Primary read
Mixed
Options-market disagreement
Ticker Options Intelligence
CHPT options intelligence
ChargePoint Holdings Inc options pressure, expected move, strike concentration, and Sharemaestro trend context.
Conviction
32
Market data through 30 Jul 2026
Checked 31 Jul 2026 03:50 · complete available chain
Options-market disagreement
Mixed pressure
CHPT currently carries mixed options pressure with a 32/100 conviction score. The nearest-chain expected move is 18.6%, with volume/open-interest participation at 0.02.
Expected move
18.6%
Wider near-term move priced
Activity / OI
0.02
Current volume is quieter versus prior open interest
Put-call
1.28
Put-side skew
Trend fit
68
Options agree with trend context
Weekly backdrop
-9.1%
RS -40.2
Expected move
18.6%
Put-call volume
1.28
Volume / OI
0.02
Reference IV
0.73
Max pain
6.00
Underlying
5.12
Nearest expiry
21 Aug 2026
Contracts
152
Research Brief
CHPT 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 4.17–6.07; The largest call open-interest concentration is 6.00; the largest put concentration is 5.00. The most active strike by current volume is 6.00.
Priced range4.17–6.07
Call concentration6.00
Put concentration5.00
Max pain reference6.00
- A clear directional pressure reading develops and price begins to agree.
- The current chain read already agrees with the stored weekly trend context.
- Volatility falls and the chain remains directionally mixed.
Priced Move
Where the chain says movement becomes exceptional
Options imply 4.17 to 6.07. Max pain at 6.00 sits inside that range, 17.2% above spot.
Spot
Max pain
4.175.12 ± 0.956.07
Confirmation level
A close beyond 6.07 or below 4.17 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
Pressure is 8/100 toward puts; conviction uses its strength, while the signal label carries its direction.
Directional pressure8 × 42%
+3.5
How strongly activity leans toward calls or puts.
Participation6 × 22%
+1.4
Volume relative to existing open interest and contract-level activity.
Trend agreement68 × 26%
+17.6
How closely the chain read agrees with the underlying trend backdrop.
Volatility91 × 10%
+9.1
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 6.00; the largest put concentration is 5.00. The most active strike by current volume is 6.00. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.
Put open interestStrikeCall open interest
1
1.00-80.5%
1
2
2.00-60.9%
0
10
3.00-41.4%
8
283
4.00-21.9%
104
1476
5.00-2.3%
204
589
6.0017.2%
1057
189
7.0036.7%
956
351
8.0056.3%
225
30
9.0075.8%
271
34
10.0095.3%
158
39
11.00114.8%
108
0
12.00134.4%
60
0
13.00153.9%
222
0
14.00173.4%
74
0
15.00193.0%
242
Nearest spot strike Max pain strikeBars show relative OI within this expiry
Volatility Curve
Back-loaded volatility
Longer-dated options carry more implied volatility than the front expiry, so risk is priced farther out.
0.73
21 Aug
22d
0.86
18 Sep
50d
0.88
20 Nov
113d
0.90
15 Jan
169d
0.85
19 Feb
204d
0.87
21 Jan
540d
Volatility by Strike
Smile incomplete
There is not enough comparable OTM call and put volatility to classify the smile.
5
6
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
- 30 Jul 2026
- Calculation
- v2.0
- Contracts
- 152 / 152
- 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
Put-heavy activity
Put-side activity dominates. This can reflect hedging or directional positioning, but the chain alone cannot distinguish buying from selling.
The options read is mixed, so divergence is not strong enough to classify.
Put-heavy activity matters because it connects the options headline to the actual evidence: $46506 of estimated gross traded notional, puts · 91+ days · itm, 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-8
1W price-9.1%
Call premium8%
Put premium92%
Notional split
C 8% / P 92%
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
68/100
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.
Puts · 91+ days · ITM
puts cluster with 63 contracts traded, $23895 estimated gross traded notional, and 51% of visible notional.
$23895
Puts · 8-21 days · ITM
puts cluster with 31 contracts traded, $17335 estimated gross traded notional, and 37% of visible notional.
$17335
Calls · 8-21 days · OTM
calls cluster with 81 contracts traded, $1528 estimated gross traded notional, and 3% of visible notional.
$1528
Calls · 91+ days · OTM
calls cluster with 13 contracts traded, $1165 estimated gross traded notional, and 3% of visible notional.
$1165
Puts · 8-21 days · ATM
puts cluster with 40 contracts traded, $900 estimated gross traded notional, and 2% of visible notional.
$900
Setup Classification
Opportunity and risk frame
Positioning agrees with the Sharemaestro trend backdrop.
The tape is pricing or displaying unusually elevated activity.
Expected move or upcoming earnings makes the setup more event-sensitive.
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
Close5.12
1W-9.1%
RS-40.2
Fair value-82.0%
Options pressure-8
Speculation6
Volatility91
Trend fit68
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 11:41
Bullish
Pressure 38
Move 16.1%
30 Jul 05:33
Mixed
Pressure -10
Move 16.1%
30 Jul 21:48
Bullish
Pressure 39
Move 18.6%
31 Jul 02:50
Mixed
Pressure -8
Move 18.6%
Strike Map
Where activity is clustering
Strike1.00
Calls · V 0 · OI 1
Puts · V 0 · OI 1
Strike2.00
Calls · V 0 · OI 0
Puts · V 0 · OI 2
Strike3.00
Calls · V 0 · OI 8
Puts · V 0 · OI 10
Strike4.00
Calls · V 0 · OI 104
Puts · V 0 · OI 283
Strike5.00
Calls · V 10 · OI 204
Puts · V 40 · OI 1476
Strike6.00
Calls · V 75 · OI 1057
Puts · V 0 · OI 589
Strike7.00
Calls · V 4 · OI 956
Puts · V 0 · OI 189
Strike8.00
Calls · V 2 · OI 225
Puts · V 2 · OI 351
Term Structure
Expiration activity
Expiry21 Aug 2026
Contracts30
Avg IV0.73
Put-call0.78
Expiry18 Sep 2026
Contracts26
Avg IV0.86
Put-call-
Expiry20 Nov 2026
Contracts22
Avg IV0.88
Put-call5.40
Expiry15 Jan 2027
Contracts28
Avg IV0.90
Put-call11.25
Expiry19 Feb 2027
Contracts30
Avg IV0.85
Put-call-
Skew
Call/put IV balance
21 Aug 2026Put IV premium
Call IV0.72
Put IV0.82
Skew0.11
18 Sep 2026Balanced skew
Call IV0.96
Put IV0.99
Skew0.03
20 Nov 2026Put IV premium
Call IV0.77
Put IV0.92
Skew0.16
15 Jan 2027Call IV premium
Call IV1.05
Put IV0.95
Skew-0.10
19 Feb 2027Put IV premium
Call IV0.95
Put IV1.06
Skew0.11
Contract Tape
Most active contracts
ContractCHPT260821C00006000
SideCall
Expiry21 Aug 2026
Strike6.00
Volume75
OI1057
IV0.72
ContractCHPT260821P00005000
SidePut
Expiry21 Aug 2026
Strike5.00
Volume40
OI1476
IV0.82
ContractCHPT260821P00011000
SidePut
Expiry21 Aug 2026
Strike11.00
Volume29
OI39
IV2.54
ContractCHPT270115P00011000
SidePut
Expiry15 Jan 2027
Strike11.00
Volume29
OI-
IV1.20
ContractCHPT261120P00006000
SidePut
Expiry20 Nov 2026
Strike6.00
Volume18
OI345
IV1.00
ContractCHPT270115P00007000
SidePut
Expiry15 Jan 2027
Strike7.00
Volume16
OI48
IV0.98
ContractCHPT260821C00005000
SideCall
Expiry21 Aug 2026
Strike5.00
Volume10
OI204
IV0.84
ContractCHPT261120P00005000
SidePut
Expiry20 Nov 2026
Strike5.00
Volume9
OI67
IV0.92
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.