Primary read
Bullish
Call-side pressure
Ticker Options Intelligence
FTV options intelligence
Fortive Corp options pressure, expected move, strike concentration, and Sharemaestro trend context.
Conviction
46
Market data through 30 Jul 2026
Checked 31 Jul 2026 11:06 · complete available chain
Call-side pressure
Bullish pressure
FTV currently carries bullish options pressure with a 46/100 conviction score. The nearest-chain expected move is 5.5%, with volume/open-interest participation at 0.02.
Expected move
5.5%
Near-term move context
Activity / OI
0.02
Current volume is quieter versus prior open interest
Put-call
0.08
Call-side skew
Trend fit
12
Options are not fully confirming trend
Weekly backdrop
+0.9%
RS 5.3
Expected move
5.5%
Put-call volume
0.08
Volume / OI
0.02
Reference IV
0.30
Max pain
60.00
Underlying
62.31
Nearest expiry
21 Aug 2026
Contracts
124
Research Brief
FTV has a bullish chain read with 46/100 evidence alignment.
The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 58.86–65.76; The largest call open-interest concentration is 65.00; the largest put concentration is 60.00. The most active strike by current volume is 65.00.
Priced range58.86–65.76
Call concentration65.00
Put concentration60.00
Max pain reference60.00
- 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.
Priced Move
Where the chain says movement becomes exceptional
Options imply 58.86 to 65.76. Max pain at 60.00 sits inside that range, 3.7% below spot.
Spot
Max pain
58.8662.31 ± 3.4565.76
Confirmation level
A close beyond 65.76 or below 58.86 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 46/100
Pressure is 83/100 toward calls; conviction uses its strength, while the signal label carries its direction.
Directional pressure83 × 42%
+34.9
How strongly activity leans toward calls or puts.
Participation16 × 22%
+3.6
Volume relative to existing open interest and contract-level activity.
Trend agreement12 × 26%
+3.1
How closely the chain read agrees with the underlying trend backdrop.
Volatility43 × 10%
+4.3
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 65.00; the largest put concentration is 60.00. The most active strike by current volume is 65.00. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.
Put open interestStrikeCall open interest
0
30.00-51.9%
0
0
35.00-43.8%
0
0
40.00-35.8%
0
2
45.00-27.8%
0
0
50.00-19.8%
0
22
55.00-11.7%
0
48
60.00-3.7%
2
0
65.004.3%
421
0
70.0012.3%
254
0
75.0020.4%
1
0
80.0028.4%
14
0
85.0036.4%
0
0
90.0044.4%
1
Nearest spot strike Max pain strikeBars show relative OI within this expiry
Volatility Curve
Balanced volatility curve
Near- and longer-dated implied volatility are broadly aligned; no exceptional front-expiry premium is visible.
0.30
21 Aug
22d
0.27
18 Sep
50d
0.27
20 Nov
113d
0.26
18 Dec
141d
0.27
19 Mar
232d
Volatility by Strike
Balanced wings
Comparable upside calls and downside puts carry broadly similar implied volatility.
50
55
60
65
70
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
Usable with limits
Retained chain100%
Implied volatility100%
Two-sided quotes100%
Open interest100%
- Chain status
- Complete available chain
- Market date
- 30 Jul 2026
- Calculation
- v2.0
- Contracts
- 124 / 124
- 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 activity against legacy put OI
Call activity is dominant while put open interest remains large but current put volume is not leading.
Call-side pressure is building before a meaningful weekly price response.
Call activity against legacy put OI matters because it connects the options headline to the actual evidence: $20428 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+83
1W price+0.9%
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
0.02
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.
Do not infer a hedge unwind without next-session open-interest changes and opening/closing data.
Calls · 91+ days · ITM
calls cluster with 51 contracts traded, $18615 estimated gross traded notional, and 91% of visible notional.
$18615
Calls · 8-21 days · ITM
calls cluster with 5 contracts traded, $908 estimated gross traded notional, and 4% of visible notional.
$908
Puts · 46-90 days · OTM
puts cluster with 5 contracts traded, $665 estimated gross traded notional, and 3% of visible notional.
$665
Calls · 46-90 days · OTM
calls cluster with 3 contracts traded, $135 estimated gross traded notional, and 1% of visible notional.
$135
Calls · 8-21 days · OTM
calls cluster with 7 contracts traded, $105 estimated gross traded notional, and 1% of visible notional.
$105
Setup Classification
Opportunity and risk frame
Options positioning is not confirming the underlying trend context.
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
Close62.31
1W+0.9%
RS5.3
Fair value+12.3%
Options pressure83
Speculation16
Volatility43
Trend fit12
Today Versus Normal
Stored-options context
30d avg - · 2/10 sessions
-
90d avg - · 2/30 sessions
-
180d avg - · 2/60 sessions
-
30d avg - · 2/10 sessions
-
90d avg - · 2/30 sessions
-
180d avg - · 2/60 sessions
-
30d avg - · 2/10 sessions
-
90d avg - · 2/30 sessions
-
180d avg - · 2/60 sessions
-
30d avg - · 2/10 sessions
-
90d avg - · 2/30 sessions
-
180d avg - · 2/60 sessions
-
Pressure Trail
Recent pressure and volatility
29 Jul 10:20
Bullish
Pressure 34
Move 11.7%
30 Jul 10:14
Bullish
Pressure 65
Move 6.2%
31 Jul 10:06
Bullish
Pressure 83
Move 5.5%
Strike Map
Where activity is clustering
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 0
Puts · V 0 · OI 0
Strike55.00
Calls · V 1 · OI 0
Puts · V 0 · OI 22
Strike60.00
Calls · V 4 · OI 2
Puts · V 0 · OI 48
Strike65.00
Calls · V 7 · OI 421
Puts · V 0 · OI 0
Term Structure
Expiration activity
Expiry21 Aug 2026
Contracts26
Avg IV0.30
Put-call-
Expiry18 Sep 2026
Contracts22
Avg IV0.27
Put-call1.67
Expiry20 Nov 2026
Contracts26
Avg IV0.27
Put-call-
Expiry18 Dec 2026
Contracts26
Avg IV0.26
Put-call-
Expiry19 Mar 2027
Contracts24
Avg IV0.27
Put-call-
Skew
Call/put IV balance
21 Aug 2026Call IV premium
Call IV0.18
Put IV0.12
Skew-0.06
18 Sep 2026Balanced skew
Call IV0.26
Put IV0.28
Skew0.02
20 Nov 2026Balanced skew
Call IV0.29
Put IV0.29
Skew-
18 Dec 2026Put IV premium
Call IV0.26
Put IV0.32
Skew0.06
19 Mar 2027Put IV premium
Call IV0.28
Put IV0.34
Skew0.06
Contract Tape
Most active contracts
ContractFTV261218C00060000
SideCall
Expiry18 Dec 2026
Strike60.00
Volume51
OI272
IV0.27
ContractFTV260821C00065000
SideCall
Expiry21 Aug 2026
Strike65.00
Volume7
OI421
IV0.18
ContractFTV260821C00060000
SideCall
Expiry21 Aug 2026
Strike60.00
Volume4
OI2
IV0.31
ContractFTV260918C00065000
SideCall
Expiry18 Sep 2026
Strike65.00
Volume3
OI238
IV0.26
ContractFTV260918P00045000
SidePut
Expiry18 Sep 2026
Strike45.00
Volume3
OI59
IV0.42
ContractFTV260918P00060000
SidePut
Expiry18 Sep 2026
Strike60.00
Volume2
OI15
IV0.28
ContractFTV260821C00055000
SideCall
Expiry21 Aug 2026
Strike55.00
Volume1
OI-
IV0.38
ContractFTV260918P00050000
SidePut
Expiry18 Sep 2026
Strike50.00
Volume-
OI1499
IV0.35
Research Graph
Related research and context
Sharemaestro research
Related News
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.