Ticker Options Intelligence

WQTM options intelligence

WISDOMTREE QUANTUM COMPUTING FUND options pressure, expected move, strike concentration, and Sharemaestro trend context.

Conviction 47 Market data through 11 Sep 2026 Checked 14 Sep 2026 11:21 · complete available chain

Call-side pressure

Bullish pressure

WQTM currently carries bullish options pressure with a 47/100 conviction score. The nearest-chain expected move is 3.0%, with volume/open-interest participation at 0.06.

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

Call-side pressure

Expected move 3.0%

Near-term move context

Activity / OI 0.06

Current volume is quieter versus prior open interest

Put-call 0.18

Call-side skew

Trend fit 37

Options are not fully confirming trend

Weekly backdrop +0.0%

Sharemaestro weekly context

Expected move 3.0%
Put-call volume 0.18
Volume / OI 0.06
Reference IV 0.22
Max pain 31.00
Underlying 31.95
Nearest expiry 18 Sep 2026
Contracts 88

Research Brief

WQTM has a bullish 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 30.98–32.92; The largest call open-interest concentration is 34.00; the largest put concentration is 31.00. The most active strike by current volume is 28.00.

Priced range30.98–32.92
Call concentration34.00
Put concentration31.00
Max pain reference31.00
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.

Priced Move

Where the chain says movement becomes exceptional

Size, not direction · through 18 Sep

Options imply 30.98 to 32.92. Max pain at 31.00 sits inside that range, 3.0% below spot.

Spot Max pain
30.9831.95 ± 0.9732.92
Confirmation level

A close beyond 32.92 or below 30.98 at the 18 Sep 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

Evidence alignment, not probability

Pressure is 79/100 toward calls; conviction uses its strength, while the signal label carries its direction.

Directional pressure79 × 42%
+33.3

How strongly activity leans toward calls or puts.

Participation8 × 22%
+1.8

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

Trend agreement37 × 26%
+9.6

How closely the chain read agrees with the underlying trend backdrop.

Volatility27 × 10%
+2.7

The intensity of implied volatility and the priced move.

Reconstructed score47.5Matches stored calculation

Positioning by Strike

Where open interest and current activity concentrate

Full strike map

The largest call open-interest concentration is 34.00; the largest put concentration is 31.00. The most active strike by current volume is 28.00. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.

Put open interestStrikeCall open interest
0
28.00-12.4%
0
0
29.00-9.2%
0
0
30.00-6.1%
0
13
31.00-3.0%
0
0
32.000.2%
1
0
33.003.3%
0
0
34.006.4%
2
0
35.009.5%
0
0
36.0012.7%
0
0
37.0015.8%
0
0
38.0018.9%
0
Nearest spot strike Max pain strikeBars show relative OI within this expiry

Gamma Profile by Strike

Positive gamma proxy

Reported Greeks · 100% coverage

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+$12,868Delta change / 1% move
Positive peak28.00+$7,888
Negative peak31.00-$2,910
Nearest balance31.33Interpolated sign change
StrikeNegativePositiveNet / 1% move
28.00-12.4%
+$7,888
30.00-6.1%
-$310
31.00-3.0%
-$2,910
32.000.2%
+$5,810
33.003.3%
+$1,497
34.006.4%
+$202
35.009.5%
+$542
36.0012.7%
+$91
37.0015.8%
+$56
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

Back-loaded volatility

0.57× front/back

Longer-dated options carry more implied volatility than the front expiry, so risk is priced farther out.

0.22 18 Sep 7d
0.33 16 Oct 35d
0.36 18 Dec 98d
0.38 19 Mar 189d

Volatility by Strike

Balanced wings

Nearest expiry, within 20% of spot

Comparable upside calls and downside puts carry broadly similar implied volatility.

28
29
30
31
32
33
34
35
36
37
38
Put IV Call IV

Historical Replay

How matured reads behaved through expiry

0 matured · 0 directional

Forward validation is building. The earliest eligible stored read expires 18 Sep 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

C69/100
Retained chain100%
Implied volatility100%
Two-sided quotes100%
Open interest100%
Chain status
Complete available chain
Market date
11 Sep 2026
Calculation
v2.0
Contracts
88 / 88
  • 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

Multi-expiry position-maintenance candidate

56/100
Primary intent Multi-expiry position-maintenance candidate

Activity is spread across expirations with heavier open interest than current volume, which can be consistent with position maintenance.

Flow vs price divergence Bullish flow before price confirmation

Call-side pressure is building before a meaningful weekly price response.

Why this matters

Multi-expiry position-maintenance candidate matters because it connects the options headline to the actual evidence: $3,892 of estimated gross traded notional, calls · 91+ days · itm, and a bullish 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+79
1W price+0.0%
Call premium95%
Put premium5%
Notional split C 95% / P 5% Estimated gross traded notional uses volume × contract multiplier × midpoint, or last price when no valid midpoint is available.
Freshness 0.06 Volume divided by open interest across the visible chain.
Trend fit 37/100 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. Roll detection is conservative because opening and closing legs are not directly observable in this snapshot.
Conviction clusters Calls · 91+ days · ITM
Calls · 91+ days · ITM calls cluster with 5 contracts traded, $2,250 estimated gross traded notional, and 58% of visible notional.
$2,250
Calls · 91+ days · OTM calls cluster with 6 contracts traded, $1,442 estimated gross traded notional, and 37% of visible notional.
$1,442
Puts · 22-45 days · OTM puts cluster with 2 contracts traded, $200 estimated gross traded notional, and 5% of visible notional.
$200

Setup Classification

Opportunity and risk frame

Context, not advice
Neutral Context building

The signal is live, but the strongest framework tags are still developing.

Activity Anomaly

Warming up

-

5 of 10 completed market sessions are available. More session history is needed before activity can be compared with a reliable normal.

Baseline: 5 completed sessions

Volume rank-
Volume/OI rank-
IV rank-

Market Context

Underlying confirmation

Sharemaestro weekly
Close31.95
1W+0.0%
RS-
Fair value+6.2%
Options pressure79
Speculation8
Volatility27
Trend fit37

Today Versus Normal

Stored-options context

View history
Expected move 3.0% history building
30d avg - · 5/10 sessions -
90d avg - · 5/30 sessions -
180d avg - · 5/60 sessions -
IV 0.22 history building
30d avg - · 5/10 sessions -
90d avg - · 5/30 sessions -
180d avg - · 5/60 sessions -
Put-call 0.18 history building
30d avg - · 4/10 sessions -
90d avg - · 4/30 sessions -
180d avg - · 4/60 sessions -
Volume/OI 0.06 history building
30d avg - · 5/10 sessions -
90d avg - · 5/30 sessions -
180d avg - · 5/60 sessions -

Pressure Trail

Recent pressure and volatility

Open trail
31 Aug 13:19 Bullish
Pressure 100
Move 6.8%
2 Sep 04:10 Bearish
Pressure -88
Move 9.1%
4 Sep 10:54 Bullish
Pressure 45
Move 8.4%
7 Sep 14:48 Bullish
Pressure 100
Move 3.1%
10 Sep 10:22 Bullish
Pressure 31
Move 4.7%
14 Sep 10:21 Bullish
Pressure 79
Move 3.0%

Strike Map

Where activity is clustering

Full strike map
Strike28.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike29.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike30.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike31.00
Calls · V 0 · OI 0
Puts · V 0 · OI 13
Strike32.00
Calls · V 0 · OI 1
Puts · V 0 · OI 0
Strike33.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike34.00
Calls · V 0 · OI 2
Puts · V 0 · OI 0
Strike35.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0

Term Structure

Expiration activity

Volume and IV
Expiry18 Sep 2026
Contracts22
Avg IV0.22
Put-call-
Expiry16 Oct 2026
Contracts22
Avg IV0.33
Put-call-
Expiry18 Dec 2026
Contracts22
Avg IV0.36
Put-call-
Expiry19 Mar 2027
Contracts22
Avg IV0.38
Put-call-

Skew

Call/put IV balance

OTM demand
18 Sep 2026Put IV premium
Call IV0.01
Put IV0.38
Skew0.36
16 Oct 2026Balanced skew
Call IV0.40
Put IV0.38
Skew-0.02
18 Dec 2026Balanced skew
Call IV0.34
Put IV0.38
Skew0.04
19 Mar 2027Put IV premium
Call IV0.34
Put IV0.40
Skew0.06

Contract Tape

Most active contracts

Full contract tape
ContractWQTM261218C00033000
SideCall
Expiry18 Dec 2026
Strike33.00
Volume5
OI6
IV0.38
ContractWQTM270319C00030000
SideCall
Expiry19 Mar 2027
Strike30.00
Volume5
OI-
IV0.35
ContractWQTM261016P00031000
SidePut
Expiry16 Oct 2026
Strike31.00
Volume2
OI5
IV0.38
ContractWQTM270319C00033000
SideCall
Expiry19 Mar 2027
Strike33.00
Volume1
OI2
IV0.41
ContractWQTM261016C00028000
SideCall
Expiry16 Oct 2026
Strike28.00
Volume-
OI150
IV0.42
ContractWQTM261218C00035000
SideCall
Expiry18 Dec 2026
Strike35.00
Volume-
OI14
IV0.07
ContractWQTM260918P00031000
SidePut
Expiry18 Sep 2026
Strike31.00
Volume-
OI13
IV0.38
ContractWQTM261016C00033000
SideCall
Expiry16 Oct 2026
Strike33.00
Volume-
OI9
IV0.36

Research Graph

Related research and context

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Earnings

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Evidence context