Primary read
Bullish
Call-side pressure
Ticker Options Intelligence
CHRW options intelligence
CH Robinson Worldwide Inc options pressure, expected move, strike concentration, and Sharemaestro trend context.
Conviction
56
Market data through 30 Jul 2026
Checked 31 Jul 2026 11:06 · complete available chain
Call-side pressure
Bullish pressure
CHRW currently carries bullish options pressure with a 56/100 conviction score. The nearest-chain expected move is 20.5%, with volume/open-interest participation at 0.28.
Expected move
20.5%
Wider near-term move priced
Activity / OI
0.28
Current volume is quieter versus prior open interest
Put-call
0.10
Call-side skew
Trend fit
5
Options are not fully confirming trend
Weekly backdrop
-20.8%
RS -16.3
Expected move
20.5%
Put-call volume
0.10
Volume / OI
0.28
Reference IV
0.42
Max pain
175.00
Underlying
186.51
Nearest expiry
21 Aug 2026
Contracts
416
Research Brief
CHRW has a bullish chain read with 56/100 evidence alignment.
The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 148.35–224.66; The largest call open-interest concentration is 210.00; the largest put concentration is 110.00. The most active strike by current volume is 155.00.
Priced range148.35–224.66
Call concentration210.00
Put concentration110.00
Max pain reference175.00
- 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 148.35 to 224.66. Max pain at 175.00 sits inside that range, 6.2% below spot.
Spot
Max pain
148.35186.51 ± 38.15224.66
Confirmation level
A close beyond 224.66 or below 148.35 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 56/100
Pressure is 89/100 toward calls; conviction uses its strength, while the signal label carries its direction.
Directional pressure89 × 42%
+37.2
How strongly activity leans toward calls or puts.
Participation47 × 22%
+10.2
Volume relative to existing open interest and contract-level activity.
Trend agreement5 × 26%
+1.3
How closely the chain read agrees with the underlying trend backdrop.
Volatility70 × 10%
+7.0
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 210.00; the largest put concentration is 110.00. The most active strike by current volume is 155.00. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.
Put open interestStrikeCall open interest
2568
110.00-41.0%
26
513
120.00-35.7%
35
158
135.00-27.6%
199
210
145.00-22.3%
1
146
150.00-19.6%
79
230
155.00-16.9%
259
646
160.00-14.2%
93
471
165.00-11.5%
79
281
170.00-8.8%
56
249
180.00-3.5%
63
172
190.001.9%
637
121
195.004.6%
832
165
200.007.2%
691
35
210.0012.6%
866
2
220.0018.0%
784
2
230.0023.3%
435
0
240.0028.7%
434
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.
0.42
21 Aug
22d
0.40
18 Sep
50d
0.43
20 Nov
113d
0.40
15 Jan
169d
0.40
19 Feb
204d
0.38
21 Jan
540d
Volatility by Strike
Upside optionality premium
Out-of-the-money calls carry higher implied volatility than comparable puts, indicating richer upside optionality.
150
155
160
165
170
175
180
185
190
195
200
210
220
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
Usable with limits
Retained chain100%
Implied volatility100%
Two-sided quotes100%
Open interest100%
- Chain status
- Complete available chain
- Market date
- 30 Jul 2026
- Calculation
- v2.0
- Contracts
- 416 / 416
- 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
Multi-expiry position-maintenance candidate
Activity is spread across expirations with heavier open interest than current volume, which can be consistent with position maintenance.
Options are leaning call-side while the stock is down on the week, a divergence that needs price confirmation.
Multi-expiry position-maintenance candidate matters because it connects the options headline to the actual evidence: $26.0M 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+89
1W price-20.8%
Call premium96%
Put premium4%
Notional split
C 96% / P 4%
Estimated gross traded notional uses volume × contract multiplier × midpoint, or last price when no valid midpoint is available.
Freshness
0.28
Volume divided by open interest across the visible chain.
Trend fit
5/100
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.
Roll detection is conservative because opening and closing legs are not directly observable in this snapshot.
Calls · 91+ days · ITM
calls cluster with 6624 contracts traded, $22.7M estimated gross traded notional, and 87% of visible notional.
$22.7M
Calls · 46-90 days · ITM
calls cluster with 1711 contracts traded, $951162 estimated gross traded notional, and 4% of visible notional.
$951162
Calls · 8-21 days · ITM
calls cluster with 1012 contracts traded, $686115 estimated gross traded notional, and 3% of visible notional.
$686115
Puts · 91+ days · OTM
puts cluster with 626 contracts traded, $654662 estimated gross traded notional, and 3% of visible notional.
$654662
Calls · 91+ days · ATM
calls cluster with 540 contracts traded, $307088 estimated gross traded notional, and 1% of visible notional.
$307088
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.
Call pressure is building while the stock sits above Sharemaestro fair value.
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
Close147.73
1W-20.8%
RS-16.3
Fair value+30.6%
Options pressure89
Speculation47
Volatility70
Trend fit5
Today Versus Normal
Stored-options context
30d avg - · 2/10 sessions
-
90d avg - · 2/30 sessions
-
180d avg - · 2/60 sessions
-
30d avg - · 2/10 sessions
-
90d avg - · 2/30 sessions
-
180d avg - · 2/60 sessions
-
30d avg - · 2/10 sessions
-
90d avg - · 2/30 sessions
-
180d avg - · 2/60 sessions
-
30d avg - · 2/10 sessions
-
90d avg - · 2/30 sessions
-
180d avg - · 2/60 sessions
-
Pressure Trail
Recent pressure and volatility
29 Jul 10:18
Volatility
Pressure 74
Move 11.6%
30 Jul 10:13
Volatility
Pressure -44
Move 10.6%
31 Jul 10:06
Bullish
Pressure 89
Move 20.5%
Strike Map
Where activity is clustering
Strike75.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike80.00
Calls · V 0 · OI 0
Puts · V 0 · OI 5
Strike85.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike90.00
Calls · V 0 · OI 0
Puts · V 0 · OI 2
Strike95.00
Calls · V 0 · OI 1
Puts · V 0 · OI 1
Strike100.00
Calls · V 0 · OI 0
Puts · V 0 · OI 3
Strike105.00
Calls · V 0 · OI 0
Puts · V 0 · OI 55
Strike110.00
Calls · V 10 · OI 26
Puts · V 0 · OI 2568
Term Structure
Expiration activity
Expiry21 Aug 2026
Contracts72
Avg IV0.42
Put-call0.24
Expiry18 Sep 2026
Contracts50
Avg IV0.40
Put-call0.12
Expiry20 Nov 2026
Contracts66
Avg IV0.43
Put-call0.09
Expiry15 Jan 2027
Contracts88
Avg IV0.40
Put-call0.11
Expiry19 Feb 2027
Contracts64
Avg IV0.40
Put-call0.47
Skew
Call/put IV balance
21 Aug 2026Put IV premium
Call IV0.37
Put IV0.48
Skew0.12
18 Sep 2026Put IV premium
Call IV0.29
Put IV0.47
Skew0.19
20 Nov 2026Balanced skew
Call IV0.41
Put IV0.44
Skew0.03
15 Jan 2027Balanced skew
Call IV0.40
Put IV0.42
Skew0.03
19 Feb 2027Put IV premium
Call IV0.38
Put IV0.44
Skew0.07
Contract Tape
Most active contracts
ContractCHRW260918C00155000
SideCall
Expiry18 Sep 2026
Strike155.00
Volume1341
OI1
IV0.38
ContractCHRW270115C00105000
SideCall
Expiry15 Jan 2027
Strike105.00
Volume1001
OI1364
IV0.45
ContractCHRW280121C00115000
SideCall
Expiry21 Jan 2028
Strike115.00
Volume1000
OI5
IV0.35
ContractCHRW270115C00130000
SideCall
Expiry15 Jan 2027
Strike130.00
Volume900
OI1152
IV0.41
ContractCHRW280121C00155000
SideCall
Expiry21 Jan 2028
Strike155.00
Volume900
OI4
IV0.36
ContractCHRW270115C00135000
SideCall
Expiry15 Jan 2027
Strike135.00
Volume786
OI2277
IV0.41
ContractCHRW270115C00200000
SideCall
Expiry15 Jan 2027
Strike200.00
Volume542
OI166
IV0.38
ContractCHRW270115C00100000
SideCall
Expiry15 Jan 2027
Strike100.00
Volume500
OI572
IV0.46
Research Graph
Related research and context
Sharemaestro research
Related News
Market Watch
Earnings
No upcoming matched earnings event.
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.