Ticker Options Intelligence

CRUS options intelligence

Cirrus Logic Inc options pressure, expected move, strike concentration, and Sharemaestro trend context.

Conviction 46 Market data through 31 Jul 2026 Checked 1 Aug 2026 01:56 · complete available chain

Volatility expansion watch

Volatility pressure

CRUS currently carries volatility options pressure with a 46/100 conviction score. The nearest-chain expected move is 11.4%, with volume/open-interest participation at 0.05.

Options Intelligence Opportunities Bullish confirmation Risks Unusual flow Vol expansion Repeated pressure Compare Chart Weekly report
Primary read Volatility

Volatility expansion watch

Expected move 11.4%

Wider near-term move priced

Activity / OI 0.05

Current volume is quieter versus prior open interest

Put-call 0.23

Call-side skew

Trend fit 0

Options are not fully confirming trend

Weekly backdrop -3.2%

RS -12.6

Expected move 11.4%
Put-call volume 0.23
Volume / OI 0.05
Reference IV 0.57
Max pain 140.00
Underlying 133.61
Nearest expiry 21 Aug 2026
Contracts 298

Research Brief

CRUS has a volatility chain read with 46/100 evidence alignment.

The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 118.41–148.81; The largest call open-interest concentration is 165.00; the largest put concentration is 130.00. The most active strike by current volume is 145.00.

Priced range118.41–148.81
Call concentration165.00
Put concentration130.00
Max pain reference140.00
What would confirm it
  • A clear directional pressure reading develops and price begins to agree.
What would weaken it
  • 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

Size, not direction · through 21 Aug

Options imply 118.41 to 148.81. Max pain at 140.00 sits inside that range, 4.8% above spot.

Spot Max pain
118.41133.61 ± 15.20148.81
Confirmation level

A close beyond 148.81 or below 118.41 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 46/100

Evidence alignment, not probability

Pressure is 70/100 toward calls; conviction uses its strength, while the signal label carries its direction.

Directional pressure70 × 42%
+29.4

How strongly activity leans toward calls or puts.

Participation41 × 22%
+9.0

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.

Volatility80 × 10%
+8.0

The intensity of implied volatility and the priced move.

Reconstructed score46.5Matches stored calculation

Positioning by Strike

Where open interest and current activity concentrate

Full strike map

The largest call open-interest concentration is 165.00; the largest put concentration is 130.00. The most active strike by current volume is 145.00. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.

Put open interestStrikeCall open interest
3
105.00-21.4%
0
4
110.00-17.7%
1
4
115.00-13.9%
0
30
120.00-10.2%
1
28
125.00-6.4%
2
123
130.00-2.7%
0
26
135.001.0%
6
11
140.004.8%
108
8
145.008.5%
14
3
150.0012.3%
29
7
155.0016.0%
17
4
160.0019.8%
20
2
165.0023.5%
110
2
170.0027.2%
9
0
180.0034.7%
8
0
185.0038.5%
4
0
200.0049.7%
38
Nearest spot strike Max pain strikeBars show relative OI within this expiry

Volatility Curve

Front-loaded volatility

1.19× front/back

Near-term options are materially richer than later expirations, consistent with concentrated event or immediate-risk pricing.

0.57 21 Aug 21d
0.49 18 Sep 49d
0.49 20 Nov 112d
0.47 18 Dec 140d
0.48 19 Mar 231d

Volatility by Strike

Balanced wings

Nearest expiry, within 20% of spot

Comparable upside calls and downside puts carry broadly similar implied volatility.

110
115
120
125
130
135
140
145
150
155
160
Put IV Call IV

Historical Replay

How matured reads behaved through expiry

0 directional observations

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

A100/100
Retained chain100%
Implied volatility100%
Two-sided quotes100%
Open interest100%
Chain status
Complete available chain
Market date
31 Jul 2026
Calculation
v2.0
Contracts
298 / 298
  • 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

85/100
Primary intent Earnings/event positioning

Options activity is concentrated around a live event window, so the cleanest read is event positioning rather than pure direction.

Flow vs price divergence Volatility flow versus price

Options are pricing movement more than direction; compare expected move with the stock's actual weekly change.

Why this matters

Earnings/event positioning matters because it connects the options headline to the actual evidence: $122435 of estimated gross traded notional, calls · 91+ days · itm, 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+70
1W price-3.2%
Call premium91%
Put premium9%
Notional split C 91% / P 9% Estimated gross traded notional uses volume × contract multiplier × midpoint, or last price when no valid midpoint is available.
Freshness 0.05 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 3 days away.
Aggregate chain data does not identify trade aggressor or opening versus closing activity; call/put concentration is not proof of market direction.
Conviction clusters Calls · 91+ days · ITM
Calls · 91+ days · ITM calls cluster with 20 contracts traded, $63265 estimated gross traded notional, and 52% of visible notional.
$63265
Calls · 46-90 days · ITM calls cluster with 11 contracts traded, $21845 estimated gross traded notional, and 18% of visible notional.
$21845
Calls · 8-21 days · OTM calls cluster with 46 contracts traded, $10008 estimated gross traded notional, and 8% of visible notional.
$10008
Puts · 8-21 days · OTM puts cluster with 23 contracts traded, $8820 estimated gross traded notional, and 7% of visible notional.
$8820
Calls · 91+ days · OTM calls cluster with 9 contracts traded, $6652 estimated gross traded notional, and 5% of visible notional.
$6652

Setup Classification

Opportunity and risk frame

Context, not advice
Warning Volatility expansion

The tape is pricing or displaying unusually elevated activity.

Warning Event-risk setup

Expected move or upcoming earnings makes the setup more event-sensitive.

Negative Options disagreement

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

Sharemaestro weekly
Close129.35
1W-3.2%
RS-12.6
Fair value+15.6%
Options pressure70
Speculation41
Volatility80
Trend fit0

Today Versus Normal

Stored-options context

View history
Expected move 11.4% history building
30d avg - · 3/10 sessions -
90d avg - · 3/30 sessions -
180d avg - · 3/60 sessions -
IV 0.57 history building
30d avg - · 3/10 sessions -
90d avg - · 3/30 sessions -
180d avg - · 3/60 sessions -
Put-call 0.23 history building
30d avg - · 3/10 sessions -
90d avg - · 3/30 sessions -
180d avg - · 3/60 sessions -
Volume/OI 0.05 history building
30d avg - · 3/10 sessions -
90d avg - · 3/30 sessions -
180d avg - · 3/60 sessions -

Pressure Trail

Recent pressure and volatility

Open trail
29 Jul 10:30 Volatility
Pressure -60
Move 12.6%
30 Jul 10:25 Mixed
Pressure -5
Move 11.7%
31 Jul 10:20 Bullish
Pressure 54
Move 11.5%
31 Jul 18:12 Bullish
Pressure 46
Move 11.4%
31 Jul 23:13 Bullish
Pressure 46
Move 11.4%
1 Aug 00:56 Volatility
Pressure 70
Move 11.4%

Strike Map

Where activity is clustering

Full strike map
Strike95.00
Calls · V 0 · OI 0
Puts · V 0 · OI 1
Strike100.00
Calls · V 0 · OI 0
Puts · V 0 · OI 2
Strike105.00
Calls · V 0 · OI 0
Puts · V 0 · OI 3
Strike110.00
Calls · V 1 · OI 1
Puts · V 2 · OI 4
Strike115.00
Calls · V 0 · OI 0
Puts · V 1 · OI 4
Strike120.00
Calls · V 0 · OI 1
Puts · V 4 · OI 30
Strike125.00
Calls · V 0 · OI 2
Puts · V 16 · OI 28
Strike130.00
Calls · V 0 · OI 0
Puts · V 0 · OI 123

Term Structure

Expiration activity

Volume and IV
Expiry21 Aug 2026
Contracts52
Avg IV0.57
Put-call0.44
Expiry18 Sep 2026
Contracts68
Avg IV0.49
Put-call0.06
Expiry20 Nov 2026
Contracts60
Avg IV0.49
Put-call0.13
Expiry18 Dec 2026
Contracts64
Avg IV0.47
Put-call-
Expiry19 Mar 2027
Contracts54
Avg IV0.48
Put-call-

Skew

Call/put IV balance

OTM demand
21 Aug 2026Balanced skew
Call IV0.57
Put IV0.57
Skew-
18 Sep 2026Balanced skew
Call IV0.51
Put IV0.46
Skew-0.05
20 Nov 2026Balanced skew
Call IV0.46
Put IV0.47
Skew0.01
18 Dec 2026Balanced skew
Call IV0.48
Put IV0.45
Skew-0.03
19 Mar 2027Balanced skew
Call IV0.48
Put IV0.47
Skew-0.01

Contract Tape

Most active contracts

Full contract tape
ContractCRUS260821C00145000
SideCall
Expiry21 Aug 2026
Strike145.00
Volume17
OI14
IV0.57
ContractCRUS260821P00125000
SidePut
Expiry21 Aug 2026
Strike125.00
Volume16
OI28
IV0.54
ContractCRUS260821C00150000
SideCall
Expiry21 Aug 2026
Strike150.00
Volume15
OI29
IV0.57
ContractCRUS260821C00140000
SideCall
Expiry21 Aug 2026
Strike140.00
Volume12
OI108
IV0.57
ContractCRUS260918C00180000
SideCall
Expiry18 Sep 2026
Strike180.00
Volume10
OI97
IV0.53
ContractCRUS260918C00110000
SideCall
Expiry18 Sep 2026
Strike110.00
Volume8
OI14
IV0.57
ContractCRUS270319C00115000
SideCall
Expiry19 Mar 2027
Strike115.00
Volume8
OI-
IV0.48
ContractCRUS260821C00135000
SideCall
Expiry21 Aug 2026
Strike135.00
Volume7
OI6
IV0.58