Primary read
Bullish
Call-side pressure
Ticker Options Intelligence
BOOT options intelligence
Boot Barn Holdings Inc options pressure, expected move, strike concentration, and Sharemaestro trend context.
Conviction
40
Market data through 30 Jul 2026
Checked 31 Jul 2026 06:17 · complete available chain
Call-side pressure
Bullish pressure
BOOT currently carries bullish options pressure with a 40/100 conviction score. The nearest-chain expected move is 11.2%, with volume/open-interest participation at 0.05.
Expected move
11.2%
Wider near-term move priced
Activity / OI
0.05
Current volume is quieter versus prior open interest
Put-call
0.35
Call-side skew
Trend fit
5
Options are not fully confirming trend
Weekly backdrop
-1.6%
RS -20.8
Expected move
11.2%
Put-call volume
0.35
Volume / OI
0.05
Reference IV
0.56
Max pain
150.00
Underlying
149.98
Nearest expiry
21 Aug 2026
Contracts
246
Research Brief
BOOT has a bullish chain read with 40/100 evidence alignment.
The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 133.18–166.78; The largest call open-interest concentration is 160.00; the largest put concentration is 145.00. The most active strike by current volume is 150.00.
Priced range133.18–166.78
Call concentration160.00
Put concentration145.00
Max pain reference150.00
- Price holds or improves while call-side concentration remains elevated.
- 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
Options imply 133.18 to 166.78. Max pain at 150.00 sits inside that range, 0.0% above spot.
Spot
Max pain
133.18149.98 ± 16.80166.78
Confirmation level
A close beyond 166.78 or below 133.18 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 40/100
Pressure is 53/100 toward calls; conviction uses its strength, while the signal label carries its direction.
Directional pressure53 × 42%
+22.2
How strongly activity leans toward calls or puts.
Participation41 × 22%
+9.1
Volume relative to existing open interest and contract-level activity.
Trend agreement5 × 26%
+1.3
How closely the chain read agrees with the underlying trend backdrop.
Volatility79 × 10%
+7.9
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 160.00; the largest put concentration is 145.00. The most active strike by current volume is 150.00. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.
Put open interestStrikeCall open interest
53
110.00-26.7%
0
38
120.00-20.0%
1
98
125.00-16.7%
2
38
130.00-13.3%
0
35
135.00-10.0%
0
57
140.00-6.7%
5
157
145.00-3.3%
4
23
150.000.0%
515
13
155.003.3%
17
75
160.006.7%
749
13
165.0010.0%
109
149
170.0013.3%
21
5
175.0016.7%
56
23
180.0020.0%
60
11
185.0023.3%
317
1
200.0033.4%
45
0
220.0046.7%
63
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.
0.56
21 Aug
22d
0.51
18 Sep
50d
0.56
20 Nov
113d
0.55
19 Feb
204d
Volatility by Strike
Upside optionality premium
Out-of-the-money calls carry higher implied volatility than comparable puts, indicating richer upside optionality.
120
125
130
135
140
145
150
155
160
165
170
175
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
- 246 / 246
- 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
Short-dated OTM call concentration
Call activity is concentrated in upside and shorter-dated contracts; trade direction remains unconfirmed without aggressor data.
Options are leaning call-side while the stock is down on the week, a divergence that needs price confirmation.
Short-dated OTM call concentration matters because it connects the options headline to the actual evidence: $214122 of estimated gross traded notional, puts · 91+ days · itm, 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+53
1W price-1.6%
Call premium70%
Put premium30%
Notional split
C 70% / P 30%
Estimated gross traded notional uses volume × contract multiplier × midpoint, or last price when no valid midpoint is available.
Freshness
0.05
Volume divided by open interest across the visible chain.
Trend fit
5/100
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.
Puts · 91+ days · ITM
puts cluster with 15 contracts traded, $47905 estimated gross traded notional, and 22% of visible notional.
$47905
Calls · 46-90 days · OTM
calls cluster with 50 contracts traded, $40875 estimated gross traded notional, and 19% of visible notional.
$40875
Calls · 8-21 days · ATM
calls cluster with 34 contracts traded, $38250 estimated gross traded notional, and 18% of visible notional.
$38250
Calls · 8-21 days · OTM
calls cluster with 55 contracts traded, $30022 estimated gross traded notional, and 14% of visible notional.
$30022
Calls · 91+ days · ITM
calls cluster with 5 contracts traded, $24345 estimated gross traded notional, and 11% of visible notional.
$24345
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.
Underlying price is close to the max-pain zone.
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
Close149.98
1W-1.6%
RS-20.8
Fair value+9.8%
Options pressure53
Speculation41
Volatility79
Trend fit5
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 10:39
Bullish
Pressure 67
Move 14.7%
30 Jul 10:35
Bullish
Pressure 25
Move 13.3%
30 Jul 18:19
Volatility
Pressure -30
Move 11.2%
30 Jul 18:44
Volatility
Pressure -30
Move 11.1%
30 Jul 23:37
Volatility
Pressure -29
Move 11.2%
31 Jul 05:17
Bullish
Pressure 53
Move 11.2%
1 Aug 11:48
Mixed
Pressure 1
Move 10.3%
Strike Map
Where activity is clustering
Strike75.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike80.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike85.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike90.00
Calls · V 0 · OI 0
Puts · V 0 · OI 7
Strike95.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike100.00
Calls · V 0 · OI 0
Puts · V 0 · OI 33
Strike105.00
Calls · V 0 · OI 1
Puts · V 0 · OI 5
Strike110.00
Calls · V 0 · OI 0
Puts · V 11 · OI 53
Term Structure
Expiration activity
Expiry21 Aug 2026
Contracts74
Avg IV0.56
Put-call0.20
Expiry18 Sep 2026
Contracts46
Avg IV0.51
Put-call0.11
Expiry20 Nov 2026
Contracts64
Avg IV0.56
Put-call5.60
Expiry19 Feb 2027
Contracts62
Avg IV0.55
Put-call1.00
Skew
Call/put IV balance
21 Aug 2026Balanced skew
Call IV0.50
Put IV0.52
Skew0.02
18 Sep 2026Balanced skew
Call IV0.49
Put IV0.50
Skew0.01
20 Nov 2026Balanced skew
Call IV0.53
Put IV0.56
Skew0.03
19 Feb 2027Balanced skew
Call IV0.52
Put IV0.55
Skew0.03
Contract Tape
Most active contracts
ContractBOOT260918C00160000
SideCall
Expiry18 Sep 2026
Strike160.00
Volume40
OI3
IV0.49
ContractBOOT260821C00160000
SideCall
Expiry21 Aug 2026
Strike160.00
Volume34
OI749
IV0.55
ContractBOOT260821C00150000
SideCall
Expiry21 Aug 2026
Strike150.00
Volume34
OI515
IV0.58
ContractBOOT260821P00110000
SidePut
Expiry21 Aug 2026
Strike110.00
Volume11
OI53
IV0.70
ContractBOOT261120P00130000
SidePut
Expiry20 Nov 2026
Strike130.00
Volume10
OI30
IV0.56
ContractBOOT261120P00155000
SidePut
Expiry20 Nov 2026
Strike155.00
Volume10
OI5
IV0.54
ContractBOOT260821C00165000
SideCall
Expiry21 Aug 2026
Strike165.00
Volume6
OI109
IV0.53
ContractBOOT260821C00155000
SideCall
Expiry21 Aug 2026
Strike155.00
Volume6
OI17
IV0.57
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.