Primary read
Bullish
Call-side pressure
Ticker Options Intelligence
INFY options intelligence
Infosys Ltd ADR options pressure, expected move, strike concentration, and Sharemaestro trend context.
Conviction
43
Market data through 31 Jul 2026
Checked 2 Aug 2026 00:16 · complete available chain
Call-side pressure
Bullish pressure
INFY currently carries bullish options pressure with a 43/100 conviction score. The nearest-chain expected move is 9.4%, with volume/open-interest participation at 0.01.
Expected move
9.4%
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
0
Options are not fully confirming trend
Weekly backdrop
+8.3%
RS -25.5
Expected move
9.4%
Put-call volume
0.13
Volume / OI
0.01
Reference IV
0.66
Max pain
13.00
Underlying
12.03
Nearest expiry
21 Aug 2026
Contracts
314
Research Brief
INFY 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 10.90–13.16; The largest call open-interest concentration is 15.00; the largest put concentration is 13.00. The most active strike by current volume is 15.00.
Priced range10.90–13.16
Call concentration15.00
Put concentration13.00
Max pain reference13.00
- Price holds or improves while call-side concentration remains elevated.
- 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
Options imply 10.90 to 13.16. Max pain at 13.00 sits inside that range, 8.1% above spot.
Spot
Max pain
10.9012.03 ± 1.1313.16
Confirmation level
A close beyond 13.16 or below 10.90 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 79/100 toward calls; conviction uses its strength, while the signal label carries its direction.
Directional pressure79 × 42%
+33.0
How strongly activity leans toward calls or puts.
Participation6 × 22%
+1.3
Volume relative to existing open interest and contract-level activity.
Trend agreement0 × 26%
+0.0
How closely the chain read agrees with the underlying trend backdrop.
Volatility84 × 10%
+8.4
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 15.00; the largest put concentration is 13.00. The most active strike by current volume is 15.00. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.
Put open interestStrikeCall open interest
0
4.00-66.7%
2
0
5.00-58.4%
2
0
6.00-50.1%
0
30
8.00-33.5%
3
4003
9.00-25.2%
135
4851
10.00-16.9%
60
16101
11.00-8.6%
4509
6324
12.00-0.2%
4486
31687
13.008.1%
23318
39
14.0016.4%
1791
6017
15.0024.7%
109887
28
16.0033.0%
101
24
17.0041.3%
103
42
18.0049.6%
13
0
19.0057.9%
63
146
20.0066.3%
2
0
24.0099.5%
1
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
0.48
18 Sep
49d
0.55
16 Oct
77d
0.53
20 Nov
112d
0.48
18 Dec
140d
0.46
15 Jan
168d
0.46
21 Jan
539d
Volatility by Strike
Balanced wings
Comparable upside calls and downside puts carry broadly similar implied volatility.
10
11
12
13
14
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
- 314 / 314
- 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
Multi-expiry position-maintenance candidate
Activity is spread across expirations with heavier open interest than current volume, which can be consistent with position maintenance.
Options pressure and weekly price action are pointing in the same constructive direction.
Multi-expiry position-maintenance candidate matters because it connects the options headline to the actual evidence: $75580 of estimated gross traded notional, calls · 8-21 days · otm, and a bullish flow confirms price backdrop. Use it as a research priority signal, then validate the chart, liquidity, event calendar, and risk before acting.
Options pressure+79
1W price+8.3%
Call premium63%
Put premium37%
Notional split
C 63% / P 37%
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
0/100
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.
Roll detection is conservative because opening and closing legs are not directly observable in this snapshot.
Calls · 8-21 days · OTM
calls cluster with 1271 contracts traded, $19280 estimated gross traded notional, and 26% of visible notional.
$19280
Puts · 91+ days · ATM
puts cluster with 79 contracts traded, $12600 estimated gross traded notional, and 17% of visible notional.
$12600
Calls · 8-21 days · ATM
calls cluster with 166 contracts traded, $8715 estimated gross traded notional, and 12% of visible notional.
$8715
Puts · 91+ days · ITM
puts cluster with 30 contracts traded, $7530 estimated gross traded notional, and 10% of visible notional.
$7530
Calls · 46-90 days · OTM
calls cluster with 165 contracts traded, $4640 estimated gross traded notional, and 6% of visible notional.
$4640
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
Close12.03
1W+8.3%
RS-25.5
Fair value-29.2%
Options pressure79
Speculation6
Volatility84
Trend fit0
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
Bearish
Pressure -22
Move 14.6%
30 Jul 10:05
Volatility
Pressure 79
Move 19.1%
31 Jul 10:02
Bullish
Pressure 28
Move 10.8%
1 Aug 23:16
Bullish
Pressure 79
Move 9.4%
Strike Map
Where activity is clustering
Strike4.00
Calls · V 0 · OI 2
Puts · V 0 · OI 0
Strike5.00
Calls · V 0 · OI 2
Puts · V 0 · OI 0
Strike6.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike7.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike8.00
Calls · V 0 · OI 3
Puts · V 0 · OI 30
Strike9.00
Calls · V 2 · OI 135
Puts · V 2 · OI 4003
Strike10.00
Calls · V 9 · OI 60
Puts · V 3 · OI 4851
Strike11.00
Calls · V 6 · OI 4509
Puts · V 25 · OI 16101
Term Structure
Expiration activity
Expiry21 Aug 2026
Contracts46
Avg IV0.66
Put-call0.03
Expiry18 Sep 2026
Contracts56
Avg IV0.48
Put-call-
Expiry16 Oct 2026
Contracts40
Avg IV0.55
Put-call26.00
Expiry20 Nov 2026
Contracts56
Avg IV0.53
Put-call2.67
Expiry18 Dec 2026
Contracts36
Avg IV0.48
Put-call3.38
Skew
Call/put IV balance
21 Aug 2026Call IV premium
Call IV1.13
Put IV0.53
Skew-0.60
18 Sep 2026Balanced skew
Call IV0.49
Put IV0.48
Skew-0.01
16 Oct 2026Balanced skew
Call IV0.53
Put IV0.53
Skew-
20 Nov 2026Put IV premium
Call IV0.43
Put IV0.58
Skew0.15
18 Dec 2026Put IV premium
Call IV0.39
Put IV0.46
Skew0.08
Contract Tape
Most active contracts
ContractINFY260821C00015000
SideCall
Expiry21 Aug 2026
Strike15.00
Volume1120
OI109887
IV0.73
ContractINFY260821C00012000
SideCall
Expiry21 Aug 2026
Strike12.00
Volume166
OI4486
IV0.42
ContractINFY260918C00015000
SideCall
Expiry18 Sep 2026
Strike15.00
Volume137
OI188
IV0.60
ContractINFY260821C00013000
SideCall
Expiry21 Aug 2026
Strike13.00
Volume123
OI23318
IV0.66
ContractINFY261218P00012000
SidePut
Expiry18 Dec 2026
Strike12.00
Volume60
OI92
IV0.58
ContractINFY260821P00011000
SidePut
Expiry21 Aug 2026
Strike11.00
Volume25
OI16101
IV0.53
ContractINFY260918C00013000
SideCall
Expiry18 Sep 2026
Strike13.00
Volume25
OI2066
IV0.11
ContractINFY260821C00014000
SideCall
Expiry21 Aug 2026
Strike14.00
Volume22
OI1791
IV0.61
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.