Primary read
Bullish
Call-side pressure
Ticker Options Intelligence
CATG options intelligence
Capstone Technologies Group Inc options pressure, expected move, strike concentration, and Sharemaestro trend context.
Conviction
58
Market data through 18 Sep 2026
Checked 19 Sep 2026 17:23 · complete available chain
Call-side pressure
Bullish pressure
CATG currently carries bullish options pressure with a 58/100 conviction score. The nearest-chain expected move is 10.1%, with volume/open-interest participation at 0.06.
Expected move
10.1%
Wider near-term move priced
Activity / OI
0.06
Current volume is quieter versus prior open interest
Put-call
0.00
Call-side skew
Trend fit
0
Options are not fully confirming trend
Weekly backdrop
-2.8%
Sharemaestro weekly context
Expected move
10.1%
Put-call volume
-
Volume / OI
0.06
Reference IV
0.36
Max pain
10.00
Underlying
10.24
Nearest expiry
16 Oct 2026
Contracts
146
Research Brief
CATG has a bullish chain read with 58/100 evidence alignment.
The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 9.21–11.27; The largest call open-interest concentration is 9.00; the largest put concentration is 10.00. The most active strike by current volume is 10.00.
Priced range9.21–11.27
Call concentration9.00
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.
Priced Move
Where the chain says movement becomes exceptional
Options imply 9.21 to 11.27. Max pain at 10.00 sits inside that range, 2.3% below spot.
Spot
Max pain
9.2110.24 ± 1.0311.27
Confirmation level
A close beyond 11.27 or below 9.21 at the 16 Oct 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 58/100
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.
Participation42 × 22%
+9.1
Volume relative to existing open interest and contract-level activity.
Trend agreement0 × 26%
+0.0
How closely the chain read agrees with the underlying trend backdrop.
Volatility66 × 10%
+6.6
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 9.00; 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
1.00-90.2%
0
0
2.00-80.5%
0
0
3.00-70.7%
0
0
4.00-60.9%
0
0
5.00-51.2%
0
0
6.00-41.4%
0
0
7.00-31.6%
2
0
8.00-21.9%
1
0
9.00-12.1%
5
35
10.00-2.3%
2
0
11.007.4%
0
0
12.0017.2%
0
0
13.0027.0%
0
0
14.0036.7%
0
0
15.0046.5%
0
0
16.0056.3%
0
0
17.0066.0%
0
Nearest spot strike Max pain strikeBars show relative OI within this expiry
Gamma Profile by Strike
Negative gamma proxy
Put-side gamma sensitivity outweighs the call-side proxy across the retained chain. The largest bars mark levels where delta-hedging sensitivity may be most concentrated.
Net profile-$2,150Delta change / 1% move
Positive peak12.00+$247
Negative peak10.00-$3,004
Nearest balance10.94Interpolated sign change
StrikeNegativePositiveNet / 1% move
5.00-51.2%
+$2
6.00-41.4%
+$62
7.00-31.6%
+$7
8.00-21.9%
+$8
9.00-12.1%
+$72
10.00-2.3%
-$3,004
11.007.4%
+$200
12.0017.2%
+$247
13.0027.0%
+$33
14.0036.7%
+$4
15.0046.5%
+$11
16.0056.3%
+$141
17.0066.0%
+$24
18.0075.8%
+$12
20.0095.3%
+$6
22.00114.8%
+$25
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
Back-loaded volatility
Longer-dated options carry more implied volatility than the front expiry, so risk is priced farther out.
0.36
16 Oct
28d
0.46
20 Nov
63d
0.52
18 Dec
91d
0.46
19 Mar
182d
Volatility by Strike
Downside protection premium
Out-of-the-money puts carry higher implied volatility than comparable calls, indicating richer downside protection.
9
10
11
12
Put IV Call IV
Historical Replay
How matured reads behaved through expiry
Across 6 stored directional transitions, the next stored price moved in the labelled direction 0% of the time.
Directional follow-through0%
Moves contained by pricing89%
Average expiry move3.9%
16 Sep
Volatility · 51
-2.8% through expiry
6.2% priced · v2.0
14 Sep
Volatility · 57
-2.8% through expiry
15.4% priced · v2.0
11 Sep
Mixed · 35
-2.8% through expiry
5.3% priced · v2.0
9 Sep
Mixed · 35
-1.7% through expiry
12.2% priced · v2.0
4 Sep
Bullish · 51
-1.7% through expiry
15.4% priced · v2.0
2 Sep
Bearish · 41
0.7% through expiry
11.3% priced · v2.0
31 Aug
Volatility · 51
0.7% through expiry
18.4% priced · v2.0
21 Aug
Volatility · 56
-7.3% through expiry
19.1% priced · v2.0
14 Aug
Bullish · 44
-7.3% through expiry
5.0% priced · v2.0
13 Aug
Mixed · 32
-4.8% through expiry
4.8% priced · v2.0
12 Aug
Bullish · 49
-4.8% through expiry
5.7% priced · v2.0
10 Aug
Bullish · 48
-4.8% through expiry
6.2% priced · v2.0
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
High
Retained chain100%
Implied volatility100%
Two-sided quotes100%
Open interest100%
- Chain status
- Complete available chain
- Market date
- 18 Sep 2026
- Calculation
- v2.0
- Contracts
- 146 / 146
- 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
Directional flow, confirmation needed
There is useful activity, but aggregate chain data does not isolate participant intent.
Options are leaning call-side while the stock is down on the week, a divergence that needs price confirmation.
Directional flow, confirmation needed matters because it connects the options headline to the actual evidence: $1,440 of estimated gross traded notional, calls · 22-45 days · atm, and a bullish flow against weak 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-2.8%
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
0.06
Volume divided by open interest across the visible chain.
Trend fit
0/100
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.
Calls · 22-45 days · ATM
calls cluster with 18 contracts traded, $1,440 estimated gross traded notional, and 100% of visible notional.
$1,440
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
Normal range
Activity is broadly in line with recent stored snapshots.
Baseline: 20 completed sessions
Volume rank55th
Volume/OI rank55th
IV rank25th
Market Context
Underlying confirmation
Close10.24
1W-2.8%
RS-
Fair value-20.0%
Options pressure100
Speculation42
Volatility66
Trend fit0
Today Versus Normal
Stored-options context
30d avg - · 8/10 sessions
-
90d avg - · 20/30 sessions
-
180d avg - · 20/60 sessions
-
30d avg - · 8/10 sessions
-
90d avg - · 20/30 sessions
-
180d avg - · 20/60 sessions
-
30d avg - · 7/10 sessions
-
90d avg - · 18/30 sessions
-
180d avg - · 18/60 sessions
-
30d avg - · 8/10 sessions
-
90d avg - · 20/30 sessions
-
180d avg - · 20/60 sessions
-
Pressure Trail
Recent pressure and volatility
29 Jul 11:51
Volatility
Pressure 100
Move 19.8%
30 Jul 11:27
Volatility
Pressure 98
Move 19.9%
31 Jul 11:01
Volatility
Pressure 100
Move 14.0%
31 Jul 23:10
Volatility
Pressure 98
Move 68.2%
1 Aug 00:06
Volatility
Pressure 98
Move 68.2%
1 Aug 01:59
Volatility
Pressure 100
Move 16.1%
2 Aug 18:31
Volatility
Pressure 100
Move 16.7%
3 Aug 18:07
Volatility
Pressure 98
Move 81.2%
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 0
Strike5.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike6.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike7.00
Calls · V 0 · OI 2
Puts · V 0 · OI 0
Strike8.00
Calls · V 0 · OI 1
Puts · V 0 · OI 0
Term Structure
Expiration activity
Expiry16 Oct 2026
Contracts38
Avg IV0.36
Put-call-
Expiry20 Nov 2026
Contracts38
Avg IV0.46
Put-call-
Expiry18 Dec 2026
Contracts32
Avg IV0.52
Put-call-
Expiry19 Mar 2027
Contracts38
Avg IV0.46
Put-call-
Skew
Call/put IV balance
16 Oct 2026Call IV premium
Call IV0.15
Put IV0.07
Skew-0.08
20 Nov 2026Balanced skew
Call IV0.09
Put IV0.05
Skew-0.04
18 Dec 2026Put IV premium
Call IV0.08
Put IV0.89
Skew0.81
19 Mar 2027Balanced skew
Call IV0.04
Put IV0.04
Skew-
Contract Tape
Most active contracts
ContractCATG261016C00010000
SideCall
Expiry16 Oct 2026
Strike10.00
Volume18
OI2
IV0.01
ContractCATG261218C00016000
SideCall
Expiry18 Dec 2026
Strike16.00
Volume-
OI70
IV0.39
ContractCATG261016P00010000
SidePut
Expiry16 Oct 2026
Strike10.00
Volume-
OI35
IV0.07
ContractCATG270319C00022000
SideCall
Expiry19 Mar 2027
Strike22.00
Volume-
OI28
IV0.42
ContractCATG261218C00012000
SideCall
Expiry18 Dec 2026
Strike12.00
Volume-
OI25
IV0.16
ContractCATG261218C00015000
SideCall
Expiry18 Dec 2026
Strike15.00
Volume-
OI20
IV0.34
ContractCATG270319C00006000
SideCall
Expiry19 Mar 2027
Strike6.00
Volume-
OI19
IV0.70
ContractCATG261218C00017000
SideCall
Expiry18 Dec 2026
Strike17.00
Volume-
OI14
IV0.43
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.