Primary read
Mixed
Options-market disagreement
Ticker Options Intelligence
ONDS options intelligence
Ondas Holdings Inc. options pressure, expected move, strike concentration, and Sharemaestro trend context.
Conviction
35
Market data through 31 Jul 2026
Checked 1 Aug 2026 16:49 · complete available chain
Options-market disagreement
Mixed pressure
ONDS currently carries mixed options pressure with a 35/100 conviction score. The nearest-chain expected move is 10.9%, with volume/open-interest participation at 0.05.
Expected move
10.9%
Wider near-term move priced
Activity / OI
0.05
Current volume is quieter versus prior open interest
Put-call
0.84
Balanced tape
Trend fit
40
Options are not fully confirming trend
Weekly backdrop
-4.0%
RS -20.6
Expected move
10.9%
Put-call volume
0.84
Volume / OI
0.05
Reference IV
0.99
Max pain
8.00
Underlying
7.49
Nearest expiry
7 Aug 2026
Contracts
560
Research Brief
ONDS has a mixed 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 6.67–8.31; The largest call open-interest concentration is 8.00; the largest put concentration is 6.00. The most active strike by current volume is 6.00.
Priced range6.67–8.31
Call concentration8.00
Put concentration6.00
Max pain reference8.00
- A clear directional pressure reading develops and price begins to agree.
- Volatility falls and the chain remains directionally mixed.
- Options and the weekly trend are not yet giving the same message.
Priced Move
Where the chain says movement becomes exceptional
Options imply 6.67 to 8.31. Max pain at 8.00 sits inside that range, 6.8% above spot.
Spot
Max pain
6.677.49 ± 0.828.31
Confirmation level
A close beyond 8.31 or below 6.67 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 15/100 toward calls; conviction uses its strength, while the signal label carries its direction.
Directional pressure15 × 42%
+6.4
How strongly activity leans toward calls or puts.
Participation41 × 22%
+9.1
Volume relative to existing open interest and contract-level activity.
Trend agreement40 × 26%
+10.4
How closely the chain read agrees with the underlying trend backdrop.
Volatility96 × 10%
+9.6
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 8.00; the largest put concentration is 6.00. The most active strike by current volume is 6.00. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.
Put open interestStrikeCall open interest
1199
3.50-53.3%
0
5254
5.00-33.2%
23
1340
5.50-26.6%
36
7851
6.00-19.9%
228
3775
6.50-13.2%
231
3037
7.00-6.5%
1827
2531
7.500.1%
2165
2393
8.006.8%
6182
2100
8.5013.5%
5878
965
9.0020.2%
5204
1124
9.5026.8%
4636
299
10.0033.5%
6023
94
10.5040.2%
2629
182
11.0046.9%
2045
750
12.0060.2%
832
6
12.5066.9%
648
1
14.0086.9%
487
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.
0.99
7 Aug
7d
1.18
14 Aug
14d
1.12
21 Aug
21d
1.11
28 Aug
28d
1.08
4 Sep
35d
1.02
11 Sep
42d
1.07
18 Sep
49d
1.06
18 Dec
140d
Volatility by Strike
Downside protection premium
Out-of-the-money puts carry higher implied volatility than comparable calls, indicating richer downside protection.
6
7
7
8
8
9
Put IV Call IV
Historical Replay
How matured reads behaved through expiry
Forward validation is building. The earliest eligible stored read expires 31 Jul 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
- 560 / 560
- 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
Options activity is concentrated around a live event window, so the cleanest read is event positioning rather than pure direction.
The options read is mixed, so divergence is not strong enough to classify.
Earnings/event positioning matters because it connects the options headline to the actual evidence: $4.8M of estimated gross traded notional, calls · 91+ days · otm, and a no clean flow/price divergence backdrop. Use it as a research priority signal, then validate the chart, liquidity, event calendar, and risk before acting.
Options pressure+15
1W price-4.0%
Call premium62%
Put premium38%
Notional split
C 62% / P 38%
Estimated gross traded notional uses volume × contract multiplier × midpoint, or last price when no valid midpoint is available.
Freshness
0.05
Volume divided by open interest across the visible chain.
Trend fit
40/100
Agreement between options pressure and Sharemaestro market context.
Event window
11 Aug
Matched earnings event is 10 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 7944 contracts traded, $1.3M estimated gross traded notional, and 26% of visible notional.
$1.3M
Puts · 8-21 days · ITM
puts cluster with 2620 contracts traded, $488914 estimated gross traded notional, and 10% of visible notional.
$488914
Calls · 91+ days · ITM
calls cluster with 972 contracts traded, $406622 estimated gross traded notional, and 9% of visible notional.
$406622
Calls · 46-90 days · OTM
calls cluster with 8283 contracts traded, $380250 estimated gross traded notional, and 8% of visible notional.
$380250
Puts · 22-45 days · ITM
puts cluster with 1738 contracts traded, $359654 estimated gross traded notional, and 8% of visible notional.
$359654
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.
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
Close7.49
1W-4.0%
RS-20.6
Fair value+106.3%
Options pressure15
Speculation41
Volatility96
Trend fit40
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 10:34
Bullish
Pressure 57
Move 8.3%
30 Jul 10:32
Bullish
Pressure 41
Move 15.8%
31 Jul 10:21
Bullish
Pressure 59
Move 6.5%
1 Aug 15:49
Mixed
Pressure 15
Move 10.9%
Strike Map
Where activity is clustering
Strike1.00
Calls · V 0 · OI 11
Puts · V 0 · OI 0
Strike2.00
Calls · V 1 · OI 5
Puts · V 0 · OI 203
Strike3.00
Calls · V 0 · OI 1
Puts · V 2 · OI 101
Strike3.50
Calls · V 0 · OI 0
Puts · V 1 · OI 1199
Strike4.00
Calls · V 0 · OI 14
Puts · V 0 · OI 26
Strike4.50
Calls · V 0 · OI 59
Puts · V 0 · OI 276
Strike5.00
Calls · V 0 · OI 23
Puts · V 99 · OI 5254
Strike5.50
Calls · V 1 · OI 36
Puts · V 726 · OI 1340
Term Structure
Expiration activity
Expiry7 Aug 2026
Contracts50
Avg IV0.99
Put-call1.65
Expiry14 Aug 2026
Contracts50
Avg IV1.18
Put-call0.27
Expiry21 Aug 2026
Contracts54
Avg IV1.12
Put-call0.65
Expiry28 Aug 2026
Contracts48
Avg IV1.11
Put-call4.20
Expiry4 Sep 2026
Contracts48
Avg IV1.08
Put-call1.25
Skew
Call/put IV balance
7 Aug 2026Balanced skew
Call IV1.04
Put IV1.03
Skew-0.01
14 Aug 2026Balanced skew
Call IV1.18
Put IV1.20
Skew0.02
21 Aug 2026Call IV premium
Call IV1.20
Put IV1.14
Skew-0.06
28 Aug 2026Balanced skew
Call IV1.18
Put IV1.13
Skew-0.05
4 Sep 2026Balanced skew
Call IV1.11
Put IV1.10
Skew-0.01
Contract Tape
Most active contracts
ContractONDS260807P00006000
SidePut
Expiry7 Aug 2026
Strike6.00
Volume7969
OI7851
IV1.16
ContractONDS260828P00004500
SidePut
Expiry28 Aug 2026
Strike4.50
Volume5316
OI16
IV1.33
ContractONDS260807P00006500
SidePut
Expiry7 Aug 2026
Strike6.50
Volume4754
OI3775
IV1.02
ContractONDS260814C00009000
SideCall
Expiry14 Aug 2026
Strike9.00
Volume4677
OI3557
IV1.18
ContractONDS260828P00006000
SidePut
Expiry28 Aug 2026
Strike6.00
Volume4173
OI504
IV1.12
ContractONDS260807C00008000
SideCall
Expiry7 Aug 2026
Strike8.00
Volume4089
OI6182
IV1.00
ContractONDS260807C00008500
SideCall
Expiry7 Aug 2026
Strike8.50
Volume3280
OI5878
IV1.04
ContractONDS260918C00010000
SideCall
Expiry18 Sep 2026
Strike10.00
Volume2545
OI46055
IV1.11
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.