Primary read
Volatility
Volatility expansion watch
Ticker Options Intelligence
SOGP options intelligence
Sound Group Inc. options pressure, expected move, strike concentration, and Sharemaestro trend context.
Conviction
47
Market data through 30 Jul 2026
Checked 31 Jul 2026 06:18 · complete available chain
Volatility expansion watch
Volatility pressure
SOGP currently carries volatility options pressure with a 47/100 conviction score. The nearest-chain expected move is 19.6%, with volume/open-interest participation at 0.01.
Expected move
19.6%
Wider near-term move priced
Activity / OI
0.01
Current volume is quieter versus prior open interest
Put-call
0.09
Call-side skew
Trend fit
0
Options are not fully confirming trend
Weekly backdrop
+9.5%
RS -15.5
Expected move
19.6%
Put-call volume
0.09
Volume / OI
0.01
Reference IV
0.80
Max pain
10.00
Underlying
11.00
Nearest expiry
21 Aug 2026
Contracts
100
Research Brief
SOGP has a volatility chain read with 47/100 evidence alignment.
The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 8.84–13.16; The largest call open-interest concentration is 10.00; the largest put concentration is 7.50. The most active strike by current volume is 22.50.
Priced range8.84–13.16
Call concentration10.00
Put concentration7.50
Max pain reference10.00
- A clear directional pressure reading develops and price begins to agree.
- Volatility falls and the chain remains directionally mixed.
- Options and the weekly trend are not yet giving the same message.
Priced Move
Where the chain says movement becomes exceptional
Options imply 8.84 to 13.16. Max pain at 10.00 sits inside that range, 9.1% below spot.
Spot
Max pain
8.8411.00 ± 2.1613.16
Confirmation level
A close beyond 13.16 or below 8.84 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 47/100
Pressure is 87/100 toward calls; conviction uses its strength, while the signal label carries its direction.
Directional pressure87 × 42%
+36.6
How strongly activity leans toward calls or puts.
Participation2 × 22%
+0.5
Volume relative to existing open interest and contract-level activity.
Trend agreement0 × 26%
+0.0
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 10.00; the largest put concentration is 7.50. 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
13
2.50-77.3%
0
17
5.00-54.5%
0
20
7.50-31.8%
0
20
10.00-9.1%
101
1
12.5013.6%
45
0
15.0036.4%
5
1
17.5059.1%
0
0
20.0081.8%
0
0
22.50104.5%
45
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.
0.80
21 Aug
22d
1.16
18 Sep
50d
1.01
16 Oct
78d
0.98
15 Jan
169d
Volatility by Strike
Downside protection premium
Out-of-the-money puts carry higher implied volatility than comparable calls, indicating richer downside protection.
10
13
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
- 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 chain100%
Implied volatility100%
Two-sided quotes100%
Open interest100%
- Chain status
- Complete available chain
- Market date
- 30 Jul 2026
- Calculation
- v2.0
- Contracts
- 100 / 100
- 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
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: $2245 of estimated gross traded notional, calls · 91+ days · otm, 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+87
1W price+9.5%
Call premium93%
Put premium7%
Notional split
C 93% / P 7%
Estimated gross traded notional uses volume × contract multiplier × midpoint, or last price when no valid midpoint is available.
Freshness
0.01
Volume divided by open interest across the visible chain.
Trend fit
0/100
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 · 91+ days · OTM
calls cluster with 8 contracts traded, $1182 estimated gross traded notional, and 53% of visible notional.
$1182
Calls · 91+ days · ITM
calls cluster with 2 contracts traded, $875 estimated gross traded notional, and 39% of visible notional.
$875
Puts · 46-90 days · ITM
puts cluster with 1 contracts traded, $165 estimated gross traded notional, and 7% of visible notional.
$165
Calls · 8-21 days · OTM
calls cluster with 1 contracts traded, $22 estimated gross traded notional, and 1% of visible notional.
$22
Setup Classification
Opportunity and risk frame
The tape is pricing or displaying unusually elevated activity.
Expected move or upcoming earnings makes the setup more event-sensitive.
Options positioning is not confirming the underlying trend context.
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
Close12.04
1W+9.5%
RS-15.5
Fair value+101.6%
Options pressure87
Speculation2
Volatility96
Trend fit0
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 11:48
Mixed
Pressure -9
Move 28.1%
30 Jul 11:25
Volatility
Pressure -39
Move 29.0%
31 Jul 05:18
Volatility
Pressure 87
Move 19.6%
Strike Map
Where activity is clustering
Strike2.50
Calls · V 0 · OI 0
Puts · V 0 · OI 13
Strike5.00
Calls · V 0 · OI 0
Puts · V 0 · OI 17
Strike7.50
Calls · V 0 · OI 0
Puts · V 0 · OI 20
Strike10.00
Calls · V 0 · OI 101
Puts · V 0 · OI 20
Strike12.50
Calls · V 0 · OI 45
Puts · V 0 · OI 1
Strike15.00
Calls · V 0 · OI 5
Puts · V 0 · OI 0
Strike17.50
Calls · V 0 · OI 0
Puts · V 0 · OI 1
Strike20.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Term Structure
Expiration activity
Expiry21 Aug 2026
Contracts18
Avg IV0.80
Put-call-
Expiry18 Sep 2026
Contracts16
Avg IV1.16
Put-call-
Expiry16 Oct 2026
Contracts44
Avg IV1.01
Put-call-
Expiry15 Jan 2027
Contracts22
Avg IV0.98
Put-call-
Skew
Call/put IV balance
21 Aug 2026Call IV premium
Call IV1.77
Put IV0.38
Skew-1.40
18 Sep 2026Put IV premium
Call IV0.95
Put IV2.15
Skew1.20
16 Oct 2026Put IV premium
Call IV1.10
Put IV1.77
Skew0.67
15 Jan 2027Put IV premium
Call IV0.96
Put IV1.21
Skew0.24
Contract Tape
Most active contracts
ContractSOGP270115C00017500
SideCall
Expiry15 Jan 2027
Strike17.50
Volume6
OI150
IV0.78
ContractSOGP260821C00022500
SideCall
Expiry21 Aug 2026
Strike22.50
Volume1
OI45
IV1.77
ContractSOGP261016P00011330
SidePut
Expiry16 Oct 2026
Strike11.33
Volume1
OI34
IV0.93
ContractSOGP270115C00015000
SideCall
Expiry15 Jan 2027
Strike15.00
Volume1
OI19
IV1.07
ContractSOGP270115C00012500
SideCall
Expiry15 Jan 2027
Strike12.50
Volume1
OI14
IV0.93
ContractSOGP270115C00010000
SideCall
Expiry15 Jan 2027
Strike10.00
Volume1
OI10
IV0.82
ContractSOGP270115C00007500
SideCall
Expiry15 Jan 2027
Strike7.50
Volume1
OI4
IV0.83
ContractSOGP270115C00025000
SideCall
Expiry15 Jan 2027
Strike25.00
Volume-
OI387
IV0.91
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
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.