Primary read
Bearish
Put-side pressure
Ticker Options Intelligence
TPG options intelligence
TPG Inc options pressure, expected move, strike concentration, and Sharemaestro trend context.
Conviction
52
Market data through 30 Jul 2026
Checked 31 Jul 2026 11:07 · complete available chain
Put-side pressure
Bearish pressure
TPG currently carries bearish options pressure with a 52/100 conviction score. The nearest-chain expected move is 8.4%, with volume/open-interest participation at 0.00.
Expected move
8.4%
Wider near-term move priced
Activity / OI
0.00
Current volume is quieter versus prior open interest
Put-call
2.76
Put-side skew
Trend fit
81
Options agree with trend context
Weekly backdrop
+1.9%
RS -21.8
Expected move
8.4%
Put-call volume
2.76
Volume / OI
0.00
Reference IV
0.49
Max pain
42.50
Underlying
42.83
Nearest expiry
21 Aug 2026
Contracts
266
Research Brief
TPG has a bearish chain read with 52/100 evidence alignment.
The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 39.23–46.43; The largest call open-interest concentration is 45.00; the largest put concentration is 40.00. The most active strike by current volume is 42.50.
Priced range39.23–46.43
Call concentration45.00
Put concentration40.00
Max pain reference42.50
- Price remains weak while put-side concentration persists.
- The current chain read already agrees with the stored weekly trend context.
- Price recovers while put pressure fades or reverses toward calls.
Priced Move
Where the chain says movement becomes exceptional
Options imply 39.23 to 46.43. Max pain at 42.50 sits inside that range, 0.8% below spot.
Spot
Max pain
39.2342.83 ± 3.6046.43
Confirmation level
A close beyond 46.43 or below 39.23 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 52/100
Pressure is 52/100 toward puts; conviction uses its strength, while the signal label carries its direction.
Directional pressure52 × 42%
+21.7
How strongly activity leans toward calls or puts.
Participation10 × 22%
+2.1
Volume relative to existing open interest and contract-level activity.
Trend agreement81 × 26%
+21.2
How closely the chain read agrees with the underlying trend backdrop.
Volatility68 × 10%
+6.8
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 45.00; the largest put concentration is 40.00. The most active strike by current volume is 42.50. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.
Put open interestStrikeCall open interest
271
27.50-35.8%
3
103
30.00-30.0%
0
832
32.50-24.1%
0
4592
35.00-18.3%
3
1135
37.50-12.4%
1
25897
40.00-6.6%
25
5108
42.50-0.8%
10143
34
45.005.1%
15050
91
47.5010.9%
347
60
50.0016.7%
672
26
52.5022.6%
171
10
57.5034.3%
66
0
60.0040.1%
581
1
65.0051.8%
232
0
67.5057.6%
139
0
70.0063.4%
156
0
75.0075.1%
50
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.
0.49
21 Aug
22d
0.41
18 Sep
50d
0.45
20 Nov
113d
0.47
15 Jan
169d
0.46
19 Feb
204d
0.45
21 Jan
540d
Volatility by Strike
Downside protection premium
Out-of-the-money puts carry higher implied volatility than comparable calls, indicating richer downside protection.
35
38
40
43
45
48
50
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
Usable with limits
Retained chain100%
Implied volatility100%
Two-sided quotes100%
Open interest100%
- Chain status
- Complete available chain
- Market date
- 30 Jul 2026
- Calculation
- v2.0
- Contracts
- 266 / 266
- 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.
Put-side pressure is building while price is rising, a cautionary divergence.
Earnings/event positioning matters because it connects the options headline to the actual evidence: $55985 of estimated gross traded notional, puts · 91+ days · itm, and a bearish flow against rising price backdrop. Use it as a research priority signal, then validate the chart, liquidity, event calendar, and risk before acting.
Options pressure-52
1W price+1.9%
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
0.00
Volume divided by open interest across the visible chain.
Trend fit
81/100
Agreement between options pressure and Sharemaestro market context.
Event window
4 Aug
Matched earnings event is 3 days away.
Aggregate chain data does not identify trade aggressor or opening versus closing activity; call/put concentration is not proof of market direction.
Puts · 91+ days · ITM
puts cluster with 25 contracts traded, $27365 estimated gross traded notional, and 49% of visible notional.
$27365
Puts · 91+ days · OTM
puts cluster with 23 contracts traded, $15755 estimated gross traded notional, and 28% of visible notional.
$15755
Puts · 46-90 days · OTM
puts cluster with 51 contracts traded, $5100 estimated gross traded notional, and 9% of visible notional.
$5100
Calls · 8-21 days · ATM
calls cluster with 23 contracts traded, $3335 estimated gross traded notional, and 6% of visible notional.
$3335
Calls · 91+ days · ITM
calls cluster with 2 contracts traded, $3330 estimated gross traded notional, and 6% of visible notional.
$3330
Setup Classification
Opportunity and risk frame
Positioning agrees with the Sharemaestro trend backdrop.
The tape is pricing or displaying unusually elevated activity.
Expected move or upcoming earnings makes the setup more event-sensitive.
Underlying price is close to the max-pain zone.
Activity Anomaly
Warming up
2 of 10 completed market sessions are available. More session history is needed before activity can be compared with a reliable normal.
Baseline: 2 completed sessions
Volume rank-
Volume/OI rank-
IV rank-
Market Context
Underlying confirmation
Close43.66
1W+1.9%
RS-21.8
Fair value-5.9%
Options pressure-52
Speculation10
Volatility68
Trend fit81
Today Versus Normal
Stored-options context
30d avg - · 2/10 sessions
-
90d avg - · 2/30 sessions
-
180d avg - · 2/60 sessions
-
30d avg - · 2/10 sessions
-
90d avg - · 2/30 sessions
-
180d avg - · 2/60 sessions
-
30d avg - · 2/10 sessions
-
90d avg - · 2/30 sessions
-
180d avg - · 2/60 sessions
-
30d avg - · 2/10 sessions
-
90d avg - · 2/30 sessions
-
180d avg - · 2/60 sessions
-
Pressure Trail
Recent pressure and volatility
29 Jul 10:21
Volatility
Pressure 87
Move 9.8%
30 Jul 10:15
Bearish
Pressure -54
Move 7.7%
31 Jul 10:07
Bearish
Pressure -52
Move 8.4%
Strike Map
Where activity is clustering
Strike20.00
Calls · V 0 · OI 0
Puts · V 0 · OI 3
Strike22.50
Calls · V 0 · OI 0
Puts · V 0 · OI 42
Strike25.00
Calls · V 0 · OI 0
Puts · V 0 · OI 41
Strike27.50
Calls · V 0 · OI 3
Puts · V 0 · OI 271
Strike30.00
Calls · V 0 · OI 0
Puts · V 0 · OI 103
Strike32.50
Calls · V 0 · OI 0
Puts · V 2 · OI 832
Strike35.00
Calls · V 0 · OI 3
Puts · V 1 · OI 4592
Strike37.50
Calls · V 0 · OI 1
Puts · V 0 · OI 1135
Term Structure
Expiration activity
Expiry21 Aug 2026
Contracts56
Avg IV0.49
Put-call0.09
Expiry18 Sep 2026
Contracts28
Avg IV0.41
Put-call-
Expiry20 Nov 2026
Contracts34
Avg IV0.45
Put-call-
Expiry15 Jan 2027
Contracts58
Avg IV0.47
Put-call23.00
Expiry19 Feb 2027
Contracts32
Avg IV0.46
Put-call-
Skew
Call/put IV balance
21 Aug 2026Put IV premium
Call IV0.46
Put IV0.55
Skew0.09
18 Sep 2026Put IV premium
Call IV0.39
Put IV0.50
Skew0.12
20 Nov 2026Put IV premium
Call IV0.39
Put IV0.52
Skew0.14
15 Jan 2027Put IV premium
Call IV0.40
Put IV0.53
Skew0.14
19 Feb 2027Put IV premium
Call IV0.35
Put IV0.54
Skew0.20
Contract Tape
Most active contracts
ContractTPG260918P00037500
SidePut
Expiry18 Sep 2026
Strike37.50
Volume51
OI43
IV0.50
ContractTPG260821C00042500
SideCall
Expiry21 Aug 2026
Strike42.50
Volume23
OI10143
IV0.31
ContractTPG280121P00037500
SidePut
Expiry21 Jan 2028
Strike37.50
Volume23
OI31
IV0.54
ContractTPG270115P00050000
SidePut
Expiry15 Jan 2027
Strike50.00
Volume23
OI21
IV0.53
ContractTPG260821C00045000
SideCall
Expiry21 Aug 2026
Strike45.00
Volume11
OI15050
IV0.38
ContractTPG260821P00032500
SidePut
Expiry21 Aug 2026
Strike32.50
Volume2
OI832
IV0.87
ContractTPG270219P00060000
SidePut
Expiry19 Feb 2027
Strike60.00
Volume2
OI21
IV0.47
ContractTPG280121C00027500
SideCall
Expiry21 Jan 2028
Strike27.50
Volume2
OI20
IV0.16
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.