Ticker Options Intelligence

AMWL options intelligence

American Well Corp options pressure, expected move, strike concentration, and Sharemaestro trend context.

Conviction 48 Market data through 31 Jul 2026 Checked 1 Aug 2026 15:16 · complete available chain

Volatility expansion watch

Volatility pressure

AMWL currently carries volatility options pressure with a 48/100 conviction score. The nearest-chain expected move is 21.2%, with volume/open-interest participation at 0.01.

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

Volatility expansion watch

Expected move 21.2%

Wider near-term move priced

Activity / OI 0.01

Current volume is quieter versus prior open interest

Put-call 0.60

Call-side skew

Trend fit 96

Options agree with trend context

Weekly backdrop -0.6%

RS 54.3

Expected move 21.2%
Put-call volume 0.60
Volume / OI 0.01
Reference IV 1.20
Max pain 10.00
Underlying 10.75
Nearest expiry 21 Aug 2026
Contracts 76

Research Brief

AMWL has a volatility chain read with 48/100 evidence alignment.

The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 8.47–13.03; The largest call open-interest concentration is 10.00; the largest put concentration is 7.50. The most active strike by current volume is 12.50.

Priced range8.47–13.03
Call concentration10.00
Put concentration7.50
Max pain reference10.00
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 21 Aug

Options imply 8.47 to 13.03. Max pain at 10.00 sits inside that range, 7.0% below spot.

Spot Max pain
8.4710.75 ± 2.2813.03
Confirmation level

A close beyond 13.03 or below 8.47 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 48/100

Evidence alignment, not probability

Pressure is 32/100 toward calls; conviction uses its strength, while the signal label carries its direction.

Directional pressure32 × 42%
+13.5

How strongly activity leans toward calls or puts.

Participation1 × 22%
+0.3

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

Trend agreement96 × 26%
+24.9

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 score48.3Matches stored calculation

Positioning by Strike

Where open interest and current activity concentrate

Full strike map

The largest call open-interest concentration is 10.00; the largest put concentration is 7.50. The most active strike by current volume is 12.50. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.

Put open interestStrikeCall open interest
0
2.50-76.7%
0
0
5.00-53.5%
0
184
7.50-30.2%
0
25
10.00-7.0%
119
12
12.5016.3%
60
2
15.0039.5%
13
0
17.5062.8%
0
0
20.0086.0%
0
0
22.50109.3%
0
0
25.00132.6%
0
Nearest spot strike Max pain strikeBars show relative OI within this expiry

Volatility Curve

Front-loaded volatility

1.42× front/back

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

1.20 21 Aug 21d
0.61 18 Sep 49d
0.83 18 Dec 140d
0.85 19 Mar 231d

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.

10
13
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 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
  • 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

A97/100
Retained chain100%
Implied volatility100%
Two-sided quotes100%
Open interest100%
Chain status
Complete available chain
Market date
31 Jul 2026
Calculation
v2.0
Contracts
76 / 76
  • 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

95/100
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: $510 of estimated gross traded notional, calls · 8-21 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+32
1W price-0.6%
Call premium88%
Put premium12%
Notional split C 88% / P 12% 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 96/100 Agreement between options pressure and Sharemaestro market context.
Event window 4 Aug Matched earnings event is 3 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 Calls · 8-21 days · OTM
Calls · 8-21 days · OTM calls cluster with 10 contracts traded, $450 estimated gross traded notional, and 88% of visible notional.
$450
Puts · 8-21 days · OTM puts cluster with 6 contracts traded, $60 estimated gross traded notional, and 12% of visible notional.
$60

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
Close10.75
1W-0.6%
RS54.3
Fair value-4.8%
Options pressure32
Speculation1
Volatility96
Trend fit96

Today Versus Normal

Stored-options context

View history
Expected move 21.2% history building
30d avg - · 3/10 sessions -
90d avg - · 3/30 sessions -
180d avg - · 3/60 sessions -
IV 1.20 history building
30d avg - · 3/10 sessions -
90d avg - · 3/30 sessions -
180d avg - · 3/60 sessions -
Put-call 0.60 history building
30d avg - · 3/10 sessions -
90d avg - · 3/30 sessions -
180d avg - · 3/60 sessions -
Volume/OI 0.01 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 11:43 Volatility
Pressure 100
Move 22.0%
30 Jul 11:21 Bearish
Pressure -36
Move 21.0%
30 Jul 22:25 Volatility
Pressure 69
Move 15.7%
31 Jul 05:16 Volatility
Pressure 82
Move 15.7%
31 Jul 14:32 Volatility
Pressure 67
Move 22.0%
31 Jul 20:25 Volatility
Pressure 68
Move 21.0%
1 Aug 11:25 Volatility
Pressure 32
Move 21.0%
1 Aug 14:16 Volatility
Pressure 32
Move 21.2%

Strike Map

Where activity is clustering

Full strike map
Strike2.50
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike5.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike7.50
Calls · V 0 · OI 0
Puts · V 6 · OI 184
Strike10.00
Calls · V 0 · OI 119
Puts · V 0 · OI 25
Strike12.50
Calls · V 10 · OI 60
Puts · V 0 · OI 12
Strike15.00
Calls · V 0 · OI 13
Puts · V 0 · OI 2
Strike17.50
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike20.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0

Term Structure

Expiration activity

Volume and IV
Expiry21 Aug 2026
Contracts20
Avg IV1.20
Put-call0.60
Expiry18 Sep 2026
Contracts16
Avg IV0.61
Put-call-
Expiry18 Dec 2026
Contracts20
Avg IV0.83
Put-call-
Expiry19 Mar 2027
Contracts20
Avg IV0.85
Put-call-

Skew

Call/put IV balance

OTM demand
21 Aug 2026Put IV premium
Call IV1.00
Put IV1.14
Skew0.14
18 Sep 2026Balanced skew
Call IV0.87
Put IV0.85
Skew-0.02
18 Dec 2026Put IV premium
Call IV0.83
Put IV0.99
Skew0.16
19 Mar 2027Balanced skew
Call IV0.87
Put IV0.92
Skew0.05

Contract Tape

Most active contracts

Full contract tape
ContractAMWL260821C00012500
SideCall
Expiry21 Aug 2026
Strike12.50
Volume10
OI60
IV1.00
ContractAMWL260821P00007500
SidePut
Expiry21 Aug 2026
Strike7.50
Volume6
OI184
IV0.72
ContractAMWL261218C00012500
SideCall
Expiry18 Dec 2026
Strike12.50
Volume-
OI993
IV0.83
ContractAMWL260918P00005000
SidePut
Expiry18 Sep 2026
Strike5.00
Volume-
OI521
IV0.93
ContractAMWL270319C00010000
SideCall
Expiry19 Mar 2027
Strike10.00
Volume-
OI330
IV0.85
ContractAMWL261218C00010000
SideCall
Expiry18 Dec 2026
Strike10.00
Volume-
OI259
IV0.81
ContractAMWL260918C00007500
SideCall
Expiry18 Sep 2026
Strike7.50
Volume-
OI182
IV0.01
ContractAMWL260918C00010000
SideCall
Expiry18 Sep 2026
Strike10.00
Volume-
OI128
IV0.89