Primary read
Volatility
Volatility expansion watch
Ticker Options Intelligence
AEVA options intelligence
Aeva Technologies, Inc. Common Stock options pressure, expected move, strike concentration, and Sharemaestro trend context.
Conviction
53
Market data through 31 Jul 2026
Checked 2 Aug 2026 14:45 · complete available chain
Volatility expansion watch
Volatility pressure
AEVA currently carries volatility options pressure with a 53/100 conviction score. The nearest-chain expected move is 24.9%, with volume/open-interest participation at 0.01.
Expected move
24.9%
Wider near-term move priced
Activity / OI
0.01
Current volume is quieter versus prior open interest
Put-call
0.11
Call-side skew
Trend fit
3
Options are not fully confirming trend
Weekly backdrop
+18.1%
RS 0.3
Expected move
24.9%
Put-call volume
0.11
Volume / OI
0.01
Reference IV
1.40
Max pain
17.50
Underlying
17.54
Nearest expiry
21 Aug 2026
Contracts
200
Research Brief
AEVA has a volatility chain read with 53/100 evidence alignment.
The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 13.16–21.92; The largest call open-interest concentration is 30.00; the largest put concentration is 12.50. The most active strike by current volume is 22.50.
Priced range13.16–21.92
Call concentration30.00
Put concentration12.50
Max pain reference17.50
- 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 13.16 to 21.92. Max pain at 17.50 sits inside that range, 0.2% below spot.
Spot
Max pain
13.1617.54 ± 4.3821.92
Confirmation level
A close beyond 21.92 or below 13.16 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 53/100
Pressure is 88/100 toward calls; conviction uses its strength, while the signal label carries its direction.
Directional pressure88 × 42%
+36.8
How strongly activity leans toward calls or puts.
Participation24 × 22%
+5.3
Volume relative to existing open interest and contract-level activity.
Trend agreement3 × 26%
+0.8
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 30.00; the largest put concentration is 12.50. The most active strike by current volume is 22.50. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.
Put open interestStrikeCall open interest
0
2.50-85.7%
0
4
5.00-71.5%
6
30
7.50-57.2%
44
203
10.00-43.0%
6
966
12.50-28.7%
8
955
15.00-14.5%
162
288
17.50-0.2%
203
234
20.0014.0%
2055
79
22.5028.3%
532
21
25.0042.5%
744
38
30.0071.0%
2585
1
35.0099.5%
342
0
40.00128.1%
113
0
45.00156.6%
10
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.
1.40
21 Aug
21d
1.31
18 Sep
49d
1.22
16 Oct
77d
1.20
20 Nov
112d
1.20
18 Dec
140d
1.20
15 Jan
168d
1.18
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.
15
18
20
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
- 200 / 200
- 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: $60568 of estimated gross traded notional, calls · 8-21 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+88
1W price+18.1%
Call premium94%
Put premium6%
Notional split
C 94% / P 6%
Estimated gross traded notional uses volume × contract multiplier × midpoint, or last price when no valid midpoint is available.
Freshness
0.01
Volume divided by open interest across the visible chain.
Trend fit
3/100
Agreement between options pressure and Sharemaestro market context.
Event window
5 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.
Calls · 8-21 days · OTM
calls cluster with 230 contracts traded, $22502 estimated gross traded notional, and 37% of visible notional.
$22502
Calls · 91+ days · ITM
calls cluster with 15 contracts traded, $13795 estimated gross traded notional, and 23% of visible notional.
$13795
Calls · 8-21 days · ITM
calls cluster with 11 contracts traded, $5730 estimated gross traded notional, and 9% of visible notional.
$5730
Calls · 46-90 days · OTM
calls cluster with 29 contracts traded, $4220 estimated gross traded notional, and 7% of visible notional.
$4220
Calls · 91+ days · OTM
calls cluster with 12 contracts traded, $4200 estimated gross traded notional, and 7% of visible notional.
$4200
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.
Underlying price is close to the max-pain zone.
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
Close17.54
1W+18.1%
RS0.3
Fair value+81.3%
Options pressure88
Speculation24
Volatility96
Trend fit3
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 11:05
Bullish
Pressure 39
Move 27.8%
30 Jul 07:48
Volatility
Pressure -30
Move 27.6%
30 Jul 15:21
Mixed
Pressure 14
Move 25.8%
30 Jul 15:41
Mixed
Pressure 13
Move 25.8%
30 Jul 19:42
Volatility
Pressure 86
Move 26.8%
31 Jul 13:19
Volatility
Pressure 94
Move 26.9%
1 Aug 05:13
Volatility
Pressure 88
Move 32.5%
2 Aug 13:45
Volatility
Pressure 88
Move 24.9%
Strike Map
Where activity is clustering
Strike2.50
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike5.00
Calls · V 0 · OI 6
Puts · V 0 · OI 4
Strike7.50
Calls · V 0 · OI 44
Puts · V 0 · OI 30
Strike10.00
Calls · V 2 · OI 6
Puts · V 0 · OI 203
Strike12.50
Calls · V 4 · OI 8
Puts · V 6 · OI 966
Strike15.00
Calls · V 5 · OI 162
Puts · V 21 · OI 955
Strike17.50
Calls · V 11 · OI 203
Puts · V 4 · OI 288
Strike20.00
Calls · V 77 · OI 2055
Puts · V 0 · OI 234
Term Structure
Expiration activity
Expiry21 Aug 2026
Contracts28
Avg IV1.40
Put-call0.12
Expiry18 Sep 2026
Contracts26
Avg IV1.31
Put-call0.22
Expiry16 Oct 2026
Contracts28
Avg IV1.22
Put-call-
Expiry20 Nov 2026
Contracts28
Avg IV1.20
Put-call-
Expiry18 Dec 2026
Contracts30
Avg IV1.20
Put-call-
Skew
Call/put IV balance
21 Aug 2026Balanced skew
Call IV1.35
Put IV1.33
Skew-0.02
18 Sep 2026Balanced skew
Call IV1.30
Put IV1.26
Skew-0.04
16 Oct 2026Balanced skew
Call IV1.26
Put IV1.29
Skew0.03
20 Nov 2026Balanced skew
Call IV1.13
Put IV1.15
Skew0.02
18 Dec 2026Balanced skew
Call IV1.21
Put IV1.18
Skew-0.03
Contract Tape
Most active contracts
ContractAEVA260821C00022500
SideCall
Expiry21 Aug 2026
Strike22.50
Volume111
OI532
IV1.35
ContractAEVA260821C00020000
SideCall
Expiry21 Aug 2026
Strike20.00
Volume77
OI2055
IV1.45
ContractAEVA260821C00025000
SideCall
Expiry21 Aug 2026
Strike25.00
Volume24
OI744
IV1.42
ContractAEVA260821P00015000
SidePut
Expiry21 Aug 2026
Strike15.00
Volume21
OI955
IV1.33
ContractAEVA260918C00025000
SideCall
Expiry18 Sep 2026
Strike25.00
Volume15
OI34
IV1.30
ContractAEVA260821C00045000
SideCall
Expiry21 Aug 2026
Strike45.00
Volume14
OI10
IV1.45
ContractAEVA260821C00017500
SideCall
Expiry21 Aug 2026
Strike17.50
Volume11
OI203
IV1.39
ContractAEVA261016C00017500
SideCall
Expiry16 Oct 2026
Strike17.50
Volume10
OI53
IV1.16
Research Graph
Related research and context
Sharemaestro research
Related News
No recent ticker-specific news yet.
Market Watch
No recent market-watch posts yet.
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.