Primary read
Bullish
Call-side pressure
Ticker Options Intelligence
GOLD options intelligence
Gold.com, Inc. options pressure, expected move, strike concentration, and Sharemaestro trend context.
Conviction
56
Market data through 4 Aug 2026
Checked 5 Aug 2026 11:21 · complete available chain
Call-side pressure
Bullish pressure
GOLD currently carries bullish options pressure with a 56/100 conviction score. The nearest-chain expected move is 9.6%, with volume/open-interest participation at 0.10.
Expected move
9.6%
Wider near-term move priced
Activity / OI
0.10
Current volume is quieter versus prior open interest
Put-call
0.05
Call-side skew
Trend fit
1
Options are not fully confirming trend
Weekly backdrop
+5.1%
Sharemaestro weekly context
Expected move
9.6%
Put-call volume
0.05
Volume / OI
0.10
Reference IV
0.45
Max pain
40.00
Underlying
41.36
Nearest expiry
21 Aug 2026
Contracts
172
Research Brief
GOLD has a bullish chain read with 56/100 evidence alignment.
The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 37.41–45.31; The largest call open-interest concentration is 45.00; the largest put concentration is 35.00. The most active strike by current volume is 50.00.
Priced range37.41–45.31
Call concentration45.00
Put concentration35.00
Max pain reference40.00
- 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 37.41 to 45.31. Max pain at 40.00 sits inside that range, 3.3% below spot.
Spot
Max pain
37.4141.36 ± 3.9545.31
Confirmation level
A close beyond 45.31 or below 37.41 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 56/100
Pressure is 99/100 toward calls; conviction uses its strength, while the signal label carries its direction.
Directional pressure99 × 42%
+41.8
How strongly activity leans toward calls or puts.
Participation34 × 22%
+7.4
Volume relative to existing open interest and contract-level activity.
Trend agreement1 × 26%
+0.1
How closely the chain read agrees with the underlying trend backdrop.
Volatility70 × 10%
+7.0
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 45.00; the largest put concentration is 35.00. The most active strike by current volume is 50.00. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.
Put open interestStrikeCall open interest
1
22.50-45.6%
0
4
25.00-39.6%
0
11
30.00-27.5%
0
196
35.00-15.4%
101
133
40.00-3.3%
343
26
45.008.8%
786
23
50.0020.9%
151
0
55.0033.0%
30
1
60.0045.1%
51
0
65.0057.2%
1
Nearest spot strike Max pain strikeBars show relative OI within this expiry
Gamma Profile by Strike
Positive gamma proxy
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+$293,008Delta change / 1% move
Positive peak45.00+$146,937
Negative peak30.00-$2,148
Nearest balance31.09Interpolated sign change
StrikeNegativePositiveNet / 1% move
20.00-51.6%
+$60
22.50-45.6%
+$6
25.00-39.6%
+$426
30.00-27.5%
-$2,148
35.00-15.4%
+$7,696
40.00-3.3%
+$42,471
45.008.8%
+$146,937
50.0020.9%
+$2,653
55.0033.0%
+$65,500
60.0045.1%
+$23,786
65.0057.2%
+$1,742
70.0069.2%
+$2,655
75.0081.3%
+$550
80.0093.4%
+$381
85.00105.5%
+$223
90.00117.6%
+$31
95.00129.7%
+$32
100.00141.8%
+$6
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
Back-loaded volatility
Longer-dated options carry more implied volatility than the front expiry, so risk is priced farther out.
0.45
21 Aug
17d
0.55
18 Sep
45d
0.56
18 Dec
136d
0.56
15 Jan
164d
0.57
19 Mar
227d
0.56
17 Jun
317d
0.56
21 Jan
535d
Volatility by Strike
Upside optionality premium
Out-of-the-money calls carry higher implied volatility than comparable puts, indicating richer upside optionality.
35
40
45
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
- 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
Usable with limits
Retained chain100%
Implied volatility100%
Two-sided quotes100%
Open interest100%
- Chain status
- Complete available chain
- Market date
- 4 Aug 2026
- Calculation
- v2.0
- Contracts
- 172 / 172
- 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
Short-dated OTM call concentration
Call activity is concentrated in upside and shorter-dated contracts; trade direction remains unconfirmed without aggressor data.
Options pressure and weekly price action are pointing in the same constructive direction.
Short-dated OTM call concentration matters because it connects the options headline to the actual evidence: $211,122 of estimated gross traded notional, calls · 22-45 days · otm, 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+99
1W price+5.1%
Call premium91%
Put premium9%
Notional split
C 91% / P 9%
Estimated gross traded notional uses volume × contract multiplier × midpoint, or last price when no valid midpoint is available.
Freshness
0.10
Volume divided by open interest across the visible chain.
Trend fit
1/100
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 · 22-45 days · OTM
calls cluster with 278 contracts traded, $47,095 estimated gross traded notional, and 22% of visible notional.
$47,095
Calls · 91+ days · OTM
calls cluster with 98 contracts traded, $46,715 estimated gross traded notional, and 22% of visible notional.
$46,715
Calls · 8-21 days · ITM
calls cluster with 118 contracts traded, $40,020 estimated gross traded notional, and 19% of visible notional.
$40,020
Calls · 8-21 days · OTM
calls cluster with 515 contracts traded, $30,512 estimated gross traded notional, and 14% of visible notional.
$30,512
Calls · 22-45 days · ITM
calls cluster with 50 contracts traded, $24,250 estimated gross traded notional, and 11% of visible notional.
$24,250
Setup Classification
Opportunity and risk frame
The tape is pricing or displaying unusually elevated activity.
Expected move or upcoming earnings makes the setup more event-sensitive.
Options positioning is not confirming the underlying trend context.
Activity Anomaly
Warming up
5 of 10 completed market sessions are available. More session history is needed before activity can be compared with a reliable normal.
Baseline: 5 completed sessions
Volume rank-
Volume/OI rank-
IV rank-
Market Context
Underlying confirmation
Close41.36
1W+5.1%
RS-
Fair value-4.2%
Options pressure99
Speculation34
Volatility70
Trend fit1
Today Versus Normal
Stored-options context
30d avg - · 5/10 sessions
-
90d avg - · 5/30 sessions
-
180d avg - · 5/60 sessions
-
30d avg - · 5/10 sessions
-
90d avg - · 5/30 sessions
-
180d avg - · 5/60 sessions
-
30d avg - · 5/10 sessions
-
90d avg - · 5/30 sessions
-
180d avg - · 5/60 sessions
-
30d avg - · 5/10 sessions
-
90d avg - · 5/30 sessions
-
180d avg - · 5/60 sessions
-
Pressure Trail
Recent pressure and volatility
29 Jul 11:10
Bullish
Pressure 46
Move 11.6%
30 Jul 10:56
Volatility
Pressure 100
Move 10.9%
31 Jul 10:40
Bullish
Pressure 98
Move 10.9%
3 Aug 10:23
Bullish
Pressure 98
Move 9.9%
3 Aug 14:53
Volatility
Pressure -93
Move 10.6%
5 Aug 10:21
Bullish
Pressure 99
Move 9.6%
Strike Map
Where activity is clustering
Strike22.50
Calls · V 0 · OI 0
Puts · V 0 · OI 1
Strike25.00
Calls · V 0 · OI 0
Puts · V 0 · OI 4
Strike30.00
Calls · V 0 · OI 0
Puts · V 0 · OI 11
Strike35.00
Calls · V 1 · OI 101
Puts · V 5 · OI 196
Strike40.00
Calls · V 117 · OI 343
Puts · V 7 · OI 133
Strike45.00
Calls · V 245 · OI 786
Puts · V 5 · OI 26
Strike50.00
Calls · V 270 · OI 151
Puts · V 0 · OI 23
Strike55.00
Calls · V 0 · OI 30
Puts · V 0 · OI 0
Term Structure
Expiration activity
Expiry21 Aug 2026
Contracts20
Avg IV0.45
Put-call0.03
Expiry18 Sep 2026
Contracts36
Avg IV0.55
Put-call0.07
Expiry18 Dec 2026
Contracts24
Avg IV0.56
Put-call0.08
Expiry15 Jan 2027
Contracts24
Avg IV0.56
Put-call0.50
Expiry19 Mar 2027
Contracts24
Avg IV0.57
Put-call-
Skew
Call/put IV balance
21 Aug 2026Call IV premium
Call IV0.51
Put IV0.45
Skew-0.06
18 Sep 2026Call IV premium
Call IV0.60
Put IV0.47
Skew-0.13
18 Dec 2026Balanced skew
Call IV0.54
Put IV0.58
Skew0.04
15 Jan 2027Balanced skew
Call IV0.57
Put IV0.56
Skew-0.01
19 Mar 2027Balanced skew
Call IV0.54
Put IV0.58
Skew0.04
Contract Tape
Most active contracts
ContractGOLD260821C00050000
SideCall
Expiry21 Aug 2026
Strike50.00
Volume270
OI151
IV0.31
ContractGOLD260821C00045000
SideCall
Expiry21 Aug 2026
Strike45.00
Volume245
OI786
IV0.51
ContractGOLD260918C00045000
SideCall
Expiry18 Sep 2026
Strike45.00
Volume137
OI639
IV0.50
ContractGOLD260918C00050000
SideCall
Expiry18 Sep 2026
Strike50.00
Volume132
OI497
IV0.60
ContractGOLD260821C00040000
SideCall
Expiry21 Aug 2026
Strike40.00
Volume117
OI343
IV0.45
ContractGOLD261218C00045000
SideCall
Expiry18 Dec 2026
Strike45.00
Volume82
OI21
IV0.55
ContractGOLD260918C00040000
SideCall
Expiry18 Sep 2026
Strike40.00
Volume50
OI397
IV0.56
ContractGOLD260918P00035000
SidePut
Expiry18 Sep 2026
Strike35.00
Volume8
OI128
IV0.59
Research Graph
Related research and context
Sharemaestro research
Related News
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Earnings
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.