Primary read
Bullish
Call-side pressure
Ticker Options Intelligence
FND options intelligence
Floor & Decor Holdings Inc options pressure, expected move, strike concentration, and Sharemaestro trend context.
Conviction
39
Market data through 18 Sep 2026
Checked 21 Sep 2026 11:41 · complete available chain
Call-side pressure
Bullish pressure
FND currently carries bullish options pressure with a 39/100 conviction score. The nearest-chain expected move is 10.1%, with volume/open-interest participation at 0.01.
Expected move
10.1%
Wider near-term move priced
Activity / OI
0.01
Current volume is quieter versus prior open interest
Put-call
0.33
Call-side skew
Trend fit
27
Options are not fully confirming trend
Weekly backdrop
-0.1%
RS -26.8
Expected move
10.1%
Put-call volume
0.33
Volume / OI
0.01
Reference IV
0.47
Max pain
50.00
Underlying
47.28
Nearest expiry
16 Oct 2026
Contracts
290
Research Brief
FND has a bullish chain read with 39/100 evidence alignment.
The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 42.51–52.05; The largest call open-interest concentration is 70.00; the largest put concentration is 42.50. The most active strike by current volume is 47.50.
Priced range42.51–52.05
Call concentration70.00
Put concentration42.50
Max pain reference50.00
- 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 42.51 to 52.05. Max pain at 50.00 sits inside that range, 5.8% above spot.
Spot
Max pain
42.5147.28 ± 4.7752.05
Confirmation level
A close beyond 52.05 or below 42.51 at the 16 Oct 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 39/100
Pressure is 39/100 toward calls; conviction uses its strength, while the signal label carries its direction.
Directional pressure39 × 42%
+16.3
How strongly activity leans toward calls or puts.
Participation40 × 22%
+8.8
Volume relative to existing open interest and contract-level activity.
Trend agreement27 × 26%
+6.9
How closely the chain read agrees with the underlying trend backdrop.
Volatility73 × 10%
+7.3
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 70.00; the largest put concentration is 42.50. The most active strike by current volume is 47.50. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.
Put open interestStrikeCall open interest
386
30.00-36.5%
0
90
37.50-20.7%
0
103
40.00-15.4%
2
26839
42.50-10.1%
1
211
45.00-4.8%
1
38
47.500.5%
12
155
50.005.8%
126
64
52.5011.0%
124
25
55.0016.3%
78
30
57.5021.6%
31
14
60.0026.9%
55
0
62.5032.2%
17
5
65.0037.5%
8
0
70.0048.1%
271
0
75.0058.6%
24
0
77.5063.9%
45
0
100.00111.5%
11
Nearest spot strike Max pain strikeBars show relative OI within this expiry
Gamma Profile by Strike
Negative gamma proxy
Put-side gamma sensitivity outweighs the call-side proxy across the retained chain. The largest bars mark levels where delta-hedging sensitivity may be most concentrated.
Net profile-$2.5MDelta change / 1% move
Positive peak55.00+$82,436
Negative peak42.50-$2.5M
Nearest balance53.25Interpolated sign change
StrikeNegativePositiveNet / 1% move
25.00-47.1%
-$1
27.50-41.8%
-$13
30.00-36.5%
-$817
32.50-31.3%
+$1,099
35.00-26.0%
-$96
37.50-20.7%
-$3,583
40.00-15.4%
-$6,898
42.50-10.1%
-$2.5M
45.00-4.8%
-$32,343
47.500.5%
-$11,869
50.005.8%
-$24,771
52.5011.0%
-$35,184
55.0016.3%
+$82,436
57.5021.6%
+$1,433
60.0026.9%
+$32,048
62.5032.2%
+$3,642
65.0037.5%
-$2,698
67.5042.8%
+$490
70.0048.1%
+$10,122
72.5053.3%
+$483
75.0058.6%
+$709
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.
0.47
16 Oct
28d
0.50
20 Nov
63d
0.50
15 Jan
119d
0.51
16 Apr
210d
0.49
21 Jan
490d
Volatility by Strike
Downside protection premium
Out-of-the-money puts carry higher implied volatility than comparable calls, indicating richer downside protection.
40
43
45
48
50
53
55
Put IV Call IV
Historical Replay
How matured reads behaved through expiry
Across 9 stored directional transitions, the next stored price moved in the labelled direction 33% of the time.
Directional follow-through33%
Moves contained by pricing59%
Average expiry move7.6%
16 Sep
Mixed · 30
-0.1% through expiry
5.2% priced · v2.0
14 Sep
Bearish · 58
-0.1% through expiry
5.3% priced · v2.0
11 Sep
Bearish · 41
-0.1% through expiry
6.0% priced · v2.0
10 Sep
Volatility · 60
-5.9% through expiry
9.1% priced · v2.0
8 Sep
Mixed · 38
-5.9% through expiry
7.9% priced · v2.0
4 Sep
Mixed · 29
-10.8% through expiry
8.6% priced · v2.0
1 Sep
Bullish · 41
-10.8% through expiry
11.6% priced · v2.0
28 Aug
Volatility · 57
-10.8% through expiry
9.9% priced · v2.0
26 Aug
Mixed · 30
-12.9% through expiry
10.1% priced · v2.0
21 Aug
Mixed · 34
-12.9% through expiry
10.9% priced · v2.0
17 Aug
Bearish · 46
-7.4% through expiry
4.6% priced · v2.0
14 Aug
Bullish · 37
-13.4% through expiry
5.3% 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
High
Retained chain100%
Implied volatility100%
Two-sided quotes100%
Open interest100%
- Chain status
- Complete available chain
- Market date
- 18 Sep 2026
- Calculation
- v2.0
- Contracts
- 290 / 290
- 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
Call activity against legacy put OI
Call activity is dominant while put open interest remains large but current put volume is not leading.
Call-side pressure is building before a meaningful weekly price response.
Call activity against legacy put OI matters because it connects the options headline to the actual evidence: $63,305 of estimated gross traded notional, calls · 22-45 days · atm, and a bullish flow before price confirmation backdrop. Use it as a research priority signal, then validate the chart, liquidity, event calendar, and risk before acting.
Options pressure+39
1W price-0.1%
Call premium67%
Put premium33%
Notional split
C 67% / P 33%
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
27/100
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.
Do not infer a hedge unwind without next-session open-interest changes and opening/closing data.
Calls · 22-45 days · ATM
calls cluster with 123 contracts traded, $27,675 estimated gross traded notional, and 44% of visible notional.
$27,675
Puts · 91+ days · ITM
puts cluster with 14 contracts traded, $9,615 estimated gross traded notional, and 15% of visible notional.
$9,615
Puts · 91+ days · OTM
puts cluster with 25 contracts traded, $8,505 estimated gross traded notional, and 13% of visible notional.
$8,505
Calls · 91+ days · OTM
calls cluster with 15 contracts traded, $5,450 estimated gross traded notional, and 9% of visible notional.
$5,450
Calls · 91+ days · ATM
calls cluster with 8 contracts traded, $4,760 estimated gross traded notional, and 8% of visible notional.
$4,760
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.
Options positioning is not confirming the underlying trend context.
Activity Anomaly
Quiet tape
Activity is muted versus this ticker's stored history.
Baseline: 24 completed sessions
Volume rank25th
Volume/OI rank38th
IV rank12th
Market Context
Underlying confirmation
Close47.28
1W-0.1%
RS-26.8
Fair value-44.5%
Options pressure39
Speculation40
Volatility73
Trend fit27
Today Versus Normal
Stored-options context
30d avg 8.5% · 10 sessions
70th
90d avg - · 24/30 sessions
-
180d avg - · 24/60 sessions
-
30d avg 0.56 · 10 sessions
20th
90d avg - · 24/30 sessions
-
180d avg - · 24/60 sessions
-
30d avg 3.79 · 10 sessions
10th
90d avg - · 24/30 sessions
-
180d avg - · 24/60 sessions
-
30d avg 0.03 · 10 sessions
20th
90d avg - · 24/30 sessions
-
180d avg - · 24/60 sessions
-
Pressure Trail
Recent pressure and volatility
31 Jul 18:05
Bullish
Pressure 28
Move 14.2%
31 Jul 19:24
Bullish
Pressure 27
Move 14.3%
31 Jul 22:18
Bullish
Pressure 27
Move 14.7%
3 Aug 05:51
Mixed
Pressure 16
Move 10.8%
3 Aug 16:33
Bullish
Pressure 32
Move 10.0%
3 Aug 19:22
Bullish
Pressure 37
Move 10.1%
4 Aug 11:14
Bullish
Pressure 29
Move 10.1%
4 Aug 17:47
Bullish
Pressure 25
Move 10.7%
Strike Map
Where activity is clustering
Strike25.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike27.50
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike30.00
Calls · V 0 · OI 0
Puts · V 0 · OI 386
Strike32.50
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike35.00
Calls · V 0 · OI 0
Puts · V 0 · OI 10
Strike37.50
Calls · V 0 · OI 0
Puts · V 0 · OI 90
Strike40.00
Calls · V 0 · OI 2
Puts · V 0 · OI 103
Strike42.50
Calls · V 1 · OI 1
Puts · V 0 · OI 26839
Term Structure
Expiration activity
Expiry16 Oct 2026
Contracts56
Avg IV0.47
Put-call0.01
Expiry20 Nov 2026
Contracts26
Avg IV0.50
Put-call3.25
Expiry15 Jan 2027
Contracts94
Avg IV0.50
Put-call2.05
Expiry16 Apr 2027
Contracts40
Avg IV0.51
Put-call-
Expiry21 Jan 2028
Contracts74
Avg IV0.49
Put-call-
Skew
Call/put IV balance
16 Oct 2026Put IV premium
Call IV0.44
Put IV0.52
Skew0.08
20 Nov 2026Balanced skew
Call IV0.48
Put IV0.50
Skew0.02
15 Jan 2027Balanced skew
Call IV0.48
Put IV0.45
Skew-0.03
16 Apr 2027Balanced skew
Call IV0.49
Put IV0.52
Skew0.03
21 Jan 2028Balanced skew
Call IV0.46
Put IV0.50
Skew0.04
Contract Tape
Most active contracts
ContractFND261016C00047500
SideCall
Expiry16 Oct 2026
Strike47.50
Volume123
OI12
IV0.43
ContractFND270115P00045000
SidePut
Expiry15 Jan 2027
Strike45.00
Volume21
OI43
IV0.48
ContractFND270115P00050000
SidePut
Expiry15 Jan 2027
Strike50.00
Volume13
OI341
IV0.49
ContractFND261016C00050000
SideCall
Expiry16 Oct 2026
Strike50.00
Volume13
OI126
IV0.44
ContractFND261120P00042500
SidePut
Expiry20 Nov 2026
Strike42.50
Volume12
OI-
IV0.50
ContractFND270115C00060000
SideCall
Expiry15 Jan 2027
Strike60.00
Volume11
OI488
IV0.48
ContractFND270115C00047500
SideCall
Expiry15 Jan 2027
Strike47.50
Volume8
OI140
IV0.54
ContractFND270115P00037500
SidePut
Expiry15 Jan 2027
Strike37.50
Volume4
OI1
IV0.54
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.