Primary read
Bullish
Call-side pressure
Ticker Options Intelligence
LEVI options intelligence
Levi Strauss & Co Class A options pressure, expected move, strike concentration, and Sharemaestro trend context.
Conviction
40
Market data through 29 Jul 2026
Checked 30 Jul 2026 11:25 · complete available chain
Call-side pressure
Bullish pressure
LEVI currently carries bullish options pressure with a 40/100 conviction score. The nearest-chain expected move is 7.8%, with volume/open-interest participation at 0.01.
Expected move
7.8%
Wider near-term move priced
Activity / OI
0.01
Current volume is quieter versus prior open interest
Put-call
0.62
Call-side skew
Trend fit
74
Options agree with trend context
Weekly backdrop
+1.4%
RS 5.7
Expected move
7.8%
Put-call volume
0.62
Volume / OI
0.01
Reference IV
0.37
Max pain
24.00
Underlying
24.54
Nearest expiry
21 Aug 2026
Contracts
186
Research Brief
LEVI has a bullish chain read with 40/100 evidence alignment.
The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 22.61–26.47; The largest call open-interest concentration is 24.00; the largest put concentration is 24.00. The most active strike by current volume is 25.00.
Priced range22.61–26.47
Call concentration24.00
Put concentration24.00
Max pain reference24.00
- Price holds or improves while call-side concentration remains elevated.
- The current chain read already agrees with the stored weekly trend context.
- Price weakens while call pressure fades or reverses toward puts.
Priced Move
Where the chain says movement becomes exceptional
Options imply 22.61 to 26.47. Max pain at 24.00 sits inside that range, 2.2% below spot.
Spot
Max pain
22.6124.54 ± 1.9326.47
Confirmation level
A close beyond 26.47 or below 22.61 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 40/100
Pressure is 19/100 toward calls; conviction uses its strength, while the signal label carries its direction.
Directional pressure19 × 42%
+8.0
How strongly activity leans toward calls or puts.
Participation33 × 22%
+7.4
Volume relative to existing open interest and contract-level activity.
Trend agreement74 × 26%
+19.2
How closely the chain read agrees with the underlying trend backdrop.
Volatility57 × 10%
+5.7
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 24.00; the largest put concentration is 24.00. The most active strike by current volume is 25.00. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.
Put open interestStrikeCall open interest
69
16.00-34.8%
0
58
17.00-30.7%
0
28
18.00-26.7%
0
70
19.00-22.6%
0
826
20.00-18.5%
6
917
21.00-14.4%
3
263
22.00-10.4%
40
581
23.00-6.3%
81
2918
24.00-2.2%
2901
418
25.001.9%
950
64
26.005.9%
1096
6
27.0010.0%
579
3
28.0014.1%
1135
0
29.0018.2%
4
0
30.0022.2%
132
0
31.0026.3%
0
0
32.0030.4%
0
Nearest spot strike Max pain strikeBars show relative OI within this expiry
Volatility Curve
Balanced volatility curve
Near- and longer-dated implied volatility are broadly aligned; no exceptional front-expiry premium is visible.
0.37
21 Aug
22d
0.37
18 Sep
50d
0.41
16 Oct
78d
0.37
15 Jan
169d
0.38
21 Jan
540d
Volatility by Strike
Balanced wings
Comparable upside calls and downside puts carry broadly similar implied volatility.
20
21
22
23
24
25
26
27
28
29
Put IV Call IV
Historical Replay
How matured reads behaved through expiry
No independently verifiable option-expiry outcomes have matured yet. Legacy snapshots without a point-in-time market reference and repeated same-session snapshots are deliberately excluded.
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
Usable with limits
Retained chain100%
Implied volatility100%
Two-sided quotes100%
Open interest100%
- Chain status
- Complete available chain
- Market date
- 29 Jul 2026
- Calculation
- v1.x legacy
- Contracts
- 186 / 186
- 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
Call-heavy activity with trend alignment
Call concentration and the underlying trend align, but aggregate volume cannot establish whether calls were bought or sold.
Options pressure and weekly price action are pointing in the same constructive direction.
Call-heavy activity with trend alignment matters because it connects the options headline to the actual evidence: $58062 of estimated gross traded notional, puts · 46-90 days · atm, and a bullish flow confirms price backdrop. Use it as a research priority signal, then validate the chart, liquidity, event calendar, and risk before acting.
Options pressure+19
1W price+1.4%
Call premium66%
Put premium34%
Notional split
C 66% / P 34%
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
74/100
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.
Puts · 46-90 days · ATM
puts cluster with 128 contracts traded, $17600 estimated gross traded notional, and 30% of visible notional.
$17600
Calls · 46-90 days · ATM
calls cluster with 116 contracts traded, $14790 estimated gross traded notional, and 25% of visible notional.
$14790
Calls · 46-90 days · OTM
calls cluster with 117 contracts traded, $9015 estimated gross traded notional, and 16% of visible notional.
$9015
Calls · 91+ days · ITM
calls cluster with 10 contracts traded, $8825 estimated gross traded notional, and 15% of visible notional.
$8825
Calls · 22-45 days · ATM
calls cluster with 52 contracts traded, $4812 estimated gross traded notional, and 8% of visible notional.
$4812
Setup Classification
Opportunity and risk frame
Positioning agrees with the Sharemaestro trend backdrop.
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.
Call pressure is building while the stock sits above Sharemaestro fair value.
Activity Anomaly
Warming up
1 of 10 completed market sessions are available. More session history is needed before activity can be compared with a reliable normal.
Baseline: 1 completed session
Volume rank-
Volume/OI rank-
IV rank-
Market Context
Underlying confirmation
Close24.54
1W+1.4%
RS5.7
Fair value+34.0%
Options pressure19
Speculation33
Volatility57
Trend fit74
Today Versus Normal
Stored-options context
30d avg - · 1/10 sessions
-
90d avg - · 1/30 sessions
-
180d avg - · 1/60 sessions
-
30d avg - · 1/10 sessions
-
90d avg - · 1/30 sessions
-
180d avg - · 1/60 sessions
-
30d avg - · 1/10 sessions
-
90d avg - · 1/30 sessions
-
180d avg - · 1/60 sessions
-
30d avg - · 1/10 sessions
-
90d avg - · 1/30 sessions
-
180d avg - · 1/60 sessions
-
Pressure Trail
Recent pressure and volatility
29 Jul 10:29
Bullish
Pressure 24
Move 7.6%
30 Jul 10:25
Bullish
Pressure 19
Move 7.8%
Strike Map
Where activity is clustering
Strike16.00
Calls · V 0 · OI 0
Puts · V 0 · OI 69
Strike17.00
Calls · V 0 · OI 0
Puts · V 0 · OI 58
Strike18.00
Calls · V 0 · OI 0
Puts · V 0 · OI 28
Strike19.00
Calls · V 0 · OI 0
Puts · V 1 · OI 70
Strike20.00
Calls · V 0 · OI 6
Puts · V 0 · OI 826
Strike21.00
Calls · V 0 · OI 3
Puts · V 0 · OI 917
Strike22.00
Calls · V 0 · OI 40
Puts · V 9 · OI 263
Strike23.00
Calls · V 0 · OI 81
Puts · V 1 · OI 581
Term Structure
Expiration activity
Expiry21 Aug 2026
Contracts34
Avg IV0.37
Put-call0.52
Expiry18 Sep 2026
Contracts34
Avg IV0.37
Put-call0.69
Expiry16 Oct 2026
Contracts44
Avg IV0.41
Put-call0.45
Expiry15 Jan 2027
Contracts52
Avg IV0.37
Put-call0.09
Expiry21 Jan 2028
Contracts22
Avg IV0.38
Put-call-
Skew
Call/put IV balance
21 Aug 2026Balanced skew
Call IV0.38
Put IV0.39
Skew0.01
18 Sep 2026Balanced skew
Call IV0.36
Put IV0.39
Skew0.03
16 Oct 2026Balanced skew
Call IV0.40
Put IV0.42
Skew0.03
15 Jan 2027Balanced skew
Call IV0.35
Put IV0.40
Skew0.05
21 Jan 2028Put IV premium
Call IV0.33
Put IV0.44
Skew0.12
Contract Tape
Most active contracts
ContractLEVI260918P00025000
SidePut
Expiry18 Sep 2026
Strike25.00
Volume128
OI158
IV0.35
ContractLEVI260918C00025000
SideCall
Expiry18 Sep 2026
Strike25.00
Volume116
OI28
IV0.38
ContractLEVI260918C00027000
SideCall
Expiry18 Sep 2026
Strike27.00
Volume51
OI92
IV0.36
ContractLEVI260821C00025000
SideCall
Expiry21 Aug 2026
Strike25.00
Volume47
OI950
IV0.41
ContractLEVI260918C00026000
SideCall
Expiry18 Sep 2026
Strike26.00
Volume46
OI66
IV0.38
ContractLEVI261016C00027000
SideCall
Expiry16 Oct 2026
Strike27.00
Volume18
OI124
IV0.41
ContractLEVI260821P00024000
SidePut
Expiry21 Aug 2026
Strike24.00
Volume17
OI2918
IV0.36
ContractLEVI260918P00018000
SidePut
Expiry18 Sep 2026
Strike18.00
Volume12
OI6
IV0.37
Research Graph
Related research and context
Sharemaestro research
Related News
No recent ticker-specific news yet.
Market Watch
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.