Primary read
Bullish
Call-side pressure
Ticker Options Intelligence
VIST options intelligence
Vista Oil Gas ADR options pressure, expected move, strike concentration, and Sharemaestro trend context.
Conviction
54
Market data through 18 Aug 2026
Checked 19 Aug 2026 14:01 · complete available chain
Call-side pressure
Bullish pressure
VIST currently carries bullish options pressure with a 54/100 conviction score. The nearest-chain expected move is 4.6%, with volume/open-interest participation at 0.10.
Expected move
4.6%
Near-term move context
Activity / OI
0.10
Current volume is quieter versus prior open interest
Put-call
0.11
Call-side skew
Trend fit
7
Options are not fully confirming trend
Weekly backdrop
+3.6%
RS 8.4
Expected move
4.6%
Put-call volume
0.11
Volume / OI
0.10
Reference IV
0.70
Max pain
55.00
Underlying
68.31
Nearest expiry
21 Aug 2026
Contracts
202
Research Brief
VIST has a bullish chain read with 54/100 evidence alignment.
The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 65.18–71.44; The largest call open-interest concentration is 70.00; the largest put concentration is 55.00. The most active strike by current volume is 80.00.
Priced range65.18–71.44
Call concentration70.00
Put concentration55.00
Max pain reference55.00
- Price holds or improves while call-side concentration remains elevated.
- Participation is above the ticker's stored normal, which makes the read more noteworthy.
- Price weakens while call pressure fades or reverses toward puts.
- 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 65.18 to 71.44. Max pain at 55.00 lies outside the priced range, so it is a weak near-term anchor.
Spot
Max pain
65.1868.31 ± 3.1371.44
Confirmation level
A close beyond 71.44 or below 65.18 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 54/100
Pressure is 87/100 toward calls; conviction uses its strength, while the signal label carries its direction.
Directional pressure87 × 42%
+36.6
How strongly activity leans toward calls or puts.
Participation42 × 22%
+9.3
Volume relative to existing open interest and contract-level activity.
Trend agreement7 × 26%
+1.9
How closely the chain read agrees with the underlying trend backdrop.
Volatility67 × 10%
+6.7
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 70.00; the largest put concentration is 55.00. The most active strike by current volume is 80.00. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.
Put open interestStrikeCall open interest
76
22.50-67.1%
2
11
25.00-63.4%
2
541
30.00-56.1%
14
417
35.00-48.8%
44
340
40.00-41.4%
82
208
45.00-34.1%
51
487
50.00-26.8%
281
955
55.00-19.5%
1184
476
60.00-12.2%
131
185
65.00-4.8%
284
63
70.002.5%
2090
17
75.009.8%
1014
0
80.0017.1%
1392
0
85.0024.4%
585
0
90.0031.8%
66
0
95.0039.1%
24
0
100.0046.4%
23
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+$1.9MDelta change / 1% move
Positive peak70.00+$848,092
Negative peak45.00-$21,288
Nearest balance49.28Interpolated sign change
StrikeNegativePositiveNet / 1% move
20.00-70.7%
+$23
22.50-67.1%
-$38
25.00-63.4%
+$3
30.00-56.1%
-$462
35.00-48.8%
+$579
40.00-41.4%
+$1,453
45.00-34.1%
-$21,288
50.00-26.8%
+$3,565
55.00-19.5%
+$82,066
60.00-12.2%
+$47,061
65.00-4.8%
+$7,041
70.002.5%
+$848,092
75.009.8%
+$178,881
80.0017.1%
+$628,610
85.0024.4%
+$37,372
90.0031.8%
+$68,939
95.0039.1%
+$8,641
100.0046.4%
+$1,981
105.0053.7%
+$1,196
110.0061.0%
+$1,046
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.
0.70
21 Aug
3d
0.46
18 Sep
31d
0.49
20 Nov
94d
0.47
18 Dec
122d
0.47
15 Jan
150d
0.45
19 Mar
213d
Volatility by Strike
Downside protection premium
Out-of-the-money puts carry higher implied volatility than comparable calls, indicating richer downside protection.
55
60
65
70
75
80
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
Usable with limits
Retained chain100%
Implied volatility100%
Two-sided quotes100%
Open interest100%
- Chain status
- Complete available chain
- Market date
- 18 Aug 2026
- Calculation
- v2.0
- Contracts
- 202 / 202
- 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
Activity is spread across expirations with heavier open interest than current volume, which can be consistent with position maintenance.
Options pressure and weekly price action are pointing in the same constructive direction.
Multi-expiry position-maintenance candidate matters because it connects the options headline to the actual evidence: $993,510 of estimated gross traded notional, calls · 91+ 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+87
1W price+3.6%
Call premium94%
Put premium6%
Notional split
C 94% / P 6%
Estimated gross traded notional uses volume × contract multiplier × midpoint, or last price when no valid midpoint is available.
Freshness
0.10
Volume divided by open interest across the visible chain.
Trend fit
7/100
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.
Calls · 91+ days · OTM
calls cluster with 1562 contracts traded, $506,640 estimated gross traded notional, and 51% of visible notional.
$506,640
Calls · 91+ days · ITM
calls cluster with 126 contracts traded, $241,230 estimated gross traded notional, and 24% of visible notional.
$241,230
Calls · 0-7 days · ITM
calls cluster with 30 contracts traded, $92,495 estimated gross traded notional, and 9% of visible notional.
$92,495
Calls · 91+ days · ATM
calls cluster with 66 contracts traded, $61,880 estimated gross traded notional, and 6% of visible notional.
$61,880
Puts · 91+ days · OTM
puts cluster with 145 contracts traded, $19,220 estimated gross traded notional, and 2% of visible notional.
$19,220
Setup Classification
Opportunity and risk frame
The tape is pricing or displaying unusually elevated activity.
Options positioning is not confirming the underlying trend context.
Call pressure is building while the stock sits above Sharemaestro fair value.
Activity Anomaly
High anomaly
Current options activity is unusually hot versus this ticker's stored history.
Baseline: 12 completed sessions
Volume rank100th
Volume/OI rank100th
IV rank100th
Market Context
Underlying confirmation
Close68.31
1W+3.6%
RS8.4
Fair value+43.8%
Options pressure87
Speculation42
Volatility67
Trend fit7
Today Versus Normal
Stored-options context
30d avg 8.6% · 12 sessions
0th
90d avg - · 12/30 sessions
-
180d avg - · 12/60 sessions
-
30d avg 0.46 · 12 sessions
100th
90d avg - · 12/30 sessions
-
180d avg - · 12/60 sessions
-
30d avg 3.23 · 12 sessions
17th
90d avg - · 12/30 sessions
-
180d avg - · 12/60 sessions
-
30d avg 0.01 · 12 sessions
100th
90d avg - · 12/30 sessions
-
180d avg - · 12/60 sessions
-
Pressure Trail
Recent pressure and volatility
29 Jul 10:30
Mixed
Pressure -12
Move 11.5%
30 Jul 10:25
Bearish
Pressure -37
Move 9.7%
31 Jul 05:08
Volatility
Pressure 76
Move 10.1%
1 Aug 13:59
Volatility
Pressure 60
Move 9.4%
2 Aug 10:47
Bullish
Pressure 60
Move 9.3%
4 Aug 12:48
Bullish
Pressure 90
Move 9.4%
5 Aug 11:32
Mixed
Pressure -1
Move 10.4%
6 Aug 11:37
Bearish
Pressure -51
Move 9.9%
Strike Map
Where activity is clustering
Strike20.00
Calls · V 0 · OI 5
Puts · V 0 · OI 2
Strike22.50
Calls · V 0 · OI 2
Puts · V 0 · OI 76
Strike25.00
Calls · V 0 · OI 2
Puts · V 0 · OI 11
Strike30.00
Calls · V 3 · OI 14
Puts · V 0 · OI 541
Strike35.00
Calls · V 5 · OI 44
Puts · V 0 · OI 417
Strike40.00
Calls · V 20 · OI 82
Puts · V 0 · OI 340
Strike45.00
Calls · V 0 · OI 51
Puts · V 0 · OI 208
Strike50.00
Calls · V 0 · OI 281
Puts · V 0 · OI 487
Term Structure
Expiration activity
Expiry21 Aug 2026
Contracts40
Avg IV0.70
Put-call0.06
Expiry18 Sep 2026
Contracts36
Avg IV0.46
Put-call0.48
Expiry20 Nov 2026
Contracts34
Avg IV0.49
Put-call0.52
Expiry18 Dec 2026
Contracts32
Avg IV0.47
Put-call0.00
Expiry15 Jan 2027
Contracts32
Avg IV0.47
Put-call1.52
Skew
Call/put IV balance
21 Aug 2026Put IV premium
Call IV0.36
Put IV0.60
Skew0.24
18 Sep 2026Balanced skew
Call IV0.46
Put IV0.42
Skew-0.04
20 Nov 2026Put IV premium
Call IV0.46
Put IV0.52
Skew0.06
18 Dec 2026Balanced skew
Call IV0.48
Put IV0.44
Skew-0.04
15 Jan 2027Balanced skew
Call IV0.48
Put IV0.44
Skew-0.04
Contract Tape
Most active contracts
ContractVIST261218C00085000
SideCall
Expiry18 Dec 2026
Strike85.00
Volume1388
OI172
IV0.47
ContractVIST260821C00080000
SideCall
Expiry21 Aug 2026
Strike80.00
Volume501
OI1392
IV0.62
ContractVIST270115P00045000
SidePut
Expiry15 Jan 2027
Strike45.00
Volume95
OI491
IV0.49
ContractVIST270319C00055000
SideCall
Expiry19 Mar 2027
Strike55.00
Volume72
OI108
IV0.48
ContractVIST261120C00080000
SideCall
Expiry20 Nov 2026
Strike80.00
Volume59
OI3771
IV0.49
ContractVIST260918C00080000
SideCall
Expiry18 Sep 2026
Strike80.00
Volume56
OI1667
IV0.45
ContractVIST260918P00070000
SidePut
Expiry18 Sep 2026
Strike70.00
Volume40
OI61
IV0.48
ContractVIST260918C00070000
SideCall
Expiry18 Sep 2026
Strike70.00
Volume36
OI323
IV0.47
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.