Ticker Options Intelligence

SBH options intelligence

Sally Beauty Holdings Inc options pressure, expected move, strike concentration, and Sharemaestro trend context.

Conviction 44 Market data through 30 Jul 2026 Checked 31 Jul 2026 09:27 · complete available chain

Call-side pressure

Bullish pressure

SBH currently carries bullish options pressure with a 44/100 conviction score. The nearest-chain expected move is 13.3%, with volume/open-interest participation at 0.00.

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

Call-side pressure

Expected move 13.3%

Wider near-term move priced

Activity / OI 0.00

Current volume is quieter versus prior open interest

Put-call 0.00

Call-side skew

Trend fit 0

Options are not fully confirming trend

Weekly backdrop -1.6%

RS -6.4

Expected move 13.3%
Put-call volume -
Volume / OI 0.00
Reference IV 0.40
Max pain 15.00
Underlying 14.64
Nearest expiry 21 Aug 2026
Contracts 86

Research Brief

SBH has a bullish chain read with 44/100 evidence alignment.

The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 12.69–16.59; The largest call open-interest concentration is 17.50; the largest put concentration is 10.00. The most active strike by current volume is 15.00.

Priced range12.69–16.59
Call concentration17.50
Put concentration10.00
Max pain reference15.00
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 12.69 to 16.59. Max pain at 15.00 sits inside that range, 2.5% above spot.

Spot Max pain
12.6914.64 ± 1.9516.59
Confirmation level

A close beyond 16.59 or below 12.69 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 44/100

Evidence alignment, not probability

Pressure is 88/100 toward calls; conviction uses its strength, while the signal label carries its direction.

Directional pressure88 × 42%
+37.0

How strongly activity leans toward calls or puts.

Participation2 × 22%
+0.4

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.

Volatility68 × 10%
+6.8

The intensity of implied volatility and the priced move.

Reconstructed score44.1Matches stored calculation

Positioning by Strike

Where open interest and current activity concentrate

Full strike map

The largest call open-interest concentration is 17.50; the largest put concentration is 10.00. 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
0
2.50-82.9%
1
0
5.00-65.8%
2
0
7.50-48.8%
0
100
10.00-31.7%
0
49
12.50-14.6%
1
82
15.002.5%
18
2
17.5019.5%
84
1
20.0036.6%
0
1
22.5053.7%
0
0
25.0070.8%
0
Nearest spot strike Max pain strikeBars show relative OI within this expiry

Volatility Curve

Back-loaded volatility

0.79× front/back

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

0.40 21 Aug 22d
0.58 18 Sep 50d
0.52 18 Dec 141d
0.50 19 Mar 232d

Volatility by Strike

Downside protection premium

Nearest expiry, within 20% of spot

Out-of-the-money puts carry higher implied volatility than comparable calls, indicating richer downside protection.

13
15
18
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

Usable with limits

C69/100
Retained chain100%
Implied volatility100%
Two-sided quotes100%
Open interest100%
Chain status
Complete available chain
Market date
30 Jul 2026
Calculation
v2.0
Contracts
86 / 86
  • 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

87/100
Primary intent Earnings/event positioning

Options activity is concentrated around a live event window, so the cleanest read is event positioning rather than pure direction.

Flow vs price divergence Bullish flow against weak price

Options are leaning call-side while the stock is down on the week, a divergence that needs price confirmation.

Why this matters

Earnings/event positioning matters because it connects the options headline to the actual evidence: $470 of estimated gross traded notional, calls · 8-21 days · atm, 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+88
1W price-1.6%
Call premium100%
Put premium0%
Notional split C 100% / P 0% Estimated gross traded notional uses volume × contract multiplier × midpoint, or last price when no valid midpoint is available.
Freshness 0.00 Volume divided by open interest across the visible chain.
Trend fit 0/100 Agreement between options pressure and Sharemaestro market context.
Event window 3 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 Calls · 8-21 days · ATM
Calls · 8-21 days · ATM calls cluster with 4 contracts traded, $470 estimated gross traded notional, and 100% of visible notional.
$470

Setup Classification

Opportunity and risk frame

Context, not advice
Warning Volatility expansion

The tape is pricing or displaying unusually elevated activity.

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.

Warning Crowded strike risk

Underlying price is close to the max-pain zone.

Warning Bullish pressure over fair value

Call pressure is building while the stock sits above Sharemaestro fair value.

Activity Anomaly

Warming up

-

2 of 10 completed market sessions are available. More session history is needed before activity can be compared with a reliable normal.

Baseline: 2 completed sessions

Volume rank-
Volume/OI rank-
IV rank-

Market Context

Underlying confirmation

Sharemaestro weekly
Close14.64
1W-1.6%
RS-6.4
Fair value+21.8%
Options pressure88
Speculation2
Volatility68
Trend fit0

Today Versus Normal

Stored-options context

View history
Expected move 13.3% history building
30d avg - · 2/10 sessions -
90d avg - · 2/30 sessions -
180d avg - · 2/60 sessions -
IV 0.40 history building
30d avg - · 2/10 sessions -
90d avg - · 2/30 sessions -
180d avg - · 2/60 sessions -
Put-call 0.00 history building
30d avg - · 2/10 sessions -
90d avg - · 2/30 sessions -
180d avg - · 2/60 sessions -
Volume/OI 0.00 history building
30d avg - · 2/10 sessions -
90d avg - · 2/30 sessions -
180d avg - · 2/60 sessions -

Pressure Trail

Recent pressure and volatility

Open trail
29 Jul 11:10 Bearish
Pressure -21
Move 12.1%
30 Jul 10:56 Volatility
Pressure 88
Move 14.5%
31 Jul 08:27 Bullish
Pressure 88
Move 13.3%

Strike Map

Where activity is clustering

Full strike map
Strike2.50
Calls · V 0 · OI 1
Puts · V 0 · OI 0
Strike5.00
Calls · V 0 · OI 2
Puts · V 0 · OI 0
Strike7.50
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike10.00
Calls · V 0 · OI 0
Puts · V 0 · OI 100
Strike12.50
Calls · V 0 · OI 1
Puts · V 0 · OI 49
Strike15.00
Calls · V 4 · OI 18
Puts · V 0 · OI 82
Strike17.50
Calls · V 0 · OI 84
Puts · V 0 · OI 2
Strike20.00
Calls · V 0 · OI 0
Puts · V 0 · OI 1

Term Structure

Expiration activity

Volume and IV
Expiry21 Aug 2026
Contracts20
Avg IV0.40
Put-call-
Expiry18 Sep 2026
Contracts22
Avg IV0.58
Put-call-
Expiry18 Dec 2026
Contracts22
Avg IV0.52
Put-call-
Expiry19 Mar 2027
Contracts22
Avg IV0.50
Put-call-

Skew

Call/put IV balance

OTM demand
21 Aug 2026Put IV premium
Call IV0.27
Put IV0.41
Skew0.15
18 Sep 2026Put IV premium
Call IV0.17
Put IV0.69
Skew0.52
18 Dec 2026Balanced skew
Call IV0.51
Put IV0.55
Skew0.04
19 Mar 2027Call IV premium
Call IV0.62
Put IV0.45
Skew-0.17

Contract Tape

Most active contracts

Full contract tape
ContractSBH260821C00015000
SideCall
Expiry21 Aug 2026
Strike15.00
Volume4
OI18
IV0.65
ContractSBH261218P00012500
SidePut
Expiry18 Dec 2026
Strike12.50
Volume-
OI4334
IV0.55
ContractSBH261218C00017500
SideCall
Expiry18 Dec 2026
Strike17.50
Volume-
OI128
IV0.51
ContractSBH260821P00010000
SidePut
Expiry21 Aug 2026
Strike10.00
Volume-
OI100
IV0.78
ContractSBH260918P00012500
SidePut
Expiry18 Sep 2026
Strike12.50
Volume-
OI92
IV0.69
ContractSBH260821C00017500
SideCall
Expiry21 Aug 2026
Strike17.50
Volume-
OI84
IV0.27
ContractSBH260918P00010000
SidePut
Expiry18 Sep 2026
Strike10.00
Volume-
OI82
IV0.52
ContractSBH260821P00015000
SidePut
Expiry21 Aug 2026
Strike15.00
Volume-
OI82
IV0.65