Ticker Options Intelligence

IIIV options intelligence

i3 Verticals Inc options pressure, expected move, strike concentration, and Sharemaestro trend context.

Conviction 53 Market data through 3 Aug 2026 Checked 3 Aug 2026 18:02 · complete available chain

Volatility expansion watch

Volatility pressure

IIIV currently carries volatility options pressure with a 53/100 conviction score. The nearest-chain expected move is 44.7%, with volume/open-interest participation at 0.14.

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

Volatility expansion watch

Expected move 44.7%

Wider near-term move priced

Activity / OI 0.14

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 +4.3%

RS -23.5

Expected move 44.7%
Put-call volume 0.03
Volume / OI 0.14
Reference IV 2.01
Max pain 15.00
Underlying 21.06
Nearest expiry 21 Aug 2026
Contracts 19

Research Brief

IIIV has a volatility chain read with 53/100 evidence alignment.

The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 11.65–30.47; The largest call open-interest concentration is 22.50; the largest put concentration is 15.00. The most active strike by current volume is 22.50.

Priced range11.65–30.47
Call concentration22.50
Put concentration15.00
Max pain reference15.00
What would confirm it
  • A clear directional pressure reading develops and price begins to agree.
What would weaken it
  • Volatility falls and the chain remains directionally mixed.
  • 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

Size, not direction · through 21 Aug

Options imply 11.65 to 30.47. Max pain at 15.00 sits inside that range, 28.8% below spot.

Spot Max pain
11.6521.06 ± 9.4130.47
Confirmation level

A close beyond 30.47 or below 11.65 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 53/100

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.

Participation7 × 22%
+1.6

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.

Volatility96 × 10%
+9.6

The intensity of implied volatility and the priced move.

Reconstructed score53.2Matches stored calculation

Positioning by Strike

Where open interest and current activity concentrate

Full strike map

The largest call open-interest concentration is 22.50; the largest put concentration is 15.00. The most active strike by current volume is 22.50. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.

Put open interestStrikeCall open interest
0
2.50-88.1%
1
6
15.00-28.8%
0
1
17.50-16.9%
0
0
20.00-5.0%
1
0
22.506.8%
74
Nearest spot strike Max pain strikeBars show relative OI within this expiry

Gamma Profile by Strike

Positive gamma proxy

Model-estimated Greeks · 100% coverage

Call-side gamma sensitivity outweighs the put-side proxy across the retained chain. The largest bars mark levels where delta-hedging sensitivity may be most concentrated.

Net profile+$4,949Delta change / 1% move
Positive peak22.50+$5,729
Negative peak17.50-$770
Nearest balance20.27Interpolated sign change
StrikeNegativePositiveNet / 1% move
2.50-88.1%
+$0
12.50-40.6%
+$14
15.00-28.8%
-$74
17.50-16.9%
-$770
20.00-5.0%
-$689
22.506.8%
+$5,729
25.0018.7%
+$574
30.0042.5%
+$165
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

Front-loaded volatility

3.78× front/back

Near-term options are materially richer than later expirations, consistent with concentrated event or immediate-risk pricing.

2.01 21 Aug 18d
0.67 18 Sep 46d
0.61 16 Oct 74d
0.53 15 Jan 165d

Volatility by Strike

Balanced wings

Nearest expiry, within 20% of spot

Comparable upside calls and downside puts carry broadly similar implied volatility.

18
20
23
Put IV Call IV

Historical Replay

How matured reads behaved through expiry

0 matured · 0 directional

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
  • Auditable calculationoriginal version retained
  • Independent entryone read per market session
  • Point-in-time referencerequired at entry
  • Matched expiry closereported only after maturity

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

A90/100
Retained chain100%
Implied volatility100%
Two-sided quotes100%
Open interest100%
Chain status
Complete available chain
Market date
3 Aug 2026
Calculation
v2.0
Contracts
19 / 19
  • 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

87/100
Primary intent Earnings/event positioning

Options activity is concentrated around a live event window, so the cleanest read is event positioning rather than pure direction.

Flow vs price divergence Volatility flow versus price

Options are pricing movement more than direction; compare expected move with the stock's actual weekly change.

Why this matters

Earnings/event positioning matters because it connects the options headline to the actual evidence: $14,378 of estimated gross traded notional, calls · 46-90 days · itm, and a volatility flow versus 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+4.3%
Call premium97%
Put premium3%
Notional split C 97% / P 3% Estimated gross traded notional uses volume × contract multiplier × midpoint, or last price when no valid midpoint is available.
Freshness 0.14 Volume divided by open interest across the visible chain.
Trend fit 0/100 Agreement between options pressure and Sharemaestro market context.
Event window 6 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.
Conviction clusters Calls · 46-90 days · ITM
Calls · 46-90 days · ITM calls cluster with 20 contracts traded, $6,100 estimated gross traded notional, and 42% of visible notional.
$6,100
Calls · 91+ days · ITM calls cluster with 10 contracts traded, $3,600 estimated gross traded notional, and 25% of visible notional.
$3,600
Calls · 91+ days · OTM calls cluster with 10 contracts traded, $2,500 estimated gross traded notional, and 17% of visible notional.
$2,500
Calls · 46-90 days · OTM calls cluster with 9 contracts traded, $966 estimated gross traded notional, and 7% of visible notional.
$966
Calls · 8-21 days · OTM calls cluster with 11 contracts traded, $825 estimated gross traded notional, and 6% of visible notional.
$825

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.

Activity Anomaly

Warming up

-

4 of 10 completed market sessions are available. More session history is needed before activity can be compared with a reliable normal.

Baseline: 4 completed sessions

Volume rank-
Volume/OI rank-
IV rank-

Market Context

Underlying confirmation

Sharemaestro weekly
Close21.06
1W+4.3%
RS-23.5
Fair value-10.5%
Options pressure100
Speculation7
Volatility96
Trend fit0

Today Versus Normal

Stored-options context

View history
Expected move 44.7% history building
30d avg - · 4/10 sessions -
90d avg - · 4/30 sessions -
180d avg - · 4/60 sessions -
IV 2.01 history building
30d avg - · 4/10 sessions -
90d avg - · 4/30 sessions -
180d avg - · 4/60 sessions -
Put-call 0.03 history building
30d avg - · 2/10 sessions -
90d avg - · 2/30 sessions -
180d avg - · 2/60 sessions -
Volume/OI 0.14 history building
30d avg - · 4/10 sessions -
90d avg - · 4/30 sessions -
180d avg - · 4/60 sessions -

Pressure Trail

Recent pressure and volatility

Open trail
29 Jul 11:22 Volatility
Pressure 100
Move 16.1%
30 Jul 11:10 Mixed
Pressure 6
Move 12.8%
30 Jul 15:03 Volatility
Pressure 100
Move 56.4%
30 Jul 15:35 Volatility
Pressure 100
Move 55.9%
3 Aug 10:00 Mixed
Pressure 6
Move 12.4%
3 Aug 17:02 Volatility
Pressure 100
Move 44.7%

Strike Map

Where activity is clustering

Full strike map
Strike2.50
Calls · V 0 · OI 1
Puts · V 0 · OI 0
Strike15.00
Calls · V 0 · OI 0
Puts · V 0 · OI 6
Strike17.50
Calls · V 0 · OI 0
Puts · V 0 · OI 1
Strike20.00
Calls · V 0 · OI 1
Puts · V 0 · OI 0
Strike22.50
Calls · V 11 · OI 74
Puts · V 0 · OI 0

Term Structure

Expiration activity

Volume and IV
Expiry21 Aug 2026
Contracts5
Avg IV2.01
Put-call-
Expiry18 Sep 2026
Contracts1
Avg IV0.67
Put-call-
Expiry16 Oct 2026
Contracts9
Avg IV0.61
Put-call0.03
Expiry15 Jan 2027
Contracts4
Avg IV0.53
Put-call0.05

Skew

Call/put IV balance

OTM demand
21 Aug 2026Balanced skew
Call IV0.92
Put IV0.92
Skew-0.01
18 Sep 2026Incomplete skew
Call IV-
Put IV0.67
Skew-
16 Oct 2026Put IV premium
Call IV0.54
Put IV0.62
Skew0.08
15 Jan 2027Balanced skew
Call IV0.52
Put IV0.52
Skew0.00

Contract Tape

Most active contracts

Full contract tape
ContractIIIV261016P00017500
SidePut
Expiry16 Oct 2026
Strike17.50
Volume-
OI37
IV0.70
ContractIIIV261016C00030000
SideCall
Expiry16 Oct 2026
Strike30.00
Volume-
OI10
IV0.91
ContractIIIV260918P00020000
SidePut
Expiry18 Sep 2026
Strike20.00
Volume-
OI10
IV0.67
ContractIIIV260821P00015000
SidePut
Expiry21 Aug 2026
Strike15.00
Volume-
OI6
IV1.38
ContractIIIV261016C00012500
SideCall
Expiry16 Oct 2026
Strike12.50
Volume-
OI2
IV1.33
ContractIIIV260821C00020000
SideCall
Expiry21 Aug 2026
Strike20.00
Volume-
OI1
IV0.92
ContractIIIV260821P00017500
SidePut
Expiry21 Aug 2026
Strike17.50
Volume-
OI1
IV0.92
ContractIIIV270115C00025000
SideCall
Expiry15 Jan 2027
Strike25.00
Volume-
OI1
IV0.56