Primary read
Bullish
Call-side pressure
Ticker Options Intelligence
ODFL options intelligence
Old Dominion Freight Line Inc options pressure, expected move, strike concentration, and Sharemaestro trend context.
Conviction
43
Market data through 31 Jul 2026
Checked 1 Aug 2026 20:36 · complete available chain
Call-side pressure
Bullish pressure
ODFL currently carries bullish options pressure with a 43/100 conviction score. The nearest-chain expected move is 7.0%, with volume/open-interest participation at 0.01.
Expected move
7.0%
Wider near-term move priced
Activity / OI
0.01
Current volume is quieter versus prior open interest
Put-call
0.57
Call-side skew
Trend fit
69
Options agree with trend context
Weekly backdrop
-8.9%
RS 8.7
Expected move
7.0%
Put-call volume
0.57
Volume / OI
0.01
Reference IV
0.38
Max pain
230.00
Underlying
212.14
Nearest expiry
21 Aug 2026
Contracts
478
Research Brief
ODFL has a bullish chain read with 43/100 evidence alignment.
The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 197.39–226.89; The largest call open-interest concentration is 250.00; the largest put concentration is 200.00. The most active strike by current volume is 210.00.
Priced range197.39–226.89
Call concentration250.00
Put concentration200.00
Max pain reference230.00
- 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 197.39 to 226.89. Max pain at 230.00 lies outside the priced range, so it is a weak near-term anchor.
Spot
Max pain
197.39212.14 ± 14.75226.89
Confirmation level
A close beyond 226.89 or below 197.39 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 43/100
Pressure is 27/100 toward calls; conviction uses its strength, while the signal label carries its direction.
Directional pressure27 × 42%
+11.3
How strongly activity leans toward calls or puts.
Participation40 × 22%
+8.8
Volume relative to existing open interest and contract-level activity.
Trend agreement69 × 26%
+17.9
How closely the chain read agrees with the underlying trend backdrop.
Volatility55 × 10%
+5.5
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 250.00; the largest put concentration is 200.00. The most active strike by current volume is 210.00. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.
Put open interestStrikeCall open interest
38
125.00-41.1%
1
35
150.00-29.3%
1
25
160.00-24.6%
16
32
165.00-22.2%
4
21
170.00-19.9%
21
103
180.00-15.2%
8
92
190.00-10.4%
4
46
195.00-8.1%
6
414
200.00-5.7%
14
199
210.00-1.0%
34
134
220.003.7%
80
355
230.008.4%
232
30
240.0013.1%
290
6
250.0017.8%
358
5
260.0022.6%
139
0
270.0027.3%
117
0
280.0032.0%
311
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.
0.38
21 Aug
21d
0.37
18 Sep
49d
0.37
16 Oct
77d
0.39
20 Nov
112d
0.38
18 Dec
140d
0.38
15 Jan
168d
Volatility by Strike
Balanced wings
Comparable upside calls and downside puts carry broadly similar implied volatility.
170
175
180
185
190
195
200
210
220
230
240
250
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
- 478 / 478
- 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 are leaning call-side while the stock is down on the week, a divergence that needs price confirmation.
Call-heavy activity with trend alignment matters because it connects the options headline to the actual evidence: $87465 of estimated gross traded notional, calls · 8-21 days · itm, and a bullish flow against weak price backdrop. Use it as a research priority signal, then validate the chart, liquidity, event calendar, and risk before acting.
Options pressure+27
1W price-8.9%
Call premium69%
Put premium31%
Notional split
C 69% / P 31%
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
69/100
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 · 8-21 days · ITM
calls cluster with 9 contracts traded, $17635 estimated gross traded notional, and 20% of visible notional.
$17635
Calls · 91+ days · ATM
calls cluster with 7 contracts traded, $14420 estimated gross traded notional, and 16% of visible notional.
$14420
Puts · 46-90 days · ITM
puts cluster with 5 contracts traded, $14170 estimated gross traded notional, and 16% of visible notional.
$14170
Calls · 46-90 days · ITM
calls cluster with 2 contracts traded, $7020 estimated gross traded notional, and 8% of visible notional.
$7020
Calls · 8-21 days · ATM
calls cluster with 8 contracts traded, $6960 estimated gross traded notional, and 8% of visible notional.
$6960
Setup Classification
Opportunity and risk frame
Positioning agrees with the Sharemaestro trend backdrop.
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
Close212.14
1W-8.9%
RS8.7
Fair value+14.6%
Options pressure27
Speculation40
Volatility55
Trend fit69
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 10:10
Bullish
Pressure 21
Move 10.1%
30 Jul 10:06
Mixed
Pressure 14
Move 8.3%
31 Jul 10:03
Bearish
Pressure -71
Move 9.9%
1 Aug 03:09
Bullish
Pressure 27
Move 9.1%
1 Aug 19:36
Bullish
Pressure 27
Move 7.0%
Strike Map
Where activity is clustering
Strike65.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike70.00
Calls · V 0 · OI 1
Puts · V 0 · OI 2
Strike75.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike80.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike85.00
Calls · V 0 · OI 0
Puts · V 0 · OI 3
Strike90.00
Calls · V 0 · OI 0
Puts · V 0 · OI 1
Strike95.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike100.00
Calls · V 0 · OI 0
Puts · V 0 · OI 2
Term Structure
Expiration activity
Expiry21 Aug 2026
Contracts86
Avg IV0.38
Put-call0.27
Expiry18 Sep 2026
Contracts52
Avg IV0.37
Put-call1.18
Expiry16 Oct 2026
Contracts90
Avg IV0.37
Put-call-
Expiry20 Nov 2026
Contracts90
Avg IV0.39
Put-call-
Expiry18 Dec 2026
Contracts84
Avg IV0.38
Put-call2.00
Skew
Call/put IV balance
21 Aug 2026Balanced skew
Call IV0.38
Put IV0.39
Skew0.01
18 Sep 2026Balanced skew
Call IV0.38
Put IV0.36
Skew-0.02
16 Oct 2026Balanced skew
Call IV0.36
Put IV0.36
Skew-
20 Nov 2026Balanced skew
Call IV0.38
Put IV0.37
Skew-0.01
18 Dec 2026Balanced skew
Call IV0.37
Put IV0.39
Skew0.02
Contract Tape
Most active contracts
ContractODFL260918P00200000
SidePut
Expiry18 Sep 2026
Strike200.00
Volume8
OI67
IV0.37
ContractODFL260821C00210000
SideCall
Expiry21 Aug 2026
Strike210.00
Volume8
OI34
IV0.37
ContractODFL261120C00210000
SideCall
Expiry20 Nov 2026
Strike210.00
Volume7
OI36
IV0.40
ContractODFL260821C00200000
SideCall
Expiry21 Aug 2026
Strike200.00
Volume7
OI14
IV0.40
ContractODFL260918C00240000
SideCall
Expiry18 Sep 2026
Strike240.00
Volume7
OI1
IV0.38
ContractODFL260918P00240000
SidePut
Expiry18 Sep 2026
Strike240.00
Volume4
OI12
IV0.37
ContractODFL260821C00230000
SideCall
Expiry21 Aug 2026
Strike230.00
Volume3
OI232
IV0.38
ContractODFL260821P00200000
SidePut
Expiry21 Aug 2026
Strike200.00
Volume2
OI414
IV0.39
Research Graph
Related research and context
Sharemaestro research
Related News
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.