Primary read
Bullish
Call-side pressure
Ticker Options Intelligence
NKE options intelligence
Nike Inc options pressure, expected move, strike concentration, and Sharemaestro trend context.
Conviction
34
Market data through 11 Aug 2026
Checked 12 Aug 2026 11:24 · complete available chain
Call-side pressure
Bullish pressure
NKE currently carries bullish options pressure with a 34/100 conviction score. The nearest-chain expected move is 2.6%, with volume/open-interest participation at 0.06.
Expected move
2.6%
Near-term move context
Activity / OI
0.06
Current volume is quieter versus prior open interest
Put-call
0.54
Call-side skew
Trend fit
30
Options are not fully confirming trend
Weekly backdrop
-0.0%
RS -34.9
Expected move
2.6%
Put-call volume
0.54
Volume / OI
0.06
Reference IV
0.38
Max pain
42.00
Underlying
41.70
Nearest expiry
14 Aug 2026
Contracts
1030
Research Brief
NKE has a bullish chain read with 34/100 evidence alignment.
The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 40.63–42.77; The largest call open-interest concentration is 45.00; the largest put concentration is 41.00. The most active strike by current volume is 41.00.
Priced range40.63–42.77
Call concentration45.00
Put concentration41.00
Max pain reference42.00
- Price holds or improves while call-side concentration remains elevated.
- Participation is above the ticker's stored normal, which makes the read more noteworthy.
- Price weakens while call pressure fades or reverses toward puts.
- Options and the weekly trend are not yet giving the same message.
Priced Move
Where the chain says movement becomes exceptional
Options imply 40.63 to 42.77. Max pain at 42.00 sits inside that range, 0.7% above spot.
Spot
Max pain
40.6341.70 ± 1.0742.77
Confirmation level
A close beyond 42.77 or below 40.63 at the 14 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 34/100
Pressure is 31/100 toward calls; conviction uses its strength, while the signal label carries its direction.
Directional pressure31 × 42%
+13.2
How strongly activity leans toward calls or puts.
Participation41 × 22%
+9.1
Volume relative to existing open interest and contract-level activity.
Trend agreement30 × 26%
+7.9
How closely the chain read agrees with the underlying trend backdrop.
Volatility37 × 10%
+3.7
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 45.00; the largest put concentration is 41.00. The most active strike by current volume is 41.00. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.
Put open interestStrikeCall open interest
991
39.00-6.5%
11
1374
39.50-5.3%
13
2708
40.00-4.1%
106
1364
40.50-2.9%
12
12557
41.00-1.7%
558
1391
41.50-0.5%
676
1265
42.000.7%
1611
1251
42.501.9%
2402
222
43.003.1%
3254
62
43.504.3%
2130
120
44.005.5%
1779
4
44.506.7%
1510
162
45.007.9%
3981
1
45.509.1%
371
44
46.0010.3%
1398
0
47.0012.7%
393
1
50.0019.9%
1196
Nearest spot strike Max pain strikeBars show relative OI within this expiry
Gamma Profile by Strike
Balanced gamma proxy
Call- and put-side gamma sensitivity is broadly balanced across the retained chain. Individual strike concentrations may still matter more than the chain-wide net.
Net profile-$17.6MDelta change / 1% move
Positive peak45.00+$11.2M
Negative peak40.00-$22.7M
Nearest balance41.66Interpolated sign change
StrikeNegativePositiveNet / 1% move
37.00-11.3%
-$190,896
37.50-10.1%
-$3.6M
38.00-8.9%
-$381,808
38.50-7.7%
-$40,836
39.00-6.5%
-$1.0M
39.50-5.3%
-$784,062
40.00-4.1%
-$22.7M
40.50-2.9%
-$754,383
41.00-1.7%
-$6.4M
41.50-0.5%
-$513,388
42.000.7%
+$1.1M
42.501.9%
-$650,859
43.003.1%
+$384,002
43.504.3%
+$585,211
44.005.5%
+$738,378
44.506.7%
+$259,049
45.007.9%
+$11.2M
45.509.1%
+$85,436
46.0010.3%
+$248,309
46.5011.5%
+$28,467
47.0012.7%
+$106,234
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
Balanced volatility curve
Near- and longer-dated implied volatility are broadly aligned; no exceptional front-expiry premium is visible.
0.38
14 Aug
3d
0.34
21 Aug
10d
0.33
28 Aug
17d
0.35
4 Sep
24d
0.34
11 Sep
31d
0.35
18 Sep
38d
0.35
25 Sep
45d
0.43
16 Oct
66d
Volatility by Strike
Upside optionality premium
Out-of-the-money calls carry higher implied volatility than comparable puts, indicating richer upside optionality.
34
35
37
38
39
39
40
41
41
42
43
43
44
45
46
46
47
48
48
49
50
Put IV Call IV
Historical Replay
How matured reads behaved through expiry
Across 3 stored directional transitions, the next stored price moved in the labelled direction 33% of the time.
Directional follow-through33%
Moves contained by pricing100%
Average expiry move0.0%
6 Aug
Mixed · 31
0.0% through expiry
1.9% priced · v2.0
5 Aug
Bullish · 35
0.0% through expiry
3.1% priced · v2.0
4 Aug
Bullish · 36
0.0% through expiry
3.0% priced · v2.0
3 Aug
Mixed · 31
0.0% through expiry
4.1% priced · v2.0
31 Jul
Mixed · 31
0.0% through expiry
3.9% priced · v2.0
30 Jul
Bullish · 36
0.0% through expiry
2.5% 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
Usable with limits
Retained chain100%
Implied volatility100%
Two-sided quotes100%
Open interest100%
- Chain status
- Complete available chain
- Market date
- 11 Aug 2026
- Calculation
- v2.0
- Contracts
- 1030 / 1030
- 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
Short-dated OTM call concentration
Call activity is concentrated in upside and shorter-dated contracts; trade direction remains unconfirmed without aggressor data.
Call-side pressure is building before a meaningful weekly price response.
Short-dated OTM call concentration matters because it connects the options headline to the actual evidence: $18.8M of estimated gross traded notional, calls · 91+ days · atm, and a bullish flow before price confirmation backdrop. Use it as a research priority signal, then validate the chart, liquidity, event calendar, and risk before acting.
Options pressure+31
1W price-0.0%
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
0.06
Volume divided by open interest across the visible chain.
Trend fit
30/100
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 · 91+ days · ATM
calls cluster with 8552 contracts traded, $4.0M estimated gross traded notional, and 21% of visible notional.
$4.0M
Puts · 91+ days · OTM
puts cluster with 9961 contracts traded, $3.5M estimated gross traded notional, and 19% of visible notional.
$3.5M
Calls · 91+ days · OTM
calls cluster with 12594 contracts traded, $2.7M estimated gross traded notional, and 14% of visible notional.
$2.7M
Puts · 91+ days · ITM
puts cluster with 914 contracts traded, $1.0M estimated gross traded notional, and 6% of visible notional.
$1.0M
Puts · 22-45 days · OTM
puts cluster with 10039 contracts traded, $884,016 estimated gross traded notional, and 5% of visible notional.
$884,016
Setup Classification
Opportunity and risk frame
Options positioning is not confirming the underlying trend context.
Underlying price is close to the max-pain zone.
Activity Anomaly
Above normal
Activity is running above the recent historical baseline.
Baseline: 10 completed sessions
Volume rank90th
Volume/OI rank90th
IV rank30th
Market Context
Underlying confirmation
Close41.70
1W-0.0%
RS-34.9
Fair value-42.6%
Options pressure31
Speculation41
Volatility37
Trend fit30
Today Versus Normal
Stored-options context
30d avg 3.5% · 10 sessions
20th
90d avg - · 10/30 sessions
-
180d avg - · 10/60 sessions
-
30d avg 0.40 · 10 sessions
30th
90d avg - · 10/30 sessions
-
180d avg - · 10/60 sessions
-
30d avg 0.67 · 10 sessions
60th
90d avg - · 10/30 sessions
-
180d avg - · 10/60 sessions
-
30d avg 0.04 · 10 sessions
90th
90d avg - · 10/30 sessions
-
180d avg - · 10/60 sessions
-
Pressure Trail
Recent pressure and volatility
29 Jul 10:05
Bullish
Pressure 41
Move 4.4%
30 Jul 10:04
Bullish
Pressure 37
Move 4.6%
31 Jul 10:02
Bullish
Pressure 42
Move 2.5%
2 Aug 19:46
Mixed
Pressure -3
Move 3.9%
4 Aug 10:01
Mixed
Pressure 2
Move 4.1%
5 Aug 10:04
Bullish
Pressure 39
Move 3.0%
6 Aug 10:03
Bullish
Pressure 35
Move 3.1%
7 Aug 10:24
Mixed
Pressure 11
Move 1.9%
Strike Map
Where activity is clustering
Strike25.00
Calls · V 4 · OI 1
Puts · V 3 · OI 6
Strike30.00
Calls · V 0 · OI 2
Puts · V 0 · OI 13
Strike32.00
Calls · V 5 · OI 1
Puts · V 0 · OI 4
Strike33.00
Calls · V 5 · OI 0
Puts · V 2 · OI 0
Strike34.00
Calls · V 2 · OI 0
Puts · V 0 · OI 14
Strike35.00
Calls · V 5 · OI 33
Puts · V 0 · OI 80
Strike36.00
Calls · V 1 · OI 26
Puts · V 1 · OI 27
Strike37.00
Calls · V 0 · OI 15
Puts · V 7 · OI 138
Term Structure
Expiration activity
Expiry14 Aug 2026
Contracts78
Avg IV0.38
Put-call0.44
Expiry21 Aug 2026
Contracts90
Avg IV0.34
Put-call0.56
Expiry28 Aug 2026
Contracts76
Avg IV0.33
Put-call0.61
Expiry4 Sep 2026
Contracts52
Avg IV0.35
Put-call5.11
Expiry11 Sep 2026
Contracts52
Avg IV0.34
Put-call1.42
Skew
Call/put IV balance
14 Aug 2026Balanced skew
Call IV0.37
Put IV0.37
Skew-
21 Aug 2026Balanced skew
Call IV0.35
Put IV0.34
Skew-0.01
28 Aug 2026Balanced skew
Call IV0.34
Put IV0.34
Skew-
4 Sep 2026Balanced skew
Call IV0.33
Put IV0.37
Skew0.04
11 Sep 2026Balanced skew
Call IV0.32
Put IV0.37
Skew0.05
Contract Tape
Most active contracts
ContractNKE260918C00045000
SideCall
Expiry18 Sep 2026
Strike45.00
Volume8644
OI89591
IV0.33
ContractNKE270115C00042500
SideCall
Expiry15 Jan 2027
Strike42.50
Volume5970
OI3943
IV0.40
ContractNKE260814C00041500
SideCall
Expiry14 Aug 2026
Strike41.50
Volume4356
OI676
IV0.36
ContractNKE261218P00040000
SidePut
Expiry18 Dec 2026
Strike40.00
Volume4256
OI8264
IV0.44
ContractNKE260821P00040000
SidePut
Expiry21 Aug 2026
Strike40.00
Volume3765
OI17982
IV0.34
ContractNKE260814C00042000
SideCall
Expiry14 Aug 2026
Strike42.00
Volume3685
OI1611
IV0.37
ContractNKE260821C00045000
SideCall
Expiry21 Aug 2026
Strike45.00
Volume3593
OI21443
IV0.36
ContractNKE260814C00041000
SideCall
Expiry14 Aug 2026
Strike41.00
Volume3483
OI558
IV0.36
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.