Ticker Options Intelligence

UPWK options intelligence

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

Conviction 37 Market data through 29 Jul 2026 Checked 30 Jul 2026 02:55 · complete available chain

Options-market disagreement

Mixed pressure

UPWK currently carries mixed options pressure with a 37/100 conviction score. The nearest-chain expected move is 21.5%, 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 Mixed

Options-market disagreement

Expected move 21.5%

Wider near-term move priced

Activity / OI 0.05

Current volume is quieter versus prior open interest

Put-call 1.28

Put-side skew

Trend fit 70

Options agree with trend context

Weekly backdrop -2.5%

RS -44.4

Expected move 21.5%
Put-call volume 1.28
Volume / OI 0.05
Reference IV 0.86
Max pain 10.00
Underlying 8.83
Nearest expiry 21 Aug 2026
Contracts 94

Options Intent Radar

Earnings/event positioning

81/100
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: $156405 of estimated gross traded notional, puts · 22-45 days · itm, 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-2.5%
Call premium46%
Put premium54%
Notional split C 46% / P 54% 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 70/100 Agreement between options pressure and Sharemaestro market context.
Event window 5 Aug Matched earnings event is 6 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 Puts · 22-45 days · ITM
Puts · 22-45 days · ITM puts cluster with 609 contracts traded, $71558 estimated gross traded notional, and 46% of visible notional.
$71558
Calls · 91+ days · ITM calls cluster with 57 contracts traded, $37045 estimated gross traded notional, and 24% of visible notional.
$37045
Calls · 22-45 days · OTM calls cluster with 435 contracts traded, $18742 estimated gross traded notional, and 12% of visible notional.
$18742
Calls · 91+ days · OTM calls cluster with 298 contracts traded, $14522 estimated gross traded notional, and 9% of visible notional.
$14522
Puts · 22-45 days · OTM puts cluster with 403 contracts traded, $7985 estimated gross traded notional, and 5% of visible notional.
$7985

Setup Classification

Opportunity and risk frame

Context, not advice
Positive Options-confirmed trend

Positioning agrees with the Sharemaestro trend backdrop.

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

Normal range

33

Activity is broadly in line with recent stored snapshots.

Volume rank0th
Volume/OI rank0th
IV rank100th

Market Context

Underlying confirmation

Sharemaestro weekly
Close8.83
1W-2.5%
RS-44.4
Fair value-35.1%
Options pressure-12
Speculation17
Volatility96
Trend fit70

Today Versus Normal

Stored-options context

View history
Expected move 21.5% elevated
30d avg 21.2% · 1 read 100th
90d avg 21.2% · 1 read 100th
180d avg 21.2% · 1 read 100th
IV 0.86 elevated
30d avg 0.83 · 1 read 100th
90d avg 0.83 · 1 read 100th
180d avg 0.83 · 1 read 100th
Put-call 1.28 elevated
30d avg 0.15 · 1 read 100th
90d avg 0.15 · 1 read 100th
180d avg 0.15 · 1 read 100th
Volume/OI 0.05 muted
30d avg 0.11 · 1 read 0th
90d avg 0.11 · 1 read 0th
180d avg 0.11 · 1 read 0th

Pressure Trail

Recent pressure and volatility

Open trail
29 Jul 11:12 Volatility
Pressure 73
Move 21.2%
30 Jul 01:55 Mixed
Pressure -12
Move 21.5%

Strike Map

Where activity is clustering

Full strike map
Strike2.50
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike5.00
Calls · V 0 · OI 0
Puts · V 5 · OI 121
Strike7.50
Calls · V 0 · OI 38
Puts · V 398 · OI 1418
Strike10.00
Calls · V 223 · OI 3757
Puts · V 609 · OI 1591
Strike12.50
Calls · V 202 · OI 497
Puts · V 0 · OI 4
Strike15.00
Calls · V 10 · OI 22
Puts · V 0 · OI 0

Term Structure

Expiration activity

Volume and IV
Expiry21 Aug 2026
Contracts12
Avg IV0.86
Put-call2.33
Expiry18 Sep 2026
Contracts14
Avg IV0.70
Put-call5.00
Expiry16 Oct 2026
Contracts20
Avg IV0.69
Put-call0.05
Expiry15 Jan 2027
Contracts24
Avg IV0.75
Put-call0.05
Expiry21 Jan 2028
Contracts24
Avg IV0.71
Put-call0.10

Skew

Call/put IV balance

OTM demand
21 Aug 2026Put IV premium
Call IV0.86
Put IV1.02
Skew0.16
18 Sep 2026Put IV premium
Call IV0.76
Put IV0.84
Skew0.09
16 Oct 2026Put IV premium
Call IV0.69
Put IV0.76
Skew0.07
15 Jan 2027Put IV premium
Call IV0.68
Put IV0.75
Skew0.07
21 Jan 2028Call IV premium
Call IV0.78
Put IV0.59
Skew-0.19

Contract Tape

Most active contracts

Full contract tape
ContractUPWK260821P00010000
SidePut
Expiry21 Aug 2026
Strike10.00
Volume609
OI1591
IV0.96
ContractUPWK260821P00007500
SidePut
Expiry21 Aug 2026
Strike7.50
Volume398
OI1418
IV1.02
ContractUPWK270115C00017500
SideCall
Expiry15 Jan 2027
Strike17.50
Volume250
OI1014
IV0.69
ContractUPWK260821C00010000
SideCall
Expiry21 Aug 2026
Strike10.00
Volume223
OI3757
IV0.96
ContractUPWK260821C00012500
SideCall
Expiry21 Aug 2026
Strike12.50
Volume202
OI497
IV0.86
ContractUPWK280121C00002500
SideCall
Expiry21 Jan 2028
Strike2.50
Volume50
OI25
IV0.01
ContractUPWK261016C00010000
SideCall
Expiry16 Oct 2026
Strike10.00
Volume21
OI2594
IV0.70
ContractUPWK270115C00015000
SideCall
Expiry15 Jan 2027
Strike15.00
Volume16
OI1547
IV0.68