Ticker Options Intelligence

U options intelligence

Unity Software Inc options pressure, expected move, strike concentration, and Sharemaestro trend context.

Conviction 36 Market data through 31 Jul 2026 Checked 2 Aug 2026 03:18 · complete available chain

Options-market disagreement

Mixed pressure

U currently carries mixed options pressure with a 36/100 conviction score. The nearest-chain expected move is 13.7%, with volume/open-interest participation at 0.03.

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

Options-market disagreement

Expected move 13.7%

Wider near-term move priced

Activity / OI 0.03

Current volume is quieter versus prior open interest

Put-call 0.85

Balanced tape

Trend fit 48

Options are not fully confirming trend

Weekly backdrop +10.8%

RS -11.7

Expected move 13.7%
Put-call volume 0.85
Volume / OI 0.03
Reference IV 1.25
Max pain 30.00
Underlying 31.71
Nearest expiry 7 Aug 2026
Contracts 818

Research Brief

U has a mixed chain read with 36/100 evidence alignment.

The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 27.35–36.07; The largest call open-interest concentration is 35.00; the largest put concentration is 30.00. The most active strike by current volume is 33.00.

Priced range27.35–36.07
Call concentration35.00
Put concentration30.00
Max pain reference30.00
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 7 Aug

Options imply 27.35 to 36.07. Max pain at 30.00 sits inside that range, 5.4% below spot.

Spot Max pain
27.3531.71 ± 4.3636.07
Confirmation level

A close beyond 36.07 or below 27.35 at the 7 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 36/100

Evidence alignment, not probability

Pressure is 12/100 toward calls; conviction uses its strength, while the signal label carries its direction.

Directional pressure12 × 42%
+5.1

How strongly activity leans toward calls or puts.

Participation41 × 22%
+8.9

Volume relative to existing open interest and contract-level activity.

Trend agreement48 × 26%
+12.6

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 score36.2Matches stored calculation

Positioning by Strike

Where open interest and current activity concentrate

Full strike map

The largest call open-interest concentration is 35.00; the largest put concentration is 30.00. The most active strike by current volume is 33.00. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.

Put open interestStrikeCall open interest
99
25.00-21.2%
10
33
26.00-18.0%
326
431
26.50-16.4%
3
684
27.50-13.3%
7
678
28.00-11.7%
217
160
28.50-10.1%
213
249
29.50-7.0%
112
7771
30.00-5.4%
484
33
32.000.9%
313
1014
32.502.5%
127
390
33.004.1%
406
1
33.505.6%
547
3
34.007.2%
1417
0
35.0010.4%
8253
0
36.0013.5%
435
0
37.0016.7%
854
0
40.0026.1%
1165
Nearest spot strike Max pain strikeBars show relative OI within this expiry

Volatility Curve

Front-loaded volatility

1.67× front/back

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

1.25 7 Aug 7d
1.02 14 Aug 14d
0.91 21 Aug 21d
0.86 28 Aug 28d
0.84 4 Sep 35d
0.79 11 Sep 42d
0.77 18 Sep 49d
0.74 20 Nov 112d

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.

26
26
27
28
28
29
30
30
31
31
32
33
33
34
35
35
36
36
37
38
38
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 31 Jul 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

A100/100
Retained chain100%
Implied volatility100%
Two-sided quotes100%
Open interest100%
Chain status
Complete available chain
Market date
31 Jul 2026
Calculation
v2.0
Contracts
818 / 818
  • 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

90/100
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 No clean flow/price divergence

The options read is mixed, so divergence is not strong enough to classify.

Why this matters

Earnings/event positioning matters because it connects the options headline to the actual evidence: $2.5M of estimated gross traded notional, calls · 91+ days · otm, and a no clean flow/price divergence backdrop. Use it as a research priority signal, then validate the chart, liquidity, event calendar, and risk before acting.

Options pressure+12
1W price+10.8%
Call premium68%
Put premium32%
Notional split C 68% / P 32% Estimated gross traded notional uses volume × contract multiplier × midpoint, or last price when no valid midpoint is available.
Freshness 0.03 Volume divided by open interest across the visible chain.
Trend fit 48/100 Agreement between options pressure and Sharemaestro market context.
Event window 5 Aug Matched earnings event is 3 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 1984 contracts traded, $813030 estimated gross traded notional, and 32% of visible notional.
$813030
Puts · 0-7 days · ITM puts cluster with 1511 contracts traded, $436019 estimated gross traded notional, and 17% of visible notional.
$436019
Calls · 0-7 days · OTM calls cluster with 1990 contracts traded, $245274 estimated gross traded notional, and 10% of visible notional.
$245274
Calls · 91+ days · ITM calls cluster with 125 contracts traded, $117040 estimated gross traded notional, and 5% of visible notional.
$117040
Puts · 0-7 days · OTM puts cluster with 2003 contracts traded, $106461 estimated gross traded notional, and 4% of visible notional.
$106461

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.

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
Close31.71
1W+10.8%
RS-11.7
Fair value+14.4%
Options pressure12
Speculation41
Volatility96
Trend fit48

Today Versus Normal

Stored-options context

View history
Expected move 13.7% history building
30d avg - · 3/10 sessions -
90d avg - · 3/30 sessions -
180d avg - · 3/60 sessions -
IV 1.25 history building
30d avg - · 3/10 sessions -
90d avg - · 3/30 sessions -
180d avg - · 3/60 sessions -
Put-call 0.85 history building
30d avg - · 3/10 sessions -
90d avg - · 3/30 sessions -
180d avg - · 3/60 sessions -
Volume/OI 0.03 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 10:24 Bullish
Pressure 27
Move 11.6%
30 Jul 10:20 Mixed
Pressure -3
Move 14.4%
31 Jul 10:10 Bullish
Pressure 21
Move 17.7%
2 Aug 02:18 Mixed
Pressure 12
Move 13.7%

Strike Map

Where activity is clustering

Full strike map
Strike18.00
Calls · V 0 · OI 51
Puts · V 0 · OI 1
Strike19.00
Calls · V 0 · OI 32
Puts · V 0 · OI 1
Strike20.00
Calls · V 12 · OI 20
Puts · V 0 · OI 23
Strike21.00
Calls · V 0 · OI 2
Puts · V 0 · OI 3
Strike21.50
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike22.00
Calls · V 0 · OI 0
Puts · V 0 · OI 13
Strike22.50
Calls · V 0 · OI 0
Puts · V 3 · OI 14
Strike23.00
Calls · V 5 · OI 0
Puts · V 32 · OI 142

Term Structure

Expiration activity

Volume and IV
Expiry7 Aug 2026
Contracts92
Avg IV1.25
Put-call1.46
Expiry14 Aug 2026
Contracts90
Avg IV1.02
Put-call0.65
Expiry21 Aug 2026
Contracts122
Avg IV0.91
Put-call0.99
Expiry28 Aug 2026
Contracts46
Avg IV0.86
Put-call2.48
Expiry4 Sep 2026
Contracts46
Avg IV0.84
Put-call1.34

Skew

Call/put IV balance

OTM demand
7 Aug 2026Balanced skew
Call IV1.24
Put IV1.24
Skew-
14 Aug 2026Put IV premium
Call IV0.94
Put IV1.04
Skew0.10
21 Aug 2026Balanced skew
Call IV0.88
Put IV0.92
Skew0.04
28 Aug 2026Balanced skew
Call IV0.84
Put IV0.85
Skew0.01
4 Sep 2026Balanced skew
Call IV0.81
Put IV0.84
Skew0.03

Contract Tape

Most active contracts

Full contract tape
ContractU260807P00033000
SidePut
Expiry7 Aug 2026
Strike33.00
Volume1509
OI390
IV1.22
ContractU260807C00033000
SideCall
Expiry7 Aug 2026
Strike33.00
Volume1219
OI406
IV1.21
ContractU260807P00027500
SidePut
Expiry7 Aug 2026
Strike27.50
Volume687
OI684
IV1.24
ContractU270115C00040000
SideCall
Expiry15 Jan 2027
Strike40.00
Volume504
OI17658
IV0.71
ContractU260821P00027000
SidePut
Expiry21 Aug 2026
Strike27.00
Volume488
OI3723
IV0.93
ContractU260821C00050000
SideCall
Expiry21 Aug 2026
Strike50.00
Volume433
OI955
IV0.73
ContractU260821P00020000
SidePut
Expiry21 Aug 2026
Strike20.00
Volume409
OI8711
IV1.05
ContractU260807P00025000
SidePut
Expiry7 Aug 2026
Strike25.00
Volume333
OI99
IV1.33