Ticker Options Intelligence

SURG options intelligence

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

Conviction 49 Market data through 16 Sep 2026 Checked 16 Sep 2026 15:54 · partial chain

Volatility expansion watch

Volatility pressure

SURG currently carries volatility options pressure with a 49/100 conviction score. The nearest-chain expected move is 260.0%, with volume/open-interest participation at 0.04.

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

Volatility expansion watch

Expected move 260.0%

Wider near-term move priced

Activity / OI 0.04

Current volume is quieter versus prior open interest

Put-call 0.18

Call-side skew

Trend fit 0

Options are not fully confirming trend

Weekly backdrop +4.2%

RS -86.7

Expected move 260.0%
Put-call volume 0.18
Volume / OI 0.04
Reference IV 11.42
Max pain 0.50
Underlying 0.17
Nearest expiry 18 Sep 2026
Contracts 34

Research Brief

SURG has a volatility chain read with 49/100 evidence alignment.

The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 0.00–0.6231; The largest call open-interest concentration is 0.50; the largest put concentration is 7.50. The most active strike by current volume is 5.00.

Priced range0.00–0.6231
Call concentration0.50
Put concentration7.50
Max pain reference0.50
What would confirm it
  • A clear directional pressure reading develops and price begins to agree.
  • Participation is above the ticker's stored normal, which makes the read more noteworthy.
What would weaken it
  • 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

Size, not direction · through 18 Sep

Options imply 0.00 to 0.6231. Max pain at 0.50 sits inside that range, 188.9% above spot. The theoretical downside extends below zero, so the displayed lower bound is floored at 0.00.

Spot Max pain
0.000.17 ± 0.450.62
Confirmation level

A close beyond 0.6231 or below 0.00 at the 18 Sep 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 49/100

Evidence alignment, not probability

Pressure is 82/100 toward calls; conviction uses its strength, while the signal label carries its direction.

Directional pressure82 × 42%
+34.3

How strongly activity leans toward calls or puts.

Participation25 × 22%
+5.5

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.

Volatility96 × 10%
+9.6

The intensity of implied volatility and the priced move.

Reconstructed score49.3Matches stored calculation

Positioning by Strike

Where open interest and current activity concentrate

Full strike map

The largest call open-interest concentration is 0.50; the largest put concentration is 7.50. The most active strike by current volume is 5.00. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.

Put open interestStrikeCall open interest
12
0.50188.9%
2852
14
1.00477.7%
9
13
1.50766.6%
0
7
2.001055.4%
0
4
2.501344.3%
5
28
5.002788.5%
0
36
7.504232.8%
21
Nearest spot strike Max pain strikeBars show relative OI within this expiry

Gamma Profile by Strike

Positive gamma proxy

Model-estimated Greeks · 60% coverage

Call-side gamma sensitivity outweighs the put-side proxy across the retained chain. The largest bars mark levels where delta-hedging sensitivity may be most concentrated.

Net profile+$419Delta change / 1% move
Positive peak0.50+$410
Negative peak1.00-$1
Nearest balance1.00Interpolated sign change
StrikeNegativePositiveNet / 1% move
0.50188.9%
+$410
1.00477.7%
-$1
1.50766.6%
-$0
2.001055.4%
-$0
2.501344.3%
+$10
5.002788.5%
+$0
7.504232.8%
+$1
Positive call-side proxy Negative put-side proxyHighlighted row is nearest spot strike

Scenario proxy = gamma × open interest × 100 shares × spot² × 1%. Calls are positive and puts negative by convention. Missing Greeks use a Black-Scholes estimate from stored IV with zero rate and dividend assumptions. Open interest does not reveal who is long or short, so this is not observed dealer positioning or a forecast.

Volatility Curve

Front-loaded volatility

5.61× front/back

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

11.42 18 Sep 2d
5.82 16 Oct 30d
2.83 20 Nov 65d
2.04 19 Feb 156d

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.

Comparable strike volatility is unavailable.

Put IV Call IV

Historical Replay

How matured reads behaved through expiry

12 matured · 2 directional

Across 2 stored directional transitions, the next stored price moved in the labelled direction 50% of the time.

Directional follow-through50%
Moves contained by pricing100%
Average expiry move31.8%
19 Aug Volatility · 52 -39.5% through expiry 108.2% priced · v2.0
14 Aug Volatility · 64 -39.5% through expiry 125.9% priced · v2.0
13 Aug Bullish · 36 -41.1% through expiry 101.3% priced · v2.0
12 Aug Volatility · 58 -41.1% through expiry 103.6% priced · v2.0
10 Aug Volatility · 50 -41.1% through expiry 86.4% priced · v2.0
7 Aug Volatility · 56 -41.1% through expiry 207.3% priced · v2.0
6 Aug Volatility · 65 -21.8% through expiry 162.8% priced · v2.0
5 Aug Bearish · 44 -21.8% through expiry 146.1% priced · v2.0
4 Aug Volatility · 75 -21.8% through expiry 158.5% priced · v2.0
3 Aug Volatility · 67 -21.8% through expiry 1089.4% priced · v2.0
31 Jul Volatility · 73 -21.8% through expiry 1112.4% priced · v2.0
30 Jul Mixed · 34 -29.3% through expiry 995.9% priced · v2.0

Eligible snapshots must have a dated market session, stored signal, and point-in-time market reference. Each observation uses one read per market session and the first stored weekly close on or immediately after expiry; its original calculation version is retained. It is an evidence audit, not an executable strategy or evidence of future performance.

Evidence Quality

Usable with limits

C69/100
Retained chain100%
Implied volatility85%
Two-sided quotes97%
Open interest97%
Chain status
Retained chain subset
Market date
16 Sep 2026
Calculation
v2.0
Contracts
34 / 34
  • 100% of provider contracts were retained for this snapshot.

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

Volatility expansion bet

92/100
Primary intent Volatility expansion bet

The strongest message is movement risk: expected move and implied volatility are carrying more signal than 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

Volatility expansion bet matters because it connects the options headline to the actual evidence: $20,990 of estimated gross traded notional, puts · 0-7 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+82
1W price+4.2%
Call premium10%
Put premium90%
Notional split C 10% / P 90% Estimated gross traded notional uses volume × contract multiplier × midpoint, or last price when no valid midpoint is available.
Freshness 0.04 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.
Conviction clusters Puts · 0-7 days · ITM
Puts · 0-7 days · ITM puts cluster with 49 contracts traded, $17,082 estimated gross traded notional, and 81% of visible notional.
$17,082
Puts · 22-45 days · ITM puts cluster with 6 contracts traded, $1,880 estimated gross traded notional, and 9% of visible notional.
$1,880
Calls · 46-90 days · OTM calls cluster with 157 contracts traded, $938 estimated gross traded notional, and 4% of visible notional.
$938
Calls · 91+ days · OTM calls cluster with 122 contracts traded, $879 estimated gross traded notional, and 4% of visible notional.
$879
Calls · 0-7 days · OTM calls cluster with 31 contracts traded, $155 estimated gross traded notional, and 1% of visible notional.
$155

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

Above normal

71

Activity is running above the recent historical baseline.

Baseline: 23 completed sessions

Volume rank65th
Volume/OI rank52th
IV rank96th

Market Context

Underlying confirmation

Sharemaestro weekly
Close0.1731
1W+4.2%
RS-86.7
Fair value-93.4%
Options pressure82
Speculation25
Volatility96
Trend fit0

Today Versus Normal

Stored-options context

View history
Expected move 260.0% elevated
30d avg 203.7% · 10 sessions 90th
90d avg - · 23/30 sessions -
180d avg - · 23/60 sessions -
IV 11.42 elevated
30d avg 7.17 · 10 sessions 90th
90d avg - · 23/30 sessions -
180d avg - · 23/60 sessions -
Put-call 0.18 near normal
30d avg 1.12 · 10 sessions 30th
90d avg - · 19/30 sessions -
180d avg - · 19/60 sessions -
Volume/OI 0.04 near normal
30d avg 0.11 · 10 sessions 40th
90d avg - · 23/30 sessions -
180d avg - · 23/60 sessions -

Pressure Trail

Recent pressure and volatility

Open trail
29 Jul 11:51 Volatility
Pressure -88
Move 964.7%
29 Jul 18:55 Volatility
Pressure 100
Move 975.1%
29 Jul 23:01 Volatility
Pressure 100
Move 975.1%
31 Jul 00:21 Bullish
Pressure 59
Move 995.9%
31 Jul 11:52 Mixed
Pressure -13
Move 995.9%
31 Jul 17:02 Bullish
Pressure 20
Move 1027.0%
3 Aug 02:58 Volatility
Pressure -88
Move 1112.4%
4 Aug 09:04 Volatility
Pressure -88
Move 1089.4%

Strike Map

Where activity is clustering

Full strike map
Strike0.50
Calls · V 7 · OI 2852
Puts · V 1 · OI 12
Strike1.00
Calls · V 0 · OI 9
Puts · V 13 · OI 14
Strike1.50
Calls · V 0 · OI 0
Puts · V 1 · OI 13
Strike2.00
Calls · V 0 · OI 0
Puts · V 2 · OI 7
Strike2.50
Calls · V 4 · OI 5
Puts · V 2 · OI 4
Strike5.00
Calls · V 0 · OI 0
Puts · V 29 · OI 28
Strike7.50
Calls · V 20 · OI 21
Puts · V 1 · OI 36

Term Structure

Expiration activity

Volume and IV
Expiry18 Sep 2026
Contracts11
Avg IV11.42
Put-call1.58
Expiry16 Oct 2026
Contracts7
Avg IV5.82
Put-call1.20
Expiry20 Nov 2026
Contracts7
Avg IV2.83
Put-call-
Expiry19 Feb 2027
Contracts9
Avg IV2.04
Put-call0.01

Skew

Call/put IV balance

OTM demand
18 Sep 2026Incomplete skew
Call IV13.50
Put IV-
Skew-
16 Oct 2026Incomplete skew
Call IV-
Put IV-
Skew-
20 Nov 2026Incomplete skew
Call IV2.88
Put IV-
Skew-
19 Feb 2027Incomplete skew
Call IV2.56
Put IV-
Skew-

Contract Tape

Most active contracts

Full contract tape
ContractSURG261120P00001000
SidePut
Expiry20 Nov 2026
Strike1.00
Volume-
OI-
IV-
ContractSURG270219P00002000
SidePut
Expiry19 Feb 2027
Strike2.00
Volume-
OI50
IV-
ContractSURG261120C00007500
SideCall
Expiry20 Nov 2026
Strike7.50
Volume-
OI30
IV5.38
ContractSURG260918C00001000
SideCall
Expiry18 Sep 2026
Strike1.00
Volume-
OI9
IV-
ContractSURG270219P00001000
SidePut
Expiry19 Feb 2027
Strike1.00
Volume-
OI1
IV2.94
ContractSURG261120P00000500
SidePut
Expiry20 Nov 2026
Strike0.50
Volume-
OI1
IV-
ContractSURG270219P00001500
SidePut
Expiry19 Feb 2027
Strike1.50
Volume-
OI-
IV-
ContractSURG261120C00000500
SideCall
Expiry20 Nov 2026
Strike0.50
Volume100
OI1268
IV2.88

Evidence context