Ticker Options Intelligence

CBNK options intelligence

Capital Bancorp options pressure, expected move, strike concentration, and Sharemaestro trend context.

Conviction 32 Market data through 12 Aug 2026 Checked 13 Aug 2026 12:20 · complete available chain

Options-market disagreement

Mixed pressure

CBNK currently carries mixed options pressure with a 32/100 conviction score. The nearest-chain expected move is 8.2%, 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 Mixed

Options-market disagreement

Expected move 8.2%

Wider near-term move priced

Activity / OI 0.00

Current volume is quieter versus prior open interest

Put-call -

Balanced tape

Trend fit 94

Options agree with trend context

Weekly backdrop +1.2%

RS 6.2

Expected move 8.2%
Put-call volume -
Volume / OI -
Reference IV 0.52
Max pain 40.00
Underlying 37.78
Nearest expiry 21 Aug 2026
Contracts 66

Research Brief

CBNK 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 34.67–40.89; The largest call open-interest concentration is 17.50; the largest put concentration is 40.00. The most active strike by current volume is 17.50.

Priced range34.67–40.89
Call concentration17.50
Put concentration40.00
Max pain reference40.00
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 21 Aug

Options imply 34.67 to 40.89. Max pain at 40.00 sits inside that range, 5.9% above spot.

Spot Max pain
34.6737.78 ± 3.1140.89
Confirmation level

A close beyond 40.89 or below 34.67 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 32/100

Evidence alignment, not probability

Pressure is 1/100 toward puts; conviction uses its strength, while the signal label carries its direction.

Directional pressure1 × 42%
+0.3

How strongly activity leans toward calls or puts.

Participation0 × 22%
+0.0

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

Trend agreement94 × 26%
+24.5

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

Volatility70 × 10%
+7.0

The intensity of implied volatility and the priced move.

Reconstructed score31.7Matches stored calculation

Positioning by Strike

Where open interest and current activity concentrate

Full strike map

The largest call open-interest concentration is 17.50; the largest put concentration is 40.00. The most active strike by current volume is 17.50. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.

Put open interestStrikeCall open interest
0
17.50-53.7%
0
0
20.00-47.1%
0
0
22.50-40.4%
0
0
25.00-33.8%
0
1
30.00-20.6%
0
4
35.00-7.4%
0
25
40.005.9%
0
0
45.0019.1%
0
0
50.0032.3%
0
Nearest spot strike Max pain strikeBars show relative OI within this expiry

Gamma Profile by Strike

Negative gamma proxy

Reported Greeks · 100% coverage

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

Net profile-$2,158Delta change / 1% move
Positive peak35.00+$1,066
Negative peak40.00-$3,574
Nearest balance36.15Interpolated sign change
StrikeNegativePositiveNet / 1% move
25.00-33.8%
-$6
30.00-20.6%
+$357
35.00-7.4%
+$1,066
40.005.9%
-$3,574
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

Front-loaded volatility

2.17× front/back

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

0.52 21 Aug 9d
0.23 18 Sep 37d
0.24 16 Oct 65d
0.24 15 Jan 156d

Volatility by Strike

Upside optionality premium

Nearest expiry, within 20% of spot

Out-of-the-money calls carry higher implied volatility than comparable puts, indicating richer upside optionality.

35
40
45
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
12 Aug 2026
Calculation
v2.0
Contracts
66 / 66
  • 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

Likely noise

32/100
Primary intent Likely noise

Visible options activity is too thin or mixed to support a strong intent classification.

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

Likely noise matters because it connects the options headline to the actual evidence: $0 of estimated gross traded notional, no dominant cluster, 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-1
1W price+1.2%
Call premium0%
Put premium0%
Notional split C 0% / 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 94/100 Agreement between options pressure and Sharemaestro market context.
Aggregate chain data does not identify trade aggressor or opening versus closing activity; call/put concentration is not proof of market direction.
Conviction clusters No dominant cluster

No high-conviction option cluster is visible in this snapshot.

Setup Classification

Opportunity and risk frame

Context, not advice
Positive Options-confirmed trend

Positioning agrees with the Sharemaestro trend backdrop.

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

-

9 of 10 completed market sessions are available. More session history is needed before activity can be compared with a reliable normal.

Baseline: 9 completed sessions

Volume rank-
Volume/OI rank-
IV rank-

Market Context

Underlying confirmation

Sharemaestro weekly
Close37.78
1W+1.2%
RS6.2
Fair value+41.8%
Options pressure-1
Speculation0
Volatility70
Trend fit94

Today Versus Normal

Stored-options context

View history
Expected move 8.2% history building
30d avg - · 9/10 sessions -
90d avg - · 9/30 sessions -
180d avg - · 9/60 sessions -
IV 0.52 history building
30d avg - · 9/10 sessions -
90d avg - · 9/30 sessions -
180d avg - · 9/60 sessions -
Put-call - history building
30d avg - · 1/10 sessions -
90d avg - · 1/30 sessions -
180d avg - · 1/60 sessions -
Volume/OI 0.00 history building
30d avg - · 9/10 sessions -
90d avg - · 9/30 sessions -
180d avg - · 9/60 sessions -

Pressure Trail

Recent pressure and volatility

Open trail
29 Jul 11:25 Bearish
Pressure -90
Move 8.5%
30 Jul 11:11 Mixed
Pressure 0
Move 9.2%
31 Jul 10:45 Mixed
Pressure 0
Move 7.3%
2 Aug 16:06 Mixed
Pressure 0
Move 7.7%
4 Aug 10:34 Mixed
Pressure 0
Move 6.7%
5 Aug 11:05 Bearish
Pressure -100
Move 9.8%
6 Aug 11:12 Mixed
Pressure -2
Move 7.7%
10 Aug 11:02 Mixed
Pressure -2
Move 4.8%

Strike Map

Where activity is clustering

Full strike map
Strike17.50
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike20.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike22.50
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike25.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike30.00
Calls · V 0 · OI 0
Puts · V 0 · OI 1
Strike35.00
Calls · V 0 · OI 0
Puts · V 0 · OI 4
Strike40.00
Calls · V 0 · OI 0
Puts · V 0 · OI 25
Strike45.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0

Term Structure

Expiration activity

Volume and IV
Expiry21 Aug 2026
Contracts18
Avg IV0.52
Put-call-
Expiry18 Sep 2026
Contracts16
Avg IV0.23
Put-call-
Expiry16 Oct 2026
Contracts16
Avg IV0.24
Put-call-
Expiry15 Jan 2027
Contracts16
Avg IV0.24
Put-call-

Skew

Call/put IV balance

OTM demand
21 Aug 2026Put IV premium
Call IV0.17
Put IV0.25
Skew0.08
18 Sep 2026Balanced skew
Call IV0.08
Put IV0.12
Skew0.04
16 Oct 2026Balanced skew
Call IV0.06
Put IV0.09
Skew0.03
15 Jan 2027Call IV premium
Call IV0.30
Put IV0.06
Skew-0.23

Contract Tape

Most active contracts

Full contract tape
ContractCBNK260821P00040000
SidePut
Expiry21 Aug 2026
Strike40.00
Volume-
OI25
IV0.50
ContractCBNK261016C00035000
SideCall
Expiry16 Oct 2026
Strike35.00
Volume-
OI12
IV0.34
ContractCBNK261016C00030000
SideCall
Expiry16 Oct 2026
Strike30.00
Volume-
OI11
IV0.45
ContractCBNK260821P00035000
SidePut
Expiry21 Aug 2026
Strike35.00
Volume-
OI4
IV0.25
ContractCBNK270115C00040000
SideCall
Expiry15 Jan 2027
Strike40.00
Volume-
OI4
IV0.30
ContractCBNK270115C00035000
SideCall
Expiry15 Jan 2027
Strike35.00
Volume-
OI4
IV0.34
ContractCBNK261016P00030000
SidePut
Expiry16 Oct 2026
Strike30.00
Volume-
OI2
IV0.24
ContractCBNK261016P00025000
SidePut
Expiry16 Oct 2026
Strike25.00
Volume-
OI2
IV0.40

Evidence context