Ticker Options Intelligence

SON options intelligence

Sonoco Products Company options pressure, expected move, strike concentration, and Sharemaestro trend context.

Conviction 51 Market data through 31 Jul 2026 Checked 1 Aug 2026 01:30 · complete available chain

Call-side pressure

Bullish pressure

SON currently carries bullish options pressure with a 51/100 conviction score. The nearest-chain expected move is 8.9%, with volume/open-interest participation at 0.08.

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

Call-side pressure

Expected move 8.9%

Wider near-term move priced

Activity / OI 0.08

Current volume is quieter versus prior open interest

Put-call 0.03

Call-side skew

Trend fit 0

Options are not fully confirming trend

Weekly backdrop +2.9%

RS 13.5

Expected move 8.9%
Put-call volume 0.03
Volume / OI 0.08
Reference IV 0.33
Max pain 55.00
Underlying 58.23
Nearest expiry 21 Aug 2026
Contracts 86

Research Brief

SON has a bullish chain read with 51/100 evidence alignment.

The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 53.06–63.40; The largest call open-interest concentration is 60.00; the largest put concentration is 50.00. The most active strike by current volume is 55.00.

Priced range53.06–63.40
Call concentration60.00
Put concentration50.00
Max pain reference55.00
What would confirm it
  • Price holds or improves while call-side concentration remains elevated.
What would weaken it
  • 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

Size, not direction · through 21 Aug

Options imply 53.06 to 63.40. Max pain at 55.00 sits inside that range, 5.5% below spot.

Spot Max pain
53.0658.23 ± 5.1763.40
Confirmation level

A close beyond 63.40 or below 53.06 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 51/100

Evidence alignment, not probability

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

Directional pressure100 × 42%
+42.0

How strongly activity leans toward calls or puts.

Participation15 × 22%
+3.3

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

Trend agreement0 × 26%
+0.0

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

Volatility58 × 10%
+5.8

The intensity of implied volatility and the priced move.

Reconstructed score51.1Matches stored calculation

Positioning by Strike

Where open interest and current activity concentrate

Full strike map

The largest call open-interest concentration is 60.00; the largest put concentration is 50.00. The most active strike by current volume is 55.00. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.

Put open interestStrikeCall open interest
1
30.00-48.5%
0
0
35.00-39.9%
0
0
40.00-31.3%
0
83
45.00-22.7%
11
457
50.00-14.1%
24
204
55.00-5.5%
136
1
60.003.0%
255
0
65.0011.6%
12
0
70.0020.2%
2
0
75.0028.8%
1
Nearest spot strike Max pain strikeBars show relative OI within this expiry

Volatility Curve

Balanced volatility curve

1.05× front/back

Near- and longer-dated implied volatility are broadly aligned; no exceptional front-expiry premium is visible.

0.33 21 Aug 21d
0.30 18 Sep 49d
0.31 16 Oct 77d
0.31 15 Jan 168d

Volatility by Strike

Downside protection premium

Nearest expiry, within 20% of spot

Out-of-the-money puts carry higher implied volatility than comparable calls, indicating richer downside protection.

50
55
60
65
Put IV Call IV

Historical Replay

How matured reads behaved through expiry

0 directional observations

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

A97/100
Retained chain100%
Implied volatility100%
Two-sided quotes100%
Open interest100%
Chain status
Complete available chain
Market date
31 Jul 2026
Calculation
v2.0
Contracts
86 / 86
  • 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

67/100
Primary intent Multi-expiry position-maintenance candidate

Activity is spread across expirations with heavier open interest than current volume, which can be consistent with position maintenance.

Flow vs price divergence Bullish flow confirms price

Options pressure and weekly price action are pointing in the same constructive direction.

Why this matters

Multi-expiry position-maintenance candidate matters because it connects the options headline to the actual evidence: $63515 of estimated gross traded notional, calls · 46-90 days · otm, and a bullish 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+2.9%
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 0.08 Volume divided by open interest across the visible chain.
Trend fit 0/100 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.
Conviction clusters Calls · 46-90 days · OTM
Calls · 46-90 days · OTM calls cluster with 240 contracts traded, $37200 estimated gross traded notional, and 59% of visible notional.
$37200
Calls · 46-90 days · ITM calls cluster with 80 contracts traded, $25200 estimated gross traded notional, and 40% of visible notional.
$25200
Puts · 46-90 days · OTM puts cluster with 8 contracts traded, $678 estimated gross traded notional, and 1% of visible notional.
$678
Calls · 91+ days · OTM calls cluster with 1 contracts traded, $312 estimated gross traded notional, and 0% of visible notional.
$312
Puts · 8-21 days · OTM puts cluster with 1 contracts traded, $125 estimated gross traded notional, and 0% of visible notional.
$125

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.

Warning Bullish pressure over fair value

Call pressure is building while the stock sits above Sharemaestro fair value.

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

Sharemaestro weekly
Close58.23
1W+2.9%
RS13.5
Fair value+21.6%
Options pressure100
Speculation15
Volatility58
Trend fit0

Today Versus Normal

Stored-options context

View history
Expected move 8.9% history building
30d avg - · 3/10 sessions -
90d avg - · 3/30 sessions -
180d avg - · 3/60 sessions -
IV 0.33 history building
30d avg - · 3/10 sessions -
90d avg - · 3/30 sessions -
180d avg - · 3/60 sessions -
Put-call 0.03 history building
30d avg - · 3/10 sessions -
90d avg - · 3/30 sessions -
180d avg - · 3/60 sessions -
Volume/OI 0.08 history building
30d avg - · 3/10 sessions -
90d avg - · 3/30 sessions -
180d avg - · 3/60 sessions -

Pressure Trail

Recent pressure and volatility

Open trail
29 Jul 10:40 Bullish
Pressure 40
Move 6.3%
30 Jul 10:36 Bullish
Pressure 90
Move 6.7%
31 Jul 12:10 Bullish
Pressure 98
Move 7.5%
1 Aug 00:30 Bullish
Pressure 100
Move 8.9%

Strike Map

Where activity is clustering

Full strike map
Strike30.00
Calls · V 0 · OI 0
Puts · V 0 · OI 1
Strike35.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike40.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike45.00
Calls · V 0 · OI 11
Puts · V 0 · OI 83
Strike50.00
Calls · V 0 · OI 24
Puts · V 0 · OI 457
Strike55.00
Calls · V 0 · OI 136
Puts · V 1 · OI 204
Strike60.00
Calls · V 0 · OI 255
Puts · V 0 · OI 1
Strike65.00
Calls · V 0 · OI 12
Puts · V 0 · OI 0

Term Structure

Expiration activity

Volume and IV
Expiry21 Aug 2026
Contracts20
Avg IV0.33
Put-call-
Expiry18 Sep 2026
Contracts22
Avg IV0.30
Put-call0.02
Expiry16 Oct 2026
Contracts24
Avg IV0.31
Put-call0.03
Expiry15 Jan 2027
Contracts20
Avg IV0.31
Put-call-

Skew

Call/put IV balance

OTM demand
21 Aug 2026Put IV premium
Call IV0.29
Put IV0.36
Skew0.07
18 Sep 2026Put IV premium
Call IV0.28
Put IV0.36
Skew0.08
16 Oct 2026Balanced skew
Call IV0.31
Put IV0.35
Skew0.04
15 Jan 2027Put IV premium
Call IV0.28
Put IV0.34
Skew0.06

Contract Tape

Most active contracts

Full contract tape
ContractSON261016C00060000
SideCall
Expiry16 Oct 2026
Strike60.00
Volume200
OI122
IV0.28
ContractSON260918C00055000
SideCall
Expiry18 Sep 2026
Strike55.00
Volume80
OI526
IV0.28
ContractSON260918C00060000
SideCall
Expiry18 Sep 2026
Strike60.00
Volume40
OI79
IV0.28
ContractSON261016P00045000
SidePut
Expiry16 Oct 2026
Strike45.00
Volume3
OI105
IV0.41
ContractSON261016P00040000
SidePut
Expiry16 Oct 2026
Strike40.00
Volume3
OI54
IV0.54
ContractSON260918P00055000
SidePut
Expiry18 Sep 2026
Strike55.00
Volume2
OI3
IV0.34
ContractSON260821P00055000
SidePut
Expiry21 Aug 2026
Strike55.00
Volume1
OI204
IV0.36
ContractSON270115C00060000
SideCall
Expiry15 Jan 2027
Strike60.00
Volume1
OI93
IV0.28