Ticker Options Intelligence

LPTH options intelligence

LightPath Technologies Inc options pressure, expected move, strike concentration, and Sharemaestro trend context.

Conviction 61 Market data through 30 Jul 2026 Checked 31 Jul 2026 06:49 · complete available chain

Volatility expansion watch

Volatility pressure

LPTH currently carries volatility options pressure with a 61/100 conviction score. The nearest-chain expected move is 20.5%, with volume/open-interest participation at 0.05.

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

Volatility expansion watch

Expected move 20.5%

Wider near-term move priced

Activity / OI 0.05

Current volume is quieter versus prior open interest

Put-call 0.03

Call-side skew

Trend fit 0

Options are not fully confirming trend

Weekly backdrop +3.5%

RS 0.4

Expected move 20.5%
Put-call volume 0.03
Volume / OI 0.05
Reference IV 1.19
Max pain 12.50
Underlying 10.83
Nearest expiry 21 Aug 2026
Contracts 166

Research Brief

LPTH has a volatility chain read with 61/100 evidence alignment.

The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 8.61–13.05; The largest call open-interest concentration is 15.00; the largest put concentration is 10.00. The most active strike by current volume is 15.00.

Priced range8.61–13.05
Call concentration15.00
Put concentration10.00
Max pain reference12.50
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.

Priced Move

Where the chain says movement becomes exceptional

Size, not direction · through 21 Aug

Options imply 8.61 to 13.05. Max pain at 12.50 sits inside that range, 15.4% above spot.

Spot Max pain
8.6110.83 ± 2.2213.05
Confirmation level

A close beyond 13.05 or below 8.61 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 61/100

Evidence alignment, not probability

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

Directional pressure100 × 42%
+42.0

How strongly activity leans toward calls or puts.

Participation41 × 22%
+9.1

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

Trend agreement0 × 26%
+0.0

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 score60.6Matches stored calculation

Positioning by Strike

Where open interest and current activity concentrate

Full strike map

The largest call open-interest concentration is 15.00; the largest put concentration is 10.00. The most active strike by current volume is 15.00. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.

Put open interestStrikeCall open interest
0
2.50-76.9%
1
150
5.00-53.8%
0
643
7.50-30.7%
67
7879
10.00-7.7%
244
645
12.5015.4%
1464
538
15.0038.5%
1657
5
17.5061.6%
1223
2
20.0084.7%
1414
0
22.50107.8%
103
0
25.00130.8%
878
0
30.00177.0%
5
Nearest spot strike Max pain strikeBars show relative OI within this expiry

Volatility Curve

Balanced volatility curve

0.93× front/back

Near- and longer-dated implied volatility are broadly aligned; no exceptional front-expiry premium is visible.

1.19 21 Aug 22d
1.18 18 Sep 50d
1.16 18 Dec 141d
1.17 15 Jan 169d
1.21 19 Mar 232d
1.22 17 Jun 322d
1.28 21 Jan 540d

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.

10
13
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 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

A100/100
Retained chain100%
Implied volatility100%
Two-sided quotes100%
Open interest100%
Chain status
Complete available chain
Market date
30 Jul 2026
Calculation
v2.0
Contracts
166 / 166
  • 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

Volatility expansion bet

92/100
Primary intent Volatility expansion bet

The strongest message is movement risk: expected move and implied volatility are carrying more signal than direction.

Flow vs price divergence Volatility flow versus price

Options are pricing movement more than direction; compare expected move with the stock's actual weekly change.

Why this matters

Volatility expansion bet matters because it connects the options headline to the actual evidence: $448012 of estimated gross traded notional, calls · 91+ days · otm, and a volatility flow versus price backdrop. Use it as a research priority signal, then validate the chart, liquidity, event calendar, and risk before acting.

Options pressure+100
1W price+3.5%
Call premium96%
Put premium4%
Notional split C 96% / P 4% Estimated gross traded notional uses volume × contract multiplier × midpoint, or last price when no valid midpoint is available.
Freshness 0.05 Volume divided by open interest across the visible chain.
Trend fit 0/100 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 Calls · 91+ days · OTM
Calls · 91+ days · OTM calls cluster with 597 contracts traded, $193795 estimated gross traded notional, and 43% of visible notional.
$193795
Calls · 91+ days · ITM calls cluster with 306 contracts traded, $106592 estimated gross traded notional, and 24% of visible notional.
$106592
Calls · 46-90 days · ITM calls cluster with 372 contracts traded, $74182 estimated gross traded notional, and 17% of visible notional.
$74182
Calls · 46-90 days · OTM calls cluster with 358 contracts traded, $22382 estimated gross traded notional, and 5% of visible notional.
$22382
Calls · 8-21 days · ITM calls cluster with 142 contracts traded, $18105 estimated gross traded notional, and 4% of visible notional.
$18105

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

-

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
Close10.83
1W+3.5%
RS0.4
Fair value+136.3%
Options pressure100
Speculation41
Volatility96
Trend fit0

Today Versus Normal

Stored-options context

View history
Expected move 20.5% history building
30d avg - · 2/10 sessions -
90d avg - · 2/30 sessions -
180d avg - · 2/60 sessions -
IV 1.19 history building
30d avg - · 2/10 sessions -
90d avg - · 2/30 sessions -
180d avg - · 2/60 sessions -
Put-call 0.03 history building
30d avg - · 2/10 sessions -
90d avg - · 2/30 sessions -
180d avg - · 2/60 sessions -
Volume/OI 0.05 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 11:12 Bullish
Pressure 68
Move 22.4%
30 Jul 10:59 Mixed
Pressure 6
Move 21.2%
30 Jul 15:12 Mixed
Pressure 13
Move 20.3%
30 Jul 15:32 Mixed
Pressure 14
Move 21.0%
30 Jul 19:35 Bullish
Pressure 50
Move 20.8%
31 Jul 05:49 Volatility
Pressure 100
Move 20.5%

Strike Map

Where activity is clustering

Full strike map
Strike2.50
Calls · V 0 · OI 1
Puts · V 0 · OI 0
Strike5.00
Calls · V 0 · OI 0
Puts · V 0 · OI 150
Strike7.50
Calls · V 0 · OI 67
Puts · V 2 · OI 643
Strike10.00
Calls · V 142 · OI 244
Puts · V 18 · OI 7879
Strike12.50
Calls · V 193 · OI 1464
Puts · V 0 · OI 645
Strike15.00
Calls · V 212 · OI 1657
Puts · V 10 · OI 538
Strike17.50
Calls · V 194 · OI 1223
Puts · V 0 · OI 5
Strike20.00
Calls · V 1 · OI 1414
Puts · V 0 · OI 2

Term Structure

Expiration activity

Volume and IV
Expiry21 Aug 2026
Contracts22
Avg IV1.19
Put-call0.04
Expiry18 Sep 2026
Contracts24
Avg IV1.18
Put-call0.05
Expiry18 Dec 2026
Contracts24
Avg IV1.16
Put-call0.01
Expiry15 Jan 2027
Contracts24
Avg IV1.17
Put-call0.02
Expiry19 Mar 2027
Contracts24
Avg IV1.21
Put-call-

Skew

Call/put IV balance

OTM demand
21 Aug 2026Balanced skew
Call IV1.18
Put IV1.18
Skew-
18 Sep 2026Put IV premium
Call IV1.13
Put IV1.50
Skew0.37
18 Dec 2026Balanced skew
Call IV1.19
Put IV1.18
Skew-0.01
15 Jan 2027Balanced skew
Call IV1.16
Put IV1.21
Skew0.05
19 Mar 2027Balanced skew
Call IV1.19
Put IV1.21
Skew0.02

Contract Tape

Most active contracts

Full contract tape
ContractLPTH260918C00010000
SideCall
Expiry18 Sep 2026
Strike10.00
Volume367
OI1020
IV1.21
ContractLPTH260918C00015000
SideCall
Expiry18 Sep 2026
Strike15.00
Volume243
OI1694
IV1.13
ContractLPTH261218C00010000
SideCall
Expiry18 Dec 2026
Strike10.00
Volume215
OI207
IV1.16
ContractLPTH260821C00015000
SideCall
Expiry21 Aug 2026
Strike15.00
Volume212
OI1657
IV1.23
ContractLPTH270617C00015000
SideCall
Expiry17 Jun 2027
Strike15.00
Volume200
OI77
IV1.18
ContractLPTH270617C00017500
SideCall
Expiry17 Jun 2027
Strike17.50
Volume200
OI27
IV1.18
ContractLPTH260821C00017500
SideCall
Expiry21 Aug 2026
Strike17.50
Volume194
OI1223
IV1.27
ContractLPTH260821C00012500
SideCall
Expiry21 Aug 2026
Strike12.50
Volume193
OI1464
IV1.18