Primary read
Bullish
Call-side pressure
Ticker Options Intelligence
XRAY options intelligence
Dentsply Sirona Inc options pressure, expected move, strike concentration, and Sharemaestro trend context.
Conviction
44
Market data through 29 Jul 2026
Checked 30 Jul 2026 02:00 · complete available chain
Call-side pressure
Bullish pressure
XRAY currently carries bullish options pressure with a 44/100 conviction score. The nearest-chain expected move is 17.3%, with volume/open-interest participation at 0.05.
Expected move
17.3%
Wider near-term move priced
Activity / OI
0.05
Current volume is quieter versus prior open interest
Put-call
0.26
Call-side skew
Trend fit
13
Options are not fully confirming trend
Weekly backdrop
-8.0%
RS -2.4
Expected move
17.3%
Put-call volume
0.26
Volume / OI
0.05
Reference IV
0.59
Max pain
12.50
Underlying
12.93
Nearest expiry
21 Aug 2026
Contracts
74
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 are leaning call-side while the stock is down on the week, a divergence that needs price confirmation.
Earnings/event positioning matters because it connects the options headline to the actual evidence: $134109 of estimated gross traded notional, calls · 91+ days · itm, and a bullish flow against weak price backdrop. Use it as a research priority signal, then validate the chart, liquidity, event calendar, and risk before acting.
Options pressure+64
1W price-8.0%
Call premium89%
Put premium11%
Notional split
C 89% / P 11%
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
13/100
Agreement between options pressure and Sharemaestro market context.
Event window
6 Aug
Matched earnings event is 7 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 · 91+ days · ITM
calls cluster with 101 contracts traded, $36615 estimated gross traded notional, and 27% of visible notional.
$36615
Calls · 46-90 days · ITM
calls cluster with 68 contracts traded, $24052 estimated gross traded notional, and 18% of visible notional.
$24052
Calls · 22-45 days · ITM
calls cluster with 107 contracts traded, $20865 estimated gross traded notional, and 16% of visible notional.
$20865
Calls · 91+ days · OTM
calls cluster with 90 contracts traded, $16505 estimated gross traded notional, and 12% of visible notional.
$16505
Calls · 22-45 days · OTM
calls cluster with 216 contracts traded, $10800 estimated gross traded notional, and 8% of visible notional.
$10800
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.
Options positioning is not confirming the underlying trend context.
Activity Anomaly
Above normal
Activity is running above the recent historical baseline.
Volume rank100th
Volume/OI rank100th
IV rank0th
Market Context
Underlying confirmation
Close12.93
1W-8.0%
RS-2.4
Fair value-35.2%
Options pressure64
Speculation28
Volatility81
Trend fit13
Today Versus Normal
Stored-options context
30d avg 13.3% · 1 read
100th
90d avg 13.3% · 1 read
100th
180d avg 13.3% · 1 read
100th
30d avg 0.69 · 1 read
0th
90d avg 0.69 · 1 read
0th
180d avg 0.69 · 1 read
0th
30d avg 0.23 · 1 read
100th
90d avg 0.23 · 1 read
100th
180d avg 0.23 · 1 read
100th
30d avg 0.01 · 1 read
100th
90d avg 0.01 · 1 read
100th
180d avg 0.01 · 1 read
100th
Pressure Trail
Recent pressure and volatility
29 Jul 11:01
Bullish
Pressure 68
Move 13.3%
30 Jul 01:00
Bullish
Pressure 64
Move 17.3%
Strike Map
Where activity is clustering
Strike2.50
Calls · V 0 · OI 10
Puts · V 0 · OI 0
Strike5.00
Calls · V 0 · OI 6
Puts · V 0 · OI 11
Strike7.50
Calls · V 0 · OI 22
Puts · V 0 · OI 275
Strike10.00
Calls · V 0 · OI 25
Puts · V 1 · OI 1116
Strike12.50
Calls · V 107 · OI 866
Puts · V 81 · OI 2803
Strike15.00
Calls · V 216 · OI 458
Puts · V 72 · OI 50
Strike17.50
Calls · V 0 · OI 25
Puts · V 1 · OI 0
Strike20.00
Calls · V 0 · OI 2
Puts · V 0 · OI 0
Term Structure
Expiration activity
Expiry21 Aug 2026
Contracts16
Avg IV0.59
Put-call0.48
Expiry18 Sep 2026
Contracts20
Avg IV0.64
Put-call-
Expiry16 Oct 2026
Contracts20
Avg IV0.61
Put-call0.11
Expiry15 Jan 2027
Contracts18
Avg IV0.50
Put-call0.12
Skew
Call/put IV balance
21 Aug 2026Call IV premium
Call IV0.57
Put IV0.27
Skew-0.30
18 Sep 2026Put IV premium
Call IV0.57
Put IV0.64
Skew0.07
16 Oct 2026Put IV premium
Call IV0.52
Put IV0.67
Skew0.15
15 Jan 2027Put IV premium
Call IV0.45
Put IV0.53
Skew0.08
Contract Tape
Most active contracts
ContractXRAY260821C00015000
SideCall
Expiry21 Aug 2026
Strike15.00
Volume216
OI458
IV0.57
ContractXRAY261016C00017500
SideCall
Expiry16 Oct 2026
Strike17.50
Volume128
OI148
IV0.52
ContractXRAY260821C00012500
SideCall
Expiry21 Aug 2026
Strike12.50
Volume107
OI866
IV0.61
ContractXRAY270115C00015000
SideCall
Expiry15 Jan 2027
Strike15.00
Volume89
OI1702
IV0.54
ContractXRAY260821P00012500
SidePut
Expiry21 Aug 2026
Strike12.50
Volume81
OI2803
IV0.27
ContractXRAY260821P00015000
SidePut
Expiry21 Aug 2026
Strike15.00
Volume72
OI50
IV0.55
ContractXRAY270115C00012500
SideCall
Expiry15 Jan 2027
Strike12.50
Volume71
OI546
IV0.57
ContractXRAY261016C00020000
SideCall
Expiry16 Oct 2026
Strike20.00
Volume50
OI131
IV0.32
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.