Primary read
Bullish
Call-side pressure
Ticker Options Intelligence
EOG options intelligence
EOG Resources Inc options pressure, expected move, strike concentration, and Sharemaestro trend context.
Conviction
46
Market data through 30 Jul 2026
Checked 31 Jul 2026 11:01 · complete available chain
Call-side pressure
Bullish pressure
EOG currently carries bullish options pressure with a 46/100 conviction score. The nearest-chain expected move is 1.7%, with volume/open-interest participation at 0.02.
Expected move
1.7%
Near-term move context
Activity / OI
0.02
Current volume is quieter versus prior open interest
Put-call
0.36
Call-side skew
Trend fit
43
Options are not fully confirming trend
Weekly backdrop
+1.6%
RS 12.8
Expected move
1.7%
Put-call volume
0.36
Volume / OI
0.02
Reference IV
0.44
Max pain
136.00
Underlying
146.39
Nearest expiry
31 Jul 2026
Contracts
1192
Research Brief
EOG has a bullish chain read with 46/100 evidence alignment.
The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 143.92–148.86; The largest call open-interest concentration is 150.00; the largest put concentration is 123.00. The most active strike by current volume is 144.00.
Priced range143.92–148.86
Call concentration150.00
Put concentration123.00
Max pain reference136.00
- 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.
- 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
Options imply 143.92 to 148.86. Max pain at 136.00 lies outside the priced range, so it is a weak near-term anchor.
Spot
Max pain
143.92146.39 ± 2.47148.86
Confirmation level
A close beyond 148.86 or below 143.92 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 46/100
Pressure is 53/100 toward calls; conviction uses its strength, while the signal label carries its direction.
Directional pressure53 × 42%
+22.4
How strongly activity leans toward calls or puts.
Participation41 × 22%
+8.9
Volume relative to existing open interest and contract-level activity.
Trend agreement43 × 26%
+11.1
How closely the chain read agrees with the underlying trend backdrop.
Volatility37 × 10%
+3.7
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 150.00; the largest put concentration is 123.00. The most active strike by current volume is 144.00. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.
Put open interestStrikeCall open interest
130
119.00-18.7%
0
67
120.00-18.0%
0
273
123.00-16.0%
0
9
134.00-8.5%
139
40
135.00-7.8%
56
86
136.00-7.1%
113
125
137.00-6.4%
144
13
139.00-5.0%
116
8
141.00-3.7%
85
104
143.00-2.3%
73
4
144.00-1.6%
55
5
145.00-0.9%
202
6
146.00-0.3%
138
3
147.000.4%
135
0
149.001.8%
86
1
150.002.5%
1031
0
152.504.2%
121
Nearest spot strike Max pain strikeBars show relative OI within this expiry
Volatility Curve
Front-loaded volatility
Near-term options are materially richer than later expirations, consistent with concentrated event or immediate-risk pricing.
0.44
31 Jul
1d
0.43
7 Aug
8d
0.40
14 Aug
15d
0.36
21 Aug
22d
0.36
28 Aug
29d
0.36
4 Sep
36d
0.35
11 Sep
43d
0.34
18 Sep
50d
Volatility by Strike
Downside protection premium
Out-of-the-money puts carry higher implied volatility than comparable calls, indicating richer downside protection.
118
120
122
124
126
128
130
132
134
136
138
141
143
145
147
149
153
158
163
168
175
Put IV Call IV
Historical Replay
How matured reads behaved through expiry
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
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
- 1192 / 1192
- 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 pressure and weekly price action are pointing in the same constructive direction.
Multi-expiry position-maintenance candidate matters because it connects the options headline to the actual evidence: $1.2M of estimated gross traded notional, calls · 0-7 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+53
1W price+1.6%
Call premium86%
Put premium14%
Notional split
C 86% / P 14%
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
43/100
Agreement between options pressure and Sharemaestro market context.
Event window
4 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.
Roll detection is conservative because opening and closing legs are not directly observable in this snapshot.
Calls · 0-7 days · ITM
calls cluster with 455 contracts traded, $400415 estimated gross traded notional, and 33% of visible notional.
$400415
Calls · 46-90 days · OTM
calls cluster with 626 contracts traded, $147715 estimated gross traded notional, and 12% of visible notional.
$147715
Calls · 46-90 days · ATM
calls cluster with 128 contracts traded, $92040 estimated gross traded notional, and 8% of visible notional.
$92040
Calls · 0-7 days · ATM
calls cluster with 355 contracts traded, $91545 estimated gross traded notional, and 8% of visible notional.
$91545
Calls · 8-21 days · ATM
calls cluster with 155 contracts traded, $79075 estimated gross traded notional, and 7% of visible notional.
$79075
Setup Classification
Opportunity and risk frame
Expected move or upcoming earnings makes the setup more event-sensitive.
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
Close148.69
1W+1.6%
RS12.8
Fair value+25.9%
Options pressure53
Speculation41
Volatility37
Trend fit43
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 10:05
Bullish
Pressure 34
Move 4.8%
30 Jul 10:03
Bullish
Pressure 71
Move 2.4%
31 Jul 10:01
Bullish
Pressure 53
Move 1.7%
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 3 · OI 0
Strike85.00
Calls · V 0 · OI 0
Puts · V 1 · OI 3
Strike90.00
Calls · V 0 · OI 0
Puts · V 2 · OI 1
Strike95.00
Calls · V 0 · OI 0
Puts · V 2 · OI 1
Strike100.00
Calls · V 0 · OI 0
Puts · V 0 · OI 3
Strike105.00
Calls · V 0 · OI 1
Puts · V 0 · OI 5
Strike110.00
Calls · V 0 · OI 2
Puts · V 0 · OI 6
Term Structure
Expiration activity
Expiry31 Jul 2026
Contracts114
Avg IV0.44
Put-call0.34
Expiry7 Aug 2026
Contracts114
Avg IV0.43
Put-call0.17
Expiry14 Aug 2026
Contracts114
Avg IV0.40
Put-call0.29
Expiry21 Aug 2026
Contracts98
Avg IV0.36
Put-call0.20
Expiry28 Aug 2026
Contracts106
Avg IV0.36
Put-call-
Skew
Call/put IV balance
31 Jul 2026Balanced skew
Call IV0.43
Put IV0.42
Skew-0.01
7 Aug 2026Balanced skew
Call IV0.43
Put IV0.44
Skew0.01
14 Aug 2026Balanced skew
Call IV0.40
Put IV0.39
Skew-0.01
21 Aug 2026Balanced skew
Call IV0.37
Put IV0.37
Skew-
28 Aug 2026Balanced skew
Call IV0.38
Put IV0.37
Skew-0.01
Contract Tape
Most active contracts
ContractEOG260918C00160000
SideCall
Expiry18 Sep 2026
Strike160.00
Volume331
OI8377
IV0.35
ContractEOG260918C00170000
SideCall
Expiry18 Sep 2026
Strike170.00
Volume251
OI350
IV0.39
ContractEOG260904P00130000
SidePut
Expiry4 Sep 2026
Strike130.00
Volume200
OI-
IV0.41
ContractEOG260731C00144000
SideCall
Expiry31 Jul 2026
Strike144.00
Volume154
OI55
IV0.45
ContractEOG260821C00145000
SideCall
Expiry21 Aug 2026
Strike145.00
Volume126
OI652
IV0.35
ContractEOG260731C00134000
SideCall
Expiry31 Jul 2026
Strike134.00
Volume125
OI139
IV0.01
ContractEOG270617P00100000
SidePut
Expiry17 Jun 2027
Strike100.00
Volume125
OI4
IV0.35
ContractEOG260807C00143000
SideCall
Expiry7 Aug 2026
Strike143.00
Volume82
OI64
IV0.39
Research Graph
Related research and context
Sharemaestro research
Related News
Market Watch
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Earnings
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.