Primary read
Bearish
Put-side pressure
Ticker Options Intelligence
JBSS options intelligence
John B Sanfilippo & Son Inc options pressure, expected move, strike concentration, and Sharemaestro trend context.
Conviction
50
Market data through 31 Jul 2026
Checked 1 Aug 2026 17:31 · complete available chain
Put-side pressure
Bearish pressure
JBSS currently carries bearish options pressure with a 50/100 conviction score. The nearest-chain expected move is 9.3%, with volume/open-interest participation at 0.01.
Expected move
9.3%
Wider near-term move priced
Activity / OI
0.01
Current volume is quieter versus prior open interest
Put-call
-
Balanced tape
Trend fit
11
Options are not fully confirming trend
Weekly backdrop
+1.9%
RS 4.6
Expected move
9.3%
Put-call volume
-
Volume / OI
0.01
Reference IV
0.38
Max pain
85.00
Underlying
82.76
Nearest expiry
21 Aug 2026
Contracts
132
Research Brief
JBSS has a bearish chain read with 50/100 evidence alignment.
The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 75.03–90.49; The largest call open-interest concentration is 90.00; the largest put concentration is 85.00. The most active strike by current volume is 40.00.
Priced range75.03–90.49
Call concentration90.00
Put concentration85.00
Max pain reference85.00
- Price remains weak while put-side concentration persists.
- Price recovers while put pressure fades or reverses toward calls.
- 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
Options imply 75.03 to 90.49. Max pain at 85.00 sits inside that range, 2.7% above spot.
Spot
Max pain
75.0382.76 ± 7.7390.49
Confirmation level
A close beyond 90.49 or below 75.03 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 50/100
Pressure is 92/100 toward puts; conviction uses its strength, while the signal label carries its direction.
Directional pressure92 × 42%
+38.7
How strongly activity leans toward calls or puts.
Participation7 × 22%
+1.5
Volume relative to existing open interest and contract-level activity.
Trend agreement11 × 26%
+2.9
How closely the chain read agrees with the underlying trend backdrop.
Volatility64 × 10%
+6.4
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 90.00; the largest put concentration is 85.00. The most active strike by current volume is 40.00. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.
Put open interestStrikeCall open interest
0
40.00-51.7%
0
0
45.00-45.6%
0
0
50.00-39.6%
0
0
55.00-33.5%
0
0
60.00-27.5%
0
0
65.00-21.5%
0
0
70.00-15.4%
0
0
75.00-9.4%
0
2
80.00-3.3%
1
51
85.002.7%
5
0
90.008.7%
12
0
95.0014.8%
0
0
100.0020.8%
2
0
105.0026.9%
0
0
110.0032.9%
0
0
115.0039.0%
0
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.
0.38
21 Aug
21d
0.28
18 Sep
49d
0.32
18 Dec
140d
0.32
19 Mar
231d
Volatility by Strike
Downside protection premium
Out-of-the-money puts carry higher implied volatility than comparable calls, indicating richer downside protection.
70
75
80
85
90
95
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
High
Retained chain100%
Implied volatility100%
Two-sided quotes100%
Open interest100%
- Chain status
- Complete available chain
- Market date
- 31 Jul 2026
- Calculation
- v2.0
- Contracts
- 132 / 132
- 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.
Put-side pressure is building while price is rising, a cautionary divergence.
Earnings/event positioning matters because it connects the options headline to the actual evidence: $1900 of estimated gross traded notional, puts · 91+ days · otm, and a bearish flow against rising price backdrop. Use it as a research priority signal, then validate the chart, liquidity, event calendar, and risk before acting.
Options pressure-92
1W price+1.9%
Call premium0%
Put premium100%
Notional split
C 0% / P 100%
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
11/100
Agreement between options pressure and Sharemaestro market context.
Event window
19 Aug
Matched earnings event is 17 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 · 91+ days · OTM
puts cluster with 4 contracts traded, $1900 estimated gross traded notional, and 100% of visible notional.
$1900
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.
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
Close82.76
1W+1.9%
RS4.6
Fair value+4.0%
Options pressure-92
Speculation7
Volatility64
Trend fit11
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 - · 2/10 sessions
-
90d avg - · 2/30 sessions
-
180d avg - · 2/60 sessions
-
30d avg - · 3/10 sessions
-
90d avg - · 3/30 sessions
-
180d avg - · 3/60 sessions
-
Pressure Trail
Recent pressure and volatility
29 Jul 11:15
Bearish
Pressure -71
Move 7.6%
30 Jul 11:01
Volatility
Pressure 100
Move 10.4%
30 Jul 18:38
Bullish
Pressure 32
Move 9.0%
31 Jul 05:22
Bearish
Pressure -92
Move 8.8%
31 Jul 14:37
Bullish
Pressure 28
Move 9.5%
1 Aug 16:31
Bearish
Pressure -92
Move 9.3%
Strike Map
Where activity is clustering
Strike40.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike45.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike50.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike55.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike60.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike65.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike70.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike75.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Term Structure
Expiration activity
Expiry21 Aug 2026
Contracts32
Avg IV0.38
Put-call-
Expiry18 Sep 2026
Contracts30
Avg IV0.28
Put-call-
Expiry18 Dec 2026
Contracts34
Avg IV0.32
Put-call-
Expiry19 Mar 2027
Contracts36
Avg IV0.32
Put-call-
Skew
Call/put IV balance
21 Aug 2026Put IV premium
Call IV0.42
Put IV0.51
Skew0.09
18 Sep 2026Put IV premium
Call IV0.07
Put IV0.40
Skew0.32
18 Dec 2026Balanced skew
Call IV0.35
Put IV0.37
Skew0.02
19 Mar 2027Put IV premium
Call IV0.27
Put IV0.35
Skew0.08
Contract Tape
Most active contracts
ContractJBSS261218P00078500
SidePut
Expiry18 Dec 2026
Strike78.50
Volume4
OI5
IV0.36
ContractJBSS260918C00083500
SideCall
Expiry18 Sep 2026
Strike83.50
Volume-
OI63
IV0.31
ContractJBSS261218C00088500
SideCall
Expiry18 Dec 2026
Strike88.50
Volume-
OI56
IV0.28
ContractJBSS260821P00085000
SidePut
Expiry21 Aug 2026
Strike85.00
Volume-
OI51
IV0.51
ContractJBSS260918C00098500
SideCall
Expiry18 Sep 2026
Strike98.50
Volume-
OI29
IV0.18
ContractJBSS261218C00083500
SideCall
Expiry18 Dec 2026
Strike83.50
Volume-
OI18
IV0.30
ContractJBSS270319P00055000
SidePut
Expiry19 Mar 2027
Strike55.00
Volume-
OI13
IV0.20
ContractJBSS260821C00090000
SideCall
Expiry21 Aug 2026
Strike90.00
Volume-
OI12
IV0.14
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.