Ticker Options Intelligence

PRPL options intelligence

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

Conviction 43 Market data through 31 Jul 2026 Checked 1 Aug 2026 22:06 · complete available chain

Call-side pressure

Bullish pressure

PRPL currently carries bullish options pressure with a 43/100 conviction score. The nearest-chain expected move is 0.0%, with volume/open-interest participation at 0.15.

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

Call-side pressure

Expected move 0.0%

Near-term move context

Activity / OI 0.15

Current volume is quieter versus prior open interest

Put-call 0.09

Call-side skew

Trend fit 0

Options are not fully confirming trend

Weekly backdrop +6.2%

RS -58.2

Expected move 0.0%
Put-call volume 0.09
Volume / OI 0.15
Reference IV 0.00
Max pain 2.50
Underlying 8.10
Nearest expiry 21 Aug 2026
Contracts 10

Research Brief

PRPL has a bullish chain read with 43/100 evidence alignment.

The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 8.10–8.10; The largest call open-interest concentration is 5.00; the largest put concentration is 2.50. The most active strike by current volume is 2.50.

Priced range8.10–8.10
Call concentration5.00
Put concentration2.50
Max pain reference2.50
What would confirm it
  • Price holds or improves while call-side concentration remains elevated.
What would weaken it
  • Price weakens while call pressure fades or reverses toward puts.
  • Options and the weekly trend are not yet giving the same message.

Priced Move

Where the chain says movement becomes exceptional

Size, not direction · through 21 Aug

Options imply 8.10 to 8.10. Max pain at 2.50 lies outside the priced range, so it is a weak near-term anchor.

Spot Max pain
8.108.10 ± 0.008.10
Confirmation level

A close beyond 8.10 or below 8.10 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 43/100

Evidence alignment, not probability

Pressure is 95/100 toward calls; conviction uses its strength, while the signal label carries its direction.

Directional pressure95 × 42%
+40.1

How strongly activity leans toward calls or puts.

Participation14 × 22%
+3.1

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.

Volatility0 × 10%
+0.0

The intensity of implied volatility and the priced move.

Reconstructed score43.2Matches stored calculation

Positioning by Strike

Where open interest and current activity concentrate

Full strike map

The largest call open-interest concentration is 5.00; the largest put concentration is 2.50. The most active strike by current volume is 2.50. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.

Put open interestStrikeCall open interest
0
2.50-69.1%
1
0
5.00-38.3%
2
Nearest spot strike Max pain strikeBars show relative OI within this expiry

Volatility Curve

Back-loaded volatility

0.00× front/back

Longer-dated options carry more implied volatility than the front expiry, so risk is priced farther out.

0.00 21 Aug 21d
2.89 16 Oct 77d
2.74 15 Jan 168d

Volatility by Strike

Smile incomplete

Nearest expiry, within 20% of spot

There is not enough comparable OTM call and put volatility to classify the smile.

Comparable strike volatility is unavailable.

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

A91/100
Retained chain100%
Implied volatility100%
Two-sided quotes100%
Open interest100%
Chain status
Complete available chain
Market date
31 Jul 2026
Calculation
v2.0
Contracts
10 / 10
  • 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

Put-heavy activity

94/100
Primary intent Put-heavy activity

Put-side activity dominates. This can reflect hedging or directional positioning, but the chain alone cannot distinguish buying from selling.

Flow vs price divergence Bullish flow confirms price

Options pressure and weekly price action are pointing in the same constructive direction.

Why this matters

Put-heavy activity matters because it connects the options headline to the actual evidence: $5673 of estimated gross traded notional, puts · 46-90 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+95
1W price+6.2%
Call premium20%
Put premium80%
Notional split C 20% / P 80% Estimated gross traded notional uses volume × contract multiplier × midpoint, or last price when no valid midpoint is available.
Freshness 0.15 Volume divided by open interest across the visible chain.
Trend fit 0/100 Agreement between options pressure and Sharemaestro market context.
Event window 4 Aug Matched earnings event is 2 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 Puts · 46-90 days · OTM
Puts · 46-90 days · OTM puts cluster with 21 contracts traded, $4520 estimated gross traded notional, and 80% of visible notional.
$4520
Calls · 91+ days · ITM calls cluster with 101 contracts traded, $606 estimated gross traded notional, and 11% of visible notional.
$606
Calls · 46-90 days · ITM calls cluster with 131 contracts traded, $524 estimated gross traded notional, and 9% of visible notional.
$524
Calls · 8-21 days · ITM calls cluster with 1 contracts traded, $23 estimated gross traded notional, and 0% of visible notional.
$23

Setup Classification

Opportunity and risk frame

Context, not advice
Warning Event-risk setup

Expected move or upcoming earnings makes the setup more event-sensitive.

Negative Options disagreement

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

Sharemaestro weekly
Close8.10
1W+6.2%
RS-58.2
Fair value-67.1%
Options pressure95
Speculation14
Volatility0
Trend fit0

Today Versus Normal

Stored-options context

View history
Expected move 0.0% history building
30d avg - · 3/10 sessions -
90d avg - · 3/30 sessions -
180d avg - · 3/60 sessions -
IV 0.00 history building
30d avg - · 3/10 sessions -
90d avg - · 3/30 sessions -
180d avg - · 3/60 sessions -
Put-call 0.09 history building
30d avg - · 3/10 sessions -
90d avg - · 3/30 sessions -
180d avg - · 3/60 sessions -
Volume/OI 0.15 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 11:49 Bullish
Pressure 95
Move 0.0%
31 Jul 11:15 Bullish
Pressure 95
Move 0.0%
1 Aug 21:06 Bullish
Pressure 95
Move 0.0%

Strike Map

Where activity is clustering

Full strike map
Strike2.50
Calls · V 1 · OI 1
Puts · V 0 · OI 0
Strike5.00
Calls · V 0 · OI 2
Puts · V 0 · OI 0

Term Structure

Expiration activity

Volume and IV
Expiry21 Aug 2026
Contracts2
Avg IV0.00
Put-call-
Expiry16 Oct 2026
Contracts6
Avg IV2.89
Put-call0.16
Expiry15 Jan 2027
Contracts2
Avg IV2.74
Put-call-

Skew

Call/put IV balance

OTM demand
21 Aug 2026Incomplete skew
Call IV-
Put IV-
Skew-
16 Oct 2026Incomplete skew
Call IV-
Put IV8.48
Skew-
15 Jan 2027Incomplete skew
Call IV-
Put IV5.48
Skew-

Contract Tape

Most active contracts

Full contract tape
ContractPRPL270115P00002500
SidePut
Expiry15 Jan 2027
Strike2.50
Volume-
OI5
IV5.48
ContractPRPL260821C00005000
SideCall
Expiry21 Aug 2026
Strike5.00
Volume-
OI2
IV0.00
ContractPRPL261016C00007500
SideCall
Expiry16 Oct 2026
Strike7.50
Volume-
OI2
IV0.26
ContractPRPL261016P00007500
SidePut
Expiry16 Oct 2026
Strike7.50
Volume-
OI-
IV8.48
ContractPRPL261016C00002500
SideCall
Expiry16 Oct 2026
Strike2.50
Volume101
OI1539
IV0.00
ContractPRPL270115C00002500
SideCall
Expiry15 Jan 2027
Strike2.50
Volume101
OI77
IV0.00
ContractPRPL261016C00005000
SideCall
Expiry16 Oct 2026
Strike5.00
Volume30
OI31
IV0.00
ContractPRPL261016P00002500
SidePut
Expiry16 Oct 2026
Strike2.50
Volume20
OI-
IV0.50