Primary read
Bullish
Call-side pressure
Ticker Options Intelligence
AMDW options intelligence
ROUNDHILL AMD WEEKLYPAY ETF options pressure, expected move, strike concentration, and Sharemaestro trend context.
Conviction
43
Market data through 14 Sep 2026
Checked 15 Sep 2026 11:24 · complete available chain
Call-side pressure
Bullish pressure
AMDW currently carries bullish options pressure with a 43/100 conviction score. The nearest-chain expected move is 5.9%, with volume/open-interest participation at 0.02.
Expected move
5.9%
Near-term move context
Activity / OI
0.02
Current volume is quieter versus prior open interest
Put-call
0.24
Call-side skew
Trend fit
59
Options are not fully confirming trend
Weekly backdrop
+9.3%
RS 40.0
Expected move
5.9%
Put-call volume
0.24
Volume / OI
0.02
Reference IV
0.46
Max pain
92.00
Underlying
86.49
Nearest expiry
18 Sep 2026
Contracts
318
Research Brief
AMDW has a bullish chain read with 43/100 evidence alignment.
The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 81.39–91.59; The largest call open-interest concentration is 85.00; the largest put concentration is 92.00. The most active strike by current volume is 85.00.
Priced range81.39–91.59
Call concentration85.00
Put concentration92.00
Max pain reference92.00
- Price holds or improves while call-side concentration remains elevated.
- 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
Options imply 81.39 to 91.59. Max pain at 92.00 lies outside the priced range, so it is a weak near-term anchor.
Spot
Max pain
81.3986.49 ± 5.1091.59
Confirmation level
A close beyond 91.59 or below 81.39 at the 18 Sep 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 43/100
Pressure is 49/100 toward calls; conviction uses its strength, while the signal label carries its direction.
Directional pressure49 × 42%
+20.6
How strongly activity leans toward calls or puts.
Participation6 × 22%
+1.3
Volume relative to existing open interest and contract-level activity.
Trend agreement59 × 26%
+15.4
How closely the chain read agrees with the underlying trend backdrop.
Volatility56 × 10%
+5.6
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 85.00; the largest put concentration is 92.00. The most active strike by current volume is 85.00. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.
Put open interestStrikeCall open interest
0
50.00-42.2%
0
0
55.00-36.4%
0
0
60.00-30.6%
0
3
65.00-24.8%
0
6
70.00-19.1%
0
17
75.00-13.3%
0
88
80.00-7.5%
0
81
85.00-1.7%
77
1
90.004.1%
45
0
91.005.2%
5
250
92.006.4%
0
0
93.007.5%
0
0
94.008.7%
1
0
95.009.8%
10
0
96.0011.0%
0
1
100.0015.6%
17
0
104.0020.2%
2
Nearest spot strike Max pain strikeBars show relative OI within this expiry
Gamma Profile by Strike
Negative gamma proxy
Put-side gamma sensitivity outweighs the call-side proxy across the retained chain. The largest bars mark levels where delta-hedging sensitivity may be most concentrated.
Net profile-$50,651Delta change / 1% move
Positive peak90.00+$22,728
Negative peak80.00-$47,113
Nearest balance89.03Interpolated sign change
StrikeNegativePositiveNet / 1% move
60.00-30.6%
-$312
65.00-24.8%
-$2,171
70.00-19.1%
-$2,283
75.00-13.3%
-$3,218
80.00-7.5%
-$47,113
85.00-1.7%
-$13,009
88.001.7%
-$1,930
89.002.9%
-$625
90.004.1%
+$22,728
91.005.2%
+$157
94.008.7%
+$1,158
95.009.8%
+$1,655
98.0013.3%
-$176
99.0014.5%
-$6,039
100.0015.6%
+$1,283
101.0016.8%
-$59
102.0017.9%
+$112
104.0020.2%
+$26
105.0021.4%
+$161
110.0027.2%
+$975
115.0033.0%
+$391
Positive call-side proxy Negative put-side proxyHighlighted row is nearest spot strike
Scenario proxy = gamma × open interest × 100 shares × spot² × 1%. Calls are positive and puts negative by convention. Missing Greeks use a Black-Scholes estimate from stored IV with zero rate and dividend assumptions. Open interest does not reveal who is long or short, so this is not observed dealer positioning or a forecast.
Volatility Curve
Back-loaded volatility
Longer-dated options carry more implied volatility than the front expiry, so risk is priced farther out.
0.46
18 Sep
4d
0.65
16 Oct
32d
0.68
15 Jan
123d
0.66
16 Apr
214d
Volatility by Strike
Downside protection premium
Out-of-the-money puts carry higher implied volatility than comparable calls, indicating richer downside protection.
70
75
80
85
90
91
92
93
94
95
96
97
98
99
100
101
102
103
Put IV Call IV
Historical Replay
How matured reads behaved through expiry
Across 2 stored directional transitions, the next stored price moved in the labelled direction 100% of the time.
Directional follow-through100%
Moves contained by pricing89%
Average expiry move9.8%
14 Aug
Bearish · 36
-13.7% through expiry
6.6% priced · v2.0
10 Aug
Volatility · 50
-8.0% through expiry
10.7% priced · v2.0
7 Aug
Bearish · 43
-8.0% through expiry
11.5% priced · v2.0
6 Aug
Volatility · 51
-8.1% through expiry
12.5% priced · v2.0
5 Aug
Volatility · 45
-8.1% through expiry
13.4% priced · v2.0
4 Aug
Volatility · 46
-8.1% through expiry
18.6% priced · v2.0
3 Aug
Volatility · 54
-8.1% through expiry
17.5% priced · v2.0
31 Jul
Volatility · 47
-8.1% through expiry
18.1% priced · v2.0
30 Jul
Volatility · 59
-18.2% through expiry
20.6% priced · v2.0
Eligible snapshots must have a dated market session, stored signal, and point-in-time market reference. Each observation uses one read per market session and the first stored weekly close on or immediately after expiry; its original calculation version is retained. 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
- 14 Sep 2026
- Calculation
- v2.0
- Contracts
- 318 / 318
- 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
Call activity against legacy put OI
Call activity is dominant while put open interest remains large but current put volume is not leading.
Options pressure and weekly price action are pointing in the same constructive direction.
Call activity against legacy put OI matters because it connects the options headline to the actual evidence: $6,200 of estimated gross traded notional, puts · 22-45 days · otm, and a bullish flow confirms price backdrop. Use it as a research priority signal, then validate the chart, liquidity, event calendar, and risk before acting.
Options pressure+49
1W price+9.3%
Call premium69%
Put premium31%
Notional split
C 69% / P 31%
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
59/100
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.
Do not infer a hedge unwind without next-session open-interest changes and opening/closing data.
Puts · 22-45 days · OTM
puts cluster with 4 contracts traded, $1,600 estimated gross traded notional, and 26% of visible notional.
$1,600
Calls · 91+ days · ATM
calls cluster with 2 contracts traded, $1,200 estimated gross traded notional, and 19% of visible notional.
$1,200
Calls · 91+ days · OTM
calls cluster with 3 contracts traded, $698 estimated gross traded notional, and 11% of visible notional.
$698
Calls · 0-7 days · ATM
calls cluster with 8 contracts traded, $640 estimated gross traded notional, and 10% of visible notional.
$640
Calls · 22-45 days · ATM
calls cluster with 2 contracts traded, $585 estimated gross traded notional, and 9% of visible notional.
$585
Setup Classification
Opportunity and risk frame
The tape is pricing or displaying unusually elevated activity.
Call pressure is building while the stock sits above Sharemaestro fair value.
Activity Anomaly
Quiet tape
Activity is muted versus this ticker's stored history.
Baseline: 16 completed sessions
Volume rank19th
Volume/OI rank25th
IV rank0th
Market Context
Underlying confirmation
Close86.49
1W+9.3%
RS40.0
Fair value+60.0%
Options pressure49
Speculation6
Volatility56
Trend fit59
Today Versus Normal
Stored-options context
30d avg - · 5/10 sessions
-
90d avg - · 16/30 sessions
-
180d avg - · 16/60 sessions
-
30d avg - · 5/10 sessions
-
90d avg - · 16/30 sessions
-
180d avg - · 16/60 sessions
-
30d avg - · 5/10 sessions
-
90d avg - · 16/30 sessions
-
180d avg - · 16/60 sessions
-
30d avg - · 5/10 sessions
-
90d avg - · 16/30 sessions
-
180d avg - · 16/60 sessions
-
Pressure Trail
Recent pressure and volatility
29 Jul 11:57
Volatility
Pressure 25
Move 25.0%
30 Jul 11:32
Volatility
Pressure -84
Move 28.5%
31 Jul 11:04
Volatility
Pressure 82
Move 20.6%
3 Aug 10:05
Volatility
Pressure -73
Move 18.1%
4 Aug 11:22
Volatility
Pressure 59
Move 17.5%
4 Aug 19:40
Volatility
Pressure -59
Move 19.4%
5 Aug 10:28
Volatility
Pressure 22
Move 18.6%
6 Aug 11:48
Volatility
Pressure 17
Move 13.4%
Strike Map
Where activity is clustering
Strike50.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike55.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike60.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike65.00
Calls · V 0 · OI 0
Puts · V 0 · OI 3
Strike70.00
Calls · V 0 · OI 0
Puts · V 0 · OI 6
Strike75.00
Calls · V 0 · OI 0
Puts · V 2 · OI 17
Strike80.00
Calls · V 1 · OI 0
Puts · V 1 · OI 88
Strike85.00
Calls · V 8 · OI 77
Puts · V 0 · OI 81
Term Structure
Expiration activity
Expiry18 Sep 2026
Contracts72
Avg IV0.46
Put-call0.20
Expiry16 Oct 2026
Contracts104
Avg IV0.65
Put-call0.44
Expiry15 Jan 2027
Contracts80
Avg IV0.68
Put-call-
Expiry16 Apr 2027
Contracts62
Avg IV0.66
Put-call-
Skew
Call/put IV balance
18 Sep 2026Put IV premium
Call IV0.89
Put IV1.22
Skew0.33
16 Oct 2026Put IV premium
Call IV0.47
Put IV0.72
Skew0.24
15 Jan 2027Put IV premium
Call IV0.43
Put IV0.84
Skew0.41
16 Apr 2027Put IV premium
Call IV0.42
Put IV0.88
Skew0.46
Contract Tape
Most active contracts
ContractAMDW260918C00085000
SideCall
Expiry18 Sep 2026
Strike85.00
Volume8
OI77
IV0.63
ContractAMDW261016C00095000
SideCall
Expiry16 Oct 2026
Strike95.00
Volume7
OI10
IV0.45
ContractAMDW260918C00090000
SideCall
Expiry18 Sep 2026
Strike90.00
Volume6
OI45
IV0.89
ContractAMDW261016P00075000
SidePut
Expiry16 Oct 2026
Strike75.00
Volume4
OI8
IV0.74
ContractAMDW270115C00100000
SideCall
Expiry15 Jan 2027
Strike100.00
Volume3
OI11
IV0.41
ContractAMDW261016C00085000
SideCall
Expiry16 Oct 2026
Strike85.00
Volume2
OI18
IV0.45
ContractAMDW260918P00075000
SidePut
Expiry18 Sep 2026
Strike75.00
Volume2
OI17
IV0.34
ContractAMDW270115C00085000
SideCall
Expiry15 Jan 2027
Strike85.00
Volume2
OI13
IV0.39
Research Graph
Related research and context
Sharemaestro research
Related News
No recent ticker-specific news yet.
Market Watch
No recent market-watch posts yet.
Earnings
No upcoming matched earnings event.
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.