Primary read
Mixed
Options-market disagreement
Ticker Options Intelligence
OTIS options intelligence
Otis Worldwide Corp options pressure, expected move, strike concentration, and Sharemaestro trend context.
Conviction
27
Market data through 31 Jul 2026
Checked 1 Aug 2026 00:45 · complete available chain
Options-market disagreement
Mixed pressure
OTIS currently carries mixed options pressure with a 27/100 conviction score. The nearest-chain expected move is 5.3%, with volume/open-interest participation at 0.08.
Expected move
5.3%
Near-term move context
Activity / OI
0.08
Current volume is quieter versus prior open interest
Put-call
1.16
Balanced tape
Trend fit
71
Options agree with trend context
Weekly backdrop
+0.0%
RS -20.5
Expected move
5.3%
Put-call volume
1.16
Volume / OI
0.08
Reference IV
0.37
Max pain
72.50
Underlying
71.93
Nearest expiry
21 Aug 2026
Contracts
110
Research Brief
OTIS has a mixed chain read with 27/100 evidence alignment.
The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 68.13–75.73; The largest call open-interest concentration is 80.00; the largest put concentration is 70.00. The most active strike by current volume is 77.50.
Priced range68.13–75.73
Call concentration80.00
Put concentration70.00
Max pain reference72.50
- A clear directional pressure reading develops and price begins to agree.
- The current chain read already agrees with the stored weekly trend context.
- Volatility falls and the chain remains directionally mixed.
Priced Move
Where the chain says movement becomes exceptional
Options imply 68.13 to 75.73. Max pain at 72.50 sits inside that range, 0.8% above spot.
Spot
Max pain
68.1371.93 ± 3.8075.73
Confirmation level
A close beyond 75.73 or below 68.13 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 27/100
Pressure is 3/100 toward puts; conviction uses its strength, while the signal label carries its direction.
Directional pressure3 × 42%
+1.1
How strongly activity leans toward calls or puts.
Participation10 × 22%
+2.3
Volume relative to existing open interest and contract-level activity.
Trend agreement71 × 26%
+18.5
How closely the chain read agrees with the underlying trend backdrop.
Volatility47 × 10%
+4.7
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 80.00; the largest put concentration is 70.00. The most active strike by current volume is 77.50. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.
Put open interestStrikeCall open interest
41
55.00-23.5%
0
21
60.00-16.6%
0
120
65.00-9.6%
0
139
67.50-6.2%
1
375
70.00-2.7%
33
344
72.500.8%
402
143
75.004.3%
502
11
77.507.7%
501
0
80.0011.2%
699
0
82.5014.7%
638
0
85.0018.2%
36
0
90.0025.1%
2
0
100.0039.0%
2
Nearest spot strike Max pain strikeBars show relative OI within this expiry
Volatility Curve
Balanced volatility curve
Near- and longer-dated implied volatility are broadly aligned; no exceptional front-expiry premium is visible.
0.37
21 Aug
21d
0.28
18 Sep
49d
0.31
18 Dec
140d
0.34
19 Mar
231d
Volatility by Strike
Balanced wings
Comparable upside calls and downside puts carry broadly similar implied volatility.
60
65
68
70
73
75
78
80
83
85
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 quotes98%
Open interest100%
- Chain status
- Complete available chain
- Market date
- 31 Jul 2026
- Calculation
- v2.0
- Contracts
- 110 / 110
- 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
Put-heavy activity
Put-side activity dominates. This can reflect hedging or directional positioning, but the chain alone cannot distinguish buying from selling.
The options read is mixed, so divergence is not strong enough to classify.
Put-heavy activity matters because it connects the options headline to the actual evidence: $302913 of estimated gross traded notional, puts · 91+ 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-3
1W price+0.0%
Call premium18%
Put premium82%
Notional split
C 18% / P 82%
Estimated gross traded notional uses volume × contract multiplier × midpoint, or last price when no valid midpoint is available.
Freshness
0.08
Volume divided by open interest across the visible chain.
Trend fit
71/100
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.
Puts · 91+ days · ITM
puts cluster with 107 contracts traded, $94807 estimated gross traded notional, and 31% of visible notional.
$94807
Puts · 46-90 days · ITM
puts cluster with 44 contracts traded, $62355 estimated gross traded notional, and 21% of visible notional.
$62355
Puts · 91+ days · OTM
puts cluster with 144 contracts traded, $35385 estimated gross traded notional, and 12% of visible notional.
$35385
Puts · 46-90 days · ATM
puts cluster with 97 contracts traded, $27888 estimated gross traded notional, and 9% of visible notional.
$27888
Calls · 91+ days · ITM
calls cluster with 15 contracts traded, $14100 estimated gross traded notional, and 5% of visible notional.
$14100
Setup Classification
Opportunity and risk frame
Positioning agrees with the Sharemaestro trend backdrop.
Underlying price is close to the max-pain zone.
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
Close71.95
1W+0.0%
RS-20.5
Fair value-18.2%
Options pressure-3
Speculation10
Volatility47
Trend fit71
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 10:15
Mixed
Pressure -4
Move 5.5%
30 Jul 11:59
Mixed
Pressure -12
Move 5.1%
30 Jul 17:38
Bullish
Pressure 24
Move 5.3%
31 Jul 00:21
Mixed
Pressure 17
Move 3.6%
31 Jul 02:17
Bullish
Pressure 29
Move 3.6%
31 Jul 13:56
Bullish
Pressure 20
Move 4.9%
31 Jul 23:45
Mixed
Pressure -3
Move 5.3%
Strike Map
Where activity is clustering
Strike55.00
Calls · V 0 · OI 0
Puts · V 8 · OI 41
Strike60.00
Calls · V 0 · OI 0
Puts · V 1 · OI 21
Strike65.00
Calls · V 0 · OI 0
Puts · V 1 · OI 120
Strike67.50
Calls · V 1 · OI 1
Puts · V 3 · OI 139
Strike70.00
Calls · V 6 · OI 33
Puts · V 114 · OI 375
Strike72.50
Calls · V 1 · OI 402
Puts · V 2 · OI 344
Strike75.00
Calls · V 3 · OI 502
Puts · V 1 · OI 143
Strike77.50
Calls · V 258 · OI 501
Puts · V 10 · OI 11
Term Structure
Expiration activity
Expiry21 Aug 2026
Contracts18
Avg IV0.37
Put-call0.51
Expiry18 Sep 2026
Contracts45
Avg IV0.28
Put-call1.23
Expiry18 Dec 2026
Contracts31
Avg IV0.31
Put-call3.25
Expiry19 Mar 2027
Contracts16
Avg IV0.34
Put-call3.27
Skew
Call/put IV balance
21 Aug 2026Balanced skew
Call IV0.29
Put IV0.28
Skew-0.01
18 Sep 2026Balanced skew
Call IV0.25
Put IV0.29
Skew0.03
18 Dec 2026Balanced skew
Call IV0.28
Put IV0.28
Skew0.00
19 Mar 2027Balanced skew
Call IV0.29
Put IV0.34
Skew0.05
Contract Tape
Most active contracts
ContractOTIS270319P00085000
SidePut
Expiry19 Mar 2027
Strike85.00
Volume-
OI20
IV0.30
ContractOTIS260918P00050000
SidePut
Expiry18 Sep 2026
Strike50.00
Volume-
OI15
IV0.53
ContractOTIS270319P00060000
SidePut
Expiry19 Mar 2027
Strike60.00
Volume-
OI9
IV0.39
ContractOTIS261218P00087500
SidePut
Expiry18 Dec 2026
Strike87.50
Volume-
OI7
IV0.51
ContractOTIS260918P00105000
SidePut
Expiry18 Sep 2026
Strike105.00
Volume-
OI4
IV0.00
ContractOTIS270319C00072500
SideCall
Expiry19 Mar 2027
Strike72.50
Volume-
OI2
IV0.35
ContractOTIS260821C00100000
SideCall
Expiry21 Aug 2026
Strike100.00
Volume-
OI2
IV0.59
ContractOTIS260918C00135000
SideCall
Expiry18 Sep 2026
Strike135.00
Volume-
OI1
IV0.97
Research Graph
Related research and context
Sharemaestro research
Related News
No recent ticker-specific news yet.
Market Watch
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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.