Ticker Options Intelligence

WOLF options intelligence

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

Conviction 42 Market data through 31 Jul 2026 Checked 31 Jul 2026 14:36 · complete available chain

Options-market disagreement

Mixed pressure

WOLF currently carries mixed options pressure with a 42/100 conviction score. The nearest-chain expected move is 8.2%, with volume/open-interest participation at 0.09.

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

Options-market disagreement

Expected move 8.2%

Wider near-term move priced

Activity / OI 0.09

Current volume is quieter versus prior open interest

Put-call 0.78

Balanced tape

Trend fit 87

Options agree with trend context

Weekly backdrop -22.8%

Sharemaestro weekly context

Expected move 8.2%
Put-call volume 0.78
Volume / OI 0.09
Reference IV 0.22
Max pain 23.50
Underlying 23.09
Nearest expiry 31 Jul 2026
Contracts 947

Research Brief

WOLF has a mixed 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 21.19–24.99; The largest call open-interest concentration is 30.50; the largest put concentration is 30.00. The most active strike by current volume is 26.00.

Priced range21.19–24.99
Call concentration30.50
Put concentration30.00
Max pain reference23.50
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 31 Jul

Options imply 21.19 to 24.99. Max pain at 23.50 sits inside that range, 1.8% above spot.

Spot Max pain
21.1923.09 ± 1.9024.99
Confirmation level

A close beyond 24.99 or below 21.19 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

Evidence alignment, not probability

Pressure is 13/100 toward calls; conviction uses its strength, while the signal label carries its direction.

Directional pressure13 × 42%
+5.3

How strongly activity leans toward calls or puts.

Participation42 × 22%
+9.2

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

Trend agreement87 × 26%
+22.5

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

Volatility48 × 10%
+4.8

The intensity of implied volatility and the priced move.

Reconstructed score42.0Matches stored calculation

Positioning by Strike

Where open interest and current activity concentrate

Full strike map

The largest call open-interest concentration is 30.50; the largest put concentration is 30.00. The most active strike by current volume is 26.00. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.

Put open interestStrikeCall open interest
524
19.00-17.7%
0
289
20.00-13.4%
124
106
22.00-4.7%
1068
156
23.00-0.4%
81
30
23.501.8%
660
45
24.003.9%
1034
95
25.008.3%
251
206
26.0012.6%
833
7
26.5014.8%
272
199
27.0016.9%
136
1160
30.0029.9%
1040
25
30.5032.1%
1267
1
33.0042.9%
1072
4
34.5049.4%
418
0
37.0060.2%
703
0
50.00116.5%
590
0
60.00159.9%
303
Nearest spot strike Max pain strikeBars show relative OI within this expiry

Volatility Curve

Front-loaded volatility

6.18× front/back

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

0.22 31 Jul 0d
0.06 7 Aug 7d
0.05 14 Aug 14d
0.06 21 Aug 21d
0.03 28 Aug 28d
0.00 4 Sep 35d
0.59 18 Sep 49d
0.02 18 Dec 140d

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.

19
20
21
21
22
22
23
23
24
24
25
25
26
26
27
27
28
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 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

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
947 / 947
  • 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

73/100
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: $22.5M of estimated gross traded notional, puts · 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+13
1W price-22.8%
Call premium18%
Put premium82%
Notional split C 18% / P 82% Estimated gross traded notional uses volume × contract multiplier × midpoint, or last price when no valid midpoint is available.
Freshness 0.09 Volume divided by open interest across the visible chain.
Trend fit 87/100 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.
Conviction clusters Puts · 91+ days · ITM
Puts · 91+ days · ITM puts cluster with 1408 contracts traded, $5.4M estimated gross traded notional, and 24% of visible notional.
$5.4M
Puts · 46-90 days · ITM puts cluster with 5103 contracts traded, $4.8M estimated gross traded notional, and 21% of visible notional.
$4.8M
Puts · 8-21 days · ITM puts cluster with 5218 contracts traded, $4.3M estimated gross traded notional, and 19% of visible notional.
$4.3M
Puts · 46-90 days · OTM puts cluster with 5662 contracts traded, $2.1M estimated gross traded notional, and 9% of visible notional.
$2.1M
Calls · 91+ days · OTM calls cluster with 3260 contracts traded, $1.5M estimated gross traded notional, and 7% of visible notional.
$1.5M

Setup Classification

Opportunity and risk frame

Context, not advice
Positive Options-confirmed trend

Positioning agrees with the Sharemaestro trend backdrop.

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
Close23.09
1W-22.8%
RS-
Fair value-18.8%
Options pressure13
Speculation42
Volatility48
Trend fit87

Today Versus Normal

Stored-options context

View history
Expected move 8.2% history building
30d avg - · 3/10 sessions -
90d avg - · 3/30 sessions -
180d avg - · 3/60 sessions -
IV 0.22 history building
30d avg - · 3/10 sessions -
90d avg - · 3/30 sessions -
180d avg - · 3/60 sessions -
Put-call 0.78 history building
30d avg - · 3/10 sessions -
90d avg - · 3/30 sessions -
180d avg - · 3/60 sessions -
Volume/OI 0.09 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 10:55 Volatility
Pressure -44
Move 11.3%
30 Jul 10:45 Bearish
Pressure -23
Move 13.5%
31 Jul 04:55 Bearish
Pressure -25
Move 8.1%
31 Jul 13:36 Mixed
Pressure 13
Move 8.2%

Strike Map

Where activity is clustering

Full strike map
Strike15.00
Calls · V 0 · OI 0
Puts · V 6 · OI 6
Strike16.00
Calls · V 0 · OI 0
Puts · V 0 · OI 1
Strike17.00
Calls · V 0 · OI 0
Puts · V 16 · OI 203
Strike18.00
Calls · V 0 · OI 0
Puts · V 3 · OI 33
Strike19.00
Calls · V 0 · OI 0
Puts · V 104 · OI 524
Strike20.00
Calls · V 161 · OI 124
Puts · V 290 · OI 289
Strike20.50
Calls · V 0 · OI 0
Puts · V 6 · OI 77
Strike21.00
Calls · V 0 · OI 0
Puts · V 23 · OI 51

Term Structure

Expiration activity

Volume and IV
Expiry31 Jul 2026
Contracts140
Avg IV0.22
Put-call0.22
Expiry7 Aug 2026
Contracts97
Avg IV0.06
Put-call0.10
Expiry14 Aug 2026
Contracts57
Avg IV0.05
Put-call4.21
Expiry21 Aug 2026
Contracts76
Avg IV0.06
Put-call0.23
Expiry28 Aug 2026
Contracts42
Avg IV0.03
Put-call0.46

Skew

Call/put IV balance

OTM demand
31 Jul 2026Put IV premium
Call IV0.00
Put IV0.50
Skew0.50
7 Aug 2026Put IV premium
Call IV0.00
Put IV0.25
Skew0.25
14 Aug 2026Put IV premium
Call IV0.00
Put IV0.13
Skew0.12
21 Aug 2026Put IV premium
Call IV0.00
Put IV0.13
Skew0.12
28 Aug 2026Put IV premium
Call IV0.00
Put IV0.13
Skew0.12

Contract Tape

Most active contracts

Full contract tape
ContractWOLF271217P00004500
SidePut
Expiry17 Dec 2027
Strike4.50
Volume-
OI48
IV2.63
ContractWOLF260821P00033000
SidePut
Expiry21 Aug 2026
Strike33.00
Volume-
OI37
IV0.00
ContractWOLF260918P00027000
SidePut
Expiry18 Sep 2026
Strike27.00
Volume-
OI31
IV4.06
ContractWOLF260807C00031000
SideCall
Expiry7 Aug 2026
Strike31.00
Volume-
OI30
IV0.25
ContractWOLF260821P00033500
SidePut
Expiry21 Aug 2026
Strike33.50
Volume-
OI29
IV0.00
ContractWOLF260821C00034500
SideCall
Expiry21 Aug 2026
Strike34.50
Volume-
OI24
IV0.25
ContractWOLF260821P00031000
SidePut
Expiry21 Aug 2026
Strike31.00
Volume-
OI21
IV0.00
ContractWOLF260814P00046000
SidePut
Expiry14 Aug 2026
Strike46.00
Volume-
OI20
IV0.00