCall open interest
784
200.00-31.1%
14
671
210.00-27.7%
52
404
215.00-26.0%
106
1313
220.00-24.2%
20
1304
225.00-22.5%
242
353
227.50-21.6%
189
1154
230.00-20.8%
296
665
235.00-19.1%
281
575
240.00-17.3%
472
2078
245.00-15.6%
142
780
250.00-13.9%
449
508
255.00-12.2%
870
436
260.00-10.5%
445
1461
270.00-7.0%
690
4
310.006.8%
772
0
330.0013.7%
792
0
360.0024.0%
2586
Nearest spot strike Max pain strikeBars show relative OI within this expiry
Volatility Curve
Front-loaded volatility
Near-term options are materially richer than later expirations, consistent with concentrated event or immediate-risk pricing.
1.71
31 Jul
1d
0.80
7 Aug
8d
0.69
14 Aug
15d
0.74
21 Aug
22d
0.71
28 Aug
29d
0.70
4 Sep
36d
0.69
11 Sep
43d
0.69
18 Sep
50d
Volatility by Strike
Upside optionality premium
Out-of-the-money calls carry higher implied volatility than comparable puts, indicating richer upside optionality.
233
238
245
250
255
263
268
273
278
285
290
295
303
308
313
318
325
330
335
343
348
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
Usable with limits
Retained chain90%
Implied volatility100%
Two-sided quotes100%
Open interest100%
- Chain status
- Retained chain subset
- Market date
- 30 Jul 2026
- Calculation
- v2.0
- Contracts
- 2000 / 2218
- 90% of provider contracts were retained for this snapshot.
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
Volatility expansion bet
The strongest message is movement risk: expected move and implied volatility are carrying more signal than direction.
Options are pricing movement more than direction; compare expected move with the stock's actual weekly change.
Volatility expansion bet matters because it connects the options headline to the actual evidence: $113.0M of estimated gross traded notional, puts · 8-21 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-24
1W price-16.8%
Call premium19%
Put premium81%
Notional split
C 19% / P 81%
Estimated gross traded notional uses volume × contract multiplier × midpoint, or last price when no valid midpoint is available.
Freshness
0.13
Volume divided by open interest across the visible chain.
Trend fit
76/100
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.
Puts · 8-21 days · ITM
puts cluster with 4445 contracts traded, $47.1M estimated gross traded notional, and 42% of visible notional.
$47.1M
Puts · 0-7 days · OTM
puts cluster with 12946 contracts traded, $18.9M estimated gross traded notional, and 17% of visible notional.
$18.9M
Calls · 91+ days · ITM
calls cluster with 2221 contracts traded, $9.0M estimated gross traded notional, and 8% of visible notional.
$9.0M
Puts · 91+ days · OTM
puts cluster with 4269 contracts traded, $8.3M estimated gross traded notional, and 7% of visible notional.
$8.3M
Puts · 8-21 days · OTM
puts cluster with 8728 contracts traded, $6.5M estimated gross traded notional, and 6% of visible notional.
$6.5M
Setup Classification
Opportunity and risk frame
Positioning agrees with the Sharemaestro trend backdrop.
The tape is pricing or displaying unusually elevated activity.
Expected move or upcoming earnings makes the setup more event-sensitive.
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
Close241.57
1W-16.8%
RS-0.1
Fair value+83.8%
Options pressure-24
Speculation43
Volatility96
Trend fit76
Today Versus Normal
Stored-options context
30d avg - · 2/10 sessions
-
90d avg - · 2/30 sessions
-
180d avg - · 2/60 sessions
-
30d avg - · 2/10 sessions
-
90d avg - · 2/30 sessions
-
180d avg - · 2/60 sessions
-
30d avg - · 2/10 sessions
-
90d avg - · 2/30 sessions
-
180d avg - · 2/60 sessions
-
30d avg - · 2/10 sessions
-
90d avg - · 2/30 sessions
-
180d avg - · 2/60 sessions
-
Pressure Trail
Recent pressure and volatility
29 Jul 10:01
Volatility
Pressure 2
Move 11.4%
30 Jul 10:01
Volatility
Pressure -18
Move 23.0%
31 Jul 10:00
Volatility
Pressure -24
Move 21.7%
Strike Map
Where activity is clustering
Strike115.00
Calls · V 2 · OI 0
Puts · V 5 · OI 0
Strike120.00
Calls · V 2 · OI 0
Puts · V 0 · OI 0
Strike125.00
Calls · V 2 · OI 0
Puts · V 0 · OI 0
Strike130.00
Calls · V 2 · OI 0
Puts · V 0 · OI 0
Strike135.00
Calls · V 0 · OI 0
Puts · V 2 · 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 0
Term Structure
Expiration activity
Expiry31 Jul 2026
Contracts218
Avg IV1.71
Put-call1.26
Expiry7 Aug 2026
Contracts222
Avg IV0.80
Put-call1.66
Expiry14 Aug 2026
Contracts200
Avg IV0.69
Put-call4.05
Expiry21 Aug 2026
Contracts158
Avg IV0.74
Put-call4.84
Expiry28 Aug 2026
Contracts138
Avg IV0.71
Put-call0.31
Skew
Call/put IV balance
31 Jul 2026Call IV premium
Call IV1.62
Put IV0.92
Skew-0.70
7 Aug 2026Put IV premium
Call IV0.63
Put IV0.86
Skew0.23
14 Aug 2026Call IV premium
Call IV0.97
Put IV0.79
Skew-0.19
21 Aug 2026Balanced skew
Call IV0.78
Put IV0.75
Skew-0.03
28 Aug 2026Balanced skew
Call IV0.71
Put IV0.74
Skew0.03
Contract Tape
Most active contracts
ContractVRT260821P00210000
SidePut
Expiry21 Aug 2026
Strike210.00
Volume4039
OI24611
IV0.74
ContractVRT260821P00330000
SidePut
Expiry21 Aug 2026
Strike330.00
Volume3170
OI2112
IV0.86
ContractVRT260731P00270000
SidePut
Expiry31 Jul 2026
Strike270.00
Volume2282
OI1461
IV2.08
ContractVRT260814P00185000
SidePut
Expiry14 Aug 2026
Strike185.00
Volume1650
OI1016
IV0.89
ContractVRT260807P00215000
SidePut
Expiry7 Aug 2026
Strike215.00
Volume1318
OI88
IV0.81
ContractVRT260807P00200000
SidePut
Expiry7 Aug 2026
Strike200.00
Volume1198
OI345
IV0.83
ContractVRT260918C00270000
SideCall
Expiry18 Sep 2026
Strike270.00
Volume1128
OI1588
IV0.66
ContractVRT261120C00250000
SideCall
Expiry20 Nov 2026
Strike250.00
Volume1019
OI1266
IV0.71
Research Graph
Related research and context
Sharemaestro research
Related News
Market Watch
No recent market-watch posts yet.
Earnings
No upcoming matched earnings event.
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.