Ticker Options Intelligence

AVY options intelligence

Avery Dennison Corp options pressure, expected move, strike concentration, and Sharemaestro trend context.

Conviction 65 Market data through 30 Jul 2026 Checked 31 Jul 2026 12:05 · complete available chain

Put-side pressure

Bearish pressure

AVY currently carries bearish options pressure with a 65/100 conviction score. The nearest-chain expected move is 11.0%, with volume/open-interest participation at 0.54.

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

Put-side pressure

Expected move 11.0%

Wider near-term move priced

Activity / OI 0.54

Current volume is elevated versus prior open interest

Put-call 6.23

Put-side skew

Trend fit 44

Options are not fully confirming trend

Weekly backdrop +0.3%

RS -12.6

Expected move 11.0%
Put-call volume 6.23
Volume / OI 0.54
Reference IV 0.33
Max pain 165.00
Underlying 160.90
Nearest expiry 21 Aug 2026
Contracts 204

Research Brief

AVY has a bearish chain read with 65/100 evidence alignment.

The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 143.15–178.65; The largest call open-interest concentration is 175.00; the largest put concentration is 165.00. The most active strike by current volume is 165.00.

Priced range143.15–178.65
Call concentration175.00
Put concentration165.00
Max pain reference165.00
What would confirm it
  • Price remains weak while put-side concentration persists.
What would weaken it
  • Price recovers while put pressure fades or reverses toward calls.
  • 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 143.15 to 178.65. Max pain at 165.00 sits inside that range, 2.5% above spot.

Spot Max pain
143.15160.90 ± 17.75178.65
Confirmation level

A close beyond 178.65 or below 143.15 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 65/100

Evidence alignment, not probability

Pressure is 84/100 toward puts; conviction uses its strength, while the signal label carries its direction.

Directional pressure84 × 42%
+35.4

How strongly activity leans toward calls or puts.

Participation53 × 22%
+11.6

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

Trend agreement44 × 26%
+11.4

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

Volatility63 × 10%
+6.3

The intensity of implied volatility and the priced move.

Reconstructed score64.7Matches stored calculation

Positioning by Strike

Where open interest and current activity concentrate

Full strike map

The largest call open-interest concentration is 175.00; the largest put concentration is 165.00. The most active strike by current volume is 165.00. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.

Put open interestStrikeCall open interest
0
105.00-34.7%
0
0
110.00-31.6%
0
0
115.00-28.5%
0
2
130.00-19.2%
0
1
135.00-16.1%
0
6
140.00-13.0%
0
3
145.00-9.9%
1
10
150.00-6.8%
5
269
155.00-3.7%
1
559
160.00-0.6%
8
990
165.002.5%
71
1
170.005.7%
64
0
175.008.8%
117
0
180.0011.9%
2
0
185.0015.0%
8
0
190.0018.1%
0
0
200.0024.3%
10
Nearest spot strike Max pain strikeBars show relative OI within this expiry

Volatility Curve

Front-loaded volatility

1.20× front/back

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

0.33 21 Aug 22d
0.29 18 Sep 50d
0.26 16 Oct 78d
0.27 15 Jan 169d

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.

130
135
140
145
150
155
160
165
170
175
180
185
190
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

Usable with limits

C69/100
Retained chain100%
Implied volatility100%
Two-sided quotes100%
Open interest100%
Chain status
Complete available chain
Market date
30 Jul 2026
Calculation
v2.0
Contracts
204 / 204
  • 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

Put-heavy activity

94/100
Primary intent Put-heavy activity

Put-side activity dominates. This can reflect hedging or directional positioning, but the chain alone cannot distinguish buying from selling.

Flow vs price divergence Bearish flow before price confirmation

Put-side pressure is present before a decisive weekly price breakdown.

Why this matters

Put-heavy activity matters because it connects the options headline to the actual evidence: $294782 of estimated gross traded notional, puts · 8-21 days · itm, and a bearish flow before price confirmation backdrop. Use it as a research priority signal, then validate the chart, liquidity, event calendar, and risk before acting.

Options pressure-84
1W price+0.3%
Call premium22%
Put premium78%
Notional split C 22% / P 78% Estimated gross traded notional uses volume × contract multiplier × midpoint, or last price when no valid midpoint is available.
Freshness 0.54 Volume divided by open interest across the visible chain.
Trend fit 44/100 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 Puts · 8-21 days · ITM
Puts · 8-21 days · ITM puts cluster with 901 contracts traded, $137402 estimated gross traded notional, and 47% of visible notional.
$137402
Puts · 8-21 days · ATM puts cluster with 563 contracts traded, $87265 estimated gross traded notional, and 30% of visible notional.
$87265
Calls · 8-21 days · OTM calls cluster with 217 contracts traded, $33136 estimated gross traded notional, and 11% of visible notional.
$33136
Calls · 46-90 days · OTM calls cluster with 21 contracts traded, $9338 estimated gross traded notional, and 3% of visible notional.
$9338
Calls · 46-90 days · ITM calls cluster with 3 contracts traded, $9200 estimated gross traded notional, and 3% of visible notional.
$9200

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

-

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

Baseline: 2 completed sessions

Volume rank-
Volume/OI rank-
IV rank-

Market Context

Underlying confirmation

Sharemaestro weekly
Close160.90
1W+0.3%
RS-12.6
Fair value-12.1%
Options pressure-84
Speculation53
Volatility63
Trend fit44

Today Versus Normal

Stored-options context

View history
Expected move 11.0% history building
30d avg - · 2/10 sessions -
90d avg - · 2/30 sessions -
180d avg - · 2/60 sessions -
IV 0.33 history building
30d avg - · 2/10 sessions -
90d avg - · 2/30 sessions -
180d avg - · 2/60 sessions -
Put-call 6.23 history building
30d avg - · 2/10 sessions -
90d avg - · 2/30 sessions -
180d avg - · 2/60 sessions -
Volume/OI 0.54 history building
30d avg - · 2/10 sessions -
90d avg - · 2/30 sessions -
180d avg - · 2/60 sessions -

Pressure Trail

Recent pressure and volatility

Open trail
29 Jul 10:25 Bearish
Pressure -91
Move 9.6%
30 Jul 10:21 Bearish
Pressure -92
Move 8.7%
30 Jul 15:22 Bullish
Pressure 26
Move 12.7%
30 Jul 17:46 Volatility
Pressure -57
Move 12.7%
30 Jul 23:47 Bearish
Pressure -85
Move 11.0%
31 Jul 11:05 Bearish
Pressure -84
Move 11.0%

Strike Map

Where activity is clustering

Full strike map
Strike105.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike110.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike115.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike120.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike125.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike130.00
Calls · V 0 · OI 0
Puts · V 0 · OI 2
Strike135.00
Calls · V 0 · OI 0
Puts · V 0 · OI 1
Strike140.00
Calls · V 0 · OI 0
Puts · V 0 · OI 6

Term Structure

Expiration activity

Volume and IV
Expiry21 Aug 2026
Contracts46
Avg IV0.33
Put-call7.06
Expiry18 Sep 2026
Contracts46
Avg IV0.29
Put-call-
Expiry16 Oct 2026
Contracts62
Avg IV0.26
Put-call0.32
Expiry15 Jan 2027
Contracts50
Avg IV0.27
Put-call1.00

Skew

Call/put IV balance

OTM demand
21 Aug 2026Put IV premium
Call IV0.23
Put IV0.40
Skew0.17
18 Sep 2026Put IV premium
Call IV0.22
Put IV0.36
Skew0.14
16 Oct 2026Balanced skew
Call IV0.25
Put IV0.27
Skew0.02
15 Jan 2027Balanced skew
Call IV0.25
Put IV0.30
Skew0.05

Contract Tape

Most active contracts

Full contract tape
ContractAVY260821P00165000
SidePut
Expiry21 Aug 2026
Strike165.00
Volume901
OI990
IV0.31
ContractAVY260821P00160000
SidePut
Expiry21 Aug 2026
Strike160.00
Volume563
OI559
IV0.40
ContractAVY260821C00190000
SideCall
Expiry21 Aug 2026
Strike190.00
Volume201
OI-
IV0.13
ContractAVY260821P00145000
SidePut
Expiry21 Aug 2026
Strike145.00
Volume63
OI3
IV0.28
ContractAVY261016C00185000
SideCall
Expiry16 Oct 2026
Strike185.00
Volume16
OI56
IV0.25
ContractAVY260821C00175000
SideCall
Expiry21 Aug 2026
Strike175.00
Volume7
OI117
IV0.25
ContractAVY260821C00185000
SideCall
Expiry21 Aug 2026
Strike185.00
Volume6
OI8
IV0.23
ContractAVY260821P00155000
SidePut
Expiry21 Aug 2026
Strike155.00
Volume4
OI269
IV0.42