Ticker Options Intelligence

DV options intelligence

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

Conviction 42 Market data through 21 Sep 2026 Checked 22 Sep 2026 13:06 · complete available chain

Put-side pressure

Bearish pressure

DV currently carries bearish options pressure with a 42/100 conviction score. The nearest-chain expected move is 11.8%, with volume/open-interest participation at 0.03.

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

Put-side pressure

Expected move 11.8%

Wider near-term move priced

Activity / OI 0.03

Current volume is quieter versus prior open interest

Put-call 10.00

Put-side skew

Trend fit 20

Options are not fully confirming trend

Weekly backdrop +0.4%

RS 13.3

Expected move 11.8%
Put-call volume 10.00
Volume / OI 0.03
Reference IV 0.45
Max pain 2.50
Underlying 13.46
Nearest expiry 16 Oct 2026
Contracts 74

Research Brief

DV has a bearish chain read with 42/100 evidence alignment.

The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 11.87–15.05; The largest call open-interest concentration is 12.50; the largest put concentration is 2.50. The most active strike by current volume is 2.50.

Priced range11.87–15.05
Call concentration12.50
Put concentration2.50
Max pain reference2.50
What would confirm it
  • Price remains weak while put-side concentration persists.
What would weaken it
  • Price recovers while put pressure fades or reverses toward calls.
  • 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 16 Oct

Options imply 11.87 to 15.05. Max pain at 2.50 lies outside the priced range, so it is a weak near-term anchor.

Spot Max pain
11.8713.46 ± 1.5915.05
Confirmation level

A close beyond 15.05 or below 11.87 at the 16 Oct 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 42/100

Evidence alignment, not probability

Pressure is 70/100 toward puts; conviction uses its strength, while the signal label carries its direction.

Directional pressure70 × 42%
+29.5

How strongly activity leans toward calls or puts.

Participation1 × 22%
+0.2

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

Trend agreement20 × 26%
+5.2

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

Volatility72 × 10%
+7.2

The intensity of implied volatility and the priced move.

Reconstructed score42.1Matches stored calculation

Positioning by Strike

Where open interest and current activity concentrate

Full strike map

The largest call open-interest concentration is 12.50; the largest put concentration is 2.50. 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
0
2.50-81.4%
0
0
5.00-62.9%
0
0
7.50-44.3%
0
0
10.00-25.7%
0
0
12.50-7.1%
40
0
15.0011.4%
2
0
17.5030.0%
0
0
20.0048.6%
0
0
22.5067.2%
0
0
25.0085.7%
0
Nearest spot strike Max pain strikeBars show relative OI within this expiry

Gamma Profile by Strike

Positive gamma proxy

Reported + model-estimated Greeks · 96% 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+$55,418Delta change / 1% move
Positive peak15.00+$53,129
Negative peak17.50-$13
Nearest balance17.50Interpolated sign change
StrikeNegativePositiveNet / 1% move
2.50-81.4%
-$0
5.00-62.9%
+$17
7.50-44.3%
+$5
10.00-25.7%
+$231
12.50-7.1%
+$1,781
15.0011.4%
+$53,129
17.5030.0%
-$13
20.0048.6%
+$232
22.5067.2%
+$36
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

3.93× front/back

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

0.45 16 Oct 25d
0.28 20 Nov 60d
0.13 19 Feb 151d
0.11 21 May 242d

Volatility by Strike

Upside optionality premium

Nearest expiry, within 20% of spot

Out-of-the-money calls carry higher implied volatility than comparable puts, indicating richer upside optionality.

13
15
Put IV Call IV

Historical Replay

How matured reads behaved through expiry

20 matured · 5 directional

Across 5 stored directional transitions, the next stored price moved in the labelled direction 100% of the time.

Directional follow-through100%
Moves contained by pricing85%
Average expiry move6.2%
17 Sep Volatility · 61 0.4% through expiry 13.0% priced · v2.0
15 Sep Mixed · 39 0.4% through expiry 9.0% priced · v2.0
11 Sep Bullish · 44 0.4% through expiry 13.7% priced · v2.0
9 Sep Volatility · 48 0.7% through expiry 14.0% priced · v2.0
4 Sep Mixed · 39 0.7% through expiry 13.9% priced · v2.0
3 Sep Mixed · 44 0.6% through expiry 9.0% priced · v2.0
1 Sep Volatility · 52 0.6% through expiry 12.3% priced · v2.0
28 Aug Volatility · 48 0.6% through expiry 19.4% priced · v2.0
20 Aug Volatility · 53 0.2% through expiry 11.7% priced · v2.0
18 Aug Volatility · 54 0.2% through expiry 12.6% priced · v2.0
14 Aug Bullish · 49 0.2% through expiry 6.9% priced · v2.0
12 Aug Volatility · 53 0.8% through expiry 16.1% 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 volatility100%
Two-sided quotes100%
Open interest100%
Chain status
Complete available chain
Market date
21 Sep 2026
Calculation
v2.0
Contracts
74 / 74
  • 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

84/100
Primary intent Put-heavy activity

Put-side activity dominates. This can reflect hedging or directional positioning, but the chain alone cannot distinguish buying from selling.

Flow vs price divergence Bearish flow before price confirmation

Put-side pressure is present before a decisive weekly price breakdown.

Why this matters

Put-heavy activity matters because it connects the options headline to the actual evidence: $20,720 of estimated gross traded notional, puts · 46-90 days · itm, and a bearish flow before price confirmation backdrop. Use it as a research priority signal, then validate the chart, liquidity, event calendar, and risk before acting.

Options pressure-70
1W price+0.4%
Call premium28%
Put premium72%
Notional split C 28% / P 72% Estimated gross traded notional uses volume × contract multiplier × midpoint, or last price when no valid midpoint is available.
Freshness 0.03 Volume divided by open interest across the visible chain.
Trend fit 20/100 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 · 46-90 days · ITM
Puts · 46-90 days · ITM puts cluster with 100 contracts traded, $15,000 estimated gross traded notional, and 72% of visible notional.
$15,000
Calls · 22-45 days · ITM calls cluster with 5 contracts traded, $5,700 estimated gross traded notional, and 28% of visible notional.
$5,700
Calls · 22-45 days · OTM calls cluster with 5 contracts traded, $20 estimated gross traded notional, and 0% of visible notional.
$20

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.

Warning Bearish pressure under fair value

Put pressure is building after the stock has already moved below fair value.

Activity Anomaly

Normal range

56

Activity is broadly in line with recent stored snapshots.

Baseline: 22 completed sessions

Volume rank73th
Volume/OI rank86th
IV rank9th

Market Context

Underlying confirmation

Sharemaestro weekly
Close13.46
1W+0.4%
RS13.3
Fair value-27.3%
Options pressure-70
Speculation1
Volatility72
Trend fit20

Today Versus Normal

Stored-options context

View history
Expected move 11.8% history building
30d avg - · 8/10 sessions -
90d avg - · 22/30 sessions -
180d avg - · 22/60 sessions -
IV 0.45 history building
30d avg - · 8/10 sessions -
90d avg - · 22/30 sessions -
180d avg - · 22/60 sessions -
Put-call 10.00 history building
30d avg - · 4/10 sessions -
90d avg - · 18/30 sessions -
180d avg - · 18/60 sessions -
Volume/OI 0.03 history building
30d avg - · 8/10 sessions -
90d avg - · 22/30 sessions -
180d avg - · 22/60 sessions -

Pressure Trail

Recent pressure and volatility

Open trail
29 Jul 11:07 Volatility
Pressure -82
Move 19.6%
30 Jul 10:54 Volatility
Pressure 100
Move 16.5%
31 Jul 13:15 Bullish
Pressure 33
Move 15.4%
31 Jul 15:38 Bullish
Pressure 21
Move 17.3%
31 Jul 15:57 Bullish
Pressure 21
Move 17.3%
31 Jul 16:46 Bullish
Pressure 21
Move 17.3%
3 Aug 01:48 Volatility
Pressure 100
Move 18.8%
3 Aug 15:56 Bullish
Pressure 34
Move 20.2%

Strike Map

Where activity is clustering

Full strike map
Strike2.50
Calls · V 5 · OI 0
Puts · V 0 · OI 0
Strike5.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike7.50
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike10.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike12.50
Calls · V 0 · OI 40
Puts · V 0 · OI 0
Strike15.00
Calls · V 0 · OI 2
Puts · V 0 · OI 0
Strike17.50
Calls · V 5 · OI 0
Puts · V 0 · OI 0
Strike20.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0

Term Structure

Expiration activity

Volume and IV
Expiry16 Oct 2026
Contracts20
Avg IV0.45
Put-call-
Expiry20 Nov 2026
Contracts18
Avg IV0.28
Put-call-
Expiry19 Feb 2027
Contracts16
Avg IV0.13
Put-call-
Expiry21 May 2027
Contracts20
Avg IV0.11
Put-call-

Skew

Call/put IV balance

OTM demand
16 Oct 2026Balanced skew
Call IV0.22
Put IV0.17
Skew-0.05
20 Nov 2026Balanced skew
Call IV0.14
Put IV0.11
Skew-0.03
19 Feb 2027Balanced skew
Call IV0.08
Put IV0.07
Skew-0.01
21 May 2027Balanced skew
Call IV0.05
Put IV0.06
Skew0.01

Contract Tape

Most active contracts

Full contract tape
ContractDV261120P00015000
SidePut
Expiry20 Nov 2026
Strike15.00
Volume100
OI-
IV0.01
ContractDV261016C00017500
SideCall
Expiry16 Oct 2026
Strike17.50
Volume5
OI-
IV0.46
ContractDV261016C00002500
SideCall
Expiry16 Oct 2026
Strike2.50
Volume5
OI-
IV5.64
ContractDV261120C00015000
SideCall
Expiry20 Nov 2026
Strike15.00
Volume-
OI2576
IV0.14
ContractDV270219C00015000
SideCall
Expiry19 Feb 2027
Strike15.00
Volume-
OI128
IV0.08
ContractDV270219C00012500
SideCall
Expiry19 Feb 2027
Strike12.50
Volume-
OI95
IV0.08
ContractDV261120C00012500
SideCall
Expiry20 Nov 2026
Strike12.50
Volume-
OI74
IV0.01
ContractDV261120P00010000
SidePut
Expiry20 Nov 2026
Strike10.00
Volume-
OI71
IV0.35

Evidence context