Ticker Options Intelligence

ITRI options intelligence

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

Conviction 55 Market data through 30 Jul 2026 Checked 31 Jul 2026 11:26 · complete available chain

Put-side pressure

Bearish pressure

ITRI currently carries bearish options pressure with a 54/100 conviction score. The nearest-chain expected move is 17.9%, with volume/open-interest participation at 0.02.

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

Put-side pressure

Expected move 17.9%

Wider near-term move priced

Activity / OI 0.02

Current volume is quieter versus prior open interest

Put-call 4.48

Put-side skew

Trend fit 67

Options agree with trend context

Weekly backdrop +18.3%

RS -9.2

Expected move 17.9%
Put-call volume 4.48
Volume / OI 0.02
Reference IV 0.37
Max pain 95.00
Underlying 84.22
Nearest expiry 21 Aug 2026
Contracts 230

Research Brief

ITRI has a bearish chain read with 54/100 evidence alignment.

The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 69.12–99.32; The largest call open-interest concentration is 115.00; the largest put concentration is 65.00. The most active strike by current volume is 80.00.

Priced range69.12–99.32
Call concentration115.00
Put concentration65.00
Max pain reference95.00
What would confirm it
  • Price remains weak while put-side concentration persists.
  • The current chain read already agrees with the stored weekly trend context.
What would weaken it
  • Price recovers while put pressure fades or reverses toward calls.

Priced Move

Where the chain says movement becomes exceptional

Size, not direction · through 21 Aug

Options imply 69.12 to 99.32. Max pain at 95.00 sits inside that range, 12.8% above spot.

Spot Max pain
69.1284.22 ± 15.1099.32
Confirmation level

A close beyond 99.32 or below 69.12 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

Evidence alignment, not probability

Pressure is 66/100 toward puts; conviction uses its strength, while the signal label carries its direction.

Directional pressure66 × 42%
+27.7

How strongly activity leans toward calls or puts.

Participation12 × 22%
+2.7

Volume relative to existing open interest and contract-level activity.

Trend agreement67 × 26%
+17.5

How closely the chain read agrees with the underlying trend backdrop.

Volatility66 × 10%
+6.6

The intensity of implied volatility and the priced move.

Reconstructed score54.5Matches stored calculation

Positioning by Strike

Where open interest and current activity concentrate

Full strike map

The largest call open-interest concentration is 115.00; the largest put concentration is 65.00. The most active strike by current volume is 80.00. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.

Put open interestStrikeCall open interest
22
45.00-46.6%
0
39
60.00-28.8%
1
1817
65.00-22.8%
0
74
70.00-16.9%
3
197
75.00-10.9%
2
152
80.00-5.0%
4
1290
85.000.9%
99
234
90.006.9%
96
10
95.0012.8%
100
189
100.0018.7%
73
14
105.0024.7%
32
73
110.0030.6%
63
1
115.0036.5%
320
9
120.0042.5%
22
0
125.0048.4%
8
0
130.0054.4%
2
0
150.0078.1%
17
Nearest spot strike Max pain strikeBars show relative OI within this expiry

Volatility Curve

Back-loaded volatility

0.73× front/back

Longer-dated options carry more implied volatility than the front expiry, so risk is priced farther out.

0.37 21 Aug 22d
0.48 18 Sep 50d
0.53 20 Nov 113d
0.52 18 Dec 141d
0.51 19 Feb 204d

Volatility by Strike

Downside protection premium

Nearest expiry, within 20% of spot

Out-of-the-money puts carry higher implied volatility than comparable calls, indicating richer downside protection.

70
75
80
85
90
95
100
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

Usable with limits

C69/100
Retained chain100%
Implied volatility100%
Two-sided quotes100%
Open interest100%
Chain status
Complete available chain
Market date
30 Jul 2026
Calculation
v2.0
Contracts
230 / 230
  • 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

Put-heavy activity

81/100
Primary intent Put-heavy activity

Put-side activity dominates. This can reflect hedging or directional positioning, but the chain alone cannot distinguish buying from selling.

Flow vs price divergence Bearish flow against rising price

Put-side pressure is building while price is rising, a cautionary divergence.

Why this matters

Put-heavy activity matters because it connects the options headline to the actual evidence: $72608 of estimated gross traded notional, calls · 91+ days · itm, and a bearish flow against rising price backdrop. Use it as a research priority signal, then validate the chart, liquidity, event calendar, and risk before acting.

Options pressure-66
1W price+18.3%
Call premium46%
Put premium54%
Notional split C 46% / P 54% 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 67/100 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.
Conviction clusters Calls · 91+ days · ITM
Calls · 91+ days · ITM calls cluster with 9 contracts traded, $27000 estimated gross traded notional, and 37% of visible notional.
$27000
Puts · 91+ days · ITM puts cluster with 13 contracts traded, $14390 estimated gross traded notional, and 20% of visible notional.
$14390
Puts · 46-90 days · ITM puts cluster with 25 contracts traded, $14305 estimated gross traded notional, and 20% of visible notional.
$14305
Puts · 8-21 days · ITM puts cluster with 31 contracts traded, $9455 estimated gross traded notional, and 13% of visible notional.
$9455
Calls · 8-21 days · OTM calls cluster with 16 contracts traded, $4458 estimated gross traded notional, and 6% of visible notional.
$4458

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

Warming up

-

2 of 10 completed market sessions are available. More session history is needed before activity can be compared with a reliable normal.

Baseline: 2 completed sessions

Volume rank-
Volume/OI rank-
IV rank-

Market Context

Underlying confirmation

Sharemaestro weekly
Close99.66
1W+18.3%
RS-9.2
Fair value+2.3%
Options pressure-66
Speculation12
Volatility66
Trend fit67

Today Versus Normal

Stored-options context

View history
Expected move 17.9% history building
30d avg - · 2/10 sessions -
90d avg - · 2/30 sessions -
180d avg - · 2/60 sessions -
IV 0.37 history building
30d avg - · 2/10 sessions -
90d avg - · 2/30 sessions -
180d avg - · 2/60 sessions -
Put-call 4.48 history building
30d avg - · 2/10 sessions -
90d avg - · 2/30 sessions -
180d avg - · 2/60 sessions -
Volume/OI 0.02 history building
30d avg - · 2/10 sessions -
90d avg - · 2/30 sessions -
180d avg - · 2/60 sessions -

Pressure Trail

Recent pressure and volatility

Open trail
29 Jul 10:50 Volatility
Pressure -48
Move 26.9%
30 Jul 10:41 Bullish
Pressure 46
Move 22.8%
31 Jul 10:26 Bearish
Pressure -66
Move 17.9%

Strike Map

Where activity is clustering

Full strike map
Strike45.00
Calls · V 0 · OI 0
Puts · V 0 · OI 22
Strike50.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike55.00
Calls · V 0 · OI 0
Puts · V 0 · OI 1
Strike60.00
Calls · V 0 · OI 1
Puts · V 0 · OI 39
Strike65.00
Calls · V 0 · OI 0
Puts · V 0 · OI 1817
Strike70.00
Calls · V 0 · OI 3
Puts · V 0 · OI 74
Strike75.00
Calls · V 0 · OI 2
Puts · V 0 · OI 197
Strike80.00
Calls · V 0 · OI 4
Puts · V 50 · OI 152

Term Structure

Expiration activity

Volume and IV
Expiry21 Aug 2026
Contracts46
Avg IV0.37
Put-call5.06
Expiry18 Sep 2026
Contracts46
Avg IV0.48
Put-call-
Expiry20 Nov 2026
Contracts46
Avg IV0.53
Put-call3.50
Expiry18 Dec 2026
Contracts46
Avg IV0.52
Put-call-
Expiry19 Feb 2027
Contracts46
Avg IV0.51
Put-call-

Skew

Call/put IV balance

OTM demand
21 Aug 2026Call IV premium
Call IV0.46
Put IV0.34
Skew-0.13
18 Sep 2026Put IV premium
Call IV0.36
Put IV0.57
Skew0.21
20 Nov 2026Balanced skew
Call IV0.48
Put IV0.53
Skew0.05
18 Dec 2026Balanced skew
Call IV0.46
Put IV0.51
Skew0.05
19 Feb 2027Balanced skew
Call IV0.48
Put IV0.51
Skew0.03

Contract Tape

Most active contracts

Full contract tape
ContractITRI260821P00080000
SidePut
Expiry21 Aug 2026
Strike80.00
Volume50
OI152
IV0.34
ContractITRI260918P00100000
SidePut
Expiry18 Sep 2026
Strike100.00
Volume20
OI20
IV0.34
ContractITRI260821P00095000
SidePut
Expiry21 Aug 2026
Strike95.00
Volume15
OI10
IV0.38
ContractITRI261120P00100000
SidePut
Expiry20 Nov 2026
Strike100.00
Volume12
OI21
IV0.50
ContractITRI260821P00100000
SidePut
Expiry21 Aug 2026
Strike100.00
Volume11
OI189
IV0.39
ContractITRI270219C00075000
SideCall
Expiry19 Feb 2027
Strike75.00
Volume6
OI-
IV0.51
ContractITRI260821C00100000
SideCall
Expiry21 Aug 2026
Strike100.00
Volume5
OI73
IV0.37
ContractITRI260821C00120000
SideCall
Expiry21 Aug 2026
Strike120.00
Volume5
OI22
IV0.30