Ticker Options Intelligence

WWW options intelligence

Wolverine World Wide Inc options pressure, expected move, strike concentration, and Sharemaestro trend context.

Conviction 36 Market data through 31 Jul 2026 Checked 2 Aug 2026 04:51 · complete available chain

Options-market disagreement

Mixed pressure

WWW currently carries mixed options pressure with a 36/100 conviction score. The nearest-chain expected move is 15.0%, 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 Mixed

Options-market disagreement

Expected move 15.0%

Wider near-term move priced

Activity / OI 0.01

Current volume is quieter versus prior open interest

Put-call 1.38

Put-side skew

Trend fit 76

Options agree with trend context

Weekly backdrop +4.7%

RS -9.5

Expected move 15.0%
Put-call volume 1.38
Volume / OI 0.01
Reference IV 0.78
Max pain 17.50
Underlying 19.68
Nearest expiry 21 Aug 2026
Contracts 156

Research Brief

WWW has a mixed chain read with 36/100 evidence alignment.

The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 16.73–22.63; The largest call open-interest concentration is 17.50; the largest put concentration is 15.00. The most active strike by current volume is 15.00.

Priced range16.73–22.63
Call concentration17.50
Put concentration15.00
Max pain reference17.50
What would confirm it
  • A clear directional pressure reading develops and price begins to agree.
  • The current chain read already agrees with the stored weekly trend context.
What would weaken it
  • Volatility falls and the chain remains directionally mixed.
  • 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 16.73 to 22.63. Max pain at 17.50 sits inside that range, 11.1% below spot.

Spot Max pain
16.7319.68 ± 2.9522.63
Confirmation level

A close beyond 22.63 or below 16.73 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 36/100

Evidence alignment, not probability

Pressure is 15/100 toward puts; conviction uses its strength, while the signal label carries its direction.

Directional pressure15 × 42%
+6.5

How strongly activity leans toward calls or puts.

Participation1 × 22%
+0.2

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

Trend agreement76 × 26%
+19.7

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

Volatility95 × 10%
+9.5

The intensity of implied volatility and the priced move.

Reconstructed score35.8Matches stored calculation

Positioning by Strike

Where open interest and current activity concentrate

Full strike map

The largest call open-interest concentration is 17.50; the largest put concentration is 15.00. The most active strike by current volume is 15.00. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.

Put open interestStrikeCall open interest
0
2.50-87.3%
1
3
5.00-74.6%
2
6
7.50-61.9%
1
4
10.00-49.2%
0
66
12.50-36.5%
0
626
15.00-23.8%
24
163
17.50-11.1%
307
22
20.001.6%
55
0
22.5014.3%
29
1
25.0027.0%
17
0
30.0052.4%
1
0
35.0077.8%
0
Nearest spot strike Max pain strikeBars show relative OI within this expiry

Volatility Curve

Front-loaded volatility

1.29× front/back

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

0.78 21 Aug 21d
0.64 18 Sep 49d
0.67 18 Dec 140d
0.63 15 Jan 168d
0.67 19 Mar 231d
0.60 21 Jan 539d

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.

18
20
23
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

A100/100
Retained chain100%
Implied volatility100%
Two-sided quotes100%
Open interest100%
Chain status
Complete available chain
Market date
31 Jul 2026
Calculation
v2.0
Contracts
156 / 156
  • 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

92/100
Primary intent Earnings/event positioning

Options activity is concentrated around a live event window, so the cleanest read is event positioning rather than pure direction.

Flow vs price divergence No clean flow/price divergence

The options read is mixed, so divergence is not strong enough to classify.

Why this matters

Earnings/event positioning matters because it connects the options headline to the actual evidence: $4455 of estimated gross traded notional, calls · 8-21 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-15
1W price+4.7%
Call premium86%
Put premium14%
Notional split C 86% / P 14% 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 76/100 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.
Conviction clusters Calls · 8-21 days · ITM
Calls · 8-21 days · ITM calls cluster with 10 contracts traded, $2850 estimated gross traded notional, and 64% of visible notional.
$2850
Puts · 8-21 days · OTM puts cluster with 22 contracts traded, $605 estimated gross traded notional, and 14% of visible notional.
$605
Calls · 8-21 days · ATM calls cluster with 4 contracts traded, $540 estimated gross traded notional, and 12% of visible notional.
$540
Calls · 91+ days · OTM calls cluster with 2 contracts traded, $460 estimated gross traded notional, and 10% of visible notional.
$460

Setup Classification

Opportunity and risk frame

Context, not advice
Positive Options-confirmed trend

Positioning agrees with the Sharemaestro trend backdrop.

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

-

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
Close19.68
1W+4.7%
RS-9.5
Fair value+26.8%
Options pressure-15
Speculation1
Volatility95
Trend fit76

Today Versus Normal

Stored-options context

View history
Expected move 15.0% history building
30d avg - · 3/10 sessions -
90d avg - · 3/30 sessions -
180d avg - · 3/60 sessions -
IV 0.78 history building
30d avg - · 3/10 sessions -
90d avg - · 3/30 sessions -
180d avg - · 3/60 sessions -
Put-call 1.38 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 11:07 Volatility
Pressure 68
Move 20.1%
30 Jul 10:55 Bullish
Pressure 81
Move 22.4%
31 Jul 10:40 Bullish
Pressure 35
Move 17.3%
1 Aug 11:47 Mixed
Pressure -15
Move 15.7%
2 Aug 03:51 Mixed
Pressure -15
Move 15.0%

Strike Map

Where activity is clustering

Full strike map
Strike2.50
Calls · V 0 · OI 1
Puts · V 0 · OI 0
Strike5.00
Calls · V 0 · OI 2
Puts · V 0 · OI 3
Strike7.50
Calls · V 0 · OI 1
Puts · V 0 · OI 6
Strike10.00
Calls · V 0 · OI 0
Puts · V 0 · OI 4
Strike12.50
Calls · V 0 · OI 0
Puts · V 0 · OI 66
Strike15.00
Calls · V 0 · OI 24
Puts · V 22 · OI 626
Strike17.50
Calls · V 10 · OI 307
Puts · V 0 · OI 163
Strike20.00
Calls · V 4 · OI 55
Puts · V 0 · OI 22

Term Structure

Expiration activity

Volume and IV
Expiry21 Aug 2026
Contracts24
Avg IV0.78
Put-call1.57
Expiry18 Sep 2026
Contracts24
Avg IV0.64
Put-call-
Expiry18 Dec 2026
Contracts28
Avg IV0.67
Put-call-
Expiry15 Jan 2027
Contracts28
Avg IV0.63
Put-call-
Expiry19 Mar 2027
Contracts24
Avg IV0.67
Put-call-

Skew

Call/put IV balance

OTM demand
21 Aug 2026Put IV premium
Call IV0.27
Put IV0.85
Skew0.59
18 Sep 2026Put IV premium
Call IV0.57
Put IV0.69
Skew0.12
18 Dec 2026Put IV premium
Call IV0.55
Put IV0.68
Skew0.13
15 Jan 2027Put IV premium
Call IV0.54
Put IV0.66
Skew0.12
19 Mar 2027Balanced skew
Call IV0.61
Put IV0.66
Skew0.05

Contract Tape

Most active contracts

Full contract tape
ContractWWW260821P00015000
SidePut
Expiry21 Aug 2026
Strike15.00
Volume22
OI626
IV1.02
ContractWWW260821C00017500
SideCall
Expiry21 Aug 2026
Strike17.50
Volume10
OI307
IV0.83
ContractWWW260821C00020000
SideCall
Expiry21 Aug 2026
Strike20.00
Volume4
OI55
IV0.79
ContractWWW270115C00022500
SideCall
Expiry15 Jan 2027
Strike22.50
Volume1
OI14
IV0.57
ContractWWW270319C00025000
SideCall
Expiry19 Mar 2027
Strike25.00
Volume1
OI-
IV0.65
ContractWWW261218P00005000
SidePut
Expiry18 Dec 2026
Strike5.00
Volume-
OI304
IV0.89
ContractWWW260918C00017500
SideCall
Expiry18 Sep 2026
Strike17.50
Volume-
OI228
IV0.61
ContractWWW260821P00017500
SidePut
Expiry21 Aug 2026
Strike17.50
Volume-
OI163
IV0.85