Ticker Options Intelligence

SDGR options intelligence

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

Conviction 50 Market data through 30 Jul 2026 Checked 31 Jul 2026 11:41 · complete available chain

Volatility expansion watch

Volatility pressure

SDGR currently carries volatility options pressure with a 50/100 conviction score. The nearest-chain expected move is 17.2%, with volume/open-interest participation at 0.01.

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

Volatility expansion watch

Expected move 17.2%

Wider near-term move priced

Activity / OI 0.01

Current volume is quieter versus prior open interest

Put-call 0.28

Call-side skew

Trend fit 35

Options are not fully confirming trend

Weekly backdrop +1.1%

RS -14.0

Expected move 17.2%
Put-call volume 0.28
Volume / OI 0.01
Reference IV 0.76
Max pain 15.00
Underlying 14.97
Nearest expiry 21 Aug 2026
Contracts 128

Research Brief

SDGR has a volatility 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 12.40–17.54; The largest call open-interest concentration is 20.00; the largest put concentration is 12.50. The most active strike by current volume is 17.50.

Priced range12.40–17.54
Call concentration20.00
Put concentration12.50
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 12.40 to 17.54. Max pain at 15.00 sits inside that range, 0.2% above spot.

Spot Max pain
12.4014.97 ± 2.5717.54
Confirmation level

A close beyond 17.54 or below 12.40 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 62/100 toward calls; conviction uses its strength, while the signal label carries its direction.

Directional pressure62 × 42%
+25.8

How strongly activity leans toward calls or puts.

Participation24 × 22%
+5.4

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

Trend agreement35 × 26%
+9.1

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

Volatility94 × 10%
+9.4

The intensity of implied volatility and the priced move.

Reconstructed score49.7Matches stored calculation

Positioning by Strike

Where open interest and current activity concentrate

Full strike map

The largest call open-interest concentration is 20.00; the largest put concentration is 12.50. The most active strike by current volume is 17.50. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.

Put open interestStrikeCall open interest
0
2.50-83.3%
0
6
5.00-66.6%
0
2
7.50-49.9%
0
11
10.00-33.2%
0
613
12.50-16.5%
4
235
15.000.2%
62
29
17.5016.9%
371
12
20.0033.6%
878
24
22.5050.3%
90
0
25.0067.0%
27
0
27.5083.7%
1
0
30.00100.4%
0
Nearest spot strike Max pain strikeBars show relative OI within this expiry

Volatility Curve

Front-loaded volatility

1.13× front/back

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

0.76 21 Aug 22d
0.59 18 Sep 50d
0.66 20 Nov 113d
0.61 18 Dec 141d
0.67 19 Mar 232d

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.

13
15
18
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

Usable with limits

C69/100
Retained chain100%
Implied volatility100%
Two-sided quotes100%
Open interest100%
Chain status
Complete available chain
Market date
30 Jul 2026
Calculation
v2.0
Contracts
128 / 128
  • 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

88/100
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: $32248 of estimated gross traded notional, puts · 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+62
1W price+1.1%
Call premium38%
Put premium62%
Notional split C 38% / P 62% Estimated gross traded notional uses volume × contract multiplier × midpoint, or last price when no valid midpoint is available.
Freshness 0.01 Volume divided by open interest across the visible chain.
Trend fit 35/100 Agreement between options pressure and Sharemaestro market context.
Event window 5 Aug Matched earnings event is 4 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 Puts · 46-90 days · ITM
Puts · 46-90 days · ITM puts cluster with 12 contracts traded, $8880 estimated gross traded notional, and 28% of visible notional.
$8880
Puts · 8-21 days · ITM puts cluster with 12 contracts traded, $8580 estimated gross traded notional, and 27% of visible notional.
$8580
Calls · 46-90 days · OTM calls cluster with 61 contracts traded, $3682 estimated gross traded notional, and 11% of visible notional.
$3682
Calls · 91+ days · OTM calls cluster with 27 contracts traded, $2848 estimated gross traded notional, and 9% of visible notional.
$2848
Calls · 8-21 days · OTM calls cluster with 70 contracts traded, $2660 estimated gross traded notional, and 8% of visible notional.
$2660

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.

Warning Crowded strike risk

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

Sharemaestro weekly
Close15.14
1W+1.1%
RS-14.0
Fair value-29.6%
Options pressure62
Speculation24
Volatility94
Trend fit35

Today Versus Normal

Stored-options context

View history
Expected move 17.2% history building
30d avg - · 2/10 sessions -
90d avg - · 2/30 sessions -
180d avg - · 2/60 sessions -
IV 0.76 history building
30d avg - · 2/10 sessions -
90d avg - · 2/30 sessions -
180d avg - · 2/60 sessions -
Put-call 0.28 history building
30d avg - · 2/10 sessions -
90d avg - · 2/30 sessions -
180d avg - · 2/60 sessions -
Volume/OI 0.01 history building
30d avg - · 2/10 sessions -
90d avg - · 2/30 sessions -
180d avg - · 2/60 sessions -

Pressure Trail

Recent pressure and volatility

Open trail
29 Jul 11:12 Volatility
Pressure 52
Move 14.9%
30 Jul 10:59 Volatility
Pressure 70
Move 15.0%
31 Jul 10:41 Volatility
Pressure 62
Move 17.2%

Strike Map

Where activity is clustering

Full strike map
Strike2.50
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike5.00
Calls · V 0 · OI 0
Puts · V 0 · OI 6
Strike7.50
Calls · V 0 · OI 0
Puts · V 0 · OI 2
Strike10.00
Calls · V 0 · OI 0
Puts · V 0 · OI 11
Strike12.50
Calls · V 0 · OI 4
Puts · V 12 · OI 613
Strike15.00
Calls · V 0 · OI 62
Puts · V 1 · OI 235
Strike17.50
Calls · V 52 · OI 371
Puts · V 0 · OI 29
Strike20.00
Calls · V 18 · OI 878
Puts · V 0 · OI 12

Term Structure

Expiration activity

Volume and IV
Expiry21 Aug 2026
Contracts24
Avg IV0.76
Put-call0.36
Expiry18 Sep 2026
Contracts24
Avg IV0.59
Put-call0.20
Expiry20 Nov 2026
Contracts32
Avg IV0.66
Put-call-
Expiry18 Dec 2026
Contracts26
Avg IV0.61
Put-call0.67
Expiry19 Mar 2027
Contracts22
Avg IV0.67
Put-call-

Skew

Call/put IV balance

OTM demand
21 Aug 2026Put IV premium
Call IV0.75
Put IV0.86
Skew0.12
18 Sep 2026Call IV premium
Call IV0.67
Put IV0.56
Skew-0.11
20 Nov 2026Balanced skew
Call IV0.72
Put IV0.68
Skew-0.04
18 Dec 2026Call IV premium
Call IV0.69
Put IV0.62
Skew-0.07
19 Mar 2027Call IV premium
Call IV0.81
Put IV0.70
Skew-0.11

Contract Tape

Most active contracts

Full contract tape
ContractSDGR260821C00017500
SideCall
Expiry21 Aug 2026
Strike17.50
Volume52
OI371
IV0.75
ContractSDGR260918C00020000
SideCall
Expiry18 Sep 2026
Strike20.00
Volume41
OI282
IV0.67
ContractSDGR260918C00017500
SideCall
Expiry18 Sep 2026
Strike17.50
Volume20
OI364
IV0.85
ContractSDGR260821C00020000
SideCall
Expiry21 Aug 2026
Strike20.00
Volume18
OI878
IV0.93
ContractSDGR260821P00012500
SidePut
Expiry21 Aug 2026
Strike12.50
Volume12
OI613
IV0.86
ContractSDGR260821P00022500
SidePut
Expiry21 Aug 2026
Strike22.50
Volume12
OI24
IV0.84
ContractSDGR260918P00022500
SidePut
Expiry18 Sep 2026
Strike22.50
Volume12
OI4
IV0.87
ContractSDGR261120C00020000
SideCall
Expiry20 Nov 2026
Strike20.00
Volume11
OI963
IV0.69