Primary read
Volatility
Volatility expansion watch
Ticker Options Intelligence
SOLS options intelligence
Solstice Advanced Materials, Inc options pressure, expected move, strike concentration, and Sharemaestro trend context.
Conviction
55
Market data through 3 Aug 2026
Checked 4 Aug 2026 11:04 · complete available chain
Volatility expansion watch
Volatility pressure
SOLS currently carries volatility options pressure with a 55/100 conviction score. The nearest-chain expected move is 11.0%, with volume/open-interest participation at 0.11.
Expected move
11.0%
Wider near-term move priced
Activity / OI
0.11
Current volume is quieter versus prior open interest
Put-call
0.15
Call-side skew
Trend fit
29
Options are not fully confirming trend
Weekly backdrop
-0.6%
Sharemaestro weekly context
Expected move
11.0%
Put-call volume
0.15
Volume / OI
0.11
Reference IV
0.62
Max pain
65.00
Underlying
60.17
Nearest expiry
21 Aug 2026
Contracts
154
Research Brief
SOLS has a volatility chain read with 55/100 evidence alignment.
The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 53.55–66.79; The largest call open-interest concentration is 80.00; the largest put concentration is 55.00. The most active strike by current volume is 80.00.
Priced range53.55–66.79
Call concentration80.00
Put concentration55.00
Max pain reference65.00
- A clear directional pressure reading develops and price begins to agree.
- Volatility falls and the chain remains directionally mixed.
- Options and the weekly trend are not yet giving the same message.
Priced Move
Where the chain says movement becomes exceptional
Options imply 53.55 to 66.79. Max pain at 65.00 sits inside that range, 8.0% above spot.
Spot
Max pain
53.5560.17 ± 6.6266.79
Confirmation level
A close beyond 66.79 or below 53.55 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 55/100
Pressure is 71/100 toward calls; conviction uses its strength, while the signal label carries its direction.
Directional pressure71 × 42%
+30.0
How strongly activity leans toward calls or puts.
Participation43 × 22%
+9.4
Volume relative to existing open interest and contract-level activity.
Trend agreement29 × 26%
+7.4
How closely the chain read agrees with the underlying trend backdrop.
Volatility83 × 10%
+8.3
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 80.00; the largest put concentration is 55.00. The most active strike by current volume is 80.00. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.
Put open interestStrikeCall open interest
910
45.00-25.2%
66
6142
50.00-16.9%
121
27195
55.00-8.6%
1686
1497
60.00-0.3%
3425
8478
65.008.0%
5424
800
70.0016.3%
2089
96
75.0024.6%
2755
96
80.0033.0%
6466
84
85.0041.3%
1638
1
90.0049.6%
1022
117
95.0057.9%
3685
2
100.0066.2%
809
0
105.0074.5%
147
0
110.0082.8%
1717
0
120.0099.4%
782
0
125.00107.7%
105
0
130.00116.1%
141
Nearest spot strike Max pain strikeBars show relative OI within this expiry
Gamma Profile by Strike
Negative gamma proxy
Put-side gamma sensitivity outweighs the call-side proxy across the retained chain. The largest bars mark levels where delta-hedging sensitivity may be most concentrated.
Net profile-$2.3MDelta change / 1% move
Positive peak60.00+$325,829
Negative peak55.00-$2.8M
Nearest balance59.48Interpolated sign change
StrikeNegativePositiveNet / 1% move
25.00-58.5%
+$5
30.00-50.1%
-$44
35.00-41.8%
+$657
40.00-33.5%
+$832
45.00-25.2%
-$69,924
50.00-16.9%
-$474,485
55.00-8.6%
-$2.8M
60.00-0.3%
+$325,829
65.008.0%
-$414,478
70.0016.3%
+$232,638
75.0024.6%
+$246,063
80.0033.0%
+$317,575
85.0041.3%
+$123,269
90.0049.6%
+$142,418
95.0057.9%
+$15,752
100.0066.2%
+$22,869
105.0074.5%
+$4,016
110.0082.8%
+$8,954
115.0091.1%
+$1,479
120.0099.4%
+$6,502
125.00107.7%
+$2,293
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.
0.62
21 Aug
18d
0.57
18 Sep
46d
0.58
20 Nov
109d
0.59
19 Feb
200d
Volatility by Strike
Downside protection premium
Out-of-the-money puts carry higher implied volatility than comparable calls, indicating richer downside protection.
50
55
60
65
70
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
Usable with limits
Retained chain100%
Implied volatility100%
Two-sided quotes100%
Open interest100%
- Chain status
- Complete available chain
- Market date
- 3 Aug 2026
- Calculation
- v2.0
- Contracts
- 154 / 154
- 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 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: $3.2M of estimated gross traded notional, calls · 91+ days · otm, 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+71
1W price-0.6%
Call premium86%
Put premium14%
Notional split
C 86% / P 14%
Estimated gross traded notional uses volume × contract multiplier × midpoint, or last price when no valid midpoint is available.
Freshness
0.11
Volume divided by open interest across the visible chain.
Trend fit
29/100
Agreement between options pressure and Sharemaestro market context.
Event window
5 Aug
Matched earnings event is 1 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 · 91+ days · OTM
calls cluster with 3902 contracts traded, $1.7M estimated gross traded notional, and 54% of visible notional.
$1.7M
Calls · 8-21 days · OTM
calls cluster with 5006 contracts traded, $428,235 estimated gross traded notional, and 13% of visible notional.
$428,235
Calls · 91+ days · ATM
calls cluster with 416 contracts traded, $395,870 estimated gross traded notional, and 12% of visible notional.
$395,870
Puts · 91+ days · OTM
puts cluster with 550 contracts traded, $222,845 estimated gross traded notional, and 7% of visible notional.
$222,845
Puts · 22-45 days · OTM
puts cluster with 595 contracts traded, $117,052 estimated gross traded notional, and 4% of visible notional.
$117,052
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
4 of 10 completed market sessions are available. More session history is needed before activity can be compared with a reliable normal.
Baseline: 4 completed sessions
Volume rank-
Volume/OI rank-
IV rank-
Market Context
Underlying confirmation
Close60.17
1W-0.6%
RS-
Fair value-10.3%
Options pressure71
Speculation43
Volatility83
Trend fit29
Today Versus Normal
Stored-options context
30d avg - · 4/10 sessions
-
90d avg - · 4/30 sessions
-
180d avg - · 4/60 sessions
-
30d avg - · 4/10 sessions
-
90d avg - · 4/30 sessions
-
180d avg - · 4/60 sessions
-
30d avg - · 4/10 sessions
-
90d avg - · 4/30 sessions
-
180d avg - · 4/60 sessions
-
30d avg - · 4/10 sessions
-
90d avg - · 4/30 sessions
-
180d avg - · 4/60 sessions
-
Pressure Trail
Recent pressure and volatility
29 Jul 10:23
Volatility
Pressure 27
Move 13.7%
30 Jul 10:20
Mixed
Pressure 15
Move 14.2%
31 Jul 10:10
Volatility
Pressure -60
Move 11.2%
2 Aug 07:01
Volatility
Pressure 20
Move 10.8%
4 Aug 10:04
Volatility
Pressure 71
Move 11.0%
Strike Map
Where activity is clustering
Strike25.00
Calls · V 0 · OI 3
Puts · V 0 · OI 0
Strike30.00
Calls · V 0 · OI 17
Puts · V 0 · OI 20
Strike35.00
Calls · V 0 · OI 24
Puts · V 0 · OI 7
Strike40.00
Calls · V 0 · OI 19
Puts · V 0 · OI 17
Strike45.00
Calls · V 0 · OI 66
Puts · V 1 · OI 910
Strike50.00
Calls · V 1 · OI 121
Puts · V 19 · OI 6142
Strike55.00
Calls · V 7 · OI 1686
Puts · V 125 · OI 27195
Strike60.00
Calls · V 68 · OI 3425
Puts · V 187 · OI 1497
Term Structure
Expiration activity
Expiry21 Aug 2026
Contracts44
Avg IV0.62
Put-call0.07
Expiry18 Sep 2026
Contracts26
Avg IV0.57
Put-call0.90
Expiry20 Nov 2026
Contracts42
Avg IV0.58
Put-call0.13
Expiry19 Feb 2027
Contracts42
Avg IV0.59
Put-call0.10
Skew
Call/put IV balance
21 Aug 2026Balanced skew
Call IV0.59
Put IV0.59
Skew-
18 Sep 2026Balanced skew
Call IV0.56
Put IV0.58
Skew0.02
20 Nov 2026Balanced skew
Call IV0.59
Put IV0.59
Skew-
19 Feb 2027Balanced skew
Call IV0.59
Put IV0.60
Skew0.01
Contract Tape
Most active contracts
ContractSOLS260821C00080000
SideCall
Expiry21 Aug 2026
Strike80.00
Volume2754
OI6466
IV0.65
ContractSOLS260821C00065000
SideCall
Expiry21 Aug 2026
Strike65.00
Volume1644
OI5424
IV0.57
ContractSOLS261120C00085000
SideCall
Expiry20 Nov 2026
Strike85.00
Volume1553
OI2068
IV0.58
ContractSOLS261120C00065000
SideCall
Expiry20 Nov 2026
Strike65.00
Volume1444
OI2085
IV0.59
ContractSOLS260918C00075000
SideCall
Expiry18 Sep 2026
Strike75.00
Volume602
OI211
IV0.56
ContractSOLS260918P00055000
SidePut
Expiry18 Sep 2026
Strike55.00
Volume591
OI580
IV0.58
ContractSOLS261120C00080000
SideCall
Expiry20 Nov 2026
Strike80.00
Volume534
OI989
IV0.59
ContractSOLS261120P00055000
SidePut
Expiry20 Nov 2026
Strike55.00
Volume512
OI1212
IV0.59
Research Graph
Related research and context
Sharemaestro research
Related News
No recent ticker-specific news yet.
Market Watch
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.