Primary read
Bullish
Call-side pressure
Ticker Options Intelligence
CCK options intelligence
Crown Holdings Inc options pressure, expected move, strike concentration, and Sharemaestro trend context.
Conviction
35
Market data through 30 Jul 2026
Checked 30 Jul 2026 14:38 · complete available chain
Call-side pressure
Bullish pressure
CCK currently carries bullish options pressure with a 35/100 conviction score. The nearest-chain expected move is 7.6%, with volume/open-interest participation at 0.11.
Expected move
7.6%
Wider near-term move priced
Activity / OI
0.11
Current volume is quieter versus prior open interest
Put-call
0.81
Balanced tape
Trend fit
74
Options agree with trend context
Weekly backdrop
+0.6%
RS 7.5
Expected move
7.6%
Put-call volume
0.81
Volume / OI
0.11
Reference IV
0.03
Max pain
110.00
Underlying
117.88
Nearest expiry
21 Aug 2026
Contracts
107
Research Brief
CCK has a bullish chain read with 35/100 evidence alignment.
The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 108.90–126.86; The largest call open-interest concentration is 115.00; the largest put concentration is 115.00. The most active strike by current volume is 125.00.
Priced range108.90–126.86
Call concentration115.00
Put concentration115.00
Max pain reference110.00
- Price holds or improves while call-side concentration remains elevated.
- The current chain read already agrees with the stored weekly trend context.
- Price weakens while call pressure fades or reverses toward puts.
Priced Move
Where the chain says movement becomes exceptional
Options imply 108.90 to 126.86. Max pain at 110.00 sits inside that range, 6.7% below spot.
Spot
Max pain
108.90117.88 ± 8.98126.86
Confirmation level
A close beyond 126.86 or below 108.90 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 35/100
Pressure is 20/100 toward calls; conviction uses its strength, while the signal label carries its direction.
Directional pressure20 × 42%
+8.3
How strongly activity leans toward calls or puts.
Participation18 × 22%
+4.1
Volume relative to existing open interest and contract-level activity.
Trend agreement74 × 26%
+19.3
How closely the chain read agrees with the underlying trend backdrop.
Volatility32 × 10%
+3.2
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 115.00; the largest put concentration is 115.00. The most active strike by current volume is 125.00. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.
Put open interestStrikeCall open interest
30
85.00-27.9%
0
5
90.00-23.7%
1
2
92.50-21.5%
1
64
95.00-19.4%
0
5
97.50-17.3%
0
60
100.00-15.2%
0
11
105.00-10.9%
78
47
110.00-6.7%
46
93
115.00-2.4%
712
12
120.001.8%
39
0
125.006.0%
255
0
130.0010.3%
179
0
135.0014.5%
24
0
145.0023.0%
21
0
150.0027.2%
1
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.
0.03
21 Aug
22d
0.02
18 Sep
50d
0.01
16 Oct
78d
0.10
15 Jan
169d
Volatility by Strike
Downside protection premium
Out-of-the-money puts carry higher implied volatility than comparable calls, indicating richer downside protection.
95
98
100
105
110
115
120
125
130
135
Put IV Call IV
Historical Replay
How matured reads behaved through expiry
No independently verifiable option-expiry outcomes have matured yet. Legacy snapshots without a point-in-time market reference and repeated same-session snapshots are deliberately excluded.
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
Usable with limits
Retained chain100%
Implied volatility100%
Two-sided quotes99%
Open interest100%
- Chain status
- Complete available chain
- Market date
- 30 Jul 2026
- Calculation
- v1.x legacy
- Contracts
- 107 / 107
- 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
Call-heavy activity with trend alignment
Call concentration and the underlying trend align, but aggregate volume cannot establish whether calls were bought or sold.
Call-side pressure is building before a meaningful weekly price response.
Call-heavy activity with trend alignment matters because it connects the options headline to the actual evidence: $380641 of estimated gross traded notional, puts · 91+ days · otm, and a bullish flow before price confirmation backdrop. Use it as a research priority signal, then validate the chart, liquidity, event calendar, and risk before acting.
Options pressure+20
1W price+0.6%
Call premium58%
Put premium42%
Notional split
C 58% / P 42%
Estimated gross traded notional uses volume × contract multiplier × midpoint, or last price when no valid midpoint is available.
Freshness
0.11
Volume divided by open interest across the visible chain.
Trend fit
74/100
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 · OTM
puts cluster with 133 contracts traded, $133762 estimated gross traded notional, and 35% of visible notional.
$133762
Calls · 91+ days · ITM
calls cluster with 54 contracts traded, $118925 estimated gross traded notional, and 31% of visible notional.
$118925
Calls · 46-90 days · ITM
calls cluster with 21 contracts traded, $23520 estimated gross traded notional, and 6% of visible notional.
$23520
Calls · 46-90 days · OTM
calls cluster with 73 contracts traded, $19840 estimated gross traded notional, and 5% of visible notional.
$19840
Calls · 22-45 days · ITM
calls cluster with 10 contracts traded, $14964 estimated gross traded notional, and 4% of visible notional.
$14964
Setup Classification
Opportunity and risk frame
Positioning agrees with the Sharemaestro trend backdrop.
Expected move or upcoming earnings makes the setup more event-sensitive.
Call pressure is building while the stock sits above Sharemaestro fair value.
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
Close117.88
1W+0.6%
RS7.5
Fair value+29.6%
Options pressure20
Speculation18
Volatility32
Trend fit74
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 10:26
Bullish
Pressure 93
Move 6.1%
30 Jul 10:22
Bullish
Pressure 54
Move 5.6%
30 Jul 13:38
Bullish
Pressure 20
Move 7.6%
Strike Map
Where activity is clustering
Strike85.00
Calls · V 0 · OI 0
Puts · V 2 · OI 30
Strike90.00
Calls · V 1 · OI 1
Puts · V 3 · OI 5
Strike92.50
Calls · V 0 · OI 1
Puts · V 2 · OI 2
Strike95.00
Calls · V 0 · OI 0
Puts · V 1 · OI 64
Strike97.50
Calls · V 0 · OI 0
Puts · V 0 · OI 5
Strike100.00
Calls · V 0 · OI 0
Puts · V 10 · OI 60
Strike105.00
Calls · V 7 · OI 78
Puts · V 1 · OI 11
Strike110.00
Calls · V 2 · OI 46
Puts · V 3 · OI 47
Term Structure
Expiration activity
Expiry21 Aug 2026
Contracts21
Avg IV0.03
Put-call0.50
Expiry18 Sep 2026
Contracts12
Avg IV0.02
Put-call0.54
Expiry16 Oct 2026
Contracts26
Avg IV0.01
Put-call0.50
Expiry15 Jan 2027
Contracts48
Avg IV0.10
Put-call1.27
Skew
Call/put IV balance
21 Aug 2026Balanced skew
Call IV0.06
Put IV0.06
Skew-
18 Sep 2026Balanced skew
Call IV0.03
Put IV0.06
Skew0.03
16 Oct 2026Balanced skew
Call IV0.03
Put IV0.03
Skew-
15 Jan 2027Put IV premium
Call IV0.02
Put IV0.77
Skew0.75
Contract Tape
Most active contracts
ContractCCK260821C00145000
SideCall
Expiry21 Aug 2026
Strike145.00
Volume-
OI21
IV0.13
ContractCCK260918P00095000
SidePut
Expiry18 Sep 2026
Strike95.00
Volume-
OI6
IV0.13
ContractCCK260918P00105000
SidePut
Expiry18 Sep 2026
Strike105.00
Volume-
OI6
IV0.06
ContractCCK260918P00090000
SidePut
Expiry18 Sep 2026
Strike90.00
Volume-
OI5
IV0.13
ContractCCK260821P00097500
SidePut
Expiry21 Aug 2026
Strike97.50
Volume-
OI5
IV0.13
ContractCCK270115P00135000
SidePut
Expiry15 Jan 2027
Strike135.00
Volume-
OI2
IV0.00
ContractCCK260918C00140000
SideCall
Expiry18 Sep 2026
Strike140.00
Volume-
OI1
IV0.13
ContractCCK270115P00042500
SidePut
Expiry15 Jan 2027
Strike42.50
Volume-
OI1
IV0.88
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.