Primary read
Bullish
Call-side pressure
Ticker Options Intelligence
MSGE options intelligence
Madison Square Garden Entertainment Corp options pressure, expected move, strike concentration, and Sharemaestro trend context.
Conviction
50
Market data through 31 Jul 2026
Checked 1 Aug 2026 17:15 · complete available chain
Call-side pressure
Bullish pressure
MSGE currently carries bullish options pressure with a 50/100 conviction score. The nearest-chain expected move is 8.7%, with volume/open-interest participation at 0.00.
Expected move
8.7%
Wider near-term move priced
Activity / OI
0.00
Current volume is quieter versus prior open interest
Put-call
0.17
Call-side skew
Trend fit
42
Options are not fully confirming trend
Weekly backdrop
+1.3%
RS 24.4
Expected move
8.7%
Put-call volume
0.17
Volume / OI
0.00
Reference IV
0.48
Max pain
70.00
Underlying
77.26
Nearest expiry
21 Aug 2026
Contracts
136
Research Brief
MSGE has a bullish chain read with 50/100 evidence alignment.
The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 70.53–83.99; The largest call open-interest concentration is 75.00; the largest put concentration is 65.00. The most active strike by current volume is 40.00.
Priced range70.53–83.99
Call concentration75.00
Put concentration65.00
Max pain reference70.00
- 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 70.53 to 83.99. Max pain at 70.00 lies outside the priced range, so it is a weak near-term anchor.
Spot
Max pain
70.5377.26 ± 6.7383.99
Confirmation level
A close beyond 83.99 or below 70.53 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 50/100
Pressure is 59/100 toward calls; conviction uses its strength, while the signal label carries its direction.
Directional pressure59 × 42%
+25.0
How strongly activity leans toward calls or puts.
Participation32 × 22%
+7.1
Volume relative to existing open interest and contract-level activity.
Trend agreement42 × 26%
+10.9
How closely the chain read agrees with the underlying trend backdrop.
Volatility68 × 10%
+6.8
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 75.00; the largest put concentration is 65.00. The most active strike by current volume is 40.00. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.
Put open interestStrikeCall open interest
0
40.00-48.2%
0
0
45.00-41.8%
0
0
50.00-35.3%
1
0
55.00-28.8%
1
5
60.00-22.3%
1
2010
65.00-15.9%
0
14
70.00-9.4%
3
3
75.00-2.9%
30
0
80.003.5%
7
0
85.0010.0%
12
0
90.0016.5%
5
0
95.0023.0%
3
0
100.0029.4%
0
0
105.0035.9%
0
0
110.0042.4%
0
0
115.0048.8%
0
0
120.0055.3%
0
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.
0.48
21 Aug
21d
0.43
18 Sep
49d
0.42
16 Oct
77d
0.42
15 Jan
168d
Volatility by Strike
Balanced wings
Comparable upside calls and downside puts carry broadly similar implied volatility.
65
70
75
80
85
90
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
- 136 / 136
- 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: $1308 of estimated gross traded notional, calls · 46-90 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+59
1W price+1.3%
Call premium76%
Put premium24%
Notional split
C 76% / P 24%
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
42/100
Agreement between options pressure and Sharemaestro market context.
Event window
12 Aug
Matched earnings event is 11 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 · 46-90 days · OTM
calls cluster with 5 contracts traded, $780 estimated gross traded notional, and 60% of visible notional.
$780
Puts · 91+ days · OTM
puts cluster with 1 contracts traded, $318 estimated gross traded notional, and 24% of visible notional.
$318
Calls · 91+ days · OTM
calls cluster with 1 contracts traded, $210 estimated gross traded notional, and 16% of visible notional.
$210
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.
Call pressure is building while the stock sits above Sharemaestro fair value.
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
Close77.26
1W+1.3%
RS24.4
Fair value+79.4%
Options pressure59
Speculation32
Volatility68
Trend fit42
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 - · 2/10 sessions
-
90d avg - · 2/30 sessions
-
180d avg - · 2/60 sessions
-
30d avg - · 3/10 sessions
-
90d avg - · 3/30 sessions
-
180d avg - · 3/60 sessions
-
Pressure Trail
Recent pressure and volatility
29 Jul 10:52
Bullish
Pressure 21
Move 10.0%
30 Jul 10:42
Mixed
Pressure -12
Move 8.6%
30 Jul 14:52
Bullish
Pressure 37
Move 9.7%
30 Jul 15:32
Bullish
Pressure 37
Move 8.7%
30 Jul 19:50
Bullish
Pressure 37
Move 8.4%
31 Jul 17:25
Bullish
Pressure 37
Move 8.8%
31 Jul 22:45
Volatility
Pressure 36
Move 8.8%
1 Aug 04:04
Bullish
Pressure 59
Move 8.8%
Strike Map
Where activity is clustering
Strike40.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike45.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike50.00
Calls · V 0 · OI 1
Puts · V 0 · OI 0
Strike55.00
Calls · V 0 · OI 1
Puts · V 0 · OI 0
Strike60.00
Calls · V 0 · OI 1
Puts · V 0 · OI 5
Strike65.00
Calls · V 0 · OI 0
Puts · V 0 · OI 2010
Strike70.00
Calls · V 0 · OI 3
Puts · V 0 · OI 14
Strike75.00
Calls · V 0 · OI 30
Puts · V 0 · OI 3
Term Structure
Expiration activity
Expiry21 Aug 2026
Contracts34
Avg IV0.48
Put-call-
Expiry18 Sep 2026
Contracts30
Avg IV0.43
Put-call-
Expiry16 Oct 2026
Contracts36
Avg IV0.42
Put-call-
Expiry15 Jan 2027
Contracts36
Avg IV0.42
Put-call1.00
Skew
Call/put IV balance
21 Aug 2026Balanced skew
Call IV0.50
Put IV0.52
Skew0.02
18 Sep 2026Balanced skew
Call IV0.44
Put IV0.45
Skew0.01
16 Oct 2026Put IV premium
Call IV0.39
Put IV0.44
Skew0.06
15 Jan 2027Balanced skew
Call IV0.39
Put IV0.43
Skew0.05
Contract Tape
Most active contracts
ContractMSGE261016C00095000
SideCall
Expiry16 Oct 2026
Strike95.00
Volume4
OI1
IV0.41
ContractMSGE261016C00085000
SideCall
Expiry16 Oct 2026
Strike85.00
Volume1
OI9
IV0.41
ContractMSGE270115C00105000
SideCall
Expiry15 Jan 2027
Strike105.00
Volume1
OI7
IV0.42
ContractMSGE270115P00065000
SidePut
Expiry15 Jan 2027
Strike65.00
Volume1
OI3
IV0.43
ContractMSGE260821P00065000
SidePut
Expiry21 Aug 2026
Strike65.00
Volume-
OI2010
IV0.29
ContractMSGE270115C00090000
SideCall
Expiry15 Jan 2027
Strike90.00
Volume-
OI56
IV0.41
ContractMSGE270115C00080000
SideCall
Expiry15 Jan 2027
Strike80.00
Volume-
OI34
IV0.41
ContractMSGE260821C00075000
SideCall
Expiry21 Aug 2026
Strike75.00
Volume-
OI30
IV0.48
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.