Primary read
Bullish
Call-side pressure
Ticker Options Intelligence
EA options intelligence
Electronic Arts Inc options pressure, expected move, strike concentration, and Sharemaestro trend context.
Conviction
44
Market data through 31 Jul 2026
Checked 1 Aug 2026 09:02 · complete available chain
Call-side pressure
Bullish pressure
EA currently carries bullish options pressure with a 44/100 conviction score. The nearest-chain expected move is 0.1%, with volume/open-interest participation at 0.11.
Expected move
0.1%
Near-term move context
Activity / OI
0.11
Current volume is quieter versus prior open interest
Put-call
0.22
Call-side skew
Trend fit
21
Options are not fully confirming trend
Weekly backdrop
+0.4%
RS -3.0
Expected move
0.1%
Put-call volume
0.22
Volume / OI
0.11
Reference IV
0.04
Max pain
205.00
Underlying
209.06
Nearest expiry
7 Aug 2026
Contracts
1366
Research Brief
EA has a bullish chain read with 44/100 evidence alignment.
The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 208.81–209.31; The largest call open-interest concentration is 205.00; the largest put concentration is 205.00. The most active strike by current volume is 210.00.
Priced range208.81–209.31
Call concentration205.00
Put concentration205.00
Max pain reference205.00
- 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.
- Front-expiry volatility is rich, so the signal may be event-driven and vulnerable to volatility compression.
Priced Move
Where the chain says movement becomes exceptional
Options imply 208.81 to 209.31. Max pain at 205.00 lies outside the priced range, so it is a weak near-term anchor.
Spot
Max pain
208.81209.06 ± 0.25209.31
Confirmation level
A close beyond 209.31 or below 208.81 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 44/100
Pressure is 68/100 toward calls; conviction uses its strength, while the signal label carries its direction.
Directional pressure68 × 42%
+28.8
How strongly activity leans toward calls or puts.
Participation42 × 22%
+9.3
Volume relative to existing open interest and contract-level activity.
Trend agreement21 × 26%
+5.4
How closely the chain read agrees with the underlying trend backdrop.
Volatility3 × 10%
+0.3
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 205.00; the largest put concentration is 205.00. The most active strike by current volume is 210.00. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.
Put open interestStrikeCall open interest
0
105.00-49.8%
0
0
110.00-47.4%
0
0
115.00-45.0%
0
0
120.00-42.6%
0
0
125.00-40.2%
0
0
130.00-37.8%
0
0
135.00-35.4%
0
0
140.00-33.0%
0
0
145.00-30.6%
0
0
150.00-28.3%
0
0
192.50-7.9%
0
0
197.50-5.5%
0
15
200.00-4.3%
0
175
205.00-1.9%
560
48
207.50-0.7%
42
0
210.000.4%
138
0
212.501.6%
1
Nearest spot strike Max pain strikeBars show relative OI within this expiry
Volatility Curve
Front-loaded volatility
Near-term options are materially richer than later expirations, consistent with concentrated event or immediate-risk pricing.
0.04
7 Aug
7d
0.03
14 Aug
14d
0.03
21 Aug
21d
0.04
28 Aug
28d
0.03
4 Sep
35d
0.05
11 Sep
42d
0.03
18 Sep
49d
0.02
16 Oct
77d
Volatility by Strike
Balanced wings
Comparable upside calls and downside puts carry broadly similar implied volatility.
170
175
185
188
190
193
198
200
203
208
210
213
218
220
223
228
230
233
235
245
250
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
- 1366 / 1366
- 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.
Call-side pressure is building before a meaningful weekly price response.
Multi-expiry position-maintenance candidate matters because it connects the options headline to the actual evidence: $1.8M of estimated gross traded notional, calls · 91+ days · itm, 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+68
1W price+0.4%
Call premium98%
Put premium2%
Notional split
C 98% / P 2%
Estimated gross traded notional uses volume × contract multiplier × midpoint, or last price when no valid midpoint is available.
Freshness
0.11
Volume divided by open interest across the visible chain.
Trend fit
21/100
Agreement between options pressure and Sharemaestro market context.
Event window
4 Aug
Matched earnings event is 2 days away.
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 578 contracts traded, $636095 estimated gross traded notional, and 35% of visible notional.
$636095
Calls · 91+ days · ATM
calls cluster with 3960 contracts traded, $450708 estimated gross traded notional, and 24% of visible notional.
$450708
Calls · 46-90 days · ATM
calls cluster with 5277 contracts traded, $391675 estimated gross traded notional, and 21% of visible notional.
$391675
Calls · 22-45 days · ATM
calls cluster with 668 contracts traded, $298535 estimated gross traded notional, and 16% of visible notional.
$298535
Puts · 91+ days · ATM
puts cluster with 1515 contracts traded, $22553 estimated gross traded notional, and 1% of visible notional.
$22553
Setup Classification
Opportunity and risk frame
Expected move or upcoming earnings makes the setup more event-sensitive.
Options positioning is not confirming the underlying trend context.
Underlying price is close to the max-pain zone.
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
Close209.86
1W+0.4%
RS-3.0
Fair value+32.6%
Options pressure68
Speculation42
Volatility3
Trend fit21
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 10:10
Bullish
Pressure 44
Move 0.6%
30 Jul 10:05
Bullish
Pressure 48
Move 0.6%
31 Jul 10:02
Bullish
Pressure 82
Move 0.2%
1 Aug 00:48
Bullish
Pressure 70
Move 0.1%
1 Aug 08:02
Bullish
Pressure 68
Move 0.1%
Strike Map
Where activity is clustering
Strike105.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike110.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike115.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike120.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike125.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike130.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike135.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike140.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Term Structure
Expiration activity
Expiry7 Aug 2026
Contracts98
Avg IV0.04
Put-call0.26
Expiry14 Aug 2026
Contracts98
Avg IV0.03
Put-call-
Expiry21 Aug 2026
Contracts104
Avg IV0.03
Put-call8.22
Expiry28 Aug 2026
Contracts78
Avg IV0.04
Put-call4.00
Expiry4 Sep 2026
Contracts76
Avg IV0.03
Put-call2.50
Skew
Call/put IV balance
7 Aug 2026Balanced skew
Call IV0.04
Put IV0.04
Skew-
14 Aug 2026Balanced skew
Call IV0.05
Put IV0.04
Skew-0.01
21 Aug 2026Balanced skew
Call IV0.02
Put IV0.04
Skew0.02
28 Aug 2026Balanced skew
Call IV0.03
Put IV0.04
Skew0.01
4 Sep 2026Balanced skew
Call IV0.03
Put IV0.03
Skew-
Contract Tape
Most active contracts
ContractEA260918C00210000
SideCall
Expiry18 Sep 2026
Strike210.00
Volume2874
OI6895
IV0.01
ContractEA261016C00210000
SideCall
Expiry16 Oct 2026
Strike210.00
Volume1641
OI1091
IV0.01
ContractEA281215C00210000
SideCall
Expiry15 Dec 2028
Strike210.00
Volume1202
OI1252
IV0.01
ContractEA270115C00210000
SideCall
Expiry15 Jan 2027
Strike210.00
Volume802
OI4299
IV0.01
ContractEA281215P00210000
SidePut
Expiry15 Dec 2028
Strike210.00
Volume798
OI92
IV0.03
ContractEA280616P00210000
SidePut
Expiry16 Jun 2028
Strike210.00
Volume676
OI52
IV0.02
ContractEA260911C00205000
SideCall
Expiry11 Sep 2026
Strike205.00
Volume614
OI-
IV0.01
ContractEA261218C00210000
SideCall
Expiry18 Dec 2026
Strike210.00
Volume572
OI3873
IV0.01
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.