Primary read
Mixed
Options-market disagreement
Ticker Options Intelligence
CTSH options intelligence
Cognizant Technology Solutions Corp Class A options pressure, expected move, strike concentration, and Sharemaestro trend context.
Conviction
34
Market data through 29 Jul 2026
Checked 29 Jul 2026 22:12 · complete available chain
Options-market disagreement
Mixed pressure
CTSH currently carries mixed options pressure with a 34/100 conviction score. The nearest-chain expected move is 26.3%, with volume/open-interest participation at 0.11.
Expected move
26.3%
Wider near-term move priced
Activity / OI
0.11
Current volume is quieter versus prior open interest
Put-call
1.00
Balanced tape
Trend fit
60
Options are not fully confirming trend
Weekly backdrop
+1.5%
RS -36.5
Expected move
26.3%
Put-call volume
1.00
Volume / OI
0.11
Reference IV
0.68
Max pain
47.50
Underlying
45.45
Nearest expiry
21 Aug 2026
Contracts
375
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.
The options read is mixed, so divergence is not strong enough to classify.
Earnings/event positioning matters because it connects the options headline to the actual evidence: $5.8M of estimated gross traded notional, puts · 46-90 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+1
1W price+1.5%
Call premium45%
Put premium55%
Notional split
C 45% / P 55%
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
60/100
Agreement between options pressure and Sharemaestro market context.
Event window
29 Jul
Matched earnings event is 0 days away.
Aggregate chain data does not identify trade aggressor or opening versus closing activity; call/put concentration is not proof of market direction.
Puts · 46-90 days · ITM
puts cluster with 1207 contracts traded, $1.5M estimated gross traded notional, and 26% of visible notional.
$1.5M
Calls · 91+ days · OTM
calls cluster with 2131 contracts traded, $1.3M estimated gross traded notional, and 22% of visible notional.
$1.3M
Puts · 91+ days · ITM
puts cluster with 690 contracts traded, $1.2M estimated gross traded notional, and 21% of visible notional.
$1.2M
Calls · 91+ days · ITM
calls cluster with 201 contracts traded, $481330 estimated gross traded notional, and 8% of visible notional.
$481330
Calls · 22-45 days · OTM
calls cluster with 1525 contracts traded, $416308 estimated gross traded notional, and 7% of visible notional.
$416308
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.
Activity Anomaly
Normal range
Activity is broadly in line with recent stored snapshots.
Volume rank0th
Volume/OI rank0th
IV rank100th
Market Context
Underlying confirmation
Close45.45
1W+1.5%
RS-36.5
Fair value-34.7%
Options pressure1
Speculation43
Volatility88
Trend fit60
Today Versus Normal
Stored-options context
30d avg 16.9% · 1 read
100th
90d avg 16.9% · 1 read
100th
180d avg 16.9% · 1 read
100th
30d avg 0.67 · 1 read
100th
90d avg 0.67 · 1 read
100th
180d avg 0.67 · 1 read
100th
30d avg 0.49 · 1 read
100th
90d avg 0.49 · 1 read
100th
180d avg 0.49 · 1 read
100th
30d avg 0.25 · 1 read
0th
90d avg 0.25 · 1 read
0th
180d avg 0.25 · 1 read
0th
Pressure Trail
Recent pressure and volatility
29 Jul 10:15
Bullish
Pressure 34
Move 16.9%
29 Jul 21:12
Mixed
Pressure 1
Move 26.3%
Strike Map
Where activity is clustering
Strike25.00
Calls · V 0 · OI 0
Puts · V 1 · OI 12
Strike27.50
Calls · V 0 · OI 1
Puts · V 1 · OI 3
Strike30.00
Calls · V 12 · OI 27
Puts · V 1 · OI 13
Strike32.50
Calls · V 1 · OI 1
Puts · V 5 · OI 125
Strike35.00
Calls · V 4 · OI 5
Puts · V 6 · OI 107
Strike37.50
Calls · V 4 · OI 91
Puts · V 11 · OI 1505
Strike40.00
Calls · V 4 · OI 136
Puts · V 82 · OI 966
Strike42.50
Calls · V 49 · OI 733
Puts · V 89 · OI 1284
Term Structure
Expiration activity
Expiry21 Aug 2026
Contracts27
Avg IV0.68
Put-call1.49
Expiry18 Sep 2026
Contracts55
Avg IV0.58
Put-call1.68
Expiry16 Oct 2026
Contracts39
Avg IV0.55
Put-call1.77
Expiry18 Dec 2026
Contracts56
Avg IV0.54
Put-call0.13
Expiry15 Jan 2027
Contracts63
Avg IV0.53
Put-call0.41
Skew
Call/put IV balance
21 Aug 2026Call IV premium
Call IV0.78
Put IV0.67
Skew-0.10
18 Sep 2026Put IV premium
Call IV0.61
Put IV0.67
Skew0.06
16 Oct 2026Balanced skew
Call IV0.52
Put IV0.51
Skew0.00
18 Dec 2026Balanced skew
Call IV0.56
Put IV0.54
Skew-0.02
15 Jan 2027Balanced skew
Call IV0.50
Put IV0.54
Skew0.04
Contract Tape
Most active contracts
ContractCTSH261218P00067500
SidePut
Expiry18 Dec 2026
Strike67.50
Volume-
OI21
IV0.00
ContractCTSH270115P00087500
SidePut
Expiry15 Jan 2027
Strike87.50
Volume-
OI11
IV0.00
ContractCTSH261016C00037500
SideCall
Expiry16 Oct 2026
Strike37.50
Volume-
OI6
IV0.67
ContractCTSH270319C00027500
SideCall
Expiry19 Mar 2027
Strike27.50
Volume-
OI5
IV0.65
ContractCTSH261016P00025000
SidePut
Expiry16 Oct 2026
Strike25.00
Volume-
OI2
IV1.33
ContractCTSH280121C00092500
SideCall
Expiry21 Jan 2028
Strike92.50
Volume-
OI2
IV0.56
ContractCTSH270617C00027500
SideCall
Expiry17 Jun 2027
Strike27.50
Volume-
OI2
IV0.62
ContractCTSH270617P00060000
SidePut
Expiry17 Jun 2027
Strike60.00
Volume-
OI1
IV0.55
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.