Primary read
Volatility
Volatility expansion watch
Ticker Options Intelligence
SRAD options intelligence
Sportradar Group AG options pressure, expected move, strike concentration, and Sharemaestro trend context.
Conviction
48
Market data through 31 Jul 2026
Checked 2 Aug 2026 13:03 · complete available chain
Volatility expansion watch
Volatility pressure
SRAD currently carries volatility options pressure with a 48/100 conviction score. The nearest-chain expected move is 22.2%, with volume/open-interest participation at 0.03.
Expected move
22.2%
Wider near-term move priced
Activity / OI
0.03
Current volume is quieter versus prior open interest
Put-call
0.14
Call-side skew
Trend fit
0
Options are not fully confirming trend
Weekly backdrop
+1.7%
RS -35.7
Expected move
22.2%
Put-call volume
0.14
Volume / OI
0.03
Reference IV
1.03
Max pain
15.00
Underlying
14.54
Nearest expiry
21 Aug 2026
Contracts
234
Research Brief
SRAD has a volatility chain read with 48/100 evidence alignment.
The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 11.32–17.76; The largest call open-interest concentration is 20.00; the largest put concentration is 15.00. The most active strike by current volume is 17.50.
Priced range11.32–17.76
Call concentration20.00
Put concentration15.00
Max pain reference15.00
- A clear directional pressure reading develops and price begins to agree.
- Volatility falls and the chain remains directionally mixed.
- Options and the weekly trend are not yet giving the same message.
- 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 11.32 to 17.76. Max pain at 15.00 sits inside that range, 3.2% above spot.
Spot
Max pain
11.3214.54 ± 3.2217.76
Confirmation level
A close beyond 17.76 or below 11.32 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 48/100
Pressure is 84/100 toward calls; conviction uses its strength, while the signal label carries its direction.
Directional pressure84 × 42%
+35.4
How strongly activity leans toward calls or puts.
Participation12 × 22%
+2.7
Volume relative to existing open interest and contract-level activity.
Trend agreement0 × 26%
+0.0
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 20.00; the largest put concentration is 15.00. The most active strike by current volume is 17.50. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.
Put open interestStrikeCall open interest
0
2.50-82.8%
1
700
5.00-65.6%
30
524
7.50-48.4%
12
152
10.00-31.2%
523
352
12.50-14.0%
893
1758
15.003.2%
4048
410
17.5020.4%
4124
130
20.0037.6%
5589
5
22.5054.7%
294
0
25.0071.9%
1037
0
27.5089.1%
5018
1
30.00106.3%
1880
0
32.50123.5%
2711
0
35.00140.7%
0
0
37.50157.9%
1
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.
1.03
21 Aug
21d
0.72
18 Sep
49d
0.70
20 Nov
112d
0.68
18 Dec
140d
0.68
15 Jan
168d
0.69
19 Feb
203d
0.66
16 Jul
350d
0.66
21 Jan
539d
Volatility by Strike
Upside optionality premium
Out-of-the-money calls carry higher implied volatility than comparable puts, indicating richer upside optionality.
13
15
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
- 234 / 234
- 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: $449655 of estimated gross traded notional, calls · 91+ 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+84
1W price+1.7%
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
0.03
Volume divided by open interest across the visible chain.
Trend fit
0/100
Agreement between options pressure and Sharemaestro market context.
Event window
4 Aug
Matched earnings event is 1 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 · 91+ days · OTM
calls cluster with 1303 contracts traded, $173612 estimated gross traded notional, and 39% of visible notional.
$173612
Calls · 8-21 days · OTM
calls cluster with 2299 contracts traded, $135095 estimated gross traded notional, and 30% of visible notional.
$135095
Puts · 8-21 days · ITM
puts cluster with 272 contracts traded, $63610 estimated gross traded notional, and 14% of visible notional.
$63610
Puts · 91+ days · ITM
puts cluster with 105 contracts traded, $35495 estimated gross traded notional, and 8% of visible notional.
$35495
Calls · 46-90 days · OTM
calls cluster with 263 contracts traded, $30308 estimated gross traded notional, and 7% of visible notional.
$30308
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
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
Close14.54
1W+1.7%
RS-35.7
Fair value-13.4%
Options pressure84
Speculation12
Volatility96
Trend fit0
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 10:44
Volatility
Pressure 90
Move 13.8%
30 Jul 10:40
Volatility
Pressure 98
Move 14.7%
31 Jul 13:14
Volatility
Pressure 65
Move 15.4%
31 Jul 14:30
Mixed
Pressure 2
Move 15.2%
31 Jul 15:36
Bullish
Pressure 25
Move 15.7%
2 Aug 12:03
Volatility
Pressure 84
Move 22.2%
Strike Map
Where activity is clustering
Strike2.50
Calls · V 0 · OI 1
Puts · V 10 · OI 0
Strike5.00
Calls · V 0 · OI 30
Puts · V 0 · OI 700
Strike7.50
Calls · V 0 · OI 12
Puts · V 0 · OI 524
Strike10.00
Calls · V 0 · OI 523
Puts · V 6 · OI 152
Strike12.50
Calls · V 0 · OI 893
Puts · V 87 · OI 352
Strike15.00
Calls · V 890 · OI 4048
Puts · V 243 · OI 1758
Strike17.50
Calls · V 1167 · OI 4124
Puts · V 29 · OI 410
Strike20.00
Calls · V 242 · OI 5589
Puts · V 0 · OI 130
Term Structure
Expiration activity
Expiry21 Aug 2026
Contracts30
Avg IV1.03
Put-call0.16
Expiry18 Sep 2026
Contracts22
Avg IV0.72
Put-call0.03
Expiry20 Nov 2026
Contracts24
Avg IV0.70
Put-call0.06
Expiry18 Dec 2026
Contracts36
Avg IV0.68
Put-call1.23
Expiry15 Jan 2027
Contracts36
Avg IV0.68
Put-call0.01
Skew
Call/put IV balance
21 Aug 2026Call IV premium
Call IV0.87
Put IV0.79
Skew-0.09
18 Sep 2026Balanced skew
Call IV0.68
Put IV0.70
Skew0.02
20 Nov 2026Balanced skew
Call IV0.67
Put IV0.67
Skew-
18 Dec 2026Balanced skew
Call IV0.63
Put IV0.64
Skew0.01
15 Jan 2027Balanced skew
Call IV0.66
Put IV0.67
Skew0.01
Contract Tape
Most active contracts
ContractSRAD260821C00017500
SideCall
Expiry21 Aug 2026
Strike17.50
Volume1167
OI4124
IV0.87
ContractSRAD260821C00015000
SideCall
Expiry21 Aug 2026
Strike15.00
Volume890
OI4048
IV0.86
ContractSRAD261120C00015000
SideCall
Expiry20 Nov 2026
Strike15.00
Volume445
OI772
IV0.67
ContractSRAD260821P00015000
SidePut
Expiry21 Aug 2026
Strike15.00
Volume243
OI1758
IV1.41
ContractSRAD260821C00020000
SideCall
Expiry21 Aug 2026
Strike20.00
Volume242
OI5589
IV0.91
ContractSRAD270115C00020000
SideCall
Expiry15 Jan 2027
Strike20.00
Volume230
OI4741
IV0.65
ContractSRAD260918C00015000
SideCall
Expiry18 Sep 2026
Strike15.00
Volume220
OI150
IV0.68
ContractSRAD261120C00020000
SideCall
Expiry20 Nov 2026
Strike20.00
Volume211
OI2752
IV0.67
Research Graph
Related research and context
Sharemaestro research
Related News
No recent ticker-specific news yet.
Market Watch
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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.