Primary read
Mixed
Options-market disagreement
Ticker Options Intelligence
NVTS options intelligence
Navitas Semiconductor Corp options pressure, expected move, strike concentration, and Sharemaestro trend context.
Conviction
34
Market data through 31 Jul 2026
Checked 1 Aug 2026 15:03 · complete available chain
Options-market disagreement
Mixed pressure
NVTS currently carries mixed options pressure with a 34/100 conviction score. The nearest-chain expected move is 13.0%, with volume/open-interest participation at 0.08.
Expected move
13.0%
Wider near-term move priced
Activity / OI
0.08
Current volume is quieter versus prior open interest
Put-call
1.12
Balanced tape
Trend fit
58
Options are not fully confirming trend
Weekly backdrop
-0.5%
RS -11.9
Expected move
13.0%
Put-call volume
1.12
Volume / OI
0.08
Reference IV
1.16
Max pain
11.50
Underlying
10.86
Nearest expiry
7 Aug 2026
Contracts
842
Research Brief
NVTS has a mixed chain read with 34/100 evidence alignment.
The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 9.45–12.27; The largest call open-interest concentration is 15.00; the largest put concentration is 11.00. The most active strike by current volume is 12.00.
Priced range9.45–12.27
Call concentration15.00
Put concentration11.00
Max pain reference11.50
- 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 9.45 to 12.27. Max pain at 11.50 sits inside that range, 5.9% above spot.
Spot
Max pain
9.4510.86 ± 1.4112.27
Confirmation level
A close beyond 12.27 or below 9.45 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 34/100
Pressure is 2/100 toward calls; conviction uses its strength, while the signal label carries its direction.
Directional pressure2 × 42%
+0.7
How strongly activity leans toward calls or puts.
Participation42 × 22%
+9.2
Volume relative to existing open interest and contract-level activity.
Trend agreement58 × 26%
+15.0
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 15.00; the largest put concentration is 11.00. The most active strike by current volume is 12.00. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.
Put open interestStrikeCall open interest
141
8.50-21.7%
2
166
9.00-17.1%
87
601
10.00-7.9%
174
131
10.50-3.3%
125
723
11.001.3%
1106
59
11.505.9%
400
441
12.0010.5%
598
15
12.5015.1%
889
243
13.0019.7%
1510
104
13.5024.3%
657
187
14.0028.9%
4674
66
14.5033.5%
423
71
15.0038.1%
14234
140
17.0056.5%
272
14
19.5079.6%
1955
27
20.0084.2%
418
6
21.0093.4%
1602
Nearest spot strike Max pain strikeBars show relative OI within this expiry
Volatility Curve
Balanced volatility curve
Near- and longer-dated implied volatility are broadly aligned; no exceptional front-expiry premium is visible.
1.16
7 Aug
7d
1.19
14 Aug
14d
1.17
21 Aug
21d
1.16
28 Aug
28d
1.15
4 Sep
35d
1.13
11 Sep
42d
1.12
18 Sep
49d
1.16
18 Dec
140d
Volatility by Strike
Downside protection premium
Out-of-the-money puts carry higher implied volatility than comparable calls, indicating richer downside protection.
9
10
10
11
11
12
12
13
13
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
- 842 / 842
- 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
Options activity is concentrated around a live event window, so the cleanest read is event positioning rather than pure direction.
The options read is mixed, so divergence is not strong enough to classify.
Earnings/event positioning matters because it connects the options headline to the actual evidence: $4.0M of estimated gross traded notional, puts · 46-90 days · otm, and a no clean flow/price divergence backdrop. Use it as a research priority signal, then validate the chart, liquidity, event calendar, and risk before acting.
Options pressure+2
1W price-0.5%
Call premium58%
Put premium42%
Notional split
C 58% / P 42%
Estimated gross traded notional uses volume × contract multiplier × midpoint, or last price when no valid midpoint is available.
Freshness
0.08
Volume divided by open interest across the visible chain.
Trend fit
58/100
Agreement between options pressure and Sharemaestro market context.
Event window
3 Aug
Matched earnings event is 2 days away.
Aggregate chain data does not identify trade aggressor or opening versus closing activity; call/put concentration is not proof of market direction.
Puts · 46-90 days · OTM
puts cluster with 15002 contracts traded, $836000 estimated gross traded notional, and 21% of visible notional.
$836000
Calls · 8-21 days · ITM
calls cluster with 4081 contracts traded, $594384 estimated gross traded notional, and 15% of visible notional.
$594384
Calls · 91+ days · ITM
calls cluster with 664 contracts traded, $425720 estimated gross traded notional, and 11% of visible notional.
$425720
Calls · 91+ days · OTM
calls cluster with 2695 contracts traded, $410811 estimated gross traded notional, and 10% of visible notional.
$410811
Calls · 8-21 days · ATM
calls cluster with 3141 contracts traded, $362662 estimated gross traded notional, and 9% of visible notional.
$362662
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.
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
Close10.86
1W-0.5%
RS-11.9
Fair value+55.9%
Options pressure2
Speculation42
Volatility96
Trend fit58
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 10:34
Bullish
Pressure 43
Move 12.5%
30 Jul 10:31
Volatility
Pressure 84
Move 13.4%
31 Jul 09:21
Bullish
Pressure 58
Move 6.0%
31 Jul 13:56
Bullish
Pressure 20
Move 5.2%
1 Aug 14:03
Mixed
Pressure 2
Move 13.0%
Strike Map
Where activity is clustering
Strike1.00
Calls · V 2 · OI 61
Puts · V 0 · OI 0
Strike2.00
Calls · V 13 · OI 5
Puts · V 0 · OI 2
Strike3.00
Calls · V 2 · OI 2
Puts · V 0 · OI 3
Strike4.00
Calls · V 0 · OI 1
Puts · V 0 · OI 0
Strike5.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike6.00
Calls · V 0 · OI 2
Puts · V 0 · OI 0
Strike7.00
Calls · V 0 · OI 1
Puts · V 0 · OI 121
Strike7.50
Calls · V 0 · OI 1
Puts · V 1 · OI 8
Term Structure
Expiration activity
Expiry7 Aug 2026
Contracts90
Avg IV1.16
Put-call0.56
Expiry14 Aug 2026
Contracts84
Avg IV1.19
Put-call0.14
Expiry21 Aug 2026
Contracts80
Avg IV1.17
Put-call0.29
Expiry28 Aug 2026
Contracts74
Avg IV1.16
Put-call1.88
Expiry4 Sep 2026
Contracts62
Avg IV1.15
Put-call1.02
Skew
Call/put IV balance
7 Aug 2026Put IV premium
Call IV1.08
Put IV1.21
Skew0.14
14 Aug 2026Balanced skew
Call IV1.21
Put IV1.21
Skew-
21 Aug 2026Balanced skew
Call IV1.15
Put IV1.19
Skew0.04
28 Aug 2026Balanced skew
Call IV1.18
Put IV1.19
Skew0.01
4 Sep 2026Call IV premium
Call IV1.19
Put IV1.13
Skew-0.06
Contract Tape
Most active contracts
ContractNVTS260918P00007000
SidePut
Expiry18 Sep 2026
Strike7.00
Volume7641
OI1594
IV1.18
ContractNVTS260918P00009000
SidePut
Expiry18 Sep 2026
Strike9.00
Volume7162
OI1818
IV1.13
ContractNVTS260814C00010000
SideCall
Expiry14 Aug 2026
Strike10.00
Volume4018
OI5296
IV1.19
ContractNVTS260821C00011000
SideCall
Expiry21 Aug 2026
Strike11.00
Volume3064
OI1365
IV1.17
ContractNVTS260821C00012500
SideCall
Expiry21 Aug 2026
Strike12.50
Volume656
OI243
IV1.16
ContractNVTS260807C00012500
SideCall
Expiry7 Aug 2026
Strike12.50
Volume613
OI889
IV1.19
ContractNVTS260807C00012000
SideCall
Expiry7 Aug 2026
Strike12.00
Volume605
OI598
IV1.08
ContractNVTS260807C00014000
SideCall
Expiry7 Aug 2026
Strike14.00
Volume528
OI4674
IV1.21
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.