Ticker Options Intelligence

VNOM options intelligence

Viper Energy Ut options pressure, expected move, strike concentration, and Sharemaestro trend context.

Conviction 49 Market data through 30 Jul 2026 Checked 31 Jul 2026 04:05 · complete available chain

Call-side pressure

Bullish pressure

VNOM currently carries bullish options pressure with a 49/100 conviction score. The nearest-chain expected move is 8.2%, with volume/open-interest participation at 0.04.

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

Call-side pressure

Expected move 8.2%

Wider near-term move priced

Activity / OI 0.04

Current volume is quieter versus prior open interest

Put-call 0.02

Call-side skew

Trend fit 0

Options are not fully confirming trend

Weekly backdrop +1.7%

RS 1.8

Expected move 8.2%
Put-call volume 0.02
Volume / OI 0.04
Reference IV 0.42
Max pain 43.00
Underlying 45.13
Nearest expiry 21 Aug 2026
Contracts 234

Research Brief

VNOM has a bullish chain read with 49/100 evidence alignment.

The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 41.43–48.83; The largest call open-interest concentration is 44.00; the largest put concentration is 40.00. The most active strike by current volume is 44.00.

Priced range41.43–48.83
Call concentration44.00
Put concentration40.00
Max pain reference43.00
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 41.43 to 48.83. Max pain at 43.00 sits inside that range, 4.7% below spot.

Spot Max pain
41.4345.13 ± 3.7048.83
Confirmation level

A close beyond 48.83 or below 41.43 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 49/100

Evidence alignment, not probability

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

Directional pressure100 × 42%
+42.0

How strongly activity leans toward calls or puts.

Participation4 × 22%
+0.8

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

Trend agreement0 × 26%
+0.0

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

Volatility62 × 10%
+6.2

The intensity of implied volatility and the priced move.

Reconstructed score49.1Matches stored calculation

Positioning by Strike

Where open interest and current activity concentrate

Full strike map

The largest call open-interest concentration is 44.00; the largest put concentration is 40.00. The most active strike by current volume is 44.00. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.

Put open interestStrikeCall open interest
0
33.00-26.9%
0
3
35.00-22.4%
1
23
36.00-20.2%
1
118
37.00-18.0%
0
106
38.00-15.8%
1
3
39.00-13.6%
1
320
40.00-11.4%
6
40
41.00-9.2%
1
279
42.00-6.9%
43
42
43.00-4.7%
35
39
44.00-2.5%
1153
8
45.00-0.3%
891
13
46.001.9%
238
3
47.004.1%
434
1
48.006.4%
233
0
49.008.6%
67
23
50.0010.8%
92
Nearest spot strike Max pain strikeBars show relative OI within this expiry

Volatility Curve

Front-loaded volatility

1.30× front/back

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

0.42 21 Aug 22d
0.35 18 Sep 50d
0.34 20 Nov 113d
0.33 18 Dec 141d
0.33 19 Mar 232d

Volatility by Strike

Downside protection premium

Nearest expiry, within 20% of spot

Out-of-the-money puts carry higher implied volatility than comparable calls, indicating richer downside protection.

37
38
39
40
41
42
43
44
45
46
47
48
49
50
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

Usable with limits

C69/100
Retained chain100%
Implied volatility100%
Two-sided quotes100%
Open interest100%
Chain status
Complete available chain
Market date
30 Jul 2026
Calculation
v2.0
Contracts
234 / 234
  • 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

77/100
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 confirms price

Options pressure and weekly price action are pointing in the same constructive direction.

Why this matters

Earnings/event positioning matters because it connects the options headline to the actual evidence: $171875 of estimated gross traded notional, calls · 91+ days · atm, and a bullish flow confirms price backdrop. Use it as a research priority signal, then validate the chart, liquidity, event calendar, and risk before acting.

Options pressure+100
1W price+1.7%
Call premium99%
Put premium1%
Notional split C 99% / P 1% Estimated gross traded notional uses volume × contract multiplier × midpoint, or last price when no valid midpoint is available.
Freshness 0.04 Volume divided by open interest across the visible chain.
Trend fit 0/100 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.
Conviction clusters Calls · 91+ days · ATM
Calls · 91+ days · ATM calls cluster with 609 contracts traded, $150728 estimated gross traded notional, and 88% of visible notional.
$150728
Calls · 8-21 days · ITM calls cluster with 62 contracts traded, $8260 estimated gross traded notional, and 5% of visible notional.
$8260
Calls · 8-21 days · ATM calls cluster with 69 contracts traded, $4775 estimated gross traded notional, and 3% of visible notional.
$4775
Calls · 46-90 days · ATM calls cluster with 20 contracts traded, $1900 estimated gross traded notional, and 1% of visible notional.
$1900
Calls · 46-90 days · ITM calls cluster with 11 contracts traded, $1855 estimated gross traded notional, and 1% of visible notional.
$1855

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 Bullish pressure over fair value

Call pressure is building while the stock sits above Sharemaestro fair value.

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

Sharemaestro weekly
Close45.13
1W+1.7%
RS1.8
Fair value+20.8%
Options pressure100
Speculation4
Volatility62
Trend fit0

Today Versus Normal

Stored-options context

View history
Expected move 8.2% history building
30d avg - · 2/10 sessions -
90d avg - · 2/30 sessions -
180d avg - · 2/60 sessions -
IV 0.42 history building
30d avg - · 2/10 sessions -
90d avg - · 2/30 sessions -
180d avg - · 2/60 sessions -
Put-call 0.02 history building
30d avg - · 2/10 sessions -
90d avg - · 2/30 sessions -
180d avg - · 2/60 sessions -
Volume/OI 0.04 history building
30d avg - · 2/10 sessions -
90d avg - · 2/30 sessions -
180d avg - · 2/60 sessions -

Pressure Trail

Recent pressure and volatility

Open trail
29 Jul 10:21 Bullish
Pressure 100
Move 9.7%
30 Jul 10:15 Bullish
Pressure 73
Move 8.8%
31 Jul 03:05 Bullish
Pressure 100
Move 8.2%

Strike Map

Where activity is clustering

Full strike map
Strike33.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike34.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike35.00
Calls · V 0 · OI 1
Puts · V 0 · OI 3
Strike36.00
Calls · V 0 · OI 1
Puts · V 0 · OI 23
Strike37.00
Calls · V 0 · OI 0
Puts · V 0 · OI 118
Strike38.00
Calls · V 0 · OI 1
Puts · V 0 · OI 106
Strike39.00
Calls · V 0 · OI 1
Puts · V 0 · OI 3
Strike40.00
Calls · V 0 · OI 6
Puts · V 1 · OI 320

Term Structure

Expiration activity

Volume and IV
Expiry21 Aug 2026
Contracts40
Avg IV0.42
Put-call0.02
Expiry18 Sep 2026
Contracts52
Avg IV0.35
Put-call0.21
Expiry20 Nov 2026
Contracts60
Avg IV0.34
Put-call-
Expiry18 Dec 2026
Contracts42
Avg IV0.33
Put-call0.00
Expiry19 Mar 2027
Contracts40
Avg IV0.33
Put-call-

Skew

Call/put IV balance

OTM demand
21 Aug 2026Put IV premium
Call IV0.34
Put IV0.40
Skew0.06
18 Sep 2026Put IV premium
Call IV0.29
Put IV0.36
Skew0.07
20 Nov 2026Put IV premium
Call IV0.29
Put IV0.39
Skew0.10
18 Dec 2026Put IV premium
Call IV0.29
Put IV0.38
Skew0.09
19 Mar 2027Put IV premium
Call IV0.28
Put IV0.38
Skew0.10

Contract Tape

Most active contracts

Full contract tape
ContractVNOM261218C00045000
SideCall
Expiry18 Dec 2026
Strike45.00
Volume609
OI2303
IV0.27
ContractVNOM260821C00044000
SideCall
Expiry21 Aug 2026
Strike44.00
Volume52
OI1153
IV0.33
ContractVNOM260821C00045000
SideCall
Expiry21 Aug 2026
Strike45.00
Volume49
OI891
IV0.31
ContractVNOM260821C00047000
SideCall
Expiry21 Aug 2026
Strike47.00
Volume28
OI434
IV0.34
ContractVNOM260918C00046000
SideCall
Expiry18 Sep 2026
Strike46.00
Volume20
OI1379
IV0.29
ContractVNOM261120C00055000
SideCall
Expiry20 Nov 2026
Strike55.00
Volume20
OI833
IV0.31
ContractVNOM260821C00046000
SideCall
Expiry21 Aug 2026
Strike46.00
Volume20
OI238
IV0.34
ContractVNOM260918C00060000
SideCall
Expiry18 Sep 2026
Strike60.00
Volume10
OI1068
IV0.34