Ticker Options Intelligence

LTRX options intelligence

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

Conviction 26 Market data through 31 Jul 2026 Checked 1 Aug 2026 22:55 · complete available chain

Options-market disagreement

Mixed pressure

LTRX currently carries mixed options pressure with a 26/100 conviction score. The nearest-chain expected move is 23.3%, with volume/open-interest participation at 0.01.

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

Options-market disagreement

Expected move 23.3%

Wider near-term move priced

Activity / OI 0.01

Current volume is quieter versus prior open interest

Put-call 1.22

Balanced tape

Trend fit 58

Options are not fully confirming trend

Weekly backdrop +1.5%

RS -11.0

Expected move 23.3%
Put-call volume 1.22
Volume / OI 0.01
Reference IV 0.97
Max pain 5.00
Underlying 5.38
Nearest expiry 21 Aug 2026
Contracts 42

Research Brief

LTRX has a mixed chain read with 26/100 evidence alignment.

The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 4.13–6.63; The largest call open-interest concentration is 7.50; the largest put concentration is 5.00. The most active strike by current volume is 7.50.

Priced range4.13–6.63
Call concentration7.50
Put concentration5.00
Max pain reference5.00
What would confirm it
  • A clear directional pressure reading develops and price begins to agree.
What would weaken it
  • 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

Size, not direction · through 21 Aug

Options imply 4.13 to 6.63. Max pain at 5.00 sits inside that range, 7.1% below spot.

Spot Max pain
4.135.38 ± 1.256.63
Confirmation level

A close beyond 6.63 or below 4.13 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 26/100

Evidence alignment, not probability

Pressure is 2/100 toward calls; conviction uses its strength, while the signal label carries its direction.

Directional pressure2 × 42%
+0.8

How strongly activity leans toward calls or puts.

Participation5 × 22%
+1.1

Volume relative to existing open interest and contract-level activity.

Trend agreement58 × 26%
+15.0

How closely the chain read agrees with the underlying trend backdrop.

Volatility96 × 10%
+9.6

The intensity of implied volatility and the priced move.

Reconstructed score26.4Matches stored calculation

Positioning by Strike

Where open interest and current activity concentrate

Full strike map

The largest call open-interest concentration is 7.50; the largest put concentration is 5.00. The most active strike by current volume is 7.50. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.

Put open interestStrikeCall open interest
0
2.50-53.5%
0
48
5.00-7.1%
53
18
7.5039.4%
244
0
10.0085.9%
30
0
12.50132.3%
0
Nearest spot strike Max pain strikeBars show relative OI within this expiry

Volatility Curve

Front-loaded volatility

1.14× front/back

Near-term options are materially richer than later expirations, consistent with concentrated event or immediate-risk pricing.

0.97 21 Aug 21d
1.06 18 Sep 49d
0.90 18 Dec 140d
0.85 19 Mar 231d

Volatility by Strike

Smile incomplete

Nearest expiry, within 20% of spot

There is not enough comparable OTM call and put volatility to classify the smile.

5
Put IV Call IV

Historical Replay

How matured reads behaved through expiry

0 directional observations

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
  • 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

High

A97/100
Retained chain100%
Implied volatility100%
Two-sided quotes100%
Open interest100%
Chain status
Complete available chain
Market date
31 Jul 2026
Calculation
v2.0
Contracts
42 / 42
  • 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

Multi-expiry position-maintenance candidate

63/100
Primary intent Multi-expiry position-maintenance candidate

Activity is spread across expirations with heavier open interest than current volume, which can be consistent with position maintenance.

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

Multi-expiry position-maintenance candidate matters because it connects the options headline to the actual evidence: $4522 of estimated gross traded notional, puts · 46-90 days · otm, 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+2
1W price+1.5%
Call premium40%
Put premium60%
Notional split C 40% / P 60% Estimated gross traded notional uses volume × contract multiplier × midpoint, or last price when no valid midpoint is available.
Freshness 0.01 Volume divided by open interest across the visible chain.
Trend fit 58/100 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. Roll detection is conservative because opening and closing legs are not directly observable in this snapshot.
Conviction clusters Puts · 46-90 days · OTM
Puts · 46-90 days · OTM puts cluster with 45 contracts traded, $2700 estimated gross traded notional, and 60% of visible notional.
$2700
Calls · 91+ days · OTM calls cluster with 21 contracts traded, $1182 estimated gross traded notional, and 26% of visible notional.
$1182
Calls · 91+ days · ITM calls cluster with 4 contracts traded, $550 estimated gross traded notional, and 12% of visible notional.
$550
Calls · 8-21 days · OTM calls cluster with 10 contracts traded, $50 estimated gross traded notional, and 1% of visible notional.
$50
Calls · 46-90 days · OTM calls cluster with 2 contracts traded, $40 estimated gross traded notional, and 1% of visible notional.
$40

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.

Activity Anomaly

Warming up

-

3 of 10 completed market sessions are available. More session history is needed before activity can be compared with a reliable normal.

Baseline: 3 completed sessions

Volume rank-
Volume/OI rank-
IV rank-

Market Context

Underlying confirmation

Sharemaestro weekly
Close5.38
1W+1.5%
RS-11.0
Fair value+23.2%
Options pressure2
Speculation5
Volatility96
Trend fit58

Today Versus Normal

Stored-options context

View history
Expected move 23.3% history building
30d avg - · 3/10 sessions -
90d avg - · 3/30 sessions -
180d avg - · 3/60 sessions -
IV 0.97 history building
30d avg - · 3/10 sessions -
90d avg - · 3/30 sessions -
180d avg - · 3/60 sessions -
Put-call 1.22 history building
30d avg - · 3/10 sessions -
90d avg - · 3/30 sessions -
180d avg - · 3/60 sessions -
Volume/OI 0.01 history building
30d avg - · 3/10 sessions -
90d avg - · 3/30 sessions -
180d avg - · 3/60 sessions -

Pressure Trail

Recent pressure and volatility

Open trail
29 Jul 11:37 Volatility
Pressure 95
Move 27.8%
30 Jul 11:16 Volatility
Pressure 84
Move 13.7%
31 Jul 10:52 Volatility
Pressure 92
Move 24.8%
1 Aug 21:55 Mixed
Pressure 2
Move 23.3%

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 53
Puts · V 0 · OI 48
Strike7.50
Calls · V 10 · OI 244
Puts · V 0 · OI 18
Strike10.00
Calls · V 0 · OI 30
Puts · V 0 · OI 0
Strike12.50
Calls · V 0 · OI 0
Puts · V 0 · OI 0

Term Structure

Expiration activity

Volume and IV
Expiry21 Aug 2026
Contracts10
Avg IV0.97
Put-call-
Expiry18 Sep 2026
Contracts12
Avg IV1.06
Put-call22.50
Expiry18 Dec 2026
Contracts12
Avg IV0.90
Put-call-
Expiry19 Mar 2027
Contracts8
Avg IV0.85
Put-call-

Skew

Call/put IV balance

OTM demand
21 Aug 2026Call IV premium
Call IV0.70
Put IV0.22
Skew-0.48
18 Sep 2026Put IV premium
Call IV0.94
Put IV1.05
Skew0.11
18 Dec 2026Put IV premium
Call IV0.95
Put IV1.09
Skew0.14
19 Mar 2027Call IV premium
Call IV0.99
Put IV0.86
Skew-0.13

Contract Tape

Most active contracts

Full contract tape
ContractLTRX260918P00005000
SidePut
Expiry18 Sep 2026
Strike5.00
Volume45
OI78
IV1.05
ContractLTRX261218C00007500
SideCall
Expiry18 Dec 2026
Strike7.50
Volume20
OI866
IV0.87
ContractLTRX260821C00007500
SideCall
Expiry21 Aug 2026
Strike7.50
Volume10
OI244
IV0.70
ContractLTRX261218C00005000
SideCall
Expiry18 Dec 2026
Strike5.00
Volume4
OI834
IV0.91
ContractLTRX260918C00007500
SideCall
Expiry18 Sep 2026
Strike7.50
Volume2
OI1590
IV0.94
ContractLTRX261218C00010000
SideCall
Expiry18 Dec 2026
Strike10.00
Volume1
OI1519
IV0.95
ContractLTRX260918C00010000
SideCall
Expiry18 Sep 2026
Strike10.00
Volume-
OI2789
IV0.77
ContractLTRX260918C00005000
SideCall
Expiry18 Sep 2026
Strike5.00
Volume-
OI802
IV0.97