Primary read
Bullish
Call-side pressure
Ticker Options Intelligence
V options intelligence
Visa Inc. Class A options pressure, expected move, strike concentration, and Sharemaestro trend context.
Conviction
43
Market data through 31 Jul 2026
Checked 1 Aug 2026 07:40 · partial chain
Call-side pressure
Bullish pressure
V currently carries bullish options pressure with a 43/100 conviction score. The nearest-chain expected move is 3.7%, with volume/open-interest participation at 0.05.
Expected move
3.7%
Near-term move context
Activity / OI
0.05
Current volume is quieter versus prior open interest
Put-call
0.37
Call-side skew
Trend fit
45
Options are not fully confirming trend
Weekly backdrop
+2.9%
RS 1.2
Expected move
3.7%
Put-call volume
0.37
Volume / OI
0.05
Reference IV
0.23
Max pain
360.00
Underlying
355.74
Nearest expiry
7 Aug 2026
Contracts
2000
Research Brief
V has a bullish chain read with 43/100 evidence alignment.
The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 342.44–369.04; The largest call open-interest concentration is 375.00; the largest put concentration is 205.00. The most active strike by current volume is 375.00.
Priced range342.44–369.04
Call concentration375.00
Put concentration205.00
Max pain reference360.00
- Price holds or improves while call-side concentration remains elevated.
- Price weakens while call pressure fades or reverses toward puts.
- Options and the weekly trend are not yet giving the same message.
Priced Move
Where the chain says movement becomes exceptional
Options imply 342.44 to 369.04. Max pain at 360.00 sits inside that range, 1.2% above spot.
Spot
Max pain
342.44355.74 ± 13.30369.04
Confirmation level
A close beyond 369.04 or below 342.44 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 43/100
Pressure is 45/100 toward calls; conviction uses its strength, while the signal label carries its direction.
Directional pressure45 × 42%
+19.1
How strongly activity leans toward calls or puts.
Participation41 × 22%
+9.1
Volume relative to existing open interest and contract-level activity.
Trend agreement45 × 26%
+11.8
How closely the chain read agrees with the underlying trend backdrop.
Volatility31 × 10%
+3.1
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 375.00; the largest put concentration is 205.00. The most active strike by current volume is 375.00. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.
Put open interestStrikeCall open interest
1438
190.00-46.6%
0
1003
195.00-45.2%
0
1233
200.00-43.8%
0
2611
205.00-42.4%
1
955
210.00-41.0%
0
808
215.00-39.6%
1
190
340.00-4.4%
186
255
350.00-1.6%
91
88
357.500.5%
59
674
360.001.2%
188
156
365.002.6%
582
31
367.503.3%
276
66
370.004.0%
634
22
375.005.4%
834
35
380.006.8%
399
13
385.008.2%
635
0
390.009.6%
457
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.
0.23
7 Aug
7d
0.23
14 Aug
14d
0.23
21 Aug
21d
0.23
28 Aug
28d
0.23
4 Sep
35d
0.22
11 Sep
42d
0.23
18 Sep
49d
0.24
16 Oct
77d
Volatility by Strike
Downside protection premium
Out-of-the-money puts carry higher implied volatility than comparable calls, indicating richer downside protection.
285
295
310
320
325
333
338
343
348
355
360
365
373
378
383
388
395
400
405
415
425
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
Good
Retained chain94%
Implied volatility100%
Two-sided quotes100%
Open interest100%
- Chain status
- Retained chain subset
- Market date
- 31 Jul 2026
- Calculation
- v2.0
- Contracts
- 2000 / 2138
- 94% of provider contracts were retained for this snapshot.
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
Short-dated OTM call concentration
Call activity is concentrated in upside and shorter-dated contracts; trade direction remains unconfirmed without aggressor data.
Options pressure and weekly price action are pointing in the same constructive direction.
Short-dated OTM call concentration matters because it connects the options headline to the actual evidence: $13.4M of estimated gross traded notional, calls · 91+ days · otm, 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+45
1W price+2.9%
Call premium81%
Put premium19%
Notional split
C 81% / P 19%
Estimated gross traded notional uses volume × contract multiplier × midpoint, or last price when no valid midpoint is available.
Freshness
0.05
Volume divided by open interest across the visible chain.
Trend fit
45/100
Agreement between options pressure and Sharemaestro market context.
Event window
4 Aug
Matched earnings event is 2 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 1091 contracts traded, $2.0M estimated gross traded notional, and 15% of visible notional.
$2.0M
Calls · 46-90 days · ITM
calls cluster with 606 contracts traded, $1.9M estimated gross traded notional, and 15% of visible notional.
$1.9M
Calls · 46-90 days · OTM
calls cluster with 4400 contracts traded, $1.7M estimated gross traded notional, and 13% of visible notional.
$1.7M
Calls · 8-21 days · OTM
calls cluster with 6448 contracts traded, $1.4M estimated gross traded notional, and 11% of visible notional.
$1.4M
Calls · 91+ days · ATM
calls cluster with 344 contracts traded, $1.1M estimated gross traded notional, and 8% of visible notional.
$1.1M
Setup Classification
Opportunity and risk frame
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
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
Close366.13
1W+2.9%
RS1.2
Fair value+20.9%
Options pressure45
Speculation41
Volatility31
Trend fit45
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 13:54
Mixed
Pressure -11
Move 3.6%
29 Jul 14:22
Mixed
Pressure -11
Move 3.9%
29 Jul 14:45
Mixed
Pressure -5
Move 4.2%
29 Jul 15:11
Mixed
Pressure -7
Move 4.4%
29 Jul 15:31
Mixed
Pressure -5
Move 4.5%
29 Jul 15:55
Mixed
Pressure -1
Move 4.8%
29 Jul 16:15
Mixed
Pressure 1
Move 5.0%
29 Jul 16:40
Mixed
Pressure 2
Move 5.0%
Strike Map
Where activity is clustering
Strike190.00
Calls · V 0 · OI 0
Puts · V 0 · OI 1438
Strike195.00
Calls · V 0 · OI 0
Puts · V 0 · OI 1003
Strike200.00
Calls · V 0 · OI 0
Puts · V 0 · OI 1233
Strike205.00
Calls · V 0 · OI 1
Puts · V 3 · OI 2611
Strike210.00
Calls · V 0 · OI 0
Puts · V 0 · OI 955
Strike215.00
Calls · V 0 · OI 1
Puts · V 0 · OI 808
Strike220.00
Calls · V 0 · OI 0
Puts · V 0 · OI 46
Strike225.00
Calls · V 0 · OI 1
Puts · V 0 · OI 73
Term Structure
Expiration activity
Expiry7 Aug 2026
Contracts140
Avg IV0.23
Put-call0.54
Expiry14 Aug 2026
Contracts136
Avg IV0.23
Put-call0.19
Expiry21 Aug 2026
Contracts118
Avg IV0.23
Put-call0.25
Expiry28 Aug 2026
Contracts104
Avg IV0.23
Put-call2.60
Expiry4 Sep 2026
Contracts104
Avg IV0.23
Put-call0.39
Skew
Call/put IV balance
7 Aug 2026Balanced skew
Call IV0.23
Put IV0.23
Skew-
14 Aug 2026Balanced skew
Call IV0.21
Put IV0.24
Skew0.03
21 Aug 2026Balanced skew
Call IV0.22
Put IV0.24
Skew0.02
28 Aug 2026Balanced skew
Call IV0.22
Put IV0.24
Skew0.02
4 Sep 2026Balanced skew
Call IV0.22
Put IV0.24
Skew0.02
Contract Tape
Most active contracts
ContractV260814C00385000
SideCall
Expiry14 Aug 2026
Strike385.00
Volume2029
OI151
IV0.22
ContractV260918C00390000
SideCall
Expiry18 Sep 2026
Strike390.00
Volume1975
OI594
IV0.22
ContractV260821C00385000
SideCall
Expiry21 Aug 2026
Strike385.00
Volume1659
OI778
IV0.22
ContractV260918C00405000
SideCall
Expiry18 Sep 2026
Strike405.00
Volume1474
OI279
IV0.22
ContractV260821C00375000
SideCall
Expiry21 Aug 2026
Strike375.00
Volume1090
OI3419
IV0.22
ContractV260807C00375000
SideCall
Expiry7 Aug 2026
Strike375.00
Volume800
OI834
IV0.23
ContractV260821C00395000
SideCall
Expiry21 Aug 2026
Strike395.00
Volume474
OI336
IV0.22
ContractV260807C00365000
SideCall
Expiry7 Aug 2026
Strike365.00
Volume437
OI582
IV0.23
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.