Primary read
Volatility
Volatility expansion watch
Ticker Options Intelligence
OPEN options intelligence
Opendoor Technologies Inc options pressure, expected move, strike concentration, and Sharemaestro trend context.
Conviction
50
Market data through 30 Jul 2026
Checked 31 Jul 2026 12:49 · complete available chain
Volatility expansion watch
Volatility pressure
OPEN currently carries volatility options pressure with a 50/100 conviction score. The nearest-chain expected move is 5.1%, with volume/open-interest participation at 0.07.
Expected move
5.1%
Near-term move context
Activity / OI
0.07
Current volume is quieter versus prior open interest
Put-call
0.17
Call-side skew
Trend fit
0
Options are not fully confirming trend
Weekly backdrop
-1.7%
RS -39.4
Expected move
5.1%
Put-call volume
0.17
Volume / OI
0.07
Reference IV
1.05
Max pain
4.00
Underlying
3.84
Nearest expiry
31 Jul 2026
Contracts
442
Research Brief
OPEN has a volatility chain read with 50/100 evidence alignment.
The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 3.64–4.03; The largest call open-interest concentration is 4.00; the largest put concentration is 3.50. The most active strike by current volume is 4.00.
Priced range3.64–4.03
Call concentration4.00
Put concentration3.50
Max pain reference4.00
- A clear directional pressure reading develops and price begins to agree.
- 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
Options imply 3.64 to 4.03. Max pain at 4.00 sits inside that range, 4.3% above spot.
Spot
Max pain
3.643.84 ± 0.194.03
Confirmation level
A close beyond 4.03 or below 3.64 at the 31 Jul 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 50/100
Pressure is 80/100 toward calls; conviction uses its strength, while the signal label carries its direction.
Directional pressure80 × 42%
+33.7
How strongly activity leans toward calls or puts.
Participation42 × 22%
+9.1
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.
Volatility76 × 10%
+7.6
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 4.00; the largest put concentration is 3.50. The most active strike by current volume is 4.00. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.
Put open interestStrikeCall open interest
3
0.50-87.0%
84
0
1.00-73.9%
107
24
2.00-47.8%
61
83
2.50-34.8%
60
566
3.00-21.8%
66
5655
3.50-8.7%
557
4083
4.004.3%
17895
2680
4.5017.3%
17524
34
5.0030.4%
7361
2
5.5043.4%
10299
3
6.0056.5%
9099
41
6.5069.5%
2727
6
7.0082.5%
3734
5
7.5095.6%
962
4
8.00108.6%
383
0
8.50121.6%
310
16
9.00134.7%
112
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.
1.05
31 Jul
1d
1.33
7 Aug
8d
1.01
14 Aug
15d
1.02
21 Aug
22d
0.90
28 Aug
29d
0.92
4 Sep
36d
1.66
11 Sep
43d
1.01
18 Sep
50d
Volatility by Strike
Upside optionality premium
Out-of-the-money calls carry higher implied volatility than comparable puts, indicating richer upside optionality.
4
4
5
Put IV Call IV
Historical Replay
How matured reads behaved through expiry
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
Usable with limits
Retained chain100%
Implied volatility100%
Two-sided quotes100%
Open interest100%
- Chain status
- Complete available chain
- Market date
- 30 Jul 2026
- Calculation
- v2.0
- Contracts
- 442 / 442
- 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
Options activity is concentrated around a live event window, so the cleanest read is event positioning rather than pure direction.
Options are pricing movement more than direction; compare expected move with the stock's actual weekly change.
Earnings/event positioning matters because it connects the options headline to the actual evidence: $1.5M of estimated gross traded notional, calls · 91+ 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+80
1W price-1.7%
Call premium82%
Put premium18%
Notional split
C 82% / P 18%
Estimated gross traded notional uses volume × contract multiplier × midpoint, or last price when no valid midpoint is available.
Freshness
0.07
Volume divided by open interest across the visible chain.
Trend fit
0/100
Agreement between options pressure and Sharemaestro market context.
Event window
4 Aug
Matched earnings event is 2 days away.
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 · OTM
calls cluster with 7191 contracts traded, $435815 estimated gross traded notional, and 30% of visible notional.
$435815
Calls · 0-7 days · OTM
calls cluster with 24539 contracts traded, $258124 estimated gross traded notional, and 18% of visible notional.
$258124
Calls · 8-21 days · OTM
calls cluster with 17100 contracts traded, $168023 estimated gross traded notional, and 11% of visible notional.
$168023
Puts · 0-7 days · ITM
puts cluster with 1961 contracts traded, $90124 estimated gross traded notional, and 6% of visible notional.
$90124
Calls · 91+ days · ITM
calls cluster with 539 contracts traded, $85122 estimated gross traded notional, and 6% of visible notional.
$85122
Setup Classification
Opportunity and risk frame
The tape is pricing or displaying unusually elevated activity.
Expected move or upcoming earnings makes the setup more event-sensitive.
Options positioning is not confirming the underlying trend context.
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
Close3.77
1W-1.7%
RS-39.4
Fair value+15.8%
Options pressure80
Speculation42
Volatility76
Trend fit0
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 10:40
Volatility
Pressure 82
Move 7.8%
30 Jul 10:36
Volatility
Pressure 63
Move 10.3%
31 Jul 11:49
Volatility
Pressure 80
Move 5.1%
Strike Map
Where activity is clustering
Strike0.50
Calls · V 2 · OI 84
Puts · V 0 · OI 3
Strike1.00
Calls · V 6 · OI 107
Puts · V 0 · OI 0
Strike1.50
Calls · V 8 · OI 45
Puts · V 0 · OI 1
Strike2.00
Calls · V 26 · OI 61
Puts · V 0 · OI 24
Strike2.50
Calls · V 2 · OI 60
Puts · V 0 · OI 83
Strike3.00
Calls · V 15 · OI 66
Puts · V 24 · OI 566
Strike3.50
Calls · V 1032 · OI 557
Puts · V 3155 · OI 5655
Strike4.00
Calls · V 9023 · OI 17895
Puts · V 1512 · OI 4083
Term Structure
Expiration activity
Expiry31 Jul 2026
Contracts38
Avg IV1.05
Put-call0.45
Expiry7 Aug 2026
Contracts38
Avg IV1.33
Put-call0.21
Expiry14 Aug 2026
Contracts38
Avg IV1.01
Put-call0.05
Expiry21 Aug 2026
Contracts48
Avg IV1.02
Put-call0.07
Expiry28 Aug 2026
Contracts38
Avg IV0.90
Put-call0.12
Skew
Call/put IV balance
31 Jul 2026Put IV premium
Call IV1.15
Put IV1.25
Skew0.11
7 Aug 2026Call IV premium
Call IV1.37
Put IV1.16
Skew-0.21
14 Aug 2026Call IV premium
Call IV1.08
Put IV1.00
Skew-0.08
21 Aug 2026Balanced skew
Call IV1.02
Put IV0.98
Skew-0.04
28 Aug 2026Put IV premium
Call IV1.02
Put IV1.28
Skew0.26
Contract Tape
Most active contracts
ContractOPEN260731C00004000
SideCall
Expiry31 Jul 2026
Strike4.00
Volume9023
OI17895
IV1.15
ContractOPEN260807C00004000
SideCall
Expiry7 Aug 2026
Strike4.00
Volume8350
OI7054
IV1.25
ContractOPEN260814C00005000
SideCall
Expiry14 Aug 2026
Strike5.00
Volume5442
OI3125
IV1.19
ContractOPEN260807C00004500
SideCall
Expiry7 Aug 2026
Strike4.50
Volume5066
OI8517
IV1.37
ContractOPEN260821C00005000
SideCall
Expiry21 Aug 2026
Strike5.00
Volume4065
OI30688
IV1.10
ContractOPEN260731P00003500
SidePut
Expiry31 Jul 2026
Strike3.50
Volume3155
OI5655
IV1.25
ContractOPEN260821C00008000
SideCall
Expiry21 Aug 2026
Strike8.00
Volume2873
OI17941
IV1.54
ContractOPEN260807P00003500
SidePut
Expiry7 Aug 2026
Strike3.50
Volume2324
OI4160
IV1.16
Research Graph
Related research and context
Sharemaestro research
Related News
No recent ticker-specific news yet.
Market Watch
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.