Primary read
Volatility
Volatility expansion watch
Ticker Options Intelligence
TRIP options intelligence
TripAdvisor Inc options pressure, expected move, strike concentration, and Sharemaestro trend context.
Conviction
53
Market data through 29 Jul 2026
Checked 29 Jul 2026 22:01 · complete available chain
Volatility expansion watch
Volatility pressure
TRIP currently carries volatility options pressure with a 53/100 conviction score. The nearest-chain expected move is 11.9%, with volume/open-interest participation at 0.03.
Expected move
11.9%
Wider near-term move priced
Activity / OI
0.03
Current volume is quieter versus prior open interest
Put-call
0.30
Call-side skew
Trend fit
43
Options are not fully confirming trend
Weekly backdrop
-6.0%
RS -9.0
Expected move
11.9%
Put-call volume
0.30
Volume / OI
0.03
Reference IV
1.21
Max pain
3.00
Underlying
13.70
Nearest expiry
31 Jul 2026
Contracts
365
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: $2.8M of estimated gross traded notional, calls · 0-7 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+56
1W price-6.0%
Call premium95%
Put premium5%
Notional split
C 95% / P 5%
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
43/100
Agreement between options pressure and Sharemaestro market context.
Event window
6 Aug
Matched earnings event is 8 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 · 0-7 days · ITM
calls cluster with 1621 contracts traded, $1.3M estimated gross traded notional, and 48% of visible notional.
$1.3M
Calls · 91+ days · ITM
calls cluster with 864 contracts traded, $569222 estimated gross traded notional, and 20% of visible notional.
$569222
Calls · 22-45 days · ITM
calls cluster with 342 contracts traded, $257835 estimated gross traded notional, and 9% of visible notional.
$257835
Calls · 8-21 days · ITM
calls cluster with 216 contracts traded, $149408 estimated gross traded notional, and 5% of visible notional.
$149408
Calls · 22-45 days · OTM
calls cluster with 1814 contracts traded, $147457 estimated gross traded notional, and 5% of visible notional.
$147457
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.
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
Close13.70
1W-6.0%
RS-9.0
Fair value-15.1%
Options pressure56
Speculation41
Volatility96
Trend fit43
Today Versus Normal
Stored-options context
30d avg 10.7% · 1 read
100th
90d avg 10.7% · 1 read
100th
180d avg 10.7% · 1 read
100th
30d avg 0.58 · 1 read
100th
90d avg 0.58 · 1 read
100th
180d avg 0.58 · 1 read
100th
30d avg 0.08 · 1 read
100th
90d avg 0.08 · 1 read
100th
180d avg 0.08 · 1 read
100th
30d avg 0.02 · 1 read
100th
90d avg 0.02 · 1 read
100th
180d avg 0.02 · 1 read
100th
Pressure Trail
Recent pressure and volatility
29 Jul 11:11
Volatility
Pressure 87
Move 10.7%
29 Jul 21:01
Volatility
Pressure 56
Move 11.9%
Strike Map
Where activity is clustering
Strike2.00
Calls · V 58 · OI 458
Puts · V 1 · OI 32
Strike3.00
Calls · V 272 · OI 623
Puts · V 1 · OI 59
Strike4.00
Calls · V 343 · OI 549
Puts · V 2 · OI 70
Strike5.00
Calls · V 29 · OI 251
Puts · V 5 · OI 59
Strike6.00
Calls · V 7 · OI 63
Puts · V 2 · OI 58
Strike7.00
Calls · V 4 · OI 40
Puts · V 4 · OI 59
Strike8.00
Calls · V 1 · OI 17
Puts · V 1 · OI 37
Strike8.50
Calls · V 397 · OI 11
Puts · V 4 · OI 2
Term Structure
Expiration activity
Expiry31 Jul 2026
Contracts62
Avg IV1.21
Put-call0.04
Expiry7 Aug 2026
Contracts45
Avg IV1.00
Put-call0.61
Expiry14 Aug 2026
Contracts28
Avg IV0.85
Put-call0.26
Expiry21 Aug 2026
Contracts38
Avg IV0.74
Put-call0.14
Expiry28 Aug 2026
Contracts24
Avg IV0.91
Put-call0.03
Skew
Call/put IV balance
31 Jul 2026Put IV premium
Call IV0.68
Put IV0.95
Skew0.26
7 Aug 2026Balanced skew
Call IV0.90
Put IV0.85
Skew-0.05
14 Aug 2026Put IV premium
Call IV0.76
Put IV0.84
Skew0.08
21 Aug 2026Balanced skew
Call IV0.71
Put IV0.71
Skew0.00
28 Aug 2026Put IV premium
Call IV0.59
Put IV0.68
Skew0.08
Contract Tape
Most active contracts
ContractTRIP260918C00005000
SideCall
Expiry18 Sep 2026
Strike5.00
Volume-
OI310
IV0.00
ContractTRIP260821P00012500
SidePut
Expiry21 Aug 2026
Strike12.50
Volume-
OI163
IV0.79
ContractTRIP261218C00009000
SideCall
Expiry18 Dec 2026
Strike9.00
Volume-
OI120
IV1.30
ContractTRIP260821P00018000
SidePut
Expiry21 Aug 2026
Strike18.00
Volume-
OI100
IV0.71
ContractTRIP260828C00021000
SideCall
Expiry28 Aug 2026
Strike21.00
Volume-
OI55
IV1.67
ContractTRIP261218C00003000
SideCall
Expiry18 Dec 2026
Strike3.00
Volume-
OI46
IV2.32
ContractTRIP261218C00004000
SideCall
Expiry18 Dec 2026
Strike4.00
Volume-
OI43
IV1.90
ContractTRIP260814C00010000
SideCall
Expiry14 Aug 2026
Strike10.00
Volume-
OI28
IV2.11
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.