Primary read
Volatility
Volatility expansion watch
Ticker Options Intelligence
TDC options intelligence
Teradata Corp options pressure, expected move, strike concentration, and Sharemaestro trend context.
Conviction
45
Market data through 31 Jul 2026
Checked 2 Aug 2026 06:30 · complete available chain
Volatility expansion watch
Volatility pressure
TDC currently carries volatility options pressure with a 45/100 conviction score. The nearest-chain expected move is 18.2%, with volume/open-interest participation at 0.01.
Expected move
18.2%
Wider near-term move priced
Activity / OI
0.01
Current volume is quieter versus prior open interest
Put-call
0.60
Call-side skew
Trend fit
71
Options agree with trend context
Weekly backdrop
+8.7%
RS 3.2
Expected move
18.2%
Put-call volume
0.60
Volume / OI
0.01
Reference IV
0.97
Max pain
32.50
Underlying
30.99
Nearest expiry
21 Aug 2026
Contracts
120
Research Brief
TDC has a volatility chain read with 45/100 evidence alignment.
The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 25.36–36.62; The largest call open-interest concentration is 42.50; the largest put concentration is 32.50. The most active strike by current volume is 32.50.
Priced range25.36–36.62
Call concentration42.50
Put concentration32.50
Max pain reference32.50
- 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 25.36 to 36.62. Max pain at 32.50 sits inside that range, 4.9% above spot.
Spot
Max pain
25.3630.99 ± 5.6336.62
Confirmation level
A close beyond 36.62 or below 25.36 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 45/100
Pressure is 34/100 toward calls; conviction uses its strength, while the signal label carries its direction.
Directional pressure34 × 42%
+14.2
How strongly activity leans toward calls or puts.
Participation13 × 22%
+2.8
Volume relative to existing open interest and contract-level activity.
Trend agreement71 × 26%
+18.5
How closely the chain read agrees with the underlying trend backdrop.
Volatility96 × 10%
+9.6
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 42.50; the largest put concentration is 32.50. The most active strike by current volume is 32.50. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.
Put open interestStrikeCall open interest
11
17.50-43.5%
1
9
20.00-35.5%
16
9
22.50-27.4%
0
70
25.00-19.3%
8
60
27.50-11.3%
4
76
30.00-3.2%
100
255
32.504.9%
194
46
35.0012.9%
318
25
37.5021.0%
81
25
40.0029.1%
104
0
42.5037.1%
321
0
45.0045.2%
40
0
47.5053.3%
10
0
50.0061.3%
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.
0.97
21 Aug
21d
0.75
18 Sep
49d
0.65
16 Oct
77d
0.64
15 Jan
168d
Volatility by Strike
Downside protection premium
Out-of-the-money puts carry higher implied volatility than comparable calls, indicating richer downside protection.
25
28
30
33
35
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
- 120 / 120
- 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
Options activity is concentrated around a live event window, so the cleanest read is event positioning rather than pure direction.
Options are pricing movement more than direction; compare expected move with the stock's actual weekly change.
Earnings/event positioning matters because it connects the options headline to the actual evidence: $20325 of estimated gross traded notional, calls · 46-90 days · otm, 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+34
1W price+8.7%
Call premium76%
Put premium24%
Notional split
C 76% / P 24%
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
71/100
Agreement between options pressure and Sharemaestro market context.
Event window
4 Aug
Matched earnings event is 2 days away.
Aggregate chain data does not identify trade aggressor or opening versus closing activity; call/put concentration is not proof of market direction.
Calls · 46-90 days · OTM
calls cluster with 23 contracts traded, $6718 estimated gross traded notional, and 33% of visible notional.
$6718
Puts · 46-90 days · OTM
puts cluster with 23 contracts traded, $3795 estimated gross traded notional, and 19% of visible notional.
$3795
Calls · 91+ days · OTM
calls cluster with 12 contracts traded, $3210 estimated gross traded notional, and 16% of visible notional.
$3210
Calls · 8-21 days · ITM
calls cluster with 6 contracts traded, $2870 estimated gross traded notional, and 14% of visible notional.
$2870
Calls · 8-21 days · OTM
calls cluster with 14 contracts traded, $2668 estimated gross traded notional, and 13% of visible notional.
$2668
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
Close30.99
1W+8.7%
RS3.2
Fair value-1.7%
Options pressure34
Speculation13
Volatility96
Trend fit71
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 10:54
Volatility
Pressure 86
Move 21.0%
30 Jul 10:44
Volatility
Pressure 77
Move 23.6%
30 Jul 15:57
Volatility
Pressure 44
Move 17.3%
30 Jul 17:06
Volatility
Pressure 40
Move 17.3%
31 Jul 02:11
Volatility
Pressure 34
Move 18.8%
31 Jul 13:42
Bullish
Pressure 35
Move 19.9%
2 Aug 05:30
Volatility
Pressure 34
Move 18.2%
Strike Map
Where activity is clustering
Strike17.50
Calls · V 1 · OI 1
Puts · V 0 · OI 11
Strike20.00
Calls · V 0 · OI 16
Puts · V 0 · OI 9
Strike22.50
Calls · V 0 · OI 0
Puts · V 1 · OI 9
Strike25.00
Calls · V 0 · OI 8
Puts · V 4 · OI 70
Strike27.50
Calls · V 0 · OI 4
Puts · V 5 · OI 60
Strike30.00
Calls · V 5 · OI 100
Puts · V 0 · OI 76
Strike32.50
Calls · V 9 · OI 194
Puts · V 0 · OI 255
Strike35.00
Calls · V 4 · OI 318
Puts · V 0 · OI 46
Term Structure
Expiration activity
Expiry21 Aug 2026
Contracts28
Avg IV0.97
Put-call0.50
Expiry18 Sep 2026
Contracts28
Avg IV0.75
Put-call-
Expiry16 Oct 2026
Contracts34
Avg IV0.65
Put-call-
Expiry15 Jan 2027
Contracts30
Avg IV0.64
Put-call-
Skew
Call/put IV balance
21 Aug 2026Balanced skew
Call IV0.99
Put IV1.04
Skew0.05
18 Sep 2026Put IV premium
Call IV0.63
Put IV0.74
Skew0.11
16 Oct 2026Balanced skew
Call IV0.62
Put IV0.60
Skew-0.02
15 Jan 2027Put IV premium
Call IV0.64
Put IV0.73
Skew0.09
Contract Tape
Most active contracts
ContractTDC260918P00027500
SidePut
Expiry18 Sep 2026
Strike27.50
Volume23
OI15
IV0.74
ContractTDC261016C00032500
SideCall
Expiry16 Oct 2026
Strike32.50
Volume20
OI543
IV0.64
ContractTDC270115C00040000
SideCall
Expiry15 Jan 2027
Strike40.00
Volume12
OI365
IV0.63
ContractTDC260821C00032500
SideCall
Expiry21 Aug 2026
Strike32.50
Volume9
OI194
IV0.94
ContractTDC260821C00030000
SideCall
Expiry21 Aug 2026
Strike30.00
Volume5
OI100
IV0.87
ContractTDC260821P00027500
SidePut
Expiry21 Aug 2026
Strike27.50
Volume5
OI60
IV1.04
ContractTDC260821C00035000
SideCall
Expiry21 Aug 2026
Strike35.00
Volume4
OI318
IV0.97
ContractTDC260821P00025000
SidePut
Expiry21 Aug 2026
Strike25.00
Volume4
OI70
IV1.06
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
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.