Primary read
Bullish
Call-side pressure
Ticker Options Intelligence
JBL options intelligence
Jabil Circuit Inc options pressure, expected move, strike concentration, and Sharemaestro trend context.
Conviction
43
Market data through 30 Jul 2026
Checked 31 Jul 2026 02:24 · complete available chain
Call-side pressure
Bullish pressure
JBL currently carries bullish options pressure with a 43/100 conviction score. The nearest-chain expected move is 3.0%, with volume/open-interest participation at 0.04.
Expected move
3.0%
Near-term move context
Activity / OI
0.04
Current volume is quieter versus prior open interest
Put-call
0.63
Call-side skew
Trend fit
70
Options agree with trend context
Weekly backdrop
+3.8%
RS 10.7
Expected move
3.0%
Put-call volume
0.63
Volume / OI
0.04
Reference IV
0.62
Max pain
312.50
Underlying
312.59
Nearest expiry
31 Jul 2026
Contracts
1656
Research Brief
JBL 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 303.19–321.99; The largest call open-interest concentration is 340.00; the largest put concentration is 310.00. The most active strike by current volume is 315.00.
Priced range303.19–321.99
Call concentration340.00
Put concentration310.00
Max pain reference312.50
- 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.
Priced Move
Where the chain says movement becomes exceptional
Options imply 303.19 to 321.99. Max pain at 312.50 sits inside that range, 0.0% below spot.
Spot
Max pain
303.19312.59 ± 9.40321.99
Confirmation level
A close beyond 321.99 or below 303.19 at the 31 Jul 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 26/100 toward calls; conviction uses its strength, while the signal label carries its direction.
Directional pressure26 × 42%
+10.7
How strongly activity leans toward calls or puts.
Participation41 × 22%
+9.0
Volume relative to existing open interest and contract-level activity.
Trend agreement70 × 26%
+18.1
How closely the chain read agrees with the underlying trend backdrop.
Volatility56 × 10%
+5.6
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 340.00; the largest put concentration is 310.00. The most active strike by current volume is 315.00. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.
Put open interestStrikeCall open interest
18
265.00-15.2%
80
343
270.00-13.6%
2
214
277.50-11.2%
0
96
280.00-10.4%
72
59
300.00-4.0%
37
6
302.50-3.2%
47
487
310.00-0.8%
15
3
312.500.0%
40
199
315.000.8%
34
33
317.501.6%
6
17
320.002.4%
62
77
322.503.2%
38
12
325.004.0%
25
18
330.005.6%
37
0
335.007.2%
33
1
340.008.8%
110
0
370.0018.4%
44
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.
0.62
31 Jul
1d
0.62
7 Aug
8d
0.61
14 Aug
15d
0.60
21 Aug
22d
0.60
28 Aug
29d
0.60
4 Sep
36d
0.59
11 Sep
43d
0.58
18 Sep
50d
Volatility by Strike
Balanced wings
Comparable upside calls and downside puts carry broadly similar implied volatility.
253
258
265
270
278
283
290
295
303
308
313
320
325
333
338
345
350
358
363
370
375
Put IV Call IV
Historical Replay
How matured reads behaved through expiry
Forward validation is building. The earliest eligible stored read expires 31 Jul 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
- 30 Jul 2026
- Calculation
- v2.0
- Contracts
- 1656 / 1656
- 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
Multi-expiry position-maintenance candidate
Activity is spread across expirations with heavier open interest than current volume, which can be consistent with position maintenance.
Options pressure and weekly price action are pointing in the same constructive direction.
Multi-expiry position-maintenance candidate matters because it connects the options headline to the actual evidence: $1.8M of estimated gross traded notional, puts · 8-21 days · atm, 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+26
1W price+3.8%
Call premium53%
Put premium47%
Notional split
C 53% / P 47%
Estimated gross traded notional uses volume × contract multiplier × midpoint, or last price when no valid midpoint is available.
Freshness
0.04
Volume divided by open interest across the visible chain.
Trend fit
70/100
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.
Roll detection is conservative because opening and closing legs are not directly observable in this snapshot.
Puts · 8-21 days · ATM
puts cluster with 167 contracts traded, $366140 estimated gross traded notional, and 21% of visible notional.
$366140
Calls · 46-90 days · ATM
calls cluster with 135 contracts traded, $360640 estimated gross traded notional, and 20% of visible notional.
$360640
Puts · 8-21 days · OTM
puts cluster with 259 contracts traded, $304565 estimated gross traded notional, and 17% of visible notional.
$304565
Calls · 8-21 days · OTM
calls cluster with 247 contracts traded, $267592 estimated gross traded notional, and 15% of visible notional.
$267592
Calls · 0-7 days · ATM
calls cluster with 464 contracts traded, $82056 estimated gross traded notional, and 5% of visible notional.
$82056
Setup Classification
Opportunity and risk frame
Positioning agrees with the Sharemaestro trend backdrop.
The tape is pricing or displaying unusually elevated activity.
Underlying price is close to the max-pain zone.
Call pressure is building while the stock sits above Sharemaestro fair value.
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
Close312.59
1W+3.8%
RS10.7
Fair value+75.8%
Options pressure26
Speculation41
Volatility56
Trend fit70
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 10:11
Mixed
Pressure -6
Move 5.2%
30 Jul 13:24
Bullish
Pressure 42
Move 8.4%
30 Jul 14:07
Mixed
Pressure -7
Move 4.2%
30 Jul 14:54
Mixed
Pressure -10
Move 3.9%
30 Jul 15:32
Mixed
Pressure -6
Move 4.3%
30 Jul 16:15
Mixed
Pressure -8
Move 4.2%
30 Jul 17:02
Mixed
Pressure -9
Move 3.7%
30 Jul 17:47
Mixed
Pressure -9
Move 3.5%
Strike Map
Where activity is clustering
Strike185.00
Calls · V 0 · OI 0
Puts · V 0 · OI 1
Strike190.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike195.00
Calls · V 0 · OI 1
Puts · V 0 · OI 0
Strike200.00
Calls · V 1 · OI 1
Puts · V 0 · OI 2
Strike205.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike210.00
Calls · V 0 · OI 1
Puts · V 0 · OI 0
Strike215.00
Calls · V 0 · OI 1
Puts · V 0 · OI 0
Strike220.00
Calls · V 0 · OI 2
Puts · V 0 · OI 1
Term Structure
Expiration activity
Expiry31 Jul 2026
Contracts182
Avg IV0.62
Put-call0.03
Expiry7 Aug 2026
Contracts180
Avg IV0.62
Put-call0.78
Expiry14 Aug 2026
Contracts184
Avg IV0.61
Put-call2.00
Expiry21 Aug 2026
Contracts132
Avg IV0.60
Put-call1.60
Expiry28 Aug 2026
Contracts118
Avg IV0.60
Put-call0.45
Skew
Call/put IV balance
31 Jul 2026Put IV premium
Call IV0.63
Put IV0.88
Skew0.25
7 Aug 2026Put IV premium
Call IV0.58
Put IV0.68
Skew0.10
14 Aug 2026Put IV premium
Call IV0.55
Put IV0.64
Skew0.09
21 Aug 2026Put IV premium
Call IV0.55
Put IV0.64
Skew0.09
28 Aug 2026Put IV premium
Call IV0.55
Put IV0.64
Skew0.09
Contract Tape
Most active contracts
ContractJBL260731C00315000
SideCall
Expiry31 Jul 2026
Strike315.00
Volume434
OI34
IV0.63
ContractJBL260821C00325000
SideCall
Expiry21 Aug 2026
Strike325.00
Volume215
OI8
IV0.60
ContractJBL260821P00297500
SidePut
Expiry21 Aug 2026
Strike297.50
Volume172
OI3
IV0.62
ContractJBL260821P00317500
SidePut
Expiry21 Aug 2026
Strike317.50
Volume142
OI3
IV0.61
ContractJBL260918C00310000
SideCall
Expiry18 Sep 2026
Strike310.00
Volume134
OI98
IV0.59
ContractJBL270115P00125000
SidePut
Expiry15 Jan 2027
Strike125.00
Volume55
OI35
IV0.76
ContractJBL270115P00160000
SidePut
Expiry15 Jan 2027
Strike160.00
Volume44
OI12
IV0.67
ContractJBL260821P00300000
SidePut
Expiry21 Aug 2026
Strike300.00
Volume29
OI654
IV0.61
Research Graph
Related research and context
Sharemaestro research
Related News
Market Watch
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.