Primary read
Bullish
Call-side pressure
Ticker Options Intelligence
YELP options intelligence
Yelp Inc options pressure, expected move, strike concentration, and Sharemaestro trend context.
Conviction
39
Market data through 31 Jul 2026
Checked 2 Aug 2026 19:38 · complete available chain
Call-side pressure
Bullish pressure
YELP currently carries bullish options pressure with a 39/100 conviction score. The nearest-chain expected move is 13.1%, with volume/open-interest participation at 0.09.
Expected move
13.1%
Wider near-term move priced
Activity / OI
0.09
Current volume is quieter versus prior open interest
Put-call
0.54
Call-side skew
Trend fit
34
Options are not fully confirming trend
Weekly backdrop
+5.3%
RS -12.4
Expected move
13.1%
Put-call volume
0.54
Volume / OI
0.09
Reference IV
0.70
Max pain
23.00
Underlying
26.43
Nearest expiry
21 Aug 2026
Contracts
109
Research Brief
YELP 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 22.95–29.91; The largest call open-interest concentration is 25.00; the largest put concentration is 20.00. The most active strike by current volume is 27.00.
Priced range22.95–29.91
Call concentration25.00
Put concentration20.00
Max pain reference23.00
- Price holds or improves while call-side concentration remains elevated.
- 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
Options imply 22.95 to 29.91. Max pain at 23.00 sits inside that range, 13.0% below spot.
Spot
Max pain
22.9526.43 ± 3.4829.91
Confirmation level
A close beyond 29.91 or below 22.95 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
Pressure is 38/100 toward calls; conviction uses its strength, while the signal label carries its direction.
Directional pressure38 × 42%
+16.1
How strongly activity leans toward calls or puts.
Participation23 × 22%
+5.0
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.
Volatility89 × 10%
+8.9
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 25.00; the largest put concentration is 20.00. The most active strike by current volume is 27.00. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.
Put open interestStrikeCall open interest
47
16.00-39.5%
0
73
17.00-35.7%
8
335
18.00-31.9%
6
553
20.00-24.3%
22
60
22.00-16.8%
24
359
23.00-13.0%
457
57
24.00-9.2%
23
132
25.00-5.4%
741
15
26.00-1.6%
80
21
27.002.2%
562
5
28.005.9%
131
107
29.009.7%
695
17
30.0013.5%
360
0
31.0017.3%
209
0
33.0024.9%
136
0
37.0040.0%
43
0
40.0051.3%
398
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.
0.70
21 Aug
21d
0.62
18 Sep
49d
0.60
20 Nov
112d
0.56
19 Feb
203d
Volatility by Strike
Downside protection premium
Out-of-the-money puts carry higher implied volatility than comparable calls, indicating richer downside protection.
22
23
24
25
26
27
28
29
30
31
Put IV Call IV
Historical Replay
How matured reads behaved through expiry
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
Retained chain100%
Implied volatility100%
Two-sided quotes100%
Open interest100%
- Chain status
- Complete available chain
- Market date
- 31 Jul 2026
- Calculation
- v2.0
- Contracts
- 109 / 109
- 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 pressure and weekly price action are pointing in the same constructive direction.
Earnings/event positioning matters because it connects the options headline to the actual evidence: $237046 of estimated gross traded notional, calls · 91+ days · itm, and a bullish flow confirms price backdrop. Use it as a research priority signal, then validate the chart, liquidity, event calendar, and risk before acting.
Options pressure+38
1W price+5.3%
Call premium71%
Put premium29%
Notional split
C 71% / P 29%
Estimated gross traded notional uses volume × contract multiplier × midpoint, or last price when no valid midpoint is available.
Freshness
0.09
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 4 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 · ITM
calls cluster with 171 contracts traded, $78015 estimated gross traded notional, and 33% of visible notional.
$78015
Calls · 91+ days · ATM
calls cluster with 116 contracts traded, $50110 estimated gross traded notional, and 21% of visible notional.
$50110
Puts · 8-21 days · ITM
puts cluster with 38 contracts traded, $43690 estimated gross traded notional, and 18% of visible notional.
$43690
Calls · 91+ days · OTM
calls cluster with 82 contracts traded, $16495 estimated gross traded notional, and 7% of visible notional.
$16495
Puts · 91+ days · OTM
puts cluster with 170 contracts traded, $10750 estimated gross traded notional, and 5% of visible notional.
$10750
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
Close26.43
1W+5.3%
RS-12.4
Fair value-24.1%
Options pressure38
Speculation23
Volatility89
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 11:09
Bullish
Pressure 80
Move 17.0%
30 Jul 10:56
Volatility
Pressure 84
Move 21.5%
30 Jul 15:16
Bullish
Pressure 35
Move 14.7%
30 Jul 15:48
Bullish
Pressure 35
Move 14.4%
30 Jul 19:57
Bullish
Pressure 38
Move 13.9%
30 Jul 21:54
Bullish
Pressure 38
Move 14.6%
2 Aug 02:14
Bullish
Pressure 38
Move 13.1%
2 Aug 15:28
Bullish
Pressure 28
Move 13.1%
Strike Map
Where activity is clustering
Strike13.00
Calls · V 0 · OI 0
Puts · V 7 · OI 40
Strike14.00
Calls · V 0 · OI 0
Puts · V 4 · OI 0
Strike15.00
Calls · V 0 · OI 0
Puts · V 2 · OI 50
Strike16.00
Calls · V 0 · OI 0
Puts · V 10 · OI 47
Strike17.00
Calls · V 1 · OI 8
Puts · V 6 · OI 73
Strike18.00
Calls · V 2 · OI 6
Puts · V 1 · OI 335
Strike19.00
Calls · V 0 · OI 0
Puts · V 2 · OI 31
Strike20.00
Calls · V 1 · OI 22
Puts · V 1 · OI 553
Term Structure
Expiration activity
Expiry21 Aug 2026
Contracts48
Avg IV0.70
Put-call0.54
Expiry18 Sep 2026
Contracts15
Avg IV0.62
Put-call0.90
Expiry20 Nov 2026
Contracts31
Avg IV0.60
Put-call0.90
Expiry19 Feb 2027
Contracts15
Avg IV0.56
Put-call0.10
Skew
Call/put IV balance
21 Aug 2026Put IV premium
Call IV0.65
Put IV0.76
Skew0.12
18 Sep 2026Balanced skew
Call IV0.62
Put IV0.62
Skew0.00
20 Nov 2026Balanced skew
Call IV0.60
Put IV0.56
Skew-0.04
19 Feb 2027Balanced skew
Call IV0.51
Put IV0.51
Skew-0.01
Contract Tape
Most active contracts
ContractYELP260918P00026000
SidePut
Expiry18 Sep 2026
Strike26.00
Volume-
OI50
IV0.62
ContractYELP260918C00032000
SideCall
Expiry18 Sep 2026
Strike32.00
Volume-
OI30
IV0.57
ContractYELP260918P00023000
SidePut
Expiry18 Sep 2026
Strike23.00
Volume-
OI29
IV0.60
ContractYELP261120P00027000
SidePut
Expiry20 Nov 2026
Strike27.00
Volume-
OI25
IV0.53
ContractYELP260918P00029000
SidePut
Expiry18 Sep 2026
Strike29.00
Volume-
OI25
IV0.63
ContractYELP260918C00029000
SideCall
Expiry18 Sep 2026
Strike29.00
Volume-
OI21
IV0.58
ContractYELP260918C00033000
SideCall
Expiry18 Sep 2026
Strike33.00
Volume-
OI14
IV0.55
ContractYELP270219P00015000
SidePut
Expiry19 Feb 2027
Strike15.00
Volume-
OI10
IV0.63
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.