Primary read
Bearish
Put-side pressure
Ticker Options Intelligence
TFIN options intelligence
Triumph Financial, Inc. options pressure, expected move, strike concentration, and Sharemaestro trend context.
Conviction
41
Market data through 11 Aug 2026
Checked 11 Aug 2026 18:02 · complete available chain
Put-side pressure
Bearish pressure
TFIN currently carries bearish options pressure with a 41/100 conviction score. The nearest-chain expected move is 6.8%, with volume/open-interest participation at 0.16.
Expected move
6.8%
Wider near-term move priced
Activity / OI
0.16
Current volume is quieter versus prior open interest
Put-call
2.16
Put-side skew
Trend fit
75
Options agree with trend context
Weekly backdrop
+0.1%
RS 7.5
Expected move
6.8%
Put-call volume
2.16
Volume / OI
0.16
Reference IV
0.66
Max pain
70.00
Underlying
76.01
Nearest expiry
21 Aug 2026
Contracts
43
Research Brief
TFIN has a bearish chain read with 41/100 evidence alignment.
The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 70.81–81.21; The largest call open-interest concentration is 90.00; the largest put concentration is 70.00. The most active strike by current volume is 50.00.
Priced range70.81–81.21
Call concentration90.00
Put concentration70.00
Max pain reference70.00
- Price remains weak while put-side concentration persists.
- The current chain read already agrees with the stored weekly trend context.
- Participation is above the ticker's stored normal, which makes the read more noteworthy.
- Price recovers while put pressure fades or reverses toward calls.
- 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 70.81 to 81.21. Max pain at 70.00 lies outside the priced range, so it is a weak near-term anchor.
Spot
Max pain
70.8176.01 ± 5.2081.21
Confirmation level
A close beyond 81.21 or below 70.81 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 41/100
Pressure is 28/100 toward puts; conviction uses its strength, while the signal label carries its direction.
Directional pressure28 × 42%
+11.7
How strongly activity leans toward calls or puts.
Participation12 × 22%
+2.7
Volume relative to existing open interest and contract-level activity.
Trend agreement75 × 26%
+19.6
How closely the chain read agrees with the underlying trend backdrop.
Volatility74 × 10%
+7.4
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 90.00; the largest put concentration is 70.00. The most active strike by current volume is 50.00. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.
Put open interestStrikeCall open interest
0
45.00-40.8%
50
0
50.00-34.2%
0
41
55.00-27.6%
0
141
60.00-21.1%
0
40
65.00-14.5%
100
341
70.00-7.9%
808
20
75.00-1.3%
35
96
80.005.2%
1887
0
85.0011.8%
4
0
90.0018.4%
2010
0
95.0025.0%
12
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+$845,255Delta change / 1% move
Positive peak80.00+$444,857
Negative peak55.00-$29,437
Nearest balance64.07Interpolated sign change
StrikeNegativePositiveNet / 1% move
30.00-60.5%
-$93
45.00-40.8%
+$0
55.00-27.6%
-$29,437
60.00-21.1%
-$23,537
65.00-14.5%
+$5,371
70.00-7.9%
+$73,220
75.00-1.3%
+$30,593
80.005.2%
+$444,857
85.0011.8%
+$31,334
90.0018.4%
+$261,042
95.0025.0%
+$44,778
100.0031.6%
+$147
105.0038.1%
+$6,670
110.0044.7%
+$160
115.0051.3%
+$100
120.0057.9%
+$49
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
Front-loaded volatility
Near-term options are materially richer than later expirations, consistent with concentrated event or immediate-risk pricing.
0.66
21 Aug
10d
0.58
18 Sep
38d
0.55
20 Nov
101d
0.52
19 Feb
192d
Volatility by Strike
Balanced wings
Comparable upside calls and downside puts carry broadly similar implied volatility.
65
70
75
80
85
90
Put IV Call IV
Historical Replay
How matured reads behaved through expiry
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
- Auditable calculationoriginal version retained
- Independent entryone read per market session
- Point-in-time referencerequired at entry
- Matched expiry closereported only after maturity
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
- 43 / 43
- 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
Put-heavy activity
Put-side activity dominates. This can reflect hedging or directional positioning, but the chain alone cannot distinguish buying from selling.
Put-side pressure is present before a decisive weekly price breakdown.
Put-heavy activity matters because it connects the options headline to the actual evidence: $496,794 of estimated gross traded notional, calls · 8-21 days · itm, and a bearish flow before price confirmation backdrop. Use it as a research priority signal, then validate the chart, liquidity, event calendar, and risk before acting.
Options pressure-28
1W price+0.1%
Call premium66%
Put premium34%
Notional split
C 66% / P 34%
Estimated gross traded notional uses volume × contract multiplier × midpoint, or last price when no valid midpoint is available.
Freshness
0.16
Volume divided by open interest across the visible chain.
Trend fit
75/100
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.
Calls · 8-21 days · ITM
calls cluster with 118 contracts traded, $162,405 estimated gross traded notional, and 33% of visible notional.
$162,405
Calls · 91+ days · OTM
calls cluster with 286 contracts traded, $142,318 estimated gross traded notional, and 29% of visible notional.
$142,318
Puts · 91+ days · OTM
puts cluster with 644 contracts traded, $95,200 estimated gross traded notional, and 19% of visible notional.
$95,200
Puts · 91+ days · ATM
puts cluster with 59 contracts traded, $45,935 estimated gross traded notional, and 9% of visible notional.
$45,935
Puts · 8-21 days · OTM
puts cluster with 239 contracts traded, $21,187 estimated gross traded notional, and 4% of visible notional.
$21,187
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
High anomaly
Current options activity is unusually hot versus this ticker's stored history.
Baseline: 10 completed sessions
Volume rank100th
Volume/OI rank100th
IV rank100th
Market Context
Underlying confirmation
Close76.01
1W+0.1%
RS7.5
Fair value+8.7%
Options pressure-28
Speculation12
Volatility74
Trend fit75
Today Versus Normal
Stored-options context
30d avg 7.6% · 10 sessions
30th
90d avg - · 10/30 sessions
-
180d avg - · 10/60 sessions
-
30d avg 0.45 · 10 sessions
100th
90d avg - · 10/30 sessions
-
180d avg - · 10/60 sessions
-
30d avg - · 6/10 sessions
-
90d avg - · 6/30 sessions
-
180d avg - · 6/60 sessions
-
30d avg 0.02 · 10 sessions
100th
90d avg - · 10/30 sessions
-
180d avg - · 10/60 sessions
-
Pressure Trail
Recent pressure and volatility
29 Jul 11:04
Bearish
Pressure -93
Move 7.9%
30 Jul 10:52
Bullish
Pressure 57
Move 8.2%
31 Jul 12:15
Bullish
Pressure 100
Move 7.9%
31 Jul 13:50
Bearish
Pressure -42
Move 11.3%
31 Jul 17:30
Bearish
Pressure -42
Move 7.8%
4 Aug 10:13
Bullish
Pressure 100
Move 8.0%
5 Aug 10:45
Bullish
Pressure 52
Move 9.6%
6 Aug 10:54
Bullish
Pressure 100
Move 8.2%
Strike Map
Where activity is clustering
Strike45.00
Calls · V 15 · OI 50
Puts · V 0 · OI 0
Strike50.00
Calls · V 0 · OI 0
Puts · V 169 · OI 0
Strike55.00
Calls · V 0 · OI 0
Puts · V 0 · OI 41
Strike60.00
Calls · V 0 · OI 0
Puts · V 20 · OI 141
Strike65.00
Calls · V 100 · OI 100
Puts · V 10 · OI 40
Strike70.00
Calls · V 3 · OI 808
Puts · V 40 · OI 341
Strike75.00
Calls · V 18 · OI 35
Puts · V 20 · OI 20
Strike80.00
Calls · V 1 · OI 1887
Puts · V 4 · OI 96
Term Structure
Expiration activity
Expiry21 Aug 2026
Contracts15
Avg IV0.66
Put-call1.73
Expiry18 Sep 2026
Contracts2
Avg IV0.58
Put-call-
Expiry20 Nov 2026
Contracts18
Avg IV0.55
Put-call43.07
Expiry19 Feb 2027
Contracts8
Avg IV0.52
Put-call0.20
Skew
Call/put IV balance
21 Aug 2026Call IV premium
Call IV0.69
Put IV0.60
Skew-0.09
18 Sep 2026Balanced skew
Call IV0.56
Put IV0.59
Skew0.03
20 Nov 2026Balanced skew
Call IV0.53
Put IV0.57
Skew0.04
19 Feb 2027Balanced skew
Call IV0.51
Put IV0.46
Skew-0.05
Contract Tape
Most active contracts
ContractTFIN260918C00095000
SideCall
Expiry18 Sep 2026
Strike95.00
Volume-
OI500
IV0.56
ContractTFIN261120P00085000
SidePut
Expiry20 Nov 2026
Strike85.00
Volume-
OI300
IV0.49
ContractTFIN260821P00055000
SidePut
Expiry21 Aug 2026
Strike55.00
Volume-
OI41
IV2.03
ContractTFIN261120C00050000
SideCall
Expiry20 Nov 2026
Strike50.00
Volume-
OI15
IV0.00
ContractTFIN261120P00030000
SidePut
Expiry20 Nov 2026
Strike30.00
Volume-
OI10
IV1.15
ContractTFIN270219C00080000
SideCall
Expiry19 Feb 2027
Strike80.00
Volume-
OI5
IV0.51
ContractTFIN270219C00115000
SideCall
Expiry19 Feb 2027
Strike115.00
Volume-
OI1
IV0.57
ContractTFIN270219C00120000
SideCall
Expiry19 Feb 2027
Strike120.00
Volume-
OI1
IV0.58
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.