Ticker Options Intelligence

NPWR options intelligence

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

Conviction 53 Market data through 11 Aug 2026 Checked 12 Aug 2026 13:41 · complete available chain

Volatility expansion watch

Volatility pressure

NPWR currently carries volatility options pressure with a 53/100 conviction score. The nearest-chain expected move is 20.9%, with volume/open-interest participation at 0.00.

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

Volatility expansion watch

Expected move 20.9%

Wider near-term move priced

Activity / OI 0.00

Current volume is quieter versus prior open interest

Put-call 0.00

Call-side skew

Trend fit 0

Options are not fully confirming trend

Weekly backdrop +6.3%

RS -40.5

Expected move 20.9%
Put-call volume -
Volume / OI 0.00
Reference IV 1.26
Max pain 2.00
Underlying 1.52
Nearest expiry 21 Aug 2026
Contracts 60

Research Brief

NPWR has a volatility chain read with 53/100 evidence alignment.

The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 1.20–1.84; The largest call open-interest concentration is 5.00; the largest put concentration is 2.00. The most active strike by current volume is 2.00.

Priced range1.20–1.84
Call concentration5.00
Put concentration2.00
Max pain reference2.00
What would confirm it
  • A clear directional pressure reading develops and price begins to agree.
What would weaken it
  • Volatility falls and the chain remains directionally mixed.
  • 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 21 Aug

Options imply 1.20 to 1.84. Max pain at 2.00 lies outside the priced range, so it is a weak near-term anchor.

Spot Max pain
1.201.52 ± 0.321.84
Confirmation level

A close beyond 1.84 or below 1.20 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 53/100

Evidence alignment, not probability

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

Directional pressure100 × 42%
+42.0

How strongly activity leans toward calls or puts.

Participation8 × 22%
+1.8

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.

Volatility96 × 10%
+9.6

The intensity of implied volatility and the priced move.

Reconstructed score53.4Matches stored calculation

Positioning by Strike

Where open interest and current activity concentrate

Full strike map

The largest call open-interest concentration is 5.00; the largest put concentration is 2.00. The most active strike by current volume is 2.00. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.

Put open interestStrikeCall open interest
5
0.50-67.1%
3
380
1.00-34.2%
17
6
1.50-1.3%
432
644
2.0031.6%
965
82
2.5064.5%
548
0
5.00228.9%
3767
1
7.50393.4%
53
Nearest spot strike Max pain strikeBars show relative OI within this expiry

Gamma Profile by Strike

Positive gamma proxy

Reported + model-estimated Greeks · 93% coverage

Call-side gamma sensitivity outweighs the put-side proxy across the retained chain. The largest bars mark levels where delta-hedging sensitivity may be most concentrated.

Net profile+$11,777Delta change / 1% move
Positive peak5.00+$8,269
Negative peak1.00-$128
Nearest balance1.35Interpolated sign change
StrikeNegativePositiveNet / 1% move
0.50-67.1%
+$4
1.00-34.2%
-$128
1.50-1.3%
+$52
2.0031.6%
+$707
2.5064.5%
+$1,525
5.00228.9%
+$8,269
7.50393.4%
+$1,347
Positive call-side proxy Negative put-side proxyHighlighted row is nearest spot strike

Scenario proxy = gamma × open interest × 100 shares × spot² × 1%. Calls are positive and puts negative by convention. Missing Greeks use a Black-Scholes estimate from stored IV with zero rate and dividend assumptions. Open interest does not reveal who is long or short, so this is not observed dealer positioning or a forecast.

Volatility Curve

Back-loaded volatility

0.85× front/back

Longer-dated options carry more implied volatility than the front expiry, so risk is priced farther out.

1.26 21 Aug 10d
2.12 18 Sep 38d
1.48 20 Nov 101d
1.16 15 Jan 157d
1.30 19 Feb 192d
1.49 21 Jan 528d

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.

2
Put IV Call IV

Historical Replay

How matured reads behaved through expiry

0 matured · 0 directional

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
  • Auditable calculationoriginal version retained
  • Independent entryone read per market session
  • Point-in-time referencerequired at entry
  • Matched expiry closereported only after maturity

Eligible snapshots must have a dated market session, stored signal, and point-in-time market reference. Each observation uses one read per market session and the first stored weekly close on or immediately after expiry; its original calculation version is retained. It is an evidence audit, not an executable strategy or evidence of future performance.

Evidence Quality

Usable with limits

C69/100
Retained chain100%
Implied volatility100%
Two-sided quotes100%
Open interest100%
Chain status
Complete available chain
Market date
11 Aug 2026
Calculation
v2.0
Contracts
60 / 60
  • 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

86/100
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 Volatility flow versus price

Options are pricing movement more than direction; compare expected move with the stock's actual weekly change.

Why this matters

Earnings/event positioning matters because it connects the options headline to the actual evidence: $118 of estimated gross traded notional, calls · 91+ days · otm, and a volatility flow versus price backdrop. Use it as a research priority signal, then validate the chart, liquidity, event calendar, and risk before acting.

Options pressure+100
1W price+6.3%
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 0.00 Volume divided by open interest across the visible chain.
Trend fit 0/100 Agreement between options pressure and Sharemaestro market context.
Event window 13 Aug Matched earnings event is 0 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 · OTM
Calls · 91+ days · OTM calls cluster with 12 contracts traded, $72 estimated gross traded notional, and 62% of visible notional.
$72
Calls · 22-45 days · OTM calls cluster with 5 contracts traded, $25 estimated gross traded notional, and 21% of visible notional.
$25
Calls · 8-21 days · OTM calls cluster with 2 contracts traded, $20 estimated gross traded notional, and 17% of visible notional.
$20

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

Quiet tape

20

Activity is muted versus this ticker's stored history.

Baseline: 10 completed sessions

Volume rank20th
Volume/OI rank20th
IV rank20th

Market Context

Underlying confirmation

Sharemaestro weekly
Close1.52
1W+6.3%
RS-40.5
Fair value-76.6%
Options pressure100
Speculation8
Volatility96
Trend fit0

Today Versus Normal

Stored-options context

View history
Expected move 20.9% muted
30d avg 38.1% · 10 sessions 10th
90d avg - · 10/30 sessions -
180d avg - · 10/60 sessions -
IV 1.26 muted
30d avg 2.16 · 10 sessions 20th
90d avg - · 10/30 sessions -
180d avg - · 10/60 sessions -
Put-call 0.00 near normal
30d avg 2.12 · 10 sessions 40th
90d avg - · 10/30 sessions -
180d avg - · 10/60 sessions -
Volume/OI 0.00 muted
30d avg 0.02 · 10 sessions 20th
90d avg - · 10/30 sessions -
180d avg - · 10/60 sessions -

Pressure Trail

Recent pressure and volatility

Open trail
29 Jul 11:42 Volatility
Pressure 100
Move 47.4%
30 Jul 11:20 Volatility
Pressure 93
Move 35.3%
31 Jul 07:28 Volatility
Pressure 100
Move 52.5%
31 Jul 17:15 Volatility
Pressure -49
Move 52.5%
3 Aug 06:44 Volatility
Pressure -64
Move 51.7%
3 Aug 21:56 Volatility
Pressure -61
Move 34.3%
4 Aug 06:54 Volatility
Pressure 100
Move 16.9%
5 Aug 00:16 Volatility
Pressure -51
Move 37.1%

Strike Map

Where activity is clustering

Full strike map
Strike0.50
Calls · V 0 · OI 3
Puts · V 0 · OI 5
Strike1.00
Calls · V 0 · OI 17
Puts · V 0 · OI 380
Strike1.50
Calls · V 0 · OI 432
Puts · V 0 · OI 6
Strike2.00
Calls · V 2 · OI 965
Puts · V 0 · OI 644
Strike2.50
Calls · V 0 · OI 548
Puts · V 0 · OI 82
Strike5.00
Calls · V 0 · OI 3767
Puts · V 0 · OI 0
Strike7.50
Calls · V 0 · OI 53
Puts · V 0 · OI 1

Term Structure

Expiration activity

Volume and IV
Expiry21 Aug 2026
Contracts14
Avg IV1.26
Put-call-
Expiry18 Sep 2026
Contracts6
Avg IV2.12
Put-call-
Expiry20 Nov 2026
Contracts6
Avg IV1.48
Put-call-
Expiry15 Jan 2027
Contracts14
Avg IV1.16
Put-call-
Expiry19 Feb 2027
Contracts6
Avg IV1.30
Put-call-

Skew

Call/put IV balance

OTM demand
21 Aug 2026Call IV premium
Call IV0.91
Put IV0.47
Skew-0.44
18 Sep 2026Incomplete skew
Call IV0.80
Put IV-
Skew-
20 Nov 2026Incomplete skew
Call IV1.40
Put IV-
Skew-
15 Jan 2027Balanced skew
Call IV1.36
Put IV1.37
Skew0.01
19 Feb 2027Incomplete skew
Call IV0.74
Put IV-
Skew-

Contract Tape

Most active contracts

Full contract tape
ContractNPWR270115C00007500
SideCall
Expiry15 Jan 2027
Strike7.50
Volume10
OI341
IV1.04
ContractNPWR260918C00002500
SideCall
Expiry18 Sep 2026
Strike2.50
Volume5
OI5
IV0.80
ContractNPWR260821C00002000
SideCall
Expiry21 Aug 2026
Strike2.00
Volume2
OI965
IV0.91
ContractNPWR280121C00007500
SideCall
Expiry21 Jan 2028
Strike7.50
Volume1
OI3434
IV1.09
ContractNPWR280121C00005000
SideCall
Expiry21 Jan 2028
Strike5.00
Volume1
OI859
IV1.10
ContractNPWR270115C00005000
SideCall
Expiry15 Jan 2027
Strike5.00
Volume-
OI15479
IV1.36
ContractNPWR260821C00005000
SideCall
Expiry21 Aug 2026
Strike5.00
Volume-
OI3767
IV3.26
ContractNPWR280121C00002500
SideCall
Expiry21 Jan 2028
Strike2.50
Volume-
OI2387
IV1.33

Evidence context