Primary read
Bullish
Call-side pressure
Ticker Options Intelligence
PFGC options intelligence
Performance Food Group Co options pressure, expected move, strike concentration, and Sharemaestro trend context.
Conviction
38
Market data through 31 Jul 2026
Checked 1 Aug 2026 06:54 · complete available chain
Call-side pressure
Bullish pressure
PFGC currently carries bullish options pressure with a 38/100 conviction score. The nearest-chain expected move is 8.8%, with volume/open-interest participation at 0.01.
Expected move
8.8%
Wider near-term move priced
Activity / OI
0.01
Current volume is quieter versus prior open interest
Put-call
0.34
Call-side skew
Trend fit
48
Options are not fully confirming trend
Weekly backdrop
+2.6%
RS 7.7
Expected move
8.8%
Put-call volume
0.34
Volume / OI
0.01
Reference IV
0.42
Max pain
110.00
Underlying
111.49
Nearest expiry
21 Aug 2026
Contracts
188
Research Brief
PFGC has a bullish chain read with 38/100 evidence alignment.
The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 101.71–121.27; The largest call open-interest concentration is 110.00; the largest put concentration is 110.00. The most active strike by current volume is 50.00.
Priced range101.71–121.27
Call concentration110.00
Put concentration110.00
Max pain reference110.00
- Price holds or improves while call-side concentration remains elevated.
- Price weakens while call pressure fades or reverses toward puts.
- 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 101.71 to 121.27. Max pain at 110.00 sits inside that range, 1.3% below spot.
Spot
Max pain
101.71111.49 ± 9.78121.27
Confirmation level
A close beyond 121.27 or below 101.71 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 38/100
Pressure is 45/100 toward calls; conviction uses its strength, while the signal label carries its direction.
Directional pressure45 × 42%
+18.8
How strongly activity leans toward calls or puts.
Participation1 × 22%
+0.3
Volume relative to existing open interest and contract-level activity.
Trend agreement48 × 26%
+12.6
How closely the chain read agrees with the underlying trend backdrop.
Volatility64 × 10%
+6.4
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 110.00; the largest put concentration is 110.00. 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
0
50.00-55.2%
0
0
55.00-50.7%
0
0
60.00-46.2%
0
0
65.00-41.7%
0
0
70.00-37.2%
0
392
75.00-32.7%
0
200
80.00-28.2%
0
0
85.00-23.8%
0
188
95.00-14.8%
2
310
100.00-10.3%
4
39
105.00-5.8%
2
748
110.00-1.3%
286
293
115.003.1%
31
0
120.007.6%
9
0
125.0012.1%
1
0
130.0016.6%
2
0
135.0021.1%
1
Nearest spot strike Max pain strikeBars show relative OI within this expiry
Volatility Curve
Front-loaded volatility
Near-term options are materially richer than later expirations, consistent with concentrated event or immediate-risk pricing.
0.42
21 Aug
21d
0.35
18 Sep
49d
0.33
18 Dec
140d
0.32
19 Mar
231d
Volatility by Strike
Balanced wings
Comparable upside calls and downside puts carry broadly similar implied volatility.
90
95
100
105
110
115
120
125
130
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
- 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
Retained chain100%
Implied volatility100%
Two-sided quotes100%
Open interest100%
- Chain status
- Complete available chain
- Market date
- 31 Jul 2026
- Calculation
- v2.0
- Contracts
- 188 / 188
- 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 pressure and weekly price action are pointing in the same constructive direction.
Earnings/event positioning matters because it connects the options headline to the actual evidence: $23320 of estimated gross traded notional, calls · 91+ days · otm, and a bullish flow confirms price backdrop. Use it as a research priority signal, then validate the chart, liquidity, event calendar, and risk before acting.
Options pressure+45
1W price+2.6%
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
48/100
Agreement between options pressure and Sharemaestro market context.
Event window
12 Aug
Matched earnings event is 11 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 · 91+ days · OTM
calls cluster with 15 contracts traded, $13700 estimated gross traded notional, and 59% of visible notional.
$13700
Calls · 46-90 days · OTM
calls cluster with 14 contracts traded, $7770 estimated gross traded notional, and 33% of visible notional.
$7770
Puts · 91+ days · OTM
puts cluster with 10 contracts traded, $1850 estimated gross traded notional, and 8% of visible notional.
$1850
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.
Underlying price is close to the max-pain zone.
Call pressure is building while the stock sits above Sharemaestro fair value.
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
Close114.39
1W+2.6%
RS7.7
Fair value+38.5%
Options pressure45
Speculation1
Volatility64
Trend fit48
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 10:22
Bearish
Pressure -49
Move 9.5%
30 Jul 10:19
Bullish
Pressure 53
Move 9.8%
31 Jul 13:34
Bearish
Pressure -58
Move 9.0%
31 Jul 14:45
Volatility
Pressure -64
Move 8.7%
31 Jul 15:59
Volatility
Pressure -64
Move 8.7%
1 Aug 05:54
Bullish
Pressure 45
Move 8.8%
Strike Map
Where activity is clustering
Strike50.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike55.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike60.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike65.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike70.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike75.00
Calls · V 0 · OI 0
Puts · V 0 · OI 392
Strike80.00
Calls · V 0 · OI 0
Puts · V 0 · OI 200
Strike85.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Term Structure
Expiration activity
Expiry21 Aug 2026
Contracts44
Avg IV0.42
Put-call-
Expiry18 Sep 2026
Contracts46
Avg IV0.35
Put-call-
Expiry18 Dec 2026
Contracts52
Avg IV0.33
Put-call0.67
Expiry19 Mar 2027
Contracts46
Avg IV0.32
Put-call-
Skew
Call/put IV balance
21 Aug 2026Balanced skew
Call IV0.45
Put IV0.45
Skew-
18 Sep 2026Put IV premium
Call IV0.34
Put IV0.41
Skew0.08
18 Dec 2026Balanced skew
Call IV0.30
Put IV0.34
Skew0.04
19 Mar 2027Balanced skew
Call IV0.30
Put IV0.35
Skew0.05
Contract Tape
Most active contracts
ContractPFGC260918C00115000
SideCall
Expiry18 Sep 2026
Strike115.00
Volume14
OI84
IV0.34
ContractPFGC261218C00115000
SideCall
Expiry18 Dec 2026
Strike115.00
Volume10
OI320
IV0.35
ContractPFGC261218P00090000
SidePut
Expiry18 Dec 2026
Strike90.00
Volume10
OI104
IV0.40
ContractPFGC261218C00120000
SideCall
Expiry18 Dec 2026
Strike120.00
Volume5
OI58
IV0.32
ContractPFGC260918C00105000
SideCall
Expiry18 Sep 2026
Strike105.00
Volume-
OI866
IV0.38
ContractPFGC260918C00110000
SideCall
Expiry18 Sep 2026
Strike110.00
Volume-
OI748
IV0.34
ContractPFGC260821P00110000
SidePut
Expiry21 Aug 2026
Strike110.00
Volume-
OI748
IV0.43
ContractPFGC260918P00090000
SidePut
Expiry18 Sep 2026
Strike90.00
Volume-
OI577
IV0.25
Research Graph
Related research and context
Sharemaestro research
Related News
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.