Ticker Options Intelligence

CODI options intelligence

Compass Diversified Holdings options pressure, expected move, strike concentration, and Sharemaestro trend context.

Conviction 54 Market data through 31 Jul 2026 Checked 1 Aug 2026 07:34 · complete available chain

Volatility expansion watch

Volatility pressure

CODI currently carries volatility options pressure with a 54/100 conviction score. The nearest-chain expected move is 11.2%, with volume/open-interest participation at 0.00.

Options Intelligence Opportunities Bullish confirmation Risks Unusual flow Vol expansion Repeated pressure Compare Chart Weekly report
Primary read Volatility

Volatility expansion watch

Expected move 11.2%

Wider near-term move priced

Activity / OI 0.00

Current volume is quieter versus prior open interest

Put-call 0.00

Call-side skew

Trend fit 12

Options are not fully confirming trend

Weekly backdrop -2.9%

RS 18.9

Expected move 11.2%
Put-call volume -
Volume / OI 0.00
Reference IV 0.62
Max pain 9.00
Underlying 10.03
Nearest expiry 21 Aug 2026
Contracts 272

Research Brief

CODI has a volatility chain read with 54/100 evidence alignment.

The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 8.90–11.16; The largest call open-interest concentration is 12.00; the largest put concentration is 10.00. The most active strike by current volume is 10.00.

Priced range8.90–11.16
Call concentration12.00
Put concentration10.00
Max pain reference9.00
What would confirm it
  • A clear directional pressure reading develops and price begins to agree.
What would weaken it
  • Volatility falls and the chain remains directionally mixed.
  • Options and the weekly trend are not yet giving the same message.

Priced Move

Where the chain says movement becomes exceptional

Size, not direction · through 21 Aug

Options imply 8.90 to 11.16. Max pain at 9.00 sits inside that range, 10.3% below spot.

Spot Max pain
8.9010.03 ± 1.1311.16
Confirmation level

A close beyond 11.16 or below 8.90 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 54/100

Evidence alignment, not probability

Pressure is 100/100 toward calls; conviction uses its strength, while the signal label carries its direction.

Directional pressure100 × 42%
+42.0

How strongly activity leans toward calls or puts.

Participation3 × 22%
+0.7

Volume relative to existing open interest and contract-level activity.

Trend agreement12 × 26%
+3.1

How closely the chain read agrees with the underlying trend backdrop.

Volatility84 × 10%
+8.4

The intensity of implied volatility and the priced move.

Reconstructed score54.2Matches stored calculation

Positioning by Strike

Where open interest and current activity concentrate

Full strike map

The largest call open-interest concentration is 12.00; 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
1.00-90.0%
38
1
2.00-80.1%
7
13
3.00-70.1%
0
50
4.00-60.1%
79
25
5.00-50.1%
26
86
6.00-40.2%
46
109
7.00-30.2%
36
234
8.00-20.2%
336
187
9.00-10.3%
200
384
10.00-0.3%
239
8
11.009.7%
425
0
12.0019.6%
477
6
13.0029.6%
168
1
14.0039.6%
21
0
15.0049.6%
100
0
16.0059.5%
27
0
20.0099.4%
105
Nearest spot strike Max pain strikeBars show relative OI within this expiry

Volatility Curve

Back-loaded volatility

0.84× front/back

Longer-dated options carry more implied volatility than the front expiry, so risk is priced farther out.

0.62 21 Aug 21d
0.68 18 Sep 49d
0.71 20 Nov 112d
0.66 18 Dec 140d
0.71 15 Jan 168d
0.66 19 Feb 203d
0.71 17 Dec 504d
0.74 21 Jan 539d

Volatility by Strike

Balanced wings

Nearest expiry, within 20% of spot

Comparable upside calls and downside puts carry broadly similar implied volatility.

9
10
11
12
Put IV Call IV

Historical Replay

How matured reads behaved through expiry

0 directional observations

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

A100/100
Retained chain100%
Implied volatility100%
Two-sided quotes100%
Open interest100%
Chain status
Complete available chain
Market date
31 Jul 2026
Calculation
v2.0
Contracts
272 / 272
  • 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

82/100
Primary intent Earnings/event positioning

Options activity is concentrated around a live event window, so the cleanest read is event positioning rather than pure direction.

Flow vs price divergence Volatility flow versus price

Options are pricing movement more than direction; compare expected move with the stock's actual weekly change.

Why this matters

Earnings/event positioning matters because it connects the options headline to the actual evidence: $10865 of estimated gross traded notional, calls · 91+ days · itm, 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+100
1W price-2.9%
Call premium100%
Put premium0%
Notional split C 100% / P 0% Estimated gross traded notional uses volume × contract multiplier × midpoint, or last price when no valid midpoint is available.
Freshness 0.00 Volume divided by open interest across the visible chain.
Trend fit 12/100 Agreement between options pressure and Sharemaestro market context.
Event window 3 Aug Matched earnings event is 2 days away.
Aggregate chain data does not identify trade aggressor or opening versus closing activity; call/put concentration is not proof of market direction.
Conviction clusters Calls · 91+ days · ITM
Calls · 91+ days · ITM calls cluster with 11 contracts traded, $7000 estimated gross traded notional, and 64% of visible notional.
$7000
Calls · 91+ days · ATM calls cluster with 10 contracts traded, $3650 estimated gross traded notional, and 34% of visible notional.
$3650
Calls · 91+ days · OTM calls cluster with 1 contracts traded, $130 estimated gross traded notional, and 1% of visible notional.
$130
Calls · 8-21 days · ATM calls cluster with 1 contracts traded, $68 estimated gross traded notional, and 1% of visible notional.
$68
Calls · 8-21 days · OTM calls cluster with 1 contracts traded, $18 estimated gross traded notional, and 0% of visible notional.
$18

Setup Classification

Opportunity and risk frame

Context, not advice
Warning Volatility expansion

The tape is pricing or displaying unusually elevated activity.

Warning Event-risk setup

Expected move or upcoming earnings makes the setup more event-sensitive.

Negative Options disagreement

Options positioning is not confirming the underlying trend context.

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

Sharemaestro weekly
Close10.03
1W-2.9%
RS18.9
Fair value-33.7%
Options pressure100
Speculation3
Volatility84
Trend fit12

Today Versus Normal

Stored-options context

View history
Expected move 11.2% history building
30d avg - · 3/10 sessions -
90d avg - · 3/30 sessions -
180d avg - · 3/60 sessions -
IV 0.62 history building
30d avg - · 3/10 sessions -
90d avg - · 3/30 sessions -
180d avg - · 3/60 sessions -
Put-call 0.00 history building
30d avg - · 3/10 sessions -
90d avg - · 3/30 sessions -
180d avg - · 3/60 sessions -
Volume/OI 0.00 history building
30d avg - · 3/10 sessions -
90d avg - · 3/30 sessions -
180d avg - · 3/60 sessions -

Pressure Trail

Recent pressure and volatility

Open trail
29 Jul 11:15 Volatility
Pressure 96
Move 17.2%
30 Jul 11:02 Volatility
Pressure -83
Move 19.2%
31 Jul 06:38 Mixed
Pressure -9
Move 13.2%
31 Jul 23:17 Volatility
Pressure 67
Move 11.2%
1 Aug 06:34 Volatility
Pressure 100
Move 11.2%

Strike Map

Where activity is clustering

Full strike map
Strike1.00
Calls · V 0 · OI 38
Puts · V 0 · OI 0
Strike2.00
Calls · V 0 · OI 7
Puts · V 0 · OI 1
Strike3.00
Calls · V 0 · OI 0
Puts · V 0 · OI 13
Strike4.00
Calls · V 0 · OI 79
Puts · V 0 · OI 50
Strike5.00
Calls · V 0 · OI 26
Puts · V 0 · OI 25
Strike6.00
Calls · V 0 · OI 46
Puts · V 0 · OI 86
Strike7.00
Calls · V 0 · OI 36
Puts · V 0 · OI 109
Strike8.00
Calls · V 0 · OI 336
Puts · V 0 · OI 234

Term Structure

Expiration activity

Volume and IV
Expiry21 Aug 2026
Contracts40
Avg IV0.62
Put-call-
Expiry18 Sep 2026
Contracts36
Avg IV0.68
Put-call-
Expiry20 Nov 2026
Contracts40
Avg IV0.71
Put-call-
Expiry18 Dec 2026
Contracts40
Avg IV0.66
Put-call-
Expiry15 Jan 2027
Contracts36
Avg IV0.71
Put-call-

Skew

Call/put IV balance

OTM demand
21 Aug 2026Balanced skew
Call IV0.74
Put IV0.73
Skew-0.01
18 Sep 2026Call IV premium
Call IV0.83
Put IV0.72
Skew-0.12
20 Nov 2026Call IV premium
Call IV0.78
Put IV0.67
Skew-0.11
18 Dec 2026Balanced skew
Call IV0.70
Put IV0.67
Skew-0.03
15 Jan 2027Put IV premium
Call IV0.64
Put IV0.75
Skew0.11

Contract Tape

Most active contracts

Full contract tape
ContractCODI280121C00010000
SideCall
Expiry21 Jan 2028
Strike10.00
Volume10
OI28
IV0.73
ContractCODI280121C00005000
SideCall
Expiry21 Jan 2028
Strike5.00
Volume10
OI26
IV0.79
ContractCODI260821C00012000
SideCall
Expiry21 Aug 2026
Strike12.00
Volume1
OI477
IV0.74
ContractCODI260821C00010000
SideCall
Expiry21 Aug 2026
Strike10.00
Volume1
OI239
IV0.66
ContractCODI261120C00011000
SideCall
Expiry20 Nov 2026
Strike11.00
Volume1
OI9
IV0.73
ContractCODI280121C00001000
SideCall
Expiry21 Jan 2028
Strike1.00
Volume1
OI4
IV0.01
ContractCODI270115C00015000
SideCall
Expiry15 Jan 2027
Strike15.00
Volume-
OI68851
IV0.64
ContractCODI270115C00008000
SideCall
Expiry15 Jan 2027
Strike8.00
Volume-
OI50004
IV0.76