Ticker Options Intelligence

NTAP options intelligence

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

Conviction 56 Market data through 29 Jul 2026 Checked 30 Jul 2026 06:40 · complete available chain

Volatility expansion watch

Volatility pressure

NTAP currently carries volatility options pressure with a 56/100 conviction score. The nearest-chain expected move is 11.2%, with volume/open-interest participation at 0.05.

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

Volatility expansion watch

Expected move 11.2%

Wider near-term move priced

Activity / OI 0.05

Current volume is quieter versus prior open interest

Put-call 0.18

Call-side skew

Trend fit 30

Options are not fully confirming trend

Weekly backdrop +2.4%

RS 30.8

Expected move 11.2%
Put-call volume 0.18
Volume / OI 0.05
Reference IV 0.54
Max pain 165.00
Underlying 167.74
Nearest expiry 21 Aug 2026
Contracts 586

Options Intent Radar

Volatility expansion bet

92/100
Primary intent Volatility expansion bet

The strongest message is movement risk: expected move and implied volatility are carrying more signal than direction.

Flow vs price divergence Volatility flow versus price

Options are pricing movement more than direction; compare expected move with the stock's actual weekly change.

Why this matters

Volatility expansion bet matters because it connects the options headline to the actual evidence: $1.2M of estimated gross traded notional, calls · 22-45 days · otm, 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+74
1W price+2.4%
Call premium91%
Put premium9%
Notional split C 91% / P 9% Estimated gross traded notional uses volume × contract multiplier × midpoint, or last price when no valid midpoint is available.
Freshness 0.05 Volume divided by open interest across the visible chain.
Trend fit 30/100 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.
Conviction clusters Calls · 22-45 days · OTM
Calls · 22-45 days · OTM calls cluster with 1356 contracts traded, $503288 estimated gross traded notional, and 43% of visible notional.
$503288
Calls · 91+ days · OTM calls cluster with 68 contracts traded, $155910 estimated gross traded notional, and 13% of visible notional.
$155910
Calls · 22-45 days · ATM calls cluster with 73 contracts traded, $87425 estimated gross traded notional, and 8% of visible notional.
$87425
Calls · 91+ days · ITM calls cluster with 13 contracts traded, $81400 estimated gross traded notional, and 7% of visible notional.
$81400
Calls · 46-90 days · ATM calls cluster with 38 contracts traded, $74700 estimated gross traded notional, and 6% of visible notional.
$74700

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.

Warning Crowded strike risk

Underlying price is close to the max-pain zone.

Activity Anomaly

Quiet tape

0

Activity is muted versus this ticker's stored history.

Volume rank0th
Volume/OI rank0th
IV rank0th

Market Context

Underlying confirmation

Sharemaestro weekly
Close167.74
1W+2.4%
RS30.8
Fair value+58.4%
Options pressure74
Speculation41
Volatility77
Trend fit30

Today Versus Normal

Stored-options context

View history
Expected move 11.2% muted
30d avg 11.8% · 1 read 0th
90d avg 11.8% · 1 read 0th
180d avg 11.8% · 1 read 0th
IV 0.54 muted
30d avg 0.54 · 1 read 0th
90d avg 0.54 · 1 read 0th
180d avg 0.54 · 1 read 0th
Put-call 0.18 elevated
30d avg 0.17 · 1 read 100th
90d avg 0.17 · 1 read 100th
180d avg 0.17 · 1 read 100th
Volume/OI 0.05 muted
30d avg 0.05 · 1 read 0th
90d avg 0.05 · 1 read 0th
180d avg 0.05 · 1 read 0th

Pressure Trail

Recent pressure and volatility

Open trail
29 Jul 10:12 Volatility
Pressure 74
Move 11.8%
30 Jul 05:40 Volatility
Pressure 74
Move 11.2%

Strike Map

Where activity is clustering

Full strike map
Strike60.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike65.00
Calls · V 0 · OI 7
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 0
Strike95.00
Calls · V 0 · OI 0
Puts · V 0 · OI 8

Term Structure

Expiration activity

Volume and IV
Expiry21 Aug 2026
Contracts74
Avg IV0.54
Put-call0.18
Expiry18 Sep 2026
Contracts78
Avg IV0.60
Put-call0.09
Expiry16 Oct 2026
Contracts58
Avg IV0.58
Put-call0.05
Expiry18 Dec 2026
Contracts78
Avg IV0.56
Put-call0.33
Expiry15 Jan 2027
Contracts82
Avg IV0.55
Put-call0.18

Skew

Call/put IV balance

OTM demand
21 Aug 2026Balanced skew
Call IV0.50
Put IV0.54
Skew0.04
18 Sep 2026Balanced skew
Call IV0.59
Put IV0.63
Skew0.04
16 Oct 2026Balanced skew
Call IV0.57
Put IV0.56
Skew-0.01
18 Dec 2026Balanced skew
Call IV0.57
Put IV0.57
Skew-
15 Jan 2027Balanced skew
Call IV0.55
Put IV0.56
Skew0.01

Contract Tape

Most active contracts

Full contract tape
ContractNTAP260821C00190000
SideCall
Expiry21 Aug 2026
Strike190.00
Volume1011
OI1929
IV0.50
ContractNTAP260821P00140000
SidePut
Expiry21 Aug 2026
Strike140.00
Volume184
OI382
IV0.65
ContractNTAP260821C00180000
SideCall
Expiry21 Aug 2026
Strike180.00
Volume123
OI818
IV0.53
ContractNTAP260821C00175000
SideCall
Expiry21 Aug 2026
Strike175.00
Volume98
OI969
IV0.54
ContractNTAP260821C00230000
SideCall
Expiry21 Aug 2026
Strike230.00
Volume68
OI211
IV0.64
ContractNTAP260821C00170000
SideCall
Expiry21 Aug 2026
Strike170.00
Volume57
OI309
IV0.55
ContractNTAP270115C00180000
SideCall
Expiry15 Jan 2027
Strike180.00
Volume52
OI441
IV0.55
ContractNTAP260821P00170000
SidePut
Expiry21 Aug 2026
Strike170.00
Volume38
OI91
IV0.53

Research Graph

Related research and context

Ticker deep links