Ticker Options Intelligence

CRM options intelligence

Salesforce.com Inc options pressure, expected move, strike concentration, and Sharemaestro trend context.

Conviction 36 Market data through 30 Jul 2026 Checked 31 Jul 2026 11:00 · complete available chain

Options-market disagreement

Mixed pressure

CRM currently carries mixed options pressure with a 36/100 conviction score. The nearest-chain expected move is 11.1%, with volume/open-interest participation at 0.07.

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

Options-market disagreement

Expected move 11.1%

Wider near-term move priced

Activity / OI 0.07

Current volume is quieter versus prior open interest

Put-call 0.76

Balanced tape

Trend fit 48

Options are not fully confirming trend

Weekly backdrop -4.2%

RS -29.3

Expected move 11.1%
Put-call volume 0.76
Volume / OI 0.07
Reference IV 0.56
Max pain 172.50
Underlying 163.66
Nearest expiry 31 Jul 2026
Contracts 1686

Research Brief

CRM 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 145.53–181.79; The largest call open-interest concentration is 190.00; the largest put concentration is 185.00. The most active strike by current volume is 180.00.

Priced range145.53–181.79
Call concentration190.00
Put concentration185.00
Max pain reference172.50
What would confirm it
  • A clear directional pressure reading develops and price begins to agree.
What would weaken it
  • Volatility falls and the chain remains directionally mixed.
  • 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 31 Jul

Options imply 145.53 to 181.79. Max pain at 172.50 sits inside that range, 5.4% above spot.

Spot Max pain
145.53163.66 ± 18.13181.79
Confirmation level

A close beyond 181.79 or below 145.53 at the 31 Jul 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 16/100 toward calls; conviction uses its strength, while the signal label carries its direction.

Directional pressure16 × 42%
+6.7

How strongly activity leans toward calls or puts.

Participation42 × 22%
+9.2

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

Trend agreement48 × 26%
+12.6

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

Volatility79 × 10%
+7.9

The intensity of implied volatility and the priced move.

Reconstructed score36.4Matches stored calculation

Positioning by Strike

Where open interest and current activity concentrate

Full strike map

The largest call open-interest concentration is 190.00; the largest put concentration is 185.00. The most active strike by current volume is 180.00. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.

Put open interestStrikeCall open interest
969
150.00-8.3%
1070
842
155.00-5.3%
552
937
160.00-2.2%
275
502
165.000.8%
1753
335
167.502.3%
670
1495
170.003.9%
1639
674
172.505.4%
1536
1870
175.006.9%
1639
712
177.508.5%
801
1777
180.0010.0%
2075
388
182.5011.5%
616
2116
185.0013.0%
2346
286
187.5014.6%
784
356
190.0016.1%
3655
88
195.0019.1%
918
21
200.0022.2%
1404
4
202.5023.7%
1490
Nearest spot strike Max pain strikeBars show relative OI within this expiry

Volatility Curve

Front-loaded volatility

1.17× front/back

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

0.56 31 Jul 1d
0.51 7 Aug 8d
0.49 14 Aug 15d
0.47 21 Aug 22d
0.51 28 Aug 29d
0.55 4 Sep 36d
0.53 11 Sep 43d
0.51 18 Sep 50d

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.

135
140
141
142
144
146
147
148
150
155
158
160
165
170
173
175
180
185
188
190
195
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 31 Jul 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

Usable with limits

C69/100
Retained chain100%
Implied volatility100%
Two-sided quotes100%
Open interest100%
Chain status
Complete available chain
Market date
30 Jul 2026
Calculation
v2.0
Contracts
1686 / 1686
  • 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

76/100
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 No clean flow/price divergence

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

Why this matters

Multi-expiry position-maintenance candidate matters because it connects the options headline to the actual evidence: $36.5M of estimated gross traded notional, puts · 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+16
1W price-4.2%
Call premium51%
Put premium49%
Notional split C 51% / P 49% Estimated gross traded notional uses volume × contract multiplier × midpoint, or last price when no valid midpoint is available.
Freshness 0.07 Volume divided by open interest across the visible chain.
Trend fit 48/100 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 Puts · 8-21 days · ITM
Puts · 8-21 days · ITM puts cluster with 4299 contracts traded, $6.8M estimated gross traded notional, and 19% of visible notional.
$6.8M
Calls · 91+ days · OTM calls cluster with 3864 contracts traded, $4.8M estimated gross traded notional, and 13% of visible notional.
$4.8M
Calls · 0-7 days · OTM calls cluster with 22727 contracts traded, $4.6M estimated gross traded notional, and 12% of visible notional.
$4.6M
Calls · 8-21 days · OTM calls cluster with 7989 contracts traded, $3.2M estimated gross traded notional, and 9% of visible notional.
$3.2M
Puts · 0-7 days · ITM puts cluster with 11828 contracts traded, $2.7M estimated gross traded notional, and 7% of visible notional.
$2.7M

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.

Activity Anomaly

Warming up

-

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

Baseline: 2 completed sessions

Volume rank-
Volume/OI rank-
IV rank-

Market Context

Underlying confirmation

Sharemaestro weekly
Close163.66
1W-4.2%
RS-29.3
Fair value-34.2%
Options pressure16
Speculation42
Volatility79
Trend fit48

Today Versus Normal

Stored-options context

View history
Expected move 11.1% history building
30d avg - · 2/10 sessions -
90d avg - · 2/30 sessions -
180d avg - · 2/60 sessions -
IV 0.56 history building
30d avg - · 2/10 sessions -
90d avg - · 2/30 sessions -
180d avg - · 2/60 sessions -
Put-call 0.76 history building
30d avg - · 2/10 sessions -
90d avg - · 2/30 sessions -
180d avg - · 2/60 sessions -
Volume/OI 0.07 history building
30d avg - · 2/10 sessions -
90d avg - · 2/30 sessions -
180d avg - · 2/60 sessions -

Pressure Trail

Recent pressure and volatility

Open trail
29 Jul 10:01 Bullish
Pressure 31
Move 11.9%
30 Jul 10:00 Bullish
Pressure 42
Move 16.0%
31 Jul 10:00 Mixed
Pressure 16
Move 11.1%

Strike Map

Where activity is clustering

Full strike map
Strike85.00
Calls · V 2 · OI 4
Puts · V 1 · OI 1
Strike90.00
Calls · V 2 · OI 5
Puts · V 3 · OI 22
Strike95.00
Calls · V 0 · OI 3
Puts · V 0 · OI 3
Strike100.00
Calls · V 0 · OI 1
Puts · V 0 · OI 12
Strike105.00
Calls · V 2 · OI 3
Puts · V 0 · OI 14
Strike110.00
Calls · V 2 · OI 6
Puts · V 3 · OI 620
Strike115.00
Calls · V 0 · OI 4
Puts · V 0 · OI 104
Strike120.00
Calls · V 8 · OI 3
Puts · V 0 · OI 13

Term Structure

Expiration activity

Volume and IV
Expiry31 Jul 2026
Contracts110
Avg IV0.56
Put-call0.60
Expiry7 Aug 2026
Contracts108
Avg IV0.51
Put-call0.74
Expiry14 Aug 2026
Contracts104
Avg IV0.49
Put-call0.16
Expiry21 Aug 2026
Contracts120
Avg IV0.47
Put-call0.98
Expiry28 Aug 2026
Contracts72
Avg IV0.51
Put-call2.97

Skew

Call/put IV balance

OTM demand
31 Jul 2026Put IV premium
Call IV0.59
Put IV1.02
Skew0.43
7 Aug 2026Balanced skew
Call IV0.47
Put IV0.51
Skew0.04
14 Aug 2026Balanced skew
Call IV0.47
Put IV0.49
Skew0.02
21 Aug 2026Balanced skew
Call IV0.45
Put IV0.47
Skew0.02
28 Aug 2026Balanced skew
Call IV0.48
Put IV0.52
Skew0.04

Contract Tape

Most active contracts

Full contract tape
ContractCRM260731C00180000
SideCall
Expiry31 Jul 2026
Strike180.00
Volume7253
OI2075
IV0.58
ContractCRM260731C00182500
SideCall
Expiry31 Jul 2026
Strike182.50
Volume4745
OI616
IV0.57
ContractCRM260731P00180000
SidePut
Expiry31 Jul 2026
Strike180.00
Volume3316
OI1777
IV0.54
ContractCRM260731P00177500
SidePut
Expiry31 Jul 2026
Strike177.50
Volume3250
OI712
IV0.59
ContractCRM270115P00120000
SidePut
Expiry15 Jan 2027
Strike120.00
Volume3089
OI4773
IV0.53
ContractCRM260731C00185000
SideCall
Expiry31 Jul 2026
Strike185.00
Volume2684
OI2346
IV0.59
ContractCRM260731P00175000
SidePut
Expiry31 Jul 2026
Strike175.00
Volume1942
OI1870
IV0.59
ContractCRM260814C00180000
SideCall
Expiry14 Aug 2026
Strike180.00
Volume1837
OI342
IV0.47