Ticker Options Intelligence

PAR options intelligence

PAR Technology Corporation options pressure, expected move, strike concentration, and Sharemaestro trend context.

Conviction 39 Market data through 30 Jul 2026 Checked 30 Jul 2026 20:54 · complete available chain

Call-side pressure

Bullish pressure

PAR currently carries bullish options pressure with a 39/100 conviction score. The nearest-chain expected move is 18.5%, with volume/open-interest participation at 0.12.

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

Call-side pressure

Expected move 18.5%

Wider near-term move priced

Activity / OI 0.12

Current volume is quieter versus prior open interest

Put-call 0.46

Call-side skew

Trend fit 10

Options are not fully confirming trend

Weekly backdrop -5.6%

RS -50.6

Expected move 18.5%
Put-call volume 0.46
Volume / OI 0.12
Reference IV 0.88
Max pain 15.00
Underlying 15.44
Nearest expiry 21 Aug 2026
Contracts 180

Research Brief

PAR has a bullish chain read with 39/100 evidence alignment.

The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 12.59–18.29; The largest call open-interest concentration is 17.00; the largest put concentration is 14.00. The most active strike by current volume is 17.00.

Priced range12.59–18.29
Call concentration17.00
Put concentration14.00
Max pain reference15.00
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 12.59 to 18.29. Max pain at 15.00 sits inside that range, 2.8% below spot.

Spot Max pain
12.5915.44 ± 2.8518.29
Confirmation level

A close beyond 18.29 or below 12.59 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 39/100

Evidence alignment, not probability

Pressure is 44/100 toward calls; conviction uses its strength, while the signal label carries its direction.

Directional pressure44 × 42%
+18.6

How strongly activity leans toward calls or puts.

Participation35 × 22%
+7.8

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

Trend agreement10 × 26%
+2.7

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 score38.7Matches stored calculation

Positioning by Strike

Where open interest and current activity concentrate

Full strike map

The largest call open-interest concentration is 17.00; the largest put concentration is 14.00. The most active strike by current volume is 17.00. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.

Put open interestStrikeCall open interest
4
7.00-54.7%
0
5
12.00-22.3%
0
33
13.00-15.8%
0
123
14.00-9.3%
5
63
15.00-2.8%
379
36
16.003.6%
2019
1
17.0010.1%
2438
17
18.0016.6%
184
0
19.0023.1%
47
0
20.0029.5%
28
0
21.0036.0%
8
0
22.0042.5%
105
0
23.0049.0%
21
0
25.0061.9%
1
0
30.0094.3%
6
Nearest spot strike Max pain strikeBars show relative OI within this expiry

Volatility Curve

Front-loaded volatility

1.45× front/back

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

0.88 21 Aug 22d
0.91 18 Sep 50d
0.86 16 Oct 78d
0.77 18 Dec 141d
0.66 15 Jan 169d
0.91 17 Jun 322d
0.60 21 Jan 540d

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.

13
14
15
16
17
18
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

A99/100
Retained chain100%
Implied volatility100%
Two-sided quotes99%
Open interest100%
Chain status
Complete available chain
Market date
30 Jul 2026
Calculation
v2.0
Contracts
180 / 180
  • 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

82/100
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: $873152 of estimated gross traded notional, calls · 22-45 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+44
1W price-5.6%
Call premium51%
Put premium49%
Notional split C 51% / P 49% Estimated gross traded notional uses volume × contract multiplier × midpoint, or last price when no valid midpoint is available.
Freshness 0.12 Volume divided by open interest across the visible chain.
Trend fit 10/100 Agreement between options pressure and Sharemaestro market context.
Event window 6 Aug Matched earnings event is 6 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 · 22-45 days · ITM
Calls · 22-45 days · ITM calls cluster with 865 contracts traded, $195288 estimated gross traded notional, and 22% of visible notional.
$195288
Puts · 46-90 days · ITM puts cluster with 187 contracts traded, $193118 estimated gross traded notional, and 22% of visible notional.
$193118
Puts · 91+ days · ITM puts cluster with 310 contracts traded, $162431 estimated gross traded notional, and 19% of visible notional.
$162431
Calls · 22-45 days · OTM calls cluster with 1075 contracts traded, $139024 estimated gross traded notional, and 16% of visible notional.
$139024
Puts · 91+ days · OTM puts cluster with 464 contracts traded, $69666 estimated gross traded notional, and 8% of visible notional.
$69666

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

-

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

Sharemaestro weekly
Close15.44
1W-5.6%
RS-50.6
Fair value-65.7%
Options pressure44
Speculation35
Volatility96
Trend fit10

Today Versus Normal

Stored-options context

View history
Expected move 18.5% history building
30d avg - · 2/10 sessions -
90d avg - · 2/30 sessions -
180d avg - · 2/60 sessions -
IV 0.88 history building
30d avg - · 2/10 sessions -
90d avg - · 2/30 sessions -
180d avg - · 2/60 sessions -
Put-call 0.46 history building
30d avg - · 2/10 sessions -
90d avg - · 2/30 sessions -
180d avg - · 2/60 sessions -
Volume/OI 0.12 history building
30d avg - · 2/10 sessions -
90d avg - · 2/30 sessions -
180d avg - · 2/60 sessions -

Pressure Trail

Recent pressure and volatility

Open trail
29 Jul 11:21 Volatility
Pressure 100
Move 24.6%
30 Jul 04:26 Volatility
Pressure 97
Move 18.3%
30 Jul 15:03 Bullish
Pressure 42
Move 18.8%
30 Jul 15:34 Bullish
Pressure 42
Move 18.8%
30 Jul 19:54 Bullish
Pressure 44
Move 18.5%

Strike Map

Where activity is clustering

Full strike map
Strike7.00
Calls · V 0 · OI 0
Puts · V 0 · OI 4
Strike12.00
Calls · V 0 · OI 0
Puts · V 0 · OI 5
Strike13.00
Calls · V 0 · OI 0
Puts · V 1 · OI 33
Strike14.00
Calls · V 5 · OI 5
Puts · V 2 · OI 123
Strike15.00
Calls · V 860 · OI 379
Puts · V 2 · OI 63
Strike16.00
Calls · V 10 · OI 2019
Puts · V 1 · OI 36
Strike17.00
Calls · V 1011 · OI 2438
Puts · V 0 · OI 1
Strike18.00
Calls · V 19 · OI 184
Puts · V 4 · OI 17

Term Structure

Expiration activity

Volume and IV
Expiry21 Aug 2026
Contracts20
Avg IV0.88
Put-call0.01
Expiry18 Sep 2026
Contracts5
Avg IV0.91
Put-call0.50
Expiry16 Oct 2026
Contracts60
Avg IV0.86
Put-call1.50
Expiry18 Dec 2026
Contracts48
Avg IV0.77
Put-call3.25
Expiry15 Jan 2027
Contracts20
Avg IV0.66
Put-call5.75

Skew

Call/put IV balance

OTM demand
21 Aug 2026Put IV premium
Call IV0.64
Put IV0.83
Skew0.19
18 Sep 2026Call IV premium
Call IV0.85
Put IV0.79
Skew-0.06
16 Oct 2026Put IV premium
Call IV0.70
Put IV0.88
Skew0.18
18 Dec 2026Call IV premium
Call IV0.85
Put IV0.06
Skew-0.78
15 Jan 2027Balanced skew
Call IV0.73
Put IV0.78
Skew0.05

Contract Tape

Most active contracts

Full contract tape
ContractPAR261016P00004000
SidePut
Expiry16 Oct 2026
Strike4.00
Volume-
OI375
IV2.38
ContractPAR261016P00005000
SidePut
Expiry16 Oct 2026
Strike5.00
Volume-
OI100
IV2.03
ContractPAR261218C00014000
SideCall
Expiry18 Dec 2026
Strike14.00
Volume-
OI12
IV0.81
ContractPAR261016C00024000
SideCall
Expiry16 Oct 2026
Strike24.00
Volume-
OI10
IV0.87
ContractPAR280121P00020000
SidePut
Expiry21 Jan 2028
Strike20.00
Volume-
OI10
IV0.96
ContractPAR261016C00080000
SideCall
Expiry16 Oct 2026
Strike80.00
Volume-
OI7
IV2.51
ContractPAR260821C00030000
SideCall
Expiry21 Aug 2026
Strike30.00
Volume-
OI6
IV1.69
ContractPAR270617C00012000
SideCall
Expiry17 Jun 2027
Strike12.00
Volume-
OI6
IV0.79