Ticker Options Intelligence

WLY options intelligence

John Wiley & Sons options pressure, expected move, strike concentration, and Sharemaestro trend context.

Conviction 50 Market data through 31 Jul 2026 Checked 1 Aug 2026 06:24 · complete available chain

Call-side pressure

Bullish pressure

WLY currently carries bullish options pressure with a 50/100 conviction score. The nearest-chain expected move is 8.9%, with volume/open-interest participation at 0.06.

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 0.06

Current volume is quieter versus prior open interest

Put-call 0.09

Call-side skew

Trend fit 12

Options are not fully confirming trend

Weekly backdrop -2.8%

RS 21.7

Expected move 8.9%
Put-call volume 0.09
Volume / OI 0.06
Reference IV 0.29
Max pain 55.00
Underlying 49.55
Nearest expiry 21 Aug 2026
Contracts 104

Research Brief

WLY has a bullish chain read with 50/100 evidence alignment.

The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 45.13–53.97; The largest call open-interest concentration is 60.00; the largest put concentration is 55.00. The most active strike by current volume is 60.00.

Priced range45.13–53.97
Call concentration60.00
Put concentration55.00
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 45.13 to 53.97. Max pain at 55.00 lies outside the priced range, so it is a weak near-term anchor.

Spot Max pain
45.1349.55 ± 4.4253.97
Confirmation level

A close beyond 53.97 or below 45.13 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 50/100

Evidence alignment, not probability

Pressure is 88/100 toward calls; conviction uses its strength, while the signal label carries its direction.

Directional pressure88 × 42%
+36.9

How strongly activity leans toward calls or puts.

Participation21 × 22%
+4.7

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

Trend agreement12 × 26%
+3.2

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

Volatility56 × 10%
+5.6

The intensity of implied volatility and the priced move.

Reconstructed score50.4Matches 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 55.00. The most active strike by current volume is 60.00. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.

Put open interestStrikeCall open interest
0
20.00-59.6%
0
0
22.50-54.6%
0
0
25.00-49.5%
0
0
30.00-39.5%
0
0
35.00-29.4%
0
0
40.00-19.3%
0
2
45.00-9.2%
0
7
50.000.9%
81
334
55.0011.0%
10
0
60.0021.1%
345
0
65.0031.2%
5
Nearest spot strike Max pain strikeBars show relative OI within this expiry

Volatility Curve

Back-loaded volatility

0.66× front/back

Longer-dated options carry more implied volatility than the front expiry, so risk is priced farther out.

0.29 21 Aug 21d
0.48 18 Sep 49d
0.46 18 Dec 140d
0.44 19 Mar 231d

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.

40
45
50
55
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

A100/100
Retained chain100%
Implied volatility100%
Two-sided quotes100%
Open interest100%
Chain status
Complete available chain
Market date
31 Jul 2026
Calculation
v2.0
Contracts
104 / 104
  • 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

66/100
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 against weak price

Options are leaning call-side while the stock is down on the week, a divergence that needs price confirmation.

Why this matters

Multi-expiry position-maintenance candidate matters because it connects the options headline to the actual evidence: $135242 of estimated gross traded notional, calls · 91+ days · itm, and a bullish flow against weak price backdrop. Use it as a research priority signal, then validate the chart, liquidity, event calendar, and risk before acting.

Options pressure+88
1W price-2.8%
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 0.06 Volume divided by open interest across the visible chain.
Trend fit 12/100 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 · 91+ days · ITM
Calls · 91+ days · ITM calls cluster with 48 contracts traded, $130830 estimated gross traded notional, and 97% of visible notional.
$130830
Puts · 91+ days · ITM puts cluster with 2 contracts traded, $2280 estimated gross traded notional, and 2% of visible notional.
$2280
Calls · 46-90 days · OTM calls cluster with 4 contracts traded, $1040 estimated gross traded notional, and 1% of visible notional.
$1040
Puts · 46-90 days · OTM puts cluster with 5 contracts traded, $575 estimated gross traded notional, and 0% of visible notional.
$575
Calls · 8-21 days · OTM calls cluster with 23 contracts traded, $518 estimated gross traded notional, and 0% of visible notional.
$518

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
Close49.55
1W-2.8%
RS21.7
Fair value+31.2%
Options pressure88
Speculation21
Volatility56
Trend fit12

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 0.29 history building
30d avg - · 3/10 sessions -
90d avg - · 3/30 sessions -
180d avg - · 3/60 sessions -
Put-call 0.09 history building
30d avg - · 3/10 sessions -
90d avg - · 3/30 sessions -
180d avg - · 3/60 sessions -
Volume/OI 0.06 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 10:59 Bullish
Pressure 100
Move 7.1%
30 Jul 12:23 Volatility
Pressure 52
Move 13.1%
31 Jul 10:21 Volatility
Pressure -74
Move 10.7%
1 Aug 05:24 Bullish
Pressure 88
Move 8.9%

Strike Map

Where activity is clustering

Full strike map
Strike20.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike22.50
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike25.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike30.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
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 0
Puts · V 0 · OI 2
Strike50.00
Calls · V 0 · OI 81
Puts · V 0 · OI 7

Term Structure

Expiration activity

Volume and IV
Expiry21 Aug 2026
Contracts22
Avg IV0.29
Put-call-
Expiry18 Sep 2026
Contracts30
Avg IV0.48
Put-call1.25
Expiry18 Dec 2026
Contracts28
Avg IV0.46
Put-call-
Expiry19 Mar 2027
Contracts24
Avg IV0.44
Put-call0.04

Skew

Call/put IV balance

OTM demand
21 Aug 2026Call IV premium
Call IV0.41
Put IV0.27
Skew-0.15
18 Sep 2026Put IV premium
Call IV0.47
Put IV0.53
Skew0.06
18 Dec 2026Balanced skew
Call IV0.42
Put IV0.46
Skew0.04
19 Mar 2027Put IV premium
Call IV0.41
Put IV0.46
Skew0.06

Contract Tape

Most active contracts

Full contract tape
ContractWLY270319C00025000
SideCall
Expiry19 Mar 2027
Strike25.00
Volume46
OI-
IV0.01
ContractWLY260821C00060000
SideCall
Expiry21 Aug 2026
Strike60.00
Volume23
OI345
IV0.41
ContractWLY260918P00045000
SidePut
Expiry18 Sep 2026
Strike45.00
Volume5
OI2
IV0.53
ContractWLY260918C00055000
SideCall
Expiry18 Sep 2026
Strike55.00
Volume4
OI24
IV0.47
ContractWLY270319P00060000
SidePut
Expiry19 Mar 2027
Strike60.00
Volume2
OI-
IV0.44
ContractWLY270319C00030000
SideCall
Expiry19 Mar 2027
Strike30.00
Volume2
OI-
IV0.01
ContractWLY260821P00055000
SidePut
Expiry21 Aug 2026
Strike55.00
Volume-
OI334
IV0.41
ContractWLY260918C00040000
SideCall
Expiry18 Sep 2026
Strike40.00
Volume-
OI286
IV0.50