Primary read
Bearish
Put-side pressure
Ticker Options Intelligence
AGYS options intelligence
Agilysys Inc options pressure, expected move, strike concentration, and Sharemaestro trend context.
Conviction
45
Market data through 12 Aug 2026
Checked 13 Aug 2026 12:22 · complete available chain
Put-side pressure
Bearish pressure
AGYS currently carries bearish options pressure with a 45/100 conviction score. The nearest-chain expected move is 7.8%, with volume/open-interest participation at 0.03.
Expected move
7.8%
Wider near-term move priced
Activity / OI
0.03
Current volume is quieter versus prior open interest
Put-call
2.27
Put-side skew
Trend fit
81
Options agree with trend context
Weekly backdrop
+3.3%
RS -3.8
Expected move
7.8%
Put-call volume
2.27
Volume / OI
0.03
Reference IV
0.54
Max pain
90.00
Underlying
108.58
Nearest expiry
21 Aug 2026
Contracts
204
Research Brief
AGYS has a bearish chain read with 45/100 evidence alignment.
The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 100.08–117.08; The largest call open-interest concentration is 140.00; the largest put concentration is 85.00. The most active strike by current volume is 95.00.
Priced range100.08–117.08
Call concentration140.00
Put concentration85.00
Max pain reference90.00
- Price remains weak while put-side concentration persists.
- The current chain read already agrees with the stored weekly trend context.
- Price recovers while put pressure fades or reverses toward calls.
Priced Move
Where the chain says movement becomes exceptional
Options imply 100.08 to 117.08. Max pain at 90.00 lies outside the priced range, so it is a weak near-term anchor.
Spot
Max pain
100.08108.58 ± 8.50117.08
Confirmation level
A close beyond 117.08 or below 100.08 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 45/100
Pressure is 29/100 toward puts; conviction uses its strength, while the signal label carries its direction.
Directional pressure29 × 42%
+12.2
How strongly activity leans toward calls or puts.
Participation21 × 22%
+4.6
Volume relative to existing open interest and contract-level activity.
Trend agreement81 × 26%
+21.0
How closely the chain read agrees with the underlying trend backdrop.
Volatility69 × 10%
+6.9
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 140.00; the largest put concentration is 85.00. The most active strike by current volume is 95.00. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.
Put open interestStrikeCall open interest
0
45.00-58.6%
2
2
65.00-40.1%
1
1
70.00-35.5%
1
7
75.00-30.9%
0
4
80.00-26.3%
1
18
85.00-21.7%
7
14
90.00-17.1%
9
4
95.00-12.5%
5
6
100.00-7.9%
22
10
105.00-3.3%
21
0
110.001.3%
50
1
115.005.9%
18
0
120.0010.5%
22
0
125.0015.1%
16
0
130.0019.7%
6
0
140.0028.9%
109
0
145.0033.5%
3
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+$99,797Delta change / 1% move
Positive peak110.00+$25,822
Negative peak55.00-$31
Nearest balance65.72Interpolated sign change
StrikeNegativePositiveNet / 1% move
60.00-44.7%
+$113
65.00-40.1%
-$26
70.00-35.5%
+$153
75.00-30.9%
+$78
80.00-26.3%
+$11,344
85.00-21.7%
+$67
90.00-17.1%
+$2,128
95.00-12.5%
+$709
100.00-7.9%
+$11,022
105.00-3.3%
+$11,366
110.001.3%
+$25,822
115.005.9%
+$3,753
120.0010.5%
+$7,680
125.0015.1%
+$10,956
130.0019.7%
+$6,167
135.0024.3%
+$5,847
140.0028.9%
+$1,268
145.0033.5%
+$258
150.0038.1%
+$387
155.0042.8%
+$326
160.0047.4%
+$87
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.
0.54
21 Aug
9d
0.51
18 Sep
37d
0.51
16 Oct
65d
0.57
15 Jan
156d
Volatility by Strike
Downside protection premium
Out-of-the-money puts carry higher implied volatility than comparable calls, indicating richer downside protection.
90
95
100
105
110
115
120
125
130
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
- Auditable calculationoriginal version retained
- Independent entryone read per market session
- Point-in-time referencerequired at entry
- Matched expiry closereported only after maturity
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
High
Retained chain100%
Implied volatility100%
Two-sided quotes100%
Open interest100%
- Chain status
- Complete available chain
- Market date
- 12 Aug 2026
- Calculation
- v2.0
- Contracts
- 204 / 204
- 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
Put-heavy activity
Put-side activity dominates. This can reflect hedging or directional positioning, but the chain alone cannot distinguish buying from selling.
Put-side pressure is building while price is rising, a cautionary divergence.
Put-heavy activity matters because it connects the options headline to the actual evidence: $10,232 of estimated gross traded notional, puts · 8-21 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-29
1W price+3.3%
Call premium42%
Put premium58%
Notional split
C 42% / P 58%
Estimated gross traded notional uses volume × contract multiplier × midpoint, or last price when no valid midpoint is available.
Freshness
0.03
Volume divided by open interest across the visible chain.
Trend fit
81/100
Agreement between options pressure and Sharemaestro market context.
Aggregate chain data does not identify trade aggressor or opening versus closing activity; call/put concentration is not proof of market direction.
Puts · 8-21 days · OTM
puts cluster with 20 contracts traded, $2,765 estimated gross traded notional, and 27% of visible notional.
$2,765
Puts · 46-90 days · ATM
puts cluster with 2 contracts traded, $2,110 estimated gross traded notional, and 21% of visible notional.
$2,110
Calls · 46-90 days · ATM
calls cluster with 2 contracts traded, $1,530 estimated gross traded notional, and 15% of visible notional.
$1,530
Calls · 8-21 days · ATM
calls cluster with 5 contracts traded, $1,450 estimated gross traded notional, and 14% of visible notional.
$1,450
Puts · 46-90 days · OTM
puts cluster with 2 contracts traded, $920 estimated gross traded notional, and 9% of visible notional.
$920
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
9 of 10 completed market sessions are available. More session history is needed before activity can be compared with a reliable normal.
Baseline: 9 completed sessions
Volume rank-
Volume/OI rank-
IV rank-
Market Context
Underlying confirmation
Close108.58
1W+3.3%
RS-3.8
Fair value+13.4%
Options pressure-29
Speculation21
Volatility69
Trend fit81
Today Versus Normal
Stored-options context
30d avg - · 9/10 sessions
-
90d avg - · 9/30 sessions
-
180d avg - · 9/60 sessions
-
30d avg - · 9/10 sessions
-
90d avg - · 9/30 sessions
-
180d avg - · 9/60 sessions
-
30d avg - · 9/10 sessions
-
90d avg - · 9/30 sessions
-
180d avg - · 9/60 sessions
-
30d avg - · 9/10 sessions
-
90d avg - · 9/30 sessions
-
180d avg - · 9/60 sessions
-
Pressure Trail
Recent pressure and volatility
29 Jul 10:59
Volatility
Pressure 69
Move 16.8%
30 Jul 10:48
Volatility
Pressure 99
Move 16.7%
31 Jul 10:32
Bullish
Pressure 37
Move 12.4%
1 Aug 04:32
Bullish
Pressure 43
Move 12.2%
2 Aug 18:29
Volatility
Pressure 69
Move 11.0%
4 Aug 10:41
Volatility
Pressure 72
Move 10.8%
5 Aug 11:12
Volatility
Pressure 93
Move 11.5%
6 Aug 11:15
Bullish
Pressure 74
Move 11.0%
Strike Map
Where activity is clustering
Strike45.00
Calls · V 0 · OI 2
Puts · V 0 · OI 0
Strike50.00
Calls · V 0 · OI 1
Puts · V 0 · OI 0
Strike55.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike60.00
Calls · V 0 · OI 1
Puts · V 0 · OI 0
Strike65.00
Calls · V 0 · OI 1
Puts · V 0 · OI 2
Strike70.00
Calls · V 0 · OI 1
Puts · V 0 · OI 1
Strike75.00
Calls · V 0 · OI 0
Puts · V 0 · OI 7
Strike80.00
Calls · V 0 · OI 1
Puts · V 0 · OI 4
Term Structure
Expiration activity
Expiry21 Aug 2026
Contracts48
Avg IV0.54
Put-call2.86
Expiry18 Sep 2026
Contracts44
Avg IV0.51
Put-call0.50
Expiry16 Oct 2026
Contracts56
Avg IV0.51
Put-call2.00
Expiry15 Jan 2027
Contracts56
Avg IV0.57
Put-call-
Skew
Call/put IV balance
21 Aug 2026Put IV premium
Call IV0.59
Put IV0.70
Skew0.11
18 Sep 2026Put IV premium
Call IV0.46
Put IV0.57
Skew0.11
16 Oct 2026Put IV premium
Call IV0.49
Put IV0.57
Skew0.08
15 Jan 2027Balanced skew
Call IV0.55
Put IV0.59
Skew0.04
Contract Tape
Most active contracts
ContractAGYS260821P00100000
SidePut
Expiry21 Aug 2026
Strike100.00
Volume10
OI6
IV0.70
ContractAGYS260821P00095000
SidePut
Expiry21 Aug 2026
Strike95.00
Volume10
OI4
IV0.32
ContractAGYS260821C00110000
SideCall
Expiry21 Aug 2026
Strike110.00
Volume5
OI50
IV0.59
ContractAGYS261016C00110000
SideCall
Expiry16 Oct 2026
Strike110.00
Volume2
OI11
IV0.47
ContractAGYS260918C00115000
SideCall
Expiry18 Sep 2026
Strike115.00
Volume2
OI2
IV0.47
ContractAGYS261016P00095000
SidePut
Expiry16 Oct 2026
Strike95.00
Volume2
OI-
IV0.57
ContractAGYS261016P00110000
SidePut
Expiry16 Oct 2026
Strike110.00
Volume2
OI-
IV0.52
ContractAGYS260821C00105000
SideCall
Expiry21 Aug 2026
Strike105.00
Volume1
OI21
IV0.49
Research Graph
Related research and context
Sharemaestro research
Related News
No recent ticker-specific news yet.
Market Watch
Earnings
No upcoming matched earnings event.
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.