Primary read
Volatility
Volatility expansion watch
Ticker Options Intelligence
AMPL options intelligence
Amplitude Inc options pressure, expected move, strike concentration, and Sharemaestro trend context.
Conviction
52
Market data through 31 Jul 2026
Checked 2 Aug 2026 13:59 · complete available chain
Volatility expansion watch
Volatility pressure
AMPL currently carries volatility options pressure with a 52/100 conviction score. The nearest-chain expected move is 20.0%, with volume/open-interest participation at 0.01.
Expected move
20.0%
Wider near-term move priced
Activity / OI
0.01
Current volume is quieter versus prior open interest
Put-call
0.05
Call-side skew
Trend fit
0
Options are not fully confirming trend
Weekly backdrop
+9.6%
RS -11.1
Expected move
20.0%
Put-call volume
0.05
Volume / OI
0.01
Reference IV
1.07
Max pain
8.00
Underlying
8.88
Nearest expiry
21 Aug 2026
Contracts
134
Research Brief
AMPL has a volatility chain read with 52/100 evidence alignment.
The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 7.10–10.66; The largest call open-interest concentration is 8.00; the largest put concentration is 7.00. The most active strike by current volume is 9.00.
Priced range7.10–10.66
Call concentration8.00
Put concentration7.00
Max pain reference8.00
- 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.
- Front-expiry volatility is rich, so the signal may be event-driven and vulnerable to volatility compression.
Priced Move
Where the chain says movement becomes exceptional
Options imply 7.10 to 10.66. Max pain at 8.00 sits inside that range, 9.9% below spot.
Spot
Max pain
7.108.88 ± 1.7810.66
Confirmation level
A close beyond 10.66 or below 7.10 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 52/100
Pressure is 100/100 toward calls; conviction uses its strength, while the signal label carries its direction.
Directional pressure100 × 42%
+42.0
How strongly activity leans toward calls or puts.
Participation3 × 22%
+0.6
Volume relative to existing open interest and contract-level activity.
Trend agreement0 × 26%
+0.0
How closely the chain read agrees with the underlying trend backdrop.
Volatility96 × 10%
+9.6
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 8.00; the largest put concentration is 7.00. The most active strike by current volume is 9.00. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.
Put open interestStrikeCall open interest
0
1.00-88.7%
5
0
2.00-77.5%
5
0
3.00-66.2%
5
0
4.00-55.0%
4
0
5.00-43.7%
2
91
6.00-32.4%
6
208
7.00-21.2%
28
88
8.00-9.9%
921
42
9.001.4%
311
12
10.0012.6%
282
4
11.0023.9%
249
1
12.0035.1%
259
0
13.0046.4%
137
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+$118,533Delta change / 1% move
Positive peak9.00+$25,208
Negative peak7.00-$5,284
Nearest balance7.55Interpolated sign change
StrikeNegativePositiveNet / 1% move
4.00-55.0%
-$211
5.00-43.7%
+$2,274
6.00-32.4%
-$1,714
7.00-21.2%
-$5,284
7.50-15.5%
-$540
8.00-9.9%
+$5,198
9.001.4%
+$25,208
10.0012.6%
+$22,552
11.0023.9%
+$20,164
12.0035.1%
+$16,941
12.5040.8%
+$18,496
13.0046.4%
+$882
15.0068.9%
+$13,817
16.0080.2%
+$5
17.5097.1%
+$110
20.00125.2%
+$260
22.50153.4%
+$373
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
Front-loaded volatility
Near-term options are materially richer than later expirations, consistent with concentrated event or immediate-risk pricing.
1.07
21 Aug
21d
0.88
18 Sep
49d
0.84
16 Oct
77d
0.79
15 Jan
168d
0.70
21 Jan
539d
Volatility by Strike
Downside protection premium
Out-of-the-money puts carry higher implied volatility than comparable calls, indicating richer downside protection.
8
9
10
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
- 31 Jul 2026
- Calculation
- v2.0
- Contracts
- 134 / 134
- 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: $11,600 of estimated gross traded notional, calls · 8-21 days · atm, 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+100
1W price+9.6%
Call premium92%
Put premium8%
Notional split
C 92% / P 8%
Estimated gross traded notional uses volume × contract multiplier × midpoint, or last price when no valid midpoint is available.
Freshness
0.01
Volume divided by open interest across the visible chain.
Trend fit
0/100
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 · 8-21 days · ATM
calls cluster with 104 contracts traded, $8,060 estimated gross traded notional, and 69% of visible notional.
$8,060
Calls · 46-90 days · ATM
calls cluster with 9 contracts traded, $1,102 estimated gross traded notional, and 10% of visible notional.
$1,102
Calls · 91+ days · ATM
calls cluster with 5 contracts traded, $950 estimated gross traded notional, and 8% of visible notional.
$950
Puts · 91+ days · ATM
puts cluster with 3 contracts traded, $570 estimated gross traded notional, and 5% of visible notional.
$570
Calls · 91+ days · OTM
calls cluster with 5 contracts traded, $438 estimated gross traded notional, and 4% of visible notional.
$438
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
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
Close8.88
1W+9.6%
RS-11.1
Fair value-12.6%
Options pressure100
Speculation3
Volatility96
Trend fit0
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 11:14
Volatility
Pressure -21
Move 24.7%
30 Jul 11:01
Volatility
Pressure 86
Move 25.3%
31 Jul 10:42
Bullish
Pressure 53
Move 20.7%
2 Aug 08:34
Bullish
Pressure 31
Move 20.0%
2 Aug 12:59
Volatility
Pressure 100
Move 20.0%
Strike Map
Where activity is clustering
Strike1.00
Calls · V 0 · OI 5
Puts · V 0 · OI 0
Strike2.00
Calls · V 0 · OI 5
Puts · V 0 · OI 0
Strike3.00
Calls · V 0 · OI 5
Puts · V 0 · OI 0
Strike4.00
Calls · V 0 · OI 4
Puts · V 0 · OI 0
Strike5.00
Calls · V 0 · OI 2
Puts · V 0 · OI 0
Strike6.00
Calls · V 0 · OI 6
Puts · V 0 · OI 91
Strike7.00
Calls · V 0 · OI 28
Puts · V 0 · OI 208
Strike8.00
Calls · V 0 · OI 921
Puts · V 0 · OI 88
Term Structure
Expiration activity
Expiry21 Aug 2026
Contracts26
Avg IV1.07
Put-call-
Expiry18 Sep 2026
Contracts34
Avg IV0.88
Put-call-
Expiry16 Oct 2026
Contracts28
Avg IV0.84
Put-call-
Expiry15 Jan 2027
Contracts28
Avg IV0.79
Put-call0.60
Expiry21 Jan 2028
Contracts18
Avg IV0.70
Put-call-
Skew
Call/put IV balance
21 Aug 2026Put IV premium
Call IV1.06
Put IV1.22
Skew0.17
18 Sep 2026Put IV premium
Call IV0.89
Put IV0.96
Skew0.07
16 Oct 2026Balanced skew
Call IV0.87
Put IV0.90
Skew0.03
15 Jan 2027Balanced skew
Call IV0.79
Put IV0.79
Skew-
21 Jan 2028Put IV premium
Call IV0.71
Put IV0.81
Skew0.11
Contract Tape
Most active contracts
ContractAMPL260821C00009000
SideCall
Expiry21 Aug 2026
Strike9.00
Volume104
OI311
IV0.97
ContractAMPL261016C00009000
SideCall
Expiry16 Oct 2026
Strike9.00
Volume9
OI1347
IV0.78
ContractAMPL270115C00012500
SideCall
Expiry15 Jan 2027
Strike12.50
Volume5
OI2995
IV0.78
ContractAMPL270115C00009000
SideCall
Expiry15 Jan 2027
Strike9.00
Volume5
OI1461
IV0.80
ContractAMPL270115P00007500
SidePut
Expiry15 Jan 2027
Strike7.50
Volume3
OI631
IV0.79
ContractAMPL270115P00009000
SidePut
Expiry15 Jan 2027
Strike9.00
Volume3
OI11
IV0.81
ContractAMPL261016C00010000
SideCall
Expiry16 Oct 2026
Strike10.00
Volume1
OI1008
IV0.81
ContractAMPL260821C00010000
SideCall
Expiry21 Aug 2026
Strike10.00
Volume1
OI282
IV0.99
Research Graph
Related research and context
Sharemaestro research
Related News
No recent ticker-specific news yet.
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.