Primary read
Mixed
Options-market disagreement
Ticker Options Intelligence
WHR options intelligence
Whirlpool Corporation options pressure, expected move, strike concentration, and Sharemaestro trend context.
Conviction
34
Market data through 31 Jul 2026
Checked 31 Jul 2026 18:44 · complete available chain
Options-market disagreement
Mixed pressure
WHR currently carries mixed options pressure with a 34/100 conviction score. The nearest-chain expected move is 15.7%, with volume/open-interest participation at 0.07.
Expected move
15.7%
Wider near-term move priced
Activity / OI
0.07
Current volume is quieter versus prior open interest
Put-call
0.87
Balanced tape
Trend fit
49
Options are not fully confirming trend
Weekly backdrop
+3.5%
RS -47.5
Expected move
15.7%
Put-call volume
0.87
Volume / OI
0.07
Reference IV
0.79
Max pain
40.00
Underlying
37.27
Nearest expiry
21 Aug 2026
Contracts
700
Research Brief
WHR has a mixed chain read with 34/100 evidence alignment.
The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 31.42–43.12; The largest call open-interest concentration is 40.00; the largest put concentration is 30.00. The most active strike by current volume is 35.00.
Priced range31.42–43.12
Call concentration40.00
Put concentration30.00
Max pain reference40.00
- 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 31.42 to 43.12. Max pain at 40.00 sits inside that range, 7.3% above spot.
Spot
Max pain
31.4237.27 ± 5.8543.12
Confirmation level
A close beyond 43.12 or below 31.42 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 34/100
Pressure is 7/100 toward calls; conviction uses its strength, while the signal label carries its direction.
Directional pressure7 × 42%
+3.1
How strongly activity leans toward calls or puts.
Participation42 × 22%
+9.2
Volume relative to existing open interest and contract-level activity.
Trend agreement49 × 26%
+12.6
How closely the chain read agrees with the underlying trend backdrop.
Volatility95 × 10%
+9.5
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 40.00; the largest put concentration is 30.00. The most active strike by current volume is 35.00. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.
Put open interestStrikeCall open interest
11
22.50-39.6%
11
63
25.00-32.9%
1
364
27.50-26.2%
4
6024
30.00-19.5%
7
1502
32.50-12.8%
87
1443
35.00-6.1%
240
3116
37.500.6%
559
786
40.007.3%
5405
826
42.5014.0%
2279
47
45.0020.7%
2014
8
47.5027.4%
1781
217
50.0034.2%
2234
10
55.0047.6%
274
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.
0.79
21 Aug
21d
0.68
18 Sep
49d
1.01
20 Nov
112d
0.70
18 Dec
140d
0.69
15 Jan
168d
0.67
19 Mar
231d
0.67
17 Jun
321d
0.66
17 Sep
413d
Volatility by Strike
Balanced wings
Comparable upside calls and downside puts carry broadly similar implied volatility.
30
33
35
38
40
43
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
- 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
Retained chain100%
Implied volatility100%
Two-sided quotes100%
Open interest100%
- Chain status
- Complete available chain
- Market date
- 31 Jul 2026
- Calculation
- v2.0
- Contracts
- 700 / 700
- 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
Likely noise
There is useful activity, but aggregate chain data does not isolate participant intent.
The options read is mixed, so divergence is not strong enough to classify.
Likely noise matters because it connects the options headline to the actual evidence: $8.9M of estimated gross traded notional, puts · 91+ days · itm, 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+7
1W price+3.5%
Call premium47%
Put premium53%
Notional split
C 47% / P 53%
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
49/100
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.
Puts · 91+ days · ITM
puts cluster with 1213 contracts traded, $3.7M estimated gross traded notional, and 42% of visible notional.
$3.7M
Calls · 91+ days · OTM
calls cluster with 5453 contracts traded, $2.7M estimated gross traded notional, and 31% of visible notional.
$2.7M
Calls · 91+ days · ITM
calls cluster with 679 contracts traded, $1.1M estimated gross traded notional, and 12% of visible notional.
$1.1M
Puts · 91+ days · OTM
puts cluster with 4219 contracts traded, $750998 estimated gross traded notional, and 8% of visible notional.
$750998
Calls · 91+ days · ATM
calls cluster with 289 contracts traded, $251100 estimated gross traded notional, and 3% of visible notional.
$251100
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.
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
Close37.50
1W+3.5%
RS-47.5
Fair value-56.0%
Options pressure7
Speculation42
Volatility95
Trend fit49
Today Versus Normal
Stored-options context
30d avg - · 3/10 sessions
-
90d avg - · 3/30 sessions
-
180d avg - · 3/60 sessions
-
30d avg - · 3/10 sessions
-
90d avg - · 3/30 sessions
-
180d avg - · 3/60 sessions
-
30d avg - · 3/10 sessions
-
90d avg - · 3/30 sessions
-
180d avg - · 3/60 sessions
-
30d avg - · 3/10 sessions
-
90d avg - · 3/30 sessions
-
180d avg - · 3/60 sessions
-
Pressure Trail
Recent pressure and volatility
29 Jul 10:55
Volatility
Pressure 71
Move 16.7%
30 Jul 10:45
Volatility
Pressure 74
Move 16.7%
31 Jul 13:28
Mixed
Pressure -4
Move 16.0%
31 Jul 15:59
Mixed
Pressure 2
Move 15.9%
31 Jul 16:55
Mixed
Pressure 2
Move 15.7%
31 Jul 17:44
Mixed
Pressure 7
Move 15.7%
Strike Map
Where activity is clustering
Strike22.50
Calls · V 1 · OI 11
Puts · V 1 · OI 11
Strike25.00
Calls · V 1 · OI 1
Puts · V 1 · OI 63
Strike27.50
Calls · V 1 · OI 4
Puts · V 1 · OI 364
Strike30.00
Calls · V 1 · OI 7
Puts · V 16 · OI 6024
Strike32.50
Calls · V 41 · OI 87
Puts · V 18 · OI 1502
Strike35.00
Calls · V 6 · OI 240
Puts · V 159 · OI 1443
Strike37.50
Calls · V 38 · OI 559
Puts · V 25 · OI 3116
Strike40.00
Calls · V 39 · OI 5405
Puts · V 30 · OI 786
Term Structure
Expiration activity
Expiry21 Aug 2026
Contracts26
Avg IV0.79
Put-call1.31
Expiry18 Sep 2026
Contracts70
Avg IV0.68
Put-call0.83
Expiry20 Nov 2026
Contracts76
Avg IV1.01
Put-call2.71
Expiry18 Dec 2026
Contracts45
Avg IV0.70
Put-call2.86
Expiry15 Jan 2027
Contracts101
Avg IV0.69
Put-call0.17
Skew
Call/put IV balance
21 Aug 2026Balanced skew
Call IV0.80
Put IV0.78
Skew-0.01
18 Sep 2026Balanced skew
Call IV0.70
Put IV0.68
Skew-0.02
20 Nov 2026Call IV premium
Call IV0.73
Put IV0.67
Skew-0.06
18 Dec 2026Call IV premium
Call IV0.72
Put IV0.65
Skew-0.08
15 Jan 2027Call IV premium
Call IV0.72
Put IV0.65
Skew-0.07
Contract Tape
Most active contracts
ContractWHR270319P00120000
SidePut
Expiry19 Mar 2027
Strike120.00
Volume-
OI15
IV0.00
ContractWHR270319P00020000
SidePut
Expiry19 Mar 2027
Strike20.00
Volume-
OI11
IV0.75
ContractWHR271217P00130000
SidePut
Expiry17 Dec 2027
Strike130.00
Volume-
OI3
IV0.00
ContractWHR270319C00115000
SideCall
Expiry19 Mar 2027
Strike115.00
Volume-
OI3
IV0.97
ContractWHR270319C00032500
SideCall
Expiry19 Mar 2027
Strike32.50
Volume-
OI2
IV0.63
ContractWHR270617C00025000
SideCall
Expiry17 Jun 2027
Strike25.00
Volume-
OI2
IV0.81
ContractWHR270319C00105000
SideCall
Expiry19 Mar 2027
Strike105.00
Volume-
OI2
IV0.94
ContractWHR270917C00110000
SideCall
Expiry17 Sep 2027
Strike110.00
Volume-
OI1
IV0.84
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.