Ticker Options Intelligence

HTT options intelligence

High Templar Tech Limited Sponsored ADR Class A options pressure, expected move, strike concentration, and Sharemaestro trend context.

Conviction 35 Market data through 31 Jul 2026 Checked 2 Aug 2026 02:55 · complete available chain

Options-market disagreement

Mixed pressure

HTT currently carries mixed options pressure with a 35/100 conviction score. The nearest-chain expected move is 26.6%, with volume/open-interest participation at 0.01.

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

Options-market disagreement

Expected move 26.6%

Wider near-term move priced

Activity / OI 0.01

Current volume is quieter versus prior open interest

Put-call 1.00

Balanced tape

Trend fit 74

Options agree with trend context

Weekly backdrop +0.4%

RS -34.5

Expected move 26.6%
Put-call volume 1.00
Volume / OI 0.01
Reference IV 2.75
Max pain 2.50
Underlying 2.44
Nearest expiry 21 Aug 2026
Contracts 24

Research Brief

HTT has a mixed chain read with 35/100 evidence alignment.

The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 1.79–3.09; The largest call open-interest concentration is 5.00; the largest put concentration is 2.50. The most active strike by current volume is 2.50.

Priced range1.79–3.09
Call concentration5.00
Put concentration2.50
Max pain reference2.50
What would confirm it
  • A clear directional pressure reading develops and price begins to agree.
  • The current chain read already agrees with the stored weekly trend context.
What would weaken it
  • Volatility falls and the chain remains directionally mixed.
  • 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 1.79 to 3.09. Max pain at 2.50 sits inside that range, 2.5% above spot.

Spot Max pain
1.792.44 ± 0.653.09
Confirmation level

A close beyond 3.09 or below 1.79 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 35/100

Evidence alignment, not probability

Pressure is 12/100 toward puts; conviction uses its strength, while the signal label carries its direction.

Directional pressure12 × 42%
+5.0

How strongly activity leans toward calls or puts.

Participation3 × 22%
+0.8

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

Trend agreement74 × 26%
+19.2

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

Volatility96 × 10%
+9.6

The intensity of implied volatility and the priced move.

Reconstructed score34.6Matches stored calculation

Positioning by Strike

Where open interest and current activity concentrate

Full strike map

The largest call open-interest concentration is 5.00; the largest put concentration is 2.50. The most active strike by current volume is 2.50. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.

Put open interestStrikeCall open interest
6157
2.502.5%
440
0
5.00104.9%
514
0
7.50207.4%
16
Nearest spot strike Max pain strikeBars show relative OI within this expiry

Volatility Curve

Front-loaded volatility

3.28× front/back

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

2.75 21 Aug 21d
0.91 18 Sep 49d
1.01 20 Nov 112d
0.84 19 Feb 203d

Volatility by Strike

Smile incomplete

Nearest expiry, within 20% of spot

There is not enough comparable OTM call and put volatility to classify the smile.

3
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

A97/100
Retained chain100%
Implied volatility100%
Two-sided quotes100%
Open interest100%
Chain status
Complete available chain
Market date
31 Jul 2026
Calculation
v2.0
Contracts
24 / 24
  • 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

81/100
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 No clean flow/price divergence

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

Why this matters

Earnings/event positioning matters because it connects the options headline to the actual evidence: $2475 of estimated gross traded notional, calls · 91+ days · atm, 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+0.4%
Call premium55%
Put premium45%
Notional split C 55% / P 45% 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 74/100 Agreement between options pressure and Sharemaestro market context.
Event window 12 Aug Matched earnings event is 10 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 Calls · 91+ days · ATM
Calls · 91+ days · ATM calls cluster with 30 contracts traded, $1350 estimated gross traded notional, and 55% of visible notional.
$1350
Puts · 91+ days · ATM puts cluster with 30 contracts traded, $1125 estimated gross traded notional, and 45% of visible notional.
$1125

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.

Warning Crowded strike risk

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

Sharemaestro weekly
Close2.44
1W+0.4%
RS-34.5
Fair value-9.8%
Options pressure-12
Speculation3
Volatility96
Trend fit74

Today Versus Normal

Stored-options context

View history
Expected move 26.6% history building
30d avg - · 3/10 sessions -
90d avg - · 3/30 sessions -
180d avg - · 3/60 sessions -
IV 2.75 history building
30d avg - · 3/10 sessions -
90d avg - · 3/30 sessions -
180d avg - · 3/60 sessions -
Put-call 1.00 history building
30d avg - · 1/10 sessions -
90d avg - · 1/30 sessions -
180d avg - · 1/60 sessions -
Volume/OI 0.01 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 11:27 Volatility
Pressure -100
Move 12.3%
30 Jul 11:12 Mixed
Pressure -12
Move 27.8%
30 Jul 17:10 Volatility
Pressure -26
Move 10.3%
31 Jul 00:12 Volatility
Pressure -28
Move 11.3%
1 Aug 05:19 Mixed
Pressure -12
Move 26.7%
2 Aug 01:55 Mixed
Pressure -12
Move 26.6%

Strike Map

Where activity is clustering

Full strike map
Strike2.50
Calls · V 0 · OI 440
Puts · V 0 · OI 6157
Strike5.00
Calls · V 0 · OI 514
Puts · V 0 · OI 0
Strike7.50
Calls · V 0 · OI 16
Puts · V 0 · OI 0

Term Structure

Expiration activity

Volume and IV
Expiry21 Aug 2026
Contracts6
Avg IV2.75
Put-call-
Expiry18 Sep 2026
Contracts6
Avg IV0.91
Put-call-
Expiry20 Nov 2026
Contracts6
Avg IV1.01
Put-call-
Expiry19 Feb 2027
Contracts6
Avg IV0.84
Put-call1.00

Skew

Call/put IV balance

OTM demand
21 Aug 2026Incomplete skew
Call IV0.12
Put IV-
Skew-
18 Sep 2026Incomplete skew
Call IV0.07
Put IV-
Skew-
20 Nov 2026Incomplete skew
Call IV0.64
Put IV-
Skew-
19 Feb 2027Incomplete skew
Call IV1.25
Put IV-
Skew-

Contract Tape

Most active contracts

Full contract tape
ContractHTT270219P00002500
SidePut
Expiry19 Feb 2027
Strike2.50
Volume30
OI130
IV0.52
ContractHTT270219C00002500
SideCall
Expiry19 Feb 2027
Strike2.50
Volume30
OI74
IV0.63
ContractHTT260821P00002500
SidePut
Expiry21 Aug 2026
Strike2.50
Volume-
OI6157
IV0.51
ContractHTT261120C00002500
SideCall
Expiry20 Nov 2026
Strike2.50
Volume-
OI1015
IV0.58
ContractHTT260821C00005000
SideCall
Expiry21 Aug 2026
Strike5.00
Volume-
OI514
IV1.48
ContractHTT260821C00002500
SideCall
Expiry21 Aug 2026
Strike2.50
Volume-
OI440
IV0.12
ContractHTT261120P00002500
SidePut
Expiry20 Nov 2026
Strike2.50
Volume-
OI96
IV0.01
ContractHTT261120C00005000
SideCall
Expiry20 Nov 2026
Strike5.00
Volume-
OI81
IV0.64