Ticker Options Intelligence

NSC options intelligence

Norfolk Southern Corporation options pressure, expected move, strike concentration, and Sharemaestro trend context.

Conviction 42 Market data through 29 Jul 2026 Checked 30 Jul 2026 02:44 · complete available chain

Options-market disagreement

Mixed pressure

NSC currently carries mixed options pressure with a 42/100 conviction score. The nearest-chain expected move is 5.3%, with volume/open-interest participation at 0.02.

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

Options-market disagreement

Expected move 5.3%

Near-term move context

Activity / OI 0.02

Current volume is quieter versus prior open interest

Put-call 1.06

Balanced tape

Trend fit 93

Options agree with trend context

Weekly backdrop +3.1%

RS 9.7

Expected move 5.3%
Put-call volume 1.06
Volume / OI 0.02
Reference IV 0.23
Max pain 320.00
Underlying 350.66
Nearest expiry 21 Aug 2026
Contracts 546

Options Intent Radar

Multi-expiry position-maintenance candidate

66/100
Primary intent Multi-expiry position-maintenance candidate

Activity is spread across expirations with heavier open interest than current volume, which can be consistent with position maintenance.

Flow vs price divergence No clean flow/price divergence

The options read is mixed, so divergence is not strong enough to classify.

Why this matters

Multi-expiry position-maintenance candidate matters because it connects the options headline to the actual evidence: $507192 of estimated gross traded notional, calls · 91+ days · otm, and a no clean flow/price divergence backdrop. Use it as a research priority signal, then validate the chart, liquidity, event calendar, and risk before acting.

Options pressure-12
1W price+3.1%
Call premium81%
Put premium19%
Notional split C 81% / P 19% Estimated gross traded notional uses volume × contract multiplier × midpoint, or last price when no valid midpoint is available.
Freshness 0.02 Volume divided by open interest across the visible chain.
Trend fit 93/100 Agreement between options pressure and Sharemaestro market context.
Event window 4 Aug Matched earnings event is 5 days away.
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.
Conviction clusters Calls · 91+ days · OTM
Calls · 91+ days · OTM calls cluster with 76 contracts traded, $198802 estimated gross traded notional, and 39% of visible notional.
$198802
Calls · 91+ days · ITM calls cluster with 75 contracts traded, $188275 estimated gross traded notional, and 37% of visible notional.
$188275
Puts · 22-45 days · OTM puts cluster with 154 contracts traded, $74065 estimated gross traded notional, and 15% of visible notional.
$74065
Calls · 46-90 days · ITM calls cluster with 20 contracts traded, $18600 estimated gross traded notional, and 4% of visible notional.
$18600
Puts · 91+ days · OTM puts cluster with 29 contracts traded, $8110 estimated gross traded notional, and 2% of visible notional.
$8110

Setup Classification

Opportunity and risk frame

Context, not advice
Positive Options-confirmed trend

Positioning agrees with the Sharemaestro trend backdrop.

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.

Activity Anomaly

High anomaly

100

Current options activity is unusually hot versus this ticker's stored history.

Volume rank100th
Volume/OI rank100th
IV rank100th

Market Context

Underlying confirmation

Sharemaestro weekly
Close350.66
1W+3.1%
RS9.7
Fair value+40.0%
Options pressure-12
Speculation41
Volatility37
Trend fit93

Today Versus Normal

Stored-options context

View history
Expected move 5.3% elevated
30d avg 4.6% · 1 read 100th
90d avg 4.6% · 1 read 100th
180d avg 4.6% · 1 read 100th
IV 0.23 elevated
30d avg 0.19 · 1 read 100th
90d avg 0.19 · 1 read 100th
180d avg 0.19 · 1 read 100th
Put-call 1.06 elevated
30d avg 0.22 · 1 read 100th
90d avg 0.22 · 1 read 100th
180d avg 0.22 · 1 read 100th
Volume/OI 0.02 elevated
30d avg 0.02 · 1 read 100th
90d avg 0.02 · 1 read 100th
180d avg 0.02 · 1 read 100th

Pressure Trail

Recent pressure and volatility

Open trail
29 Jul 10:05 Bullish
Pressure 54
Move 4.6%
30 Jul 01:44 Mixed
Pressure -12
Move 5.3%

Strike Map

Where activity is clustering

Full strike map
Strike185.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike190.00
Calls · V 0 · OI 0
Puts · V 0 · OI 3
Strike195.00
Calls · V 0 · OI 0
Puts · V 0 · OI 3
Strike200.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike210.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike220.00
Calls · V 0 · OI 0
Puts · V 0 · OI 1
Strike230.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike240.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0

Term Structure

Expiration activity

Volume and IV
Expiry21 Aug 2026
Contracts58
Avg IV0.23
Put-call30.80
Expiry18 Sep 2026
Contracts82
Avg IV0.22
Put-call0.44
Expiry18 Dec 2026
Contracts74
Avg IV0.22
Put-call1.50
Expiry15 Jan 2027
Contracts88
Avg IV0.22
Put-call-
Expiry19 Mar 2027
Contracts72
Avg IV0.21
Put-call26.00

Skew

Call/put IV balance

OTM demand
21 Aug 2026Balanced skew
Call IV0.21
Put IV0.25
Skew0.04
18 Sep 2026Balanced skew
Call IV0.20
Put IV0.24
Skew0.04
18 Dec 2026Balanced skew
Call IV0.20
Put IV0.24
Skew0.04
15 Jan 2027Balanced skew
Call IV0.19
Put IV0.23
Skew0.04
19 Mar 2027Balanced skew
Call IV0.19
Put IV0.24
Skew0.05

Contract Tape

Most active contracts

Full contract tape
ContractNSC260821P00330000
SidePut
Expiry21 Aug 2026
Strike330.00
Volume152
OI101
IV0.23
ContractNSC270115C00330000
SideCall
Expiry15 Jan 2027
Strike330.00
Volume73
OI191
IV0.21
ContractNSC280121C00380000
SideCall
Expiry21 Jan 2028
Strike380.00
Volume73
OI6
IV0.23
ContractNSC260918C00340000
SideCall
Expiry18 Sep 2026
Strike340.00
Volume20
OI282
IV0.21
ContractNSC270319P00250000
SidePut
Expiry19 Mar 2027
Strike250.00
Volume12
OI468
IV0.13
ContractNSC270319P00260000
SidePut
Expiry19 Mar 2027
Strike260.00
Volume11
OI1
IV0.26
ContractNSC260918P00330000
SidePut
Expiry18 Sep 2026
Strike330.00
Volume7
OI10
IV0.24
ContractNSC260918C00350000
SideCall
Expiry18 Sep 2026
Strike350.00
Volume5
OI168
IV0.21