Primary read
Bullish
Call-side pressure
Ticker Options Intelligence
DY options intelligence
Dycom Industries Inc options pressure, expected move, strike concentration, and Sharemaestro trend context.
Conviction
41
Market data through 31 Jul 2026
Checked 2 Aug 2026 05:53 · complete available chain
Call-side pressure
Bullish pressure
DY currently carries bullish options pressure with a 41/100 conviction score. The nearest-chain expected move is 12.6%, with volume/open-interest participation at 0.02.
Expected move
12.6%
Wider near-term move priced
Activity / OI
0.02
Current volume is quieter versus prior open interest
Put-call
0.42
Call-side skew
Trend fit
50
Options are not fully confirming trend
Weekly backdrop
-6.7%
RS 2.5
Expected move
12.6%
Put-call volume
0.42
Volume / OI
0.02
Reference IV
0.66
Max pain
410.00
Underlying
401.07
Nearest expiry
21 Aug 2026
Contracts
438
Research Brief
DY has a bullish chain read with 41/100 evidence alignment.
The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 350.47–451.67; The largest call open-interest concentration is 410.00; the largest put concentration is 430.00. The most active strike by current volume is 410.00.
Priced range350.47–451.67
Call concentration410.00
Put concentration430.00
Max pain reference410.00
- Price holds or improves while call-side concentration remains elevated.
- 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
Options imply 350.47 to 451.67. Max pain at 410.00 sits inside that range, 2.2% above spot.
Spot
Max pain
350.47401.07 ± 50.60451.67
Confirmation level
A close beyond 451.67 or below 350.47 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 41/100
Pressure is 42/100 toward calls; conviction uses its strength, while the signal label carries its direction.
Directional pressure42 × 42%
+17.6
How strongly activity leans toward calls or puts.
Participation9 × 22%
+1.9
Volume relative to existing open interest and contract-level activity.
Trend agreement50 × 26%
+12.9
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 410.00; the largest put concentration is 430.00. The most active strike by current volume is 410.00. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.
Put open interestStrikeCall open interest
23
330.00-17.7%
1
117
360.00-10.2%
4
39
370.00-7.7%
4
35
380.00-5.3%
40
18
390.00-2.8%
4
37
400.00-0.3%
18
38
410.002.2%
589
35
420.004.7%
291
268
430.007.2%
12
23
440.009.7%
20
68
450.0012.2%
197
114
460.0014.7%
235
0
470.0017.2%
33
0
480.0019.7%
13
2
490.0022.2%
48
10
500.0024.7%
128
49
520.0029.7%
5
Nearest spot strike Max pain strikeBars show relative OI within this expiry
Volatility Curve
Balanced volatility curve
Near- and longer-dated implied volatility are broadly aligned; no exceptional front-expiry premium is visible.
0.66
21 Aug
21d
0.68
18 Sep
49d
0.64
18 Dec
140d
0.61
19 Mar
231d
Volatility by Strike
Balanced wings
Comparable upside calls and downside puts carry broadly similar implied volatility.
330
340
350
360
370
380
390
400
410
420
430
440
450
460
470
480
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
- 438 / 438
- 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 leaning call-side while the stock is down on the week, a divergence that needs price confirmation.
Earnings/event positioning matters because it connects the options headline to the actual evidence: $652505 of estimated gross traded notional, calls · 8-21 days · atm, 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+42
1W price-6.7%
Call premium62%
Put premium38%
Notional split
C 62% / P 38%
Estimated gross traded notional uses volume × contract multiplier × midpoint, or last price when no valid midpoint is available.
Freshness
0.02
Volume divided by open interest across the visible chain.
Trend fit
50/100
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.
Calls · 8-21 days · ATM
calls cluster with 100 contracts traded, $218500 estimated gross traded notional, and 33% of visible notional.
$218500
Puts · 46-90 days · ITM
puts cluster with 11 contracts traded, $198005 estimated gross traded notional, and 30% of visible notional.
$198005
Calls · 46-90 days · OTM
calls cluster with 30 contracts traded, $97315 estimated gross traded notional, and 15% of visible notional.
$97315
Calls · 91+ days · ITM
calls cluster with 7 contracts traded, $68265 estimated gross traded notional, and 10% of visible notional.
$68265
Puts · 8-21 days · OTM
puts cluster with 47 contracts traded, $36762 estimated gross traded notional, and 6% of visible notional.
$36762
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.
Underlying price is close to the max-pain zone.
Call pressure is building while the stock sits above Sharemaestro fair value.
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
Close401.07
1W-6.7%
RS2.5
Fair value+76.8%
Options pressure42
Speculation9
Volatility86
Trend fit50
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 10:21
Mixed
Pressure 7
Move 13.4%
30 Jul 10:16
Volatility
Pressure 95
Move 15.8%
31 Jul 10:07
Volatility
Pressure 59
Move 12.0%
2 Aug 04:53
Bullish
Pressure 42
Move 12.6%
Strike Map
Where activity is clustering
Strike270.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike280.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike290.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike300.00
Calls · V 0 · OI 0
Puts · V 0 · OI 3
Strike310.00
Calls · V 1 · OI 0
Puts · V 0 · OI 6
Strike320.00
Calls · V 0 · OI 0
Puts · V 1 · OI 2
Strike330.00
Calls · V 0 · OI 1
Puts · V 0 · OI 23
Strike340.00
Calls · V 0 · OI 1
Puts · V 0 · OI 2
Term Structure
Expiration activity
Expiry21 Aug 2026
Contracts90
Avg IV0.66
Put-call0.43
Expiry18 Sep 2026
Contracts134
Avg IV0.68
Put-call0.43
Expiry18 Dec 2026
Contracts130
Avg IV0.64
Put-call2.00
Expiry19 Mar 2027
Contracts84
Avg IV0.61
Put-call-
Skew
Call/put IV balance
21 Aug 2026Put IV premium
Call IV0.59
Put IV0.66
Skew0.07
18 Sep 2026Balanced skew
Call IV0.68
Put IV0.69
Skew0.01
18 Dec 2026Balanced skew
Call IV0.64
Put IV0.64
Skew-
19 Mar 2027Balanced skew
Call IV0.61
Put IV0.61
Skew-
Contract Tape
Most active contracts
ContractDY260821C00410000
SideCall
Expiry21 Aug 2026
Strike410.00
Volume100
OI589
IV0.66
ContractDY260821P00360000
SidePut
Expiry21 Aug 2026
Strike360.00
Volume46
OI117
IV0.63
ContractDY260918C00420000
SideCall
Expiry18 Sep 2026
Strike420.00
Volume29
OI182
IV0.69
ContractDY260821C00440000
SideCall
Expiry21 Aug 2026
Strike440.00
Volume6
OI20
IV0.64
ContractDY260918P00560000
SidePut
Expiry18 Sep 2026
Strike560.00
Volume5
OI5
IV0.71
ContractDY260821C00510000
SideCall
Expiry21 Aug 2026
Strike510.00
Volume3
OI4
IV0.78
ContractDY260918P00690000
SidePut
Expiry18 Sep 2026
Strike690.00
Volume3
OI-
IV0.91
ContractDY260821P00430000
SidePut
Expiry21 Aug 2026
Strike430.00
Volume2
OI268
IV0.65
Research Graph
Related research and context
Sharemaestro research
Related News
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.