Primary read
Volatility
Volatility expansion watch
Ticker Options Intelligence
TEMT options intelligence
TRADR 2X LONG TEM DAILY ETF options pressure, expected move, strike concentration, and Sharemaestro trend context.
Conviction
72
Market data through 4 Aug 2026
Checked 5 Aug 2026 14:05 · complete available chain
Volatility expansion watch
Volatility pressure
TEMT currently carries volatility options pressure with a 72/100 conviction score. The nearest-chain expected move is 30.6%, with volume/open-interest participation at 0.29.
Expected move
30.6%
Wider near-term move priced
Activity / OI
0.29
Current volume is quieter versus prior open interest
Put-call
8.42
Put-side skew
Trend fit
82
Options agree with trend context
Weekly backdrop
+5.0%
RS -71.2
Expected move
30.6%
Put-call volume
8.42
Volume / OI
0.29
Reference IV
1.48
Max pain
15.00
Underlying
13.32
Nearest expiry
21 Aug 2026
Contracts
268
Research Brief
TEMT has a volatility chain read with 72/100 evidence alignment.
The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 9.25–17.39; The largest call open-interest concentration is 15.00; the largest put concentration is 15.00. The most active strike by current volume is 15.00.
Priced range9.25–17.39
Call concentration15.00
Put concentration15.00
Max pain reference15.00
- A clear directional pressure reading develops and price begins to agree.
- The current chain read already agrees with the stored weekly trend context.
- Volatility falls and the chain remains directionally mixed.
Priced Move
Where the chain says movement becomes exceptional
Options imply 9.25 to 17.39. Max pain at 15.00 sits inside that range, 12.6% above spot.
Spot
Max pain
9.2513.32 ± 4.0717.39
Confirmation level
A close beyond 17.39 or below 9.25 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 72/100
Pressure is 72/100 toward puts; conviction uses its strength, while the signal label carries its direction.
Directional pressure72 × 42%
+30.3
How strongly activity leans toward calls or puts.
Participation47 × 22%
+10.3
Volume relative to existing open interest and contract-level activity.
Trend agreement82 × 26%
+21.4
How closely the chain read agrees with the underlying trend backdrop.
Volatility96 × 10%
+9.6
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 15.00; the largest put concentration is 15.00. The most active strike by current volume is 15.00. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.
Put open interestStrikeCall open interest
6
10.00-24.9%
22
14
11.00-17.4%
0
12
12.00-9.9%
1
9
13.00-2.4%
0
8
14.005.1%
5
18
15.0012.6%
48
4
16.0020.1%
25
2
17.0027.6%
8
11
18.0035.1%
11
16
19.0042.6%
1
6
20.0050.2%
34
4
25.0087.7%
33
0
26.0095.2%
7
0
28.00110.2%
15
0
29.00117.7%
7
0
30.00125.2%
6
0
35.00162.8%
34
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+$1,624Delta change / 1% move
Positive peak25.00+$516
Negative peak19.00-$325
Nearest balance14.08Interpolated sign change
StrikeNegativePositiveNet / 1% move
4.00-70.0%
+$1
5.00-62.5%
+$0
9.00-32.4%
-$6
10.00-24.9%
+$35
11.00-17.4%
-$129
12.00-9.9%
-$167
13.00-2.4%
-$138
14.005.1%
-$38
15.0012.6%
+$429
16.0020.1%
+$276
17.0027.6%
+$86
18.0035.1%
+$33
19.0042.6%
-$325
20.0050.2%
+$505
21.0057.7%
-$66
22.0065.2%
+$33
23.0072.7%
+$23
24.0080.2%
+$28
25.0087.7%
+$516
26.0095.2%
-$6
27.00102.7%
+$26
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
Balanced volatility curve
Near- and longer-dated implied volatility are broadly aligned; no exceptional front-expiry premium is visible.
1.48
21 Aug
17d
1.45
18 Sep
45d
1.51
18 Dec
136d
1.55
19 Mar
227d
Volatility by Strike
Downside protection premium
Out-of-the-money puts carry higher implied volatility than comparable calls, indicating richer downside protection.
11
12
13
14
15
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
- Auditable calculationoriginal version retained
- Independent entryone read per market session
- Point-in-time referencerequired at entry
- Matched expiry closereported only after maturity
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
- Complete available chain
- Market date
- 4 Aug 2026
- Calculation
- v2.0
- Contracts
- 268 / 268
- 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
Volatility expansion bet
The strongest message is movement risk: expected move and implied volatility are carrying more signal than direction.
Options are pricing movement more than direction; compare expected move with the stock's actual weekly change.
Volatility expansion bet matters because it connects the options headline to the actual evidence: $207,775 of estimated gross traded notional, puts · 91+ days · itm, 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-72
1W price+5.0%
Call premium2%
Put premium98%
Notional split
C 2% / P 98%
Estimated gross traded notional uses volume × contract multiplier × midpoint, or last price when no valid midpoint is available.
Freshness
0.29
Volume divided by open interest across the visible chain.
Trend fit
82/100
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.
Puts · 91+ days · ITM
puts cluster with 115 contracts traded, $137,425 estimated gross traded notional, and 66% of visible notional.
$137,425
Puts · 22-45 days · ITM
puts cluster with 100 contracts traded, $64,950 estimated gross traded notional, and 31% of visible notional.
$64,950
Calls · 91+ days · OTM
calls cluster with 6 contracts traded, $2,150 estimated gross traded notional, and 1% of visible notional.
$2,150
Calls · 8-21 days · OTM
calls cluster with 14 contracts traded, $1,698 estimated gross traded notional, and 1% of visible notional.
$1,698
Calls · 22-45 days · OTM
calls cluster with 5 contracts traded, $712 estimated gross traded notional, and 0% of visible notional.
$712
Setup Classification
Opportunity and risk frame
Positioning agrees with the Sharemaestro trend backdrop.
The tape is pricing or displaying unusually elevated activity.
Expected move or upcoming earnings makes the setup more event-sensitive.
Activity Anomaly
Warming up
5 of 10 completed market sessions are available. More session history is needed before activity can be compared with a reliable normal.
Baseline: 5 completed sessions
Volume rank-
Volume/OI rank-
IV rank-
Market Context
Underlying confirmation
Close13.32
1W+5.0%
RS-71.2
Fair value-69.4%
Options pressure-72
Speculation47
Volatility96
Trend fit82
Today Versus Normal
Stored-options context
30d avg - · 5/10 sessions
-
90d avg - · 5/30 sessions
-
180d avg - · 5/60 sessions
-
30d avg - · 5/10 sessions
-
90d avg - · 5/30 sessions
-
180d avg - · 5/60 sessions
-
30d avg - · 5/10 sessions
-
90d avg - · 5/30 sessions
-
180d avg - · 5/60 sessions
-
30d avg - · 5/10 sessions
-
90d avg - · 5/30 sessions
-
180d avg - · 5/60 sessions
-
Pressure Trail
Recent pressure and volatility
29 Jul 13:16
Volatility
Pressure 100
Move 33.7%
30 Jul 13:03
Volatility
Pressure 100
Move 31.9%
31 Jul 12:36
Volatility
Pressure 79
Move 32.5%
3 Aug 11:25
Mixed
Pressure 7
Move 28.2%
4 Aug 12:42
Volatility
Pressure -64
Move 29.1%
5 Aug 13:05
Volatility
Pressure -72
Move 30.6%
Strike Map
Where activity is clustering
Strike1.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike2.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike3.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike4.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike5.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike6.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike7.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike8.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Term Structure
Expiration activity
Expiry21 Aug 2026
Contracts64
Avg IV1.48
Put-call0.27
Expiry18 Sep 2026
Contracts64
Avg IV1.45
Put-call20.00
Expiry18 Dec 2026
Contracts72
Avg IV1.51
Put-call19.17
Expiry19 Mar 2027
Contracts68
Avg IV1.55
Put-call-
Skew
Call/put IV balance
21 Aug 2026Put IV premium
Call IV1.32
Put IV1.54
Skew0.21
18 Sep 2026Put IV premium
Call IV1.39
Put IV1.53
Skew0.14
18 Dec 2026Balanced skew
Call IV1.55
Put IV1.55
Skew-
19 Mar 2027Put IV premium
Call IV1.51
Put IV1.60
Skew0.09
Contract Tape
Most active contracts
ContractTEMT261218P00024000
SidePut
Expiry18 Dec 2026
Strike24.00
Volume115
OI-
IV1.55
ContractTEMT260918P00021000
SidePut
Expiry18 Sep 2026
Strike21.00
Volume50
OI9
IV1.45
ContractTEMT260918P00018000
SidePut
Expiry18 Sep 2026
Strike18.00
Volume40
OI-
IV1.52
ContractTEMT260918P00024000
SidePut
Expiry18 Sep 2026
Strike24.00
Volume10
OI-
IV1.47
ContractTEMT260821C00015000
SideCall
Expiry21 Aug 2026
Strike15.00
Volume7
OI48
IV1.34
ContractTEMT260918C00020000
SideCall
Expiry18 Sep 2026
Strike20.00
Volume5
OI12
IV1.32
ContractTEMT260821C00025000
SideCall
Expiry21 Aug 2026
Strike25.00
Volume4
OI33
IV0.94
ContractTEMT261218C00021000
SideCall
Expiry18 Dec 2026
Strike21.00
Volume4
OI1
IV1.43
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
No upcoming matched earnings event.
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.