Ticker Options Intelligence

SYPR options intelligence

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

Conviction 32 Market data through 18 Sep 2026 Checked 19 Sep 2026 13:00 · complete available chain

Call-side pressure

Bullish pressure

SYPR currently carries bullish options pressure with a 32/100 conviction score. The nearest-chain expected move is 114.2%, 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 Bullish

Call-side pressure

Expected move 114.2%

Wider near-term move priced

Activity / OI 0.01

Current volume is quieter versus prior open interest

Put-call 0.50

Call-side skew

Trend fit 16

Options are not fully confirming trend

Weekly backdrop -8.0%

RS -39.8

Expected move 114.2%
Put-call volume 0.50
Volume / OI 0.01
Reference IV 2.31
Max pain 2.50
Underlying 1.73
Nearest expiry 16 Oct 2026
Contracts 24

Research Brief

SYPR has a bullish 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 0.00–3.70; The largest call open-interest concentration is 5.00; the largest put concentration is 2.50. The most active strike by current volume is 2.50.

Priced range0.00–3.70
Call concentration5.00
Put concentration2.50
Max pain reference2.50
What would confirm it
  • Price holds or improves while call-side concentration remains elevated.
What would weaken it
  • 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

Size, not direction · through 16 Oct

Options imply 0.00 to 3.70. Max pain at 2.50 sits inside that range, 44.5% above spot. The theoretical downside extends below zero, so the displayed lower bound is floored at 0.00.

Spot Max pain
0.001.73 ± 1.973.70
Confirmation level

A close beyond 3.70 or below 0.00 at the 16 Oct 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 44/100 toward calls; conviction uses its strength, while the signal label carries its direction.

Directional pressure44 × 42%
+18.3

How strongly activity leans toward calls or puts.

Participation1 × 22%
+0.2

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

Trend agreement16 × 26%
+4.1

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 score32.3Matches stored calculation

Positioning by Strike

Where open interest and current activity concentrate

Full strike map

The largest call open-interest concentration is 5.00; the largest put concentration is 2.50. The most active strike by current volume is 2.50. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.

Put open interestStrikeCall open interest
20
2.5044.5%
43
0
5.00189.0%
53
0
7.50333.5%
0
Nearest spot strike Max pain strikeBars show relative OI within this expiry

Gamma Profile by Strike

Positive gamma proxy

Reported Greeks · 100% coverage

Call-side gamma sensitivity outweighs the put-side proxy across the retained chain. The largest bars mark levels where delta-hedging sensitivity may be most concentrated.

Net profile+$98Delta change / 1% move
Positive peak2.50+$42
Negative peak-No negative strike
Nearest balance-Interpolated sign change
StrikeNegativePositiveNet / 1% move
2.5044.5%
+$42
5.00189.0%
+$18
7.50333.5%
+$38
Positive call-side proxy Negative put-side proxyHighlighted row is nearest spot strike

Scenario proxy = gamma × open interest × 100 shares × spot² × 1%. Calls are positive and puts negative by convention. Missing Greeks use a Black-Scholes estimate from stored IV with zero rate and dividend assumptions. Open interest does not reveal who is long or short, so this is not observed dealer positioning or a forecast.

Volatility Curve

Front-loaded volatility

1.52× front/back

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

2.31 16 Oct 28d
1.99 20 Nov 63d
1.42 15 Jan 119d
1.52 16 Apr 210d

Volatility by Strike

Smile incomplete

Nearest expiry, within 20% of spot

There is not enough comparable OTM call and put volatility to classify the smile.

Comparable strike volatility is unavailable.

Put IV Call IV

Historical Replay

How matured reads behaved through expiry

25 matured · 9 directional

Across 9 stored directional transitions, the next stored price moved in the labelled direction 22% of the time.

Directional follow-through22%
Moves contained by pricing100%
Average expiry move7.7%
16 Sep Volatility · 60 -8.0% through expiry 148.9% priced · v2.0
14 Sep Mixed · 27 -8.0% through expiry 45.2% priced · v2.0
10 Sep Bearish · 42 -7.5% through expiry 56.2% priced · v2.0
8 Sep Bearish · 42 -7.5% through expiry 36.1% priced · v2.0
3 Sep Volatility · 55 -0.6% through expiry 103.4% priced · v2.0
1 Sep Bullish · 29 -0.6% through expiry 99.1% priced · v2.0
28 Aug Volatility · 61 -0.6% through expiry 43.1% priced · v2.0
27 Aug Volatility · 53 0.0% through expiry 52.0% priced · v2.0
26 Aug Volatility · 52 0.0% through expiry 98.3% priced · v2.0
25 Aug Bullish · 31 0.0% through expiry 101.2% priced · v2.0
21 Aug Volatility · 61 0.0% through expiry 91.0% priced · v2.0
20 Aug Volatility · 48 -16.0% through expiry 87.4% priced · v2.0

Eligible snapshots must have a dated market session, stored signal, and point-in-time market reference. Each observation uses one read per market session and the first stored weekly close on or immediately after expiry; its original calculation version is retained. It is an evidence audit, not an executable strategy or evidence of future performance.

Evidence Quality

High

A97/100
Retained chain100%
Implied volatility100%
Two-sided quotes100%
Open interest100%
Chain status
Complete available chain
Market date
18 Sep 2026
Calculation
v2.0
Contracts
24 / 24
  • 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

Put-heavy activity

74/100
Primary intent Put-heavy activity

Put-side activity dominates. This can reflect hedging or directional positioning, but the chain alone cannot distinguish buying from selling.

Flow vs price divergence Bullish flow against weak price

Options are leaning call-side while the stock is down on the week, a divergence that needs price confirmation.

Why this matters

Put-heavy activity matters because it connects the options headline to the actual evidence: $260 of estimated gross traded notional, puts · 91+ days · itm, and a bullish flow against weak price backdrop. Use it as a research priority signal, then validate the chart, liquidity, event calendar, and risk before acting.

Options pressure+44
1W price-8.0%
Call premium25%
Put premium75%
Notional split C 25% / P 75% 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 16/100 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.
Conviction clusters Puts · 91+ days · ITM
Puts · 91+ days · ITM puts cluster with 2 contracts traded, $195 estimated gross traded notional, and 75% of visible notional.
$195
Calls · 91+ days · OTM calls cluster with 2 contracts traded, $35 estimated gross traded notional, and 13% of visible notional.
$35
Calls · 46-90 days · OTM calls cluster with 2 contracts traded, $30 estimated gross traded notional, and 12% of visible notional.
$30

Setup Classification

Opportunity and risk frame

Context, not advice
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.

Negative Options disagreement

Options positioning is not confirming the underlying trend context.

Activity Anomaly

Normal range

30

Activity is broadly in line with recent stored snapshots.

Baseline: 27 completed sessions

Volume rank52th
Volume/OI rank33th
IV rank4th

Market Context

Underlying confirmation

Sharemaestro weekly
Close1.73
1W-8.0%
RS-39.8
Fair value-16.3%
Options pressure44
Speculation1
Volatility96
Trend fit16

Today Versus Normal

Stored-options context

View history
Expected move 114.2% elevated
30d avg 80.3% · 13 sessions 92th
90d avg - · 27/30 sessions -
180d avg - · 27/60 sessions -
IV 2.31 muted
30d avg 4.96 · 13 sessions 0th
90d avg - · 27/30 sessions -
180d avg - · 27/60 sessions -
Put-call 0.50 history building
30d avg - · 9/10 sessions -
90d avg - · 20/30 sessions -
180d avg - · 20/60 sessions -
Volume/OI 0.01 near normal
30d avg 0.09 · 13 sessions 54th
90d avg - · 27/30 sessions -
180d avg - · 27/60 sessions -

Pressure Trail

Recent pressure and volatility

Open trail
30 Jul 15:09 Bullish
Pressure 72
Move 48.7%
1 Aug 04:32 Volatility
Pressure 100
Move 53.9%
2 Aug 14:31 Volatility
Pressure 100
Move 55.1%
3 Aug 18:20 Bullish
Pressure 60
Move 41.7%
3 Aug 20:41 Bullish
Pressure 60
Move 52.4%
5 Aug 10:25 Volatility
Pressure -93
Move 47.0%
6 Aug 10:42 Mixed
Pressure 7
Move 51.1%
7 Aug 12:20 Volatility
Pressure -73
Move 61.8%

Strike Map

Where activity is clustering

Full strike map
Strike2.50
Calls · V 0 · OI 43
Puts · V 0 · OI 20
Strike5.00
Calls · V 0 · OI 53
Puts · V 0 · OI 0
Strike7.50
Calls · V 0 · OI 0
Puts · V 0 · OI 0

Term Structure

Expiration activity

Volume and IV
Expiry16 Oct 2026
Contracts6
Avg IV2.31
Put-call-
Expiry20 Nov 2026
Contracts6
Avg IV1.99
Put-call-
Expiry15 Jan 2027
Contracts6
Avg IV1.42
Put-call1.00
Expiry16 Apr 2027
Contracts6
Avg IV1.52
Put-call-

Skew

Call/put IV balance

OTM demand
16 Oct 2026Incomplete skew
Call IV0.81
Put IV-
Skew-
20 Nov 2026Incomplete skew
Call IV1.24
Put IV-
Skew-
15 Jan 2027Incomplete skew
Call IV0.95
Put IV-
Skew-
16 Apr 2027Incomplete skew
Call IV0.66
Put IV-
Skew-

Contract Tape

Most active contracts

Full contract tape
ContractSYPR270115C00002500
SideCall
Expiry15 Jan 2027
Strike2.50
Volume2
OI24
IV0.95
ContractSYPR270115P00002500
SidePut
Expiry15 Jan 2027
Strike2.50
Volume2
OI22
IV1.15
ContractSYPR261120C00002500
SideCall
Expiry20 Nov 2026
Strike2.50
Volume2
OI-
IV1.24
ContractSYPR270115C00007500
SideCall
Expiry15 Jan 2027
Strike7.50
Volume-
OI221
IV1.14
ContractSYPR261016C00005000
SideCall
Expiry16 Oct 2026
Strike5.00
Volume-
OI53
IV1.84
ContractSYPR261016C00002500
SideCall
Expiry16 Oct 2026
Strike2.50
Volume-
OI43
IV0.81
ContractSYPR270115C00005000
SideCall
Expiry15 Jan 2027
Strike5.00
Volume-
OI34
IV0.88
ContractSYPR261016P00002500
SidePut
Expiry16 Oct 2026
Strike2.50
Volume-
OI20
IV5.76

Evidence context