Ticker Options Intelligence

SNDR options intelligence

Schneider National Inc options pressure, expected move, strike concentration, and Sharemaestro trend context.

Conviction 45 Market data through 30 Jul 2026 Checked 31 Jul 2026 07:29 · complete available chain

Call-side pressure

Bullish pressure

SNDR currently carries bullish options pressure with a 45/100 conviction score. The nearest-chain expected move is 3.3%, with volume/open-interest participation at 0.82.

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

Call-side pressure

Expected move 3.3%

Near-term move context

Activity / OI 0.82

Current volume is elevated versus prior open interest

Put-call 0.28

Call-side skew

Trend fit 37

Options are not fully confirming trend

Weekly backdrop -5.0%

RS 18.2

Expected move 3.3%
Put-call volume 0.28
Volume / OI 0.82
Reference IV 0.14
Max pain 35.00
Underlying 37.61
Nearest expiry 21 Aug 2026
Contracts 30

Research Brief

SNDR has a bullish 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 36.36–38.86; The largest call open-interest concentration is 35.00; the largest put concentration is 35.00. The most active strike by current volume is 40.00.

Priced range36.36–38.86
Call concentration35.00
Put concentration35.00
Max pain reference35.00
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.

Priced Move

Where the chain says movement becomes exceptional

Size, not direction · through 21 Aug

Options imply 36.36 to 38.86. Max pain at 35.00 lies outside the priced range, so it is a weak near-term anchor.

Spot Max pain
36.3637.61 ± 1.2538.86
Confirmation level

A close beyond 38.86 or below 36.36 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

Evidence alignment, not probability

Pressure is 65/100 toward calls; conviction uses its strength, while the signal label carries its direction.

Directional pressure65 × 42%
+27.4

How strongly activity leans toward calls or puts.

Participation27 × 22%
+5.9

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

Trend agreement37 × 26%
+9.6

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

Volatility23 × 10%
+2.3

The intensity of implied volatility and the priced move.

Reconstructed score45.3Matches stored calculation

Positioning by Strike

Where open interest and current activity concentrate

Full strike map

The largest call open-interest concentration is 35.00; the largest put concentration is 35.00. 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
35.00-6.9%
0
0
40.006.4%
0
0
50.0032.9%
0
Nearest spot strike Max pain strikeBars show relative OI within this expiry

Volatility Curve

Balanced volatility curve

1.11× front/back

Near- and longer-dated implied volatility are broadly aligned; no exceptional front-expiry premium is visible.

0.14 21 Aug 22d
0.05 18 Sep 50d
0.20 16 Oct 78d
0.33 20 Nov 113d
0.12 15 Jan 169d

Volatility by Strike

Smile incomplete

Nearest expiry, within 20% of spot

There is not enough comparable OTM call and put volatility to classify the smile.

35
40
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
30 / 30
  • 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

Directional flow, confirmation needed

33/100
Primary intent Directional flow, confirmation needed

There is useful activity, but aggregate chain data does not isolate participant intent.

Flow vs price divergence Bullish flow against weak price

Options are leaning call-side while the stock is down on the week, a divergence that needs price confirmation.

Why this matters

Directional flow, confirmation needed matters because it connects the options headline to the actual evidence: $56990 of estimated gross traded notional, calls · 91+ days · itm, and a bullish flow against weak price backdrop. Use it as a research priority signal, then validate the chart, liquidity, event calendar, and risk before acting.

Options pressure+65
1W price-5.0%
Call premium72%
Put premium28%
Notional split C 72% / P 28% Estimated gross traded notional uses volume × contract multiplier × midpoint, or last price when no valid midpoint is available.
Freshness 0.82 Volume divided by open interest across the visible chain.
Trend fit 37/100 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.
Conviction clusters Calls · 91+ days · ITM
Calls · 91+ days · ITM calls cluster with 25 contracts traded, $26600 estimated gross traded notional, and 47% of visible notional.
$26600
Puts · 46-90 days · ITM puts cluster with 13 contracts traded, $12510 estimated gross traded notional, and 22% of visible notional.
$12510
Calls · 91+ days · OTM calls cluster with 109 contracts traded, $9468 estimated gross traded notional, and 17% of visible notional.
$9468
Calls · 46-90 days · ITM calls cluster with 9 contracts traded, $4715 estimated gross traded notional, and 8% of visible notional.
$4715
Puts · 46-90 days · OTM puts cluster with 25 contracts traded, $2958 estimated gross traded notional, and 5% of visible notional.
$2958

Setup Classification

Opportunity and risk frame

Context, not advice
Warning Speculative chase

Participation is active enough to treat follow-through risk carefully.

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
Close35.74
1W-5.0%
RS18.2
Fair value+38.1%
Options pressure65
Speculation27
Volatility23
Trend fit37

Today Versus Normal

Stored-options context

View history
Expected move 3.3% history building
30d avg - · 2/10 sessions -
90d avg - · 2/30 sessions -
180d avg - · 2/60 sessions -
IV 0.14 history building
30d avg - · 2/10 sessions -
90d avg - · 2/30 sessions -
180d avg - · 2/60 sessions -
Put-call 0.28 history building
30d avg - · 2/10 sessions -
90d avg - · 2/30 sessions -
180d avg - · 2/60 sessions -
Volume/OI 0.82 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 10:36 Bullish
Pressure 45
Move 15.3%
30 Jul 10:33 Mixed
Pressure 11
Move 14.6%
31 Jul 05:05 Bullish
Pressure 47
Move 16.6%
31 Jul 06:29 Bullish
Pressure 65
Move 3.3%

Strike Map

Where activity is clustering

Full strike map
Strike35.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike40.00
Calls · V 1 · OI 0
Puts · V 0 · OI 0
Strike50.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0

Term Structure

Expiration activity

Volume and IV
Expiry21 Aug 2026
Contracts3
Avg IV0.14
Put-call-
Expiry18 Sep 2026
Contracts3
Avg IV0.05
Put-call-
Expiry16 Oct 2026
Contracts11
Avg IV0.20
Put-call9.50
Expiry20 Nov 2026
Contracts3
Avg IV0.33
Put-call-
Expiry15 Jan 2027
Contracts10
Avg IV0.12
Put-call0.02

Skew

Call/put IV balance

OTM demand
21 Aug 2026Incomplete skew
Call IV0.13
Put IV-
Skew-
18 Sep 2026Call IV premium
Call IV0.13
Put IV0.00
Skew-0.12
16 Oct 2026Call IV premium
Call IV0.60
Put IV0.51
Skew-0.08
20 Nov 2026Incomplete skew
Call IV0.06
Put IV-
Skew-
15 Jan 2027Call IV premium
Call IV0.06
Put IV0.00
Skew-0.06

Contract Tape

Most active contracts

Full contract tape
ContractSNDR261016C00040000
SideCall
Expiry16 Oct 2026
Strike40.00
Volume-
OI75
IV0.60
ContractSNDR261016P00020000
SidePut
Expiry16 Oct 2026
Strike20.00
Volume-
OI9
IV0.83
ContractSNDR261016P00022500
SidePut
Expiry16 Oct 2026
Strike22.50
Volume-
OI1
IV1.03
ContractSNDR261016C00025000
SideCall
Expiry16 Oct 2026
Strike25.00
Volume-
OI-
IV0.00
ContractSNDR260821C00035000
SideCall
Expiry21 Aug 2026
Strike35.00
Volume-
OI-
IV0.03
ContractSNDR260821C00050000
SideCall
Expiry21 Aug 2026
Strike50.00
Volume-
OI-
IV0.25
ContractSNDR260918P00035000
SidePut
Expiry18 Sep 2026
Strike35.00
Volume-
OI-
IV0.00
ContractSNDR270115C00035000
SideCall
Expiry15 Jan 2027
Strike35.00
Volume-
OI-
IV0.01