Primary read
Volatility
Volatility expansion watch
Ticker Options Intelligence
WT options intelligence
WisdomTree Inc. options pressure, expected move, strike concentration, and Sharemaestro trend context.
Conviction
50
Market data through 31 Jul 2026
Checked 1 Aug 2026 00:27 · complete available chain
Volatility expansion watch
Volatility pressure
WT currently carries volatility options pressure with a 50/100 conviction score. The nearest-chain expected move is 8.6%, with volume/open-interest participation at 0.01.
Expected move
8.6%
Wider near-term move priced
Activity / OI
0.01
Current volume is quieter versus prior open interest
Put-call
0.13
Call-side skew
Trend fit
11
Options are not fully confirming trend
Weekly backdrop
-3.0%
RS 20.6
Expected move
8.6%
Put-call volume
0.13
Volume / OI
0.01
Reference IV
0.66
Max pain
20.00
Underlying
19.45
Nearest expiry
21 Aug 2026
Contracts
52
Research Brief
WT has a volatility chain read with 50/100 evidence alignment.
The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 17.78–21.12; The largest call open-interest concentration is 20.00; the largest put concentration is 20.00. The most active strike by current volume is 20.00.
Priced range17.78–21.12
Call concentration20.00
Put concentration20.00
Max pain reference20.00
- A clear directional pressure reading develops and price begins to agree.
- Volatility falls and the chain remains directionally mixed.
- 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
Options imply 17.78 to 21.12. Max pain at 20.00 sits inside that range, 2.8% above spot.
Spot
Max pain
17.7819.45 ± 1.6721.12
Confirmation level
A close beyond 21.12 or below 17.78 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 50/100
Pressure is 88/100 toward calls; conviction uses its strength, while the signal label carries its direction.
Directional pressure88 × 42%
+37.1
How strongly activity leans toward calls or puts.
Participation8 × 22%
+1.8
Volume relative to existing open interest and contract-level activity.
Trend agreement11 × 26%
+3.0
How closely the chain read agrees with the underlying trend backdrop.
Volatility80 × 10%
+8.0
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 20.00; the largest put concentration is 20.00. The most active strike by current volume is 20.00. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.
Put open interestStrikeCall open interest
0
12.50-35.7%
1
2
15.00-22.9%
5
22
17.50-10.0%
9
60
20.002.8%
1599
1
22.5015.7%
968
2
25.0028.5%
9
0
30.0054.2%
0
0
35.0079.9%
0
Nearest spot strike Max pain strikeBars show relative OI within this expiry
Volatility Curve
Front-loaded volatility
Near-term options are materially richer than later expirations, consistent with concentrated event or immediate-risk pricing.
0.66
21 Aug
21d
0.59
18 Sep
49d
0.43
18 Dec
140d
0.58
19 Mar
231d
Volatility by Strike
Balanced wings
Comparable upside calls and downside puts carry broadly similar implied volatility.
18
20
23
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
- 52 / 52
- 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
Volatility expansion bet
The strongest message is movement risk: expected move and implied volatility are carrying more signal than direction.
Options are pricing movement more than direction; compare expected move with the stock's actual weekly change.
Volatility expansion bet matters because it connects the options headline to the actual evidence: $91242 of estimated gross traded notional, puts · 91+ 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+88
1W price-3.0%
Call premium61%
Put premium39%
Notional split
C 61% / P 39%
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
11/100
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.
Puts · 91+ days · ITM
puts cluster with 26 contracts traded, $23880 estimated gross traded notional, and 26% of visible notional.
$23880
Calls · 91+ days · OTM
calls cluster with 235 contracts traded, $23685 estimated gross traded notional, and 26% of visible notional.
$23685
Calls · 46-90 days · ITM
calls cluster with 22 contracts traded, $12410 estimated gross traded notional, and 14% of visible notional.
$12410
Calls · 46-90 days · OTM
calls cluster with 136 contracts traded, $9797 estimated gross traded notional, and 11% of visible notional.
$9797
Puts · 8-21 days · ITM
puts cluster with 11 contracts traded, $6545 estimated gross traded notional, and 7% of visible notional.
$6545
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
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
Close19.45
1W-3.0%
RS20.6
Fair value+78.1%
Options pressure88
Speculation8
Volatility80
Trend fit11
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 10:55
Volatility
Pressure 94
Move 12.5%
29 Jul 22:16
Volatility
Pressure 99
Move 14.9%
30 Jul 17:19
Volatility
Pressure 80
Move 13.9%
31 Jul 07:19
Volatility
Pressure 100
Move 16.1%
31 Jul 14:39
Volatility
Pressure 86
Move 8.4%
31 Jul 17:04
Volatility
Pressure 88
Move 8.1%
31 Jul 23:27
Volatility
Pressure 88
Move 8.6%
Strike Map
Where activity is clustering
Strike12.50
Calls · V 0 · OI 1
Puts · V 0 · OI 0
Strike15.00
Calls · V 5 · OI 5
Puts · V 1 · OI 2
Strike17.50
Calls · V 2 · OI 9
Puts · V 1 · OI 22
Strike20.00
Calls · V 39 · OI 1599
Puts · V 6 · OI 60
Strike22.50
Calls · V 2 · OI 968
Puts · V 0 · OI 1
Strike25.00
Calls · V 2 · OI 9
Puts · V 2 · OI 2
Strike30.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike35.00
Calls · V 0 · OI 0
Puts · V 3 · OI 0
Term Structure
Expiration activity
Expiry21 Aug 2026
Contracts13
Avg IV0.66
Put-call0.26
Expiry18 Sep 2026
Contracts17
Avg IV0.59
Put-call0.09
Expiry18 Dec 2026
Contracts20
Avg IV0.43
Put-call0.14
Expiry19 Mar 2027
Contracts2
Avg IV0.58
Put-call-
Skew
Call/put IV balance
21 Aug 2026Put IV premium
Call IV0.46
Put IV0.57
Skew0.11
18 Sep 2026Put IV premium
Call IV0.43
Put IV0.51
Skew0.08
18 Dec 2026Balanced skew
Call IV0.46
Put IV0.47
Skew0.01
19 Mar 2027Call IV premium
Call IV0.66
Put IV0.49
Skew-0.18
Contract Tape
Most active contracts
ContractWT270319C00020000
SideCall
Expiry19 Mar 2027
Strike20.00
Volume-
OI4
IV0.66
ContractWT270319P00017500
SidePut
Expiry19 Mar 2027
Strike17.50
Volume-
OI2
IV0.49
ContractWT260821P00022500
SidePut
Expiry21 Aug 2026
Strike22.50
Volume-
OI1
IV0.83
ContractWT260918P00022500
SidePut
Expiry18 Sep 2026
Strike22.50
Volume-
OI1
IV1.11
ContractWT260821C00012500
SideCall
Expiry21 Aug 2026
Strike12.50
Volume-
OI1
IV1.07
ContractWT261218P00030000
SidePut
Expiry18 Dec 2026
Strike30.00
Volume-
OI1
IV0.86
ContractWT261218C00035000
SideCall
Expiry18 Dec 2026
Strike35.00
Volume-
OI-
IV0.25
ContractWT260918P00010000
SidePut
Expiry18 Sep 2026
Strike10.00
Volume-
OI-
IV0.50
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
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.