Primary read
Mixed
Options-market disagreement
Ticker Options Intelligence
WDNA options intelligence
WISDOMTREE BIOREVOLUTION FUND options pressure, expected move, strike concentration, and Sharemaestro trend context.
Conviction
27
Market data through 15 Sep 2026
Checked 16 Sep 2026 11:08 · complete available chain
Options-market disagreement
Mixed pressure
WDNA currently carries mixed options pressure with a 27/100 conviction score. The nearest-chain expected move is 2.1%, with volume/open-interest participation at -.
Expected move
2.1%
Near-term move context
Activity / OI
-
Current volume is quieter versus prior open interest
Put-call
-
Balanced tape
Trend fit
96
Options agree with trend context
Weekly backdrop
-4.1%
RS 12.7
Expected move
2.1%
Put-call volume
-
Volume / OI
-
Reference IV
0.23
Max pain
15.00
Underlying
22.14
Nearest expiry
18 Sep 2026
Contracts
110
Research Brief
WDNA has a mixed chain read with 27/100 evidence alignment.
The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 21.68–22.60; The largest call open-interest concentration is 15.00; the largest put concentration is 15.00. The most active strike by current volume is 15.00.
Priced range21.68–22.60
Call concentration15.00
Put concentration15.00
Max pain reference15.00
- A clear directional pressure reading develops and price begins to agree.
- The current chain read already agrees with the stored weekly trend context.
- Participation is above the ticker's stored normal, which makes the read more noteworthy.
- 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 21.68 to 22.60. Max pain at 15.00 lies outside the priced range, so it is a weak near-term anchor.
Spot
Max pain
21.6822.14 ± 0.4622.60
Confirmation level
A close beyond 22.60 or below 21.68 at the 18 Sep 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 27/100
Pressure is 0/100 toward calls; conviction uses its strength, while the signal label carries its direction.
Directional pressure0 × 42%
+0.0
How strongly activity leans toward calls or puts.
Participation0 × 22%
+0.0
Volume relative to existing open interest and contract-level activity.
Trend agreement96 × 26%
+25.0
How closely the chain read agrees with the underlying trend backdrop.
Volatility24 × 10%
+2.4
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 15.00; the largest put concentration is 15.00. The most active strike by current volume is 15.00. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.
Put open interestStrikeCall open interest
0
15.00-32.2%
0
0
16.00-27.7%
0
0
17.00-23.2%
0
0
18.00-18.7%
0
0
19.00-14.2%
0
0
20.00-9.7%
0
0
21.00-5.1%
0
0
22.00-0.6%
0
0
23.003.9%
0
0
24.008.4%
0
0
25.0012.9%
0
Nearest spot strike Max pain strikeBars show relative OI within this expiry
Gamma Profile by Strike
Gamma profile unavailable
The retained chain has no contracts with both open interest and usable gamma or implied volatility.
Gamma exposure will appear when the retained chain has usable open interest plus reported gamma or implied volatility.
Volatility Curve
Front-loaded volatility
Near-term options are materially richer than later expirations, consistent with concentrated event or immediate-risk pricing.
0.23
18 Sep
3d
0.13
16 Oct
31d
0.15
20 Nov
66d
0.20
19 Feb
157d
Volatility by Strike
Downside protection premium
Out-of-the-money puts carry higher implied volatility than comparable calls, indicating richer downside protection.
18
19
20
21
22
23
24
25
Put IV Call IV
Historical Replay
How matured reads behaved through expiry
5 stored transitions are available, but none had a directional bullish or bearish label.
Directional follow-through-
Moves contained by pricing20%
Average expiry move19.5%
21 Aug
Volatility · 59
12.0% through expiry
28.6% priced · v2.0
4 Aug
Mixed · 28
21.7% through expiry
2.8% priced · v2.0
3 Aug
Mixed · 28
21.7% through expiry
2.8% priced · v2.0
31 Jul
Mixed · 29
21.7% through expiry
4.9% priced · v2.0
30 Jul
Mixed · 28
20.4% through expiry
2.9% priced · v2.0
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
Retained chain100%
Implied volatility100%
Two-sided quotes100%
Open interest100%
- Chain status
- Complete available chain
- Market date
- 15 Sep 2026
- Calculation
- v2.0
- Contracts
- 110 / 110
- 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
Likely noise
Visible options activity is too thin or mixed to support a strong intent classification.
The options read is mixed, so divergence is not strong enough to classify.
Likely noise matters because it connects the options headline to the actual evidence: $0 of estimated gross traded notional, no dominant cluster, 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+0
1W price-4.1%
Call premium0%
Put premium0%
Notional split
C 0% / P 0%
Estimated gross traded notional uses volume × contract multiplier × midpoint, or last price when no valid midpoint is available.
Freshness
-
Volume divided by open interest across the visible chain.
Trend fit
96/100
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.
No high-conviction option cluster is visible in this snapshot.
Setup Classification
Opportunity and risk frame
Positioning agrees with the Sharemaestro trend backdrop.
The tape is pricing or displaying unusually elevated activity.
Activity Anomaly
High anomaly
Current options activity is unusually hot versus this ticker's stored history.
Baseline: 12 completed sessions
Volume rank92th
Volume/OI rank-
IV rank83th
Market Context
Underlying confirmation
Close22.14
1W-4.1%
RS12.7
Fair value+41.5%
Options pressure0
Speculation0
Volatility24
Trend fit96
Today Versus Normal
Stored-options context
30d avg - · 6/10 sessions
-
90d avg - · 12/30 sessions
-
180d avg - · 12/60 sessions
-
30d avg - · 6/10 sessions
-
90d avg - · 12/30 sessions
-
180d avg - · 12/60 sessions
-
30d avg - · 1/10 sessions
-
90d avg - · 1/30 sessions
-
180d avg - · 1/60 sessions
-
30d avg - · 1/10 sessions
-
90d avg - · 7/30 sessions
-
180d avg - · 7/60 sessions
-
Pressure Trail
Recent pressure and volatility
29 Jul 13:25
Mixed
Pressure 12
Move 3.0%
30 Jul 13:12
Mixed
Pressure 12
Move 3.7%
31 Jul 12:52
Mixed
Pressure 12
Move 2.9%
3 Aug 11:42
Mixed
Pressure 12
Move 4.9%
4 Aug 12:52
Mixed
Pressure 12
Move 2.8%
5 Aug 13:15
Mixed
Pressure 12
Move 2.8%
21 Aug 21:05
Volatility
Pressure 100
Move 28.6%
1 Sep 11:42
Mixed
Pressure 0
Move 2.7%
Strike Map
Where activity is clustering
Strike15.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike16.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike17.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike18.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike19.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike20.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike21.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike22.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Term Structure
Expiration activity
Expiry18 Sep 2026
Contracts22
Avg IV0.23
Put-call-
Expiry16 Oct 2026
Contracts22
Avg IV0.13
Put-call-
Expiry20 Nov 2026
Contracts34
Avg IV0.15
Put-call-
Expiry19 Feb 2027
Contracts32
Avg IV0.20
Put-call-
Skew
Call/put IV balance
18 Sep 2026Call IV premium
Call IV0.21
Put IV0.11
Skew-0.10
16 Oct 2026Balanced skew
Call IV0.06
Put IV0.04
Skew-0.02
20 Nov 2026Balanced skew
Call IV0.03
Put IV0.03
Skew-
19 Feb 2027Balanced skew
Call IV0.01
Put IV0.02
Skew0.01
Contract Tape
Most active contracts
ContractWDNA260918P00015000
SidePut
Expiry18 Sep 2026
Strike15.00
Volume-
OI-
IV1.87
ContractWDNA260918C00016000
SideCall
Expiry18 Sep 2026
Strike16.00
Volume-
OI-
IV0.01
ContractWDNA260918P00016000
SidePut
Expiry18 Sep 2026
Strike16.00
Volume-
OI-
IV1.60
ContractWDNA260918C00017000
SideCall
Expiry18 Sep 2026
Strike17.00
Volume-
OI-
IV0.01
ContractWDNA260918P00017000
SidePut
Expiry18 Sep 2026
Strike17.00
Volume-
OI-
IV1.33
ContractWDNA260918C00018000
SideCall
Expiry18 Sep 2026
Strike18.00
Volume-
OI-
IV0.01
ContractWDNA260918P00018000
SidePut
Expiry18 Sep 2026
Strike18.00
Volume-
OI-
IV1.08
ContractWDNA260918C00019000
SideCall
Expiry18 Sep 2026
Strike19.00
Volume-
OI-
IV0.01
Research Graph
Related research and context
Sharemaestro research
Related News
No recent ticker-specific news yet.
Market Watch
No recent market-watch posts yet.
Earnings
No upcoming matched earnings event.
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.