Ticker Options Intelligence

CRL options intelligence

Charles River Laboratories options pressure, expected move, strike concentration, and Sharemaestro trend context.

Conviction 58 Market data through 31 Jul 2026 Checked 1 Aug 2026 19:46 · complete available chain

Volatility expansion watch

Volatility pressure

CRL currently carries volatility options pressure with a 58/100 conviction score. The nearest-chain expected move is 12.6%, with volume/open-interest participation at 0.03.

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

Volatility expansion watch

Expected move 12.6%

Wider near-term move priced

Activity / OI 0.03

Current volume is quieter versus prior open interest

Put-call 53.50

Put-side skew

Trend fit 13

Options are not fully confirming trend

Weekly backdrop +2.6%

RS 17.5

Expected move 12.6%
Put-call volume 53.50
Volume / OI 0.03
Reference IV 0.66
Max pain 190.00
Underlying 232.51
Nearest expiry 21 Aug 2026
Contracts 446

Research Brief

CRL has a volatility chain read with 58/100 evidence alignment.

The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 203.26–261.76; The largest call open-interest concentration is 170.00; the largest put concentration is 210.00. The most active strike by current volume is 230.00.

Priced range203.26–261.76
Call concentration170.00
Put concentration210.00
Max pain reference190.00
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 203.26 to 261.76. Max pain at 190.00 lies outside the priced range, so it is a weak near-term anchor.

Spot Max pain
203.26232.51 ± 29.25261.76
Confirmation level

A close beyond 261.76 or below 203.26 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 58/100

Evidence alignment, not probability

Pressure is 89/100 toward puts; conviction uses its strength, while the signal label carries its direction.

Directional pressure89 × 42%
+37.3

How strongly activity leans toward calls or puts.

Participation41 × 22%
+8.9

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

Trend agreement13 × 26%
+3.3

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

Volatility86 × 10%
+8.6

The intensity of implied volatility and the priced move.

Reconstructed score58.2Matches stored calculation

Positioning by Strike

Where open interest and current activity concentrate

Full strike map

The largest call open-interest concentration is 170.00; the largest put concentration is 210.00. The most active strike by current volume is 230.00. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.

Put open interestStrikeCall open interest
10
110.00-52.7%
0
15
120.00-48.4%
0
13
125.00-46.2%
0
10
170.00-26.9%
197
12
175.00-24.7%
26
17
180.00-22.6%
51
2
185.00-20.4%
11
23
190.00-18.3%
10
15
195.00-16.1%
10
52
200.00-14.0%
12
118
210.00-9.7%
79
7
220.00-5.4%
131
9
230.00-1.1%
85
72
240.003.2%
25
0
250.007.5%
21
1
260.0011.8%
78
0
270.0016.1%
12
Nearest spot strike Max pain strikeBars show relative OI within this expiry

Volatility Curve

Front-loaded volatility

1.26× front/back

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

0.66 21 Aug 21d
0.58 18 Sep 49d
0.55 16 Oct 77d
0.56 20 Nov 112d
0.54 18 Dec 140d
0.53 19 Feb 203d

Volatility by Strike

Balanced wings

Nearest expiry, within 20% of spot

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

190
195
200
210
220
230
240
250
260
270
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
446 / 446
  • 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

94/100
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: $131445 of estimated gross traded notional, puts · 8-21 days · atm, 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-89
1W price+2.6%
Call premium0%
Put premium100%
Notional split C 0% / P 100% Estimated gross traded notional uses volume × contract multiplier × midpoint, or last price when no valid midpoint is available.
Freshness 0.03 Volume divided by open interest across the visible chain.
Trend fit 13/100 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.
Conviction clusters Puts · 8-21 days · ATM
Puts · 8-21 days · ATM puts cluster with 100 contracts traded, $130000 estimated gross traded notional, and 99% of visible notional.
$130000
Puts · 8-21 days · OTM puts cluster with 6 contracts traded, $730 estimated gross traded notional, and 1% of visible notional.
$730
Calls · 8-21 days · OTM calls cluster with 2 contracts traded, $420 estimated gross traded notional, and 0% of visible notional.
$420
Puts · 46-90 days · OTM puts cluster with 1 contracts traded, $295 estimated gross traded notional, and 0% of visible notional.
$295

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
Close232.51
1W+2.6%
RS17.5
Fair value+22.4%
Options pressure-89
Speculation41
Volatility86
Trend fit13

Today Versus Normal

Stored-options context

View history
Expected move 12.6% history building
30d avg - · 3/10 sessions -
90d avg - · 3/30 sessions -
180d avg - · 3/60 sessions -
IV 0.66 history building
30d avg - · 3/10 sessions -
90d avg - · 3/30 sessions -
180d avg - · 3/60 sessions -
Put-call 53.50 history building
30d avg - · 3/10 sessions -
90d avg - · 3/30 sessions -
180d avg - · 3/60 sessions -
Volume/OI 0.03 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 10:31 Bullish
Pressure 42
Move 14.8%
30 Jul 10:30 Bearish
Pressure -52
Move 13.7%
31 Jul 10:21 Mixed
Pressure 5
Move 13.5%
1 Aug 04:37 Volatility
Pressure -89
Move 12.9%
1 Aug 18:46 Volatility
Pressure -89
Move 12.6%

Strike Map

Where activity is clustering

Full strike map
Strike80.00
Calls · V 0 · OI 0
Puts · V 2 · OI 1
Strike85.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike90.00
Calls · V 0 · OI 0
Puts · V 0 · OI 1
Strike95.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike100.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike105.00
Calls · V 0 · OI 0
Puts · V 0 · OI 1
Strike110.00
Calls · V 0 · OI 0
Puts · V 0 · OI 10
Strike115.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0

Term Structure

Expiration activity

Volume and IV
Expiry21 Aug 2026
Contracts76
Avg IV0.66
Put-call53.00
Expiry18 Sep 2026
Contracts56
Avg IV0.58
Put-call-
Expiry16 Oct 2026
Contracts80
Avg IV0.55
Put-call-
Expiry20 Nov 2026
Contracts80
Avg IV0.56
Put-call-
Expiry18 Dec 2026
Contracts80
Avg IV0.54
Put-call-

Skew

Call/put IV balance

OTM demand
21 Aug 2026Balanced skew
Call IV0.65
Put IV0.68
Skew0.03
18 Sep 2026Balanced skew
Call IV0.58
Put IV0.59
Skew0.01
16 Oct 2026Balanced skew
Call IV0.54
Put IV0.57
Skew0.03
20 Nov 2026Balanced skew
Call IV0.55
Put IV0.57
Skew0.02
18 Dec 2026Balanced skew
Call IV0.54
Put IV0.55
Skew0.01

Contract Tape

Most active contracts

Full contract tape
ContractCRL260821P00230000
SidePut
Expiry21 Aug 2026
Strike230.00
Volume100
OI9
IV0.66
ContractCRL260821P00185000
SidePut
Expiry21 Aug 2026
Strike185.00
Volume4
OI2
IV0.75
ContractCRL260821P00080000
SidePut
Expiry21 Aug 2026
Strike80.00
Volume2
OI1
IV1.41
ContractCRL260821C00280000
SideCall
Expiry21 Aug 2026
Strike280.00
Volume1
OI5
IV0.69
ContractCRL260918P00180000
SidePut
Expiry18 Sep 2026
Strike180.00
Volume1
OI-
IV0.63
ContractCRL260821C00330000
SideCall
Expiry21 Aug 2026
Strike330.00
Volume1
OI-
IV0.91
ContractCRL261218C00230000
SideCall
Expiry18 Dec 2026
Strike230.00
Volume-
OI743
IV0.53
ContractCRL261218P00140000
SidePut
Expiry18 Dec 2026
Strike140.00
Volume-
OI256
IV0.59