Ticker Options Intelligence

NTSK options intelligence

Netskope, Inc. Class A Common Stock options pressure, expected move, strike concentration, and Sharemaestro trend context.

Conviction 48 Market data through 11 Aug 2026 Checked 12 Aug 2026 02:31 · complete available chain

Volatility expansion watch

Volatility pressure

NTSK currently carries volatility options pressure with a 48/100 conviction score. The nearest-chain expected move is 9.9%, with volume/open-interest participation at 0.06.

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

Volatility expansion watch

Expected move 9.9%

Wider near-term move priced

Activity / OI 0.06

Current volume is quieter versus prior open interest

Put-call 0.13

Call-side skew

Trend fit 9

Options are not fully confirming trend

Weekly backdrop +18.1%

Sharemaestro weekly context

Expected move 9.9%
Put-call volume 0.13
Volume / OI 0.06
Reference IV 0.78
Max pain 10.00
Underlying 14.87
Nearest expiry 21 Aug 2026
Contracts 104

Research Brief

NTSK has a volatility chain read with 48/100 evidence alignment.

The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 13.39–16.35; The largest call open-interest concentration is 12.50; the largest put concentration is 10.00. The most active strike by current volume is 17.50.

Priced range13.39–16.35
Call concentration12.50
Put concentration10.00
Max pain reference10.00
What would confirm it
  • A clear directional pressure reading develops and price begins to agree.
What would weaken it
  • Volatility falls and the chain remains directionally mixed.
  • Options and the weekly trend are not yet giving the same message.

Priced Move

Where the chain says movement becomes exceptional

Size, not direction · through 21 Aug

Options imply 13.39 to 16.35. Max pain at 10.00 lies outside the priced range, so it is a weak near-term anchor.

Spot Max pain
13.3914.87 ± 1.4816.35
Confirmation level

A close beyond 16.35 or below 13.39 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 48/100

Evidence alignment, not probability

Pressure is 83/100 toward calls; conviction uses its strength, while the signal label carries its direction.

Directional pressure83 × 42%
+34.9

How strongly activity leans toward calls or puts.

Participation8 × 22%
+1.7

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

Trend agreement9 × 26%
+2.3

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

Volatility94 × 10%
+9.4

The intensity of implied volatility and the priced move.

Reconstructed score48.3Matches stored calculation

Positioning by Strike

Where open interest and current activity concentrate

Full strike map

The largest call open-interest concentration is 12.50; the largest put concentration is 10.00. The most active strike by current volume is 17.50. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.

Put open interestStrikeCall open interest
0
2.50-83.2%
0
2
5.00-66.4%
0
333
7.50-49.6%
6
8473
10.00-32.8%
359
162
12.50-15.9%
6932
117
15.000.9%
4993
1
17.5017.7%
4056
0
20.0034.5%
158
0
22.5051.3%
1
0
25.0068.1%
4
Nearest spot strike Max pain strikeBars show relative OI within this expiry

Gamma Profile by Strike

Positive gamma proxy

Reported Greeks · 99% 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+$534,376Delta change / 1% move
Positive peak15.00+$239,788
Negative peak10.00-$16,635
Nearest balance10.40Interpolated sign change
StrikeNegativePositiveNet / 1% move
2.50-83.2%
-$2
5.00-66.4%
+$133
7.50-49.6%
-$1,735
10.00-32.8%
-$16,635
12.50-15.9%
+$86,529
15.000.9%
+$239,788
17.5017.7%
+$143,022
20.0034.5%
+$30,669
22.5051.3%
+$11,701
25.0068.1%
+$32,535
30.00101.7%
+$5,859
35.00135.4%
+$2,513
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

Back-loaded volatility

0.84× front/back

Longer-dated options carry more implied volatility than the front expiry, so risk is priced farther out.

0.78 21 Aug 10d
0.96 18 Sep 38d
0.97 16 Oct 66d
0.93 18 Dec 129d
0.93 15 Jan 157d

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.

13
15
18
Put IV Call IV

Historical Replay

How matured reads behaved through expiry

0 matured · 0 directional

Forward validation is building. The earliest eligible stored read expires 21 Aug 2026; its result will appear after the matched closing reference is stored.

Directional follow-through-
Moves contained by pricing-
Average expiry move-
Validation readiness
  • Auditable calculationoriginal version retained
  • Independent entryone read per market session
  • Point-in-time referencerequired at entry
  • Matched expiry closereported only after maturity

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

Usable with limits

C69/100
Retained chain100%
Implied volatility100%
Two-sided quotes100%
Open interest100%
Chain status
Complete available chain
Market date
11 Aug 2026
Calculation
v2.0
Contracts
104 / 104
  • 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

92/100
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 Volatility flow versus price

Options are pricing movement more than direction; compare expected move with the stock's actual weekly change.

Why this matters

Earnings/event positioning matters because it connects the options headline to the actual evidence: $191,002 of estimated gross traded notional, calls · 8-21 days · otm, and a volatility flow versus price backdrop. Use it as a research priority signal, then validate the chart, liquidity, event calendar, and risk before acting.

Options pressure+83
1W price+18.1%
Call premium88%
Put premium12%
Notional split C 88% / P 12% Estimated gross traded notional uses volume × contract multiplier × midpoint, or last price when no valid midpoint is available.
Freshness 0.06 Volume divided by open interest across the visible chain.
Trend fit 9/100 Agreement between options pressure and Sharemaestro market context.
Event window 2 Sep Matched earnings event is 20 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 Calls · 8-21 days · OTM
Calls · 8-21 days · OTM calls cluster with 1973 contracts traded, $54,258 estimated gross traded notional, and 28% of visible notional.
$54,258
Calls · 8-21 days · ITM calls cluster with 78 contracts traded, $23,010 estimated gross traded notional, and 12% of visible notional.
$23,010
Calls · 46-90 days · ATM calls cluster with 58 contracts traded, $16,965 estimated gross traded notional, and 9% of visible notional.
$16,965
Calls · 91+ days · ITM calls cluster with 26 contracts traded, $16,815 estimated gross traded notional, and 9% of visible notional.
$16,815
Calls · 91+ days · OTM calls cluster with 103 contracts traded, $16,098 estimated gross traded notional, and 8% of visible notional.
$16,098

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

Warming up

-

9 of 10 completed market sessions are available. More session history is needed before activity can be compared with a reliable normal.

Baseline: 9 completed sessions

Volume rank-
Volume/OI rank-
IV rank-

Market Context

Underlying confirmation

Sharemaestro weekly
Close14.87
1W+18.1%
RS-
Fair value+1.0%
Options pressure83
Speculation8
Volatility94
Trend fit9

Today Versus Normal

Stored-options context

View history
Expected move 9.9% history building
30d avg - · 9/10 sessions -
90d avg - · 9/30 sessions -
180d avg - · 9/60 sessions -
IV 0.78 history building
30d avg - · 9/10 sessions -
90d avg - · 9/30 sessions -
180d avg - · 9/60 sessions -
Put-call 0.13 history building
30d avg - · 9/10 sessions -
90d avg - · 9/30 sessions -
180d avg - · 9/60 sessions -
Volume/OI 0.06 history building
30d avg - · 9/10 sessions -
90d avg - · 9/30 sessions -
180d avg - · 9/60 sessions -

Pressure Trail

Recent pressure and volatility

Open trail
29 Jul 10:41 Volatility
Pressure -5
Move 21.5%
30 Jul 10:38 Volatility
Pressure 69
Move 21.5%
31 Jul 12:27 Volatility
Pressure 78
Move 17.6%
2 Aug 11:30 Volatility
Pressure 54
Move 16.9%
2 Aug 18:14 Volatility
Pressure 64
Move 16.9%
4 Aug 10:40 Volatility
Pressure 87
Move 16.7%
5 Aug 11:11 Volatility
Pressure 68
Move 17.7%
6 Aug 11:14 Volatility
Pressure 94
Move 17.1%

Strike Map

Where activity is clustering

Full strike map
Strike2.50
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike5.00
Calls · V 0 · OI 0
Puts · V 0 · OI 2
Strike7.50
Calls · V 0 · OI 6
Puts · V 0 · OI 333
Strike10.00
Calls · V 0 · OI 359
Puts · V 5 · OI 8473
Strike12.50
Calls · V 78 · OI 6932
Puts · V 2 · OI 162
Strike15.00
Calls · V 47 · OI 4993
Puts · V 93 · OI 117
Strike17.50
Calls · V 1973 · OI 4056
Puts · V 0 · OI 1
Strike20.00
Calls · V 0 · OI 158
Puts · V 0 · OI 0

Term Structure

Expiration activity

Volume and IV
Expiry21 Aug 2026
Contracts20
Avg IV0.78
Put-call0.05
Expiry18 Sep 2026
Contracts20
Avg IV0.96
Put-call0.71
Expiry16 Oct 2026
Contracts20
Avg IV0.97
Put-call0.06
Expiry18 Dec 2026
Contracts24
Avg IV0.93
Put-call1.40
Expiry15 Jan 2027
Contracts20
Avg IV0.93
Put-call0.04

Skew

Call/put IV balance

OTM demand
21 Aug 2026Balanced skew
Call IV0.92
Put IV0.97
Skew0.05
18 Sep 2026Put IV premium
Call IV0.93
Put IV1.00
Skew0.07
16 Oct 2026Balanced skew
Call IV0.94
Put IV0.96
Skew0.02
18 Dec 2026Balanced skew
Call IV0.91
Put IV0.94
Skew0.03
15 Jan 2027Balanced skew
Call IV0.93
Put IV0.94
Skew0.01

Contract Tape

Most active contracts

Full contract tape
ContractNTSK260821C00017500
SideCall
Expiry21 Aug 2026
Strike17.50
Volume1973
OI4056
IV0.92
ContractNTSK260918C00017500
SideCall
Expiry18 Sep 2026
Strike17.50
Volume103
OI881
IV0.93
ContractNTSK260821P00015000
SidePut
Expiry21 Aug 2026
Strike15.00
Volume93
OI117
IV0.63
ContractNTSK261016C00017500
SideCall
Expiry16 Oct 2026
Strike17.50
Volume80
OI352
IV0.87
ContractNTSK260821C00012500
SideCall
Expiry21 Aug 2026
Strike12.50
Volume78
OI6932
IV0.81
ContractNTSK260918C00020000
SideCall
Expiry18 Sep 2026
Strike20.00
Volume76
OI348
IV0.93
ContractNTSK261218P00007500
SidePut
Expiry18 Dec 2026
Strike7.50
Volume75
OI547
IV0.98
ContractNTSK260918P00015000
SidePut
Expiry18 Sep 2026
Strike15.00
Volume64
OI187
IV0.96

Evidence context