Ticker Options Intelligence

CPK options intelligence

Chesapeake Utilities Corporation options pressure, expected move, strike concentration, and Sharemaestro trend context.

Conviction 43 Market data through 31 Jul 2026 Checked 31 Jul 2026 23:34 · complete available chain

Call-side pressure

Bullish pressure

CPK currently carries bullish options pressure with a 43/100 conviction score. The nearest-chain expected move is 10.5%, with volume/open-interest participation at 0.36.

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

Call-side pressure

Expected move 10.5%

Wider near-term move priced

Activity / OI 0.36

Current volume is quieter versus prior open interest

Put-call 0.16

Call-side skew

Trend fit 0

Options are not fully confirming trend

Weekly backdrop -2.2%

RS -4.4

Expected move 10.5%
Put-call volume 0.16
Volume / OI 0.36
Reference IV 0.44
Max pain 130.00
Underlying 135.78
Nearest expiry 21 Aug 2026
Contracts 33

Research Brief

CPK has a bullish chain read with 43/100 evidence alignment.

The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 121.56–150.00; The largest call open-interest concentration is 140.00; the largest put concentration is 115.00. The most active strike by current volume is 140.00.

Priced range121.56–150.00
Call concentration140.00
Put concentration115.00
Max pain reference130.00
What would confirm it
  • Price holds or improves while call-side concentration remains elevated.
What would weaken it
  • Price weakens while call pressure fades or reverses toward puts.
  • 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 121.56 to 150.00. Max pain at 130.00 sits inside that range, 4.3% below spot.

Spot Max pain
121.56135.78 ± 14.22150.00
Confirmation level

A close beyond 150.00 or below 121.56 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 43/100

Evidence alignment, not probability

Pressure is 73/100 toward calls; conviction uses its strength, while the signal label carries its direction.

Directional pressure73 × 42%
+30.7

How strongly activity leans toward calls or puts.

Participation24 × 22%
+5.3

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

Trend agreement0 × 26%
+0.0

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

Volatility71 × 10%
+7.1

The intensity of implied volatility and the priced move.

Reconstructed score43.1Matches stored calculation

Positioning by Strike

Where open interest and current activity concentrate

Full strike map

The largest call open-interest concentration is 140.00; the largest put concentration is 115.00. The most active strike by current volume is 140.00. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.

Put open interestStrikeCall open interest
1
115.00-15.3%
0
1
130.00-4.3%
0
0
135.00-0.6%
3
0
140.003.1%
6
Nearest spot strike Max pain strikeBars show relative OI within this expiry

Volatility Curve

Front-loaded volatility

1.52× front/back

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

0.44 21 Aug 21d
0.31 18 Sep 49d
0.34 18 Dec 140d
0.29 19 Mar 231d

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.

115
130
135
140
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

A95/100
Retained chain100%
Implied volatility100%
Two-sided quotes100%
Open interest100%
Chain status
Complete available chain
Market date
31 Jul 2026
Calculation
v2.0
Contracts
33 / 33
  • 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

77/100
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 Bullish flow against weak price

Options are leaning call-side while the stock is down on the week, a divergence that needs price confirmation.

Why this matters

Earnings/event positioning matters because it connects the options headline to the actual evidence: $73554 of estimated gross traded notional, calls · 91+ days · itm, and a bullish flow against weak price backdrop. Use it as a research priority signal, then validate the chart, liquidity, event calendar, and risk before acting.

Options pressure+73
1W price-2.2%
Call premium95%
Put premium5%
Notional split C 95% / P 5% Estimated gross traded notional uses volume × contract multiplier × midpoint, or last price when no valid midpoint is available.
Freshness 0.36 Volume divided by open interest across the visible chain.
Trend fit 0/100 Agreement between options pressure and Sharemaestro market context.
Event window 6 Aug Matched earnings event is 5 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 · ITM
Calls · 91+ days · ITM calls cluster with 29 contracts traded, $36435 estimated gross traded notional, and 50% of visible notional.
$36435
Calls · 91+ days · OTM calls cluster with 30 contracts traded, $12458 estimated gross traded notional, and 17% of visible notional.
$12458
Calls · 46-90 days · ATM calls cluster with 25 contracts traded, $7625 estimated gross traded notional, and 10% of visible notional.
$7625
Calls · 46-90 days · ITM calls cluster with 5 contracts traded, $4670 estimated gross traded notional, and 6% of visible notional.
$4670
Calls · 8-21 days · OTM calls cluster with 12 contracts traded, $4392 estimated gross traded notional, and 6% of visible notional.
$4392

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
Close132.78
1W-2.2%
RS-4.4
Fair value+15.2%
Options pressure73
Speculation24
Volatility71
Trend fit0

Today Versus Normal

Stored-options context

View history
Expected move 10.5% history building
30d avg - · 3/10 sessions -
90d avg - · 3/30 sessions -
180d avg - · 3/60 sessions -
IV 0.44 history building
30d avg - · 3/10 sessions -
90d avg - · 3/30 sessions -
180d avg - · 3/60 sessions -
Put-call 0.16 history building
30d avg - · 3/10 sessions -
90d avg - · 3/30 sessions -
180d avg - · 3/60 sessions -
Volume/OI 0.36 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 10:54 Bullish
Pressure 48
Move 5.8%
30 Jul 10:45 Bullish
Pressure 98
Move 5.5%
30 Jul 17:10 Bullish
Pressure 70
Move 11.0%
31 Jul 10:14 Mixed
Pressure 0
Move 4.9%
31 Jul 15:09 Bullish
Pressure 73
Move 10.6%
31 Jul 22:34 Bullish
Pressure 73
Move 10.5%

Strike Map

Where activity is clustering

Full strike map
Strike115.00
Calls · V 0 · OI 0
Puts · V 0 · OI 1
Strike130.00
Calls · V 0 · OI 0
Puts · V 0 · OI 1
Strike135.00
Calls · V 2 · OI 3
Puts · V 0 · OI 0
Strike140.00
Calls · V 12 · OI 6
Puts · V 0 · OI 0

Term Structure

Expiration activity

Volume and IV
Expiry21 Aug 2026
Contracts4
Avg IV0.44
Put-call-
Expiry18 Sep 2026
Contracts18
Avg IV0.31
Put-call0.47
Expiry18 Dec 2026
Contracts9
Avg IV0.34
Put-call0.06
Expiry19 Mar 2027
Contracts2
Avg IV0.29
Put-call-

Skew

Call/put IV balance

OTM demand
21 Aug 2026Balanced skew
Call IV0.41
Put IV0.39
Skew-0.02
18 Sep 2026Call IV premium
Call IV0.35
Put IV0.28
Skew-0.08
18 Dec 2026Put IV premium
Call IV0.26
Put IV0.38
Skew0.12
19 Mar 2027Incomplete skew
Call IV0.26
Put IV-
Skew-

Contract Tape

Most active contracts

Full contract tape
ContractCPK261218P00080000
SidePut
Expiry18 Dec 2026
Strike80.00
Volume-
OI54
IV0.57
ContractCPK261218C00185000
SideCall
Expiry18 Dec 2026
Strike185.00
Volume-
OI1
IV0.43
ContractCPK260918P00095000
SidePut
Expiry18 Sep 2026
Strike95.00
Volume-
OI1
IV0.66
ContractCPK260821P00115000
SidePut
Expiry21 Aug 2026
Strike115.00
Volume-
OI1
IV0.55
ContractCPK260918C00155000
SideCall
Expiry18 Sep 2026
Strike155.00
Volume-
OI1
IV0.47
ContractCPK260918P00100000
SidePut
Expiry18 Sep 2026
Strike100.00
Volume-
OI1
IV0.65
ContractCPK260918P00115000
SidePut
Expiry18 Sep 2026
Strike115.00
Volume-
OI1
IV0.48
ContractCPK260821P00130000
SidePut
Expiry21 Aug 2026
Strike130.00
Volume-
OI1
IV0.39