Primary read
Bullish
Call-side pressure
Ticker Options Intelligence
AZ options intelligence
A2Z Smart Technologies Corp options pressure, expected move, strike concentration, and Sharemaestro trend context.
Conviction
41
Market data through 31 Jul 2026
Checked 2 Aug 2026 23:08 · complete available chain
Call-side pressure
Bullish pressure
AZ currently carries bullish options pressure with a 41/100 conviction score. The nearest-chain expected move is 18.3%, with volume/open-interest participation at 0.04.
Expected move
18.3%
Wider near-term move priced
Activity / OI
0.04
Current volume is quieter versus prior open interest
Put-call
0.34
Call-side skew
Trend fit
13
Options are not fully confirming trend
Weekly backdrop
+10.0%
RS -18.2
Expected move
18.3%
Put-call volume
0.34
Volume / OI
0.04
Reference IV
1.23
Max pain
6.00
Underlying
6.15
Nearest expiry
21 Aug 2026
Contracts
126
Research Brief
AZ has a bullish chain read with 41/100 evidence alignment.
The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 5.02–7.28; The largest call open-interest concentration is 6.00; the largest put concentration is 7.00. The most active strike by current volume is 6.00.
Priced range5.02–7.28
Call concentration6.00
Put concentration7.00
Max pain reference6.00
- 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 5.02 to 7.28. Max pain at 6.00 sits inside that range, 2.4% below spot.
Spot
Max pain
5.026.15 ± 1.137.28
Confirmation level
A close beyond 7.28 or below 5.02 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 41/100
Pressure is 45/100 toward calls; conviction uses its strength, while the signal label carries its direction.
Directional pressure45 × 42%
+18.9
How strongly activity leans toward calls or puts.
Participation41 × 22%
+9.0
Volume relative to existing open interest and contract-level activity.
Trend agreement13 × 26%
+3.4
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 6.00; the largest put concentration is 7.00. The most active strike by current volume is 6.00. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.
Put open interestStrikeCall open interest
0
1.00-83.7%
0
0
2.00-67.5%
0
0
3.00-51.2%
0
1
4.00-35.0%
0
20
5.00-18.7%
1
793
6.00-2.4%
3528
1266
7.0013.8%
2668
305
8.0030.1%
566
0
9.0046.3%
112
141
10.0062.6%
274
41
11.0078.9%
1
0
12.0095.1%
0
0
13.00111.4%
0
0
14.00127.6%
0
0
15.00143.9%
0
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.
1.23
21 Aug
21d
1.15
18 Sep
49d
1.03
20 Nov
112d
0.90
18 Dec
140d
0.67
19 Feb
203d
Volatility by Strike
Upside optionality premium
Out-of-the-money calls carry higher implied volatility than comparable puts, indicating richer upside optionality.
5
6
7
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
- 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
- 126 / 126
- 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 pressure and weekly price action are pointing in the same constructive direction.
Earnings/event positioning matters because it connects the options headline to the actual evidence: $75872 of estimated gross traded notional, calls · 91+ days · otm, 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+45
1W price+10.0%
Call premium78%
Put premium22%
Notional split
C 78% / P 22%
Estimated gross traded notional uses volume × contract multiplier × midpoint, or last price when no valid midpoint is available.
Freshness
0.04
Volume divided by open interest across the visible chain.
Trend fit
13/100
Agreement between options pressure and Sharemaestro market context.
Event window
12 Aug
Matched earnings event is 9 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 291 contracts traded, $27645 estimated gross traded notional, and 36% of visible notional.
$27645
Calls · 8-21 days · ATM
calls cluster with 439 contracts traded, $26340 estimated gross traded notional, and 35% of visible notional.
$26340
Puts · 8-21 days · ATM
puts cluster with 230 contracts traded, $12075 estimated gross traded notional, and 16% of visible notional.
$12075
Puts · 8-21 days · ITM
puts cluster with 40 contracts traded, $4500 estimated gross traded notional, and 6% of visible notional.
$4500
Calls · 46-90 days · ATM
calls cluster with 20 contracts traded, $2400 estimated gross traded notional, and 3% of visible notional.
$2400
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.
Underlying price is close to the max-pain zone.
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
Close6.15
1W+10.0%
RS-18.2
Fair value+14.0%
Options pressure45
Speculation41
Volatility96
Trend fit13
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 11:37
Volatility
Pressure 94
Move 20.1%
30 Jul 11:16
Bullish
Pressure 60
Move 21.0%
31 Jul 13:34
Bullish
Pressure 47
Move 18.8%
2 Aug 22:08
Bullish
Pressure 45
Move 18.3%
Strike Map
Where activity is clustering
Strike1.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike2.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike3.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike4.00
Calls · V 0 · OI 0
Puts · V 0 · OI 1
Strike5.00
Calls · V 0 · OI 1
Puts · V 0 · OI 20
Strike6.00
Calls · V 439 · OI 3528
Puts · V 230 · OI 793
Strike7.00
Calls · V 0 · OI 2668
Puts · V 40 · OI 1266
Strike8.00
Calls · V 0 · OI 566
Puts · V 0 · OI 305
Term Structure
Expiration activity
Expiry21 Aug 2026
Contracts30
Avg IV1.23
Put-call0.62
Expiry18 Sep 2026
Contracts22
Avg IV1.15
Put-call-
Expiry20 Nov 2026
Contracts28
Avg IV1.03
Put-call-
Expiry18 Dec 2026
Contracts24
Avg IV0.90
Put-call-
Expiry19 Feb 2027
Contracts22
Avg IV0.67
Put-call-
Skew
Call/put IV balance
21 Aug 2026Balanced skew
Call IV1.07
Put IV1.05
Skew-0.02
18 Sep 2026Put IV premium
Call IV0.81
Put IV2.01
Skew1.20
20 Nov 2026Put IV premium
Call IV0.81
Put IV1.86
Skew1.04
18 Dec 2026Put IV premium
Call IV0.29
Put IV0.86
Skew0.58
19 Feb 2027Put IV premium
Call IV0.81
Put IV1.16
Skew0.35
Contract Tape
Most active contracts
ContractAZ260821C00006000
SideCall
Expiry21 Aug 2026
Strike6.00
Volume439
OI3528
IV0.88
ContractAZ261218C00007000
SideCall
Expiry18 Dec 2026
Strike7.00
Volume291
OI2081
IV0.81
ContractAZ260821P00006000
SidePut
Expiry21 Aug 2026
Strike6.00
Volume230
OI793
IV1.05
ContractAZ260821P00007000
SidePut
Expiry21 Aug 2026
Strike7.00
Volume40
OI1266
IV0.98
ContractAZ260918C00006000
SideCall
Expiry18 Sep 2026
Strike6.00
Volume20
OI20
IV1.26
ContractAZ260918C00007000
SideCall
Expiry18 Sep 2026
Strike7.00
Volume20
OI1
IV0.81
ContractAZ270219C00006000
SideCall
Expiry19 Feb 2027
Strike6.00
Volume15
OI-
IV0.70
ContractAZ261218P00010000
SidePut
Expiry18 Dec 2026
Strike10.00
Volume-
OI3921
IV0.87
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.