Ticker Options Intelligence

COOK options intelligence

Traeger Inc options pressure, expected move, strike concentration, and Sharemaestro trend context.

Conviction 48 Market data through 31 Jul 2026 Checked 1 Aug 2026 22:53 · complete available chain

Call-side pressure

Bullish pressure

COOK currently carries bullish options pressure with a 48/100 conviction score. The nearest-chain expected move is 1.0%, with volume/open-interest participation at 0.58.

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

Call-side pressure

Expected move 1.0%

Near-term move context

Activity / OI 0.58

Current volume is elevated versus prior open interest

Put-call 0.00

Call-side skew

Trend fit 20

Options are not fully confirming trend

Weekly backdrop +4.7%

RS 11.6

Expected move 1.0%
Put-call volume -
Volume / OI 0.58
Reference IV 0.13
Max pain 1.00
Underlying 64.15
Nearest expiry 18 Sep 2026
Contracts 4

Research Brief

COOK has a bullish chain read with 48/100 evidence alignment.

The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 63.53–64.77; The largest call open-interest concentration is 2.00; the largest put concentration is 1.00. The most active strike by current volume is 1.00.

Priced range63.53–64.77
Call concentration2.00
Put concentration1.00
Max pain reference1.00
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.

Priced Move

Where the chain says movement becomes exceptional

Size, not direction · through 18 Sep

Options imply 63.53 to 64.77. Max pain at 1.00 lies outside the priced range, so it is a weak near-term anchor.

Spot Max pain
63.5364.15 ± 0.6264.77
Confirmation level

A close beyond 64.77 or below 63.53 at the 18 Sep 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 48/100

Evidence alignment, not probability

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.

Participation21 × 22%
+4.6

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

Trend agreement20 × 26%
+5.1

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

Volatility13 × 10%
+1.3

The intensity of implied volatility and the priced move.

Reconstructed score48.3Matches stored calculation

Positioning by Strike

Where open interest and current activity concentrate

Full strike map

The largest call open-interest concentration is 2.00; the largest put concentration is 1.00. The most active strike by current volume is 1.00. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.

Put open interestStrikeCall open interest
25
1.00-98.4%
0
0
2.00-96.9%
11
0
3.00-95.3%
2
Nearest spot strike Max pain strikeBars show relative OI within this expiry

Volatility Curve

Insufficient term structure

At least two expirations with usable near-the-money implied volatility are required.

0.13 18 Sep 49d

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.

Comparable strike volatility is unavailable.

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 18 Sep 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

A92/100
Retained chain100%
Implied volatility100%
Two-sided quotes100%
Open interest100%
Chain status
Complete available chain
Market date
31 Jul 2026
Calculation
v2.0
Contracts
4 / 4
  • 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

Call activity against legacy put OI

66/100
Primary intent Call activity against legacy put OI

Call activity is dominant while put open interest remains large but current put volume is not leading.

Flow vs price divergence Bullish flow confirms price

Options pressure and weekly price action are pointing in the same constructive direction.

Why this matters

Call activity against legacy put OI matters because it connects the options headline to the actual evidence: $207 of estimated gross traded notional, calls · 46-90 days · itm, 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+4.7%
Call premium100%
Put premium0%
Notional split C 100% / P 0% Estimated gross traded notional uses volume × contract multiplier × midpoint, or last price when no valid midpoint is available.
Freshness 0.58 Volume divided by open interest across the visible chain.
Trend fit 20/100 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. Do not infer a hedge unwind without next-session open-interest changes and opening/closing data.
Conviction clusters Calls · 46-90 days · ITM
Calls · 46-90 days · ITM calls cluster with 22 contracts traded, $207 estimated gross traded notional, and 100% of visible notional.
$207

Setup Classification

Opportunity and risk frame

Context, not advice
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
Close64.15
1W+4.7%
RS11.6
Fair value-36.8%
Options pressure89
Speculation21
Volatility13
Trend fit20

Today Versus Normal

Stored-options context

View history
Expected move 1.0% history building
30d avg - · 3/10 sessions -
90d avg - · 3/30 sessions -
180d avg - · 3/60 sessions -
IV 0.13 history building
30d avg - · 3/10 sessions -
90d avg - · 3/30 sessions -
180d avg - · 3/60 sessions -
Put-call 0.00 history building
30d avg - · 3/10 sessions -
90d avg - · 3/30 sessions -
180d avg - · 3/60 sessions -
Volume/OI 0.58 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
31 Jul 23:45 Bullish
Pressure 89
Move 1.0%
1 Aug 21:53 Bullish
Pressure 89
Move 1.0%

Strike Map

Where activity is clustering

Full strike map
Strike1.00
Calls · V 11 · OI 0
Puts · V 0 · OI 25
Strike2.00
Calls · V 10 · OI 11
Puts · V 0 · OI 0
Strike3.00
Calls · V 1 · OI 2
Puts · V 0 · OI 0

Term Structure

Expiration activity

Volume and IV
Expiry18 Sep 2026
Contracts4
Avg IV0.13
Put-call-

Skew

Call/put IV balance

OTM demand
18 Sep 2026Incomplete skew
Call IV-
Put IV0.50
Skew-

Contract Tape

Most active contracts

Full contract tape
ContractCOOK260918P00001000
SidePut
Expiry18 Sep 2026
Strike1.00
Volume-
OI25
IV0.50
ContractCOOK260918C00001000
SideCall
Expiry18 Sep 2026
Strike1.00
Volume11
OI-
IV0.00
ContractCOOK260918C00002000
SideCall
Expiry18 Sep 2026
Strike2.00
Volume10
OI11
IV0.00
ContractCOOK260918C00003000
SideCall
Expiry18 Sep 2026
Strike3.00
Volume1
OI2
IV0.00