Primary read
Mixed
Options-market disagreement
Ticker Options Intelligence
WYNN options intelligence
Wynn Resorts Limited options pressure, expected move, strike concentration, and Sharemaestro trend context.
Conviction
29
Market data through 31 Jul 2026
Checked 1 Aug 2026 19:35 · complete available chain
Options-market disagreement
Mixed pressure
WYNN currently carries mixed options pressure with a 29/100 conviction score. The nearest-chain expected move is 5.7%, with volume/open-interest participation at 0.01.
Expected move
5.7%
Near-term move context
Activity / OI
0.01
Current volume is quieter versus prior open interest
Put-call
1.20
Balanced tape
Trend fit
62
Options agree with trend context
Weekly backdrop
+2.5%
RS -18.9
Expected move
5.7%
Put-call volume
1.20
Volume / OI
0.01
Reference IV
0.52
Max pain
99.00
Underlying
99.31
Nearest expiry
7 Aug 2026
Contracts
1182
Research Brief
WYNN has a mixed chain read with 29/100 evidence alignment.
The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 93.60–105.02; The largest call open-interest concentration is 99.00; the largest put concentration is 87.00. The most active strike by current volume is 90.00.
Priced range93.60–105.02
Call concentration99.00
Put concentration87.00
Max pain reference99.00
- A clear directional pressure reading develops and price begins to agree.
- The current chain read already agrees with the stored weekly trend context.
- 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
Options imply 93.60 to 105.02. Max pain at 99.00 sits inside that range, 0.3% below spot.
Spot
Max pain
93.6099.31 ± 5.71105.02
Confirmation level
A close beyond 105.02 or below 93.60 at the 7 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 29/100
Pressure is 1/100 toward puts; conviction uses its strength, while the signal label carries its direction.
Directional pressure1 × 42%
+0.5
How strongly activity leans toward calls or puts.
Participation31 × 22%
+6.9
Volume relative to existing open interest and contract-level activity.
Trend agreement62 × 26%
+16.0
How closely the chain read agrees with the underlying trend backdrop.
Volatility60 × 10%
+6.0
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 99.00; the largest put concentration is 87.00. The most active strike by current volume is 90.00. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.
Put open interestStrikeCall open interest
473
87.00-12.4%
0
49
88.00-11.4%
0
41
90.00-9.4%
0
84
91.00-8.4%
5
45
92.00-7.4%
0
197
93.00-6.4%
0
22
94.00-5.3%
11
58
95.00-4.3%
12
21
96.00-3.3%
30
42
97.00-2.3%
45
83
98.00-1.3%
10
32
99.00-0.3%
450
258
100.000.7%
93
4
101.001.7%
92
8
102.002.7%
27
59
103.003.7%
46
0
110.0010.8%
43
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.
0.52
7 Aug
7d
0.44
14 Aug
14d
0.40
21 Aug
21d
0.39
28 Aug
28d
0.38
4 Sep
35d
0.36
11 Sep
42d
0.36
18 Sep
49d
0.36
16 Oct
77d
Volatility by Strike
Balanced wings
Comparable upside calls and downside puts carry broadly similar implied volatility.
80
82
84
86
88
90
92
94
96
98
100
101
103
105
107
109
111
113
115
117
119
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
High
Retained chain100%
Implied volatility100%
Two-sided quotes100%
Open interest100%
- Chain status
- Complete available chain
- Market date
- 31 Jul 2026
- Calculation
- v2.0
- Contracts
- 1182 / 1182
- 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
Options activity is concentrated around a live event window, so the cleanest read is event positioning rather than pure direction.
The options read is mixed, so divergence is not strong enough to classify.
Earnings/event positioning matters because it connects the options headline to the actual evidence: $934416 of estimated gross traded notional, calls · 91+ days · otm, 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-1
1W price+2.5%
Call premium60%
Put premium40%
Notional split
C 60% / P 40%
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
62/100
Agreement between options pressure and Sharemaestro market context.
Event window
4 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.
Calls · 91+ days · OTM
calls cluster with 427 contracts traded, $239562 estimated gross traded notional, and 26% of visible notional.
$239562
Calls · 46-90 days · ITM
calls cluster with 130 contracts traded, $129585 estimated gross traded notional, and 14% of visible notional.
$129585
Puts · 22-45 days · ATM
puts cluster with 206 contracts traded, $103760 estimated gross traded notional, and 11% of visible notional.
$103760
Puts · 91+ days · OTM
puts cluster with 158 contracts traded, $63612 estimated gross traded notional, and 7% of visible notional.
$63612
Calls · 22-45 days · ITM
calls cluster with 63 contracts traded, $47552 estimated gross traded notional, and 5% of visible notional.
$47552
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.
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
Close99.31
1W+2.5%
RS-18.9
Fair value+2.6%
Options pressure-1
Speculation31
Volatility60
Trend fit62
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 10:27
Bearish
Pressure -21
Move 4.8%
30 Jul 10:23
Mixed
Pressure 0
Move 3.6%
31 Jul 10:12
Bullish
Pressure 68
Move 4.5%
31 Jul 13:52
Bullish
Pressure 20
Move 4.1%
31 Jul 15:56
Mixed
Pressure 10
Move 2.1%
31 Jul 16:57
Mixed
Pressure 12
Move 2.2%
31 Jul 17:17
Mixed
Pressure 11
Move 2.2%
1 Aug 05:19
Mixed
Pressure -1
Move 6.3%
Strike Map
Where activity is clustering
Strike70.00
Calls · V 0 · OI 6
Puts · V 0 · OI 1
Strike75.00
Calls · V 0 · OI 10
Puts · V 6 · OI 14
Strike80.00
Calls · V 0 · OI 3
Puts · V 0 · OI 8
Strike81.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike82.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike83.00
Calls · V 0 · OI 0
Puts · V 0 · OI 14
Strike84.00
Calls · V 0 · OI 0
Puts · V 0 · OI 17
Strike85.00
Calls · V 0 · OI 0
Puts · V 1 · OI 23
Term Structure
Expiration activity
Expiry7 Aug 2026
Contracts96
Avg IV0.52
Put-call2.36
Expiry14 Aug 2026
Contracts96
Avg IV0.44
Put-call1.13
Expiry21 Aug 2026
Contracts108
Avg IV0.40
Put-call1.17
Expiry28 Aug 2026
Contracts78
Avg IV0.39
Put-call0.11
Expiry4 Sep 2026
Contracts78
Avg IV0.38
Put-call21.75
Skew
Call/put IV balance
7 Aug 2026Balanced skew
Call IV0.52
Put IV0.55
Skew0.03
14 Aug 2026Balanced skew
Call IV0.44
Put IV0.47
Skew0.03
21 Aug 2026Balanced skew
Call IV0.45
Put IV0.46
Skew0.01
28 Aug 2026Put IV premium
Call IV0.43
Put IV0.53
Skew0.10
4 Sep 2026Put IV premium
Call IV0.37
Put IV0.43
Skew0.07
Contract Tape
Most active contracts
ContractWYNN260807P00090000
SidePut
Expiry7 Aug 2026
Strike90.00
Volume148
OI41
IV0.53
ContractWYNN260911P00100000
SidePut
Expiry11 Sep 2026
Strike100.00
Volume122
OI-
IV0.37
ContractWYNN260807P00091000
SidePut
Expiry7 Aug 2026
Strike91.00
Volume119
OI84
IV0.58
ContractWYNN261016P00080000
SidePut
Expiry16 Oct 2026
Strike80.00
Volume109
OI29
IV0.43
ContractWYNN270115C00125000
SideCall
Expiry15 Jan 2027
Strike125.00
Volume102
OI2038
IV0.34
ContractWYNN261016C00095000
SideCall
Expiry16 Oct 2026
Strike95.00
Volume93
OI28
IV0.38
ContractWYNN280121C00140000
SideCall
Expiry21 Jan 2028
Strike140.00
Volume82
OI239
IV0.36
ContractWYNN260904P00100000
SidePut
Expiry4 Sep 2026
Strike100.00
Volume82
OI-
IV0.39
Research Graph
Related research and context
Sharemaestro research
Related News
No recent ticker-specific news yet.
Market Watch
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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.