Ticker Options Intelligence

SFIX options intelligence

Stitch Fix options pressure, expected move, strike concentration, and Sharemaestro trend context.

Conviction 31 Market data through 4 Aug 2026 Checked 5 Aug 2026 12:01 · complete available chain

Call-side pressure

Bullish pressure

SFIX currently carries bullish options pressure with a 31/100 conviction score. The nearest-chain expected move is 21.8%, with volume/open-interest participation at 0.00.

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

Call-side pressure

Expected move 21.8%

Wider near-term move priced

Activity / OI 0.00

Current volume is quieter versus prior open interest

Put-call 0.57

Call-side skew

Trend fit 31

Options are not fully confirming trend

Weekly backdrop +12.3%

RS -13.5

Expected move 21.8%
Put-call volume 0.57
Volume / OI 0.00
Reference IV 0.91
Max pain 5.00
Underlying 4.02
Nearest expiry 21 Aug 2026
Contracts 62

Research Brief

SFIX has a bullish chain read with 31/100 evidence alignment.

The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 3.15–4.89; The largest call open-interest concentration is 5.00; the largest put concentration is 5.00. The most active strike by current volume is 2.50.

Priced range3.15–4.89
Call concentration5.00
Put concentration5.00
Max pain reference5.00
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 3.15 to 4.89. Max pain at 5.00 lies outside the priced range, so it is a weak near-term anchor.

Spot Max pain
3.154.02 ± 0.874.89
Confirmation level

A close beyond 4.89 or below 3.15 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 31/100

Evidence alignment, not probability

Pressure is 32/100 toward calls; conviction uses its strength, while the signal label carries its direction.

Directional pressure32 × 42%
+13.2

How strongly activity leans toward calls or puts.

Participation3 × 22%
+0.6

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

Trend agreement31 × 26%
+8.0

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 score31.5Matches stored calculation

Positioning by Strike

Where open interest and current activity concentrate

Full strike map

The largest call open-interest concentration is 5.00; the largest put concentration is 5.00. The most active strike by current volume is 2.50. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.

Put open interestStrikeCall open interest
3
2.50-37.8%
2
9
5.0024.4%
197
2
7.5086.6%
13
Nearest spot strike Max pain strikeBars show relative OI within this expiry

Gamma Profile by Strike

Positive gamma proxy

Reported Greeks · 93% 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+$13,165Delta change / 1% move
Positive peak5.00+$6,601
Negative peak2.50-$4,305
Nearest balance3.01Interpolated sign change
StrikeNegativePositiveNet / 1% move
0.50-87.6%
-$78
1.00-75.1%
-$0
1.50-62.7%
+$1
2.00-50.2%
-$26
2.50-37.8%
-$4,305
3.00-25.4%
-$1
3.50-12.9%
+$71
4.00-0.5%
+$579
4.5011.9%
+$246
5.0024.4%
+$6,601
5.5036.8%
+$510
7.5086.6%
+$5,024
10.00148.8%
+$994
12.50210.9%
+$3,550
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

1.19× front/back

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

0.91 21 Aug 17d
0.92 18 Sep 45d
0.80 18 Dec 136d
0.80 15 Jan 164d
0.83 19 Mar 227d
0.77 21 Jan 535d

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

0 matured · 0 directional

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
  • Auditable calculationoriginal version retained
  • Independent entryone read per market session
  • Point-in-time referencerequired at entry
  • Matched expiry closereported only after maturity

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

High

A97/100
Retained chain100%
Implied volatility100%
Two-sided quotes100%
Open interest100%
Chain status
Complete available chain
Market date
4 Aug 2026
Calculation
v2.0
Contracts
62 / 62
  • 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

64/100
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 confirms price

Options pressure and weekly price action are pointing in the same constructive direction.

Why this matters

Multi-expiry position-maintenance candidate matters because it connects the options headline to the actual evidence: $2,492 of estimated gross traded notional, calls · 91+ days · otm, 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+32
1W price+12.3%
Call premium79%
Put premium21%
Notional split C 79% / P 21% Estimated gross traded notional uses volume × contract multiplier × midpoint, or last price when no valid midpoint is available.
Freshness 0.00 Volume divided by open interest across the visible chain.
Trend fit 31/100 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 Calls · 91+ days · OTM
Calls · 91+ days · OTM calls cluster with 24 contracts traded, $1,240 estimated gross traded notional, and 50% of visible notional.
$1,240
Puts · 91+ days · OTM puts cluster with 26 contracts traded, $522 estimated gross traded notional, and 21% of visible notional.
$522
Calls · 22-45 days · ITM calls cluster with 2 contracts traded, $360 estimated gross traded notional, and 14% of visible notional.
$360
Calls · 91+ days · ATM calls cluster with 2 contracts traded, $195 estimated gross traded notional, and 8% of visible notional.
$195
Calls · 22-45 days · OTM calls cluster with 18 contracts traded, $175 estimated gross traded notional, and 7% of visible notional.
$175

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

-

5 of 10 completed market sessions are available. More session history is needed before activity can be compared with a reliable normal.

Baseline: 5 completed sessions

Volume rank-
Volume/OI rank-
IV rank-

Market Context

Underlying confirmation

Sharemaestro weekly
Close4.02
1W+12.3%
RS-13.5
Fair value+5.0%
Options pressure32
Speculation3
Volatility96
Trend fit31

Today Versus Normal

Stored-options context

View history
Expected move 21.8% history building
30d avg - · 5/10 sessions -
90d avg - · 5/30 sessions -
180d avg - · 5/60 sessions -
IV 0.91 history building
30d avg - · 5/10 sessions -
90d avg - · 5/30 sessions -
180d avg - · 5/60 sessions -
Put-call 0.57 history building
30d avg - · 5/10 sessions -
90d avg - · 5/30 sessions -
180d avg - · 5/60 sessions -
Volume/OI 0.00 history building
30d avg - · 5/10 sessions -
90d avg - · 5/30 sessions -
180d avg - · 5/60 sessions -

Pressure Trail

Recent pressure and volatility

Open trail
29 Jul 11:26 Bullish
Pressure 71
Move 23.1%
30 Jul 11:11 Volatility
Pressure 92
Move 19.2%
31 Jul 13:16 Volatility
Pressure -37
Move 21.3%
31 Jul 14:03 Bullish
Pressure 51
Move 48.0%
31 Jul 17:01 Bullish
Pressure 50
Move 48.0%
2 Aug 11:29 Volatility
Pressure 95
Move 26.1%
4 Aug 10:30 Bullish
Pressure 65
Move 24.9%
5 Aug 11:01 Bullish
Pressure 32
Move 21.8%

Strike Map

Where activity is clustering

Full strike map
Strike2.50
Calls · V 0 · OI 2
Puts · V 0 · OI 3
Strike5.00
Calls · V 0 · OI 197
Puts · V 0 · OI 9
Strike7.50
Calls · V 0 · OI 13
Puts · V 0 · OI 2

Term Structure

Expiration activity

Volume and IV
Expiry21 Aug 2026
Contracts6
Avg IV0.91
Put-call-
Expiry18 Sep 2026
Contracts8
Avg IV0.92
Put-call-
Expiry18 Dec 2026
Contracts6
Avg IV0.80
Put-call-
Expiry15 Jan 2027
Contracts28
Avg IV0.80
Put-call4.33
Expiry19 Mar 2027
Contracts6
Avg IV0.83
Put-call-

Skew

Call/put IV balance

OTM demand
21 Aug 2026Put IV premium
Call IV0.46
Put IV1.30
Skew0.84
18 Sep 2026Put IV premium
Call IV0.54
Put IV0.81
Skew0.26
18 Dec 2026Balanced skew
Call IV0.80
Put IV0.80
Skew-
15 Jan 2027Balanced skew
Call IV0.79
Put IV0.83
Skew0.05
19 Mar 2027Balanced skew
Call IV0.81
Put IV0.86
Skew0.05

Contract Tape

Most active contracts

Full contract tape
ContractSFIX270115P00002000
SidePut
Expiry15 Jan 2027
Strike2.00
Volume25
OI70
IV0.58
ContractSFIX261218C00005000
SideCall
Expiry18 Dec 2026
Strike5.00
Volume20
OI95
IV0.79
ContractSFIX260918C00005000
SideCall
Expiry18 Sep 2026
Strike5.00
Volume17
OI542
IV0.54
ContractSFIX270115C00007500
SideCall
Expiry15 Jan 2027
Strike7.50
Volume4
OI2265
IV0.79
ContractSFIX260918C00002500
SideCall
Expiry18 Sep 2026
Strike2.50
Volume2
OI456
IV1.05
ContractSFIX270115C00004000
SideCall
Expiry15 Jan 2027
Strike4.00
Volume2
OI407
IV0.75
ContractSFIX270115P00003000
SidePut
Expiry15 Jan 2027
Strike3.00
Volume1
OI132
IV0.73
ContractSFIX260918C00007500
SideCall
Expiry18 Sep 2026
Strike7.50
Volume1
OI91
IV0.77