Primary read
Volatility
Volatility expansion watch
Ticker Options Intelligence
LSPD options intelligence
Lightspeed Commerce Inc options pressure, expected move, strike concentration, and Sharemaestro trend context.
Conviction
45
Market data through 12 Aug 2026
Checked 13 Aug 2026 12:20 · complete available chain
Volatility expansion watch
Volatility pressure
LSPD currently carries volatility options pressure with a 45/100 conviction score. The nearest-chain expected move is 9.3%, with volume/open-interest participation at 0.00.
Expected move
9.3%
Wider near-term move priced
Activity / OI
0.00
Current volume is quieter versus prior open interest
Put-call
0.22
Call-side skew
Trend fit
25
Options are not fully confirming trend
Weekly backdrop
+3.5%
RS -12.6
Expected move
9.3%
Put-call volume
0.22
Volume / OI
0.00
Reference IV
0.60
Max pain
10.00
Underlying
10.46
Nearest expiry
21 Aug 2026
Contracts
172
Research Brief
LSPD has a volatility chain read with 45/100 evidence alignment.
The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 9.48–11.44; The largest call open-interest concentration is 17.00; the largest put concentration is 5.00. The most active strike by current volume is 9.00.
Priced range9.48–11.44
Call concentration17.00
Put concentration5.00
Max pain reference10.00
- 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 9.48 to 11.44. Max pain at 10.00 sits inside that range, 4.4% below spot.
Spot
Max pain
9.4810.46 ± 0.9811.44
Confirmation level
A close beyond 11.44 or below 9.48 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 45/100
Pressure is 73/100 toward calls; conviction uses its strength, while the signal label carries its direction.
Directional pressure73 × 42%
+30.5
How strongly activity leans toward calls or puts.
Participation0 × 22%
+0.1
Volume relative to existing open interest and contract-level activity.
Trend agreement25 × 26%
+6.5
How closely the chain read agrees with the underlying trend backdrop.
Volatility79 × 10%
+7.9
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 17.00; the largest put concentration is 5.00. The most active strike by current volume is 9.00. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.
Put open interestStrikeCall open interest
0
4.00-61.8%
2
300
5.00-52.2%
0
1
6.00-42.6%
0
53
7.00-33.1%
1
21
8.00-23.5%
0
81
9.00-14.0%
49
83
10.00-4.4%
90
0
11.005.2%
133
0
12.0014.7%
23
0
13.0024.3%
12
0
14.0033.8%
14
0
15.0043.4%
3
0
16.0053.0%
0
0
17.0062.5%
325
0
18.0072.1%
0
0
19.0081.6%
0
0
20.0091.2%
0
Nearest spot strike Max pain strikeBars show relative OI within this expiry
Gamma Profile by Strike
Positive gamma proxy
Call-side gamma sensitivity outweighs the put-side proxy across the retained chain. The largest bars mark levels where delta-hedging sensitivity may be most concentrated.
Net profile+$33,406Delta change / 1% move
Positive peak10.00+$13,600
Negative peak9.00-$677
Nearest balance9.05Interpolated sign change
StrikeNegativePositiveNet / 1% move
3.00-71.3%
+$0
5.00-52.2%
-$205
6.00-42.6%
+$5
7.00-33.1%
-$211
8.00-23.5%
+$4,989
9.00-14.0%
-$677
10.00-4.4%
+$13,600
11.005.2%
+$4,879
12.0014.7%
+$9,805
13.0024.3%
+$53
14.0033.8%
-$108
15.0043.4%
+$409
16.0053.0%
+$2
17.0062.5%
+$624
20.0091.2%
+$229
25.00139.0%
+$13
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
Front-loaded volatility
Near-term options are materially richer than later expirations, consistent with concentrated event or immediate-risk pricing.
0.60
21 Aug
9d
0.44
18 Sep
37d
0.47
20 Nov
100d
0.49
18 Dec
128d
0.29
19 Feb
191d
Volatility by Strike
Upside optionality premium
Out-of-the-money calls carry higher implied volatility than comparable puts, indicating richer upside optionality.
9
10
11
12
Put IV Call IV
Historical Replay
How matured reads behaved through expiry
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
- Auditable calculationoriginal version retained
- Independent entryone read per market session
- Point-in-time referencerequired at entry
- Matched expiry closereported only after maturity
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
High
Retained chain100%
Implied volatility100%
Two-sided quotes100%
Open interest100%
- Chain status
- Complete available chain
- Market date
- 12 Aug 2026
- Calculation
- v2.0
- Contracts
- 172 / 172
- 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
Volatility expansion bet
The strongest message is movement risk: expected move and implied volatility are carrying more signal than direction.
Options are pricing movement more than direction; compare expected move with the stock's actual weekly change.
Volatility expansion bet matters because it connects the options headline to the actual evidence: $192 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+73
1W price+3.5%
Call premium95%
Put premium5%
Notional split
C 95% / P 5%
Estimated gross traded notional uses volume × contract multiplier × midpoint, or last price when no valid midpoint is available.
Freshness
0.00
Volume divided by open interest across the visible chain.
Trend fit
25/100
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.
Calls · 22-45 days · OTM
calls cluster with 8 contracts traded, $122 estimated gross traded notional, and 64% of visible notional.
$122
Calls · 91+ days · OTM
calls cluster with 1 contracts traded, $60 estimated gross traded notional, and 31% of visible notional.
$60
Puts · 8-21 days · OTM
puts cluster with 2 contracts traded, $10 estimated gross traded notional, and 5% of visible notional.
$10
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
9 of 10 completed market sessions are available. More session history is needed before activity can be compared with a reliable normal.
Baseline: 9 completed sessions
Volume rank-
Volume/OI rank-
IV rank-
Market Context
Underlying confirmation
Close10.46
1W+3.5%
RS-12.6
Fair value-19.1%
Options pressure73
Speculation0
Volatility79
Trend fit25
Today Versus Normal
Stored-options context
30d avg - · 9/10 sessions
-
90d avg - · 9/30 sessions
-
180d avg - · 9/60 sessions
-
30d avg - · 9/10 sessions
-
90d avg - · 9/30 sessions
-
180d avg - · 9/60 sessions
-
30d avg - · 7/10 sessions
-
90d avg - · 7/30 sessions
-
180d avg - · 7/60 sessions
-
30d avg - · 9/10 sessions
-
90d avg - · 9/30 sessions
-
180d avg - · 9/60 sessions
-
Pressure Trail
Recent pressure and volatility
29 Jul 11:08
Volatility
Pressure 100
Move 16.9%
30 Jul 10:56
Bullish
Pressure 20
Move 16.4%
31 Jul 10:40
Mixed
Pressure 6
Move 12.6%
2 Aug 13:03
Volatility
Pressure 100
Move 10.1%
4 Aug 10:33
Bearish
Pressure -60
Move 10.1%
5 Aug 11:04
Bullish
Pressure 29
Move 10.1%
6 Aug 11:11
Volatility
Pressure -91
Move 11.4%
10 Aug 11:01
Bullish
Pressure 100
Move 5.3%
Strike Map
Where activity is clustering
Strike4.00
Calls · V 0 · OI 2
Puts · V 0 · OI 0
Strike5.00
Calls · V 0 · OI 0
Puts · V 0 · OI 300
Strike6.00
Calls · V 0 · OI 0
Puts · V 0 · OI 1
Strike7.00
Calls · V 0 · OI 1
Puts · V 0 · OI 53
Strike8.00
Calls · V 0 · OI 0
Puts · V 0 · OI 21
Strike9.00
Calls · V 0 · OI 49
Puts · V 2 · OI 81
Strike10.00
Calls · V 0 · OI 90
Puts · V 0 · OI 83
Strike11.00
Calls · V 0 · OI 133
Puts · V 0 · OI 0
Term Structure
Expiration activity
Expiry21 Aug 2026
Contracts34
Avg IV0.60
Put-call-
Expiry18 Sep 2026
Contracts34
Avg IV0.44
Put-call-
Expiry20 Nov 2026
Contracts36
Avg IV0.47
Put-call-
Expiry18 Dec 2026
Contracts32
Avg IV0.49
Put-call-
Expiry19 Feb 2027
Contracts36
Avg IV0.29
Put-call-
Skew
Call/put IV balance
21 Aug 2026Call IV premium
Call IV0.67
Put IV0.20
Skew-0.47
18 Sep 2026Put IV premium
Call IV0.41
Put IV0.81
Skew0.39
20 Nov 2026Balanced skew
Call IV0.52
Put IV0.50
Skew-0.02
18 Dec 2026Put IV premium
Call IV0.45
Put IV0.74
Skew0.28
19 Feb 2027Put IV premium
Call IV0.03
Put IV0.65
Skew0.61
Contract Tape
Most active contracts
ContractLSPD260918C00013000
SideCall
Expiry18 Sep 2026
Strike13.00
Volume5
OI-
IV0.34
ContractLSPD260918C00011000
SideCall
Expiry18 Sep 2026
Strike11.00
Volume3
OI-
IV0.40
ContractLSPD260821P00009000
SidePut
Expiry21 Aug 2026
Strike9.00
Volume2
OI81
IV0.52
ContractLSPD261218C00012000
SideCall
Expiry18 Dec 2026
Strike12.00
Volume1
OI608
IV0.44
ContractLSPD261218C00010000
SideCall
Expiry18 Dec 2026
Strike10.00
Volume-
OI904
IV0.43
ContractLSPD261218C00008000
SideCall
Expiry18 Dec 2026
Strike8.00
Volume-
OI733
IV0.56
ContractLSPD260821C00017000
SideCall
Expiry21 Aug 2026
Strike17.00
Volume-
OI325
IV1.34
ContractLSPD260821P00005000
SidePut
Expiry21 Aug 2026
Strike5.00
Volume-
OI300
IV2.09
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.