Ticker Options Intelligence

DRH options intelligence

Diamondrock Hospitality Company Common Stock options pressure, expected move, strike concentration, and Sharemaestro trend context.

Conviction 58 Market data through 30 Jul 2026 Checked 30 Jul 2026 16:37 · complete available chain

Volatility expansion watch

Volatility pressure

DRH currently carries volatility options pressure with a 58/100 conviction score. The nearest-chain expected move is 4.7%, with volume/open-interest participation at 0.41.

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

Volatility expansion watch

Expected move 4.7%

Near-term move context

Activity / OI 0.41

Current volume is quieter versus prior open interest

Put-call 0.15

Call-side skew

Trend fit 20

Options are not fully confirming trend

Weekly backdrop +3.0%

RS 27.5

Expected move 4.7%
Put-call volume 0.15
Volume / OI 0.41
Reference IV 2.37
Max pain 5.00
Underlying 12.85
Nearest expiry 21 Aug 2026
Contracts 24

Research Brief

DRH has a volatility chain read with 58/100 evidence alignment.

The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 12.25–13.45; The largest call open-interest concentration is 10.00; the largest put concentration is 12.50. The most active strike by current volume is 5.00.

Priced range12.25–13.45
Call concentration10.00
Put concentration12.50
Max pain reference5.00
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.
  • Front-expiry volatility is rich, so the signal may be event-driven and vulnerable to volatility compression.

Priced Move

Where the chain says movement becomes exceptional

Size, not direction · through 21 Aug

Options imply 12.25 to 13.45. Max pain at 5.00 lies outside the priced range, so it is a weak near-term anchor.

Spot Max pain
12.2512.85 ± 0.6013.45
Confirmation level

A close beyond 13.45 or below 12.25 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 58/100

Evidence alignment, not probability

Pressure is 82/100 toward calls; conviction uses its strength, while the signal label carries its direction.

Directional pressure82 × 42%
+34.5

How strongly activity leans toward calls or puts.

Participation50 × 22%
+10.9

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

Trend agreement20 × 26%
+5.1

How closely the chain read agrees with the underlying trend backdrop.

Volatility75 × 10%
+7.5

The intensity of implied volatility and the priced move.

Reconstructed score58.0Matches stored calculation

Positioning by Strike

Where open interest and current activity concentrate

Full strike map

The largest call open-interest concentration is 10.00; the largest put concentration is 12.50. The most active strike by current volume is 5.00. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.

Put open interestStrikeCall open interest
0
2.50-80.5%
0
0
5.00-61.1%
3
0
7.50-41.6%
0
0
10.00-22.2%
6
3
12.50-2.7%
2
0
15.0016.7%
2
Nearest spot strike Max pain strikeBars show relative OI within this expiry

Volatility Curve

Front-loaded volatility

1.47× front/back

Near-term options are materially richer than later expirations, consistent with concentrated event or immediate-risk pricing.

2.37 21 Aug 22d
0.92 18 Sep 50d
0.98 18 Dec 141d
1.61 19 Mar 232d

Volatility by Strike

Smile incomplete

Nearest expiry, within 20% of spot

There is not enough comparable OTM call and put volatility to classify the smile.

13
15
Put IV Call IV

Historical Replay

How matured reads behaved through expiry

0 directional observations

No independently verifiable option-expiry outcomes have matured yet. Legacy snapshots without a point-in-time market reference and repeated same-session snapshots are deliberately excluded.

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

Usable with limits

C69/100
Retained chain100%
Implied volatility100%
Two-sided quotes100%
Open interest100%
Chain status
Complete available chain
Market date
30 Jul 2026
Calculation
v1.x legacy
Contracts
24 / 24
  • 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

Earnings/event positioning

79/100
Primary intent Earnings/event positioning

Options activity is concentrated around a live event window, so the cleanest read is event positioning rather than pure 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

Earnings/event positioning matters because it connects the options headline to the actual evidence: $30524 of estimated gross traded notional, calls · 22-45 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+82
1W price+3.0%
Call premium99%
Put premium1%
Notional split C 99% / P 1% Estimated gross traded notional uses volume × contract multiplier × midpoint, or last price when no valid midpoint is available.
Freshness 0.41 Volume divided by open interest across the visible chain.
Trend fit 20/100 Agreement between options pressure and Sharemaestro market context.
Event window 6 Aug Matched earnings event is 5 days away.
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 · 22-45 days · ITM
Calls · 22-45 days · ITM calls cluster with 25 contracts traded, $18145 estimated gross traded notional, and 59% of visible notional.
$18145
Calls · 91+ days · ITM calls cluster with 8 contracts traded, $6670 estimated gross traded notional, and 22% of visible notional.
$6670
Calls · 46-90 days · ITM calls cluster with 9 contracts traded, $4802 estimated gross traded notional, and 16% of visible notional.
$4802
Calls · 46-90 days · OTM calls cluster with 26 contracts traded, $406 estimated gross traded notional, and 1% of visible notional.
$406
Puts · 46-90 days · OTM puts cluster with 8 contracts traded, $380 estimated gross traded notional, and 1% of visible notional.
$380

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
Close13.24
1W+3.0%
RS27.5
Fair value+56.8%
Options pressure82
Speculation50
Volatility75
Trend fit20

Today Versus Normal

Stored-options context

View history
Expected move 4.7% history building
30d avg - · 2/10 sessions -
90d avg - · 2/30 sessions -
180d avg - · 2/60 sessions -
IV 2.37 history building
30d avg - · 2/10 sessions -
90d avg - · 2/30 sessions -
180d avg - · 2/60 sessions -
Put-call 0.15 history building
30d avg - · 2/10 sessions -
90d avg - · 2/30 sessions -
180d avg - · 2/60 sessions -
Volume/OI 0.41 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 10:58 Volatility
Pressure 100
Move 15.0%
30 Jul 10:48 Volatility
Pressure -62
Move 11.9%
30 Jul 15:22 Volatility
Pressure 82
Move 4.7%
30 Jul 15:37 Volatility
Pressure 82
Move 4.7%

Strike Map

Where activity is clustering

Full strike map
Strike2.50
Calls · V 1 · OI 0
Puts · V 0 · OI 0
Strike5.00
Calls · V 18 · OI 3
Puts · V 0 · OI 0
Strike7.50
Calls · V 2 · OI 0
Puts · V 0 · OI 0
Strike10.00
Calls · V 2 · OI 6
Puts · V 0 · OI 0
Strike12.50
Calls · V 2 · OI 2
Puts · V 3 · OI 3
Strike15.00
Calls · V 2 · OI 2
Puts · V 0 · OI 0

Term Structure

Expiration activity

Volume and IV
Expiry21 Aug 2026
Contracts7
Avg IV2.37
Put-call0.11
Expiry18 Sep 2026
Contracts10
Avg IV0.92
Put-call0.23
Expiry18 Dec 2026
Contracts6
Avg IV0.98
Put-call-
Expiry19 Mar 2027
Contracts1
Avg IV1.61
Put-call-

Skew

Call/put IV balance

OTM demand
21 Aug 2026Call IV premium
Call IV1.56
Put IV0.50
Skew-1.06
18 Sep 2026Put IV premium
Call IV0.13
Put IV0.42
Skew0.29
18 Dec 2026Call IV premium
Call IV0.71
Put IV0.56
Skew-0.15
19 Mar 2027Incomplete skew
Call IV-
Put IV-
Skew-

Contract Tape

Most active contracts

Full contract tape
ContractDRH261218C00010000
SideCall
Expiry18 Dec 2026
Strike10.00
Volume-
OI20
IV0.60
ContractDRH261218P00012500
SidePut
Expiry18 Dec 2026
Strike12.50
Volume-
OI1
IV0.56
ContractDRH260918P00002500
SidePut
Expiry18 Sep 2026
Strike2.50
Volume-
OI-
IV0.50
ContractDRH260918P00020000
SidePut
Expiry18 Sep 2026
Strike20.00
Volume-
OI-
IV2.23
ContractDRH260821C00005000
SideCall
Expiry21 Aug 2026
Strike5.00
Volume18
OI3
IV3.91
ContractDRH260918C00015000
SideCall
Expiry18 Sep 2026
Strike15.00
Volume16
OI-
IV0.13
ContractDRH260918C00017500
SideCall
Expiry18 Sep 2026
Strike17.50
Volume10
OI-
IV0.25
ContractDRH260918P00012500
SidePut
Expiry18 Sep 2026
Strike12.50
Volume8
OI35
IV0.42