Primary read
Bearish
Put-side pressure
Ticker Options Intelligence
EQIX options intelligence
Equinix Inc options pressure, expected move, strike concentration, and Sharemaestro trend context.
Conviction
58
Market data through 31 Jul 2026
Checked 1 Aug 2026 12:54 · complete available chain
Put-side pressure
Bearish pressure
EQIX currently carries bearish options pressure with a 58/100 conviction score. The nearest-chain expected move is 6.0%, with volume/open-interest participation at 0.20.
Expected move
6.0%
Near-term move context
Activity / OI
0.20
Current volume is quieter versus prior open interest
Put-call
21.88
Put-side skew
Trend fit
8
Options are not fully confirming trend
Weekly backdrop
-6.0%
RS 4.4
Expected move
6.0%
Put-call volume
21.88
Volume / OI
0.20
Reference IV
0.31
Max pain
1030.00
Underlying
1019.28
Nearest expiry
21 Aug 2026
Contracts
1340
Research Brief
EQIX has a bearish 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 958.38–1080.18; The largest call open-interest concentration is 1090.00; the largest put concentration is 1000.00. The most active strike by current volume is 1000.00.
Priced range958.38–1080.18
Call concentration1090.00
Put concentration1000.00
Max pain reference1030.00
- Price remains weak while put-side concentration persists.
- Price recovers while put pressure fades or reverses toward calls.
- Options and the weekly trend are not yet giving the same message.
Priced Move
Where the chain says movement becomes exceptional
Options imply 958.38 to 1080.18. Max pain at 1030.00 sits inside that range, 1.1% above spot.
Spot
Max pain
958.381019.28 ± 60.901080.18
Confirmation level
A close beyond 1080.18 or below 958.38 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
Pressure is 100/100 toward puts; conviction uses its strength, while the signal label carries its direction.
Directional pressure100 × 42%
+42.0
How strongly activity leans toward calls or puts.
Participation45 × 22%
+9.8
Volume relative to existing open interest and contract-level activity.
Trend agreement8 × 26%
+2.0
How closely the chain read agrees with the underlying trend backdrop.
Volatility46 × 10%
+4.6
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 1090.00; the largest put concentration is 1000.00. The most active strike by current volume is 1000.00. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.
Put open interestStrikeCall open interest
257
800.00-21.5%
1
100
910.00-10.7%
50
105
940.00-7.8%
1
107
950.00-6.8%
13
2447
970.00-4.8%
0
6022
1000.00-1.9%
42
148
1010.00-0.9%
33
74
1020.000.1%
85
101
1030.001.1%
118
165
1040.002.0%
19
22
1050.003.0%
90
45
1060.004.0%
136
6
1080.006.0%
105
17
1090.006.9%
141
9
1110.008.9%
105
4
1120.009.9%
61
1
1130.0010.9%
111
Nearest spot strike Max pain strikeBars show relative OI within this expiry
Volatility Curve
Balanced volatility curve
Near- and longer-dated implied volatility are broadly aligned; no exceptional front-expiry premium is visible.
0.31
21 Aug
21d
0.30
18 Sep
49d
0.30
16 Oct
77d
0.33
20 Nov
112d
0.32
18 Dec
140d
0.32
19 Mar
231d
0.32
17 Jun
321d
Volatility by Strike
Balanced wings
Comparable upside calls and downside puts carry broadly similar implied volatility.
820
840
860
880
900
920
940
960
980
1000
1020
1040
1060
1080
1100
1120
1140
1160
1180
1200
1220
Put IV Call IV
Historical Replay
How matured reads behaved through expiry
Forward validation is building. The earliest eligible stored read expires 21 Aug 2026; its result will appear after the matched closing reference is stored.
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
High
Retained chain100%
Implied volatility100%
Two-sided quotes100%
Open interest100%
- Chain status
- Complete available chain
- Market date
- 31 Jul 2026
- Calculation
- v2.0
- Contracts
- 1340 / 1340
- 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
Put-heavy activity
Put-side activity dominates. This can reflect hedging or directional positioning, but the chain alone cannot distinguish buying from selling.
Options pressure and weekly price action are both cautionary.
Put-heavy activity matters because it connects the options headline to the actual evidence: $14.3M of estimated gross traded notional, puts · 8-21 days · atm, and a bearish flow confirms price backdrop. Use it as a research priority signal, then validate the chart, liquidity, event calendar, and risk before acting.
Options pressure-100
1W price-6.0%
Call premium14%
Put premium86%
Notional split
C 14% / P 86%
Estimated gross traded notional uses volume × contract multiplier × midpoint, or last price when no valid midpoint is available.
Freshness
0.20
Volume divided by open interest across the visible chain.
Trend fit
8/100
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.
Puts · 8-21 days · ATM
puts cluster with 3066 contracts traded, $6.7M estimated gross traded notional, and 47% of visible notional.
$6.7M
Puts · 91+ days · ATM
puts cluster with 501 contracts traded, $3.1M estimated gross traded notional, and 21% of visible notional.
$3.1M
Puts · 8-21 days · OTM
puts cluster with 1280 contracts traded, $1.6M estimated gross traded notional, and 11% of visible notional.
$1.6M
Calls · 91+ days · ITM
calls cluster with 37 contracts traded, $1.4M estimated gross traded notional, and 10% of visible notional.
$1.4M
Puts · 46-90 days · OTM
puts cluster with 193 contracts traded, $453550 estimated gross traded notional, and 3% of visible notional.
$453550
Setup Classification
Opportunity and risk frame
Options positioning is not confirming the underlying trend context.
Underlying price is close to the max-pain zone.
Activity Anomaly
Warming up
3 of 10 completed market sessions are available. More session history is needed before activity can be compared with a reliable normal.
Baseline: 3 completed sessions
Volume rank-
Volume/OI rank-
IV rank-
Market Context
Underlying confirmation
Close1019.28
1W-6.0%
RS4.4
Fair value+22.8%
Options pressure-100
Speculation45
Volatility46
Trend fit8
Today Versus Normal
Stored-options context
30d avg - · 3/10 sessions
-
90d avg - · 3/30 sessions
-
180d avg - · 3/60 sessions
-
30d avg - · 3/10 sessions
-
90d avg - · 3/30 sessions
-
180d avg - · 3/60 sessions
-
30d avg - · 3/10 sessions
-
90d avg - · 3/30 sessions
-
180d avg - · 3/60 sessions
-
30d avg - · 3/10 sessions
-
90d avg - · 3/30 sessions
-
180d avg - · 3/60 sessions
-
Pressure Trail
Recent pressure and volatility
29 Jul 10:02
Bearish
Pressure -19
Move 9.2%
30 Jul 06:13
Volatility
Pressure -36
Move 10.4%
31 Jul 03:10
Bearish
Pressure -67
Move 6.8%
31 Jul 11:08
Bearish
Pressure -99
Move 6.8%
31 Jul 18:29
Bearish
Pressure -68
Move 7.0%
1 Aug 02:02
Bearish
Pressure -100
Move 7.4%
1 Aug 11:54
Bearish
Pressure -100
Move 6.0%
Strike Map
Where activity is clustering
Strike700.00
Calls · V 0 · OI 0
Puts · V 0 · OI 11
Strike710.00
Calls · V 0 · OI 0
Puts · V 0 · OI 2
Strike720.00
Calls · V 0 · OI 4
Puts · V 0 · OI 1
Strike730.00
Calls · V 0 · OI 0
Puts · V 0 · OI 1
Strike740.00
Calls · V 0 · OI 2
Puts · V 0 · OI 2
Strike750.00
Calls · V 0 · OI 2
Puts · V 0 · OI 36
Strike760.00
Calls · V 0 · OI 0
Puts · V 0 · OI 23
Strike770.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Term Structure
Expiration activity
Expiry21 Aug 2026
Contracts178
Avg IV0.31
Put-call56.44
Expiry18 Sep 2026
Contracts204
Avg IV0.30
Put-call1.04
Expiry16 Oct 2026
Contracts208
Avg IV0.30
Put-call40.00
Expiry20 Nov 2026
Contracts208
Avg IV0.33
Put-call87.00
Expiry18 Dec 2026
Contracts188
Avg IV0.32
Put-call10.00
Skew
Call/put IV balance
21 Aug 2026Balanced skew
Call IV0.29
Put IV0.34
Skew0.05
18 Sep 2026Balanced skew
Call IV0.28
Put IV0.33
Skew0.05
16 Oct 2026Balanced skew
Call IV0.29
Put IV0.33
Skew0.04
20 Nov 2026Balanced skew
Call IV0.31
Put IV0.36
Skew0.05
18 Dec 2026Balanced skew
Call IV0.30
Put IV0.35
Skew0.05
Contract Tape
Most active contracts
ContractEQIX260821P01000000
SidePut
Expiry21 Aug 2026
Strike1000.00
Volume3035
OI6022
IV0.33
ContractEQIX260821P00970000
SidePut
Expiry21 Aug 2026
Strike970.00
Volume1202
OI2447
IV0.34
ContractEQIX261120P01000000
SidePut
Expiry20 Nov 2026
Strike1000.00
Volume500
OI2501
IV0.34
ContractEQIX261016P00970000
SidePut
Expiry16 Oct 2026
Strike970.00
Volume109
OI12
IV0.32
ContractEQIX260918P00910000
SidePut
Expiry18 Sep 2026
Strike910.00
Volume79
OI58
IV0.33
ContractEQIX260918C01060000
SideCall
Expiry18 Sep 2026
Strike1060.00
Volume69
OI60
IV0.28
ContractEQIX260821C01120000
SideCall
Expiry21 Aug 2026
Strike1120.00
Volume51
OI61
IV0.30
ContractEQIX260821P00910000
SidePut
Expiry21 Aug 2026
Strike910.00
Volume50
OI100
IV0.36
Research Graph
Related research and context
Sharemaestro research
Related News
Market Watch
No recent market-watch posts yet.
Earnings
No upcoming matched earnings event.
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.