Primary read
Bullish
Call-side pressure
Ticker Options Intelligence
FITB options intelligence
Fifth Third Bancorp options pressure, expected move, strike concentration, and Sharemaestro trend context.
Conviction
43
Market data through 30 Jul 2026
Checked 30 Jul 2026 23:39 · complete available chain
Call-side pressure
Bullish pressure
FITB currently carries bullish options pressure with a 43/100 conviction score. The nearest-chain expected move is 5.7%, with volume/open-interest participation at 0.10.
Expected move
5.7%
Near-term move context
Activity / OI
0.10
Current volume is quieter versus prior open interest
Put-call
0.71
Call-side skew
Trend fit
72
Options agree with trend context
Weekly backdrop
-1.0%
RS 11.2
Expected move
5.7%
Put-call volume
0.71
Volume / OI
0.10
Reference IV
0.38
Max pain
55.00
Underlying
57.41
Nearest expiry
21 Aug 2026
Contracts
241
Research Brief
FITB has a bullish chain read with 43/100 evidence alignment.
The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 54.11–60.71; The largest call open-interest concentration is 55.00; the largest put concentration is 48.00. The most active strike by current volume is 60.00.
Priced range54.11–60.71
Call concentration55.00
Put concentration48.00
Max pain reference55.00
- Price holds or improves while call-side concentration remains elevated.
- The current chain read already agrees with the stored weekly trend context.
- Price weakens while call pressure fades or reverses toward puts.
- 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 54.11 to 60.71. Max pain at 55.00 sits inside that range, 4.2% below spot.
Spot
Max pain
54.1157.41 ± 3.3060.71
Confirmation level
A close beyond 60.71 or below 54.11 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 43/100
Pressure is 24/100 toward calls; conviction uses its strength, while the signal label carries its direction.
Directional pressure24 × 42%
+10.0
How strongly activity leans toward calls or puts.
Participation42 × 22%
+9.3
Volume relative to existing open interest and contract-level activity.
Trend agreement72 × 26%
+18.6
How closely the chain read agrees with the underlying trend backdrop.
Volatility50 × 10%
+5.0
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 55.00; the largest put concentration is 48.00. The most active strike by current volume is 60.00. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.
Put open interestStrikeCall open interest
30
30.00-47.7%
0
13
35.00-39.0%
0
27
40.00-30.3%
1
37
41.00-28.6%
0
17
42.00-26.8%
2
111
43.00-25.1%
0
47
44.00-23.4%
0
109
45.00-21.6%
34
211
46.00-19.9%
127
36
47.00-18.1%
175
1857
48.00-16.4%
114
386
49.00-14.6%
46
225
50.00-12.9%
198
1693
55.00-4.2%
10486
461
60.004.5%
4710
0
65.0013.2%
691
0
70.0021.9%
26
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.
0.38
21 Aug
22d
0.33
18 Sep
50d
0.32
20 Nov
113d
0.35
18 Dec
141d
0.32
15 Jan
169d
0.36
19 Feb
204d
0.31
19 Mar
232d
0.36
17 Jun
322d
Volatility by Strike
Downside protection premium
Out-of-the-money puts carry higher implied volatility than comparable calls, indicating richer downside protection.
46
47
48
49
50
55
60
65
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
- 30 Jul 2026
- Calculation
- v2.0
- Contracts
- 241 / 241
- 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
Call-heavy activity with trend alignment
Call concentration and the underlying trend align, but aggregate volume cannot establish whether calls were bought or sold.
Options are leaning call-side while the stock is down on the week, a divergence that needs price confirmation.
Call-heavy activity with trend alignment matters because it connects the options headline to the actual evidence: $4.3M of estimated gross traded notional, calls · 91+ days · itm, 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+24
1W price-1.0%
Call premium89%
Put premium11%
Notional split
C 89% / P 11%
Estimated gross traded notional uses volume × contract multiplier × midpoint, or last price when no valid midpoint is available.
Freshness
0.10
Volume divided by open interest across the visible chain.
Trend fit
72/100
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.
Calls · 91+ days · ITM
calls cluster with 2520 contracts traded, $3.6M estimated gross traded notional, and 84% of visible notional.
$3.6M
Puts · 91+ days · ITM
puts cluster with 328 contracts traded, $199093 estimated gross traded notional, and 5% of visible notional.
$199093
Puts · 91+ days · OTM
puts cluster with 894 contracts traded, $170104 estimated gross traded notional, and 4% of visible notional.
$170104
Calls · 91+ days · OTM
calls cluster with 542 contracts traded, $102745 estimated gross traded notional, and 2% of visible notional.
$102745
Puts · 46-90 days · OTM
puts cluster with 1122 contracts traded, $98750 estimated gross traded notional, and 2% of visible notional.
$98750
Setup Classification
Opportunity and risk frame
Positioning agrees with the Sharemaestro trend backdrop.
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
Close57.41
1W-1.0%
RS11.2
Fair value+46.9%
Options pressure24
Speculation42
Volatility50
Trend fit72
Today Versus Normal
Stored-options context
30d avg - · 2/10 sessions
-
90d avg - · 2/30 sessions
-
180d avg - · 2/60 sessions
-
30d avg - · 2/10 sessions
-
90d avg - · 2/30 sessions
-
180d avg - · 2/60 sessions
-
30d avg - · 2/10 sessions
-
90d avg - · 2/30 sessions
-
180d avg - · 2/60 sessions
-
30d avg - · 2/10 sessions
-
90d avg - · 2/30 sessions
-
180d avg - · 2/60 sessions
-
Pressure Trail
Recent pressure and volatility
29 Jul 10:10
Bearish
Pressure -47
Move 7.2%
30 Jul 00:38
Bullish
Pressure 49
Move 6.1%
30 Jul 17:30
Bullish
Pressure 24
Move 5.7%
30 Jul 18:06
Bullish
Pressure 24
Move 5.7%
30 Jul 18:47
Bullish
Pressure 24
Move 5.7%
30 Jul 22:39
Bullish
Pressure 24
Move 5.7%
Strike Map
Where activity is clustering
Strike25.00
Calls · V 0 · OI 0
Puts · V 1 · OI 2
Strike30.00
Calls · V 2 · OI 0
Puts · V 1 · OI 30
Strike35.00
Calls · V 0 · OI 0
Puts · V 1 · OI 13
Strike40.00
Calls · V 1 · OI 1
Puts · V 1 · OI 27
Strike41.00
Calls · V 0 · OI 0
Puts · V 13 · OI 37
Strike42.00
Calls · V 4 · OI 2
Puts · V 1 · OI 17
Strike43.00
Calls · V 1 · OI 0
Puts · V 15 · OI 111
Strike44.00
Calls · V 4 · OI 0
Puts · V 1 · OI 47
Term Structure
Expiration activity
Expiry21 Aug 2026
Contracts34
Avg IV0.38
Put-call0.81
Expiry18 Sep 2026
Contracts29
Avg IV0.33
Put-call3.95
Expiry20 Nov 2026
Contracts32
Avg IV0.32
Put-call2.66
Expiry18 Dec 2026
Contracts38
Avg IV0.35
Put-call0.10
Expiry15 Jan 2027
Contracts34
Avg IV0.32
Put-call0.91
Skew
Call/put IV balance
21 Aug 2026Balanced skew
Call IV0.31
Put IV0.29
Skew-0.02
18 Sep 2026Balanced skew
Call IV0.27
Put IV0.27
Skew-0.01
20 Nov 2026Balanced skew
Call IV0.31
Put IV0.29
Skew-0.03
18 Dec 2026Call IV premium
Call IV0.32
Put IV0.02
Skew-0.30
15 Jan 2027Balanced skew
Call IV0.30
Put IV0.29
Skew-0.01
Contract Tape
Most active contracts
ContractFITB260918C00035000
SideCall
Expiry18 Sep 2026
Strike35.00
Volume-
OI100
IV0.00
ContractFITB261218C00038000
SideCall
Expiry18 Dec 2026
Strike38.00
Volume-
OI100
IV0.51
ContractFITB261218C00033000
SideCall
Expiry18 Dec 2026
Strike33.00
Volume-
OI91
IV0.00
ContractFITB261218C00035000
SideCall
Expiry18 Dec 2026
Strike35.00
Volume-
OI40
IV0.00
ContractFITB270319C00080000
SideCall
Expiry19 Mar 2027
Strike80.00
Volume-
OI30
IV0.33
ContractFITB270319P00070000
SidePut
Expiry19 Mar 2027
Strike70.00
Volume-
OI27
IV0.52
ContractFITB270219C00075000
SideCall
Expiry19 Feb 2027
Strike75.00
Volume-
OI20
IV0.31
ContractFITB261218P00030000
SidePut
Expiry18 Dec 2026
Strike30.00
Volume-
OI11
IV0.66
Research Graph
Related research and context
Sharemaestro research
Related News
Market Watch
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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.