Ticker Options Intelligence

PPIH options intelligence

Perma-Pipe International Holdings Inc options pressure, expected move, strike concentration, and Sharemaestro trend context.

Conviction 51 Market data through 30 Jul 2026 Checked 30 Jul 2026 20:49 · complete available chain

Volatility expansion watch

Volatility pressure

PPIH currently carries volatility options pressure with a 51/100 conviction score. The nearest-chain expected move is 11.2%, with volume/open-interest participation at 0.13.

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

Volatility expansion watch

Expected move 11.2%

Wider near-term move priced

Activity / OI 0.13

Current volume is quieter versus prior open interest

Put-call 0.12

Call-side skew

Trend fit 0

Options are not fully confirming trend

Weekly backdrop -1.2%

RS -20.3

Expected move 11.2%
Put-call volume 0.12
Volume / OI 0.13
Reference IV 0.98
Max pain 25.00
Underlying 25.11
Nearest expiry 21 Aug 2026
Contracts 41

Research Brief

PPIH has a volatility chain read with 51/100 evidence alignment.

The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 22.31–27.91; The largest call open-interest concentration is 25.00; the largest put concentration is 25.00. The most active strike by current volume is 25.00.

Priced range22.31–27.91
Call concentration25.00
Put concentration25.00
Max pain reference25.00
What would confirm it
  • A clear directional pressure reading develops and price begins to agree.
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 21 Aug

Options imply 22.31 to 27.91. Max pain at 25.00 sits inside that range, 0.4% below spot.

Spot Max pain
22.3125.11 ± 2.8027.91
Confirmation level

A close beyond 27.91 or below 22.31 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 51/100

Evidence alignment, not probability

Pressure is 88/100 toward calls; conviction uses its strength, while the signal label carries its direction.

Directional pressure88 × 42%
+37.1

How strongly activity leans toward calls or puts.

Participation19 × 22%
+4.2

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 score50.8Matches stored calculation

Positioning by Strike

Where open interest and current activity concentrate

Full strike map

The largest call open-interest concentration is 25.00; the largest put concentration is 25.00. The most active strike by current volume is 25.00. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.

Put open interestStrikeCall open interest
1
15.00-40.3%
0
5
22.50-10.4%
0
178
25.00-0.4%
101
2
30.0019.5%
7
0
35.0039.4%
1
0
40.0059.3%
1
Nearest spot strike Max pain strikeBars show relative OI within this expiry

Volatility Curve

Front-loaded volatility

1.38× front/back

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

0.98 21 Aug 22d
0.60 18 Sep 50d
0.53 18 Dec 141d
0.71 19 Mar 232d

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.

23
25
30
Put IV Call IV

Historical Replay

How matured reads behaved through expiry

0 directional observations

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

A95/100
Retained chain100%
Implied volatility100%
Two-sided quotes100%
Open interest100%
Chain status
Complete available chain
Market date
30 Jul 2026
Calculation
v2.0
Contracts
41 / 41
  • 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: $37629 of estimated gross traded notional, calls · 91+ days · atm, 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+88
1W price-1.2%
Call premium90%
Put premium10%
Notional split C 90% / P 10% Estimated gross traded notional uses volume × contract multiplier × midpoint, or last price when no valid midpoint is available.
Freshness 0.13 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 · 91+ days · ATM
Calls · 91+ days · ATM calls cluster with 47 contracts traded, $18780 estimated gross traded notional, and 50% of visible notional.
$18780
Calls · 46-90 days · OTM calls cluster with 62 contracts traded, $5725 estimated gross traded notional, and 15% of visible notional.
$5725
Calls · 91+ days · ITM calls cluster with 4 contracts traded, $3325 estimated gross traded notional, and 9% of visible notional.
$3325
Calls · 46-90 days · ATM calls cluster with 10 contracts traded, $2450 estimated gross traded notional, and 7% of visible notional.
$2450
Calls · 46-90 days · ITM calls cluster with 3 contracts traded, $2139 estimated gross traded notional, and 6% of visible notional.
$2139

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.

Warning Crowded strike risk

Underlying price is close to the max-pain zone.

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

Sharemaestro weekly
Close25.11
1W-1.2%
RS-20.3
Fair value+46.3%
Options pressure88
Speculation19
Volatility96
Trend fit0

Today Versus Normal

Stored-options context

View history
Expected move 11.2% history building
30d avg - · 2/10 sessions -
90d avg - · 2/30 sessions -
180d avg - · 2/60 sessions -
IV 0.98 history building
30d avg - · 2/10 sessions -
90d avg - · 2/30 sessions -
180d avg - · 2/60 sessions -
Put-call 0.12 history building
30d avg - · 2/10 sessions -
90d avg - · 2/30 sessions -
180d avg - · 2/60 sessions -
Volume/OI 0.13 history building
30d avg - · 2/10 sessions -
90d avg - · 2/30 sessions -
180d avg - · 2/60 sessions -

Pressure Trail

Recent pressure and volatility

Open trail
29 Jul 11:38 Bullish
Pressure 51
Move 11.1%
30 Jul 11:17 Volatility
Pressure 96
Move 12.2%
30 Jul 19:49 Volatility
Pressure 88
Move 11.2%

Strike Map

Where activity is clustering

Full strike map
Strike15.00
Calls · V 0 · OI 0
Puts · V 1 · OI 1
Strike22.50
Calls · V 0 · OI 0
Puts · V 2 · OI 5
Strike25.00
Calls · V 1 · OI 101
Puts · V 9 · OI 178
Strike30.00
Calls · V 1 · OI 7
Puts · V 0 · OI 2
Strike35.00
Calls · V 0 · OI 1
Puts · V 0 · OI 0
Strike40.00
Calls · V 0 · OI 1
Puts · V 0 · OI 0

Term Structure

Expiration activity

Volume and IV
Expiry21 Aug 2026
Contracts8
Avg IV0.98
Put-call6.00
Expiry18 Sep 2026
Contracts15
Avg IV0.60
Put-call0.04
Expiry18 Dec 2026
Contracts16
Avg IV0.53
Put-call0.03
Expiry19 Mar 2027
Contracts2
Avg IV0.71
Put-call-

Skew

Call/put IV balance

OTM demand
21 Aug 2026Call IV premium
Call IV0.74
Put IV0.62
Skew-0.12
18 Sep 2026Call IV premium
Call IV0.75
Put IV0.56
Skew-0.19
18 Dec 2026Call IV premium
Call IV0.77
Put IV0.60
Skew-0.17
19 Mar 2027Incomplete skew
Call IV-
Put IV-
Skew-

Contract Tape

Most active contracts

Full contract tape
ContractPPIH260918P00017500
SidePut
Expiry18 Sep 2026
Strike17.50
Volume-
OI10
IV1.03
ContractPPIH261218P00022500
SidePut
Expiry18 Dec 2026
Strike22.50
Volume-
OI5
IV0.59
ContractPPIH260821P00030000
SidePut
Expiry21 Aug 2026
Strike30.00
Volume-
OI2
IV1.11
ContractPPIH260821C00035000
SideCall
Expiry21 Aug 2026
Strike35.00
Volume-
OI1
IV1.46
ContractPPIH260821C00040000
SideCall
Expiry21 Aug 2026
Strike40.00
Volume-
OI1
IV1.12
ContractPPIH270319C00022500
SideCall
Expiry19 Mar 2027
Strike22.50
Volume-
OI1
IV0.73
ContractPPIH261218P00040000
SidePut
Expiry18 Dec 2026
Strike40.00
Volume-
OI-
IV0.00
ContractPPIH261218P00030000
SidePut
Expiry18 Dec 2026
Strike30.00
Volume-
OI-
IV0.00