Ticker Options Intelligence

GEMI options intelligence

Gemini Space Station, Inc. Class A Common Stock options pressure, expected move, strike concentration, and Sharemaestro trend context.

Conviction 47 Market data through 31 Jul 2026 Checked 2 Aug 2026 13:24 · complete available chain

Volatility expansion watch

Volatility pressure

GEMI currently carries volatility options pressure with a 47/100 conviction score. The nearest-chain expected move is 12.2%, with volume/open-interest participation at 0.07.

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

Volatility expansion watch

Expected move 12.2%

Wider near-term move priced

Activity / OI 0.07

Current volume is quieter versus prior open interest

Put-call 1.55

Put-side skew

Trend fit 85

Options agree with trend context

Weekly backdrop -9.1%

Sharemaestro weekly context

Expected move 12.2%
Put-call volume 1.55
Volume / OI 0.07
Reference IV 1.23
Max pain 3.50
Underlying 3.90
Nearest expiry 7 Aug 2026
Contracts 210

Research Brief

GEMI has a volatility chain read with 47/100 evidence alignment.

The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 3.42–4.38; The largest call open-interest concentration is 2.50; the largest put concentration is 3.50. The most active strike by current volume is 4.00.

Priced range3.42–4.38
Call concentration2.50
Put concentration3.50
Max pain reference3.50
What would confirm it
  • A clear directional pressure reading develops and price begins to agree.
  • The current chain read already agrees with the stored weekly trend context.
What would weaken it
  • Volatility falls and the chain remains directionally mixed.

Priced Move

Where the chain says movement becomes exceptional

Size, not direction · through 7 Aug

Options imply 3.42 to 4.38. Max pain at 3.50 sits inside that range, 10.3% below spot.

Spot Max pain
3.423.90 ± 0.484.38
Confirmation level

A close beyond 4.38 or below 3.42 at the 7 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 47/100

Evidence alignment, not probability

Pressure is 15/100 toward puts; conviction uses its strength, while the signal label carries its direction.

Directional pressure15 × 42%
+6.2

How strongly activity leans toward calls or puts.

Participation42 × 22%
+9.2

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

Trend agreement85 × 26%
+22.2

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

Volatility96 × 10%
+9.6

The intensity of implied volatility and the priced move.

Reconstructed score47.1Matches stored calculation

Positioning by Strike

Where open interest and current activity concentrate

Full strike map

The largest call open-interest concentration is 2.50; the largest put concentration is 3.50. The most active strike by current volume is 4.00. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.

Put open interestStrikeCall open interest
0
1.00-74.4%
9
2
1.50-61.5%
7
1
2.00-48.7%
50
1
2.50-35.9%
494
47
3.00-23.1%
3
320
3.50-10.3%
0
277
4.002.6%
169
49
4.5015.4%
92
22
5.0028.2%
231
5
5.5041.0%
110
4
6.0053.8%
284
0
6.5066.7%
76
2
7.0079.5%
14
3
7.5092.3%
1
2
8.00105.1%
4
0
8.50117.9%
0
0
9.00130.8%
1
Nearest spot strike Max pain strikeBars show relative OI within this expiry

Gamma Profile by Strike

Balanced gamma proxy

Reported Greeks · 93% coverage

Call- and put-side gamma sensitivity is broadly balanced across the retained chain. Individual strike concentrations may still matter more than the chain-wide net.

Net profile+$9,549Delta change / 1% move
Positive peak5.00+$5,220
Negative peak4.00-$5,896
Nearest balance4.49Interpolated sign change
StrikeNegativePositiveNet / 1% move
1.00-74.4%
+$15
1.50-61.5%
+$4
2.00-48.7%
+$47
2.50-35.9%
-$1,654
3.00-23.1%
-$386
3.50-10.3%
-$2,397
4.002.6%
-$5,896
4.5015.4%
+$135
5.0028.2%
+$5,220
5.5041.0%
+$231
6.0053.8%
+$954
6.5066.7%
+$58
7.0079.5%
+$100
7.5092.3%
+$2,312
8.00105.1%
+$406
9.00130.8%
-$2
10.00156.4%
+$3,727
12.50220.5%
+$1,096
15.00284.6%
+$2,704
17.50348.7%
+$250
20.00412.8%
+$648
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

0.98× front/back

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

1.23 7 Aug 7d
1.30 14 Aug 14d
1.31 21 Aug 21d
1.44 28 Aug 28d
1.23 4 Sep 35d
1.58 11 Sep 42d
1.00 18 Sep 49d
1.19 16 Oct 77d

Volatility by Strike

Downside protection premium

Nearest expiry, within 20% of spot

Out-of-the-money puts carry higher implied volatility than comparable calls, indicating richer downside protection.

4
4
5
Put IV Call IV

Historical Replay

How matured reads behaved through expiry

1 matured · 0 directional

1 stored transitions are available, but none had a directional bullish or bearish label.

Directional follow-through-
Moves contained by pricing100%
Average expiry move9.1%
30 Jul Volatility · 49 -9.1% through expiry 9.4% priced · v2.0

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

A100/100
Retained chain100%
Implied volatility100%
Two-sided quotes100%
Open interest100%
Chain status
Complete available chain
Market date
31 Jul 2026
Calculation
v2.0
Contracts
210 / 210
  • 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

92/100
Primary intent Earnings/event positioning

Options activity is concentrated around a live event window, so the cleanest read is event positioning rather than pure direction.

Flow vs price divergence Volatility flow versus price

Options are pricing movement more than direction; compare expected move with the stock's actual weekly change.

Why this matters

Earnings/event positioning matters because it connects the options headline to the actual evidence: $245,530 of estimated gross traded notional, puts · 0-7 days · itm, 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-15
1W price-9.1%
Call premium19%
Put premium81%
Notional split C 19% / P 81% Estimated gross traded notional uses volume × contract multiplier × midpoint, or last price when no valid midpoint is available.
Freshness 0.07 Volume divided by open interest across the visible chain.
Trend fit 85/100 Agreement between options pressure and Sharemaestro market context.
Event window 13 Aug Matched earnings event is 10 days away.
Aggregate chain data does not identify trade aggressor or opening versus closing activity; call/put concentration is not proof of market direction.
Conviction clusters Puts · 0-7 days · ITM
Puts · 0-7 days · ITM puts cluster with 930 contracts traded, $142,465 estimated gross traded notional, and 58% of visible notional.
$142,465
Puts · 91+ days · ITM puts cluster with 164 contracts traded, $35,945 estimated gross traded notional, and 15% of visible notional.
$35,945
Calls · 91+ days · OTM calls cluster with 283 contracts traded, $17,675 estimated gross traded notional, and 7% of visible notional.
$17,675
Puts · 8-21 days · ITM puts cluster with 54 contracts traded, $14,002 estimated gross traded notional, and 6% of visible notional.
$14,002
Calls · 0-7 days · ITM calls cluster with 183 contracts traded, $9,150 estimated gross traded notional, and 4% of visible notional.
$9,150

Setup Classification

Opportunity and risk frame

Context, not advice
Positive Options-confirmed trend

Positioning agrees with the Sharemaestro trend backdrop.

Warning Volatility expansion

The tape is pricing or displaying unusually elevated activity.

Warning Event-risk setup

Expected move or upcoming earnings makes the setup more event-sensitive.

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

Sharemaestro weekly
Close3.90
1W-9.1%
RS-
Fair value-60.9%
Options pressure-15
Speculation42
Volatility96
Trend fit85

Today Versus Normal

Stored-options context

View history
Expected move 12.2% history building
30d avg - · 3/10 sessions -
90d avg - · 3/30 sessions -
180d avg - · 3/60 sessions -
IV 1.23 history building
30d avg - · 3/10 sessions -
90d avg - · 3/30 sessions -
180d avg - · 3/60 sessions -
Put-call 1.55 history building
30d avg - · 3/10 sessions -
90d avg - · 3/30 sessions -
180d avg - · 3/60 sessions -
Volume/OI 0.07 history building
30d avg - · 3/10 sessions -
90d avg - · 3/30 sessions -
180d avg - · 3/60 sessions -

Pressure Trail

Recent pressure and volatility

Open trail
29 Jul 11:20 Mixed
Pressure 1
Move 8.6%
30 Jul 11:05 Volatility
Pressure 53
Move 14.0%
31 Jul 10:43 Volatility
Pressure 27
Move 9.4%
2 Aug 12:24 Volatility
Pressure -15
Move 12.2%

Strike Map

Where activity is clustering

Full strike map
Strike1.00
Calls · V 0 · OI 9
Puts · V 0 · OI 0
Strike1.50
Calls · V 0 · OI 7
Puts · V 0 · OI 2
Strike2.00
Calls · V 0 · OI 50
Puts · V 0 · OI 1
Strike2.50
Calls · V 0 · OI 494
Puts · V 0 · OI 1
Strike3.00
Calls · V 0 · OI 3
Puts · V 0 · OI 47
Strike3.50
Calls · V 183 · OI 0
Puts · V 391 · OI 320
Strike4.00
Calls · V 280 · OI 169
Puts · V 480 · OI 277
Strike4.50
Calls · V 43 · OI 92
Puts · V 120 · OI 49

Term Structure

Expiration activity

Volume and IV
Expiry7 Aug 2026
Contracts34
Avg IV1.23
Put-call2.55
Expiry14 Aug 2026
Contracts34
Avg IV1.30
Put-call1.14
Expiry21 Aug 2026
Contracts34
Avg IV1.31
Put-call0.92
Expiry28 Aug 2026
Contracts18
Avg IV1.44
Put-call0.37
Expiry4 Sep 2026
Contracts18
Avg IV1.23
Put-call-

Skew

Call/put IV balance

OTM demand
7 Aug 2026Put IV premium
Call IV0.66
Put IV1.11
Skew0.45
14 Aug 2026Balanced skew
Call IV1.30
Put IV1.27
Skew-0.03
21 Aug 2026Balanced skew
Call IV1.24
Put IV1.21
Skew-0.04
28 Aug 2026Balanced skew
Call IV1.21
Put IV1.25
Skew0.04
4 Sep 2026Balanced skew
Call IV1.14
Put IV1.12
Skew-0.02

Contract Tape

Most active contracts

Full contract tape
ContractGEMI260807P00004000
SidePut
Expiry7 Aug 2026
Strike4.00
Volume480
OI277
IV1.14
ContractGEMI260807P00003500
SidePut
Expiry7 Aug 2026
Strike3.50
Volume391
OI320
IV1.11
ContractGEMI260807C00004000
SideCall
Expiry7 Aug 2026
Strike4.00
Volume280
OI169
IV0.99
ContractGEMI260807C00003500
SideCall
Expiry7 Aug 2026
Strike3.50
Volume183
OI-
IV1.21
ContractGEMI260807P00007500
SidePut
Expiry7 Aug 2026
Strike7.50
Volume162
OI3
IV0.01
ContractGEMI260807P00008000
SidePut
Expiry7 Aug 2026
Strike8.00
Volume161
OI2
IV3.22
ContractGEMI270115P00005000
SidePut
Expiry15 Jan 2027
Strike5.00
Volume154
OI1990
IV1.18
ContractGEMI260807P00004500
SidePut
Expiry7 Aug 2026
Strike4.50
Volume120
OI49
IV1.36