Primary read
Mixed
Options-market disagreement
Ticker Options Intelligence
OSW options intelligence
OneSpaWorld Holdings Ltd options pressure, expected move, strike concentration, and Sharemaestro trend context.
Conviction
36
Market data through 31 Jul 2026
Checked 2 Aug 2026 13:55 · complete available chain
Options-market disagreement
Mixed pressure
OSW currently carries mixed options pressure with a 36/100 conviction score. The nearest-chain expected move is 8.5%, with volume/open-interest participation at 0.00.
Expected move
8.5%
Wider near-term move priced
Activity / OI
0.00
Current volume is quieter versus prior open interest
Put-call
-
Balanced tape
Trend fit
95
Options agree with trend context
Weekly backdrop
-2.0%
RS 4.6
Expected move
8.5%
Put-call volume
-
Volume / OI
-
Reference IV
0.36
Max pain
25.00
Underlying
25.76
Nearest expiry
21 Aug 2026
Contracts
58
Research Brief
OSW has a mixed chain read with 36/100 evidence alignment.
The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 23.56–27.96; The largest call open-interest concentration is 30.00; the largest put concentration is 25.00. The most active strike by current volume is 15.00.
Priced range23.56–27.96
Call concentration30.00
Put concentration25.00
Max pain reference25.00
- A clear directional pressure reading develops and price begins to agree.
- The current chain read already agrees with the stored weekly trend context.
- Volatility falls and the chain remains directionally mixed.
- 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 23.56 to 27.96. Max pain at 25.00 sits inside that range, 3.0% below spot.
Spot
Max pain
23.5625.76 ± 2.2027.96
Confirmation level
A close beyond 27.96 or below 23.56 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 36/100
Pressure is 12/100 toward puts; conviction uses its strength, while the signal label carries its direction.
Directional pressure12 × 42%
+5.0
How strongly activity leans toward calls or puts.
Participation0 × 22%
+0.0
Volume relative to existing open interest and contract-level activity.
Trend agreement95 × 26%
+24.8
How closely the chain read agrees with the underlying trend backdrop.
Volatility59 × 10%
+5.9
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 25.00. The most active strike by current volume is 15.00. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.
Put open interestStrikeCall open interest
0
15.00-41.8%
0
0
17.50-32.1%
0
0
20.00-22.4%
0
0
22.50-12.7%
0
13
25.00-3.0%
3
0
30.0016.5%
6
0
35.0035.9%
0
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.
0.36
21 Aug
21d
0.32
18 Sep
49d
0.32
18 Dec
140d
0.27
19 Mar
231d
Volatility by Strike
Balanced wings
Comparable upside calls and downside puts carry broadly similar implied volatility.
23
25
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 quotes100%
Open interest100%
- Chain status
- Complete available chain
- Market date
- 31 Jul 2026
- Calculation
- v2.0
- Contracts
- 58 / 58
- 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
Likely noise
Visible options activity is too thin or mixed to support a strong intent classification.
The options read is mixed, so divergence is not strong enough to classify.
Likely noise matters because it connects the options headline to the actual evidence: $0 of estimated gross traded notional, no dominant cluster, and a no clean flow/price divergence backdrop. Use it as a research priority signal, then validate the chart, liquidity, event calendar, and risk before acting.
Options pressure-12
1W price-2.0%
Call premium0%
Put premium0%
Notional split
C 0% / P 0%
Estimated gross traded notional uses volume × contract multiplier × midpoint, or last price when no valid midpoint is available.
Freshness
0.00
Volume divided by open interest across the visible chain.
Trend fit
95/100
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.
No high-conviction option cluster is visible in this snapshot.
Setup Classification
Opportunity and risk frame
Positioning agrees with the Sharemaestro trend backdrop.
The tape is pricing or displaying unusually elevated activity.
Expected move or upcoming earnings makes the setup more event-sensitive.
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
Close25.76
1W-2.0%
RS4.6
Fair value+43.3%
Options pressure-12
Speculation0
Volatility59
Trend fit95
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 - · 2/10 sessions
-
90d avg - · 2/30 sessions
-
180d avg - · 2/60 sessions
-
30d avg - · 3/10 sessions
-
90d avg - · 3/30 sessions
-
180d avg - · 3/60 sessions
-
Pressure Trail
Recent pressure and volatility
29 Jul 10:58
Bearish
Pressure -45
Move 13.4%
30 Jul 13:24
Mixed
Pressure -12
Move 10.1%
31 Jul 12:34
Mixed
Pressure -12
Move 10.4%
31 Jul 15:28
Bullish
Pressure 29
Move 6.9%
1 Aug 09:44
Mixed
Pressure -12
Move 8.5%
2 Aug 06:38
Bullish
Pressure 29
Move 8.0%
2 Aug 12:55
Mixed
Pressure -12
Move 8.5%
Strike Map
Where activity is clustering
Strike15.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike17.50
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike20.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike22.50
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike25.00
Calls · V 0 · OI 3
Puts · V 0 · OI 13
Strike30.00
Calls · V 0 · OI 6
Puts · V 0 · OI 0
Strike35.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Term Structure
Expiration activity
Expiry21 Aug 2026
Contracts14
Avg IV0.36
Put-call-
Expiry18 Sep 2026
Contracts14
Avg IV0.32
Put-call-
Expiry18 Dec 2026
Contracts16
Avg IV0.32
Put-call-
Expiry19 Mar 2027
Contracts14
Avg IV0.27
Put-call-
Skew
Call/put IV balance
21 Aug 2026Call IV premium
Call IV0.29
Put IV0.08
Skew-0.20
18 Sep 2026Put IV premium
Call IV0.18
Put IV0.42
Skew0.24
18 Dec 2026Put IV premium
Call IV0.10
Put IV0.41
Skew0.30
19 Mar 2027Put IV premium
Call IV0.07
Put IV0.38
Skew0.30
Contract Tape
Most active contracts
ContractOSW260918P00022500
SidePut
Expiry18 Sep 2026
Strike22.50
Volume-
OI79
IV0.42
ContractOSW260821P00025000
SidePut
Expiry21 Aug 2026
Strike25.00
Volume-
OI13
IV0.08
ContractOSW260821C00030000
SideCall
Expiry21 Aug 2026
Strike30.00
Volume-
OI6
IV0.29
ContractOSW260918C00022500
SideCall
Expiry18 Sep 2026
Strike22.50
Volume-
OI5
IV0.43
ContractOSW260918C00030000
SideCall
Expiry18 Sep 2026
Strike30.00
Volume-
OI5
IV0.18
ContractOSW261218P00025000
SidePut
Expiry18 Dec 2026
Strike25.00
Volume-
OI4
IV0.41
ContractOSW261218C00035000
SideCall
Expiry18 Dec 2026
Strike35.00
Volume-
OI3
IV0.20
ContractOSW261218C00022500
SideCall
Expiry18 Dec 2026
Strike22.50
Volume-
OI3
IV0.52
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.