Primary read
Bearish
Put-side pressure
Ticker Options Intelligence
XYL options intelligence
Xylem Inc options pressure, expected move, strike concentration, and Sharemaestro trend context.
Conviction
54
Market data through 12 Aug 2026
Checked 13 Aug 2026 11:22 · complete available chain
Put-side pressure
Bearish pressure
XYL currently carries bearish options pressure with a 54/100 conviction score. The nearest-chain expected move is 3.4%, with volume/open-interest participation at 0.04.
Expected move
3.4%
Near-term move context
Activity / OI
0.04
Current volume is quieter versus prior open interest
Put-call
93.40
Put-side skew
Trend fit
40
Options are not fully confirming trend
Weekly backdrop
+2.9%
RS -17.8
Expected move
3.4%
Put-call volume
93.40
Volume / OI
0.04
Reference IV
0.29
Max pain
120.00
Underlying
120.32
Nearest expiry
21 Aug 2026
Contracts
250
Research Brief
XYL has a bearish chain read with 54/100 evidence alignment.
The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 116.25–124.39; The largest call open-interest concentration is 125.00; the largest put concentration is 120.00. The most active strike by current volume is 120.00.
Priced range116.25–124.39
Call concentration125.00
Put concentration120.00
Max pain reference120.00
- Price remains weak while put-side concentration persists.
- Price recovers while put pressure fades or reverses toward calls.
- Options and the weekly trend are not yet giving the same message.
Priced Move
Where the chain says movement becomes exceptional
Options imply 116.25 to 124.39. Max pain at 120.00 sits inside that range, 0.3% below spot.
Spot
Max pain
116.25120.32 ± 4.07124.39
Confirmation level
A close beyond 124.39 or below 116.25 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 54/100
Pressure is 90/100 toward puts; conviction uses its strength, while the signal label carries its direction.
Directional pressure90 × 42%
+37.9
How strongly activity leans toward calls or puts.
Participation11 × 22%
+2.4
Volume relative to existing open interest and contract-level activity.
Trend agreement40 × 26%
+10.4
How closely the chain read agrees with the underlying trend backdrop.
Volatility34 × 10%
+3.4
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 125.00; the largest put concentration is 120.00. The most active strike by current volume is 120.00. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.
Put open interestStrikeCall open interest
0
60.00-50.1%
0
0
65.00-46.0%
0
0
70.00-41.8%
0
0
75.00-37.7%
0
2
90.00-25.2%
0
7
95.00-21.0%
0
27
100.00-16.9%
0
538
105.00-12.7%
0
64
110.00-8.6%
9
112
115.00-4.4%
33
1889
120.00-0.3%
708
9
125.003.9%
2949
9
130.008.0%
259
4
135.0012.2%
244
0
140.0016.4%
66
0
145.0020.5%
198
0
150.0024.7%
30
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+$4.1MDelta change / 1% move
Positive peak125.00+$2.8M
Negative peak120.00-$886,862
Nearest balance121.20Interpolated sign change
StrikeNegativePositiveNet / 1% move
70.00-41.8%
-$301
75.00-37.7%
-$72
80.00-33.5%
-$8,680
85.00-29.4%
-$211
90.00-25.2%
-$2,782
95.00-21.0%
-$20,908
100.00-16.9%
-$10,854
105.00-12.7%
-$74,469
110.00-8.6%
-$592,059
115.00-4.4%
-$108,191
120.00-0.3%
-$886,862
125.003.9%
+$2.8M
130.008.0%
+$695,762
135.0012.2%
+$721,069
140.0016.4%
+$1.4M
145.0020.5%
+$120,249
150.0024.7%
+$34,176
155.0028.8%
+$5,972
160.0033.0%
+$18,471
165.0037.1%
+$5,138
170.0041.3%
+$73
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.
0.29
21 Aug
9d
0.27
18 Sep
37d
0.27
16 Oct
65d
0.28
18 Dec
128d
0.28
15 Jan
156d
Volatility by Strike
Downside protection premium
Out-of-the-money puts carry higher implied volatility than comparable calls, indicating richer downside protection.
100
105
110
115
120
125
130
135
140
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
High
Retained chain100%
Implied volatility100%
Two-sided quotes100%
Open interest100%
- Chain status
- Complete available chain
- Market date
- 12 Aug 2026
- Calculation
- v2.0
- Contracts
- 250 / 250
- 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
Put-heavy activity
Put-side activity dominates. This can reflect hedging or directional positioning, but the chain alone cannot distinguish buying from selling.
Put-side pressure is building while price is rising, a cautionary divergence.
Put-heavy activity matters because it connects the options headline to the actual evidence: $115,182 of estimated gross traded notional, puts · 8-21 days · atm, and a bearish flow against rising price backdrop. Use it as a research priority signal, then validate the chart, liquidity, event calendar, and risk before acting.
Options pressure-90
1W price+2.9%
Call premium3%
Put premium97%
Notional split
C 3% / P 97%
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
40/100
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 · 8-21 days · ATM
puts cluster with 901 contracts traded, $103,615 estimated gross traded notional, and 90% of visible notional.
$103,615
Puts · 46-90 days · ATM
puts cluster with 11 contracts traded, $4,840 estimated gross traded notional, and 4% of visible notional.
$4,840
Calls · 91+ days · OTM
calls cluster with 2 contracts traded, $1,320 estimated gross traded notional, and 1% of visible notional.
$1,320
Puts · 91+ days · OTM
puts cluster with 10 contracts traded, $1,200 estimated gross traded notional, and 1% of visible notional.
$1,200
Puts · 22-45 days · ATM
puts cluster with 3 contracts traded, $930 estimated gross traded notional, and 1% of visible notional.
$930
Setup Classification
Opportunity and risk frame
Underlying price is close to the max-pain zone.
Activity Anomaly
Normal range
Activity is broadly in line with recent stored snapshots.
Baseline: 11 completed sessions
Volume rank73th
Volume/OI rank36th
IV rank36th
Market Context
Underlying confirmation
Close120.32
1W+2.9%
RS-17.8
Fair value-2.1%
Options pressure-90
Speculation11
Volatility34
Trend fit40
Today Versus Normal
Stored-options context
30d avg 6.0% · 11 sessions
0th
90d avg - · 11/30 sessions
-
180d avg - · 11/60 sessions
-
30d avg 0.31 · 11 sessions
36th
90d avg - · 11/30 sessions
-
180d avg - · 11/60 sessions
-
30d avg 2.88 · 11 sessions
100th
90d avg - · 11/30 sessions
-
180d avg - · 11/60 sessions
-
30d avg 0.07 · 11 sessions
36th
90d avg - · 11/30 sessions
-
180d avg - · 11/60 sessions
-
Pressure Trail
Recent pressure and volatility
29 Jul 10:15
Bearish
Pressure -50
Move 7.4%
30 Jul 10:11
Bearish
Pressure -81
Move 6.2%
31 Jul 10:05
Bullish
Pressure 68
Move 5.4%
2 Aug 02:16
Bullish
Pressure 42
Move 5.6%
2 Aug 17:40
Bullish
Pressure 46
Move 5.6%
4 Aug 01:02
Mixed
Pressure 4
Move 6.2%
5 Aug 06:23
Bullish
Pressure 34
Move 7.3%
5 Aug 16:49
Mixed
Pressure 5
Move 7.1%
Strike Map
Where activity is clustering
Strike60.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike65.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike70.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike75.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike80.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike85.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike90.00
Calls · V 0 · OI 0
Puts · V 0 · OI 2
Strike95.00
Calls · V 0 · OI 0
Puts · V 0 · OI 7
Term Structure
Expiration activity
Expiry21 Aug 2026
Contracts44
Avg IV0.29
Put-call903.00
Expiry18 Sep 2026
Contracts46
Avg IV0.27
Put-call2.00
Expiry16 Oct 2026
Contracts50
Avg IV0.27
Put-call4.00
Expiry18 Dec 2026
Contracts58
Avg IV0.28
Put-call-
Expiry15 Jan 2027
Contracts52
Avg IV0.28
Put-call11.00
Skew
Call/put IV balance
21 Aug 2026Balanced skew
Call IV0.29
Put IV0.27
Skew-0.02
18 Sep 2026Balanced skew
Call IV0.26
Put IV0.29
Skew0.03
16 Oct 2026Balanced skew
Call IV0.28
Put IV0.27
Skew-0.01
18 Dec 2026Balanced skew
Call IV0.28
Put IV0.31
Skew0.03
15 Jan 2027Balanced skew
Call IV0.28
Put IV0.30
Skew0.02
Contract Tape
Most active contracts
ContractXYL260821P00120000
SidePut
Expiry21 Aug 2026
Strike120.00
Volume901
OI1889
IV0.27
ContractXYL261016P00120000
SidePut
Expiry16 Oct 2026
Strike120.00
Volume11
OI41
IV0.28
ContractXYL260918P00115000
SidePut
Expiry18 Sep 2026
Strike115.00
Volume5
OI133
IV0.29
ContractXYL270115P00095000
SidePut
Expiry15 Jan 2027
Strike95.00
Volume5
OI11
IV0.35
ContractXYL270115P00090000
SidePut
Expiry15 Jan 2027
Strike90.00
Volume5
OI4
IV0.36
ContractXYL260918P00120000
SidePut
Expiry18 Sep 2026
Strike120.00
Volume3
OI107
IV0.27
ContractXYL260918C00135000
SideCall
Expiry18 Sep 2026
Strike135.00
Volume2
OI41
IV0.28
ContractXYL260821C00125000
SideCall
Expiry21 Aug 2026
Strike125.00
Volume1
OI2949
IV0.29
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.