Primary read
Bullish
Call-side pressure
Ticker Options Intelligence
SN options intelligence
SharkNinja, Inc. options pressure, expected move, strike concentration, and Sharemaestro trend context.
Conviction
55
Market data through 6 Aug 2026
Checked 7 Aug 2026 12:02 · complete available chain
Call-side pressure
Bullish pressure
SN currently carries bullish options pressure with a 55/100 conviction score. The nearest-chain expected move is 13.0%, with volume/open-interest participation at 0.22.
Expected move
13.0%
Wider near-term move priced
Activity / OI
0.22
Current volume is quieter versus prior open interest
Put-call
0.05
Call-side skew
Trend fit
12
Options are not fully confirming trend
Weekly backdrop
+14.7%
RS 41.3
Expected move
13.0%
Put-call volume
0.05
Volume / OI
0.22
Reference IV
0.34
Max pain
155.00
Underlying
161.77
Nearest expiry
21 Aug 2026
Contracts
428
Research Brief
SN has a bullish chain read with 55/100 evidence alignment.
The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 140.69–182.85; The largest call open-interest concentration is 175.00; the largest put concentration is 155.00. The most active strike by current volume is 175.00.
Priced range140.69–182.85
Call concentration175.00
Put concentration155.00
Max pain reference155.00
- 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 140.69 to 182.85. Max pain at 155.00 sits inside that range, 4.2% below spot.
Spot
Max pain
140.69161.77 ± 21.08182.85
Confirmation level
A close beyond 182.85 or below 140.69 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 55/100
Pressure is 91/100 toward calls; conviction uses its strength, while the signal label carries its direction.
Directional pressure91 × 42%
+38.3
How strongly activity leans toward calls or puts.
Participation32 × 22%
+7.1
Volume relative to existing open interest and contract-level activity.
Trend agreement12 × 26%
+3.2
How closely the chain read agrees with the underlying trend backdrop.
Volatility63 × 10%
+6.3
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 175.00; the largest put concentration is 155.00. The most active strike by current volume is 175.00. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.
Put open interestStrikeCall open interest
126
80.00-50.5%
0
596
85.00-47.5%
0
305
120.00-25.8%
1
70
130.00-19.6%
6
253
135.00-16.5%
39
923
140.00-13.5%
20
314
145.00-10.4%
76
327
150.00-7.3%
182
3373
155.00-4.2%
160
69
160.00-1.1%
38
66
165.002.0%
70
5
170.005.1%
206
84
175.008.2%
2121
14
180.0011.3%
344
4
185.0014.4%
1571
1
195.0020.5%
2100
0
200.0023.6%
291
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+$3.5MDelta change / 1% move
Positive peak175.00+$1.4M
Negative peak155.00-$569,644
Nearest balance163.85Interpolated sign change
StrikeNegativePositiveNet / 1% move
105.00-35.1%
-$227
110.00-32.0%
+$2,523
115.00-28.9%
-$11,014
120.00-25.8%
-$29,384
125.00-22.7%
+$5,834
130.00-19.6%
+$4,712
135.00-16.5%
-$3,892
140.00-13.5%
-$36,446
145.00-10.4%
+$443
150.00-7.3%
-$44,861
155.00-4.2%
-$569,644
160.00-1.1%
-$14,917
165.002.0%
+$4,449
170.005.1%
+$126,385
175.008.2%
+$1.4M
180.0011.3%
+$469,798
185.0014.4%
+$1.1M
190.0017.5%
-$9,542
195.0020.5%
+$981,160
200.0023.6%
+$102,438
210.0029.8%
+$12,051
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.
0.34
21 Aug
15d
0.44
18 Sep
43d
0.48
18 Dec
134d
0.48
15 Jan
162d
0.50
19 Mar
225d
0.50
21 Jan
533d
Volatility by Strike
Downside protection premium
Out-of-the-money puts carry higher implied volatility than comparable calls, indicating richer downside protection.
130
135
140
145
150
155
160
165
170
175
180
185
190
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
- 6 Aug 2026
- Calculation
- v2.0
- Contracts
- 428 / 428
- 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: $2.6M of estimated gross traded notional, calls · 8-21 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+91
1W price+14.7%
Call premium97%
Put premium3%
Notional split
C 97% / P 3%
Estimated gross traded notional uses volume × contract multiplier × midpoint, or last price when no valid midpoint is available.
Freshness
0.22
Volume divided by open interest across the visible chain.
Trend fit
12/100
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 · 8-21 days · OTM
calls cluster with 4253 contracts traded, $2.1M estimated gross traded notional, and 83% of visible notional.
$2.1M
Calls · 91+ days · ITM
calls cluster with 23 contracts traded, $124,190 estimated gross traded notional, and 5% of visible notional.
$124,190
Calls · 91+ days · OTM
calls cluster with 33 contracts traded, $100,550 estimated gross traded notional, and 4% of visible notional.
$100,550
Calls · 22-45 days · ITM
calls cluster with 12 contracts traded, $46,535 estimated gross traded notional, and 2% of visible notional.
$46,535
Puts · 8-21 days · ITM
puts cluster with 81 contracts traded, $42,040 estimated gross traded notional, and 2% of visible notional.
$42,040
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.
Call pressure is building while the stock sits above Sharemaestro fair value.
Activity Anomaly
Warming up
7 of 10 completed market sessions are available. More session history is needed before activity can be compared with a reliable normal.
Baseline: 7 completed sessions
Volume rank-
Volume/OI rank-
IV rank-
Market Context
Underlying confirmation
Close185.52
1W+14.7%
RS41.3
Fair value+104.2%
Options pressure91
Speculation32
Volatility63
Trend fit12
Today Versus Normal
Stored-options context
30d avg - · 7/10 sessions
-
90d avg - · 7/30 sessions
-
180d avg - · 7/60 sessions
-
30d avg - · 7/10 sessions
-
90d avg - · 7/30 sessions
-
180d avg - · 7/60 sessions
-
30d avg - · 7/10 sessions
-
90d avg - · 7/30 sessions
-
180d avg - · 7/60 sessions
-
30d avg - · 7/10 sessions
-
90d avg - · 7/30 sessions
-
180d avg - · 7/60 sessions
-
Pressure Trail
Recent pressure and volatility
29 Jul 10:21
Mixed
Pressure 10
Move 14.8%
30 Jul 10:15
Volatility
Pressure -7
Move 14.4%
31 Jul 10:06
Volatility
Pressure 9
Move 15.9%
1 Aug 04:13
Volatility
Pressure -32
Move 14.6%
2 Aug 08:08
Volatility
Pressure -29
Move 12.0%
3 Aug 11:07
Volatility
Pressure -32
Move 12.0%
4 Aug 10:12
Volatility
Pressure 49
Move 11.8%
5 Aug 10:16
Volatility
Pressure 10
Move 13.6%
Strike Map
Where activity is clustering
Strike65.00
Calls · V 0 · OI 2
Puts · V 0 · OI 0
Strike70.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike75.00
Calls · V 0 · OI 0
Puts · V 0 · OI 1
Strike80.00
Calls · V 0 · OI 0
Puts · V 0 · OI 126
Strike85.00
Calls · V 0 · OI 0
Puts · V 0 · OI 596
Strike90.00
Calls · V 0 · OI 0
Puts · V 0 · OI 19
Strike95.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike100.00
Calls · V 0 · OI 1
Puts · V 0 · OI 10
Term Structure
Expiration activity
Expiry21 Aug 2026
Contracts58
Avg IV0.34
Put-call0.03
Expiry18 Sep 2026
Contracts70
Avg IV0.44
Put-call0.70
Expiry18 Dec 2026
Contracts70
Avg IV0.48
Put-call0.05
Expiry15 Jan 2027
Contracts86
Avg IV0.48
Put-call0.75
Expiry19 Mar 2027
Contracts58
Avg IV0.50
Put-call9.50
Skew
Call/put IV balance
21 Aug 2026Put IV premium
Call IV0.41
Put IV0.48
Skew0.08
18 Sep 2026Put IV premium
Call IV0.41
Put IV0.47
Skew0.06
18 Dec 2026Balanced skew
Call IV0.47
Put IV0.49
Skew0.02
15 Jan 2027Balanced skew
Call IV0.47
Put IV0.49
Skew0.02
19 Mar 2027Balanced skew
Call IV0.46
Put IV0.49
Skew0.03
Contract Tape
Most active contracts
ContractSN260821C00175000
SideCall
Expiry21 Aug 2026
Strike175.00
Volume2101
OI2121
IV0.39
ContractSN260821C00195000
SideCall
Expiry21 Aug 2026
Strike195.00
Volume2100
OI2100
IV0.42
ContractSN260821P00175000
SidePut
Expiry21 Aug 2026
Strike175.00
Volume38
OI84
IV0.47
ContractSN260821P00165000
SidePut
Expiry21 Aug 2026
Strike165.00
Volume26
OI66
IV0.47
ContractSN260918C00185000
SideCall
Expiry18 Sep 2026
Strike185.00
Volume20
OI42
IV0.41
ContractSN260821P00180000
SidePut
Expiry21 Aug 2026
Strike180.00
Volume17
OI14
IV0.47
ContractSN260821P00170000
SidePut
Expiry21 Aug 2026
Strike170.00
Volume17
OI5
IV0.46
ContractSN260821C00180000
SideCall
Expiry21 Aug 2026
Strike180.00
Volume16
OI344
IV0.41
Research Graph
Related research and context
Sharemaestro research
Related News
Market Watch
SharkNinja, Inc. (SN) lifts weekly run with 8.9% gain6 Aug 2026 06:29
SharkNinja, Inc. (SN) stretches 12-week advance to 37.9%23 Jun 2026 23:00
SharkNinja, Inc. (SN) presses higher with 37.9% 12-week gain23 Jun 2026 02:15
SharkNinja, Inc. (SN) strengthens as four-week gain reaches 26.7%18 Jun 2026 10:22
SharkNinja, Inc (SN) sets 11.7% weekly gain as volume firms16 Jun 2026 09:04
SN’s Four-Week Run Reaches 26.7% With Trend Signal Active15 Jun 2026 12:47
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.