Primary read
Bullish
Call-side pressure
Ticker Options Intelligence
CW options intelligence
Curtiss-Wright Corporation options pressure, expected move, strike concentration, and Sharemaestro trend context.
Conviction
55
Market data through 31 Jul 2026
Checked 1 Aug 2026 07:52 · complete available chain
Call-side pressure
Bullish pressure
CW currently carries bullish options pressure with a 55/100 conviction score. The nearest-chain expected move is 9.1%, with volume/open-interest participation at 0.02.
Expected move
9.1%
Wider near-term move priced
Activity / OI
0.02
Current volume is quieter versus prior open interest
Put-call
0.05
Call-side skew
Trend fit
7
Options are not fully confirming trend
Weekly backdrop
+6.0%
RS 11.0
Expected move
9.1%
Put-call volume
0.05
Volume / OI
0.02
Reference IV
0.46
Max pain
750.00
Underlying
750.19
Nearest expiry
21 Aug 2026
Contracts
652
Research Brief
CW has a bullish chain read with 55/100 evidence alignment.
The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 682.04–818.34; The largest call open-interest concentration is 790.00; the largest put concentration is 730.00. The most active strike by current volume is 620.00.
Priced range682.04–818.34
Call concentration790.00
Put concentration730.00
Max pain reference750.00
- Price holds or improves while call-side concentration remains elevated.
- Price weakens while call pressure fades or reverses toward puts.
- Options and the weekly trend are not yet giving the same message.
Priced Move
Where the chain says movement becomes exceptional
Options imply 682.04 to 818.34. Max pain at 750.00 sits inside that range, 0.0% below spot.
Spot
Max pain
682.04750.19 ± 68.15818.34
Confirmation level
A close beyond 818.34 or below 682.04 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
Pressure is 89/100 toward calls; 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 agreement7 × 26%
+1.7
How closely the chain read agrees with the underlying trend backdrop.
Volatility68 × 10%
+6.8
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 790.00; the largest put concentration is 730.00. The most active strike by current volume is 620.00. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.
Put open interestStrikeCall open interest
15
640.00-14.7%
1
13
700.00-6.7%
6
6
710.00-5.4%
14
6
720.00-4.0%
12
400
730.00-2.7%
28
14
740.00-1.4%
10
14
750.000.0%
57
56
770.002.6%
13
8
780.004.0%
66
0
790.005.3%
354
0
800.006.6%
16
1
810.008.0%
43
9
840.0012.0%
51
18
850.0013.3%
2
6
860.0014.6%
6
3
880.0017.3%
14
0
900.0020.0%
13
Nearest spot strike Max pain strikeBars show relative OI within this expiry
Volatility Curve
Balanced volatility curve
Near- and longer-dated implied volatility are broadly aligned; no exceptional front-expiry premium is visible.
0.46
21 Aug
21d
0.43
18 Sep
49d
0.44
20 Nov
112d
0.44
18 Dec
140d
0.44
19 Mar
231d
Volatility by Strike
Downside protection premium
Out-of-the-money puts carry higher implied volatility than comparable calls, indicating richer downside protection.
610
620
640
650
670
680
700
710
730
740
750
770
780
800
810
830
840
860
870
890
900
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
- 652 / 652
- 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 pressure and weekly price action are pointing in the same constructive direction.
Earnings/event positioning matters because it connects the options headline to the actual evidence: $201595 of estimated gross traded notional, calls · 91+ days · otm, and a bullish flow confirms 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+6.0%
Call premium97%
Put premium3%
Notional split
C 97% / P 3%
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
7/100
Agreement between options pressure and Sharemaestro market context.
Event window
5 Aug
Matched earnings event is 4 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 · 91+ days · OTM
calls cluster with 35 contracts traded, $140335 estimated gross traded notional, and 70% of visible notional.
$140335
Calls · 46-90 days · OTM
calls cluster with 22 contracts traded, $44758 estimated gross traded notional, and 22% of visible notional.
$44758
Calls · 91+ days · ITM
calls cluster with 1 contracts traded, $10340 estimated gross traded notional, and 5% of visible notional.
$10340
Puts · 91+ days · OTM
puts cluster with 2 contracts traded, $5410 estimated gross traded notional, and 3% of visible notional.
$5410
Puts · 8-21 days · OTM
puts cluster with 1 contracts traded, $512 estimated gross traded notional, and 0% of visible notional.
$512
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.
Call pressure is building while the stock sits above Sharemaestro fair value.
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
Close750.19
1W+6.0%
RS11.0
Fair value+83.7%
Options pressure89
Speculation41
Volatility68
Trend fit7
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 10:15
Bearish
Pressure -60
Move 9.6%
30 Jul 10:11
Mixed
Pressure 17
Move 12.0%
30 Jul 15:04
Volatility
Pressure -40
Move 9.9%
31 Jul 11:47
Bearish
Pressure -22
Move 9.4%
1 Aug 06:52
Bullish
Pressure 89
Move 9.1%
Strike Map
Where activity is clustering
Strike300.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike310.00
Calls · V 0 · OI 0
Puts · V 0 · OI 2
Strike320.00
Calls · V 0 · OI 1
Puts · V 0 · OI 2
Strike330.00
Calls · V 0 · OI 1
Puts · V 0 · OI 3
Strike340.00
Calls · V 0 · OI 0
Puts · V 0 · OI 6
Strike350.00
Calls · V 0 · OI 1
Puts · V 0 · OI 6
Strike360.00
Calls · V 0 · OI 0
Puts · V 0 · OI 1
Strike370.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Term Structure
Expiration activity
Expiry21 Aug 2026
Contracts148
Avg IV0.46
Put-call1.00
Expiry18 Sep 2026
Contracts136
Avg IV0.43
Put-call-
Expiry20 Nov 2026
Contracts120
Avg IV0.44
Put-call0.03
Expiry18 Dec 2026
Contracts122
Avg IV0.44
Put-call-
Expiry19 Mar 2027
Contracts126
Avg IV0.44
Put-call-
Skew
Call/put IV balance
21 Aug 2026Put IV premium
Call IV0.44
Put IV0.51
Skew0.07
18 Sep 2026Put IV premium
Call IV0.41
Put IV0.49
Skew0.08
20 Nov 2026Put IV premium
Call IV0.41
Put IV0.47
Skew0.06
18 Dec 2026Put IV premium
Call IV0.41
Put IV0.47
Skew0.06
19 Mar 2027Put IV premium
Call IV0.41
Put IV0.46
Skew0.06
Contract Tape
Most active contracts
ContractCW261120C00800000
SideCall
Expiry20 Nov 2026
Strike800.00
Volume30
OI52
IV0.43
ContractCW260918C00790000
SideCall
Expiry18 Sep 2026
Strike790.00
Volume20
OI1
IV0.42
ContractCW261120C00900000
SideCall
Expiry20 Nov 2026
Strike900.00
Volume3
OI15
IV0.42
ContractCW261120P00650000
SidePut
Expiry20 Nov 2026
Strike650.00
Volume1
OI3
IV0.46
ContractCW260821C00850000
SideCall
Expiry21 Aug 2026
Strike850.00
Volume1
OI2
IV0.21
ContractCW260821P00620000
SidePut
Expiry21 Aug 2026
Strike620.00
Volume1
OI2
IV0.55
ContractCW260918C00940000
SideCall
Expiry18 Sep 2026
Strike940.00
Volume1
OI1
IV0.44
ContractCW261218C00690000
SideCall
Expiry18 Dec 2026
Strike690.00
Volume1
OI1
IV0.46
Research Graph
Related research and context
Sharemaestro research
Related News
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.