Ticker Options Intelligence

FNF options intelligence

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

Conviction 59 Market data through 16 Sep 2026 Checked 17 Sep 2026 13:26 · complete available chain

Volatility expansion watch

Volatility pressure

FNF currently carries volatility options pressure with a 59/100 conviction score. The nearest-chain expected move is 4.9%, with volume/open-interest participation at 0.00.

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

Volatility expansion watch

Expected move 4.9%

Near-term move context

Activity / OI 0.00

Current volume is quieter versus prior open interest

Put-call 24.50

Put-side skew

Trend fit 32

Options are not fully confirming trend

Weekly backdrop -3.6%

RS -20.3

Expected move 4.9%
Put-call volume 24.50
Volume / OI 0.00
Reference IV 0.94
Max pain 50.00
Underlying 44.13
Nearest expiry 18 Sep 2026
Contracts 86

Research Brief

FNF has a volatility chain read with 59/100 evidence alignment.

The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 41.98–46.28; The largest call open-interest concentration is 50.00; the largest put concentration is 50.00. The most active strike by current volume is 50.00.

Priced range41.98–46.28
Call concentration50.00
Put concentration50.00
Max pain reference50.00
What would confirm it
  • A clear directional pressure reading develops and price begins to agree.
What would weaken it
  • 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

Size, not direction · through 18 Sep

Options imply 41.98 to 46.28. Max pain at 50.00 lies outside the priced range, so it is a weak near-term anchor.

Spot Max pain
41.9844.13 ± 2.1546.28
Confirmation level

A close beyond 46.28 or below 41.98 at the 18 Sep 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 59/100

Evidence alignment, not probability

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

Directional pressure100 × 42%
+42.0

How strongly activity leans toward calls or puts.

Participation4 × 22%
+0.8

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

Trend agreement32 × 26%
+8.2

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

Volatility75 × 10%
+7.5

The intensity of implied volatility and the priced move.

Reconstructed score58.6Matches stored calculation

Positioning by Strike

Where open interest and current activity concentrate

Full strike map

The largest call open-interest concentration is 50.00; the largest put concentration is 50.00. The most active strike by current volume is 50.00. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.

Put open interestStrikeCall open interest
11
25.00-43.3%
0
63
30.00-32.0%
0
20
35.00-20.7%
0
87
40.00-9.4%
0
453
45.002.0%
31
1102
50.0013.3%
906
46
55.0024.6%
254
1
60.0036.0%
51
0
65.0047.3%
9
0
70.0058.6%
17
0
75.0070.0%
0
0
80.0081.3%
0
Nearest spot strike Max pain strikeBars show relative OI within this expiry

Gamma Profile by Strike

Negative gamma proxy

Reported + model-estimated Greeks · 96% coverage

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-$1.1MDelta change / 1% move
Positive peak55.00+$3,042
Negative peak45.00-$926,187
Nearest balance54.88Interpolated sign change
StrikeNegativePositiveNet / 1% move
25.00-43.3%
-$123
30.00-32.0%
-$324
35.00-20.7%
-$44,212
40.00-9.4%
-$49,594
45.002.0%
-$926,187
50.0013.3%
-$126,709
55.0024.6%
+$3,042
60.0036.0%
+$1,069
65.0047.3%
+$42
70.0058.6%
+$67
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

3.14× front/back

Near-term options are materially richer than later expirations, consistent with concentrated event or immediate-risk pricing.

0.94 18 Sep 2d
0.29 16 Oct 30d
0.28 18 Dec 93d
0.30 19 Mar 184d

Volatility by Strike

Upside optionality premium

Nearest expiry, within 20% of spot

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

40
45
50
Put IV Call IV

Historical Replay

How matured reads behaved through expiry

16 matured · 13 directional

Across 13 stored directional transitions, the next stored price moved in the labelled direction 38% of the time.

Directional follow-through38%
Moves contained by pricing44%
Average expiry move6.4%
20 Aug Volatility · 75 -4.4% through expiry 5.5% priced · v2.0
19 Aug Volatility · 52 -4.4% through expiry 5.2% priced · v2.0
18 Aug Mixed · 26 -4.4% through expiry 4.6% priced · v2.0
17 Aug Bullish · 31 -4.4% through expiry 4.4% priced · v2.0
14 Aug Bearish · 52 -4.4% through expiry 2.3% priced · v2.0
13 Aug Bullish · 49 -5.7% through expiry 4.6% priced · v2.0
12 Aug Bullish · 49 -5.7% through expiry 8.2% priced · v2.0
11 Aug Bullish · 41 -5.7% through expiry 7.9% priced · v2.0
10 Aug Bearish · 59 -5.7% through expiry 5.5% priced · v2.0
7 Aug Bullish · 30 -8.3% through expiry 6.1% priced · v2.0
6 Aug Bullish · 44 -8.3% through expiry 6.1% priced · v2.0
5 Aug Bearish · 62 -8.3% through expiry 6.7% 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

Usable with limits

C69/100
Retained chain100%
Implied volatility100%
Two-sided quotes100%
Open interest100%
Chain status
Complete available chain
Market date
16 Sep 2026
Calculation
v2.0
Contracts
86 / 86
  • 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

Volatility expansion bet

82/100
Primary intent Volatility expansion bet

The strongest message is movement risk: expected move and implied volatility are carrying more signal than 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

Volatility expansion bet matters because it connects the options headline to the actual evidence: $26,215 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-100
1W price-3.6%
Call premium2%
Put premium98%
Notional split C 2% / P 98% Estimated gross traded notional uses volume × contract multiplier × midpoint, or last price when no valid midpoint is available.
Freshness 0.00 Volume divided by open interest across the visible chain.
Trend fit 32/100 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 Puts · 0-7 days · ITM
Puts · 0-7 days · ITM puts cluster with 28 contracts traded, $19,880 estimated gross traded notional, and 76% of visible notional.
$19,880
Puts · 91+ days · ATM puts cluster with 7 contracts traded, $3,115 estimated gross traded notional, and 12% of visible notional.
$3,115
Puts · 22-45 days · ATM puts cluster with 5 contracts traded, $1,250 estimated gross traded notional, and 5% of visible notional.
$1,250
Puts · 0-7 days · ATM puts cluster with 4 contracts traded, $840 estimated gross traded notional, and 3% of visible notional.
$840
Puts · 91+ days · OTM puts cluster with 4 contracts traded, $570 estimated gross traded notional, and 2% of visible notional.
$570

Setup Classification

Opportunity and risk frame

Context, not advice
Warning Volatility expansion

The tape is pricing or displaying unusually elevated activity.

Negative Options disagreement

Options positioning is not confirming the underlying trend context.

Activity Anomaly

Normal range

52

Activity is broadly in line with recent stored snapshots.

Baseline: 28 completed sessions

Volume rank39th
Volume/OI rank21th
IV rank96th

Market Context

Underlying confirmation

Sharemaestro weekly
Close44.13
1W-3.6%
RS-20.3
Fair value-11.0%
Options pressure-100
Speculation4
Volatility75
Trend fit32

Today Versus Normal

Stored-options context

View history
Expected move 4.9% near normal
30d avg 6.1% · 14 sessions 36th
90d avg - · 28/30 sessions -
180d avg - · 28/60 sessions -
IV 0.94 elevated
30d avg 0.54 · 14 sessions 93th
90d avg - · 28/30 sessions -
180d avg - · 28/60 sessions -
Put-call 24.50 elevated
30d avg 18.09 · 14 sessions 86th
90d avg - · 28/30 sessions -
180d avg - · 28/60 sessions -
Volume/OI 0.00 near normal
30d avg 0.12 · 14 sessions 21th
90d avg - · 28/30 sessions -
180d avg - · 28/60 sessions -

Pressure Trail

Recent pressure and volatility

Open trail
3 Aug 14:18 Mixed
Pressure -6
Move 7.8%
4 Aug 09:42 Bearish
Pressure -93
Move 7.5%
5 Aug 10:11 Bullish
Pressure 91
Move 7.8%
5 Aug 18:54 Bearish
Pressure -45
Move 6.7%
5 Aug 21:13 Bearish
Pressure -63
Move 6.7%
7 Aug 09:11 Bullish
Pressure 93
Move 6.1%
8 Aug 02:45 Bullish
Pressure 46
Move 6.1%
11 Aug 10:26 Bearish
Pressure -62
Move 5.5%

Strike Map

Where activity is clustering

Full strike map
Strike25.00
Calls · V 0 · OI 0
Puts · V 0 · OI 11
Strike30.00
Calls · V 0 · OI 0
Puts · V 0 · OI 63
Strike35.00
Calls · V 0 · OI 0
Puts · V 0 · OI 20
Strike40.00
Calls · V 0 · OI 0
Puts · V 0 · OI 87
Strike45.00
Calls · V 0 · OI 31
Puts · V 4 · OI 453
Strike50.00
Calls · V 0 · OI 906
Puts · V 28 · OI 1102
Strike55.00
Calls · V 0 · OI 254
Puts · V 0 · OI 46
Strike60.00
Calls · V 0 · OI 51
Puts · V 0 · OI 1

Term Structure

Expiration activity

Volume and IV
Expiry18 Sep 2026
Contracts24
Avg IV0.94
Put-call-
Expiry16 Oct 2026
Contracts20
Avg IV0.29
Put-call6.00
Expiry18 Dec 2026
Contracts20
Avg IV0.28
Put-call4.00
Expiry19 Mar 2027
Contracts22
Avg IV0.30
Put-call-

Skew

Call/put IV balance

OTM demand
18 Sep 2026Put IV premium
Call IV0.31
Put IV0.47
Skew0.17
16 Oct 2026Balanced skew
Call IV0.28
Put IV0.33
Skew0.05
18 Dec 2026Balanced skew
Call IV0.30
Put IV0.34
Skew0.04
19 Mar 2027Balanced skew
Call IV0.28
Put IV0.31
Skew0.03

Contract Tape

Most active contracts

Full contract tape
ContractFNF260918P00050000
SidePut
Expiry18 Sep 2026
Strike50.00
Volume28
OI1102
IV1.34
ContractFNF270319P00045000
SidePut
Expiry19 Mar 2027
Strike45.00
Volume7
OI16
IV0.31
ContractFNF261016P00045000
SidePut
Expiry16 Oct 2026
Strike45.00
Volume5
OI4112
IV0.28
ContractFNF260918P00045000
SidePut
Expiry18 Sep 2026
Strike45.00
Volume4
OI453
IV0.56
ContractFNF261218P00040000
SidePut
Expiry18 Dec 2026
Strike40.00
Volume4
OI224
IV0.34
ContractFNF261016P00040000
SidePut
Expiry16 Oct 2026
Strike40.00
Volume1
OI189
IV0.33
ContractFNF261016C00045000
SideCall
Expiry16 Oct 2026
Strike45.00
Volume1
OI36
IV0.28
ContractFNF261218C00040000
SideCall
Expiry18 Dec 2026
Strike40.00
Volume1
OI4
IV0.30

Evidence context