Primary read
Volatility
Volatility expansion watch
Ticker Options Intelligence
FIG options intelligence
Figma, Inc. options pressure, expected move, strike concentration, and Sharemaestro trend context.
Conviction
55
Market data through 29 Jul 2026
Checked 30 Jul 2026 03:44 · complete available chain
Volatility expansion watch
Volatility pressure
FIG currently carries volatility options pressure with a 55/100 conviction score. The nearest-chain expected move is 19.3%, with volume/open-interest participation at 0.13.
Expected move
19.3%
Wider near-term move priced
Activity / OI
0.13
Current volume is quieter versus prior open interest
Put-call
0.13
Call-side skew
Trend fit
0
Options are not fully confirming trend
Weekly backdrop
-11.8%
RS -48.6
Expected move
19.3%
Put-call volume
0.13
Volume / OI
0.13
Reference IV
1.58
Max pain
22.00
Underlying
21.12
Nearest expiry
31 Jul 2026
Contracts
487
Options Intent Radar
Earnings/event positioning
Options activity is concentrated around a live event window, so the cleanest read is event positioning rather than pure direction.
Options are pricing movement more than direction; compare expected move with the stock's actual weekly change.
Earnings/event positioning matters because it connects the options headline to the actual evidence: $12.8M of estimated gross traded notional, calls · 22-45 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+85
1W price-11.8%
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
0.13
Volume divided by open interest across the visible chain.
Trend fit
0/100
Agreement between options pressure and Sharemaestro market context.
Event window
5 Aug
Matched earnings event is 6 days away.
Aggregate chain data does not identify trade aggressor or opening versus closing activity; call/put concentration is not proof of market direction.
Calls · 22-45 days · ITM
calls cluster with 2588 contracts traded, $2.6M estimated gross traded notional, and 20% of visible notional.
$2.6M
Calls · 91+ days · ITM
calls cluster with 1639 contracts traded, $1.6M estimated gross traded notional, and 12% of visible notional.
$1.6M
Calls · 91+ days · OTM
calls cluster with 3015 contracts traded, $1.5M estimated gross traded notional, and 12% of visible notional.
$1.5M
Puts · 91+ days · ITM
puts cluster with 732 contracts traded, $1.5M estimated gross traded notional, and 11% of visible notional.
$1.5M
Calls · 22-45 days · OTM
calls cluster with 7934 contracts traded, $1.2M estimated gross traded notional, and 9% of visible notional.
$1.2M
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.
Options positioning is not confirming the underlying trend context.
Activity Anomaly
High anomaly
Current options activity is unusually hot versus this ticker's stored history.
Volume rank100th
Volume/OI rank100th
IV rank100th
Market Context
Underlying confirmation
Close21.12
1W-11.8%
RS-48.6
Fair value-43.2%
Options pressure85
Speculation43
Volatility96
Trend fit0
Today Versus Normal
Stored-options context
30d avg 15.6% · 1 read
100th
90d avg 15.6% · 1 read
100th
180d avg 15.6% · 1 read
100th
30d avg 0.76 · 1 read
100th
90d avg 0.76 · 1 read
100th
180d avg 0.76 · 1 read
100th
30d avg 0.28 · 1 read
0th
90d avg 0.28 · 1 read
0th
180d avg 0.28 · 1 read
0th
30d avg 0.09 · 1 read
100th
90d avg 0.09 · 1 read
100th
180d avg 0.09 · 1 read
100th
Pressure Trail
Recent pressure and volatility
29 Jul 10:23
Volatility
Pressure 63
Move 15.6%
30 Jul 02:44
Volatility
Pressure 85
Move 19.3%
Strike Map
Where activity is clustering
Strike11.00
Calls · V 1 · OI 22
Puts · V 1 · OI 1
Strike12.00
Calls · V 10 · OI 19
Puts · V 1 · OI 278
Strike13.00
Calls · V 7 · OI 18
Puts · V 1 · OI 78
Strike14.00
Calls · V 7 · OI 21
Puts · V 1 · OI 47
Strike15.00
Calls · V 8 · OI 46
Puts · V 5 · OI 167
Strike15.50
Calls · V 0 · OI 0
Puts · V 1 · OI 60
Strike16.00
Calls · V 13 · OI 13
Puts · V 4 · OI 160
Strike16.50
Calls · V 3 · OI 57
Puts · V 4 · OI 921
Term Structure
Expiration activity
Expiry31 Jul 2026
Contracts75
Avg IV1.58
Put-call0.05
Expiry7 Aug 2026
Contracts69
Avg IV1.60
Put-call0.28
Expiry14 Aug 2026
Contracts47
Avg IV1.34
Put-call1.72
Expiry21 Aug 2026
Contracts66
Avg IV1.18
Put-call0.09
Expiry28 Aug 2026
Contracts50
Avg IV1.16
Put-call1.00
Skew
Call/put IV balance
31 Jul 2026Put IV premium
Call IV0.97
Put IV1.72
Skew0.75
7 Aug 2026Call IV premium
Call IV1.62
Put IV1.40
Skew-0.22
14 Aug 2026Put IV premium
Call IV1.32
Put IV1.47
Skew0.15
21 Aug 2026Call IV premium
Call IV1.23
Put IV1.16
Skew-0.06
28 Aug 2026Balanced skew
Call IV1.15
Put IV1.20
Skew0.05
Contract Tape
Most active contracts
ContractFIG260828C00019500
SideCall
Expiry28 Aug 2026
Strike19.50
Volume-
OI52
IV1.30
ContractFIG260828P00013000
SidePut
Expiry28 Aug 2026
Strike13.00
Volume-
OI30
IV1.72
ContractFIG260828P00012000
SidePut
Expiry28 Aug 2026
Strike12.00
Volume-
OI30
IV2.27
ContractFIG260828C00020500
SideCall
Expiry28 Aug 2026
Strike20.50
Volume-
OI29
IV1.37
ContractFIG260821P00005000
SidePut
Expiry21 Aug 2026
Strike5.00
Volume-
OI10
IV6.07
ContractFIG260807P00013500
SidePut
Expiry7 Aug 2026
Strike13.50
Volume-
OI10
IV5.50
ContractFIG261016P00002500
SidePut
Expiry16 Oct 2026
Strike2.50
Volume-
OI10
IV5.07
ContractFIG260821P00029000
SidePut
Expiry21 Aug 2026
Strike29.00
Volume-
OI9
IV1.33
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.