Primary read
Volatility
Volatility expansion watch
Ticker Options Intelligence
SG options intelligence
Sweetgreen Inc options pressure, expected move, strike concentration, and Sharemaestro trend context.
Conviction
48
Market data through 31 Jul 2026
Checked 1 Aug 2026 12:16 · complete available chain
Volatility expansion watch
Volatility pressure
SG currently carries volatility options pressure with a 48/100 conviction score. The nearest-chain expected move is 19.6%, with volume/open-interest participation at 0.01.
Expected move
19.6%
Wider near-term move priced
Activity / OI
0.01
Current volume is quieter versus prior open interest
Put-call
0.33
Call-side skew
Trend fit
34
Options are not fully confirming trend
Weekly backdrop
-15.3%
RS -25.1
Expected move
19.6%
Put-call volume
0.33
Volume / OI
0.01
Reference IV
1.73
Max pain
7.00
Underlying
6.00
Nearest expiry
7 Aug 2026
Contracts
474
Research Brief
SG has a volatility chain read with 48/100 evidence alignment.
The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 4.83–7.17; The largest call open-interest concentration is 7.50; the largest put concentration is 6.00. The most active strike by current volume is 6.50.
Priced range4.83–7.17
Call concentration7.50
Put concentration6.00
Max pain reference7.00
- 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 4.83 to 7.17. Max pain at 7.00 sits inside that range, 16.7% above spot.
Spot
Max pain
4.836.00 ± 1.177.17
Confirmation level
A close beyond 7.17 or below 4.83 at the 7 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 48/100
Pressure is 58/100 toward calls; conviction uses its strength, while the signal label carries its direction.
Directional pressure58 × 42%
+24.5
How strongly activity leans toward calls or puts.
Participation22 × 22%
+4.9
Volume relative to existing open interest and contract-level activity.
Trend agreement34 × 26%
+8.8
How closely the chain read agrees with the underlying trend backdrop.
Volatility96 × 10%
+9.6
The intensity of implied volatility and the priced move.
Positioning by Strike
Where open interest and current activity concentrate
The largest call open-interest concentration is 7.50; the largest put concentration is 6.00. The most active strike by current volume is 6.50. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.
Put open interestStrikeCall open interest
10
4.00-33.3%
5
320
4.50-25.0%
3
419
5.00-16.7%
34
696
5.50-8.3%
7
989
6.000.0%
76
335
6.508.3%
304
175
7.0016.7%
486
112
7.5025.0%
1122
209
8.0033.3%
464
34
8.5041.7%
699
104
9.0050.0%
162
24
9.5058.3%
91
0
10.0066.7%
647
0
10.5075.0%
28
0
11.0083.3%
420
0
12.00100.0%
22
1
12.50108.3%
32
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.
1.73
7 Aug
7d
1.35
14 Aug
14d
1.23
21 Aug
21d
1.13
28 Aug
28d
1.11
4 Sep
35d
1.06
11 Sep
42d
1.08
18 Sep
49d
0.99
16 Oct
77d
Volatility by Strike
Downside protection premium
Out-of-the-money puts carry higher implied volatility than comparable calls, indicating richer downside protection.
5
6
6
7
7
Put IV Call IV
Historical Replay
How matured reads behaved through expiry
Forward validation is building. The earliest eligible stored read expires 31 Jul 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 quotes100%
Open interest100%
- Chain status
- Complete available chain
- Market date
- 31 Jul 2026
- Calculation
- v2.0
- Contracts
- 474 / 474
- 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.
Options are pricing movement more than direction; compare expected move with the stock's actual weekly change.
Earnings/event positioning matters because it connects the options headline to the actual evidence: $108758 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+58
1W price-15.3%
Call premium63%
Put premium37%
Notional split
C 63% / P 37%
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
34/100
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.
Calls · 91+ days · OTM
calls cluster with 232 contracts traded, $19742 estimated gross traded notional, and 18% of visible notional.
$19742
Calls · 46-90 days · OTM
calls cluster with 408 contracts traded, $18856 estimated gross traded notional, and 17% of visible notional.
$18856
Puts · 46-90 days · ITM
puts cluster with 73 contracts traded, $13205 estimated gross traded notional, and 12% of visible notional.
$13205
Calls · 0-7 days · OTM
calls cluster with 250 contracts traded, $8703 estimated gross traded notional, and 8% of visible notional.
$8703
Puts · 8-21 days · ITM
puts cluster with 87 contracts traded, $8495 estimated gross traded notional, and 8% of visible notional.
$8495
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.
Options positioning is not confirming the underlying trend context.
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
Close6.00
1W-15.3%
RS-25.1
Fair value-65.6%
Options pressure58
Speculation22
Volatility96
Trend fit34
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 11:11
Volatility
Pressure 54
Move 9.6%
30 Jul 10:35
Volatility
Pressure 83
Move 10.0%
31 Jul 11:52
Volatility
Pressure 66
Move 9.7%
31 Jul 13:57
Volatility
Pressure 38
Move 10.5%
31 Jul 22:39
Mixed
Pressure 17
Move 9.5%
1 Aug 11:16
Volatility
Pressure 58
Move 19.6%
Strike Map
Where activity is clustering
Strike2.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike3.00
Calls · V 3 · OI 3
Puts · V 0 · OI 5
Strike3.50
Calls · V 0 · OI 1
Puts · V 0 · OI 12
Strike4.00
Calls · V 0 · OI 5
Puts · V 0 · OI 10
Strike4.50
Calls · V 1 · OI 3
Puts · V 0 · OI 320
Strike5.00
Calls · V 0 · OI 34
Puts · V 7 · OI 419
Strike5.50
Calls · V 12 · OI 7
Puts · V 15 · OI 696
Strike6.00
Calls · V 52 · OI 76
Puts · V 64 · OI 989
Term Structure
Expiration activity
Expiry7 Aug 2026
Contracts54
Avg IV1.73
Put-call0.46
Expiry14 Aug 2026
Contracts58
Avg IV1.35
Put-call1.16
Expiry21 Aug 2026
Contracts60
Avg IV1.23
Put-call0.44
Expiry28 Aug 2026
Contracts50
Avg IV1.13
Put-call1.00
Expiry4 Sep 2026
Contracts40
Avg IV1.11
Put-call1.75
Skew
Call/put IV balance
7 Aug 2026Put IV premium
Call IV1.58
Put IV1.75
Skew0.18
14 Aug 2026Put IV premium
Call IV1.34
Put IV1.40
Skew0.06
21 Aug 2026Put IV premium
Call IV1.16
Put IV1.25
Skew0.10
28 Aug 2026Balanced skew
Call IV1.15
Put IV1.12
Skew-0.03
4 Sep 2026Put IV premium
Call IV1.02
Put IV1.12
Skew0.10
Contract Tape
Most active contracts
ContractSG260918C00008000
SideCall
Expiry18 Sep 2026
Strike8.00
Volume150
OI1863
IV0.96
ContractSG260821C00009000
SideCall
Expiry21 Aug 2026
Strike9.00
Volume113
OI1652
IV1.24
ContractSG260807C00007000
SideCall
Expiry7 Aug 2026
Strike7.00
Volume105
OI486
IV1.66
ContractSG270115C00010000
SideCall
Expiry15 Jan 2027
Strike10.00
Volume100
OI7216
IV0.92
ContractSG260807C00006500
SideCall
Expiry7 Aug 2026
Strike6.50
Volume67
OI304
IV1.61
ContractSG260807P00006000
SidePut
Expiry7 Aug 2026
Strike6.00
Volume64
OI989
IV1.69
ContractSG260918P00007000
SidePut
Expiry18 Sep 2026
Strike7.00
Volume64
OI484
IV1.05
ContractSG260918C00007000
SideCall
Expiry18 Sep 2026
Strike7.00
Volume55
OI2622
IV0.96
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.