Primary read
Volatility
Volatility expansion watch
Ticker Options Intelligence
SAIL options intelligence
SailPoint, Inc. Common Stock options pressure, expected move, strike concentration, and Sharemaestro trend context.
Conviction
51
Market data through 29 Jul 2026
Checked 30 Jul 2026 09:44 · complete available chain
Volatility expansion watch
Volatility pressure
SAIL currently carries volatility options pressure with a 51/100 conviction score. The nearest-chain expected move is 13.2%, with volume/open-interest participation at 0.06.
Expected move
13.2%
Wider near-term move priced
Activity / OI
0.06
Current volume is quieter versus prior open interest
Put-call
0.14
Call-side skew
Trend fit
0
Options are not fully confirming trend
Weekly backdrop
-4.7%
RS -21.9
Expected move
13.2%
Put-call volume
0.14
Volume / OI
0.06
Reference IV
0.71
Max pain
15.00
Underlying
14.95
Nearest expiry
21 Aug 2026
Contracts
92
Options Intent Radar
Volatility expansion bet
The strongest message is movement risk: expected move and implied volatility are carrying more signal than direction.
Options are pricing movement more than direction; compare expected move with the stock's actual weekly change.
Volatility expansion bet matters because it connects the options headline to the actual evidence: $249132 of estimated gross traded notional, calls · 91+ days · itm, 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+81
1W price-4.7%
Call premium97%
Put premium3%
Notional split
C 97% / P 3%
Estimated gross traded notional uses volume × contract multiplier × midpoint, or last price when no valid midpoint is available.
Freshness
0.06
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.
Calls · 91+ days · ITM
calls cluster with 470 contracts traded, $221000 estimated gross traded notional, and 89% of visible notional.
$221000
Puts · 46-90 days · ATM
puts cluster with 44 contracts traded, $5940 estimated gross traded notional, and 2% of visible notional.
$5940
Calls · 46-90 days · OTM
calls cluster with 50 contracts traded, $4750 estimated gross traded notional, and 2% of visible notional.
$4750
Calls · 46-90 days · ATM
calls cluster with 18 contracts traded, $4635 estimated gross traded notional, and 2% of visible notional.
$4635
Calls · 91+ days · OTM
calls cluster with 49 contracts traded, $4275 estimated gross traded notional, and 2% of visible notional.
$4275
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.
Underlying price is close to the max-pain zone.
Activity Anomaly
High anomaly
Current options activity is unusually hot versus this ticker's stored history.
Volume rank100th
Volume/OI rank100th
IV rank100th
Market Context
Underlying confirmation
Close14.95
1W-4.7%
RS-21.9
Fair value-18.0%
Options pressure81
Speculation36
Volatility90
Trend fit0
Today Versus Normal
Stored-options context
30d avg 14.2% · 1 read
0th
90d avg 14.2% · 1 read
0th
180d avg 14.2% · 1 read
0th
30d avg 0.63 · 1 read
100th
90d avg 0.63 · 1 read
100th
180d avg 0.63 · 1 read
100th
30d avg 0.27 · 1 read
0th
90d avg 0.27 · 1 read
0th
180d avg 0.27 · 1 read
0th
30d avg 0.02 · 1 read
100th
90d avg 0.02 · 1 read
100th
180d avg 0.02 · 1 read
100th
Pressure Trail
Recent pressure and volatility
29 Jul 10:27
Bullish
Pressure 63
Move 14.2%
30 Jul 08:44
Volatility
Pressure 81
Move 13.2%
Strike Map
Where activity is clustering
Strike2.50
Calls · V 0 · OI 4
Puts · V 0 · OI 0
Strike5.00
Calls · V 0 · OI 3
Puts · V 0 · OI 0
Strike7.50
Calls · V 0 · OI 2
Puts · V 0 · OI 0
Strike10.00
Calls · V 0 · OI 1
Puts · V 4 · OI 68
Strike12.50
Calls · V 5 · OI 17
Puts · V 16 · OI 174
Strike15.00
Calls · V 0 · OI 185
Puts · V 0 · OI 60
Strike17.50
Calls · V 39 · OI 457
Puts · V 2 · OI 11
Strike20.00
Calls · V 7 · OI 170
Puts · V 0 · OI 3
Term Structure
Expiration activity
Expiry21 Aug 2026
Contracts22
Avg IV0.71
Put-call0.42
Expiry18 Sep 2026
Contracts24
Avg IV0.80
Put-call0.94
Expiry18 Dec 2026
Contracts24
Avg IV0.74
Put-call0.01
Expiry19 Mar 2027
Contracts22
Avg IV0.81
Put-call-
Skew
Call/put IV balance
21 Aug 2026Call IV premium
Call IV0.63
Put IV0.45
Skew-0.18
18 Sep 2026Put IV premium
Call IV0.69
Put IV0.87
Skew0.19
18 Dec 2026Balanced skew
Call IV0.71
Put IV0.71
Skew-
19 Mar 2027Put IV premium
Call IV0.80
Put IV0.87
Skew0.08
Contract Tape
Most active contracts
ContractSAIL261218C00012500
SideCall
Expiry18 Dec 2026
Strike12.50
Volume469
OI107
IV0.73
ContractSAIL260918P00015000
SidePut
Expiry18 Sep 2026
Strike15.00
Volume44
OI315
IV0.79
ContractSAIL260821C00017500
SideCall
Expiry21 Aug 2026
Strike17.50
Volume39
OI457
IV0.63
ContractSAIL260918C00017500
SideCall
Expiry18 Sep 2026
Strike17.50
Volume35
OI1296
IV0.74
ContractSAIL261218C00025000
SideCall
Expiry18 Dec 2026
Strike25.00
Volume34
OI244
IV0.71
ContractSAIL260918P00007500
SidePut
Expiry18 Sep 2026
Strike7.50
Volume20
OI436
IV0.85
ContractSAIL260918C00015000
SideCall
Expiry18 Sep 2026
Strike15.00
Volume18
OI1127
IV0.90
ContractSAIL260821P00012500
SidePut
Expiry21 Aug 2026
Strike12.50
Volume16
OI174
IV0.45
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.