Ticker Options Intelligence

NXST options intelligence

Nexstar Broadcasting Group Inc options pressure, expected move, strike concentration, and Sharemaestro trend context.

Conviction 41 Market data through 30 Jul 2026 Checked 31 Jul 2026 11:23 · complete available chain

Call-side pressure

Bullish pressure

NXST currently carries bullish options pressure with a 41/100 conviction score. The nearest-chain expected move is 10.8%, with volume/open-interest participation at 0.03.

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

Call-side pressure

Expected move 10.8%

Wider near-term move priced

Activity / OI 0.03

Current volume is quieter versus prior open interest

Put-call 0.37

Call-side skew

Trend fit 7

Options are not fully confirming trend

Weekly backdrop +3.9%

RS -12.1

Expected move 10.8%
Put-call volume 0.37
Volume / OI 0.03
Reference IV 0.51
Max pain 185.00
Underlying 183.31
Nearest expiry 21 Aug 2026
Contracts 334

Research Brief

NXST 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 163.51–203.11; The largest call open-interest concentration is 200.00; the largest put concentration is 160.00. The most active strike by current volume is 155.00.

Priced range163.51–203.11
Call concentration200.00
Put concentration160.00
Max pain reference185.00
What would confirm it
  • Price holds or improves while call-side concentration remains elevated.
What would weaken it
  • 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

Size, not direction · through 21 Aug

Options imply 163.51 to 203.11. Max pain at 185.00 sits inside that range, 0.9% above spot.

Spot Max pain
163.51183.31 ± 19.80203.11
Confirmation level

A close beyond 203.11 or below 163.51 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

Evidence alignment, not probability

Pressure is 53/100 toward calls; conviction uses its strength, while the signal label carries its direction.

Directional pressure53 × 42%
+22.5

How strongly activity leans toward calls or puts.

Participation41 × 22%
+8.9

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

Trend agreement7 × 26%
+1.7

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

Volatility76 × 10%
+7.6

The intensity of implied volatility and the priced move.

Reconstructed score40.7Matches stored calculation

Positioning by Strike

Where open interest and current activity concentrate

Full strike map

The largest call open-interest concentration is 200.00; the largest put concentration is 160.00. The most active strike by current volume is 155.00. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.

Put open interestStrikeCall open interest
8
135.00-26.4%
0
22
140.00-23.6%
0
20
145.00-20.9%
0
17
150.00-18.2%
0
12
155.00-15.4%
0
51
160.00-12.7%
6
15
165.00-10.0%
2
21
170.00-7.3%
2
8
175.00-4.5%
3
5
180.00-1.8%
6
8
185.000.9%
41
12
190.003.6%
10
0
195.006.4%
10
10
200.009.1%
44
2
210.0014.6%
33
0
220.0020.0%
43
0
230.0025.5%
11
Nearest spot strike Max pain strikeBars show relative OI within this expiry

Volatility Curve

Front-loaded volatility

1.20× front/back

Near-term options are materially richer than later expirations, consistent with concentrated event or immediate-risk pricing.

0.51 21 Aug 22d
0.44 18 Sep 50d
0.46 20 Nov 113d
0.44 18 Dec 141d
0.43 19 Feb 204d

Volatility by Strike

Downside protection premium

Nearest expiry, within 20% of spot

Out-of-the-money puts carry higher implied volatility than comparable calls, indicating richer downside protection.

150
155
160
165
170
175
180
185
190
195
200
210
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

Usable with limits

C69/100
Retained chain100%
Implied volatility100%
Two-sided quotes100%
Open interest100%
Chain status
Complete available chain
Market date
30 Jul 2026
Calculation
v2.0
Contracts
334 / 334
  • 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

78/100
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 Bullish flow confirms price

Options pressure and weekly price action are pointing in the same constructive direction.

Why this matters

Earnings/event positioning matters because it connects the options headline to the actual evidence: $67870 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+53
1W price+3.9%
Call premium82%
Put premium18%
Notional split C 82% / P 18% Estimated gross traded notional uses volume × contract multiplier × midpoint, or last price when no valid midpoint is available.
Freshness 0.03 Volume divided by open interest across the visible chain.
Trend fit 7/100 Agreement between options pressure and Sharemaestro market context.
Event window 6 Aug Matched earnings event is 5 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 · OTM
Calls · 91+ days · OTM calls cluster with 44 contracts traded, $48380 estimated gross traded notional, and 71% of visible notional.
$48380
Puts · 91+ days · ITM puts cluster with 2 contracts traded, $7270 estimated gross traded notional, and 11% of visible notional.
$7270
Calls · 91+ days · ITM calls cluster with 1 contracts traded, $4795 estimated gross traded notional, and 7% of visible notional.
$4795
Puts · 46-90 days · ITM puts cluster with 2 contracts traded, $2840 estimated gross traded notional, and 4% of visible notional.
$2840
Calls · 91+ days · ATM calls cluster with 1 contracts traded, $2280 estimated gross traded notional, and 3% of visible notional.
$2280

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.

Warning Crowded strike risk

Underlying price is close to the max-pain zone.

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

Sharemaestro weekly
Close190.53
1W+3.9%
RS-12.1
Fair value+14.4%
Options pressure53
Speculation41
Volatility76
Trend fit7

Today Versus Normal

Stored-options context

View history
Expected move 10.8% history building
30d avg - · 2/10 sessions -
90d avg - · 2/30 sessions -
180d avg - · 2/60 sessions -
IV 0.51 history building
30d avg - · 2/10 sessions -
90d avg - · 2/30 sessions -
180d avg - · 2/60 sessions -
Put-call 0.37 history building
30d avg - · 2/10 sessions -
90d avg - · 2/30 sessions -
180d avg - · 2/60 sessions -
Volume/OI 0.03 history building
30d avg - · 2/10 sessions -
90d avg - · 2/30 sessions -
180d avg - · 2/60 sessions -

Pressure Trail

Recent pressure and volatility

Open trail
29 Jul 10:37 Bullish
Pressure 67
Move 11.3%
30 Jul 10:34 Bullish
Pressure 34
Move 11.6%
31 Jul 10:23 Bullish
Pressure 53
Move 10.8%

Strike Map

Where activity is clustering

Full strike map
Strike110.00
Calls · V 0 · OI 0
Puts · V 0 · OI 1
Strike115.00
Calls · V 0 · OI 0
Puts · V 0 · OI 1
Strike120.00
Calls · V 0 · OI 0
Puts · V 0 · OI 2
Strike125.00
Calls · V 0 · OI 0
Puts · V 0 · OI 1
Strike130.00
Calls · V 0 · OI 0
Puts · V 0 · OI 2
Strike135.00
Calls · V 0 · OI 0
Puts · V 0 · OI 8
Strike140.00
Calls · V 0 · OI 0
Puts · V 0 · OI 22
Strike145.00
Calls · V 0 · OI 0
Puts · V 0 · OI 20

Term Structure

Expiration activity

Volume and IV
Expiry21 Aug 2026
Contracts66
Avg IV0.51
Put-call-
Expiry18 Sep 2026
Contracts46
Avg IV0.44
Put-call-
Expiry20 Nov 2026
Contracts78
Avg IV0.46
Put-call0.10
Expiry18 Dec 2026
Contracts80
Avg IV0.44
Put-call-
Expiry19 Feb 2027
Contracts64
Avg IV0.43
Put-call-

Skew

Call/put IV balance

OTM demand
21 Aug 2026Put IV premium
Call IV0.43
Put IV0.55
Skew0.12
18 Sep 2026Put IV premium
Call IV0.40
Put IV0.46
Skew0.07
20 Nov 2026Put IV premium
Call IV0.39
Put IV0.49
Skew0.11
18 Dec 2026Put IV premium
Call IV0.39
Put IV0.49
Skew0.11
19 Feb 2027Put IV premium
Call IV0.37
Put IV0.48
Skew0.12

Contract Tape

Most active contracts

Full contract tape
ContractNXST261218C00210000
SideCall
Expiry18 Dec 2026
Strike210.00
Volume24
OI4
IV0.40
ContractNXST261120C00220000
SideCall
Expiry20 Nov 2026
Strike220.00
Volume20
OI595
IV0.41
ContractNXST260821P00155000
SidePut
Expiry21 Aug 2026
Strike155.00
Volume10
OI12
IV0.69
ContractNXST261120P00220000
SidePut
Expiry20 Nov 2026
Strike220.00
Volume2
OI5
IV0.47
ContractNXST260918P00165000
SidePut
Expiry18 Sep 2026
Strike165.00
Volume2
OI-
IV0.50
ContractNXST260918P00195000
SidePut
Expiry18 Sep 2026
Strike195.00
Volume2
OI-
IV0.47
ContractNXST261218C00150000
SideCall
Expiry18 Dec 2026
Strike150.00
Volume1
OI7
IV0.41
ContractNXST261120C00185000
SideCall
Expiry20 Nov 2026
Strike185.00
Volume1
OI3
IV0.42