Primary read
Volatility
Volatility expansion watch
Ticker Options Intelligence
CLSK options intelligence
CleanSpark Inc options pressure, expected move, strike concentration, and Sharemaestro trend context.
Conviction
46
Market data through 31 Jul 2026
Checked 2 Aug 2026 06:02 · complete available chain
Volatility expansion watch
Volatility pressure
CLSK currently carries volatility options pressure with a 46/100 conviction score. The nearest-chain expected move is 14.5%, with volume/open-interest participation at 0.05.
Expected move
14.5%
Wider near-term move priced
Activity / OI
0.05
Current volume is quieter versus prior open interest
Put-call
0.69
Call-side skew
Trend fit
67
Options agree with trend context
Weekly backdrop
-5.2%
RS -1.3
Expected move
14.5%
Put-call volume
0.69
Volume / OI
0.05
Reference IV
1.26
Max pain
13.00
Underlying
13.76
Nearest expiry
7 Aug 2026
Contracts
752
Research Brief
CLSK has a volatility chain read with 46/100 evidence alignment.
The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 11.77–15.75; The largest call open-interest concentration is 16.00; the largest put concentration is 11.50. The most active strike by current volume is 15.00.
Priced range11.77–15.75
Call concentration16.00
Put concentration11.50
Max pain reference13.00
- 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.
- 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 11.77 to 15.75. Max pain at 13.00 sits inside that range, 5.5% below spot.
Spot
Max pain
11.7713.76 ± 1.9915.75
Confirmation level
A close beyond 15.75 or below 11.77 at the 7 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 46/100
Pressure is 24/100 toward calls; conviction uses its strength, while the signal label carries its direction.
Directional pressure24 × 42%
+9.9
How strongly activity leans toward calls or puts.
Participation41 × 22%
+9.1
Volume relative to existing open interest and contract-level activity.
Trend agreement67 × 26%
+17.3
How closely the chain read agrees with the underlying trend backdrop.
Volatility96 × 10%
+9.6
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 16.00; the largest put concentration is 11.50. The most active strike by current volume is 15.00. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.
Put open interestStrikeCall open interest
470
10.00-27.3%
15
10191
11.50-16.4%
47
691
12.00-12.8%
214
5295
12.50-9.2%
2657
1230
13.00-5.5%
2916
455
13.50-1.9%
312
449
14.001.7%
1204
2072
14.505.4%
2264
156
15.009.0%
1565
472
15.5012.6%
2920
156
16.0016.3%
4181
215
16.5019.9%
3275
8
17.0023.5%
1092
3
17.5027.2%
720
0
18.0030.8%
3608
21
18.5034.4%
3675
0
30.00118.0%
1039
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.
1.26
7 Aug
7d
1.11
14 Aug
14d
1.06
21 Aug
21d
1.12
28 Aug
28d
1.04
4 Sep
35d
1.00
11 Sep
42d
1.05
18 Sep
49d
1.01
18 Dec
140d
Volatility by Strike
Balanced wings
Comparable upside calls and downside puts carry broadly similar implied volatility.
12
12
13
13
14
14
15
15
16
16
17
Put IV Call IV
Historical Replay
How matured reads behaved through expiry
Forward validation is building. The earliest eligible stored read expires 31 Jul 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
- 752 / 752
- 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 pricing movement more than direction; compare expected move with the stock's actual weekly change.
Earnings/event positioning matters because it connects the options headline to the actual evidence: $4.5M of estimated gross traded notional, calls · 91+ 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+24
1W price-5.2%
Call premium63%
Put premium37%
Notional split
C 63% / P 37%
Estimated gross traded notional uses volume × contract multiplier × midpoint, or last price when no valid midpoint is available.
Freshness
0.05
Volume divided by open interest across the visible chain.
Trend fit
67/100
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 · OTM
calls cluster with 3928 contracts traded, $1.0M estimated gross traded notional, and 22% of visible notional.
$1.0M
Calls · 22-45 days · OTM
calls cluster with 5331 contracts traded, $444946 estimated gross traded notional, and 10% of visible notional.
$444946
Puts · 91+ days · OTM
puts cluster with 2205 contracts traded, $376478 estimated gross traded notional, and 8% of visible notional.
$376478
Puts · 8-21 days · ITM
puts cluster with 1362 contracts traded, $352218 estimated gross traded notional, and 8% of visible notional.
$352218
Calls · 46-90 days · OTM
calls cluster with 1956 contracts traded, $253660 estimated gross traded notional, and 6% of visible notional.
$253660
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
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
Close13.76
1W-5.2%
RS-1.3
Fair value+18.4%
Options pressure24
Speculation41
Volatility96
Trend fit67
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 10:41
Volatility
Pressure 44
Move 10.2%
30 Jul 10:38
Volatility
Pressure 69
Move 15.9%
30 Jul 14:57
Volatility
Pressure 52
Move 6.4%
30 Jul 15:12
Volatility
Pressure 62
Move 6.3%
30 Jul 17:48
Volatility
Pressure 57
Move 5.5%
30 Jul 19:36
Volatility
Pressure 57
Move 5.8%
1 Aug 06:37
Volatility
Pressure 24
Move 13.6%
2 Aug 05:02
Volatility
Pressure 24
Move 14.5%
Strike Map
Where activity is clustering
Strike3.00
Calls · V 1 · OI 3
Puts · V 0 · OI 1
Strike4.00
Calls · V 1 · OI 1
Puts · V 0 · OI 0
Strike5.00
Calls · V 1 · OI 1
Puts · V 0 · OI 1
Strike6.00
Calls · V 2 · OI 9
Puts · V 0 · OI 0
Strike7.00
Calls · V 2 · OI 13
Puts · V 0 · OI 0
Strike8.00
Calls · V 3 · OI 5
Puts · V 0 · OI 4
Strike8.50
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike9.00
Calls · V 0 · OI 1
Puts · V 3 · OI 55
Term Structure
Expiration activity
Expiry7 Aug 2026
Contracts82
Avg IV1.26
Put-call0.73
Expiry14 Aug 2026
Contracts82
Avg IV1.11
Put-call0.44
Expiry21 Aug 2026
Contracts84
Avg IV1.06
Put-call2.08
Expiry28 Aug 2026
Contracts76
Avg IV1.12
Put-call0.02
Expiry4 Sep 2026
Contracts76
Avg IV1.04
Put-call0.20
Skew
Call/put IV balance
7 Aug 2026Balanced skew
Call IV1.21
Put IV1.21
Skew-
14 Aug 2026Balanced skew
Call IV1.11
Put IV1.10
Skew-0.01
21 Aug 2026Balanced skew
Call IV1.13
Put IV1.16
Skew0.03
28 Aug 2026Put IV premium
Call IV1.01
Put IV1.07
Skew0.06
4 Sep 2026Balanced skew
Call IV1.05
Put IV1.03
Skew-0.02
Contract Tape
Most active contracts
ContractCLSK260828C00015000
SideCall
Expiry28 Aug 2026
Strike15.00
Volume2563
OI288
IV1.17
ContractCLSK260828C00018000
SideCall
Expiry28 Aug 2026
Strike18.00
Volume2507
OI185
IV0.97
ContractCLSK260821P00012000
SidePut
Expiry21 Aug 2026
Strike12.00
Volume2335
OI3424
IV1.16
ContractCLSK260807C00015000
SideCall
Expiry7 Aug 2026
Strike15.00
Volume2268
OI1565
IV1.16
ContractCLSK260918P00010000
SidePut
Expiry18 Sep 2026
Strike10.00
Volume2005
OI3682
IV0.99
ContractCLSK270115P00010000
SidePut
Expiry15 Jan 2027
Strike10.00
Volume2000
OI7652
IV1.09
ContractCLSK260807C00016000
SideCall
Expiry7 Aug 2026
Strike16.00
Volume1531
OI4181
IV1.22
ContractCLSK260807C00014000
SideCall
Expiry7 Aug 2026
Strike14.00
Volume1395
OI1204
IV1.18
Research Graph
Related research and context
Sharemaestro research
Related News
No recent ticker-specific news yet.
Market Watch
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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.