Primary read
Bullish
Call-side pressure
Ticker Options Intelligence
VOD options intelligence
Vodafone Group PLC ADR options pressure, expected move, strike concentration, and Sharemaestro trend context.
Conviction
42
Market data through 30 Jul 2026
Checked 31 Jul 2026 11:04 · complete available chain
Call-side pressure
Bullish pressure
VOD currently carries bullish options pressure with a 42/100 conviction score. The nearest-chain expected move is 2.1%, with volume/open-interest participation at 0.00.
Expected move
2.1%
Near-term move context
Activity / OI
0.00
Current volume is quieter versus prior open interest
Put-call
0.24
Call-side skew
Trend fit
20
Options are not fully confirming trend
Weekly backdrop
+4.2%
RS 8.1
Expected move
2.1%
Put-call volume
0.24
Volume / OI
0.00
Reference IV
0.40
Max pain
14.50
Underlying
15.15
Nearest expiry
31 Jul 2026
Contracts
564
Research Brief
VOD has a bullish chain read with 42/100 evidence alignment.
The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 14.83–15.47; The largest call open-interest concentration is 16.00; the largest put concentration is 14.50. The most active strike by current volume is 15.50.
Priced range14.83–15.47
Call concentration16.00
Put concentration14.50
Max pain reference14.50
- 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 14.83 to 15.47. Max pain at 14.50 lies outside the priced range, so it is a weak near-term anchor.
Spot
Max pain
14.8315.15 ± 0.3215.47
Confirmation level
A close beyond 15.47 or below 14.83 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 42/100
Pressure is 72/100 toward calls; conviction uses its strength, while the signal label carries its direction.
Directional pressure72 × 42%
+30.3
How strongly activity leans toward calls or puts.
Participation12 × 22%
+2.7
Volume relative to existing open interest and contract-level activity.
Trend agreement20 × 26%
+5.3
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 16.00; the largest put concentration is 14.50. The most active strike by current volume is 15.50. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.
Put open interestStrikeCall open interest
5
4.00-73.6%
12
23
5.00-67.0%
12
7
6.00-60.4%
8
13
7.00-53.8%
7
7
8.00-47.2%
8
8
9.00-40.6%
6
1
10.00-34.0%
10
1
10.50-30.7%
11
3
11.00-27.4%
6
7
12.00-20.8%
3
42
13.00-14.2%
6
2
14.00-7.6%
20
595
14.50-4.3%
2
17
15.00-1.0%
7
30
15.502.3%
155
4
16.005.6%
268
22
16.508.9%
2
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.
0.40
31 Jul
1d
0.31
7 Aug
8d
0.12
14 Aug
15d
0.44
21 Aug
22d
0.23
28 Aug
29d
0.10
4 Sep
36d
0.16
11 Sep
43d
0.26
18 Sep
50d
Volatility by Strike
Downside protection premium
Out-of-the-money puts carry higher implied volatility than comparable calls, indicating richer downside protection.
13
13
14
14
15
15
16
16
17
17
18
18
Put IV Call IV
Historical Replay
How matured reads behaved through expiry
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
Retained chain100%
Implied volatility100%
Two-sided quotes100%
Open interest100%
- Chain status
- Complete available chain
- Market date
- 30 Jul 2026
- Calculation
- v2.0
- Contracts
- 564 / 564
- 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: $87128 of estimated gross traded notional, calls · 91+ 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+72
1W price+4.2%
Call premium76%
Put premium24%
Notional split
C 76% / P 24%
Estimated gross traded notional uses volume × contract multiplier × midpoint, or last price when no valid midpoint is available.
Freshness
0.00
Volume divided by open interest across the visible chain.
Trend fit
20/100
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 · 91+ days · OTM
calls cluster with 183 contracts traded, $25125 estimated gross traded notional, and 29% of visible notional.
$25125
Calls · 0-7 days · ITM
calls cluster with 28 contracts traded, $20735 estimated gross traded notional, and 24% of visible notional.
$20735
Puts · 0-7 days · ITM
puts cluster with 34 contracts traded, $19782 estimated gross traded notional, and 23% of visible notional.
$19782
Calls · 46-90 days · OTM
calls cluster with 262 contracts traded, $7625 estimated gross traded notional, and 9% of visible notional.
$7625
Calls · 91+ days · ITM
calls cluster with 15 contracts traded, $6375 estimated gross traded notional, and 7% of visible notional.
$6375
Setup Classification
Opportunity and risk frame
Options positioning is not confirming the underlying trend context.
Call pressure is building while the stock sits above Sharemaestro fair value.
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
Close15.78
1W+4.2%
RS8.1
Fair value+57.8%
Options pressure72
Speculation12
Volatility37
Trend fit20
Today Versus Normal
Stored-options context
30d avg - · 2/10 sessions
-
90d avg - · 2/30 sessions
-
180d avg - · 2/60 sessions
-
30d avg - · 2/10 sessions
-
90d avg - · 2/30 sessions
-
180d avg - · 2/60 sessions
-
30d avg - · 2/10 sessions
-
90d avg - · 2/30 sessions
-
180d avg - · 2/60 sessions
-
30d avg - · 2/10 sessions
-
90d avg - · 2/30 sessions
-
180d avg - · 2/60 sessions
-
Pressure Trail
Recent pressure and volatility
29 Jul 10:12
Bullish
Pressure 45
Move 4.4%
30 Jul 10:09
Volatility
Pressure 79
Move 5.4%
31 Jul 10:04
Bullish
Pressure 72
Move 2.1%
Strike Map
Where activity is clustering
Strike3.00
Calls · V 1 · OI 7
Puts · V 0 · OI 1
Strike4.00
Calls · V 4 · OI 12
Puts · V 0 · OI 5
Strike5.00
Calls · V 3 · OI 12
Puts · V 5 · OI 23
Strike6.00
Calls · V 5 · OI 8
Puts · V 0 · OI 7
Strike7.00
Calls · V 0 · OI 7
Puts · V 2 · OI 13
Strike8.00
Calls · V 0 · OI 8
Puts · V 0 · OI 7
Strike9.00
Calls · V 0 · OI 6
Puts · V 2 · OI 8
Strike10.00
Calls · V 3 · OI 10
Puts · V 0 · OI 1
Term Structure
Expiration activity
Expiry31 Jul 2026
Contracts76
Avg IV0.40
Put-call2.03
Expiry7 Aug 2026
Contracts78
Avg IV0.31
Put-call-
Expiry14 Aug 2026
Contracts78
Avg IV0.12
Put-call-
Expiry21 Aug 2026
Contracts68
Avg IV0.44
Put-call-
Expiry28 Aug 2026
Contracts48
Avg IV0.23
Put-call-
Skew
Call/put IV balance
31 Jul 2026Put IV premium
Call IV0.31
Put IV0.80
Skew0.49
7 Aug 2026Balanced skew
Call IV0.27
Put IV0.28
Skew0.01
14 Aug 2026Put IV premium
Call IV0.07
Put IV0.21
Skew0.14
21 Aug 2026Put IV premium
Call IV0.23
Put IV1.07
Skew0.84
28 Aug 2026Balanced skew
Call IV0.10
Put IV0.15
Skew0.05
Contract Tape
Most active contracts
ContractVOD261016C00018000
SideCall
Expiry16 Oct 2026
Strike18.00
Volume235
OI1120
IV0.29
ContractVOD270115C00016000
SideCall
Expiry15 Jan 2027
Strike16.00
Volume153
OI700
IV0.30
ContractVOD260731P00015500
SidePut
Expiry31 Jul 2026
Strike15.50
Volume35
OI30
IV0.49
ContractVOD260807P00015000
SidePut
Expiry7 Aug 2026
Strike15.00
Volume30
OI21
IV0.28
ContractVOD261016C00017000
SideCall
Expiry16 Oct 2026
Strike17.00
Volume22
OI1416
IV0.27
ContractVOD280121C00015000
SideCall
Expiry21 Jan 2028
Strike15.00
Volume17
OI7097
IV0.26
ContractVOD270115C00020000
SideCall
Expiry15 Jan 2027
Strike20.00
Volume15
OI56674
IV0.29
ContractVOD280121C00020000
SideCall
Expiry21 Jan 2028
Strike20.00
Volume15
OI18552
IV0.27
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.