Primary read
Bullish
Call-side pressure
Ticker Options Intelligence
OSCG options intelligence
Leverage Shares 2X Long OSCR Daily ETF options pressure, expected move, strike concentration, and Sharemaestro trend context.
Conviction
43
Market data through 31 Jul 2026
Checked 1 Aug 2026 19:42 · complete available chain
Call-side pressure
Bullish pressure
OSCG currently carries bullish options pressure with a 43/100 conviction score. The nearest-chain expected move is 16.5%, with volume/open-interest participation at 0.27.
Expected move
16.5%
Wider near-term move priced
Activity / OI
0.27
Current volume is quieter versus prior open interest
Put-call
0.63
Call-side skew
Trend fit
80
Options agree with trend context
Weekly backdrop
+23.2%
Sharemaestro weekly context
Expected move
16.5%
Put-call volume
0.63
Volume / OI
0.27
Reference IV
0.20
Max pain
26.00
Underlying
30.91
Nearest expiry
21 Aug 2026
Contracts
43
Research Brief
OSCG has a bullish chain read with 43/100 evidence alignment.
The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 25.81–36.01; The largest call open-interest concentration is 30.00; the largest put concentration is 26.00. The most active strike by current volume is 30.00.
Priced range25.81–36.01
Call concentration30.00
Put concentration26.00
Max pain reference26.00
- Price holds or improves while call-side concentration remains elevated.
- The current chain read already agrees with the stored weekly trend context.
- Price weakens while call pressure fades or reverses toward puts.
- 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 25.81 to 36.01. Max pain at 26.00 sits inside that range, 15.9% below spot.
Spot
Max pain
25.8130.91 ± 5.1036.01
Confirmation level
A close beyond 36.01 or below 25.81 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 43/100
Pressure is 33/100 toward calls; conviction uses its strength, while the signal label carries its direction.
Directional pressure33 × 42%
+13.8
How strongly activity leans toward calls or puts.
Participation14 × 22%
+3.1
Volume relative to existing open interest and contract-level activity.
Trend agreement80 × 26%
+20.9
How closely the chain read agrees with the underlying trend backdrop.
Volatility54 × 10%
+5.4
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 30.00; the largest put concentration is 26.00. The most active strike by current volume is 30.00. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.
Put open interestStrikeCall open interest
1
22.00-28.8%
0
1
24.00-22.3%
0
1
25.00-19.1%
0
2
26.00-15.9%
0
0
30.00-2.9%
4
0
40.0029.4%
2
0
45.0045.6%
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.
0.20
21 Aug
21d
0.04
18 Sep
49d
0.07
18 Dec
140d
0.02
19 Mar
231d
Volatility by Strike
Smile incomplete
There is not enough comparable OTM call and put volatility to classify the smile.
25
26
30
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
High
Retained chain100%
Implied volatility100%
Two-sided quotes95%
Open interest100%
- Chain status
- Complete available chain
- Market date
- 31 Jul 2026
- Calculation
- v2.0
- Contracts
- 43 / 43
- 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
Call-heavy activity with trend alignment
Call concentration and the underlying trend align, but aggregate volume cannot establish whether calls were bought or sold.
Options pressure and weekly price action are pointing in the same constructive direction.
Call-heavy activity with trend alignment matters because it connects the options headline to the actual evidence: $16708 of estimated gross traded notional, calls · 91+ days · itm, and a bullish flow confirms price backdrop. Use it as a research priority signal, then validate the chart, liquidity, event calendar, and risk before acting.
Options pressure+33
1W price+23.2%
Call premium73%
Put premium27%
Notional split
C 73% / P 27%
Estimated gross traded notional uses volume × contract multiplier × midpoint, or last price when no valid midpoint is available.
Freshness
0.27
Volume divided by open interest across the visible chain.
Trend fit
80/100
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.
Calls · 91+ days · ITM
calls cluster with 10 contracts traded, $8130 estimated gross traded notional, and 49% of visible notional.
$8130
Calls · 46-90 days · ITM
calls cluster with 3 contracts traded, $2968 estimated gross traded notional, and 18% of visible notional.
$2968
Puts · 8-21 days · ITM
puts cluster with 1 contracts traded, $1870 estimated gross traded notional, and 11% of visible notional.
$1870
Puts · 46-90 days · OTM
puts cluster with 6 contracts traded, $1628 estimated gross traded notional, and 10% of visible notional.
$1628
Calls · 8-21 days · ITM
calls cluster with 3 contracts traded, $690 estimated gross traded notional, and 4% of visible notional.
$690
Setup Classification
Opportunity and risk frame
Positioning agrees with the Sharemaestro trend backdrop.
Expected move or upcoming earnings makes the setup more event-sensitive.
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
Close30.91
1W+23.2%
RS-
Fair value+114.4%
Options pressure33
Speculation14
Volatility54
Trend fit80
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 12:53
Bullish
Pressure 44
Move 4.4%
31 Jul 19:02
Bullish
Pressure 33
Move 20.3%
1 Aug 18:42
Bullish
Pressure 33
Move 16.5%
Strike Map
Where activity is clustering
Strike22.00
Calls · V 0 · OI 0
Puts · V 0 · OI 1
Strike24.00
Calls · V 1 · OI 0
Puts · V 0 · OI 1
Strike25.00
Calls · V 0 · OI 0
Puts · V 0 · OI 1
Strike26.00
Calls · V 0 · OI 0
Puts · V 0 · OI 2
Strike30.00
Calls · V 2 · OI 4
Puts · V 0 · OI 0
Strike40.00
Calls · V 0 · OI 2
Puts · V 0 · OI 0
Strike45.00
Calls · V 0 · OI 1
Puts · V 1 · OI 0
Term Structure
Expiration activity
Expiry21 Aug 2026
Contracts9
Avg IV0.20
Put-call0.33
Expiry18 Sep 2026
Contracts15
Avg IV0.04
Put-call1.40
Expiry18 Dec 2026
Contracts15
Avg IV0.07
Put-call0.40
Expiry19 Mar 2027
Contracts4
Avg IV0.02
Put-call-
Skew
Call/put IV balance
21 Aug 2026Call IV premium
Call IV0.25
Put IV0.13
Skew-0.12
18 Sep 2026Balanced skew
Call IV0.06
Put IV0.02
Skew-0.05
18 Dec 2026Put IV premium
Call IV0.06
Put IV0.25
Skew0.19
19 Mar 2027Incomplete skew
Call IV-
Put IV0.06
Skew-
Contract Tape
Most active contracts
ContractOSCG261218C00040000
SideCall
Expiry18 Dec 2026
Strike40.00
Volume-
OI12
IV0.13
ContractOSCG270319P00026000
SidePut
Expiry19 Mar 2027
Strike26.00
Volume-
OI2
IV0.06
ContractOSCG260821P00026000
SidePut
Expiry21 Aug 2026
Strike26.00
Volume-
OI2
IV0.13
ContractOSCG260821C00040000
SideCall
Expiry21 Aug 2026
Strike40.00
Volume-
OI2
IV0.25
ContractOSCG260821P00024000
SidePut
Expiry21 Aug 2026
Strike24.00
Volume-
OI1
IV0.25
ContractOSCG260821P00025000
SidePut
Expiry21 Aug 2026
Strike25.00
Volume-
OI1
IV0.25
ContractOSCG260918P00025000
SidePut
Expiry18 Sep 2026
Strike25.00
Volume-
OI1
IV0.13
ContractOSCG260821P00022000
SidePut
Expiry21 Aug 2026
Strike22.00
Volume-
OI1
IV0.25
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
No upcoming matched earnings event.
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.