Ticker Options Intelligence

SNOW options intelligence

Snowflake Inc. options pressure, expected move, strike concentration, and Sharemaestro trend context.

Conviction 45 Market data through 31 Jul 2026 Checked 31 Jul 2026 18:02 · complete available chain

Options-market disagreement

Mixed pressure

SNOW currently carries mixed options pressure with a 45/100 conviction score. The nearest-chain expected move is 11.5%, with volume/open-interest participation at 0.08.

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

Options-market disagreement

Expected move 11.5%

Wider near-term move priced

Activity / OI 0.08

Current volume is quieter versus prior open interest

Put-call 1.04

Balanced tape

Trend fit 99

Options agree with trend context

Weekly backdrop +9.4%

RS 27.0

Expected move 11.5%
Put-call volume 1.04
Volume / OI 0.08
Reference IV 1.05
Max pain 272.50
Underlying 268.06
Nearest expiry 31 Jul 2026
Contracts 1654

Research Brief

SNOW has a mixed chain read with 45/100 evidence alignment.

The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 237.28–298.84; The largest call open-interest concentration is 300.00; the largest put concentration is 280.00. The most active strike by current volume is 290.00.

Priced range237.28–298.84
Call concentration300.00
Put concentration280.00
Max pain reference272.50
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.
  • 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 31 Jul

Options imply 237.28 to 298.84. Max pain at 272.50 sits inside that range, 1.7% above spot.

Spot Max pain
237.28268.06 ± 30.78298.84
Confirmation level

A close beyond 298.84 or below 237.28 at the 31 Jul 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 45/100

Evidence alignment, not probability

Pressure is 1/100 toward puts; conviction uses its strength, while the signal label carries its direction.

Directional pressure1 × 42%
+0.3

How strongly activity leans toward calls or puts.

Participation42 × 22%
+9.2

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

Trend agreement99 × 26%
+25.8

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 score45.0Matches stored calculation

Positioning by Strike

Where open interest and current activity concentrate

Full strike map

The largest call open-interest concentration is 300.00; the largest put concentration is 280.00. The most active strike by current volume is 290.00. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.

Put open interestStrikeCall open interest
837
240.00-10.5%
23
825
255.00-4.9%
96
490
260.00-3.0%
361
602
270.000.7%
655
338
272.501.7%
1065
665
275.002.6%
1390
190
277.503.5%
856
903
280.004.5%
1649
91
285.006.3%
1394
585
287.507.3%
1259
452
290.008.2%
1077
110
295.0010.0%
2008
74
300.0011.9%
2112
0
305.0013.8%
1452
13
310.0015.6%
1346
0
312.5016.6%
552
0
315.0017.5%
1080
Nearest spot strike Max pain strikeBars show relative OI within this expiry

Volatility Curve

Front-loaded volatility

1.59× front/back

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

1.05 31 Jul 0d
0.64 7 Aug 7d
0.63 14 Aug 14d
0.62 21 Aug 21d
0.76 28 Aug 28d
0.77 4 Sep 35d
0.73 18 Sep 49d
0.68 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.

215
220
225
230
235
240
248
253
258
263
268
273
278
283
288
295
300
305
310
315
320
Put IV Call IV

Historical Replay

How matured reads behaved through expiry

0 directional observations

Forward validation is building. The earliest eligible stored read expires 31 Jul 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

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
1654 / 1654
  • 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

Multi-expiry position-maintenance candidate

77/100
Primary intent Multi-expiry position-maintenance candidate

Activity is spread across expirations with heavier open interest than current volume, which can be consistent with position maintenance.

Flow vs price divergence No clean flow/price divergence

The options read is mixed, so divergence is not strong enough to classify.

Why this matters

Multi-expiry position-maintenance candidate matters because it connects the options headline to the actual evidence: $79.3M of estimated gross traded notional, calls · 91+ days · itm, and a no clean flow/price divergence backdrop. Use it as a research priority signal, then validate the chart, liquidity, event calendar, and risk before acting.

Options pressure-1
1W price+9.4%
Call premium75%
Put premium25%
Notional split C 75% / P 25% Estimated gross traded notional uses volume × contract multiplier × midpoint, or last price when no valid midpoint is available.
Freshness 0.08 Volume divided by open interest across the visible chain.
Trend fit 99/100 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. Roll detection is conservative because opening and closing legs are not directly observable in this snapshot.
Conviction clusters Calls · 91+ days · ITM
Calls · 91+ days · ITM calls cluster with 1814 contracts traded, $24.9M estimated gross traded notional, and 31% of visible notional.
$24.9M
Puts · 91+ days · ITM puts cluster with 1432 contracts traded, $11.3M estimated gross traded notional, and 14% of visible notional.
$11.3M
Calls · 91+ days · OTM calls cluster with 1837 contracts traded, $9.6M estimated gross traded notional, and 12% of visible notional.
$9.6M
Calls · 46-90 days · ITM calls cluster with 710 contracts traded, $8.1M estimated gross traded notional, and 10% of visible notional.
$8.1M
Calls · 0-7 days · OTM calls cluster with 11683 contracts traded, $3.7M estimated gross traded notional, and 5% of visible notional.
$3.7M

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.

Warning Crowded strike risk

Underlying price is close to the max-pain zone.

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
Close293.28
1W+9.4%
RS27.0
Fair value+63.4%
Options pressure-1
Speculation42
Volatility96
Trend fit99

Today Versus Normal

Stored-options context

View history
Expected move 11.5% history building
30d avg - · 3/10 sessions -
90d avg - · 3/30 sessions -
180d avg - · 3/60 sessions -
IV 1.05 history building
30d avg - · 3/10 sessions -
90d avg - · 3/30 sessions -
180d avg - · 3/60 sessions -
Put-call 1.04 history building
30d avg - · 3/10 sessions -
90d avg - · 3/30 sessions -
180d avg - · 3/60 sessions -
Volume/OI 0.08 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 10:06 Mixed
Pressure 2
Move 6.4%
30 Jul 10:04 Volatility
Pressure 22
Move 7.8%
30 Jul 15:19 Volatility
Pressure -5
Move 8.2%
30 Jul 15:41 Volatility
Pressure -3
Move 8.8%
30 Jul 19:42 Volatility
Pressure 19
Move 10.1%
31 Jul 12:55 Volatility
Pressure 35
Move 11.1%
31 Jul 14:24 Volatility
Pressure -2
Move 12.8%
31 Jul 17:02 Mixed
Pressure -1
Move 11.5%

Strike Map

Where activity is clustering

Full strike map
Strike130.00
Calls · V 26 · OI 9
Puts · V 2 · OI 3
Strike135.00
Calls · V 2 · OI 8
Puts · V 5 · OI 110
Strike140.00
Calls · V 0 · OI 0
Puts · V 2 · OI 730
Strike145.00
Calls · V 0 · OI 0
Puts · V 1 · OI 85
Strike150.00
Calls · V 4 · OI 3
Puts · V 33 · OI 513
Strike155.00
Calls · V 4 · OI 3
Puts · V 10 · OI 414
Strike160.00
Calls · V 3 · OI 4
Puts · V 5 · OI 268
Strike165.00
Calls · V 6 · OI 4
Puts · V 1 · OI 480

Term Structure

Expiration activity

Volume and IV
Expiry31 Jul 2026
Contracts129
Avg IV1.05
Put-call0.72
Expiry7 Aug 2026
Contracts97
Avg IV0.64
Put-call1.08
Expiry14 Aug 2026
Contracts72
Avg IV0.63
Put-call1.75
Expiry21 Aug 2026
Contracts127
Avg IV0.62
Put-call1.27
Expiry28 Aug 2026
Contracts73
Avg IV0.76
Put-call1.76

Skew

Call/put IV balance

OTM demand
31 Jul 2026Call IV premium
Call IV1.32
Put IV0.97
Skew-0.35
7 Aug 2026Balanced skew
Call IV0.63
Put IV0.68
Skew0.05
14 Aug 2026Balanced skew
Call IV0.60
Put IV0.64
Skew0.04
21 Aug 2026Balanced skew
Call IV0.60
Put IV0.62
Skew0.02
28 Aug 2026Balanced skew
Call IV0.76
Put IV0.77
Skew0.01

Contract Tape

Most active contracts

Full contract tape
ContractSNOW260904P00150000
SidePut
Expiry4 Sep 2026
Strike150.00
Volume-
OI-
IV1.06
ContractSNOW260814P00145000
SidePut
Expiry14 Aug 2026
Strike145.00
Volume-
OI41
IV1.65
ContractSNOW260814P00185000
SidePut
Expiry14 Aug 2026
Strike185.00
Volume-
OI28
IV0.95
ContractSNOW260828C00160000
SideCall
Expiry28 Aug 2026
Strike160.00
Volume-
OI16
IV1.04
ContractSNOW260828P00315000
SidePut
Expiry28 Aug 2026
Strike315.00
Volume-
OI16
IV0.74
ContractSNOW261016P00360000
SidePut
Expiry16 Oct 2026
Strike360.00
Volume-
OI5
IV0.62
ContractSNOW261016C00075000
SideCall
Expiry16 Oct 2026
Strike75.00
Volume-
OI4
IV0.00
ContractSNOW271217P00410000
SidePut
Expiry17 Dec 2027
Strike410.00
Volume-
OI3
IV0.67

Research Graph

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