Ticker Options Intelligence

NTES options intelligence

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

Conviction 32 Market data through 31 Jul 2026 Checked 2 Aug 2026 02:45 · complete available chain

Options-market disagreement

Mixed pressure

NTES currently carries mixed options pressure with a 32/100 conviction score. The nearest-chain expected move is 8.7%, 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 Mixed

Options-market disagreement

Expected move 8.7%

Wider near-term move priced

Activity / OI 0.01

Current volume is quieter versus prior open interest

Put-call 0.83

Balanced tape

Trend fit 78

Options agree with trend context

Weekly backdrop +11.5%

RS -5.1

Expected move 8.7%
Put-call volume 0.83
Volume / OI 0.01
Reference IV 0.46
Max pain 130.00
Underlying 133.27
Nearest expiry 21 Aug 2026
Contracts 428

Research Brief

NTES has a mixed chain read with 32/100 evidence alignment.

The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 121.67–144.87; The largest call open-interest concentration is 145.00; the largest put concentration is 120.00. The most active strike by current volume is 125.00.

Priced range121.67–144.87
Call concentration145.00
Put concentration120.00
Max pain reference130.00
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 121.67 to 144.87. Max pain at 130.00 sits inside that range, 2.5% below spot.

Spot Max pain
121.67133.27 ± 11.60144.87
Confirmation level

A close beyond 144.87 or below 121.67 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 32/100

Evidence alignment, not probability

Pressure is 10/100 toward calls; conviction uses its strength, while the signal label carries its direction.

Directional pressure10 × 42%
+4.4

How strongly activity leans toward calls or puts.

Participation5 × 22%
+1.1

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

Trend agreement78 × 26%
+20.2

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

Volatility67 × 10%
+6.7

The intensity of implied volatility and the priced move.

Reconstructed score32.4Matches stored calculation

Positioning by Strike

Where open interest and current activity concentrate

Full strike map

The largest call open-interest concentration is 145.00; the largest put concentration is 120.00. The most active strike by current volume is 125.00. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.

Put open interestStrikeCall open interest
5
95.00-28.7%
0
22
100.00-25.0%
1
27
105.00-21.2%
1
43
110.00-17.5%
2
53
115.00-13.7%
3
349
120.00-10.0%
27
106
125.00-6.2%
64
69
130.00-2.5%
78
49
135.001.3%
180
0
140.005.0%
331
1
145.008.8%
472
0
150.0012.6%
166
0
155.0016.3%
250
0
160.0020.1%
37
0
165.0023.8%
42
0
170.0027.6%
29
0
175.0031.3%
9
Nearest spot strike Max pain strikeBars show relative OI within this expiry

Volatility Curve

Front-loaded volatility

1.12× front/back

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

0.46 21 Aug 21d
0.38 18 Sep 49d
0.39 18 Dec 140d
0.39 15 Jan 168d
0.40 19 Mar 231d
0.40 17 Jun 321d
0.41 21 Jan 539d

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.

110
115
120
125
130
135
140
145
150
155
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
428 / 428
  • 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 No clean flow/price divergence

The options read is mixed, so divergence is not strong enough to classify.

Why this matters

Earnings/event positioning matters because it connects the options headline to the actual evidence: $76162 of estimated gross traded notional, calls · 91+ days · itm, and a no clean flow/price divergence backdrop. Use it as a research priority signal, then validate the chart, liquidity, event calendar, and risk before acting.

Options pressure+10
1W price+11.5%
Call premium82%
Put premium18%
Notional split C 82% / P 18% 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 78/100 Agreement between options pressure and Sharemaestro market context.
Event window 13 Aug Matched earnings event is 11 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 · 91+ days · ITM
Calls · 91+ days · ITM calls cluster with 7 contracts traded, $20765 estimated gross traded notional, and 27% of visible notional.
$20765
Calls · 91+ days · OTM calls cluster with 13 contracts traded, $12088 estimated gross traded notional, and 16% of visible notional.
$12088
Calls · 91+ days · ATM calls cluster with 6 contracts traded, $10530 estimated gross traded notional, and 14% of visible notional.
$10530
Puts · 8-21 days · OTM puts cluster with 43 contracts traded, $10135 estimated gross traded notional, and 13% of visible notional.
$10135
Calls · 8-21 days · ITM calls cluster with 7 contracts traded, $8540 estimated gross traded notional, and 11% of visible notional.
$8540

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.

Warning Crowded strike risk

Underlying price is close to the max-pain zone.

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
Close133.27
1W+11.5%
RS-5.1
Fair value+25.1%
Options pressure10
Speculation5
Volatility67
Trend fit78

Today Versus Normal

Stored-options context

View history
Expected move 8.7% history building
30d avg - · 3/10 sessions -
90d avg - · 3/30 sessions -
180d avg - · 3/60 sessions -
IV 0.46 history building
30d avg - · 3/10 sessions -
90d avg - · 3/30 sessions -
180d avg - · 3/60 sessions -
Put-call 0.83 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 10:04 Bullish
Pressure 39
Move 11.3%
30 Jul 10:03 Bullish
Pressure 45
Move 11.5%
31 Jul 10:01 Mixed
Pressure 12
Move 12.7%
2 Aug 01:45 Mixed
Pressure 10
Move 8.7%

Strike Map

Where activity is clustering

Full strike map
Strike65.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike70.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike75.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike80.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike85.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike90.00
Calls · V 0 · OI 0
Puts · V 0 · OI 2
Strike95.00
Calls · V 0 · OI 0
Puts · V 0 · OI 5
Strike100.00
Calls · V 0 · OI 1
Puts · V 0 · OI 22

Term Structure

Expiration activity

Volume and IV
Expiry21 Aug 2026
Contracts50
Avg IV0.46
Put-call1.96
Expiry18 Sep 2026
Contracts64
Avg IV0.38
Put-call-
Expiry18 Dec 2026
Contracts60
Avg IV0.39
Put-call-
Expiry15 Jan 2027
Contracts72
Avg IV0.39
Put-call0.29
Expiry19 Mar 2027
Contracts60
Avg IV0.40
Put-call-

Skew

Call/put IV balance

OTM demand
21 Aug 2026Put IV premium
Call IV0.41
Put IV0.47
Skew0.07
18 Sep 2026Balanced skew
Call IV0.39
Put IV0.42
Skew0.04
18 Dec 2026Balanced skew
Call IV0.39
Put IV0.43
Skew0.05
15 Jan 2027Balanced skew
Call IV0.38
Put IV0.41
Skew0.04
19 Mar 2027Balanced skew
Call IV0.39
Put IV0.42
Skew0.04

Contract Tape

Most active contracts

Full contract tape
ContractNTES260821P00125000
SidePut
Expiry21 Aug 2026
Strike125.00
Volume39
OI106
IV0.47
ContractNTES260821C00155000
SideCall
Expiry21 Aug 2026
Strike155.00
Volume7
OI250
IV0.47
ContractNTES260821C00140000
SideCall
Expiry21 Aug 2026
Strike140.00
Volume5
OI331
IV0.41
ContractNTES260821C00125000
SideCall
Expiry21 Aug 2026
Strike125.00
Volume5
OI64
IV0.46
ContractNTES270319C00130000
SideCall
Expiry19 Mar 2027
Strike130.00
Volume4
OI9
IV0.39
ContractNTES280121C00145000
SideCall
Expiry21 Jan 2028
Strike145.00
Volume4
OI7
IV0.39
ContractNTES270617C00110000
SideCall
Expiry17 Jun 2027
Strike110.00
Volume4
OI-
IV0.36
ContractNTES261218C00190000
SideCall
Expiry18 Dec 2026
Strike190.00
Volume3
OI5
IV0.41