Ticker Options Intelligence

PCT options intelligence

Purecycle Technologies Holdings Corp options pressure, expected move, strike concentration, and Sharemaestro trend context.

Conviction 32 Market data through 31 Jul 2026 Checked 31 Jul 2026 17:41 · complete available chain

Options-market disagreement

Mixed pressure

PCT currently carries mixed options pressure with a 32/100 conviction score. The nearest-chain expected move is 4.7%, with volume/open-interest participation at 0.02.

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

Options-market disagreement

Expected move 4.7%

Near-term move context

Activity / OI 0.02

Current volume is quieter versus prior open interest

Put-call 1.25

Put-side skew

Trend fit 62

Options agree with trend context

Weekly backdrop +8.9%

RS -40.1

Expected move 4.7%
Put-call volume 1.25
Volume / OI 0.02
Reference IV 2.27
Max pain 6.50
Underlying 5.85
Nearest expiry 31 Jul 2026
Contracts 356

Research Brief

PCT has a mixed chain read with 32/100 evidence alignment.

The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 5.58–6.12; The largest call open-interest concentration is 6.50; the largest put concentration is 7.00. The most active strike by current volume is 6.00.

Priced range5.58–6.12
Call concentration6.50
Put concentration7.00
Max pain reference6.50
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 31 Jul

Options imply 5.58 to 6.12. Max pain at 6.50 lies outside the priced range, so it is a weak near-term anchor.

Spot Max pain
5.585.85 ± 0.276.12
Confirmation level

A close beyond 6.12 or below 5.58 at the 31 Jul 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 32/100

Evidence alignment, not probability

Pressure is 5/100 toward puts; conviction uses its strength, while the signal label carries its direction.

Directional pressure5 × 42%
+2.2

How strongly activity leans toward calls or puts.

Participation30 × 22%
+6.5

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

Trend agreement62 × 26%
+16.1

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

Volatility75 × 10%
+7.5

The intensity of implied volatility and the priced move.

Reconstructed score32.3Matches stored calculation

Positioning by Strike

Where open interest and current activity concentrate

Full strike map

The largest call open-interest concentration is 6.50; the largest put concentration is 7.00. The most active strike by current volume is 6.00. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.

Put open interestStrikeCall open interest
0
3.50-40.2%
8
0
4.00-31.6%
66
11
5.00-14.5%
18
119
5.50-6.0%
37
276
6.002.6%
477
128
6.5011.1%
782
324
7.0019.7%
201
308
7.5028.2%
286
53
8.0036.8%
85
41
8.5045.3%
137
0
9.0053.8%
140
0
9.5062.4%
15
0
10.0070.9%
161
0
10.5079.5%
53
0
11.0088.0%
61
0
12.00105.1%
6
0
12.50113.7%
6
Nearest spot strike Max pain strikeBars show relative OI within this expiry

Volatility Curve

Front-loaded volatility

2.54× front/back

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

2.27 31 Jul 0d
1.47 7 Aug 7d
1.30 14 Aug 14d
1.13 21 Aug 21d
1.11 28 Aug 28d
1.24 4 Sep 35d
1.00 18 Sep 49d
1.01 20 Nov 112d

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.

5
6
6
7
7
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 31 Jul 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 quotes100%
Open interest100%
Chain status
Complete available chain
Market date
31 Jul 2026
Calculation
v2.0
Contracts
356 / 356
  • 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

78/100
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: $2.8M of estimated gross traded notional, puts · 91+ days · itm, 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-5
1W price+8.9%
Call premium11%
Put premium89%
Notional split C 11% / P 89% Estimated gross traded notional uses volume × contract multiplier × midpoint, or last price when no valid midpoint is available.
Freshness 0.02 Volume divided by open interest across the visible chain.
Trend fit 62/100 Agreement between options pressure and Sharemaestro market context.
Event window 6 Aug Matched earnings event is 4 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 Puts · 91+ days · ITM
Puts · 91+ days · ITM puts cluster with 2801 contracts traded, $2.3M estimated gross traded notional, and 80% of visible notional.
$2.3M
Calls · 91+ days · OTM calls cluster with 1868 contracts traded, $131111 estimated gross traded notional, and 5% of visible notional.
$131111
Puts · 8-21 days · ITM puts cluster with 485 contracts traded, $122345 estimated gross traded notional, and 4% of visible notional.
$122345
Calls · 91+ days · ITM calls cluster with 285 contracts traded, $101596 estimated gross traded notional, and 4% of visible notional.
$101596
Puts · 91+ days · OTM puts cluster with 993 contracts traded, $53090 estimated gross traded notional, and 2% of visible notional.
$53090

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.

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
Close6.37
1W+8.9%
RS-40.1
Fair value-23.9%
Options pressure-5
Speculation30
Volatility75
Trend fit62

Today Versus Normal

Stored-options context

View history
Expected move 4.7% history building
30d avg - · 3/10 sessions -
90d avg - · 3/30 sessions -
180d avg - · 3/60 sessions -
IV 2.27 history building
30d avg - · 3/10 sessions -
90d avg - · 3/30 sessions -
180d avg - · 3/60 sessions -
Put-call 1.25 history building
30d avg - · 3/10 sessions -
90d avg - · 3/30 sessions -
180d avg - · 3/60 sessions -
Volume/OI 0.02 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 10:58 Mixed
Pressure 16
Move 9.4%
30 Jul 10:48 Volatility
Pressure 81
Move 6.8%
31 Jul 13:04 Bullish
Pressure 41
Move 8.5%
31 Jul 14:24 Mixed
Pressure -8
Move 6.8%
31 Jul 15:44 Mixed
Pressure -8
Move 6.0%
31 Jul 16:41 Mixed
Pressure -5
Move 4.7%

Strike Map

Where activity is clustering

Full strike map
Strike1.00
Calls · V 2 · OI 3
Puts · V 0 · OI 0
Strike2.00
Calls · V 2 · OI 2
Puts · V 0 · OI 0
Strike3.50
Calls · V 2 · OI 8
Puts · V 0 · OI 0
Strike4.00
Calls · V 2 · OI 66
Puts · V 0 · OI 0
Strike5.00
Calls · V 2 · OI 18
Puts · V 10 · OI 11
Strike5.50
Calls · V 12 · OI 37
Puts · V 71 · OI 119
Strike6.00
Calls · V 148 · OI 477
Puts · V 14 · OI 276
Strike6.50
Calls · V 29 · OI 782
Puts · V 69 · OI 128

Term Structure

Expiration activity

Volume and IV
Expiry31 Jul 2026
Contracts35
Avg IV2.27
Put-call0.72
Expiry7 Aug 2026
Contracts25
Avg IV1.47
Put-call0.07
Expiry14 Aug 2026
Contracts24
Avg IV1.30
Put-call1.10
Expiry21 Aug 2026
Contracts48
Avg IV1.13
Put-call0.67
Expiry28 Aug 2026
Contracts24
Avg IV1.11
Put-call0.69

Skew

Call/put IV balance

OTM demand
31 Jul 2026Put IV premium
Call IV1.28
Put IV3.66
Skew2.37
7 Aug 2026Balanced skew
Call IV1.40
Put IV1.38
Skew-0.02
14 Aug 2026Put IV premium
Call IV1.23
Put IV1.32
Skew0.09
21 Aug 2026Balanced skew
Call IV1.10
Put IV1.14
Skew0.04
28 Aug 2026Put IV premium
Call IV1.07
Put IV1.16
Skew0.09

Contract Tape

Most active contracts

Full contract tape
ContractPCT260828C00002000
SideCall
Expiry28 Aug 2026
Strike2.00
Volume-
OI-
IV2.69
ContractPCT260814P00011000
SidePut
Expiry14 Aug 2026
Strike11.00
Volume-
OI149
IV2.37
ContractPCT260814P00010000
SidePut
Expiry14 Aug 2026
Strike10.00
Volume-
OI50
IV2.11
ContractPCT270820P00002000
SidePut
Expiry20 Aug 2027
Strike2.00
Volume-
OI30
IV1.00
ContractPCT260918C00013000
SideCall
Expiry18 Sep 2026
Strike13.00
Volume-
OI28
IV1.19
ContractPCT260828C00006000
SideCall
Expiry28 Aug 2026
Strike6.00
Volume-
OI20
IV1.07
ContractPCT270219P00010000
SidePut
Expiry19 Feb 2027
Strike10.00
Volume-
OI20
IV0.90
ContractPCT270917C00003000
SideCall
Expiry17 Sep 2027
Strike3.00
Volume-
OI20
IV1.83