Primary read
Bullish
Call-side pressure
Ticker Options Intelligence
LION options intelligence
Lionsgate Studios Holding Corp. (to be renamed Lionsgate Studios Corp.) options pressure, expected move, strike concentration, and Sharemaestro trend context.
Conviction
56
Market data through 16 Sep 2026
Checked 16 Sep 2026 22:16 · partial chain
Call-side pressure
Bullish pressure
LION currently carries bullish options pressure with a 56/100 conviction score. The nearest-chain expected move is 3.5%, with volume/open-interest participation at 0.04.
Expected move
3.5%
Near-term move context
Activity / OI
0.04
Current volume is quieter versus prior open interest
Put-call
0.06
Call-side skew
Trend fit
0
Options are not fully confirming trend
Weekly backdrop
-4.7%
RS -3.6
Expected move
3.5%
Put-call volume
0.06
Volume / OI
0.04
Reference IV
1.49
Max pain
12.00
Underlying
11.27
Nearest expiry
18 Sep 2026
Contracts
108
Research Brief
LION has a bullish chain read with 56/100 evidence alignment.
The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 10.87–11.67; The largest call open-interest concentration is 12.00; the largest put concentration is 12.00. The most active strike by current volume is 19.00.
Priced range10.87–11.67
Call concentration12.00
Put concentration12.00
Max pain reference12.00
- Price holds or improves while call-side concentration remains elevated.
- Participation is above the ticker's stored normal, which makes the read more noteworthy.
- 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 10.87 to 11.67. Max pain at 12.00 lies outside the priced range, so it is a weak near-term anchor.
Spot
Max pain
10.8711.27 ± 0.4011.67
Confirmation level
A close beyond 11.67 or below 10.87 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 56/100
Pressure is 96/100 toward calls; conviction uses its strength, while the signal label carries its direction.
Directional pressure96 × 42%
+40.3
How strongly activity leans toward calls or puts.
Participation39 × 22%
+8.6
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.
Volatility70 × 10%
+7.0
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 12.00; the largest put concentration is 12.00. The most active strike by current volume is 19.00. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.
Put open interestStrikeCall open interest
0
4.00-64.5%
10
0
7.00-37.9%
11
1000
8.00-29.0%
3
1686
9.00-20.1%
19
91
10.00-11.3%
1822
158
11.00-2.4%
266
15135
12.006.5%
6571
14
13.0015.4%
1033
5005
14.0024.2%
445
0
15.0033.1%
699
0
16.0042.0%
1167
2
17.0050.8%
291
1
18.0059.7%
1591
0
19.0068.6%
777
0
20.0077.5%
513
0
25.00121.8%
12
0
33.00192.8%
22
Nearest spot strike Max pain strikeBars show relative OI within this expiry
Gamma Profile by Strike
Positive gamma proxy
Call-side gamma sensitivity outweighs the put-side proxy across the retained chain. The largest bars mark levels where delta-hedging sensitivity may be most concentrated.
Net profile+$514,642Delta change / 1% move
Positive peak14.00+$139,810
Negative peak9.00-$33,653
Nearest balance9.34Interpolated sign change
StrikeNegativePositiveNet / 1% move
2.00-82.3%
+$1
3.00-73.4%
+$7
4.00-64.5%
+$11
5.00-55.6%
-$27
7.00-37.9%
+$2,256
8.00-29.0%
-$6,514
9.00-20.1%
-$33,653
10.00-11.3%
+$64,023
11.00-2.4%
+$8,697
12.006.5%
+$128,034
13.0015.4%
+$33,933
14.0024.2%
+$139,810
15.0033.1%
+$32,725
16.0042.0%
+$12,732
17.0050.8%
+$109,359
18.0059.7%
+$2,378
19.0068.6%
+$8,005
20.0077.5%
+$12,686
21.0086.3%
+$36
22.0095.2%
+$32
25.00121.8%
+$22
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
Near-term options are materially richer than later expirations, consistent with concentrated event or immediate-risk pricing.
1.49
18 Sep
2d
0.68
16 Oct
30d
0.85
20 Nov
65d
0.55
18 Dec
93d
Volatility by Strike
Downside protection premium
Out-of-the-money puts carry higher implied volatility than comparable calls, indicating richer downside protection.
10
11
12
13
Put IV Call IV
Historical Replay
How matured reads behaved through expiry
Across 8 stored directional transitions, the next stored price moved in the labelled direction 0% of the time.
Directional follow-through0%
Moves contained by pricing59%
Average expiry move8.0%
16 Sep
Bullish · 56
-4.7% through expiry
3.5% priced · v2.0
15 Sep
Bullish · 37
-4.7% through expiry
4.4% priced · v2.0
11 Sep
Bullish · 34
-4.7% through expiry
6.3% priced · v2.0
10 Sep
Bullish · 50
-3.8% through expiry
7.7% priced · v2.0
9 Sep
Mixed · 35
-3.8% through expiry
8.7% priced · v2.0
4 Sep
Bullish · 52
-3.8% through expiry
6.4% priced · v2.0
3 Sep
Bullish · 55
-5.8% through expiry
8.1% priced · v2.0
1 Sep
Bullish · 50
-5.8% through expiry
10.3% priced · v2.0
24 Aug
Volatility · 45
-6.7% through expiry
10.0% priced · v2.0
21 Aug
Volatility · 51
-6.7% through expiry
12.8% priced · v2.0
20 Aug
Volatility · 49
-4.0% through expiry
4.7% priced · v2.0
18 Aug
Volatility · 56
-4.0% through expiry
5.6% 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
Retained chain100%
Implied volatility100%
Two-sided quotes100%
Open interest100%
- Chain status
- Retained chain subset
- Market date
- 16 Sep 2026
- Calculation
- v2.0
- Contracts
- 108 / 108
- 100% of provider contracts were retained for this snapshot.
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
Activity is spread across expirations with heavier open interest than current volume, which can be consistent with position maintenance.
Options are leaning call-side while the stock is down on the week, a divergence that needs price confirmation.
Multi-expiry position-maintenance candidate matters because it connects the options headline to the actual evidence: $205,902 of estimated gross traded notional, calls · 46-90 days · otm, and a bullish flow against weak price backdrop. Use it as a research priority signal, then validate the chart, liquidity, event calendar, and risk before acting.
Options pressure+96
1W price-4.7%
Call premium82%
Put premium18%
Notional split
C 82% / P 18%
Estimated gross traded notional uses volume × contract multiplier × midpoint, or last price when no valid midpoint is available.
Freshness
0.04
Volume divided by open interest across the visible chain.
Trend fit
0/100
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.
Calls · 46-90 days · OTM
calls cluster with 1938 contracts traded, $48,608 estimated gross traded notional, and 24% of visible notional.
$48,608
Calls · 46-90 days · ITM
calls cluster with 312 contracts traded, $47,412 estimated gross traded notional, and 23% of visible notional.
$47,412
Puts · 0-7 days · ITM
puts cluster with 129 contracts traded, $30,210 estimated gross traded notional, and 15% of visible notional.
$30,210
Calls · 22-45 days · OTM
calls cluster with 252 contracts traded, $12,060 estimated gross traded notional, and 6% of visible notional.
$12,060
Calls · 0-7 days · ITM
calls cluster with 17 contracts traded, $10,582 estimated gross traded notional, and 5% of visible notional.
$10,582
Setup Classification
Opportunity and risk frame
The tape is pricing or displaying unusually elevated activity.
Options positioning is not confirming the underlying trend context.
Activity Anomaly
High anomaly
Current options activity is unusually hot versus this ticker's stored history.
Baseline: 23 completed sessions
Volume rank91th
Volume/OI rank91th
IV rank96th
Market Context
Underlying confirmation
Close10.74
1W-4.7%
RS-3.6
Fair value+15.4%
Options pressure96
Speculation39
Volatility70
Trend fit0
Today Versus Normal
Stored-options context
30d avg 7.7% · 11 sessions
0th
90d avg - · 23/30 sessions
-
180d avg - · 23/60 sessions
-
30d avg 0.65 · 11 sessions
91th
90d avg - · 23/30 sessions
-
180d avg - · 23/60 sessions
-
30d avg 0.26 · 11 sessions
45th
90d avg - · 23/30 sessions
-
180d avg - · 23/60 sessions
-
30d avg 0.02 · 11 sessions
82th
90d avg - · 23/30 sessions
-
180d avg - · 23/60 sessions
-
Pressure Trail
Recent pressure and volatility
31 Jul 10:25
Mixed
Pressure 14
Move 11.4%
31 Jul 13:52
Volatility
Pressure 72
Move 12.6%
31 Jul 15:08
Volatility
Pressure 72
Move 11.8%
31 Jul 15:33
Volatility
Pressure 72
Move 11.8%
3 Aug 11:36
Volatility
Pressure 100
Move 12.2%
3 Aug 18:31
Volatility
Pressure 40
Move 10.9%
3 Aug 22:46
Volatility
Pressure 42
Move 14.9%
4 Aug 05:54
Volatility
Pressure 100
Move 14.9%
Strike Map
Where activity is clustering
Strike1.00
Calls · V 2 · OI 0
Puts · V 0 · OI 0
Strike2.00
Calls · V 1 · OI 2
Puts · V 0 · OI 0
Strike3.00
Calls · V 2 · OI 0
Puts · V 0 · OI 0
Strike4.00
Calls · V 0 · OI 10
Puts · V 0 · OI 0
Strike5.00
Calls · V 1 · OI 0
Puts · V 0 · OI 0
Strike6.00
Calls · V 1 · OI 0
Puts · V 2 · OI 0
Strike7.00
Calls · V 5 · OI 11
Puts · V 2 · OI 0
Strike8.00
Calls · V 2 · OI 3
Puts · V 20 · OI 1000
Term Structure
Expiration activity
Expiry18 Sep 2026
Contracts40
Avg IV1.49
Put-call0.21
Expiry16 Oct 2026
Contracts14
Avg IV0.68
Put-call0.01
Expiry20 Nov 2026
Contracts16
Avg IV0.85
Put-call0.00
Expiry18 Dec 2026
Contracts38
Avg IV0.55
Put-call0.47
Skew
Call/put IV balance
18 Sep 2026Put IV premium
Call IV1.04
Put IV1.15
Skew0.11
16 Oct 2026Put IV premium
Call IV0.55
Put IV0.85
Skew0.30
20 Nov 2026Incomplete skew
Call IV0.67
Put IV-
Skew-
18 Dec 2026Balanced skew
Call IV0.58
Put IV0.60
Skew0.02
Contract Tape
Most active contracts
ContractLION261016P00014000
SidePut
Expiry16 Oct 2026
Strike14.00
Volume-
OI107
IV0.59
ContractLION261016P00013000
SidePut
Expiry16 Oct 2026
Strike13.00
Volume-
OI98
IV1.01
ContractLION261016P00010000
SidePut
Expiry16 Oct 2026
Strike10.00
Volume-
OI50
IV0.50
ContractLION260918C00033000
SideCall
Expiry18 Sep 2026
Strike33.00
Volume-
OI22
IV9.41
ContractLION260918C00004000
SideCall
Expiry18 Sep 2026
Strike4.00
Volume-
OI10
IV19.30
ContractLION261120P00013000
SidePut
Expiry20 Nov 2026
Strike13.00
Volume-
OI5
IV0.51
ContractLION260918C00026000
SideCall
Expiry18 Sep 2026
Strike26.00
Volume-
OI4
IV6.62
ContractLION261120C00005000
SideCall
Expiry20 Nov 2026
Strike5.00
Volume-
OI2
IV1.44
Research Graph
Related research and context
Sharemaestro research
Related News
No recent ticker-specific news yet.
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.