Primary read
Volatility
Volatility expansion watch
Ticker Options Intelligence
NN options intelligence
Nextnav Acquisition Corp options pressure, expected move, strike concentration, and Sharemaestro trend context.
Conviction
48
Market data through 31 Jul 2026
Checked 2 Aug 2026 06:46 · complete available chain
Volatility expansion watch
Volatility pressure
NN currently carries volatility options pressure with a 48/100 conviction score. The nearest-chain expected move is 9.7%, with volume/open-interest participation at 0.01.
Expected move
9.7%
Wider near-term move priced
Activity / OI
0.01
Current volume is quieter versus prior open interest
Put-call
0.26
Call-side skew
Trend fit
0
Options are not fully confirming trend
Weekly backdrop
+5.4%
RS -26.3
Expected move
9.7%
Put-call volume
0.26
Volume / OI
0.01
Reference IV
0.89
Max pain
13.00
Underlying
13.11
Nearest expiry
7 Aug 2026
Contracts
726
Research Brief
NN 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 11.83–14.39; The largest call open-interest concentration is 15.00; the largest put concentration is 12.00. The most active strike by current volume is 13.00.
Priced range11.83–14.39
Call concentration15.00
Put concentration12.00
Max pain reference13.00
- A clear directional pressure reading develops and price begins to agree.
- Volatility falls and the chain remains directionally mixed.
- Options and the weekly trend are not yet giving the same message.
Priced Move
Where the chain says movement becomes exceptional
Options imply 11.83 to 14.39. Max pain at 13.00 sits inside that range, 0.8% below spot.
Spot
Max pain
11.8313.11 ± 1.2814.39
Confirmation level
A close beyond 14.39 or below 11.83 at the 7 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
Pressure is 70/100 toward calls; conviction uses its strength, while the signal label carries its direction.
Directional pressure70 × 42%
+29.2
How strongly activity leans toward calls or puts.
Participation40 × 22%
+8.9
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.
Volatility95 × 10%
+9.5
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 12.00. The most active strike by current volume is 13.00. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.
Put open interestStrikeCall open interest
4
10.00-23.7%
54
3
11.50-12.3%
0
36
12.00-8.5%
32
14
12.50-4.7%
17
14
13.00-0.8%
24
16
13.503.0%
19
30
14.006.8%
123
16
15.0014.4%
437
2
16.0022.0%
58
8
17.0029.7%
22
2
17.5033.5%
46
1
18.0037.3%
284
0
18.5041.1%
40
1
19.0044.9%
281
2
19.5048.7%
48
4
20.0052.6%
361
2
20.5056.4%
241
Nearest spot strike Max pain strikeBars show relative OI within this expiry
Volatility Curve
Back-loaded volatility
Longer-dated options carry more implied volatility than the front expiry, so risk is priced farther out.
0.89
7 Aug
7d
1.20
14 Aug
14d
1.12
21 Aug
21d
1.03
28 Aug
28d
1.03
4 Sep
35d
1.07
11 Sep
42d
1.05
18 Sep
49d
1.08
18 Dec
140d
Volatility by Strike
Upside optionality premium
Out-of-the-money calls carry higher implied volatility than comparable puts, indicating richer upside optionality.
11
11
12
12
13
13
14
14
15
15
16
Put IV Call IV
Historical Replay
How matured reads behaved through expiry
Forward validation is building. The earliest eligible stored read expires 31 Jul 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
- 726 / 726
- 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 are pricing movement more than direction; compare expected move with the stock's actual weekly change.
Earnings/event positioning matters because it connects the options headline to the actual evidence: $496014 of estimated gross traded notional, puts · 46-90 days · atm, 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+70
1W price+5.4%
Call premium63%
Put premium37%
Notional split
C 63% / P 37%
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
0/100
Agreement between options pressure and Sharemaestro market context.
Event window
5 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.
Puts · 46-90 days · ATM
puts cluster with 693 contracts traded, $133402 estimated gross traded notional, and 27% of visible notional.
$133402
Calls · 0-7 days · ATM
calls cluster with 1723 contracts traded, $120610 estimated gross traded notional, and 24% of visible notional.
$120610
Calls · 46-90 days · OTM
calls cluster with 1169 contracts traded, $63852 estimated gross traded notional, and 13% of visible notional.
$63852
Calls · 91+ days · OTM
calls cluster with 265 contracts traded, $49348 estimated gross traded notional, and 10% of visible notional.
$49348
Calls · 22-45 days · OTM
calls cluster with 329 contracts traded, $33982 estimated gross traded notional, and 7% of visible notional.
$33982
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.
Options positioning is not confirming the underlying trend context.
Underlying price is close to the max-pain zone.
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
Close13.11
1W+5.4%
RS-26.3
Fair value+14.6%
Options pressure70
Speculation40
Volatility95
Trend fit0
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 10:54
Volatility
Pressure 98
Move 9.2%
30 Jul 10:44
Volatility
Pressure 64
Move 10.0%
31 Jul 05:40
Bullish
Pressure 80
Move 11.9%
31 Jul 12:08
Volatility
Pressure 100
Move 8.3%
31 Jul 13:40
Bullish
Pressure 100
Move 11.9%
31 Jul 14:56
Bullish
Pressure 54
Move 11.1%
31 Jul 16:01
Bullish
Pressure 54
Move 11.1%
31 Jul 17:12
Bullish
Pressure 49
Move 10.2%
Strike Map
Where activity is clustering
Strike6.00
Calls · V 0 · OI 1
Puts · V 0 · OI 3
Strike7.00
Calls · V 0 · OI 0
Puts · V 0 · OI 3
Strike7.50
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike8.00
Calls · V 0 · OI 0
Puts · V 0 · OI 3
Strike8.50
Calls · V 0 · OI 0
Puts · V 0 · OI 1
Strike9.00
Calls · V 0 · OI 0
Puts · V 0 · OI 2
Strike9.50
Calls · V 0 · OI 0
Puts · V 0 · OI 3
Strike10.00
Calls · V 10 · OI 54
Puts · V 2 · OI 4
Term Structure
Expiration activity
Expiry7 Aug 2026
Contracts82
Avg IV0.89
Put-call0.16
Expiry14 Aug 2026
Contracts84
Avg IV1.20
Put-call1.19
Expiry21 Aug 2026
Contracts94
Avg IV1.12
Put-call0.03
Expiry28 Aug 2026
Contracts68
Avg IV1.03
Put-call-
Expiry4 Sep 2026
Contracts62
Avg IV1.03
Put-call-
Skew
Call/put IV balance
7 Aug 2026Call IV premium
Call IV0.92
Put IV0.86
Skew-0.06
14 Aug 2026Balanced skew
Call IV1.22
Put IV1.26
Skew0.04
21 Aug 2026Call IV premium
Call IV1.60
Put IV1.19
Skew-0.41
28 Aug 2026Balanced skew
Call IV1.08
Put IV1.12
Skew0.04
4 Sep 2026Put IV premium
Call IV1.04
Put IV1.10
Skew0.06
Contract Tape
Most active contracts
ContractNN260807C00013000
SideCall
Expiry7 Aug 2026
Strike13.00
Volume1723
OI24
IV0.88
ContractNN260918P00013000
SidePut
Expiry18 Sep 2026
Strike13.00
Volume693
OI581
IV1.06
ContractNN260918C00025000
SideCall
Expiry18 Sep 2026
Strike25.00
Volume506
OI19262
IV1.23
ContractNN260821C00039000
SideCall
Expiry21 Aug 2026
Strike39.00
Volume484
OI863
IV1.69
ContractNN260807C00015000
SideCall
Expiry7 Aug 2026
Strike15.00
Volume313
OI437
IV1.00
ContractNN260807P00011500
SidePut
Expiry7 Aug 2026
Strike11.50
Volume307
OI3
IV0.99
ContractNN260904C00015000
SideCall
Expiry4 Sep 2026
Strike15.00
Volume300
OI-
IV1.07
ContractNN260918C00020000
SideCall
Expiry18 Sep 2026
Strike20.00
Volume228
OI9459
IV1.08
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.