Primary read
Mixed
Options-market disagreement
Ticker Options Intelligence
FND options intelligence
Floor & Decor Holdings Inc options pressure, expected move, strike concentration, and Sharemaestro trend context.
Conviction
37
Market data through 31 Jul 2026
Checked 2 Aug 2026 03:39 · complete available chain
Options-market disagreement
Mixed pressure
FND currently carries mixed options pressure with a 37/100 conviction score. The nearest-chain expected move is 10.8%, with volume/open-interest participation at 0.01.
Expected move
10.8%
Wider near-term move priced
Activity / OI
0.01
Current volume is quieter versus prior open interest
Put-call
0.56
Call-side skew
Trend fit
54
Options are not fully confirming trend
Weekly backdrop
+7.1%
RS -17.4
Expected move
10.8%
Put-call volume
0.56
Volume / OI
0.01
Reference IV
0.54
Max pain
55.00
Underlying
57.57
Nearest expiry
21 Aug 2026
Contracts
324
Research Brief
FND has a mixed chain read with 37/100 evidence alignment.
The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 51.37–63.77; The largest call open-interest concentration is 60.00; the largest put concentration is 55.00. The most active strike by current volume is 50.00.
Priced range51.37–63.77
Call concentration60.00
Put concentration55.00
Max pain reference55.00
- 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 51.37 to 63.77. Max pain at 55.00 sits inside that range, 4.5% below spot.
Spot
Max pain
51.3757.57 ± 6.2063.77
Confirmation level
A close beyond 63.77 or below 51.37 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 37/100
Pressure is 16/100 toward calls; conviction uses its strength, while the signal label carries its direction.
Directional pressure16 × 42%
+6.6
How strongly activity leans toward calls or puts.
Participation40 × 22%
+8.9
Volume relative to existing open interest and contract-level activity.
Trend agreement54 × 26%
+14.0
How closely the chain read agrees with the underlying trend backdrop.
Volatility78 × 10%
+7.8
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 60.00; the largest put concentration is 55.00. The most active strike by current volume is 50.00. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.
Put open interestStrikeCall open interest
1
30.00-47.9%
0
140
35.00-39.2%
0
134
37.50-34.9%
0
9
40.00-30.5%
0
623
45.00-21.8%
0
115
47.50-17.5%
1
228
50.00-13.1%
0
75
52.50-8.8%
120
1593
55.00-4.5%
429
1
57.50-0.1%
117
15
60.004.2%
860
0
62.508.6%
59
0
65.0012.9%
157
0
67.5017.2%
101
0
70.0021.6%
837
0
75.0030.3%
1
0
80.0039.0%
31
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.
0.54
21 Aug
21d
0.54
18 Sep
49d
0.55
16 Oct
77d
0.55
15 Jan
168d
0.49
21 Jan
539d
Volatility by Strike
Balanced wings
Comparable upside calls and downside puts carry broadly similar implied volatility.
48
50
53
55
58
60
63
65
68
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
- 324 / 324
- 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
Multi-expiry position-maintenance candidate
Activity is spread across expirations with heavier open interest than current volume, which can be consistent with position maintenance.
The options read is mixed, so divergence is not strong enough to classify.
Multi-expiry position-maintenance candidate matters because it connects the options headline to the actual evidence: $352902 of estimated gross traded notional, calls · 91+ days · itm, 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+16
1W price+7.1%
Call premium92%
Put premium8%
Notional split
C 92% / P 8%
Estimated gross traded notional uses volume × contract multiplier × midpoint, or last price when no valid midpoint is available.
Freshness
0.01
Volume divided by open interest across the visible chain.
Trend fit
54/100
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.
Roll detection is conservative because opening and closing legs are not directly observable in this snapshot.
Calls · 91+ days · ITM
calls cluster with 108 contracts traded, $245700 estimated gross traded notional, and 70% of visible notional.
$245700
Calls · 46-90 days · ITM
calls cluster with 90 contracts traded, $65700 estimated gross traded notional, and 19% of visible notional.
$65700
Puts · 8-21 days · OTM
puts cluster with 102 contracts traded, $10032 estimated gross traded notional, and 3% of visible notional.
$10032
Calls · 8-21 days · OTM
calls cluster with 80 contracts traded, $8722 estimated gross traded notional, and 2% of visible notional.
$8722
Puts · 46-90 days · OTM
puts cluster with 35 contracts traded, $7085 estimated gross traded notional, and 2% of visible notional.
$7085
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
Close57.57
1W+7.1%
RS-17.4
Fair value-34.0%
Options pressure16
Speculation40
Volatility78
Trend fit54
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 10:38
Volatility
Pressure -51
Move 15.9%
30 Jul 10:34
Volatility
Pressure -93
Move 14.8%
30 Jul 15:22
Bullish
Pressure 44
Move 12.7%
30 Jul 15:47
Bullish
Pressure 50
Move 12.4%
30 Jul 17:50
Bullish
Pressure 50
Move 12.4%
30 Jul 19:37
Mixed
Pressure 17
Move 12.0%
31 Jul 14:19
Mixed
Pressure 14
Move 13.9%
31 Jul 15:38
Bullish
Pressure 37
Move 13.9%
Strike Map
Where activity is clustering
Strike30.00
Calls · V 0 · OI 0
Puts · V 0 · OI 1
Strike32.50
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike35.00
Calls · V 0 · OI 0
Puts · V 0 · OI 140
Strike37.50
Calls · V 0 · OI 0
Puts · V 0 · OI 134
Strike40.00
Calls · V 0 · OI 0
Puts · V 0 · OI 9
Strike42.50
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike45.00
Calls · V 0 · OI 0
Puts · V 2 · OI 623
Strike47.50
Calls · V 0 · OI 1
Puts · V 0 · OI 115
Term Structure
Expiration activity
Expiry21 Aug 2026
Contracts40
Avg IV0.54
Put-call1.41
Expiry18 Sep 2026
Contracts60
Avg IV0.54
Put-call1.50
Expiry16 Oct 2026
Contracts56
Avg IV0.55
Put-call0.33
Expiry15 Jan 2027
Contracts94
Avg IV0.55
Put-call1.50
Expiry21 Jan 2028
Contracts74
Avg IV0.49
Put-call-
Skew
Call/put IV balance
21 Aug 2026Balanced skew
Call IV0.58
Put IV0.53
Skew-0.05
18 Sep 2026Put IV premium
Call IV0.47
Put IV0.55
Skew0.08
16 Oct 2026Balanced skew
Call IV0.50
Put IV0.53
Skew0.03
15 Jan 2027Balanced skew
Call IV0.48
Put IV0.52
Skew0.04
21 Jan 2028Balanced skew
Call IV0.45
Put IV0.48
Skew0.03
Contract Tape
Most active contracts
ContractFND280121C00042500
SideCall
Expiry21 Jan 2028
Strike42.50
Volume108
OI18
IV0.53
ContractFND261016C00055000
SideCall
Expiry16 Oct 2026
Strike55.00
Volume90
OI110
IV0.55
ContractFND260821P00050000
SidePut
Expiry21 Aug 2026
Strike50.00
Volume73
OI228
IV0.64
ContractFND260821C00070000
SideCall
Expiry21 Aug 2026
Strike70.00
Volume41
OI837
IV0.33
ContractFND261016P00050000
SidePut
Expiry16 Oct 2026
Strike50.00
Volume30
OI124
IV0.53
ContractFND260821C00060000
SideCall
Expiry21 Aug 2026
Strike60.00
Volume29
OI860
IV0.52
ContractFND260821P00055000
SidePut
Expiry21 Aug 2026
Strike55.00
Volume27
OI1593
IV0.51
ContractFND260821P00057500
SidePut
Expiry21 Aug 2026
Strike57.50
Volume13
OI1
IV0.50
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
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.