Primary read
Volatility
Volatility expansion watch
Ticker Options Intelligence
ODD options intelligence
ODDITY Tech Ltd. Class A Ordinary Shares options pressure, expected move, strike concentration, and Sharemaestro trend context.
Conviction
63
Market data through 31 Jul 2026
Checked 3 Aug 2026 11:00 · complete available chain
Volatility expansion watch
Volatility pressure
ODD currently carries volatility options pressure with a 63/100 conviction score. The nearest-chain expected move is 10.8%, with volume/open-interest participation at 0.01.
Expected move
10.8%
Wider near-term move priced
Activity / OI
0.01
Current volume is quieter versus prior open interest
Put-call
2.83
Put-side skew
Trend fit
96
Options agree with trend context
Weekly backdrop
-7.6%
RS -60.7
Expected move
10.8%
Put-call volume
2.83
Volume / OI
0.01
Reference IV
1.03
Max pain
15.50
Underlying
14.18
Nearest expiry
7 Aug 2026
Contracts
400
Research Brief
ODD has a volatility chain read with 63/100 evidence alignment.
The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 12.66–15.70; The largest call open-interest concentration is 15.50; the largest put concentration is 18.00. The most active strike by current volume is 14.00.
Priced range12.66–15.70
Call concentration15.50
Put concentration18.00
Max pain reference15.50
- 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.
Priced Move
Where the chain says movement becomes exceptional
Options imply 12.66 to 15.70. Max pain at 15.50 sits inside that range, 9.3% above spot.
Spot
Max pain
12.6614.18 ± 1.5215.70
Confirmation level
A close beyond 15.70 or below 12.66 at the 7 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 63/100
Pressure is 46/100 toward puts; conviction uses its strength, while the signal label carries its direction.
Directional pressure46 × 42%
+19.3
How strongly activity leans toward calls or puts.
Participation40 × 22%
+8.8
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.
Volatility96 × 10%
+9.6
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 15.50; the largest put concentration is 18.00. The most active strike by current volume is 14.00. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.
Put open interestStrikeCall open interest
2
4.00-71.8%
96
10
10.00-29.5%
0
12
12.00-15.4%
0
0
12.50-11.8%
0
4
13.00-8.3%
2
7
13.50-4.8%
0
5
14.00-1.3%
0
0
14.502.3%
0
35
15.005.8%
1
43
15.509.3%
157
18
16.0012.8%
111
1
17.0019.9%
8
52
18.0026.9%
23
0
19.0034.0%
50
0
20.0041.0%
8
0
21.0048.1%
68
0
22.0055.1%
74
Nearest spot strike Max pain strikeBars show relative OI within this expiry
Gamma Profile by Strike
Positive gamma proxy
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+$84,238Delta change / 1% move
Positive peak17.50+$50,342
Negative peak7.50-$31,735
Nearest balance14.17Interpolated sign change
StrikeNegativePositiveNet / 1% move
6.00-57.7%
-$1
7.00-50.6%
+$6
7.50-47.1%
-$31,735
8.00-43.6%
+$4
10.00-29.5%
-$12,518
11.00-22.4%
-$18
12.00-15.4%
-$153
12.50-11.8%
+$3,429
13.00-8.3%
-$168
13.50-4.8%
-$277
14.00-1.3%
-$5,000
15.005.8%
+$23,918
15.509.3%
+$3,681
16.0012.8%
+$6,877
17.0019.9%
+$748
17.5023.4%
+$50,342
18.0026.9%
+$977
19.0034.0%
+$230
20.0041.0%
+$12,567
21.0048.1%
+$192
22.0055.1%
+$194
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
Balanced volatility curve
Near- and longer-dated implied volatility are broadly aligned; no exceptional front-expiry premium is visible.
1.03
7 Aug
7d
1.03
14 Aug
14d
0.90
21 Aug
21d
0.99
28 Aug
28d
1.01
4 Sep
35d
1.13
11 Sep
42d
1.13
18 Sep
49d
1.05
16 Oct
77d
Volatility by Strike
Downside protection premium
Out-of-the-money puts carry higher implied volatility than comparable calls, indicating richer downside protection.
12
13
13
14
14
15
15
16
16
17
Put IV Call IV
Historical Replay
How matured reads behaved through expiry
Across 1 stored directional transitions, the next stored price moved in the labelled direction 100% of the time.
Directional follow-through100%
Moves contained by pricing0%
Average expiry move7.6%
30 Jul
Bearish · 59
-7.6% through expiry
2.1% priced · v2.0
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
Retained chain100%
Implied volatility100%
Two-sided quotes100%
Open interest100%
- Chain status
- Complete available chain
- Market date
- 31 Jul 2026
- Calculation
- v2.0
- Contracts
- 400 / 400
- 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: $53,353 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-46
1W price-7.6%
Call premium21%
Put premium79%
Notional split
C 21% / P 79%
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
3 Aug
Matched earnings event is 0 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 58 contracts traded, $33,160 estimated gross traded notional, and 62% of visible notional.
$33,160
Calls · 0-7 days · ATM
calls cluster with 31 contracts traded, $2,425 estimated gross traded notional, and 5% of visible notional.
$2,425
Calls · 91+ days · ITM
calls cluster with 3 contracts traded, $2,390 estimated gross traded notional, and 4% of visible notional.
$2,390
Puts · 0-7 days · OTM
puts cluster with 50 contracts traded, $2,300 estimated gross traded notional, and 4% of visible notional.
$2,300
Puts · 0-7 days · ATM
puts cluster with 36 contracts traded, $1,890 estimated gross traded notional, and 4% of visible notional.
$1,890
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
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
Close14.18
1W-7.6%
RS-60.7
Fair value-64.6%
Options pressure-46
Speculation40
Volatility96
Trend fit96
Today Versus Normal
Stored-options context
30d avg - · 3/10 sessions
-
90d avg - · 3/30 sessions
-
180d avg - · 3/60 sessions
-
30d avg - · 3/10 sessions
-
90d avg - · 3/30 sessions
-
180d avg - · 3/60 sessions
-
30d avg - · 3/10 sessions
-
90d avg - · 3/30 sessions
-
180d avg - · 3/60 sessions
-
30d avg - · 3/10 sessions
-
90d avg - · 3/30 sessions
-
180d avg - · 3/60 sessions
-
Pressure Trail
Recent pressure and volatility
29 Jul 11:18
Volatility
Pressure 90
Move 14.6%
30 Jul 11:03
Volatility
Pressure 88
Move 4.9%
31 Jul 10:43
Bearish
Pressure -51
Move 2.1%
3 Aug 10:00
Volatility
Pressure -46
Move 10.8%
Strike Map
Where activity is clustering
Strike4.00
Calls · V 0 · OI 96
Puts · V 0 · OI 2
Strike5.00
Calls · V 0 · OI 1
Puts · V 0 · OI 2
Strike6.00
Calls · V 1 · OI 0
Puts · V 0 · OI 2
Strike7.00
Calls · V 0 · OI 2
Puts · V 0 · OI 4
Strike8.00
Calls · V 0 · OI 2
Puts · V 0 · OI 0
Strike9.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike10.00
Calls · V 0 · OI 0
Puts · V 0 · OI 10
Strike11.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Term Structure
Expiration activity
Expiry7 Aug 2026
Contracts54
Avg IV1.03
Put-call1.75
Expiry14 Aug 2026
Contracts52
Avg IV1.03
Put-call-
Expiry21 Aug 2026
Contracts60
Avg IV0.90
Put-call0.08
Expiry28 Aug 2026
Contracts44
Avg IV0.99
Put-call-
Expiry4 Sep 2026
Contracts44
Avg IV1.01
Put-call-
Skew
Call/put IV balance
7 Aug 2026Balanced skew
Call IV1.33
Put IV1.28
Skew-0.05
14 Aug 2026Put IV premium
Call IV1.04
Put IV1.16
Skew0.12
21 Aug 2026Balanced skew
Call IV0.98
Put IV0.96
Skew-0.02
28 Aug 2026Put IV premium
Call IV1.24
Put IV1.46
Skew0.21
4 Sep 2026Balanced skew
Call IV1.07
Put IV1.05
Skew-0.02
Contract Tape
Most active contracts
ContractODD260814P00007000
SidePut
Expiry14 Aug 2026
Strike7.00
Volume90
OI-
IV1.55
ContractODD260807P00014000
SidePut
Expiry7 Aug 2026
Strike14.00
Volume36
OI5
IV0.80
ContractODD260918P00015000
SidePut
Expiry18 Sep 2026
Strike15.00
Volume30
OI71
IV1.09
ContractODD260807P00013000
SidePut
Expiry7 Aug 2026
Strike13.00
Volume30
OI4
IV1.39
ContractODD260807C00014500
SideCall
Expiry7 Aug 2026
Strike14.50
Volume30
OI-
IV1.16
ContractODD260918P00022500
SidePut
Expiry18 Sep 2026
Strike22.50
Volume28
OI28
IV1.29
ContractODD260807P00012500
SidePut
Expiry7 Aug 2026
Strike12.50
Volume20
OI-
IV1.28
ContractODD260807C00015500
SideCall
Expiry7 Aug 2026
Strike15.50
Volume15
OI157
IV1.04
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.