Ticker Options Intelligence

KHC options intelligence

Kraft Heinz Co options pressure, expected move, strike concentration, and Sharemaestro trend context.

Conviction 54 Market data through 30 Jul 2026 Checked 31 Jul 2026 11:05 · complete available chain

Call-side pressure

Bullish pressure

KHC currently carries bullish options pressure with a 54/100 conviction score. The nearest-chain expected move is 3.0%, with volume/open-interest participation at 0.11.

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

Call-side pressure

Expected move 3.0%

Near-term move context

Activity / OI 0.11

Current volume is quieter versus prior open interest

Put-call 0.12

Call-side skew

Trend fit 18

Options are not fully confirming trend

Weekly backdrop +0.7%

RS -1.1

Expected move 3.0%
Put-call volume 0.12
Volume / OI 0.11
Reference IV 0.45
Max pain 25.00
Underlying 25.67
Nearest expiry 31 Jul 2026
Contracts 604

Research Brief

KHC has a bullish chain read with 54/100 evidence alignment.

The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 24.90–26.44; The largest call open-interest concentration is 26.50; the largest put concentration is 25.00. The most active strike by current volume is 26.00.

Priced range24.90–26.44
Call concentration26.50
Put concentration25.00
Max pain reference25.00
What would confirm it
  • Price holds or improves while call-side concentration remains elevated.
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 31 Jul

Options imply 24.90 to 26.44. Max pain at 25.00 sits inside that range, 2.6% below spot.

Spot Max pain
24.9025.67 ± 0.7726.44
Confirmation level

A close beyond 26.44 or below 24.90 at the 31 Jul 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 54/100

Evidence alignment, not probability

Pressure is 85/100 toward calls; conviction uses its strength, while the signal label carries its direction.

Directional pressure85 × 42%
+35.8

How strongly activity leans toward calls or puts.

Participation43 × 22%
+9.4

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

Trend agreement18 × 26%
+4.6

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

Volatility43 × 10%
+4.3

The intensity of implied volatility and the priced move.

Reconstructed score54.0Matches stored calculation

Positioning by Strike

Where open interest and current activity concentrate

Full strike map

The largest call open-interest concentration is 26.50; the largest put concentration is 25.00. The most active strike by current volume is 26.00. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.

Put open interestStrikeCall open interest
77
21.00-18.2%
17
326
21.50-16.2%
13
90
22.00-14.3%
8
587
22.50-12.3%
27
336
23.00-10.4%
80
56
23.50-8.5%
165
224
24.00-6.5%
217
149
24.50-4.6%
849
636
25.00-2.6%
810
597
25.50-0.7%
671
213
26.001.3%
21237
188
26.503.2%
23518
126
27.005.2%
958
26
27.507.1%
1168
35
28.009.1%
456
1
28.5011.0%
1025
2
29.0013.0%
118
Nearest spot strike Max pain strikeBars show relative OI within this expiry

Volatility Curve

Front-loaded volatility

1.48× front/back

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

0.45 31 Jul 1d
0.39 7 Aug 8d
0.37 14 Aug 15d
0.32 21 Aug 22d
0.33 28 Aug 29d
0.32 4 Sep 36d
0.13 11 Sep 43d
0.34 18 Sep 50d

Volatility by Strike

Downside protection premium

Nearest expiry, within 20% of spot

Out-of-the-money puts carry higher implied volatility than comparable calls, indicating richer downside protection.

21
22
22
23
23
24
24
25
25
26
26
27
27
28
28
29
29
30
30
31
Put IV Call IV

Historical Replay

How matured reads behaved through expiry

0 directional observations

Forward validation is building. The earliest eligible stored read expires 31 Jul 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

Usable with limits

C69/100
Retained chain100%
Implied volatility100%
Two-sided quotes100%
Open interest100%
Chain status
Complete available chain
Market date
30 Jul 2026
Calculation
v2.0
Contracts
604 / 604
  • 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

Earnings/event positioning

80/100
Primary intent Earnings/event positioning

Options activity is concentrated around a live event window, so the cleanest read is event positioning rather than pure direction.

Flow vs price divergence Bullish flow before price confirmation

Call-side pressure is building before a meaningful weekly price response.

Why this matters

Earnings/event positioning matters because it connects the options headline to the actual evidence: $2.3M of estimated gross traded notional, calls · 0-7 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+85
1W price+0.7%
Call premium86%
Put premium14%
Notional split C 86% / P 14% Estimated gross traded notional uses volume × contract multiplier × midpoint, or last price when no valid midpoint is available.
Freshness 0.11 Volume divided by open interest across the visible chain.
Trend fit 18/100 Agreement between options pressure and Sharemaestro market context.
Event window 5 Aug Matched earnings event is 4 days away.
Aggregate chain data does not identify trade aggressor or opening versus closing activity; call/put concentration is not proof of market direction.
Conviction clusters Calls · 0-7 days · ATM
Calls · 0-7 days · ATM calls cluster with 18109 contracts traded, $873432 estimated gross traded notional, and 39% of visible notional.
$873432
Calls · 0-7 days · OTM calls cluster with 19086 contracts traded, $388004 estimated gross traded notional, and 17% of visible notional.
$388004
Calls · 91+ days · ITM calls cluster with 470 contracts traded, $325806 estimated gross traded notional, and 14% of visible notional.
$325806
Calls · 0-7 days · ITM calls cluster with 309 contracts traded, $107536 estimated gross traded notional, and 5% of visible notional.
$107536
Calls · 91+ days · OTM calls cluster with 1106 contracts traded, $103920 estimated gross traded notional, and 5% of visible notional.
$103920

Setup Classification

Opportunity and risk frame

Context, not advice
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

Warming up

-

2 of 10 completed market sessions are available. More session history is needed before activity can be compared with a reliable normal.

Baseline: 2 completed sessions

Volume rank-
Volume/OI rank-
IV rank-

Market Context

Underlying confirmation

Sharemaestro weekly
Close25.85
1W+0.7%
RS-1.1
Fair value-5.8%
Options pressure85
Speculation43
Volatility43
Trend fit18

Today Versus Normal

Stored-options context

View history
Expected move 3.0% history building
30d avg - · 2/10 sessions -
90d avg - · 2/30 sessions -
180d avg - · 2/60 sessions -
IV 0.45 history building
30d avg - · 2/10 sessions -
90d avg - · 2/30 sessions -
180d avg - · 2/60 sessions -
Put-call 0.12 history building
30d avg - · 2/10 sessions -
90d avg - · 2/30 sessions -
180d avg - · 2/60 sessions -
Volume/OI 0.11 history building
30d avg - · 2/10 sessions -
90d avg - · 2/30 sessions -
180d avg - · 2/60 sessions -

Pressure Trail

Recent pressure and volatility

Open trail
29 Jul 10:14 Volatility
Pressure 54
Move 8.7%
30 Jul 10:10 Volatility
Pressure 80
Move 8.6%
31 Jul 10:05 Bullish
Pressure 85
Move 3.0%

Strike Map

Where activity is clustering

Full strike map
Strike15.00
Calls · V 12 · OI 11
Puts · V 0 · OI 3
Strike16.00
Calls · V 8 · OI 4
Puts · V 0 · OI 4
Strike17.00
Calls · V 8 · OI 7
Puts · V 0 · OI 2
Strike18.00
Calls · V 5 · OI 9
Puts · V 0 · OI 3
Strike18.50
Calls · V 1 · OI 6
Puts · V 0 · OI 1
Strike19.00
Calls · V 3 · OI 23
Puts · V 0 · OI 8
Strike19.50
Calls · V 1 · OI 27
Puts · V 0 · OI 53
Strike20.00
Calls · V 3 · OI 8
Puts · V 0 · OI 20

Term Structure

Expiration activity

Volume and IV
Expiry31 Jul 2026
Contracts62
Avg IV0.45
Put-call0.01
Expiry7 Aug 2026
Contracts64
Avg IV0.39
Put-call0.23
Expiry14 Aug 2026
Contracts64
Avg IV0.37
Put-call2.81
Expiry21 Aug 2026
Contracts66
Avg IV0.32
Put-call0.29
Expiry28 Aug 2026
Contracts62
Avg IV0.33
Put-call0.20

Skew

Call/put IV balance

OTM demand
31 Jul 2026Call IV premium
Call IV1.10
Put IV0.39
Skew-0.71
7 Aug 2026Call IV premium
Call IV0.43
Put IV0.38
Skew-0.06
14 Aug 2026Put IV premium
Call IV0.38
Put IV0.49
Skew0.12
21 Aug 2026Balanced skew
Call IV0.35
Put IV0.36
Skew0.01
28 Aug 2026Balanced skew
Call IV0.35
Put IV0.34
Skew-0.01

Contract Tape

Most active contracts

Full contract tape
ContractKHC260731C00026000
SideCall
Expiry31 Jul 2026
Strike26.00
Volume17984
OI21237
IV0.44
ContractKHC260731C00026500
SideCall
Expiry31 Jul 2026
Strike26.50
Volume17571
OI23518
IV0.46
ContractKHC260918P00020000
SidePut
Expiry18 Sep 2026
Strike20.00
Volume2192
OI8679
IV0.46
ContractKHC260821C00027500
SideCall
Expiry21 Aug 2026
Strike27.50
Volume1148
OI5113
IV0.35
ContractKHC260807C00027000
SideCall
Expiry7 Aug 2026
Strike27.00
Volume614
OI489
IV0.42
ContractKHC280121C00040000
SideCall
Expiry21 Jan 2028
Strike40.00
Volume216
OI1564
IV0.27
ContractKHC260807C00028500
SideCall
Expiry7 Aug 2026
Strike28.50
Volume184
OI17647
IV0.45
ContractKHC261016P00025000
SidePut
Expiry16 Oct 2026
Strike25.00
Volume173
OI980
IV0.34