Ticker Options Intelligence

LZ options intelligence

LegalZoom.com Inc options pressure, expected move, strike concentration, and Sharemaestro trend context.

Conviction 48 Market data through 31 Jul 2026 Checked 31 Jul 2026 21:52 · complete available chain

Volatility expansion watch

Volatility pressure

LZ currently carries volatility options pressure with a 48/100 conviction score. The nearest-chain expected move is 23.3%, with volume/open-interest participation at 0.11.

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

Volatility expansion watch

Expected move 23.3%

Wider near-term move priced

Activity / OI 0.11

Current volume is quieter versus prior open interest

Put-call 0.20

Call-side skew

Trend fit 0

Options are not fully confirming trend

Weekly backdrop +9.6%

RS -14.0

Expected move 23.3%
Put-call volume 0.20
Volume / OI 0.11
Reference IV 1.08
Max pain 6.00
Underlying 7.18
Nearest expiry 21 Aug 2026
Contracts 89

Research Brief

LZ 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 5.50–8.86; The largest call open-interest concentration is 8.00; the largest put concentration is 6.00. The most active strike by current volume is 7.00.

Priced range5.50–8.86
Call concentration8.00
Put concentration6.00
Max pain reference6.00
What would confirm it
  • A clear directional pressure reading develops and price begins to agree.
What would weaken it
  • Volatility falls and the chain remains directionally mixed.
  • 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

Size, not direction · through 21 Aug

Options imply 5.50 to 8.86. Max pain at 6.00 sits inside that range, 16.4% below spot.

Spot Max pain
5.507.18 ± 1.688.86
Confirmation level

A close beyond 8.86 or below 5.50 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 48/100

Evidence alignment, not probability

Pressure is 72/100 toward calls; conviction uses its strength, while the signal label carries its direction.

Directional pressure72 × 42%
+30.3

How strongly activity leans toward calls or puts.

Participation37 × 22%
+8.1

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.

Volatility96 × 10%
+9.6

The intensity of implied volatility and the priced move.

Reconstructed score48.0Matches stored calculation

Positioning by Strike

Where open interest and current activity concentrate

Full strike map

The largest call open-interest concentration is 8.00; the largest put concentration is 6.00. The most active strike by current volume is 7.00. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.

Put open interestStrikeCall open interest
0
1.00-86.1%
2
0
2.00-72.1%
1
11
4.00-44.3%
0
5
5.00-30.4%
0
20
6.00-16.4%
427
12
7.00-2.5%
543
0
8.0011.4%
701
0
9.0025.3%
9
4
10.0039.3%
28
0
11.0053.2%
3
Nearest spot strike Max pain strikeBars show relative OI within this expiry

Volatility Curve

Front-loaded volatility

1.18× front/back

Near-term options are materially richer than later expirations, consistent with concentrated event or immediate-risk pricing.

1.08 21 Aug 21d
0.94 18 Sep 49d
0.72 18 Dec 140d
0.72 15 Jan 168d
0.70 19 Mar 231d
0.91 21 Jan 539d

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.

6
7
8
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

A96/100
Retained chain100%
Implied volatility100%
Two-sided quotes100%
Open interest100%
Chain status
Complete available chain
Market date
31 Jul 2026
Calculation
v2.0
Contracts
89 / 89
  • 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

84/100
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 Volatility flow versus price

Options are pricing movement more than direction; compare expected move with the stock's actual weekly change.

Why this matters

Earnings/event positioning matters because it connects the options headline to the actual evidence: $227260 of estimated gross traded notional, calls · 91+ days · otm, 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+9.6%
Call premium80%
Put premium20%
Notional split C 80% / P 20% Estimated gross traded notional uses volume × contract multiplier × midpoint, or last price when no valid midpoint is available.
Freshness 0.11 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 4 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 · 91+ days · OTM
Calls · 91+ days · OTM calls cluster with 2045 contracts traded, $140825 estimated gross traded notional, and 62% of visible notional.
$140825
Puts · 91+ days · ITM puts cluster with 109 contracts traded, $31832 estimated gross traded notional, and 14% of visible notional.
$31832
Calls · 46-90 days · OTM calls cluster with 527 contracts traded, $19473 estimated gross traded notional, and 9% of visible notional.
$19473
Calls · 91+ days · ITM calls cluster with 43 contracts traded, $12448 estimated gross traded notional, and 5% of visible notional.
$12448
Puts · 91+ days · OTM puts cluster with 109 contracts traded, $7950 estimated gross traded notional, and 3% of visible notional.
$7950

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.

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
Close7.87
1W+9.6%
RS-14.0
Fair value-12.0%
Options pressure72
Speculation37
Volatility96
Trend fit0

Today Versus Normal

Stored-options context

View history
Expected move 23.3% history building
30d avg - · 3/10 sessions -
90d avg - · 3/30 sessions -
180d avg - · 3/60 sessions -
IV 1.08 history building
30d avg - · 3/10 sessions -
90d avg - · 3/30 sessions -
180d avg - · 3/60 sessions -
Put-call 0.20 history building
30d avg - · 3/10 sessions -
90d avg - · 3/30 sessions -
180d avg - · 3/60 sessions -
Volume/OI 0.11 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 11:12 Volatility
Pressure 100
Move 25.1%
30 Jul 10:59 Volatility
Pressure 100
Move 26.5%
30 Jul 14:43 Bullish
Pressure 67
Move 23.3%
30 Jul 15:01 Bullish
Pressure 67
Move 22.3%
30 Jul 19:33 Bullish
Pressure 72
Move 21.9%
31 Jul 12:16 Volatility
Pressure 100
Move 21.9%
31 Jul 16:54 Volatility
Pressure 72
Move 21.2%
31 Jul 19:44 Volatility
Pressure 72
Move 23.7%

Strike Map

Where activity is clustering

Full strike map
Strike1.00
Calls · V 5 · OI 2
Puts · V 0 · OI 0
Strike2.00
Calls · V 0 · OI 1
Puts · V 0 · OI 0
Strike4.00
Calls · V 0 · OI 0
Puts · V 10 · OI 11
Strike5.00
Calls · V 0 · OI 0
Puts · V 4 · OI 5
Strike6.00
Calls · V 1 · OI 427
Puts · V 1 · OI 20
Strike7.00
Calls · V 16 · OI 543
Puts · V 10 · OI 12
Strike8.00
Calls · V 2 · OI 701
Puts · V 0 · OI 0
Strike9.00
Calls · V 1 · OI 9
Puts · V 0 · OI 0

Term Structure

Expiration activity

Volume and IV
Expiry21 Aug 2026
Contracts13
Avg IV1.08
Put-call1.22
Expiry18 Sep 2026
Contracts26
Avg IV0.94
Put-call0.53
Expiry18 Dec 2026
Contracts13
Avg IV0.72
Put-call0.17
Expiry15 Jan 2027
Contracts22
Avg IV0.72
Put-call0.01
Expiry19 Mar 2027
Contracts2
Avg IV0.70
Put-call-

Skew

Call/put IV balance

OTM demand
21 Aug 2026Put IV premium
Call IV0.82
Put IV1.04
Skew0.22
18 Sep 2026Put IV premium
Call IV0.70
Put IV0.77
Skew0.07
18 Dec 2026Balanced skew
Call IV0.71
Put IV0.71
Skew-0.01
15 Jan 2027Balanced skew
Call IV0.65
Put IV0.68
Skew0.03
19 Mar 2027Incomplete skew
Call IV-
Put IV-
Skew-

Contract Tape

Most active contracts

Full contract tape
ContractLZ280121C00017000
SideCall
Expiry21 Jan 2028
Strike17.00
Volume-
OI37
IV0.84
ContractLZ270115P00015000
SidePut
Expiry15 Jan 2027
Strike15.00
Volume-
OI8
IV0.00
ContractLZ261218P00007000
SidePut
Expiry18 Dec 2026
Strike7.00
Volume-
OI2
IV0.71
ContractLZ261218P00008000
SidePut
Expiry18 Dec 2026
Strike8.00
Volume-
OI1
IV1.39
ContractLZ270319P00008000
SidePut
Expiry19 Mar 2027
Strike8.00
Volume-
OI1
IV0.66
ContractLZ280121C00015000
SideCall
Expiry21 Jan 2028
Strike15.00
Volume-
OI1
IV0.80
ContractLZ260918C00015000
SideCall
Expiry18 Sep 2026
Strike15.00
Volume-
OI1
IV1.23
ContractLZ260918C00017000
SideCall
Expiry18 Sep 2026
Strike17.00
Volume-
OI1
IV1.40