Primary read
Mixed
Options-market disagreement
Ticker Options Intelligence
PODD options intelligence
Insulet Corporation options pressure, expected move, strike concentration, and Sharemaestro trend context.
Conviction
33
Market data through 31 Jul 2026
Checked 31 Jul 2026 19:13 · complete available chain
Options-market disagreement
Mixed pressure
PODD currently carries mixed options pressure with a 33/100 conviction score. The nearest-chain expected move is 12.6%, with volume/open-interest participation at 0.09.
Expected move
12.6%
Wider near-term move priced
Activity / OI
0.09
Current volume is quieter versus prior open interest
Put-call
0.87
Balanced tape
Trend fit
43
Options are not fully confirming trend
Weekly backdrop
+1.3%
RS -40.4
Expected move
12.6%
Put-call volume
0.87
Volume / OI
0.09
Reference IV
0.64
Max pain
155.00
Underlying
163.26
Nearest expiry
21 Aug 2026
Contracts
179
Research Brief
PODD has a mixed chain read with 33/100 evidence alignment.
The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 142.71–183.81; The largest call open-interest concentration is 180.00; the largest put concentration is 125.00. The most active strike by current volume is 160.00.
Priced range142.71–183.81
Call concentration180.00
Put concentration125.00
Max pain reference155.00
- A clear directional pressure reading develops and price begins to agree.
- 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
Options imply 142.71 to 183.81. Max pain at 155.00 sits inside that range, 5.1% below spot.
Spot
Max pain
142.71163.26 ± 20.55183.81
Confirmation level
A close beyond 183.81 or below 142.71 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 33/100
Pressure is 16/100 toward calls; conviction uses its strength, while the signal label carries its direction.
Directional pressure16 × 42%
+6.6
How strongly activity leans toward calls or puts.
Participation32 × 22%
+7.1
Volume relative to existing open interest and contract-level activity.
Trend agreement43 × 26%
+11.2
How closely the chain read agrees with the underlying trend backdrop.
Volatility85 × 10%
+8.5
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 180.00; the largest put concentration is 125.00. The most active strike by current volume is 160.00. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.
Put open interestStrikeCall open interest
13
120.00-26.5%
0
59
125.00-23.4%
0
11
135.00-17.3%
0
10
140.00-14.2%
1
14
145.00-11.2%
1
17
150.00-8.1%
23
13
155.00-5.1%
26
8
160.00-2.0%
169
11
165.001.1%
185
4
170.004.1%
182
0
175.007.2%
333
1
180.0010.3%
1108
0
185.0013.3%
50
0
190.0016.4%
44
0
195.0019.4%
64
1
200.0022.5%
24
0
210.0028.6%
82
Nearest spot strike Max pain strikeBars show relative OI within this expiry
Volatility Curve
Front-loaded volatility
Near-term options are materially richer than later expirations, consistent with concentrated event or immediate-risk pricing.
0.64
21 Aug
21d
0.40
18 Sep
49d
0.55
18 Dec
140d
0.53
19 Mar
231d
Volatility by Strike
Downside protection premium
Out-of-the-money puts carry higher implied volatility than comparable calls, indicating richer downside protection.
135
140
145
150
155
160
165
170
175
180
185
190
195
Put IV Call IV
Historical Replay
How matured reads behaved through expiry
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
Retained chain100%
Implied volatility100%
Two-sided quotes99%
Open interest100%
- Chain status
- Complete available chain
- Market date
- 31 Jul 2026
- Calculation
- v2.0
- Contracts
- 179 / 179
- 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
Options activity is concentrated around a live event window, so the cleanest read is event positioning rather than pure direction.
The options read is mixed, so divergence is not strong enough to classify.
Earnings/event positioning matters because it connects the options headline to the actual evidence: $1.4M of estimated gross traded notional, puts · 91+ days · itm, 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+16
1W price+1.3%
Call premium33%
Put premium67%
Notional split
C 33% / P 67%
Estimated gross traded notional uses volume × contract multiplier × midpoint, or last price when no valid midpoint is available.
Freshness
0.09
Volume divided by open interest across the visible chain.
Trend fit
43/100
Agreement between options pressure and Sharemaestro market context.
Event window
5 Aug
Matched earnings event is 3 days away.
Aggregate chain data does not identify trade aggressor or opening versus closing activity; call/put concentration is not proof of market direction.
Puts · 91+ days · ITM
puts cluster with 87 contracts traded, $575352 estimated gross traded notional, and 42% of visible notional.
$575352
Puts · 46-90 days · ITM
puts cluster with 33 contracts traded, $196817 estimated gross traded notional, and 15% of visible notional.
$196817
Calls · 91+ days · ITM
calls cluster with 30 contracts traded, $134427 estimated gross traded notional, and 10% of visible notional.
$134427
Calls · 91+ days · OTM
calls cluster with 121 contracts traded, $119860 estimated gross traded notional, and 9% of visible notional.
$119860
Calls · 46-90 days · ITM
calls cluster with 28 contracts traded, $70950 estimated gross traded notional, and 5% of visible notional.
$70950
Setup Classification
Opportunity and risk frame
The tape is pricing or displaying unusually elevated activity.
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
Close165.35
1W+1.3%
RS-40.4
Fair value-28.7%
Options pressure16
Speculation32
Volatility85
Trend fit43
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 10:28
Volatility
Pressure 96
Move 13.7%
30 Jul 10:23
Volatility
Pressure 100
Move 13.6%
31 Jul 13:14
Bullish
Pressure 67
Move 14.4%
31 Jul 15:08
Mixed
Pressure 16
Move 12.8%
31 Jul 15:36
Mixed
Pressure 16
Move 12.6%
31 Jul 15:59
Mixed
Pressure 16
Move 12.5%
31 Jul 17:17
Mixed
Pressure 16
Move 12.8%
31 Jul 18:13
Mixed
Pressure 16
Move 12.6%
Strike Map
Where activity is clustering
Strike105.00
Calls · V 0 · OI 0
Puts · V 0 · OI 1
Strike110.00
Calls · V 0 · OI 0
Puts · V 3 · OI 4
Strike120.00
Calls · V 0 · OI 0
Puts · V 4 · OI 13
Strike125.00
Calls · V 0 · OI 0
Puts · V 30 · OI 59
Strike130.00
Calls · V 0 · OI 0
Puts · V 1 · OI 2
Strike135.00
Calls · V 0 · OI 0
Puts · V 1 · OI 11
Strike140.00
Calls · V 0 · OI 1
Puts · V 4 · OI 10
Strike145.00
Calls · V 0 · OI 1
Puts · V 3 · OI 14
Term Structure
Expiration activity
Expiry21 Aug 2026
Contracts29
Avg IV0.64
Put-call0.95
Expiry18 Sep 2026
Contracts61
Avg IV0.40
Put-call0.64
Expiry18 Dec 2026
Contracts80
Avg IV0.55
Put-call1.01
Expiry19 Mar 2027
Contracts9
Avg IV0.53
Put-call1.00
Skew
Call/put IV balance
21 Aug 2026Put IV premium
Call IV0.61
Put IV0.67
Skew0.06
18 Sep 2026Balanced skew
Call IV0.53
Put IV0.54
Skew0.01
18 Dec 2026Balanced skew
Call IV0.50
Put IV0.51
Skew0.01
19 Mar 2027Balanced skew
Call IV0.54
Put IV0.53
Skew-0.01
Contract Tape
Most active contracts
ContractPODD261218C00490000
SideCall
Expiry18 Dec 2026
Strike490.00
Volume-
OI19
IV1.11
ContractPODD270319P00115000
SidePut
Expiry19 Mar 2027
Strike115.00
Volume-
OI10
IV0.57
ContractPODD270319C00170000
SideCall
Expiry19 Mar 2027
Strike170.00
Volume-
OI3
IV0.54
ContractPODD261218C00110000
SideCall
Expiry18 Dec 2026
Strike110.00
Volume-
OI2
IV0.56
ContractPODD270319C00190000
SideCall
Expiry19 Mar 2027
Strike190.00
Volume-
OI2
IV0.53
ContractPODD260918C00390000
SideCall
Expiry18 Sep 2026
Strike390.00
Volume-
OI1
IV1.18
ContractPODD261218C00360000
SideCall
Expiry18 Dec 2026
Strike360.00
Volume-
OI1
IV0.77
ContractPODD270319C00240000
SideCall
Expiry19 Mar 2027
Strike240.00
Volume-
OI1
IV0.51
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
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.