Ticker Options Intelligence

FIVN options intelligence

Five9 Inc options pressure, expected move, strike concentration, and Sharemaestro trend context.

Conviction 50 Market data through 31 Jul 2026 Checked 1 Aug 2026 12:49 · complete available chain

Volatility expansion watch

Volatility pressure

FIVN currently carries volatility options pressure with a 50/100 conviction score. The nearest-chain expected move is 17.7%, with volume/open-interest participation at 0.01.

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

Volatility expansion watch

Expected move 17.7%

Wider near-term move priced

Activity / OI 0.01

Current volume is quieter versus prior open interest

Put-call 0.41

Call-side skew

Trend fit 61

Options agree with trend context

Weekly backdrop +19.0%

RS 19.6

Expected move 17.7%
Put-call volume 0.41
Volume / OI 0.01
Reference IV 0.94
Max pain 22.50
Underlying 27.51
Nearest expiry 21 Aug 2026
Contracts 214

Research Brief

FIVN has a volatility chain read with 50/100 evidence alignment.

The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 22.63–32.39; The largest call open-interest concentration is 25.00; the largest put concentration is 25.00. The most active strike by current volume is 32.50.

Priced range22.63–32.39
Call concentration25.00
Put concentration25.00
Max pain reference22.50
What would confirm it
  • A clear directional pressure reading develops and price begins to agree.
  • The current chain read already agrees with the stored weekly trend context.
What would weaken it
  • 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

Size, not direction · through 21 Aug

Options imply 22.63 to 32.39. Max pain at 22.50 lies outside the priced range, so it is a weak near-term anchor.

Spot Max pain
22.6327.51 ± 4.8832.39
Confirmation level

A close beyond 32.39 or below 22.63 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 50/100

Evidence alignment, not probability

Pressure is 52/100 toward calls; conviction uses its strength, while the signal label carries its direction.

Directional pressure52 × 42%
+21.7

How strongly activity leans toward calls or puts.

Participation13 × 22%
+2.9

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

Trend agreement61 × 26%
+15.8

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 score50.0Matches stored calculation

Positioning by Strike

Where open interest and current activity concentrate

Full strike map

The largest call open-interest concentration is 25.00; the largest put concentration is 25.00. The most active strike by current volume is 32.50. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.

Put open interestStrikeCall open interest
396
12.50-54.6%
0
144
15.00-45.5%
4
398
17.50-36.4%
15
350
20.00-27.3%
933
117
22.50-18.2%
1223
868
25.00-9.1%
2563
75
27.500.0%
2235
6
30.009.1%
2158
52
32.5018.1%
589
0
35.0027.2%
29
0
37.5036.3%
140
0
40.0045.4%
48
Nearest spot strike Max pain strikeBars show relative OI within this expiry

Volatility Curve

Front-loaded volatility

1.35× front/back

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

0.94 21 Aug 21d
0.81 18 Sep 49d
0.77 16 Oct 77d
0.75 15 Jan 168d
0.74 17 Dec 504d
0.73 21 Jan 539d
0.69 15 Dec 868d

Volatility by Strike

Balanced wings

Nearest expiry, within 20% of spot

Comparable upside calls and downside puts carry broadly similar implied volatility.

23
25
28
30
33
Put IV Call IV

Historical Replay

How matured reads behaved through expiry

0 directional observations

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
  • 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

High

A100/100
Retained chain100%
Implied volatility100%
Two-sided quotes100%
Open interest100%
Chain status
Complete available chain
Market date
31 Jul 2026
Calculation
v2.0
Contracts
214 / 214
  • 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

86/100
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: $444238 of estimated gross traded notional, calls · 46-90 days · itm, 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+52
1W price+19.0%
Call premium68%
Put premium32%
Notional split C 68% / P 32% 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 61/100 Agreement between options pressure and Sharemaestro market context.
Event window 6 Aug Matched earnings event is 5 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 · 46-90 days · ITM
Calls · 46-90 days · ITM calls cluster with 334 contracts traded, $189560 estimated gross traded notional, and 43% of visible notional.
$189560
Puts · 91+ days · ITM puts cluster with 41 contracts traded, $73680 estimated gross traded notional, and 17% of visible notional.
$73680
Calls · 91+ days · ITM calls cluster with 57 contracts traded, $48165 estimated gross traded notional, and 11% of visible notional.
$48165
Puts · 91+ days · ATM puts cluster with 90 contracts traded, $45900 estimated gross traded notional, and 10% of visible notional.
$45900
Calls · 91+ days · OTM calls cluster with 77 contracts traded, $23700 estimated gross traded notional, and 5% of visible notional.
$23700

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.

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

Sharemaestro weekly
Close27.51
1W+19.0%
RS19.6
Fair value-28.6%
Options pressure52
Speculation13
Volatility96
Trend fit61

Today Versus Normal

Stored-options context

View history
Expected move 17.7% history building
30d avg - · 3/10 sessions -
90d avg - · 3/30 sessions -
180d avg - · 3/60 sessions -
IV 0.94 history building
30d avg - · 3/10 sessions -
90d avg - · 3/30 sessions -
180d avg - · 3/60 sessions -
Put-call 0.41 history building
30d avg - · 3/10 sessions -
90d avg - · 3/30 sessions -
180d avg - · 3/60 sessions -
Volume/OI 0.01 history building
30d avg - · 3/10 sessions -
90d avg - · 3/30 sessions -
180d avg - · 3/60 sessions -

Pressure Trail

Recent pressure and volatility

Open trail
29 Jul 11:04 Volatility
Pressure 88
Move 26.1%
30 Jul 00:07 Volatility
Pressure 74
Move 28.2%
30 Jul 13:28 Volatility
Pressure 100
Move 28.2%
30 Jul 14:07 Bullish
Pressure 25
Move 30.1%
30 Jul 14:54 Mixed
Pressure 8
Move 28.7%
30 Jul 15:32 Volatility
Pressure 3
Move 28.5%
30 Jul 17:50 Volatility
Pressure 23
Move 28.4%
31 Jul 11:06 Volatility
Pressure 75
Move 28.0%

Strike Map

Where activity is clustering

Full strike map
Strike12.50
Calls · V 0 · OI 0
Puts · V 0 · OI 396
Strike15.00
Calls · V 0 · OI 4
Puts · V 0 · OI 144
Strike17.50
Calls · V 0 · OI 15
Puts · V 0 · OI 398
Strike20.00
Calls · V 2 · OI 933
Puts · V 11 · OI 350
Strike22.50
Calls · V 0 · OI 1223
Puts · V 10 · OI 117
Strike25.00
Calls · V 5 · OI 2563
Puts · V 6 · OI 868
Strike27.50
Calls · V 14 · OI 2235
Puts · V 4 · OI 75
Strike30.00
Calls · V 32 · OI 2158
Puts · V 0 · OI 6

Term Structure

Expiration activity

Volume and IV
Expiry21 Aug 2026
Contracts24
Avg IV0.94
Put-call0.18
Expiry18 Sep 2026
Contracts24
Avg IV0.81
Put-call-
Expiry16 Oct 2026
Contracts30
Avg IV0.77
Put-call0.13
Expiry15 Jan 2027
Contracts48
Avg IV0.75
Put-call1.41
Expiry17 Dec 2027
Contracts32
Avg IV0.74
Put-call-

Skew

Call/put IV balance

OTM demand
21 Aug 2026Balanced skew
Call IV0.93
Put IV0.93
Skew-
18 Sep 2026Balanced skew
Call IV0.82
Put IV0.82
Skew-
16 Oct 2026Balanced skew
Call IV0.80
Put IV0.80
Skew-
15 Jan 2027Balanced skew
Call IV0.74
Put IV0.75
Skew0.01
17 Dec 2027Balanced skew
Call IV0.73
Put IV0.76
Skew0.03

Contract Tape

Most active contracts

Full contract tape
ContractFIVN261016C00025000
SideCall
Expiry16 Oct 2026
Strike25.00
Volume226
OI7565
IV0.76
ContractFIVN261016C00022500
SideCall
Expiry16 Oct 2026
Strike22.50
Volume97
OI12925
IV0.78
ContractFIVN270115P00027500
SidePut
Expiry15 Jan 2027
Strike27.50
Volume90
OI118
IV0.73
ContractFIVN260821C00032500
SideCall
Expiry21 Aug 2026
Strike32.50
Volume73
OI589
IV0.93
ContractFIVN261016P00017500
SidePut
Expiry16 Oct 2026
Strike17.50
Volume51
OI2845
IV0.88
ContractFIVN270115P00015000
SidePut
Expiry15 Jan 2027
Strike15.00
Volume50
OI226
IV0.79
ContractFIVN260821C00035000
SideCall
Expiry21 Aug 2026
Strike35.00
Volume47
OI29
IV0.96
ContractFIVN261016C00035000
SideCall
Expiry16 Oct 2026
Strike35.00
Volume46
OI372
IV0.77