Ticker Options Intelligence

SD options intelligence

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

Conviction 38 Market data through 18 Sep 2026 Checked 18 Sep 2026 16:51 · partial chain

Call-side pressure

Bullish pressure

SD currently carries bullish options pressure with a 38/100 conviction score. The nearest-chain expected move is 7.7%, with volume/open-interest participation at 0.03.

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

Call-side pressure

Expected move 7.7%

Wider near-term move priced

Activity / OI 0.03

Current volume is quieter versus prior open interest

Put-call 0.28

Call-side skew

Trend fit 0

Options are not fully confirming trend

Weekly backdrop +2.1%

RS -5.4

Expected move 7.7%
Put-call volume 0.28
Volume / OI 0.03
Reference IV 3.35
Max pain 12.50
Underlying 14.63
Nearest expiry 18 Sep 2026
Contracts 62

Research Brief

SD has a bullish chain read with 38/100 evidence alignment.

The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 13.51–15.75; The largest call open-interest concentration is 15.00; the largest put concentration is 12.50. The most active strike by current volume is 15.00.

Priced range13.51–15.75
Call concentration15.00
Put concentration12.50
Max pain reference12.50
What would confirm it
  • Price holds or improves while call-side concentration remains elevated.
  • Participation is above the ticker's stored normal, which makes the read more noteworthy.
What would weaken it
  • 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

Size, not direction · through 18 Sep

Options imply 13.51 to 15.75. Max pain at 12.50 lies outside the priced range, so it is a weak near-term anchor.

Spot Max pain
13.5114.63 ± 1.1215.75
Confirmation level

A close beyond 15.75 or below 13.51 at the 18 Sep 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 38/100

Evidence alignment, not probability

Pressure is 65/100 toward calls; conviction uses its strength, while the signal label carries its direction.

Directional pressure65 × 42%
+27.4

How strongly activity leans toward calls or puts.

Participation9 × 22%
+1.9

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

Trend agreement0 × 26%
+0.0

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

Volatility87 × 10%
+8.7

The intensity of implied volatility and the priced move.

Reconstructed score38.0Matches stored calculation

Positioning by Strike

Where open interest and current activity concentrate

Full strike map

The largest call open-interest concentration is 15.00; the largest put concentration is 12.50. The most active strike by current volume is 15.00. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.

Put open interestStrikeCall open interest
0
2.50-82.9%
0
0
7.50-48.7%
0
600
12.50-14.6%
17
9
15.002.5%
233
0
17.5019.6%
1
0
20.0036.7%
26
Nearest spot strike Max pain strikeBars show relative OI within this expiry

Gamma Profile by Strike

Positive gamma proxy

Model-estimated Greeks · 87% coverage

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+$251,321Delta change / 1% move
Positive peak15.00+$160,012
Negative peak12.50-$12,544
Nearest balance12.99Interpolated sign change
StrikeNegativePositiveNet / 1% move
4.80-67.2%
+$2
9.80-33.0%
+$14
10.00-31.6%
+$91
12.30-15.9%
+$424
12.50-14.6%
-$12,544
14.801.2%
+$45,745
15.002.5%
+$160,012
17.3018.3%
+$17,152
17.5019.6%
+$3,650
19.8035.3%
+$20,137
20.0036.7%
+$324
22.3052.4%
+$16,212
22.5053.8%
+$29
25.0070.9%
+$14
30.00105.1%
+$60
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

6.43× front/back

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

3.35 18 Sep 0d
0.27 16 Oct 28d
0.36 15 Jan 119d
0.52 16 Apr 210d

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.

13
15
18
Put IV Call IV

Historical Replay

How matured reads behaved through expiry

12 matured · 3 directional

Across 3 stored directional transitions, the next stored price moved in the labelled direction 100% of the time.

Directional follow-through100%
Moves contained by pricing100%
Average expiry move3.6%
20 Aug Volatility · 51 2.4% through expiry 6.8% priced · v2.0
18 Aug Volatility · 54 2.4% through expiry 6.3% priced · v2.0
14 Aug Volatility · 50 2.4% through expiry 9.1% priced · v2.0
12 Aug Bullish · 45 5.4% through expiry 12.6% priced · v2.0
11 Aug Volatility · 57 5.4% through expiry 9.5% priced · v2.0
7 Aug Bullish · 49 5.4% through expiry 9.1% priced · v2.0
6 Aug Volatility · 55 3.2% through expiry 12.8% priced · v2.0
5 Aug Volatility · 51 3.2% through expiry 14.7% priced · v2.0
4 Aug Bullish · 35 3.2% through expiry 13.8% priced · v2.0
3 Aug Volatility · 54 3.2% through expiry 12.0% priced · v2.0
31 Jul Volatility · 50 3.2% through expiry 11.7% priced · v2.0
30 Jul Volatility · 50 3.9% through expiry 13.4% priced · v2.0

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

Good

B79/100
Retained chain100%
Implied volatility98%
Two-sided quotes94%
Open interest94%
Chain status
Retained chain subset
Market date
18 Sep 2026
Calculation
v2.0
Contracts
62 / 62
  • 100% of provider contracts were retained for this snapshot.

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

65/100
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 Bullish flow confirms price

Options pressure and weekly price action are pointing in the same constructive direction.

Why this matters

Multi-expiry position-maintenance candidate matters because it connects the options headline to the actual evidence: $37,644 of estimated gross traded notional, calls · 22-45 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+65
1W price+2.1%
Call premium77%
Put premium23%
Notional split C 77% / P 23% Estimated gross traded notional uses volume × contract multiplier × midpoint, or last price when no valid midpoint is available.
Freshness 0.03 Volume divided by open interest across the visible chain.
Trend fit 0/100 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 Calls · 22-45 days · ITM
Calls · 22-45 days · ITM calls cluster with 12 contracts traded, $7,090 estimated gross traded notional, and 19% of visible notional.
$7,090
Calls · 91+ days · ITM calls cluster with 10 contracts traded, $6,102 estimated gross traded notional, and 16% of visible notional.
$6,102
Calls · 22-45 days · OTM calls cluster with 132 contracts traded, $5,616 estimated gross traded notional, and 15% of visible notional.
$5,616
Calls · 0-7 days · ITM calls cluster with 7 contracts traded, $5,168 estimated gross traded notional, and 14% of visible notional.
$5,168
Puts · 22-45 days · ITM puts cluster with 20 contracts traded, $3,006 estimated gross traded notional, and 8% of visible notional.
$3,006

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.

Negative Options disagreement

Options positioning is not confirming the underlying trend context.

Activity Anomaly

Above normal

85

Activity is running above the recent historical baseline.

Baseline: 22 completed sessions

Volume rank77th
Volume/OI rank77th
IV rank100th

Market Context

Underlying confirmation

Sharemaestro weekly
Close14.63
1W+2.1%
RS-5.4
Fair value+19.6%
Options pressure65
Speculation9
Volatility87
Trend fit0

Today Versus Normal

Stored-options context

View history
Expected move 7.7% history building
30d avg - · 9/10 sessions -
90d avg - · 22/30 sessions -
180d avg - · 22/60 sessions -
IV 3.35 history building
30d avg - · 9/10 sessions -
90d avg - · 22/30 sessions -
180d avg - · 22/60 sessions -
Put-call 0.28 history building
30d avg - · 9/10 sessions -
90d avg - · 21/30 sessions -
180d avg - · 21/60 sessions -
Volume/OI 0.03 history building
30d avg - · 9/10 sessions -
90d avg - · 22/30 sessions -
180d avg - · 22/60 sessions -

Pressure Trail

Recent pressure and volatility

Open trail
29 Jul 11:25 Mixed
Pressure 8
Move 15.6%
30 Jul 11:11 Volatility
Pressure 81
Move 13.4%
31 Jul 10:45 Volatility
Pressure 100
Move 13.4%
3 Aug 11:34 Volatility
Pressure 100
Move 11.7%
3 Aug 19:54 Volatility
Pressure 95
Move 12.6%
3 Aug 22:20 Volatility
Pressure 95
Move 12.0%
4 Aug 16:35 Volatility
Pressure 97
Move 13.8%
5 Aug 09:01 Bullish
Pressure 58
Move 13.8%

Strike Map

Where activity is clustering

Full strike map
Strike2.50
Calls · V 4 · OI 0
Puts · V 0 · OI 0
Strike7.50
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike12.50
Calls · V 3 · OI 17
Puts · V 1 · OI 600
Strike15.00
Calls · V 55 · OI 233
Puts · V 0 · OI 9
Strike17.50
Calls · V 0 · OI 1
Puts · V 0 · OI 0
Strike20.00
Calls · V 26 · OI 26
Puts · V 0 · OI 0

Term Structure

Expiration activity

Volume and IV
Expiry18 Sep 2026
Contracts8
Avg IV3.35
Put-call0.01
Expiry16 Oct 2026
Contracts32
Avg IV0.27
Put-call0.16
Expiry15 Jan 2027
Contracts17
Avg IV0.36
Put-call2.20
Expiry16 Apr 2027
Contracts5
Avg IV0.52
Put-call0.04

Skew

Call/put IV balance

OTM demand
18 Sep 2026Put IV premium
Call IV1.21
Put IV2.73
Skew1.52
16 Oct 2026Put IV premium
Call IV0.06
Put IV0.13
Skew0.06
15 Jan 2027Call IV premium
Call IV0.38
Put IV0.06
Skew-0.32
16 Apr 2027Balanced skew
Call IV0.48
Put IV0.48
Skew0.00

Contract Tape

Most active contracts

Full contract tape
ContractSD261016C00029800
SideCall
Expiry16 Oct 2026
Strike29.80
Volume-
OI-
IV-
ContractSD261016P00007300
SidePut
Expiry16 Oct 2026
Strike7.30
Volume-
OI-
IV-
ContractSD261016C00034800
SideCall
Expiry16 Oct 2026
Strike34.80
Volume-
OI-
IV-
ContractSD261016P00029800
SidePut
Expiry16 Oct 2026
Strike29.80
Volume-
OI-
IV-
ContractSD260918P00015000
SidePut
Expiry18 Sep 2026
Strike15.00
Volume-
OI9
IV1.29
ContractSD270115P00012500
SidePut
Expiry15 Jan 2027
Strike12.50
Volume-
OI5
IV0.06
ContractSD270115P00009800
SidePut
Expiry15 Jan 2027
Strike9.80
Volume-
OI1
IV0.58
ContractSD260918C00017500
SideCall
Expiry18 Sep 2026
Strike17.50
Volume-
OI1
IV3.36

Evidence context