Primary read
Volatility
Volatility expansion watch
Ticker Options Intelligence
PLNT options intelligence
Planet Fitness Inc options pressure, expected move, strike concentration, and Sharemaestro trend context.
Conviction
52
Market data through 30 Jul 2026
Checked 31 Jul 2026 11:25 · complete available chain
Volatility expansion watch
Volatility pressure
PLNT currently carries volatility options pressure with a 52/100 conviction score. The nearest-chain expected move is 14.8%, with volume/open-interest participation at 0.01.
Expected move
14.8%
Wider near-term move priced
Activity / OI
0.01
Current volume is quieter versus prior open interest
Put-call
2.91
Put-side skew
Trend fit
96
Options agree with trend context
Weekly backdrop
+4.5%
RS -39.7
Expected move
14.8%
Put-call volume
2.91
Volume / OI
0.01
Reference IV
0.67
Max pain
50.00
Underlying
53.48
Nearest expiry
21 Aug 2026
Contracts
348
Research Brief
PLNT has a volatility chain read with 52/100 evidence alignment.
The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 45.56–61.40; The largest call open-interest concentration is 57.50; the largest put concentration is 50.00. The most active strike by current volume is 60.00.
Priced range45.56–61.40
Call concentration57.50
Put concentration50.00
Max pain reference50.00
- A clear directional pressure reading develops and price begins to agree.
- The current chain read already agrees with the stored weekly trend context.
- Volatility falls and the chain remains directionally mixed.
- 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
Options imply 45.56 to 61.40. Max pain at 50.00 sits inside that range, 6.5% below spot.
Spot
Max pain
45.5653.48 ± 7.9261.40
Confirmation level
A close beyond 61.40 or below 45.56 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 52/100
Pressure is 38/100 toward puts; conviction uses its strength, while the signal label carries its direction.
Directional pressure38 × 42%
+15.9
How strongly activity leans toward calls or puts.
Participation10 × 22%
+2.2
Volume relative to existing open interest and contract-level activity.
Trend agreement96 × 26%
+25.0
How closely the chain read agrees with the underlying trend backdrop.
Volatility87 × 10%
+8.7
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 57.50; the largest put concentration is 50.00. The most active strike by current volume is 60.00. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.
Put open interestStrikeCall open interest
71
37.50-29.9%
0
214
40.00-25.2%
15
112
42.50-20.5%
151
107
45.00-15.9%
128
77
47.50-11.2%
234
582
50.00-6.5%
24282
258
52.50-1.8%
381
260
55.002.8%
1980
81
57.507.5%
24318
318
60.0012.2%
3298
65
62.5016.9%
125
126
65.0021.5%
278
7
67.5026.2%
276
26
70.0030.9%
3269
0
80.0049.6%
2081
0
85.0058.9%
44
0
90.0068.3%
3457
Nearest spot strike Max pain strikeBars show relative OI within this expiry
Volatility Curve
Front-loaded volatility
Near-term options are materially richer than later expirations, consistent with concentrated event or immediate-risk pricing.
0.67
21 Aug
22d
0.53
18 Sep
50d
0.52
20 Nov
113d
0.51
15 Jan
169d
0.50
19 Feb
204d
Volatility by Strike
Downside protection premium
Out-of-the-money puts carry higher implied volatility than comparable calls, indicating richer downside protection.
45
48
50
53
55
58
60
63
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
- 348 / 348
- 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.
Options are pricing movement more than direction; compare expected move with the stock's actual weekly change.
Earnings/event positioning matters because it connects the options headline to the actual evidence: $191605 of estimated gross traded notional, puts · 46-90 days · itm, 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-38
1W price+4.5%
Call premium28%
Put premium72%
Notional split
C 28% / P 72%
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
96/100
Agreement between options pressure and Sharemaestro market context.
Event window
5 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.
Puts · 46-90 days · ITM
puts cluster with 262 contracts traded, $95630 estimated gross traded notional, and 50% of visible notional.
$95630
Puts · 46-90 days · ATM
puts cluster with 109 contracts traded, $27795 estimated gross traded notional, and 15% of visible notional.
$27795
Calls · 8-21 days · OTM
calls cluster with 76 contracts traded, $18390 estimated gross traded notional, and 10% of visible notional.
$18390
Calls · 8-21 days · ATM
calls cluster with 18 contracts traded, $10350 estimated gross traded notional, and 5% of visible notional.
$10350
Calls · 91+ days · OTM
calls cluster with 20 contracts traded, $8680 estimated gross traded notional, and 5% of visible notional.
$8680
Setup Classification
Opportunity and risk frame
Positioning agrees with the Sharemaestro trend backdrop.
The tape is pricing or displaying unusually elevated activity.
Expected move or upcoming earnings makes the setup more event-sensitive.
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
Close55.91
1W+4.5%
RS-39.7
Fair value-31.4%
Options pressure-38
Speculation10
Volatility87
Trend fit96
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 10:43
Bullish
Pressure 48
Move 14.4%
30 Jul 10:39
Volatility
Pressure 81
Move 14.8%
31 Jul 10:25
Volatility
Pressure -38
Move 14.8%
Strike Map
Where activity is clustering
Strike20.00
Calls · V 0 · OI 1
Puts · V 0 · OI 0
Strike22.50
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike25.00
Calls · V 0 · OI 2
Puts · V 0 · OI 1
Strike27.50
Calls · V 0 · OI 0
Puts · V 0 · OI 1
Strike30.00
Calls · V 0 · OI 0
Puts · V 0 · OI 10
Strike32.50
Calls · V 0 · OI 0
Puts · V 0 · OI 3
Strike35.00
Calls · V 0 · OI 0
Puts · V 0 · OI 38
Strike37.50
Calls · V 0 · OI 0
Puts · V 0 · OI 71
Term Structure
Expiration activity
Expiry21 Aug 2026
Contracts92
Avg IV0.67
Put-call0.28
Expiry18 Sep 2026
Contracts64
Avg IV0.53
Put-call23.25
Expiry20 Nov 2026
Contracts64
Avg IV0.52
Put-call0.07
Expiry15 Jan 2027
Contracts92
Avg IV0.51
Put-call3.33
Expiry19 Feb 2027
Contracts36
Avg IV0.50
Put-call0.25
Skew
Call/put IV balance
21 Aug 2026Put IV premium
Call IV0.62
Put IV0.70
Skew0.08
18 Sep 2026Put IV premium
Call IV0.48
Put IV0.54
Skew0.06
20 Nov 2026Balanced skew
Call IV0.50
Put IV0.55
Skew0.05
15 Jan 2027Put IV premium
Call IV0.47
Put IV0.54
Skew0.07
19 Feb 2027Put IV premium
Call IV0.47
Put IV0.53
Skew0.06
Contract Tape
Most active contracts
ContractPLNT260918P00055000
SidePut
Expiry18 Sep 2026
Strike55.00
Volume262
OI209
IV0.52
ContractPLNT260918P00052500
SidePut
Expiry18 Sep 2026
Strike52.50
Volume109
OI354
IV0.52
ContractPLNT260821C00060000
SideCall
Expiry21 Aug 2026
Strike60.00
Volume40
OI3298
IV0.60
ContractPLNT260821C00057500
SideCall
Expiry21 Aug 2026
Strike57.50
Volume30
OI24318
IV0.64
ContractPLNT260821C00052500
SideCall
Expiry21 Aug 2026
Strike52.50
Volume18
OI381
IV0.70
ContractPLNT260821P00052500
SidePut
Expiry21 Aug 2026
Strike52.50
Volume18
OI258
IV0.70
ContractPLNT260821C00050000
SideCall
Expiry21 Aug 2026
Strike50.00
Volume10
OI24282
IV0.64
ContractPLNT260918C00070000
SideCall
Expiry18 Sep 2026
Strike70.00
Volume10
OI308
IV0.50
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.