Primary read
Bullish
Call-side pressure
Ticker Options Intelligence
NTNX options intelligence
Nutanix Inc options pressure, expected move, strike concentration, and Sharemaestro trend context.
Conviction
39
Market data through 31 Jul 2026
Checked 2 Aug 2026 12:32 · complete available chain
Call-side pressure
Bullish pressure
NTNX currently carries bullish options pressure with a 39/100 conviction score. The nearest-chain expected move is 9.7%, with volume/open-interest participation at 0.01.
Expected move
9.7%
Wider near-term move priced
Activity / OI
0.01
Current volume is quieter versus prior open interest
Put-call
0.63
Call-side skew
Trend fit
67
Options agree with trend context
Weekly backdrop
+7.2%
RS 0.0
Expected move
9.7%
Put-call volume
0.63
Volume / OI
0.01
Reference IV
0.51
Max pain
47.50
Underlying
59.01
Nearest expiry
21 Aug 2026
Contracts
384
Research Brief
NTNX has a bullish chain read with 39/100 evidence alignment.
The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 53.31–64.71; The largest call open-interest concentration is 47.50; the largest put concentration is 47.50. The most active strike by current volume is 55.00.
Priced range53.31–64.71
Call concentration47.50
Put concentration47.50
Max pain reference47.50
- Price holds or improves while call-side concentration remains elevated.
- The current chain read already agrees with the stored weekly trend context.
- Price weakens while call pressure fades or reverses toward puts.
Priced Move
Where the chain says movement becomes exceptional
Options imply 53.31 to 64.71. Max pain at 47.50 lies outside the priced range, so it is a weak near-term anchor.
Spot
Max pain
53.3159.01 ± 5.7064.71
Confirmation level
A close beyond 64.71 or below 53.31 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 39/100
Pressure is 28/100 toward calls; conviction uses its strength, while the signal label carries its direction.
Directional pressure28 × 42%
+11.7
How strongly activity leans toward calls or puts.
Participation12 × 22%
+2.7
Volume relative to existing open interest and contract-level activity.
Trend agreement67 × 26%
+17.4
How closely the chain read agrees with the underlying trend backdrop.
Volatility74 × 10%
+7.4
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 47.50; the largest put concentration is 47.50. The most active strike by current volume is 55.00. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.
Put open interestStrikeCall open interest
0
30.00-49.2%
5
0
32.50-44.9%
0
0
35.00-40.7%
0
2
37.50-36.5%
0
24
40.00-32.2%
1
22
42.50-28.0%
4
73
45.00-23.7%
0
598
47.50-19.5%
2584
212
50.00-15.3%
261
81
52.50-11.0%
111
41
55.00-6.8%
613
30
57.50-2.6%
99
29
60.001.7%
1025
0
62.505.9%
322
20
65.0010.2%
541
0
67.5014.4%
0
0
70.0018.6%
259
Nearest spot strike Max pain strikeBars show relative OI within this expiry
Volatility Curve
Balanced volatility curve
Near- and longer-dated implied volatility are broadly aligned; no exceptional front-expiry premium is visible.
0.51
21 Aug
21d
0.62
18 Sep
49d
0.58
16 Oct
77d
0.58
15 Jan
168d
0.59
21 Jan
539d
0.57
16 Jun
686d
0.57
15 Dec
868d
Volatility by Strike
Balanced wings
Comparable upside calls and downside puts carry broadly similar implied volatility.
48
50
53
55
58
60
63
65
68
70
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
- 384 / 384
- 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-heavy activity with trend alignment
Call concentration and the underlying trend align, but aggregate volume cannot establish whether calls were bought or sold.
Options pressure and weekly price action are pointing in the same constructive direction.
Call-heavy activity with trend alignment matters because it connects the options headline to the actual evidence: $370568 of estimated gross traded notional, calls · 91+ days · itm, 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+28
1W price+7.2%
Call premium93%
Put premium7%
Notional split
C 93% / P 7%
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
67/100
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 · 91+ days · ITM
calls cluster with 160 contracts traded, $248795 estimated gross traded notional, and 67% of visible notional.
$248795
Calls · 91+ days · OTM
calls cluster with 54 contracts traded, $31600 estimated gross traded notional, and 9% of visible notional.
$31600
Calls · 8-21 days · ITM
calls cluster with 52 contracts traded, $27655 estimated gross traded notional, and 7% of visible notional.
$27655
Calls · 46-90 days · ATM
calls cluster with 37 contracts traded, $18315 estimated gross traded notional, and 5% of visible notional.
$18315
Puts · 46-90 days · OTM
puts cluster with 34 contracts traded, $12070 estimated gross traded notional, and 3% of visible notional.
$12070
Setup Classification
Opportunity and risk frame
Positioning agrees with the Sharemaestro trend backdrop.
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
Close59.01
1W+7.2%
RS0.0
Fair value+3.3%
Options pressure28
Speculation12
Volatility74
Trend fit67
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 10:24
Volatility
Pressure 94
Move 12.2%
30 Jul 10:20
Volatility
Pressure 89
Move 12.6%
31 Jul 10:10
Mixed
Pressure 9
Move 11.9%
31 Jul 17:29
Volatility
Pressure 55
Move 12.0%
1 Aug 02:29
Bullish
Pressure 28
Move 11.9%
2 Aug 11:32
Bullish
Pressure 28
Move 9.7%
Strike Map
Where activity is clustering
Strike30.00
Calls · V 0 · OI 5
Puts · V 0 · OI 0
Strike32.50
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike35.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike37.50
Calls · V 0 · OI 0
Puts · V 0 · OI 2
Strike40.00
Calls · V 0 · OI 1
Puts · V 0 · OI 24
Strike42.50
Calls · V 0 · OI 4
Puts · V 0 · OI 22
Strike45.00
Calls · V 0 · OI 0
Puts · V 0 · OI 73
Strike47.50
Calls · V 0 · OI 2584
Puts · V 0 · OI 598
Term Structure
Expiration activity
Expiry21 Aug 2026
Contracts34
Avg IV0.51
Put-call0.04
Expiry18 Sep 2026
Contracts72
Avg IV0.62
Put-call0.20
Expiry16 Oct 2026
Contracts50
Avg IV0.58
Put-call32.00
Expiry15 Jan 2027
Contracts72
Avg IV0.58
Put-call0.85
Expiry21 Jan 2028
Contracts72
Avg IV0.59
Put-call-
Skew
Call/put IV balance
21 Aug 2026Balanced skew
Call IV0.50
Put IV0.51
Skew0.01
18 Sep 2026Balanced skew
Call IV0.64
Put IV0.65
Skew0.01
16 Oct 2026Balanced skew
Call IV0.58
Put IV0.56
Skew-0.02
15 Jan 2027Balanced skew
Call IV0.58
Put IV0.57
Skew-0.01
21 Jan 2028Balanced skew
Call IV0.57
Put IV0.59
Skew0.02
Contract Tape
Most active contracts
ContractNTNX270115C00050000
SideCall
Expiry15 Jan 2027
Strike50.00
Volume152
OI407
IV0.61
ContractNTNX270115P00027500
SidePut
Expiry15 Jan 2027
Strike27.50
Volume150
OI331
IV0.64
ContractNTNX260821C00055000
SideCall
Expiry21 Aug 2026
Strike55.00
Volume51
OI613
IV0.52
ContractNTNX260918C00060000
SideCall
Expiry18 Sep 2026
Strike60.00
Volume37
OI3302
IV0.61
ContractNTNX270115C00070000
SideCall
Expiry15 Jan 2027
Strike70.00
Volume30
OI3120
IV0.57
ContractNTNX261016P00055000
SidePut
Expiry16 Oct 2026
Strike55.00
Volume29
OI33
IV0.56
ContractNTNX260821C00060000
SideCall
Expiry21 Aug 2026
Strike60.00
Volume24
OI1025
IV0.51
ContractNTNX270115C00080000
SideCall
Expiry15 Jan 2027
Strike80.00
Volume13
OI9323
IV0.57
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
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.