Primary read
Bullish
Call-side pressure
Ticker Options Intelligence
ADSK options intelligence
Autodesk Inc options pressure, expected move, strike concentration, and Sharemaestro trend context.
Conviction
35
Market data through 6 Aug 2026
Checked 7 Aug 2026 11:22 · complete available chain
Call-side pressure
Bullish pressure
ADSK currently carries bullish options pressure with a 35/100 conviction score. The nearest-chain expected move is 3.9%, with volume/open-interest participation at 0.04.
Expected move
3.9%
Near-term move context
Activity / OI
0.04
Current volume is quieter versus prior open interest
Put-call
0.64
Call-side skew
Trend fit
45
Options are not fully confirming trend
Weekly backdrop
+6.4%
RS -18.0
Expected move
3.9%
Put-call volume
0.64
Volume / OI
0.04
Reference IV
0.45
Max pain
235.00
Underlying
234.20
Nearest expiry
7 Aug 2026
Contracts
1314
Research Brief
ADSK has a bullish chain read with 35/100 evidence alignment.
The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 225.10–243.30; The largest call open-interest concentration is 245.00; the largest put concentration is 200.00. The most active strike by current volume is 200.00.
Priced range225.10–243.30
Call concentration245.00
Put concentration200.00
Max pain reference235.00
- 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.
Priced Move
Where the chain says movement becomes exceptional
Options imply 225.10 to 243.30. Max pain at 235.00 sits inside that range, 0.3% above spot.
Spot
Max pain
225.10234.20 ± 9.10243.30
Confirmation level
A close beyond 243.30 or below 225.10 at the 7 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 35/100
Pressure is 23/100 toward calls; conviction uses its strength, while the signal label carries its direction.
Directional pressure23 × 42%
+9.8
How strongly activity leans toward calls or puts.
Participation41 × 22%
+9.0
Volume relative to existing open interest and contract-level activity.
Trend agreement45 × 26%
+11.8
How closely the chain read agrees with the underlying trend backdrop.
Volatility47 × 10%
+4.7
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 245.00; the largest put concentration is 200.00. The most active strike by current volume is 200.00. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.
Put open interestStrikeCall open interest
151
197.50-15.7%
0
684
200.00-14.6%
1
97
202.50-13.5%
13
148
205.00-12.5%
14
67
220.00-6.1%
71
67
225.00-3.9%
13
247
227.50-2.9%
13
90
230.00-1.8%
58
67
235.000.3%
85
248
237.501.4%
143
19
240.002.5%
200
0
242.503.5%
145
15
245.004.6%
971
0
247.505.7%
104
0
255.008.9%
225
1
260.0011.0%
105
0
267.5014.2%
130
Nearest spot strike Max pain strikeBars show relative OI within this expiry
Gamma Profile by Strike
Positive gamma proxy
Call-side gamma sensitivity outweighs the put-side proxy across the retained chain. The largest bars mark levels where delta-hedging sensitivity may be most concentrated.
Net profile+$5.5MDelta change / 1% move
Positive peak245.00+$1.9M
Negative peak237.50-$363,735
Nearest balance233.94Interpolated sign change
StrikeNegativePositiveNet / 1% move
210.00-10.3%
-$62,415
212.50-9.3%
-$383
215.00-8.2%
+$5,951
217.50-7.1%
-$6,026
220.00-6.1%
-$110,311
222.50-5.0%
-$11,098
225.00-3.9%
-$12,879
227.50-2.9%
+$56,277
230.00-1.8%
+$2,276
232.50-0.7%
-$51,511
235.000.3%
+$38,126
237.501.4%
-$363,735
240.002.5%
+$441,711
242.503.5%
+$758,764
245.004.6%
+$1.9M
247.505.7%
+$167,699
250.006.7%
+$530,197
252.507.8%
+$8,148
255.008.9%
+$86,028
257.509.9%
+$159,383
260.0011.0%
+$377,274
Positive call-side proxy Negative put-side proxyHighlighted row is nearest spot strike
Scenario proxy = gamma × open interest × 100 shares × spot² × 1%. Calls are positive and puts negative by convention. Missing Greeks use a Black-Scholes estimate from stored IV with zero rate and dividend assumptions. Open interest does not reveal who is long or short, so this is not observed dealer positioning or a forecast.
Volatility Curve
Balanced volatility curve
Near- and longer-dated implied volatility are broadly aligned; no exceptional front-expiry premium is visible.
0.45
7 Aug
1d
0.42
14 Aug
8d
0.45
21 Aug
15d
0.62
28 Aug
22d
0.59
4 Sep
29d
0.57
11 Sep
36d
0.55
18 Sep
43d
0.53
25 Sep
50d
Volatility by Strike
Downside protection premium
Out-of-the-money puts carry higher implied volatility than comparable calls, indicating richer downside protection.
188
193
198
203
205
210
215
220
225
230
233
238
243
248
253
258
263
265
270
275
280
Put IV Call IV
Historical Replay
How matured reads behaved through expiry
Across 2 stored directional transitions, the next stored price moved in the labelled direction 100% of the time.
Directional follow-through100%
Moves contained by pricing0%
Average expiry move7.2%
6 Aug
Bullish · 35
6.4% through expiry
3.9% priced · v2.0
5 Aug
Bullish · 38
6.4% through expiry
4.2% priced · v2.0
4 Aug
Mixed · 31
6.4% through expiry
3.2% priced · v2.0
3 Aug
Mixed · 43
6.4% through expiry
4.7% priced · v2.0
31 Jul
Mixed · 38
6.4% through expiry
5.2% priced · v2.0
30 Jul
Mixed · 36
11.7% through expiry
4.2% priced · v2.0
Eligible snapshots must have a dated market session, stored signal, and point-in-time market reference. Each observation uses one read per market session and the first stored weekly close on or immediately after expiry; its original calculation version is retained. It is an evidence audit, not an executable strategy or evidence of future performance.
Evidence Quality
Usable with limits
Retained chain100%
Implied volatility100%
Two-sided quotes100%
Open interest100%
- Chain status
- Complete available chain
- Market date
- 6 Aug 2026
- Calculation
- v2.0
- Contracts
- 1314 / 1314
- 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
Short-dated OTM call concentration
Call activity is concentrated in upside and shorter-dated contracts; trade direction remains unconfirmed without aggressor data.
Options pressure and weekly price action are pointing in the same constructive direction.
Short-dated OTM call concentration matters because it connects the options headline to the actual evidence: $3.1M of estimated gross traded notional, calls · 91+ 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+23
1W price+6.4%
Call premium94%
Put premium6%
Notional split
C 94% / P 6%
Estimated gross traded notional uses volume × contract multiplier × midpoint, or last price when no valid midpoint is available.
Freshness
0.04
Volume divided by open interest across the visible chain.
Trend fit
45/100
Agreement between options pressure and Sharemaestro market context.
Event window
27 Aug
Matched earnings event is 19 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 · OTM
calls cluster with 786 contracts traded, $2.4M estimated gross traded notional, and 78% of visible notional.
$2.4M
Calls · 8-21 days · ATM
calls cluster with 138 contracts traded, $187,970 estimated gross traded notional, and 6% of visible notional.
$187,970
Calls · 22-45 days · ATM
calls cluster with 25 contracts traded, $52,000 estimated gross traded notional, and 2% of visible notional.
$52,000
Calls · 8-21 days · OTM
calls cluster with 83 contracts traded, $51,000 estimated gross traded notional, and 2% of visible notional.
$51,000
Calls · 8-21 days · ITM
calls cluster with 20 contracts traded, $40,920 estimated gross traded notional, and 1% of visible notional.
$40,920
Setup Classification
Opportunity and risk frame
Expected move or upcoming earnings makes the setup more event-sensitive.
Underlying price is close to the max-pain zone.
Activity Anomaly
Warming up
7 of 10 completed market sessions are available. More session history is needed before activity can be compared with a reliable normal.
Baseline: 7 completed sessions
Volume rank-
Volume/OI rank-
IV rank-
Market Context
Underlying confirmation
Close249.08
1W+6.4%
RS-18.0
Fair value-4.0%
Options pressure23
Speculation41
Volatility47
Trend fit45
Today Versus Normal
Stored-options context
30d avg - · 7/10 sessions
-
90d avg - · 7/30 sessions
-
180d avg - · 7/60 sessions
-
30d avg - · 7/10 sessions
-
90d avg - · 7/30 sessions
-
180d avg - · 7/60 sessions
-
30d avg - · 7/10 sessions
-
90d avg - · 7/30 sessions
-
180d avg - · 7/60 sessions
-
30d avg - · 7/10 sessions
-
90d avg - · 7/30 sessions
-
180d avg - · 7/60 sessions
-
Pressure Trail
Recent pressure and volatility
29 Jul 10:10
Bullish
Pressure 45
Move 13.8%
30 Jul 10:05
Mixed
Pressure -3
Move 6.1%
31 Jul 11:44
Mixed
Pressure -5
Move 4.2%
31 Jul 13:35
Bullish
Pressure 19
Move 12.9%
31 Jul 13:52
Bullish
Pressure 19
Move 9.4%
31 Jul 14:49
Mixed
Pressure 11
Move 9.7%
31 Jul 16:12
Mixed
Pressure 14
Move 10.4%
31 Jul 17:34
Mixed
Pressure 11
Move 11.3%
Strike Map
Where activity is clustering
Strike125.00
Calls · V 0 · OI 0
Puts · V 0 · OI 6
Strike130.00
Calls · V 0 · OI 0
Puts · V 0 · OI 4
Strike135.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike140.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike145.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike150.00
Calls · V 0 · OI 0
Puts · V 0 · OI 11
Strike155.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike160.00
Calls · V 0 · OI 1
Puts · V 0 · OI 10
Term Structure
Expiration activity
Expiry7 Aug 2026
Contracts128
Avg IV0.45
Put-call11.03
Expiry14 Aug 2026
Contracts132
Avg IV0.42
Put-call3.68
Expiry21 Aug 2026
Contracts112
Avg IV0.45
Put-call0.56
Expiry28 Aug 2026
Contracts80
Avg IV0.62
Put-call0.33
Expiry4 Sep 2026
Contracts80
Avg IV0.59
Put-call1.60
Skew
Call/put IV balance
7 Aug 2026Put IV premium
Call IV0.09
Put IV0.33
Skew0.23
14 Aug 2026Put IV premium
Call IV0.49
Put IV0.81
Skew0.32
21 Aug 2026Put IV premium
Call IV0.41
Put IV0.59
Skew0.19
28 Aug 2026Put IV premium
Call IV0.58
Put IV0.64
Skew0.06
4 Sep 2026Balanced skew
Call IV0.58
Put IV0.58
Skew-
Contract Tape
Most active contracts
ContractADSK280121C00290000
SideCall
Expiry21 Jan 2028
Strike290.00
Volume450
OI26
IV0.47
ContractADSK261218C00310000
SideCall
Expiry18 Dec 2026
Strike310.00
Volume274
OI28
IV0.46
ContractADSK260807P00200000
SidePut
Expiry7 Aug 2026
Strike200.00
Volume173
OI684
IV1.29
ContractADSK260807P00235000
SidePut
Expiry7 Aug 2026
Strike235.00
Volume132
OI67
IV0.26
ContractADSK260814P00217500
SidePut
Expiry14 Aug 2026
Strike217.50
Volume93
OI-
IV0.28
ContractADSK260821P00225000
SidePut
Expiry21 Aug 2026
Strike225.00
Volume69
OI10
IV0.59
ContractADSK260821C00235000
SideCall
Expiry21 Aug 2026
Strike235.00
Volume52
OI45
IV0.44
ContractADSK260821C00247500
SideCall
Expiry21 Aug 2026
Strike247.50
Volume42
OI81
IV0.40
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.