Ticker Options Intelligence

WGO options intelligence

Winnebago Industries Inc options pressure, expected move, strike concentration, and Sharemaestro trend context.

Conviction 46 Market data through 31 Jul 2026 Checked 1 Aug 2026 12:41 · complete available chain

Call-side pressure

Bullish pressure

WGO currently carries bullish options pressure with a 46/100 conviction score. The nearest-chain expected move is 8.4%, with volume/open-interest participation at 0.02.

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

Call-side pressure

Expected move 8.4%

Wider near-term move priced

Activity / OI 0.02

Current volume is quieter versus prior open interest

Put-call 0.11

Call-side skew

Trend fit 0

Options are not fully confirming trend

Weekly backdrop -1.6%

RS -20.0

Expected move 8.4%
Put-call volume 0.11
Volume / OI 0.02
Reference IV 0.49
Max pain 30.00
Underlying 30.77
Nearest expiry 21 Aug 2026
Contracts 154

Research Brief

WGO has a bullish chain read with 46/100 evidence alignment.

The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 28.19–33.35; The largest call open-interest concentration is 35.00; the largest put concentration is 30.00. The most active strike by current volume is 25.00.

Priced range28.19–33.35
Call concentration35.00
Put concentration30.00
Max pain reference30.00
What would confirm it
  • Price holds or improves while call-side concentration remains elevated.
What would weaken it
  • Price weakens while call pressure fades or reverses toward puts.
  • Options and the weekly trend are not yet giving the same message.

Priced Move

Where the chain says movement becomes exceptional

Size, not direction · through 21 Aug

Options imply 28.19 to 33.35. Max pain at 30.00 sits inside that range, 2.5% below spot.

Spot Max pain
28.1930.77 ± 2.5833.35
Confirmation level

A close beyond 33.35 or below 28.19 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 46/100

Evidence alignment, not probability

Pressure is 86/100 toward calls; conviction uses its strength, while the signal label carries its direction.

Directional pressure86 × 42%
+36.1

How strongly activity leans toward calls or puts.

Participation16 × 22%
+3.6

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.

Volatility68 × 10%
+6.8

The intensity of implied volatility and the priced move.

Reconstructed score46.5Matches 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 25.00. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.

Put open interestStrikeCall open interest
3
15.00-51.3%
0
1
17.50-43.1%
0
9
20.00-35.0%
0
7
22.50-26.9%
4
26
25.00-18.8%
10
179
27.50-10.6%
17
267
30.00-2.5%
433
17
32.505.6%
1348
2
35.0013.7%
1485
0
37.5021.9%
31
0
40.0030.0%
9
0
42.5038.1%
1
Nearest spot strike Max pain strikeBars show relative OI within this expiry

Volatility Curve

Balanced volatility curve

0.95× front/back

Near- and longer-dated implied volatility are broadly aligned; no exceptional front-expiry premium is visible.

0.49 21 Aug 21d
0.47 18 Sep 49d
0.49 16 Oct 77d
0.50 18 Dec 140d
0.52 15 Jan 168d

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.

25
28
30
33
35
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

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
154 / 154
  • 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

Multi-expiry position-maintenance candidate

66/100
Primary intent Multi-expiry position-maintenance candidate

Activity is spread across expirations with heavier open interest than current volume, which can be consistent with position maintenance.

Flow vs price divergence Bullish flow against weak price

Options are leaning call-side while the stock is down on the week, a divergence that needs price confirmation.

Why this matters

Multi-expiry position-maintenance candidate matters because it connects the options headline to the actual evidence: $34062 of estimated gross traded notional, calls · 91+ days · otm, 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+86
1W price-1.6%
Call premium97%
Put premium3%
Notional split C 97% / P 3% 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 0/100 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. Roll detection is conservative because opening and closing legs are not directly observable in this snapshot.
Conviction clusters Calls · 91+ days · OTM
Calls · 91+ days · OTM calls cluster with 150 contracts traded, $30750 estimated gross traded notional, and 90% of visible notional.
$30750
Calls · 46-90 days · ITM calls cluster with 4 contracts traded, $1395 estimated gross traded notional, and 4% of visible notional.
$1395
Calls · 8-21 days · ITM calls cluster with 6 contracts traded, $900 estimated gross traded notional, and 3% of visible notional.
$900
Puts · 46-90 days · OTM puts cluster with 7 contracts traded, $780 estimated gross traded notional, and 2% of visible notional.
$780
Puts · 8-21 days · OTM puts cluster with 11 contracts traded, $168 estimated gross traded notional, and 0% of visible notional.
$168

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
Close30.28
1W-1.6%
RS-20.0
Fair value-32.8%
Options pressure86
Speculation16
Volatility68
Trend fit0

Today Versus Normal

Stored-options context

View history
Expected move 8.4% history building
30d avg - · 3/10 sessions -
90d avg - · 3/30 sessions -
180d avg - · 3/60 sessions -
IV 0.49 history building
30d avg - · 3/10 sessions -
90d avg - · 3/30 sessions -
180d avg - · 3/60 sessions -
Put-call 0.11 history building
30d avg - · 3/10 sessions -
90d avg - · 3/30 sessions -
180d avg - · 3/60 sessions -
Volume/OI 0.02 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 11:17 Bullish
Pressure 19
Move 12.3%
30 Jul 11:02 Bullish
Pressure 43
Move 11.5%
30 Jul 16:22 Bullish
Pressure 52
Move 10.0%
30 Jul 23:25 Bullish
Pressure 60
Move 9.7%
31 Jul 00:12 Bullish
Pressure 60
Move 9.7%
31 Jul 12:27 Volatility
Pressure 82
Move 9.7%
31 Jul 18:52 Bullish
Pressure 48
Move 8.8%
1 Aug 11:41 Bullish
Pressure 86
Move 8.4%

Strike Map

Where activity is clustering

Full strike map
Strike15.00
Calls · V 0 · OI 0
Puts · V 0 · OI 3
Strike17.50
Calls · V 0 · OI 0
Puts · V 0 · OI 1
Strike20.00
Calls · V 0 · OI 0
Puts · V 0 · OI 9
Strike22.50
Calls · V 0 · OI 4
Puts · V 0 · OI 7
Strike25.00
Calls · V 0 · OI 10
Puts · V 10 · OI 26
Strike27.50
Calls · V 0 · OI 17
Puts · V 1 · OI 179
Strike30.00
Calls · V 6 · OI 433
Puts · V 0 · OI 267
Strike32.50
Calls · V 1 · OI 1348
Puts · V 0 · OI 17

Term Structure

Expiration activity

Volume and IV
Expiry21 Aug 2026
Contracts24
Avg IV0.49
Put-call1.38
Expiry18 Sep 2026
Contracts24
Avg IV0.47
Put-call-
Expiry16 Oct 2026
Contracts38
Avg IV0.49
Put-call0.25
Expiry18 Dec 2026
Contracts42
Avg IV0.50
Put-call-
Expiry15 Jan 2027
Contracts26
Avg IV0.52
Put-call-

Skew

Call/put IV balance

OTM demand
21 Aug 2026Put IV premium
Call IV0.42
Put IV0.51
Skew0.09
18 Sep 2026Put IV premium
Call IV0.39
Put IV0.47
Skew0.09
16 Oct 2026Put IV premium
Call IV0.43
Put IV0.63
Skew0.20
18 Dec 2026Put IV premium
Call IV0.48
Put IV0.57
Skew0.09
15 Jan 2027Put IV premium
Call IV0.48
Put IV0.57
Skew0.09

Contract Tape

Most active contracts

Full contract tape
ContractWGO270115C00037500
SideCall
Expiry15 Jan 2027
Strike37.50
Volume150
OI240
IV0.51
ContractWGO260821P00025000
SidePut
Expiry21 Aug 2026
Strike25.00
Volume10
OI26
IV0.56
ContractWGO260821C00030000
SideCall
Expiry21 Aug 2026
Strike30.00
Volume6
OI433
IV0.46
ContractWGO260918P00027500
SidePut
Expiry18 Sep 2026
Strike27.50
Volume6
OI3
IV0.47
ContractWGO261016C00030000
SideCall
Expiry16 Oct 2026
Strike30.00
Volume3
OI21
IV0.44
ContractWGO260821C00035000
SideCall
Expiry21 Aug 2026
Strike35.00
Volume1
OI1485
IV0.50
ContractWGO260821C00032500
SideCall
Expiry21 Aug 2026
Strike32.50
Volume1
OI1348
IV0.42
ContractWGO260821P00027500
SidePut
Expiry21 Aug 2026
Strike27.50
Volume1
OI179
IV0.51