Primary read
Bullish
Call-side pressure
Ticker Options Intelligence
CLB options intelligence
Core Laboratories NV options pressure, expected move, strike concentration, and Sharemaestro trend context.
Conviction
36
Market data through 11 Aug 2026
Checked 12 Aug 2026 13:21 · complete available chain
Call-side pressure
Bullish pressure
CLB currently carries bullish options pressure with a 36/100 conviction score. The nearest-chain expected move is 15.9%, with volume/open-interest participation at 0.02.
Expected move
15.9%
Wider near-term move priced
Activity / OI
0.02
Current volume is quieter versus prior open interest
Put-call
0.43
Call-side skew
Trend fit
13
Options are not fully confirming trend
Weekly backdrop
+6.7%
RS -31.0
Expected move
15.9%
Put-call volume
0.43
Volume / OI
0.02
Reference IV
0.79
Max pain
10.00
Underlying
11.35
Nearest expiry
21 Aug 2026
Contracts
84
Research Brief
CLB has a bullish chain read with 36/100 evidence alignment.
The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 9.55–13.15; The largest call open-interest concentration is 12.50; the largest put concentration is 10.00. The most active strike by current volume is 10.00.
Priced range9.55–13.15
Call concentration12.50
Put concentration10.00
Max pain reference10.00
- Price holds or improves while call-side concentration remains elevated.
- Price weakens while call pressure fades or reverses toward puts.
- 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
Options imply 9.55 to 13.15. Max pain at 10.00 sits inside that range, 11.9% below spot.
Spot
Max pain
9.5511.35 ± 1.8013.15
Confirmation level
A close beyond 13.15 or below 9.55 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 36/100
Pressure is 51/100 toward calls; conviction uses its strength, while the signal label carries its direction.
Directional pressure51 × 42%
+21.3
How strongly activity leans toward calls or puts.
Participation6 × 22%
+1.4
Volume relative to existing open interest and contract-level activity.
Trend agreement13 × 26%
+3.3
How closely the chain read agrees with the underlying trend backdrop.
Volatility95 × 10%
+9.5
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 12.50; the largest put concentration is 10.00. The most active strike by current volume is 10.00. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.
Put open interestStrikeCall open interest
0
2.50-78.0%
0
6
5.00-55.9%
0
2
7.50-33.9%
6
21
10.00-11.9%
10
2
12.5010.1%
72
0
15.0032.2%
13
0
17.5054.2%
6
0
20.0076.2%
0
0
22.5098.2%
1
0
25.00120.3%
7
Nearest spot strike Max pain strikeBars show relative OI within this expiry
Gamma Profile by Strike
Positive gamma proxy
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+$16,214Delta change / 1% move
Positive peak12.50+$10,834
Negative peak10.00-$489
Nearest balance10.11Interpolated sign change
StrikeNegativePositiveNet / 1% move
5.00-55.9%
-$3
7.50-33.9%
+$44
10.00-11.9%
-$489
12.5010.1%
+$10,834
15.0032.2%
+$4,174
17.5054.2%
+$1,372
20.0076.2%
+$116
22.5098.2%
+$97
25.00120.3%
+$15
30.00164.3%
+$51
35.00208.4%
+$4
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
Near-term options are materially richer than later expirations, consistent with concentrated event or immediate-risk pricing.
0.79
21 Aug
10d
0.54
18 Sep
38d
0.52
18 Dec
129d
0.45
19 Mar
220d
Volatility by Strike
Upside optionality premium
Out-of-the-money calls carry higher implied volatility than comparable puts, indicating richer upside optionality.
10
13
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
- Auditable calculationoriginal version retained
- Independent entryone read per market session
- Point-in-time referencerequired at entry
- Matched expiry closereported only after maturity
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
Retained chain100%
Implied volatility100%
Two-sided quotes100%
Open interest100%
- Chain status
- Complete available chain
- Market date
- 11 Aug 2026
- Calculation
- v2.0
- Contracts
- 84 / 84
- 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
Multi-expiry position-maintenance candidate
Activity is spread across expirations with heavier open interest than current volume, which can be consistent with position maintenance.
Options pressure and weekly price action are pointing in the same constructive direction.
Multi-expiry position-maintenance candidate matters because it connects the options headline to the actual evidence: $8,160 of estimated gross traded notional, calls · 91+ days · itm, and a bullish flow confirms price backdrop. Use it as a research priority signal, then validate the chart, liquidity, event calendar, and risk before acting.
Options pressure+51
1W price+6.7%
Call premium89%
Put premium11%
Notional split
C 89% / P 11%
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
13/100
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.
Roll detection is conservative because opening and closing legs are not directly observable in this snapshot.
Calls · 91+ days · ITM
calls cluster with 6 contracts traded, $3,180 estimated gross traded notional, and 39% of visible notional.
$3,180
Calls · 8-21 days · ITM
calls cluster with 4 contracts traded, $1,920 estimated gross traded notional, and 24% of visible notional.
$1,920
Calls · 22-45 days · ITM
calls cluster with 3 contracts traded, $1,515 estimated gross traded notional, and 19% of visible notional.
$1,515
Puts · 22-45 days · ITM
puts cluster with 4 contracts traded, $820 estimated gross traded notional, and 10% of visible notional.
$820
Calls · 22-45 days · OTM
calls cluster with 6 contracts traded, $435 estimated gross traded notional, and 5% of visible notional.
$435
Setup Classification
Opportunity and risk frame
The tape is pricing or displaying unusually elevated activity.
Expected move or upcoming earnings makes the setup more event-sensitive.
Options positioning is not confirming the underlying trend context.
Activity Anomaly
Warming up
9 of 10 completed market sessions are available. More session history is needed before activity can be compared with a reliable normal.
Baseline: 9 completed sessions
Volume rank-
Volume/OI rank-
IV rank-
Market Context
Underlying confirmation
Close11.35
1W+6.7%
RS-31.0
Fair value-31.1%
Options pressure51
Speculation6
Volatility95
Trend fit13
Today Versus Normal
Stored-options context
30d avg - · 9/10 sessions
-
90d avg - · 9/30 sessions
-
180d avg - · 9/60 sessions
-
30d avg - · 9/10 sessions
-
90d avg - · 9/30 sessions
-
180d avg - · 9/60 sessions
-
30d avg - · 9/10 sessions
-
90d avg - · 9/30 sessions
-
180d avg - · 9/60 sessions
-
30d avg - · 9/10 sessions
-
90d avg - · 9/30 sessions
-
180d avg - · 9/60 sessions
-
Pressure Trail
Recent pressure and volatility
29 Jul 11:21
Volatility
Pressure 96
Move 16.4%
30 Jul 11:09
Bullish
Pressure 55
Move 20.5%
31 Jul 13:01
Volatility
Pressure 100
Move 26.0%
1 Aug 00:30
Bullish
Pressure 63
Move 21.1%
2 Aug 09:00
Bullish
Pressure 63
Move 13.2%
4 Aug 10:22
Volatility
Pressure 100
Move 13.1%
5 Aug 10:54
Volatility
Pressure 100
Move 12.6%
6 Aug 11:02
Bullish
Pressure 91
Move 8.1%
Strike Map
Where activity is clustering
Strike2.50
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike5.00
Calls · V 0 · OI 0
Puts · V 0 · OI 6
Strike7.50
Calls · V 4 · OI 6
Puts · V 0 · OI 2
Strike10.00
Calls · V 0 · OI 10
Puts · V 5 · OI 21
Strike12.50
Calls · V 0 · OI 72
Puts · V 0 · OI 2
Strike15.00
Calls · V 0 · OI 13
Puts · V 0 · OI 0
Strike17.50
Calls · V 0 · OI 6
Puts · V 0 · OI 0
Strike20.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Term Structure
Expiration activity
Expiry21 Aug 2026
Contracts20
Avg IV0.79
Put-call1.25
Expiry18 Sep 2026
Contracts24
Avg IV0.54
Put-call0.44
Expiry18 Dec 2026
Contracts22
Avg IV0.52
Put-call-
Expiry19 Mar 2027
Contracts18
Avg IV0.45
Put-call-
Skew
Call/put IV balance
21 Aug 2026Put IV premium
Call IV0.56
Put IV0.66
Skew0.10
18 Sep 2026Put IV premium
Call IV0.28
Put IV0.34
Skew0.06
18 Dec 2026Balanced skew
Call IV0.55
Put IV0.56
Skew0.01
19 Mar 2027Put IV premium
Call IV0.49
Put IV0.62
Skew0.13
Contract Tape
Most active contracts
ContractCLB260918C00012500
SideCall
Expiry18 Sep 2026
Strike12.50
Volume6
OI139
IV0.45
ContractCLB261218C00007500
SideCall
Expiry18 Dec 2026
Strike7.50
Volume6
OI10
IV0.77
ContractCLB260821P00010000
SidePut
Expiry21 Aug 2026
Strike10.00
Volume5
OI21
IV0.66
ContractCLB260821C00007500
SideCall
Expiry21 Aug 2026
Strike7.50
Volume4
OI6
IV0.01
ContractCLB260918C00007500
SideCall
Expiry18 Sep 2026
Strike7.50
Volume3
OI4
IV1.04
ContractCLB260918P00012500
SidePut
Expiry18 Sep 2026
Strike12.50
Volume2
OI8
IV0.44
ContractCLB260918P00015000
SidePut
Expiry18 Sep 2026
Strike15.00
Volume2
OI4
IV1.06
ContractCLB270319C00015000
SideCall
Expiry19 Mar 2027
Strike15.00
Volume2
OI3
IV0.49
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
No upcoming matched earnings event.
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.