Ticker Options Intelligence

FPI options intelligence

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

Conviction 39 Market data through 31 Jul 2026 Checked 1 Aug 2026 22:06 · complete available chain

Call-side pressure

Bullish pressure

FPI currently carries bullish options pressure with a 39/100 conviction score. The nearest-chain expected move is 9.4%, 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 Bullish

Call-side pressure

Expected move 9.4%

Wider near-term move priced

Activity / OI 0.01

Current volume is quieter versus prior open interest

Put-call 0.20

Call-side skew

Trend fit 0

Options are not fully confirming trend

Weekly backdrop -2.6%

RS -17.7

Expected move 9.4%
Put-call volume 0.20
Volume / OI 0.01
Reference IV 0.50
Max pain 9.80
Underlying 9.35
Nearest expiry 21 Aug 2026
Contracts 92

Research Brief

FPI has a bullish chain read with 39/100 evidence alignment.

The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 8.48–10.22; The largest call open-interest concentration is 12.30; the largest put concentration is 9.80. The most active strike by current volume is 9.80.

Priced range8.48–10.22
Call concentration12.30
Put concentration9.80
Max pain reference9.80
What would confirm it
  • Price holds or improves while call-side concentration remains elevated.
What would weaken it
  • Price weakens while call pressure fades or reverses toward puts.
  • 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 8.48 to 10.22. Max pain at 9.80 sits inside that range, 4.8% above spot.

Spot Max pain
8.489.35 ± 0.8710.22
Confirmation level

A close beyond 10.22 or below 8.48 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 39/100

Evidence alignment, not probability

Pressure is 74/100 toward calls; conviction uses its strength, while the signal label carries its direction.

Directional pressure74 × 42%
+30.9

How strongly activity leans toward calls or puts.

Participation4 × 22%
+0.8

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.

Volatility72 × 10%
+7.2

The intensity of implied volatility and the priced move.

Reconstructed score39.0Matches stored calculation

Positioning by Strike

Where open interest and current activity concentrate

Full strike map

The largest call open-interest concentration is 12.30; the largest put concentration is 9.80. The most active strike by current volume is 9.80. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.

Put open interestStrikeCall open interest
23
2.30-75.4%
0
0
4.80-48.7%
2
2
7.30-21.9%
6
770
9.804.8%
166
22
12.3031.6%
340
0
14.8058.3%
282
0
17.3085.0%
5
0
19.80111.8%
4
0
22.50140.6%
0
0
25.00167.4%
0
Nearest spot strike Max pain strikeBars show relative OI within this expiry

Volatility Curve

Front-loaded volatility

1.47× front/back

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

0.50 21 Aug 21d
0.33 18 Sep 49d
0.40 20 Nov 112d
0.35 15 Jan 168d
0.34 19 Feb 203d

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.

10
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

A97/100
Retained chain100%
Implied volatility100%
Two-sided quotes100%
Open interest100%
Chain status
Complete available chain
Market date
31 Jul 2026
Calculation
v2.0
Contracts
92 / 92
  • 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

Multi-expiry position-maintenance candidate

59/100
Primary intent Multi-expiry position-maintenance candidate

Activity is spread across expirations with heavier open interest than current volume, which can be consistent with position maintenance.

Flow vs price divergence Bullish flow against weak price

Options are leaning call-side while the stock is down on the week, a divergence that needs price confirmation.

Why this matters

Multi-expiry position-maintenance candidate matters because it connects the options headline to the actual evidence: $1648 of estimated gross traded notional, puts · 46-90 days · itm, and a bullish flow against weak price backdrop. Use it as a research priority signal, then validate the chart, liquidity, event calendar, and risk before acting.

Options pressure+74
1W price-2.6%
Call premium54%
Put premium46%
Notional split C 54% / P 46% 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 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. Roll detection is conservative because opening and closing legs are not directly observable in this snapshot.
Conviction clusters Puts · 46-90 days · ITM
Puts · 46-90 days · ITM puts cluster with 10 contracts traded, $750 estimated gross traded notional, and 46% of visible notional.
$750
Calls · 91+ days · OTM calls cluster with 11 contracts traded, $522 estimated gross traded notional, and 32% of visible notional.
$522
Calls · 8-21 days · OTM calls cluster with 28 contracts traded, $210 estimated gross traded notional, and 13% of visible notional.
$210
Calls · 46-90 days · OTM calls cluster with 11 contracts traded, $165 estimated gross traded notional, and 10% of visible notional.
$165

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

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
Close9.35
1W-2.6%
RS-17.7
Fair value-6.7%
Options pressure74
Speculation4
Volatility72
Trend fit0

Today Versus Normal

Stored-options context

View history
Expected move 9.4% history building
30d avg - · 3/10 sessions -
90d avg - · 3/30 sessions -
180d avg - · 3/60 sessions -
IV 0.50 history building
30d avg - · 3/10 sessions -
90d avg - · 3/30 sessions -
180d avg - · 3/60 sessions -
Put-call 0.20 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 11:27 Mixed
Pressure 7
Move 7.6%
30 Jul 11:12 Bullish
Pressure 66
Move 7.0%
31 Jul 10:50 Bullish
Pressure 100
Move 6.3%
1 Aug 21:06 Bullish
Pressure 74
Move 9.4%

Strike Map

Where activity is clustering

Full strike map
Strike2.30
Calls · V 0 · OI 0
Puts · V 0 · OI 23
Strike4.80
Calls · V 0 · OI 2
Puts · V 0 · OI 0
Strike7.30
Calls · V 0 · OI 6
Puts · V 0 · OI 2
Strike9.80
Calls · V 28 · OI 166
Puts · V 0 · OI 770
Strike12.30
Calls · V 0 · OI 340
Puts · V 0 · OI 22
Strike14.80
Calls · V 0 · OI 282
Puts · V 0 · OI 0
Strike17.30
Calls · V 0 · OI 5
Puts · V 0 · OI 0
Strike19.80
Calls · V 0 · OI 4
Puts · V 0 · OI 0

Term Structure

Expiration activity

Volume and IV
Expiry21 Aug 2026
Contracts20
Avg IV0.50
Put-call-
Expiry18 Sep 2026
Contracts20
Avg IV0.33
Put-call0.91
Expiry20 Nov 2026
Contracts18
Avg IV0.40
Put-call-
Expiry15 Jan 2027
Contracts20
Avg IV0.35
Put-call-
Expiry19 Feb 2027
Contracts14
Avg IV0.34
Put-call-

Skew

Call/put IV balance

OTM demand
21 Aug 2026Put IV premium
Call IV0.26
Put IV0.53
Skew0.27
18 Sep 2026Balanced skew
Call IV0.27
Put IV0.32
Skew0.05
20 Nov 2026Call IV premium
Call IV0.33
Put IV0.22
Skew-0.11
15 Jan 2027Put IV premium
Call IV0.22
Put IV0.34
Skew0.12
19 Feb 2027Call IV premium
Call IV0.24
Put IV0.16
Skew-0.08

Contract Tape

Most active contracts

Full contract tape
ContractFPI260821C00009800
SideCall
Expiry21 Aug 2026
Strike9.80
Volume28
OI166
IV0.26
ContractFPI270219C00010000
SideCall
Expiry19 Feb 2027
Strike10.00
Volume11
OI104
IV0.24
ContractFPI260918C00010000
SideCall
Expiry18 Sep 2026
Strike10.00
Volume11
OI84
IV0.27
ContractFPI260918P00010000
SidePut
Expiry18 Sep 2026
Strike10.00
Volume10
OI23
IV0.27
ContractFPI270115C00012500
SideCall
Expiry15 Jan 2027
Strike12.50
Volume-
OI927
IV0.19
ContractFPI260821P00009800
SidePut
Expiry21 Aug 2026
Strike9.80
Volume-
OI770
IV0.61
ContractFPI261120C00012500
SideCall
Expiry20 Nov 2026
Strike12.50
Volume-
OI567
IV0.24
ContractFPI260821C00012300
SideCall
Expiry21 Aug 2026
Strike12.30
Volume-
OI340
IV0.55