Primary read
Bullish
Call-side pressure
Ticker Options Intelligence
PH options intelligence
Parker-Hannifin Corporation options pressure, expected move, strike concentration, and Sharemaestro trend context.
Conviction
49
Market data through 31 Jul 2026
Checked 1 Aug 2026 23:53 · complete available chain
Call-side pressure
Bullish pressure
PH currently carries bullish options pressure with a 49/100 conviction score. The nearest-chain expected move is 7.8%, with volume/open-interest participation at 0.01.
Expected move
7.8%
Wider near-term move priced
Activity / OI
0.01
Current volume is quieter versus prior open interest
Put-call
0.08
Call-side skew
Trend fit
0
Options are not fully confirming trend
Weekly backdrop
-1.1%
RS 2.8
Expected move
7.8%
Put-call volume
0.08
Volume / OI
0.01
Reference IV
0.41
Max pain
880.00
Underlying
976.53
Nearest expiry
21 Aug 2026
Contracts
562
Research Brief
PH has a bullish chain read with 49/100 evidence alignment.
The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 900.53–1052.53; The largest call open-interest concentration is 950.00; the largest put concentration is 780.00. The most active strike by current volume is 1200.00.
Priced range900.53–1052.53
Call concentration950.00
Put concentration780.00
Max pain reference880.00
- 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 900.53 to 1052.53. Max pain at 880.00 lies outside the priced range, so it is a weak near-term anchor.
Spot
Max pain
900.53976.53 ± 76.001052.53
Confirmation level
A close beyond 1052.53 or below 900.53 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 49/100
Pressure is 90/100 toward calls; conviction uses its strength, while the signal label carries its direction.
Directional pressure90 × 42%
+37.7
How strongly activity leans toward calls or puts.
Participation26 × 22%
+5.7
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.
Volatility60 × 10%
+6.0
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 950.00; the largest put concentration is 780.00. The most active strike by current volume is 1200.00. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.
Put open interestStrikeCall open interest
274
780.00-20.1%
0
74
820.00-16.0%
39
94
840.00-14.0%
6
44
850.00-13.0%
334
90
860.00-11.9%
262
17
870.00-10.9%
207
78
880.00-9.9%
88
60
900.00-7.8%
268
203
910.00-6.8%
11
38
920.00-5.8%
113
205
930.00-4.8%
80
137
950.00-2.7%
904
72
970.00-0.7%
83
10
1000.002.4%
164
4
1020.004.5%
214
0
1040.006.5%
438
0
1100.0012.6%
126
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.
0.41
21 Aug
21d
0.36
18 Sep
49d
0.35
20 Nov
112d
0.34
19 Feb
203d
Volatility by Strike
Balanced wings
Comparable upside calls and downside puts carry broadly similar implied volatility.
790
810
820
830
850
870
880
890
910
930
940
950
970
990
1000
1010
1040
1080
1100
1120
1160
Put IV Call IV
Historical Replay
How matured reads behaved through expiry
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
Retained chain100%
Implied volatility100%
Two-sided quotes100%
Open interest100%
- Chain status
- Complete available chain
- Market date
- 31 Jul 2026
- Calculation
- v2.0
- Contracts
- 562 / 562
- 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
Options activity is concentrated around a live event window, so the cleanest read is event positioning rather than pure direction.
Options are leaning call-side while the stock is down on the week, a divergence that needs price confirmation.
Earnings/event positioning matters because it connects the options headline to the actual evidence: $238318 of estimated gross traded notional, calls · 91+ days · atm, 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+90
1W price-1.1%
Call premium92%
Put premium8%
Notional split
C 92% / P 8%
Estimated gross traded notional uses volume × contract multiplier × midpoint, or last price when no valid midpoint is available.
Freshness
0.01
Volume divided by open interest across the visible chain.
Trend fit
0/100
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.
Calls · 91+ days · ATM
calls cluster with 5 contracts traded, $56520 estimated gross traded notional, and 24% of visible notional.
$56520
Calls · 91+ days · ITM
calls cluster with 4 contracts traded, $47580 estimated gross traded notional, and 20% of visible notional.
$47580
Calls · 91+ days · OTM
calls cluster with 34 contracts traded, $46140 estimated gross traded notional, and 19% of visible notional.
$46140
Calls · 46-90 days · ITM
calls cluster with 3 contracts traded, $21520 estimated gross traded notional, and 9% of visible notional.
$21520
Calls · 8-21 days · ATM
calls cluster with 5 contracts traded, $20260 estimated gross traded notional, and 9% of visible notional.
$20260
Setup Classification
Opportunity and risk frame
The tape is pricing or displaying unusually elevated activity.
Expected move or upcoming earnings makes the setup more event-sensitive.
Options positioning is not confirming the underlying trend context.
Call pressure is building while the stock sits above Sharemaestro fair value.
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
Close976.53
1W-1.1%
RS2.8
Fair value+47.7%
Options pressure90
Speculation26
Volatility60
Trend fit0
Today Versus Normal
Stored-options context
30d avg - · 3/10 sessions
-
90d avg - · 3/30 sessions
-
180d avg - · 3/60 sessions
-
30d avg - · 3/10 sessions
-
90d avg - · 3/30 sessions
-
180d avg - · 3/60 sessions
-
30d avg - · 3/10 sessions
-
90d avg - · 3/30 sessions
-
180d avg - · 3/60 sessions
-
30d avg - · 3/10 sessions
-
90d avg - · 3/30 sessions
-
180d avg - · 3/60 sessions
-
Pressure Trail
Recent pressure and volatility
29 Jul 10:02
Bullish
Pressure 38
Move 8.8%
30 Jul 10:01
Bullish
Pressure 34
Move 8.9%
31 Jul 10:00
Bullish
Pressure 27
Move 7.9%
1 Aug 22:53
Bullish
Pressure 90
Move 7.8%
Strike Map
Where activity is clustering
Strike380.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike390.00
Calls · V 0 · OI 0
Puts · V 0 · OI 2
Strike400.00
Calls · V 0 · OI 1
Puts · V 0 · OI 0
Strike410.00
Calls · V 0 · OI 1
Puts · V 0 · OI 0
Strike420.00
Calls · V 0 · OI 1
Puts · V 0 · OI 1
Strike430.00
Calls · V 0 · OI 1
Puts · V 0 · OI 2
Strike440.00
Calls · V 0 · OI 2
Puts · V 0 · OI 5
Strike450.00
Calls · V 0 · OI 2
Puts · V 0 · OI 3
Term Structure
Expiration activity
Expiry21 Aug 2026
Contracts172
Avg IV0.41
Put-call0.02
Expiry18 Sep 2026
Contracts90
Avg IV0.36
Put-call0.50
Expiry20 Nov 2026
Contracts180
Avg IV0.35
Put-call0.06
Expiry19 Feb 2027
Contracts120
Avg IV0.34
Put-call-
Skew
Call/put IV balance
21 Aug 2026Balanced skew
Call IV0.41
Put IV0.42
Skew0.02
18 Sep 2026Balanced skew
Call IV0.36
Put IV0.37
Skew0.01
20 Nov 2026Balanced skew
Call IV0.35
Put IV0.37
Skew0.02
19 Feb 2027Balanced skew
Call IV0.32
Put IV0.35
Skew0.03
Contract Tape
Most active contracts
ContractPH260821C01200000
SideCall
Expiry21 Aug 2026
Strike1200.00
Volume30
OI12
IV0.44
ContractPH261120C01200000
SideCall
Expiry20 Nov 2026
Strike1200.00
Volume22
OI26
IV0.34
ContractPH260821C01180000
SideCall
Expiry21 Aug 2026
Strike1180.00
Volume16
OI5
IV0.41
ContractPH261120C01180000
SideCall
Expiry20 Nov 2026
Strike1180.00
Volume6
OI21
IV0.34
ContractPH270219C00950000
SideCall
Expiry19 Feb 2027
Strike950.00
Volume4
OI7
IV0.34
ContractPH270219C00960000
SideCall
Expiry19 Feb 2027
Strike960.00
Volume4
OI-
IV0.34
ContractPH260918C01050000
SideCall
Expiry18 Sep 2026
Strike1050.00
Volume3
OI61
IV0.36
ContractPH260821C00980000
SideCall
Expiry21 Aug 2026
Strike980.00
Volume3
OI53
IV0.41
Research Graph
Related research and context
Sharemaestro research
Related News
No recent ticker-specific news yet.
Market Watch
No recent market-watch posts yet.
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.