Primary read
Volatility
Volatility expansion watch
Ticker Options Intelligence
PLAB options intelligence
Photronics Inc options pressure, expected move, strike concentration, and Sharemaestro trend context.
Conviction
49
Market data through 29 Jul 2026
Checked 30 Jul 2026 02:27 · complete available chain
Volatility expansion watch
Volatility pressure
PLAB currently carries volatility options pressure with a 49/100 conviction score. The nearest-chain expected move is 14.2%, with volume/open-interest participation at 0.03.
Expected move
14.2%
Wider near-term move priced
Activity / OI
0.03
Current volume is quieter versus prior open interest
Put-call
0.05
Call-side skew
Trend fit
0
Options are not fully confirming trend
Weekly backdrop
+5.1%
RS -12.4
Expected move
14.2%
Put-call volume
0.05
Volume / OI
0.03
Reference IV
0.73
Max pain
30.00
Underlying
30.33
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: $117452 of estimated gross traded notional, calls · 46-90 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+90
1W price+5.1%
Call premium80%
Put premium20%
Notional split
C 80% / P 20%
Estimated gross traded notional uses volume × contract multiplier × midpoint, or last price when no valid midpoint is available.
Freshness
0.03
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 · 46-90 days · OTM
calls cluster with 213 contracts traded, $36222 estimated gross traded notional, and 31% of visible notional.
$36222
Puts · 91+ days · ITM
puts cluster with 8 contracts traded, $17960 estimated gross traded notional, and 15% of visible notional.
$17960
Calls · 91+ days · ITM
calls cluster with 20 contracts traded, $14800 estimated gross traded notional, and 13% of visible notional.
$14800
Calls · 22-45 days · ATM
calls cluster with 99 contracts traded, $12870 estimated gross traded notional, and 11% of visible notional.
$12870
Calls · 22-45 days · OTM
calls cluster with 403 contracts traded, $11128 estimated gross traded notional, and 9% of visible notional.
$11128
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
Normal range
Activity is broadly in line with recent stored snapshots.
Volume rank0th
Volume/OI rank0th
IV rank100th
Market Context
Underlying confirmation
Close30.33
1W+5.1%
RS-12.4
Fair value+14.4%
Options pressure90
Speculation9
Volatility91
Trend fit0
Today Versus Normal
Stored-options context
30d avg 14.1% · 1 read
100th
90d avg 14.1% · 1 read
100th
180d avg 14.1% · 1 read
100th
30d avg 0.65 · 1 read
100th
90d avg 0.65 · 1 read
100th
180d avg 0.65 · 1 read
100th
30d avg 0.31 · 1 read
0th
90d avg 0.31 · 1 read
0th
180d avg 0.31 · 1 read
0th
30d avg 0.05 · 1 read
0th
90d avg 0.05 · 1 read
0th
180d avg 0.05 · 1 read
0th
Pressure Trail
Recent pressure and volatility
29 Jul 11:01
Bullish
Pressure 53
Move 14.1%
30 Jul 01:27
Volatility
Pressure 90
Move 14.2%
Strike Map
Where activity is clustering
Strike17.50
Calls · V 0 · OI 0
Puts · V 0 · OI 1
Strike20.00
Calls · V 0 · OI 15
Puts · V 1 · OI 23
Strike22.50
Calls · V 0 · OI 1
Puts · V 4 · OI 174
Strike25.00
Calls · V 3 · OI 28
Puts · V 3 · OI 453
Strike30.00
Calls · V 99 · OI 537
Puts · V 0 · OI 574
Strike35.00
Calls · V 3 · OI 1699
Puts · V 1 · OI 108
Strike40.00
Calls · V 400 · OI 1116
Puts · V 0 · OI 11
Strike45.00
Calls · V 0 · OI 92
Puts · V 0 · OI 3
Term Structure
Expiration activity
Expiry21 Aug 2026
Contracts16
Avg IV0.73
Put-call0.02
Expiry18 Sep 2026
Contracts30
Avg IV0.88
Put-call0.07
Expiry18 Dec 2026
Contracts30
Avg IV0.81
Put-call0.20
Expiry19 Mar 2027
Contracts16
Avg IV0.79
Put-call0.50
Skew
Call/put IV balance
21 Aug 2026Call IV premium
Call IV0.81
Put IV0.71
Skew-0.10
18 Sep 2026Call IV premium
Call IV0.90
Put IV0.81
Skew-0.09
18 Dec 2026Balanced skew
Call IV0.82
Put IV0.79
Skew-0.04
19 Mar 2027Balanced skew
Call IV0.81
Put IV0.77
Skew-0.05
Contract Tape
Most active contracts
ContractPLAB260821C00040000
SideCall
Expiry21 Aug 2026
Strike40.00
Volume400
OI1116
IV0.99
ContractPLAB260918C00035000
SideCall
Expiry18 Sep 2026
Strike35.00
Volume209
OI1005
IV0.93
ContractPLAB260821C00030000
SideCall
Expiry21 Aug 2026
Strike30.00
Volume99
OI537
IV0.75
ContractPLAB261218C00025000
SideCall
Expiry18 Dec 2026
Strike25.00
Volume20
OI282
IV0.86
ContractPLAB270319C00030000
SideCall
Expiry19 Mar 2027
Strike30.00
Volume14
OI16
IV0.83
ContractPLAB260918P00022500
SidePut
Expiry18 Sep 2026
Strike22.50
Volume13
OI487
IV0.84
ContractPLAB270319P00020000
SidePut
Expiry19 Mar 2027
Strike20.00
Volume10
OI-
IV0.78
ContractPLAB261218P00050000
SidePut
Expiry18 Dec 2026
Strike50.00
Volume8
OI18
IV0.79
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.