Ticker Options Intelligence

MGNI options intelligence

Magnite Inc options pressure, expected move, strike concentration, and Sharemaestro trend context.

Conviction 53 Market data through 31 Jul 2026 Checked 1 Aug 2026 19:09 · complete available chain

Volatility expansion watch

Volatility pressure

MGNI currently carries volatility options pressure with a 53/100 conviction score. The nearest-chain expected move is 17.5%, with volume/open-interest participation at 0.01.

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

Volatility expansion watch

Expected move 17.5%

Wider near-term move priced

Activity / OI 0.01

Current volume is quieter versus prior open interest

Put-call 2.95

Put-side skew

Trend fit 67

Options agree with trend context

Weekly backdrop +4.3%

RS 5.3

Expected move 17.5%
Put-call volume 2.95
Volume / OI 0.01
Reference IV 0.92
Max pain 20.00
Underlying 19.30
Nearest expiry 21 Aug 2026
Contracts 364

Research Brief

MGNI has a volatility chain read with 53/100 evidence alignment.

The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 15.93–22.67; The largest call open-interest concentration is 23.00; the largest put concentration is 20.00. The most active strike by current volume is 19.00.

Priced range15.93–22.67
Call concentration23.00
Put concentration20.00
Max pain reference20.00
What would confirm it
  • A clear directional pressure reading develops and price begins to agree.
  • The current chain read already agrees with the stored weekly trend context.
What would weaken it
  • Volatility falls and the chain remains directionally mixed.
  • 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 21 Aug

Options imply 15.93 to 22.67. Max pain at 20.00 sits inside that range, 3.6% above spot.

Spot Max pain
15.9319.30 ± 3.3722.67
Confirmation level

A close beyond 22.67 or below 15.93 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 53/100

Evidence alignment, not probability

Pressure is 40/100 toward puts; conviction uses its strength, while the signal label carries its direction.

Directional pressure40 × 42%
+16.9

How strongly activity leans toward calls or puts.

Participation40 × 22%
+8.8

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

Trend agreement67 × 26%
+17.4

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

Volatility96 × 10%
+9.6

The intensity of implied volatility and the priced move.

Reconstructed score52.7Matches stored calculation

Positioning by Strike

Where open interest and current activity concentrate

Full strike map

The largest call open-interest concentration is 23.00; the largest put concentration is 20.00. The most active strike by current volume is 19.00. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.

Put open interestStrikeCall open interest
16
10.00-48.2%
0
29
12.00-37.8%
0
5
14.00-27.5%
5
48
15.00-22.3%
21
19
16.00-17.1%
45
126
17.00-11.9%
9
365
18.00-6.7%
139
108
19.00-1.6%
332
498
20.003.6%
2743
87
21.008.8%
269
6
22.0014.0%
183
0
23.0019.2%
5038
0
24.0024.4%
36
0
25.0029.5%
204
0
26.0034.7%
178
1
27.0039.9%
33
0
28.0045.1%
210
Nearest spot strike Max pain strikeBars show relative OI within this expiry

Volatility Curve

Front-loaded volatility

1.31× front/back

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

0.92 21 Aug 21d
0.77 18 Sep 49d
0.75 18 Dec 140d
0.75 15 Jan 168d
0.71 19 Feb 203d
0.73 19 Mar 231d
0.73 16 Apr 259d
0.73 21 May 294d

Volatility by Strike

Balanced wings

Nearest expiry, within 20% of spot

Comparable upside calls and downside puts carry broadly similar implied volatility.

16
17
18
19
20
21
22
23
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 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

A100/100
Retained chain100%
Implied volatility100%
Two-sided quotes100%
Open interest100%
Chain status
Complete available chain
Market date
31 Jul 2026
Calculation
v2.0
Contracts
364 / 364
  • 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

95/100
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 Volatility flow versus price

Options are pricing movement more than direction; compare expected move with the stock's actual weekly change.

Why this matters

Earnings/event positioning matters because it connects the options headline to the actual evidence: $53360 of estimated gross traded notional, puts · 8-21 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-40
1W price+4.3%
Call premium20%
Put premium80%
Notional split C 20% / P 80% 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 67/100 Agreement between options pressure and Sharemaestro market context.
Event window 5 Aug Matched earnings event is 3 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 Puts · 8-21 days · ITM
Puts · 8-21 days · ITM puts cluster with 91 contracts traded, $22035 estimated gross traded notional, and 41% of visible notional.
$22035
Puts · 8-21 days · ATM puts cluster with 75 contracts traded, $11438 estimated gross traded notional, and 21% of visible notional.
$11438
Puts · 8-21 days · OTM puts cluster with 98 contracts traded, $6615 estimated gross traded notional, and 12% of visible notional.
$6615
Calls · 8-21 days · OTM calls cluster with 73 contracts traded, $5842 estimated gross traded notional, and 11% of visible notional.
$5842
Puts · 46-90 days · OTM puts cluster with 30 contracts traded, $2250 estimated gross traded notional, and 4% of visible notional.
$2250

Setup Classification

Opportunity and risk frame

Context, not advice
Positive Options-confirmed trend

Positioning agrees with the Sharemaestro trend backdrop.

Warning Volatility expansion

The tape is pricing or displaying unusually elevated activity.

Warning Event-risk setup

Expected move or upcoming earnings makes the setup more event-sensitive.

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

Sharemaestro weekly
Close19.30
1W+4.3%
RS5.3
Fair value+37.1%
Options pressure-40
Speculation40
Volatility96
Trend fit67

Today Versus Normal

Stored-options context

View history
Expected move 17.5% history building
30d avg - · 3/10 sessions -
90d avg - · 3/30 sessions -
180d avg - · 3/60 sessions -
IV 0.92 history building
30d avg - · 3/10 sessions -
90d avg - · 3/30 sessions -
180d avg - · 3/60 sessions -
Put-call 2.95 history building
30d avg - · 3/10 sessions -
90d avg - · 3/30 sessions -
180d avg - · 3/60 sessions -
Volume/OI 0.01 history building
30d avg - · 3/10 sessions -
90d avg - · 3/30 sessions -
180d avg - · 3/60 sessions -

Pressure Trail

Recent pressure and volatility

Open trail
29 Jul 11:00 Mixed
Pressure 8
Move 22.7%
30 Jul 10:49 Bullish
Pressure 22
Move 15.3%
31 Jul 10:33 Volatility
Pressure 48
Move 18.5%
1 Aug 18:09 Volatility
Pressure -40
Move 17.5%

Strike Map

Where activity is clustering

Full strike map
Strike10.00
Calls · V 0 · OI 0
Puts · V 0 · OI 16
Strike11.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike12.00
Calls · V 0 · OI 0
Puts · V 0 · OI 29
Strike13.00
Calls · V 0 · OI 0
Puts · V 0 · OI 3
Strike14.00
Calls · V 0 · OI 5
Puts · V 4 · OI 5
Strike15.00
Calls · V 0 · OI 21
Puts · V 0 · OI 48
Strike16.00
Calls · V 0 · OI 45
Puts · V 55 · OI 19
Strike17.00
Calls · V 0 · OI 9
Puts · V 5 · OI 126

Term Structure

Expiration activity

Volume and IV
Expiry21 Aug 2026
Contracts38
Avg IV0.92
Put-call3.22
Expiry18 Sep 2026
Contracts50
Avg IV0.77
Put-call4.29
Expiry18 Dec 2026
Contracts42
Avg IV0.75
Put-call-
Expiry15 Jan 2027
Contracts28
Avg IV0.75
Put-call-
Expiry19 Feb 2027
Contracts62
Avg IV0.71
Put-call-

Skew

Call/put IV balance

OTM demand
21 Aug 2026Balanced skew
Call IV0.94
Put IV0.94
Skew-
18 Sep 2026Balanced skew
Call IV0.77
Put IV0.79
Skew0.02
18 Dec 2026Balanced skew
Call IV0.77
Put IV0.77
Skew-
15 Jan 2027Balanced skew
Call IV0.74
Put IV0.76
Skew0.02
19 Feb 2027Balanced skew
Call IV0.74
Put IV0.73
Skew-0.01

Contract Tape

Most active contracts

Full contract tape
ContractMGNI260821P00019000
SidePut
Expiry21 Aug 2026
Strike19.00
Volume75
OI108
IV0.92
ContractMGNI260821P00016000
SidePut
Expiry21 Aug 2026
Strike16.00
Volume55
OI19
IV0.97
ContractMGNI260821P00021000
SidePut
Expiry21 Aug 2026
Strike21.00
Volume52
OI87
IV0.91
ContractMGNI260821P00020000
SidePut
Expiry21 Aug 2026
Strike20.00
Volume39
OI498
IV0.90
ContractMGNI260821P00018000
SidePut
Expiry21 Aug 2026
Strike18.00
Volume34
OI365
IV0.92
ContractMGNI260918P00016000
SidePut
Expiry18 Sep 2026
Strike16.00
Volume30
OI5
IV0.79
ContractMGNI260821C00021000
SideCall
Expiry21 Aug 2026
Strike21.00
Volume22
OI269
IV0.89
ContractMGNI260821C00023000
SideCall
Expiry21 Aug 2026
Strike23.00
Volume19
OI5038
IV0.94