Primary read
Volatility
Volatility expansion watch
Ticker Options Intelligence
ALAB options intelligence
Astera Labs, Inc. options pressure, expected move, strike concentration, and Sharemaestro trend context.
Conviction
48
Market data through 30 Jul 2026
Checked 31 Jul 2026 11:02 · partial chain
Volatility expansion watch
Volatility pressure
ALAB currently carries volatility options pressure with a 48/100 conviction score. The nearest-chain expected move is 7.5%, with volume/open-interest participation at 0.15.
Expected move
7.5%
Wider near-term move priced
Activity / OI
0.15
Current volume is quieter versus prior open interest
Put-call
0.75
Call-side skew
Trend fit
90
Options agree with trend context
Weekly backdrop
-4.0%
RS 34.1
Expected move
7.5%
Put-call volume
0.75
Volume / OI
0.15
Reference IV
1.70
Max pain
275.00
Underlying
291.58
Nearest expiry
31 Jul 2026
Contracts
2000
Research Brief
ALAB has a volatility chain read with 48/100 evidence alignment.
The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 269.65–313.51; The largest call open-interest concentration is 267.50; the largest put concentration is 275.00. The most active strike by current volume is 270.00.
Priced range269.65–313.51
Call concentration267.50
Put concentration275.00
Max pain reference275.00
- 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 269.65 to 313.51. Max pain at 275.00 sits inside that range, 5.7% below spot.
Spot
Max pain
269.65291.58 ± 21.93313.51
Confirmation level
A close beyond 313.51 or below 269.65 at the 31 Jul 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 48/100
Pressure is 16/100 toward calls; conviction uses its strength, while the signal label carries its direction.
Directional pressure16 × 42%
+6.7
How strongly activity leans toward calls or puts.
Participation44 × 22%
+9.6
Volume relative to existing open interest and contract-level activity.
Trend agreement90 × 26%
+23.4
How closely the chain read agrees with the underlying trend backdrop.
Volatility86 × 10%
+8.6
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 267.50; the largest put concentration is 275.00. The most active strike by current volume is 270.00. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.
Put open interestStrikeCall open interest
924
220.00-24.5%
4
1295
230.00-21.1%
13
1027
242.50-16.8%
1
610
250.00-14.3%
63
979
255.00-12.5%
79
656
260.00-10.8%
109
165
267.50-8.3%
1519
282
270.00-7.4%
1182
31
272.50-6.5%
1493
2054
275.00-5.7%
77
1187
290.00-0.5%
154
66
292.500.3%
1167
317
295.001.2%
158
455
320.009.7%
524
106
325.0011.5%
507
78
330.0013.2%
1144
63
335.0014.9%
177
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.
1.70
31 Jul
1d
1.58
7 Aug
8d
1.37
14 Aug
15d
1.29
21 Aug
22d
1.25
28 Aug
29d
1.22
4 Sep
36d
1.19
11 Sep
43d
1.19
18 Sep
50d
Volatility by Strike
Downside protection premium
Out-of-the-money puts carry higher implied volatility than comparable calls, indicating richer downside protection.
235
240
245
253
258
263
270
275
280
285
290
298
303
308
315
320
325
330
335
343
348
Put IV Call IV
Historical Replay
How matured reads behaved through expiry
Forward validation is building. The earliest eligible stored read expires 31 Jul 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
Good
Retained chain63%
Implied volatility100%
Two-sided quotes100%
Open interest100%
- Chain status
- Retained chain subset
- Market date
- 30 Jul 2026
- Calculation
- v2.0
- Contracts
- 2000 / 3182
- 63% of provider contracts were retained for this snapshot.
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: $36.1M of estimated gross traded notional, calls · 0-7 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+16
1W price-4.0%
Call premium73%
Put premium27%
Notional split
C 73% / P 27%
Estimated gross traded notional uses volume × contract multiplier × midpoint, or last price when no valid midpoint is available.
Freshness
0.15
Volume divided by open interest across the visible chain.
Trend fit
90/100
Agreement between options pressure and Sharemaestro market context.
Event window
4 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.
Calls · 0-7 days · ITM
calls cluster with 2371 contracts traded, $8.2M estimated gross traded notional, and 23% of visible notional.
$8.2M
Calls · 0-7 days · OTM
calls cluster with 6577 contracts traded, $5.6M estimated gross traded notional, and 15% of visible notional.
$5.6M
Calls · 0-7 days · ATM
calls cluster with 1503 contracts traded, $3.2M estimated gross traded notional, and 9% of visible notional.
$3.2M
Puts · 0-7 days · OTM
puts cluster with 6667 contracts traded, $3.0M estimated gross traded notional, and 8% of visible notional.
$3.0M
Calls · 46-90 days · ITM
calls cluster with 184 contracts traded, $1.6M estimated gross traded notional, and 5% of visible notional.
$1.6M
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
Close291.58
1W-4.0%
RS34.1
Fair value+121.8%
Options pressure16
Speculation44
Volatility86
Trend fit90
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 10:06
Volatility
Pressure 42
Move 13.1%
30 Jul 10:04
Volatility
Pressure 13
Move 15.9%
31 Jul 10:02
Volatility
Pressure 16
Move 7.5%
Strike Map
Where activity is clustering
Strike175.00
Calls · V 3 · OI 4
Puts · V 2 · OI 84
Strike180.00
Calls · V 3 · OI 1
Puts · V 1 · OI 40
Strike185.00
Calls · V 0 · OI 1
Puts · V 53 · OI 207
Strike190.00
Calls · V 0 · OI 2
Puts · V 56 · OI 68
Strike195.00
Calls · V 0 · OI 3
Puts · V 102 · OI 169
Strike197.50
Calls · V 0 · OI 0
Puts · V 1 · OI 0
Strike200.00
Calls · V 0 · OI 30
Puts · V 34 · OI 478
Strike202.50
Calls · V 0 · OI 0
Puts · V 1 · OI 0
Term Structure
Expiration activity
Expiry31 Jul 2026
Contracts280
Avg IV1.70
Put-call0.77
Expiry7 Aug 2026
Contracts308
Avg IV1.58
Put-call0.62
Expiry14 Aug 2026
Contracts272
Avg IV1.37
Put-call0.78
Expiry21 Aug 2026
Contracts224
Avg IV1.29
Put-call1.14
Expiry28 Aug 2026
Contracts194
Avg IV1.25
Put-call0.95
Skew
Call/put IV balance
31 Jul 2026Put IV premium
Call IV1.61
Put IV1.75
Skew0.14
7 Aug 2026Put IV premium
Call IV1.39
Put IV1.61
Skew0.21
14 Aug 2026Put IV premium
Call IV1.27
Put IV1.42
Skew0.15
21 Aug 2026Put IV premium
Call IV1.21
Put IV1.34
Skew0.13
28 Aug 2026Put IV premium
Call IV1.20
Put IV1.27
Skew0.08
Contract Tape
Most active contracts
ContractALAB260807P00272500
SidePut
Expiry7 Aug 2026
Strike272.50
Volume1267
OI-
IV1.59
ContractALAB260731P00230000
SidePut
Expiry31 Jul 2026
Strike230.00
Volume1015
OI1295
IV1.70
ContractALAB260731C00270000
SideCall
Expiry31 Jul 2026
Strike270.00
Volume1007
OI1182
IV1.59
ContractALAB260807C00312500
SideCall
Expiry7 Aug 2026
Strike312.50
Volume961
OI2
IV1.54
ContractALAB260731C00327500
SideCall
Expiry31 Jul 2026
Strike327.50
Volume832
OI58
IV1.78
ContractALAB260731C00335000
SideCall
Expiry31 Jul 2026
Strike335.00
Volume772
OI177
IV1.65
ContractALAB260731C00325000
SideCall
Expiry31 Jul 2026
Strike325.00
Volume726
OI507
IV1.64
ContractALAB260731P00220000
SidePut
Expiry31 Jul 2026
Strike220.00
Volume634
OI924
IV2.30
Research Graph
Related research and context
Sharemaestro research
Related News
Market Watch
Astera Labs, Inc. (ALAB) carries a 137.3% 12-week semiconductor rally16 Jul 2026 16:14
Astera Labs (ALAB) 12-week gain reaches 137.3% in weekly context14 Jul 2026 15:24
Astera Labs (ALAB) keeps active weekly trend as turnover thins13 Jul 2026 20:40
Astera Labs, Inc. (ALAB) 12-week climb reaches 172.7% in weekly context8 Jul 2026 06:24
Astera Labs, Inc. (ALAB) weekly pullback tests a still-strong semiconductor run3 Jul 2026 10:09
Astera Labs (ALAB) hits 270.8% twelve-week advance in semiconductor momentum24 Jun 2026 22:15
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.