Ticker Options Intelligence

SPRU options intelligence

Spruce Power Holding Corp options pressure, expected move, strike concentration, and Sharemaestro trend context.

Conviction 56 Market data through 16 Sep 2026 Checked 17 Sep 2026 11:03 · complete available chain

Volatility expansion watch

Volatility pressure

SPRU currently carries volatility options pressure with a 56/100 conviction score. The nearest-chain expected move is 48.2%, with volume/open-interest participation at 0.15.

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

Volatility expansion watch

Expected move 48.2%

Wider near-term move priced

Activity / OI 0.15

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 -7.9%

RS -57.6

Expected move 48.2%
Put-call volume 0.00
Volume / OI 0.15
Reference IV 3.33
Max pain 2.50
Underlying 1.64
Nearest expiry 18 Sep 2026
Contracts 24

Research Brief

SPRU has a volatility chain read with 56/100 evidence alignment.

The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 0.85–2.43; The largest call open-interest concentration is 2.50; the largest put concentration is 2.50. The most active strike by current volume is 2.50.

Priced range0.85–2.43
Call concentration2.50
Put concentration2.50
Max pain reference2.50
What would confirm it
  • A clear directional pressure reading develops and price begins to agree.
  • Participation is above the ticker's stored normal, which makes the read more noteworthy.
What would weaken it
  • Volatility falls and the chain remains directionally mixed.
  • 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

Size, not direction · through 18 Sep

Options imply 0.85 to 2.43. Max pain at 2.50 lies outside the priced range, so it is a weak near-term anchor.

Spot Max pain
0.851.64 ± 0.792.43
Confirmation level

A close beyond 2.43 or below 0.85 at the 18 Sep 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 56/100

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.

Participation20 × 22%
+4.3

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 score55.9Matches stored calculation

Positioning by Strike

Where open interest and current activity concentrate

Full strike map

The largest call open-interest concentration is 2.50; the largest put concentration is 2.50. The most active strike by current volume is 2.50. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.

Put open interestStrikeCall open interest
5
2.5052.4%
156
0
5.00204.9%
150
0
7.50357.3%
0
Nearest spot strike Max pain strikeBars show relative OI within this expiry

Gamma Profile by Strike

Positive gamma proxy

Reported Greeks · 79% 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+$1,189Delta change / 1% move
Positive peak2.50+$1,067
Negative peak-No negative strike
Nearest balance-Interpolated sign change
StrikeNegativePositiveNet / 1% move
2.5052.4%
+$1,067
5.00204.9%
+$68
7.50357.3%
+$54
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

2.99× front/back

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

3.33 18 Sep 2d
0.86 16 Oct 30d
0.82 20 Nov 65d
1.11 19 Feb 156d

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.

Comparable strike volatility is unavailable.

Put IV Call IV

Historical Replay

How matured reads behaved through expiry

10 matured · 1 directional

Across 1 stored directional transitions, the next stored price moved in the labelled direction 0% of the time.

Directional follow-through0%
Moves contained by pricing100%
Average expiry move5.7%
14 Aug Bearish · 39 6.0% through expiry 39.4% priced · v2.0
13 Aug Volatility · 63 -10.1% through expiry 38.0% priced · v2.0
12 Aug Volatility · 53 -10.1% through expiry 32.3% priced · v2.0
10 Aug Volatility · 52 -10.1% through expiry 38.0% priced · v2.0
7 Aug Mixed · 26 -10.1% through expiry 34.6% priced · v2.0
5 Aug Volatility · 53 0.0% through expiry 39.7% priced · v2.0
4 Aug Volatility · 57 0.0% through expiry 33.3% priced · v2.0
3 Aug Volatility · 52 0.0% through expiry 41.0% priced · v2.0
31 Jul Mixed · 34 0.0% through expiry 38.5% priced · v2.0
30 Jul Mixed · 27 -10.1% through expiry 38.0% priced · v2.0

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
16 Sep 2026
Calculation
v2.0
Contracts
24 / 24
  • 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

Volatility expansion bet

92/100
Primary intent Volatility expansion bet

The strongest message is movement risk: expected move and implied volatility are carrying more signal than 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

Volatility expansion bet matters because it connects the options headline to the actual evidence: $2,722 of estimated gross traded notional, calls · 46-90 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-7.9%
Call premium96%
Put premium4%
Notional split C 96% / P 4% Estimated gross traded notional uses volume × contract multiplier × midpoint, or last price when no valid midpoint is available.
Freshness 0.15 Volume divided by open interest across the visible chain.
Trend fit 0/100 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 Calls · 46-90 days · OTM
Calls · 46-90 days · OTM calls cluster with 249 contracts traded, $2,490 estimated gross traded notional, and 91% of visible notional.
$2,490
Puts · 91+ days · ITM puts cluster with 1 contracts traded, $102 estimated gross traded notional, and 4% of visible notional.
$102
Calls · 22-45 days · OTM calls cluster with 14 contracts traded, $70 estimated gross traded notional, and 3% of visible notional.
$70
Calls · 91+ days · OTM calls cluster with 6 contracts traded, $60 estimated gross traded notional, and 2% of visible notional.
$60

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

High anomaly

96

Current options activity is unusually hot versus this ticker's stored history.

Baseline: 19 completed sessions

Volume rank95th
Volume/OI rank95th
IV rank100th

Market Context

Underlying confirmation

Sharemaestro weekly
Close1.64
1W-7.9%
RS-57.6
Fair value-48.6%
Options pressure100
Speculation20
Volatility96
Trend fit0

Today Versus Normal

Stored-options context

View history
Expected move 48.2% history building
30d avg - · 7/10 sessions -
90d avg - · 19/30 sessions -
180d avg - · 19/60 sessions -
IV 3.33 history building
30d avg - · 7/10 sessions -
90d avg - · 19/30 sessions -
180d avg - · 19/60 sessions -
Put-call 0.00 history building
30d avg - · 6/10 sessions -
90d avg - · 16/30 sessions -
180d avg - · 16/60 sessions -
Volume/OI 0.15 history building
30d avg - · 7/10 sessions -
90d avg - · 19/30 sessions -
180d avg - · 19/60 sessions -

Pressure Trail

Recent pressure and volatility

Open trail
29 Jul 11:48 Volatility
Pressure 100
Move 25.3%
30 Jul 04:26 Bullish
Pressure 24
Move 33.4%
30 Jul 17:24 Mixed
Pressure 17
Move 38.0%
31 Jul 06:19 Mixed
Pressure 11
Move 38.0%
1 Aug 08:22 Mixed
Pressure -14
Move 34.6%
2 Aug 16:06 Mixed
Pressure -14
Move 38.5%
4 Aug 10:34 Volatility
Pressure 100
Move 41.0%
5 Aug 11:05 Volatility
Pressure 91
Move 33.3%

Strike Map

Where activity is clustering

Full strike map
Strike2.50
Calls · V 0 · OI 156
Puts · V 0 · OI 5
Strike5.00
Calls · V 0 · OI 150
Puts · V 0 · OI 0
Strike7.50
Calls · V 0 · OI 0
Puts · V 0 · OI 0

Term Structure

Expiration activity

Volume and IV
Expiry18 Sep 2026
Contracts6
Avg IV3.33
Put-call-
Expiry16 Oct 2026
Contracts6
Avg IV0.86
Put-call-
Expiry20 Nov 2026
Contracts6
Avg IV0.82
Put-call-
Expiry19 Feb 2027
Contracts6
Avg IV1.11
Put-call0.17

Skew

Call/put IV balance

OTM demand
18 Sep 2026Incomplete skew
Call IV3.45
Put IV-
Skew-
16 Oct 2026Incomplete skew
Call IV0.88
Put IV-
Skew-
20 Nov 2026Incomplete skew
Call IV1.14
Put IV-
Skew-
19 Feb 2027Incomplete skew
Call IV0.81
Put IV-
Skew-

Contract Tape

Most active contracts

Full contract tape
ContractSPRU261120C00002500
SideCall
Expiry20 Nov 2026
Strike2.50
Volume249
OI856
IV1.14
ContractSPRU261016C00002500
SideCall
Expiry16 Oct 2026
Strike2.50
Volume14
OI25
IV0.88
ContractSPRU270219C00005000
SideCall
Expiry19 Feb 2027
Strike5.00
Volume6
OI3
IV0.81
ContractSPRU270219P00002500
SidePut
Expiry19 Feb 2027
Strike2.50
Volume1
OI21
IV0.96
ContractSPRU261120C00007500
SideCall
Expiry20 Nov 2026
Strike7.50
Volume-
OI330
IV1.61
ContractSPRU260918C00002500
SideCall
Expiry18 Sep 2026
Strike2.50
Volume-
OI156
IV3.45
ContractSPRU260918C00005000
SideCall
Expiry18 Sep 2026
Strike5.00
Volume-
OI150
IV7.25
ContractSPRU261120C00005000
SideCall
Expiry20 Nov 2026
Strike5.00
Volume-
OI135
IV1.26

Evidence context