Ticker Options Intelligence

LEG options intelligence

Leggett & Platt Incorporated options pressure, expected move, strike concentration, and Sharemaestro trend context.

Conviction 35 Market data through 31 Jul 2026 Checked 2 Aug 2026 06:04 · complete available chain

Call-side pressure

Bullish pressure

LEG currently carries bullish options pressure with a 35/100 conviction score. The nearest-chain expected move is 15.8%, with volume/open-interest participation at 0.00.

Options Intelligence Opportunities Bullish confirmation Risks Unusual flow Vol expansion Repeated pressure Compare Chart Weekly report
Primary read Bullish

Call-side pressure

Expected move 15.8%

Wider near-term move priced

Activity / OI 0.00

Current volume is quieter versus prior open interest

Put-call 0.45

Call-side skew

Trend fit 28

Options are not fully confirming trend

Weekly backdrop -12.2%

RS -12.6

Expected move 15.8%
Put-call volume 0.45
Volume / OI 0.00
Reference IV 1.12
Max pain 10.00
Underlying 9.80
Nearest expiry 21 Aug 2026
Contracts 68

Research Brief

LEG has a bullish chain read with 35/100 evidence alignment.

The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 8.25–11.35; The largest call open-interest concentration is 12.50; the largest put concentration is 10.00. The most active strike by current volume is 10.00.

Priced range8.25–11.35
Call concentration12.50
Put concentration10.00
Max pain reference10.00
What would confirm it
  • Price holds or improves while call-side concentration remains elevated.
What would weaken it
  • Price weakens while call pressure fades or reverses toward puts.
  • Options and the weekly trend are not yet giving the same message.
  • 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 8.25 to 11.35. Max pain at 10.00 sits inside that range, 2.0% above spot.

Spot Max pain
8.259.80 ± 1.5511.35
Confirmation level

A close beyond 11.35 or below 8.25 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 35/100

Evidence alignment, not probability

Pressure is 44/100 toward calls; conviction uses its strength, while the signal label carries its direction.

Directional pressure44 × 42%
+18.3

How strongly activity leans toward calls or puts.

Participation0 × 22%
+0.1

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

Trend agreement28 × 26%
+7.4

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 score35.3Matches stored calculation

Positioning by Strike

Where open interest and current activity concentrate

Full strike map

The largest call open-interest concentration is 12.50; the largest put concentration is 10.00. The most active strike by current volume is 10.00. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.

Put open interestStrikeCall open interest
0
2.50-74.5%
1
0
5.00-49.0%
0
0
7.50-23.5%
0
261
10.002.0%
58
0
12.5027.6%
702
1
15.0053.1%
58
0
17.5078.6%
0
0
20.00104.1%
0
Nearest spot strike Max pain strikeBars show relative OI within this expiry

Volatility Curve

Front-loaded volatility

3.24× front/back

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

1.12 21 Aug 21d
0.70 18 Sep 49d
0.58 18 Dec 140d
0.34 19 Mar 231d

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.

10
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

A97/100
Retained chain100%
Implied volatility100%
Two-sided quotes100%
Open interest100%
Chain status
Complete available chain
Market date
31 Jul 2026
Calculation
v2.0
Contracts
68 / 68
  • 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

85/100
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 Bullish flow against weak price

Options are leaning call-side while the stock is down on the week, a divergence that needs price confirmation.

Why this matters

Earnings/event positioning matters because it connects the options headline to the actual evidence: $1268 of estimated gross traded notional, puts · 8-21 days · atm, and a bullish flow against weak price backdrop. Use it as a research priority signal, then validate the chart, liquidity, event calendar, and risk before acting.

Options pressure+44
1W price-12.2%
Call premium53%
Put premium47%
Notional split C 53% / P 47% Estimated gross traded notional uses volume × contract multiplier × midpoint, or last price when no valid midpoint is available.
Freshness 0.00 Volume divided by open interest across the visible chain.
Trend fit 28/100 Agreement between options pressure and Sharemaestro market context.
Event window 6 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 Puts · 8-21 days · ATM
Puts · 8-21 days · ATM puts cluster with 10 contracts traded, $600 estimated gross traded notional, and 47% of visible notional.
$600
Calls · 91+ days · OTM calls cluster with 5 contracts traded, $362 estimated gross traded notional, and 29% of visible notional.
$362
Calls · 46-90 days · OTM calls cluster with 16 contracts traded, $240 estimated gross traded notional, and 19% of visible notional.
$240
Calls · 46-90 days · ATM calls cluster with 1 contracts traded, $65 estimated gross traded notional, and 5% of visible notional.
$65

Setup Classification

Opportunity and risk frame

Context, not advice
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.

Negative Options disagreement

Options positioning is not confirming the underlying trend context.

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
Close9.80
1W-12.2%
RS-12.6
Fair value-25.3%
Options pressure44
Speculation0
Volatility96
Trend fit28

Today Versus Normal

Stored-options context

View history
Expected move 15.8% history building
30d avg - · 3/10 sessions -
90d avg - · 3/30 sessions -
180d avg - · 3/60 sessions -
IV 1.12 history building
30d avg - · 3/10 sessions -
90d avg - · 3/30 sessions -
180d avg - · 3/60 sessions -
Put-call 0.45 history building
30d avg - · 3/10 sessions -
90d avg - · 3/30 sessions -
180d avg - · 3/60 sessions -
Volume/OI 0.00 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 11:07 Bullish
Pressure 78
Move 10.3%
30 Jul 10:55 Volatility
Pressure -58
Move 11.4%
31 Jul 10:40 Volatility
Pressure -34
Move 8.1%
1 Aug 00:15 Mixed
Pressure 7
Move 13.9%
2 Aug 05:04 Bullish
Pressure 44
Move 15.8%

Strike Map

Where activity is clustering

Full strike map
Strike2.50
Calls · V 0 · OI 1
Puts · V 0 · OI 0
Strike5.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike7.50
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike10.00
Calls · V 0 · OI 58
Puts · V 10 · OI 261
Strike12.50
Calls · V 0 · OI 702
Puts · V 0 · OI 0
Strike15.00
Calls · V 0 · OI 58
Puts · V 0 · OI 1
Strike17.50
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike20.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0

Term Structure

Expiration activity

Volume and IV
Expiry21 Aug 2026
Contracts16
Avg IV1.12
Put-call-
Expiry18 Sep 2026
Contracts18
Avg IV0.70
Put-call-
Expiry18 Dec 2026
Contracts18
Avg IV0.58
Put-call-
Expiry19 Mar 2027
Contracts16
Avg IV0.34
Put-call-

Skew

Call/put IV balance

OTM demand
21 Aug 2026Call IV premium
Call IV0.75
Put IV0.56
Skew-0.19
18 Sep 2026Call IV premium
Call IV0.58
Put IV0.38
Skew-0.20
18 Dec 2026Call IV premium
Call IV0.63
Put IV0.23
Skew-0.40
19 Mar 2027Balanced skew
Call IV0.14
Put IV0.18
Skew0.04

Contract Tape

Most active contracts

Full contract tape
ContractLEG260918C00012500
SideCall
Expiry18 Sep 2026
Strike12.50
Volume16
OI1555
IV0.58
ContractLEG260821P00010000
SidePut
Expiry21 Aug 2026
Strike10.00
Volume10
OI261
IV0.01
ContractLEG261218C00012500
SideCall
Expiry18 Dec 2026
Strike12.50
Volume5
OI693
IV0.63
ContractLEG260918C00010000
SideCall
Expiry18 Sep 2026
Strike10.00
Volume1
OI588
IV0.50
ContractLEG260918P00007500
SidePut
Expiry18 Sep 2026
Strike7.50
Volume-
OI963
IV0.38
ContractLEG260821C00012500
SideCall
Expiry21 Aug 2026
Strike12.50
Volume-
OI702
IV0.75
ContractLEG261218P00010000
SidePut
Expiry18 Dec 2026
Strike10.00
Volume-
OI579
IV0.76
ContractLEG260918P00015000
SidePut
Expiry18 Sep 2026
Strike15.00
Volume-
OI421
IV0.01