Ticker Options Intelligence

DBI options intelligence

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

Conviction 55 Market data through 11 Aug 2026 Checked 12 Aug 2026 14:23 · complete available chain

Volatility expansion watch

Volatility pressure

DBI currently carries volatility options pressure with a 55/100 conviction score. The nearest-chain expected move is 17.0%, with volume/open-interest participation at 0.00.

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

Volatility expansion watch

Expected move 17.0%

Wider near-term move priced

Activity / OI 0.00

Current volume is quieter versus prior open interest

Put-call 0.00

Call-side skew

Trend fit 0

Options are not fully confirming trend

Weekly backdrop +8.4%

RS 1.5

Expected move 17.0%
Put-call volume -
Volume / OI 0.00
Reference IV 1.61
Max pain 5.00
Underlying 6.55
Nearest expiry 21 Aug 2026
Contracts 52

Research Brief

DBI has a volatility chain read with 55/100 evidence alignment.

The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 5.44–7.66; The largest call open-interest concentration is 7.50; the largest put concentration is 2.50. The most active strike by current volume is 2.50.

Priced range5.44–7.66
Call concentration7.50
Put concentration2.50
Max pain reference5.00
What would confirm it
  • A clear directional pressure reading develops and price begins to agree.
  • Participation is above the ticker's stored normal, which makes the read more noteworthy.
What would weaken it
  • Volatility falls and the chain remains directionally mixed.
  • Options and the weekly trend are not yet giving the same message.
  • 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 21 Aug

Options imply 5.44 to 7.66. Max pain at 5.00 lies outside the priced range, so it is a weak near-term anchor.

Spot Max pain
5.446.55 ± 1.117.66
Confirmation level

A close beyond 7.66 or below 5.44 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 55/100

Evidence alignment, not probability

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

Directional pressure100 × 42%
+42.0

How strongly activity leans toward calls or puts.

Participation16 × 22%
+3.5

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

Trend agreement0 × 26%
+0.0

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

Volatility96 × 10%
+9.6

The intensity of implied volatility and the priced move.

Reconstructed score55.1Matches stored calculation

Positioning by Strike

Where open interest and current activity concentrate

Full strike map

The largest call open-interest concentration is 7.50; the largest put concentration is 2.50. The most active strike by current volume is 2.50. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.

Put open interestStrikeCall open interest
266
2.50-61.8%
6
102
5.00-23.7%
9
6
7.5014.5%
204
1
10.0052.7%
0
2
12.5090.8%
0
Nearest spot strike Max pain strikeBars show relative OI within this expiry

Gamma Profile by Strike

Positive gamma proxy

Reported Greeks · 86% 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+$115,358Delta change / 1% move
Positive peak10.00+$80,811
Negative peak3.00-$828
Nearest balance3.08Interpolated sign change
StrikeNegativePositiveNet / 1% move
2.50-61.8%
-$69
3.00-54.2%
-$828
5.00-23.7%
+$19,750
7.006.9%
+$949
7.5014.5%
+$8,846
10.0052.7%
+$80,811
12.5090.8%
+$545
15.00129.0%
+$5,354
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

Front-loaded volatility

1.92× front/back

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

1.61 21 Aug 10d
1.06 18 Sep 38d
1.03 16 Oct 66d
0.95 15 Jan 157d
0.84 17 Dec 493d

Volatility by Strike

Smile incomplete

Nearest expiry, within 20% of spot

There is not enough comparable OTM call and put volatility to classify the smile.

8
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
52 / 52
  • 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

Volatility expansion bet

92/100
Primary intent Volatility expansion bet

The strongest message is movement risk: expected move and implied volatility are carrying more signal than 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

Volatility expansion bet matters because it connects the options headline to the actual evidence: $3,210 of estimated gross traded notional, calls · 91+ 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+100
1W price+8.4%
Call premium100%
Put premium0%
Notional split C 100% / P 0% Estimated gross traded notional uses volume × contract multiplier × midpoint, or last price when no valid midpoint is available.
Freshness 0.00 Volume divided by open interest across the visible chain.
Trend fit 0/100 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.
Conviction clusters Calls · 91+ days · OTM
Calls · 91+ days · OTM calls cluster with 10 contracts traded, $2,200 estimated gross traded notional, and 69% of visible notional.
$2,200
Calls · 91+ days · ITM calls cluster with 4 contracts traded, $830 estimated gross traded notional, and 26% of visible notional.
$830
Calls · 22-45 days · OTM calls cluster with 14 contracts traded, $140 estimated gross traded notional, and 4% of visible notional.
$140
Calls · 46-90 days · OTM calls cluster with 2 contracts traded, $40 estimated gross traded notional, and 1% of visible notional.
$40

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

Above normal

67

Activity is running above the recent historical baseline.

Baseline: 10 completed sessions

Volume rank50th
Volume/OI rank50th
IV rank100th

Market Context

Underlying confirmation

Sharemaestro weekly
Close6.55
1W+8.4%
RS1.5
Fair value+4.0%
Options pressure100
Speculation16
Volatility96
Trend fit0

Today Versus Normal

Stored-options context

View history
Expected move 17.0% muted
30d avg 24.2% · 10 sessions 10th
90d avg - · 10/30 sessions -
180d avg - · 10/60 sessions -
IV 1.61 elevated
30d avg 1.03 · 10 sessions 100th
90d avg - · 10/30 sessions -
180d avg - · 10/60 sessions -
Put-call 0.00 history building
30d avg - · 9/10 sessions -
90d avg - · 9/30 sessions -
180d avg - · 9/60 sessions -
Volume/OI 0.00 near normal
30d avg 0.02 · 10 sessions 50th
90d avg - · 10/30 sessions -
180d avg - · 10/60 sessions -

Pressure Trail

Recent pressure and volatility

Open trail
29 Jul 11:28 Volatility
Pressure 95
Move 28.8%
30 Jul 11:13 Mixed
Pressure -13
Move 27.5%
31 Jul 10:50 Mixed
Pressure 11
Move 26.1%
31 Jul 17:16 Volatility
Pressure 98
Move 26.1%
2 Aug 01:48 Volatility
Pressure -22
Move 23.6%
4 Aug 10:15 Volatility
Pressure -48
Move 25.6%
5 Aug 00:04 Bullish
Pressure 73
Move 28.1%
6 Aug 09:08 Volatility
Pressure 100
Move 18.4%

Strike Map

Where activity is clustering

Full strike map
Strike2.50
Calls · V 0 · OI 6
Puts · V 0 · OI 266
Strike5.00
Calls · V 0 · OI 9
Puts · V 0 · OI 102
Strike7.50
Calls · V 0 · OI 204
Puts · V 0 · OI 6
Strike10.00
Calls · V 0 · OI 0
Puts · V 0 · OI 1
Strike12.50
Calls · V 0 · OI 0
Puts · V 0 · OI 2

Term Structure

Expiration activity

Volume and IV
Expiry21 Aug 2026
Contracts10
Avg IV1.61
Put-call-
Expiry18 Sep 2026
Contracts10
Avg IV1.06
Put-call-
Expiry16 Oct 2026
Contracts10
Avg IV1.03
Put-call-
Expiry15 Jan 2027
Contracts12
Avg IV0.95
Put-call-
Expiry17 Dec 2027
Contracts10
Avg IV0.84
Put-call-

Skew

Call/put IV balance

OTM demand
21 Aug 2026Put IV premium
Call IV0.57
Put IV0.79
Skew0.21
18 Sep 2026Put IV premium
Call IV1.03
Put IV1.17
Skew0.14
16 Oct 2026Balanced skew
Call IV0.93
Put IV0.98
Skew0.05
15 Jan 2027Put IV premium
Call IV0.75
Put IV0.87
Skew0.13
17 Dec 2027Put IV premium
Call IV0.24
Put IV1.12
Skew0.88

Contract Tape

Most active contracts

Full contract tape
ContractDBI260918C00010000
SideCall
Expiry18 Sep 2026
Strike10.00
Volume14
OI-
IV0.66
ContractDBI271217C00007500
SideCall
Expiry17 Dec 2027
Strike7.50
Volume10
OI5
IV0.86
ContractDBI270115C00005000
SideCall
Expiry15 Jan 2027
Strike5.00
Volume4
OI6177
IV0.86
ContractDBI261016C00010000
SideCall
Expiry16 Oct 2026
Strike10.00
Volume2
OI765
IV0.93
ContractDBI270115C00010000
SideCall
Expiry15 Jan 2027
Strike10.00
Volume-
OI17431
IV0.75
ContractDBI270115C00015000
SideCall
Expiry15 Jan 2027
Strike15.00
Volume-
OI2045
IV1.02
ContractDBI261016C00007500
SideCall
Expiry16 Oct 2026
Strike7.50
Volume-
OI1292
IV0.94
ContractDBI270115P00003000
SidePut
Expiry15 Jan 2027
Strike3.00
Volume-
OI830
IV1.34

Evidence context