Ticker Options Intelligence

PDFS options intelligence

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

Conviction 51 Market data through 31 Jul 2026 Checked 31 Jul 2026 17:48 · complete available chain

Volatility expansion watch

Volatility pressure

PDFS currently carries volatility options pressure with a 50/100 conviction score. The nearest-chain expected move is 16.8%, with volume/open-interest participation at 0.05.

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

Volatility expansion watch

Expected move 16.8%

Wider near-term move priced

Activity / OI 0.05

Current volume is quieter versus prior open interest

Put-call 0.47

Call-side skew

Trend fit 59

Options are not fully confirming trend

Weekly backdrop -9.6%

RS 21.1

Expected move 16.8%
Put-call volume 0.47
Volume / OI 0.05
Reference IV 0.89
Max pain 40.00
Underlying 50.98
Nearest expiry 21 Aug 2026
Contracts 59

Research Brief

PDFS has a volatility chain read with 50/100 evidence alignment.

The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 42.43–59.53; The largest call open-interest concentration is 55.00; the largest put concentration is 40.00. The most active strike by current volume is 70.00.

Priced range42.43–59.53
Call concentration55.00
Put concentration40.00
Max pain reference40.00
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 42.43 to 59.53. Max pain at 40.00 lies outside the priced range, so it is a weak near-term anchor.

Spot Max pain
42.4350.98 ± 8.5559.53
Confirmation level

A close beyond 59.53 or below 42.43 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 51/100

Evidence alignment, not probability

Pressure is 48/100 toward calls; conviction uses its strength, while the signal label carries its direction.

Directional pressure48 × 42%
+20.0

How strongly activity leans toward calls or puts.

Participation25 × 22%
+5.5

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

Trend agreement59 × 26%
+15.3

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 score50.5Matches stored calculation

Positioning by Strike

Where open interest and current activity concentrate

Full strike map

The largest call open-interest concentration is 55.00; the largest put concentration is 40.00. The most active strike by current volume is 70.00. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.

Put open interestStrikeCall open interest
0
15.00-70.6%
1
0
17.50-65.7%
1
0
22.50-55.9%
0
0
25.00-51.0%
2
3
30.00-41.2%
6
10
35.00-31.3%
79
53
40.00-21.5%
156
16
45.00-11.7%
26
28
50.00-1.9%
76
17
55.007.9%
821
13
60.0017.7%
87
1
65.0027.5%
75
10
70.0037.3%
22
0
75.0047.1%
61
0
80.0056.9%
13
0
90.0076.5%
2
0
95.0086.3%
1
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.

0.89 21 Aug 21d
0.85 18 Sep 49d
0.75 20 Nov 112d
0.78 19 Feb 203d

Volatility by Strike

Upside optionality premium

Nearest expiry, within 20% of spot

Out-of-the-money calls carry higher implied volatility than comparable puts, indicating richer upside optionality.

45
50
55
60
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

A96/100
Retained chain100%
Implied volatility100%
Two-sided quotes100%
Open interest100%
Chain status
Complete available chain
Market date
31 Jul 2026
Calculation
v2.0
Contracts
59 / 59
  • 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

Earnings/event positioning

92/100
Primary intent Earnings/event positioning

Options activity is concentrated around a live event window, so the cleanest read is event positioning rather than pure direction.

Flow vs price divergence Volatility flow versus price

Options are pricing movement more than direction; compare expected move with the stock's actual weekly change.

Why this matters

Earnings/event positioning matters because it connects the options headline to the actual evidence: $105646 of estimated gross traded notional, puts · 8-21 days · itm, 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+48
1W price-9.6%
Call premium59%
Put premium41%
Notional split C 59% / P 41% Estimated gross traded notional uses volume × contract multiplier × midpoint, or last price when no valid midpoint is available.
Freshness 0.05 Volume divided by open interest across the visible chain.
Trend fit 59/100 Agreement between options pressure and Sharemaestro market context.
Event window 6 Aug Matched earnings event is 4 days away.
Aggregate chain data does not identify trade aggressor or opening versus closing activity; call/put concentration is not proof of market direction.
Conviction clusters Puts · 8-21 days · ITM
Puts · 8-21 days · ITM puts cluster with 22 contracts traded, $37715 estimated gross traded notional, and 36% of visible notional.
$37715
Calls · 91+ days · ITM calls cluster with 8 contracts traded, $23225 estimated gross traded notional, and 22% of visible notional.
$23225
Calls · 8-21 days · ITM calls cluster with 13 contracts traded, $19340 estimated gross traded notional, and 18% of visible notional.
$19340
Calls · 91+ days · OTM calls cluster with 38 contracts traded, $11645 estimated gross traded notional, and 11% of visible notional.
$11645
Calls · 91+ days · ATM calls cluster with 6 contracts traded, $5795 estimated gross traded notional, and 5% of visible notional.
$5795

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
Close46.09
1W-9.6%
RS21.1
Fair value+47.8%
Options pressure48
Speculation25
Volatility96
Trend fit59

Today Versus Normal

Stored-options context

View history
Expected move 16.8% history building
30d avg - · 3/10 sessions -
90d avg - · 3/30 sessions -
180d avg - · 3/60 sessions -
IV 0.89 history building
30d avg - · 3/10 sessions -
90d avg - · 3/30 sessions -
180d avg - · 3/60 sessions -
Put-call 0.47 history building
30d avg - · 3/10 sessions -
90d avg - · 3/30 sessions -
180d avg - · 3/60 sessions -
Volume/OI 0.05 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 11:01 Volatility
Pressure 100
Move 21.2%
30 Jul 10:50 Bullish
Pressure 21
Move 22.7%
30 Jul 15:31 Volatility
Pressure 41
Move 19.3%
30 Jul 15:47 Volatility
Pressure 41
Move 19.3%
30 Jul 19:49 Volatility
Pressure 46
Move 19.3%
31 Jul 03:05 Volatility
Pressure 100
Move 19.8%
31 Jul 14:18 Volatility
Pressure 48
Move 16.0%
31 Jul 15:40 Volatility
Pressure 48
Move 16.8%

Strike Map

Where activity is clustering

Full strike map
Strike15.00
Calls · V 0 · OI 1
Puts · V 0 · OI 0
Strike17.50
Calls · V 0 · OI 1
Puts · V 0 · OI 0
Strike22.50
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike25.00
Calls · V 1 · OI 2
Puts · V 0 · OI 0
Strike30.00
Calls · V 2 · OI 6
Puts · V 1 · OI 3
Strike35.00
Calls · V 5 · OI 79
Puts · V 6 · OI 10
Strike40.00
Calls · V 4 · OI 156
Puts · V 11 · OI 53
Strike45.00
Calls · V 1 · OI 26
Puts · V 2 · OI 16

Term Structure

Expiration activity

Volume and IV
Expiry21 Aug 2026
Contracts29
Avg IV0.89
Put-call0.83
Expiry18 Sep 2026
Contracts4
Avg IV0.85
Put-call-
Expiry20 Nov 2026
Contracts19
Avg IV0.75
Put-call0.09
Expiry19 Feb 2027
Contracts7
Avg IV0.78
Put-call-

Skew

Call/put IV balance

OTM demand
21 Aug 2026Call IV premium
Call IV0.97
Put IV0.77
Skew-0.20
18 Sep 2026Call IV premium
Call IV0.97
Put IV0.75
Skew-0.22
20 Nov 2026Call IV premium
Call IV0.87
Put IV0.02
Skew-0.86
19 Feb 2027Incomplete skew
Call IV0.81
Put IV-
Skew-

Contract Tape

Most active contracts

Full contract tape
ContractPDFS270219C00070000
SideCall
Expiry19 Feb 2027
Strike70.00
Volume-
OI4
IV0.80
ContractPDFS261120P00055000
SidePut
Expiry20 Nov 2026
Strike55.00
Volume-
OI2
IV0.78
ContractPDFS270219C00045000
SideCall
Expiry19 Feb 2027
Strike45.00
Volume-
OI1
IV0.83
ContractPDFS270219P00060000
SidePut
Expiry19 Feb 2027
Strike60.00
Volume-
OI1
IV0.50
ContractPDFS260821C00015000
SideCall
Expiry21 Aug 2026
Strike15.00
Volume-
OI1
IV0.00
ContractPDFS260821P00065000
SidePut
Expiry21 Aug 2026
Strike65.00
Volume-
OI1
IV0.00
ContractPDFS260918P00050000
SidePut
Expiry18 Sep 2026
Strike50.00
Volume-
OI1
IV0.75
ContractPDFS260918C00070000
SideCall
Expiry18 Sep 2026
Strike70.00
Volume-
OI1
IV0.97