Primary read
Volatility
Volatility expansion watch
Ticker Options Intelligence
YSS options intelligence
York Space Systems Inc. options pressure, expected move, strike concentration, and Sharemaestro trend context.
Conviction
51
Market data through 31 Jul 2026
Checked 2 Aug 2026 11:25 · complete available chain
Volatility expansion watch
Volatility pressure
YSS currently carries volatility options pressure with a 51/100 conviction score. The nearest-chain expected move is 25.8%, with volume/open-interest participation at 0.02.
Expected move
25.8%
Wider near-term move priced
Activity / OI
0.02
Current volume is quieter versus prior open interest
Put-call
0.39
Call-side skew
Trend fit
58
Options are not fully confirming trend
Weekly backdrop
-13.7%
Sharemaestro weekly context
Expected move
25.8%
Put-call volume
0.39
Volume / OI
0.02
Reference IV
1.52
Max pain
30.00
Underlying
14.73
Nearest expiry
21 Aug 2026
Contracts
370
Research Brief
YSS has a volatility chain read with 51/100 evidence alignment.
The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 10.93–18.53; The largest call open-interest concentration is 40.00; the largest put concentration is 12.50. The most active strike by current volume is 17.50.
Priced range10.93–18.53
Call concentration40.00
Put concentration12.50
Max pain reference30.00
- 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.
- 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
Options imply 10.93 to 18.53. Max pain at 30.00 lies outside the priced range, so it is a weak near-term anchor.
Spot
Max pain
10.9314.73 ± 3.8018.53
Confirmation level
A close beyond 18.53 or below 10.93 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 51/100
Pressure is 42/100 toward calls; conviction uses its strength, while the signal label carries its direction.
Directional pressure42 × 42%
+17.6
How strongly activity leans toward calls or puts.
Participation41 × 22%
+8.9
Volume relative to existing open interest and contract-level activity.
Trend agreement58 × 26%
+15.1
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 40.00; the largest put concentration is 12.50. The most active strike by current volume is 17.50. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.
Put open interestStrikeCall open interest
0
2.50-83.0%
0
157
7.50-49.1%
0
326
10.00-32.1%
0
2747
12.50-15.1%
1
1589
15.001.8%
60
1955
17.5018.8%
329
1567
20.0035.8%
1634
213
22.5052.7%
584
1039
25.0069.7%
1090
1030
30.00103.7%
1111
915
35.00137.6%
1179
1783
40.00171.6%
1671
22
45.00205.5%
291
55
50.00239.4%
1163
0
55.00273.4%
221
0
60.00307.3%
13
1
65.00341.3%
240
Nearest spot strike Max pain strikeBars show relative OI within this expiry
Volatility Curve
Front-loaded volatility
Near-term options are materially richer than later expirations, consistent with concentrated event or immediate-risk pricing.
1.52
21 Aug
21d
1.05
18 Sep
49d
1.25
20 Nov
112d
1.14
18 Dec
140d
1.11
15 Jan
168d
1.18
19 Feb
203d
1.17
19 Mar
231d
1.21
16 Apr
259d
Volatility by Strike
Downside protection premium
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
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
Retained chain100%
Implied volatility100%
Two-sided quotes100%
Open interest100%
- Chain status
- Complete available chain
- Market date
- 31 Jul 2026
- Calculation
- v2.0
- Contracts
- 370 / 370
- 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: $220065 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+42
1W price-13.7%
Call premium35%
Put premium65%
Notional split
C 35% / P 65%
Estimated gross traded notional uses volume × contract multiplier × midpoint, or last price when no valid midpoint is available.
Freshness
0.02
Volume divided by open interest across the visible chain.
Trend fit
58/100
Agreement between options pressure and Sharemaestro market context.
Event window
13 Aug
Matched earnings event is 10 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 · 91+ days · ITM
puts cluster with 59 contracts traded, $107560 estimated gross traded notional, and 49% of visible notional.
$107560
Calls · 91+ days · ATM
calls cluster with 51 contracts traded, $19710 estimated gross traded notional, and 9% of visible notional.
$19710
Puts · 8-21 days · ITM
puts cluster with 43 contracts traded, $17160 estimated gross traded notional, and 8% of visible notional.
$17160
Calls · 91+ days · OTM
calls cluster with 133 contracts traded, $16498 estimated gross traded notional, and 7% of visible notional.
$16498
Calls · 8-21 days · OTM
calls cluster with 232 contracts traded, $15768 estimated gross traded notional, and 7% of visible notional.
$15768
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.
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
Close14.73
1W-13.7%
RS-
Fair value-44.0%
Options pressure42
Speculation41
Volatility96
Trend fit58
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 10:43
Volatility
Pressure -75
Move 27.1%
30 Jul 10:40
Volatility
Pressure -8
Move 27.4%
31 Jul 03:44
Volatility
Pressure -28
Move 26.2%
2 Aug 10:25
Volatility
Pressure 42
Move 25.8%
Strike Map
Where activity is clustering
Strike2.50
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike5.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike7.50
Calls · V 0 · OI 0
Puts · V 0 · OI 157
Strike10.00
Calls · V 0 · OI 0
Puts · V 11 · OI 326
Strike12.50
Calls · V 0 · OI 1
Puts · V 20 · OI 2747
Strike15.00
Calls · V 41 · OI 60
Puts · V 67 · OI 1589
Strike17.50
Calls · V 107 · OI 329
Puts · V 41 · OI 1955
Strike20.00
Calls · V 83 · OI 1634
Puts · V 2 · OI 1567
Term Structure
Expiration activity
Expiry21 Aug 2026
Contracts36
Avg IV1.52
Put-call0.52
Expiry18 Sep 2026
Contracts20
Avg IV1.05
Put-call0.12
Expiry20 Nov 2026
Contracts36
Avg IV1.25
Put-call0.04
Expiry18 Dec 2026
Contracts36
Avg IV1.14
Put-call-
Expiry15 Jan 2027
Contracts36
Avg IV1.11
Put-call0.02
Skew
Call/put IV balance
21 Aug 2026Balanced skew
Call IV1.38
Put IV1.43
Skew0.05
18 Sep 2026Call IV premium
Call IV1.22
Put IV0.99
Skew-0.23
20 Nov 2026Balanced skew
Call IV1.18
Put IV1.19
Skew0.01
18 Dec 2026Balanced skew
Call IV1.08
Put IV1.11
Skew0.03
15 Jan 2027Put IV premium
Call IV1.17
Put IV1.23
Skew0.07
Contract Tape
Most active contracts
ContractYSS260821C00017500
SideCall
Expiry21 Aug 2026
Strike17.50
Volume107
OI329
IV1.38
ContractYSS260918C00020000
SideCall
Expiry18 Sep 2026
Strike20.00
Volume93
OI95
IV1.16
ContractYSS260821C00020000
SideCall
Expiry21 Aug 2026
Strike20.00
Volume83
OI1634
IV1.38
ContractYSS260821P00015000
SidePut
Expiry21 Aug 2026
Strike15.00
Volume67
OI1589
IV1.35
ContractYSS270115C00015000
SideCall
Expiry15 Jan 2027
Strike15.00
Volume50
OI13
IV0.99
ContractYSS261120C00030000
SideCall
Expiry20 Nov 2026
Strike30.00
Volume42
OI1109
IV1.18
ContractYSS260821P00017500
SidePut
Expiry21 Aug 2026
Strike17.50
Volume41
OI1955
IV1.49
ContractYSS260821C00035000
SideCall
Expiry21 Aug 2026
Strike35.00
Volume41
OI1179
IV1.37
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.