Primary read
Mixed
Options-market disagreement
Ticker Options Intelligence
CD options intelligence
Chaince Digital Holdings Inc. options pressure, expected move, strike concentration, and Sharemaestro trend context.
Conviction
24
Market data through 11 Aug 2026
Checked 12 Aug 2026 14:20 · complete available chain
Options-market disagreement
Mixed pressure
CD currently carries mixed options pressure with a 24/100 conviction score. The nearest-chain expected move is 42.3%, with volume/open-interest participation at 0.00.
Expected move
42.3%
Wider near-term move priced
Activity / OI
0.00
Current volume is quieter versus prior open interest
Put-call
-
Balanced tape
Trend fit
36
Options are not fully confirming trend
Weekly backdrop
-5.0%
RS -67.9
Expected move
42.3%
Put-call volume
-
Volume / OI
-
Reference IV
2.56
Max pain
5.00
Underlying
2.65
Nearest expiry
21 Aug 2026
Contracts
42
Research Brief
CD has a mixed chain read with 24/100 evidence alignment.
The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 1.53–3.77; The largest call open-interest concentration is 5.00; the largest put concentration is 5.00. The most active strike by current volume is 2.50.
Priced range1.53–3.77
Call concentration5.00
Put concentration5.00
Max pain reference5.00
- A clear directional pressure reading develops and price begins to agree.
- Volatility falls and the chain remains directionally mixed.
- 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 1.53 to 3.77. Max pain at 5.00 lies outside the priced range, so it is a weak near-term anchor.
Spot
Max pain
1.532.65 ± 1.123.77
Confirmation level
A close beyond 3.77 or below 1.53 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 24/100
Pressure is 11/100 toward calls; conviction uses its strength, while the signal label carries its direction.
Directional pressure11 × 42%
+4.8
How strongly activity leans toward calls or puts.
Participation0 × 22%
+0.0
Volume relative to existing open interest and contract-level activity.
Trend agreement36 × 26%
+9.2
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 5.00; the largest put concentration is 5.00. The most active strike by current volume is 2.50. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.
Put open interestStrikeCall open interest
20
2.50-5.7%
1
41
5.0088.7%
490
0
7.50183.0%
42
0
10.00277.4%
127
Nearest spot strike Max pain strikeBars show relative OI within this expiry
Gamma Profile by Strike
Positive gamma proxy
Call-side gamma sensitivity outweighs the put-side proxy across the retained chain. The largest bars mark levels where delta-hedging sensitivity may be most concentrated.
Net profile+$570Delta change / 1% move
Positive peak5.00+$380
Negative peak2.50-$33
Nearest balance2.70Interpolated sign change
StrikeNegativePositiveNet / 1% move
2.50-5.7%
-$33
5.0088.7%
+$380
7.50183.0%
+$115
10.00277.4%
+$58
12.50371.7%
+$5
15.00466.0%
+$43
17.50560.4%
+$2
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
Front-loaded volatility
Near-term options are materially richer than later expirations, consistent with concentrated event or immediate-risk pricing.
2.56
21 Aug
10d
1.46
18 Sep
38d
1.34
18 Dec
129d
1.38
19 Mar
220d
Volatility by Strike
Smile incomplete
There is not enough comparable OTM call and put volatility to classify the smile.
3
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
- Auditable calculationoriginal version retained
- Independent entryone read per market session
- Point-in-time referencerequired at entry
- Matched expiry closereported only after maturity
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
Usable with limits
Retained chain100%
Implied volatility100%
Two-sided quotes100%
Open interest100%
- Chain status
- Complete available chain
- Market date
- 11 Aug 2026
- Calculation
- v2.0
- Contracts
- 42 / 42
- 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
Likely noise
Visible options activity is too thin or mixed to support a strong intent classification.
The options read is mixed, so divergence is not strong enough to classify.
Likely noise matters because it connects the options headline to the actual evidence: $0 of estimated gross traded notional, no dominant cluster, 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+11
1W price-5.0%
Call premium0%
Put premium0%
Notional split
C 0% / 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
36/100
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.
No high-conviction option cluster is visible in this snapshot.
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.
Baseline: 10 completed sessions
Volume rank10th
Volume/OI rank10th
IV rank80th
Market Context
Underlying confirmation
Close2.65
1W-5.0%
RS-67.9
Fair value-40.0%
Options pressure11
Speculation0
Volatility96
Trend fit36
Today Versus Normal
Stored-options context
30d avg 31.5% · 10 sessions
80th
90d avg - · 10/30 sessions
-
180d avg - · 10/60 sessions
-
30d avg 1.82 · 10 sessions
80th
90d avg - · 10/30 sessions
-
180d avg - · 10/60 sessions
-
30d avg - · 9/10 sessions
-
90d avg - · 9/30 sessions
-
180d avg - · 9/60 sessions
-
30d avg 0.09 · 10 sessions
10th
90d avg - · 10/30 sessions
-
180d avg - · 10/60 sessions
-
Pressure Trail
Recent pressure and volatility
29 Jul 11:20
Mixed
Pressure 11
Move 24.3%
30 Jul 11:04
Volatility
Pressure 100
Move 23.9%
31 Jul 10:43
Volatility
Pressure 100
Move 24.0%
2 Aug 21:57
Volatility
Pressure 100
Move 23.6%
4 Aug 00:27
Volatility
Pressure 100
Move 42.7%
4 Aug 21:04
Volatility
Pressure 100
Move 29.6%
6 Aug 10:23
Volatility
Pressure 100
Move 42.3%
7 Aug 11:47
Volatility
Pressure 100
Move 35.9%
Strike Map
Where activity is clustering
Strike2.50
Calls · V 0 · OI 1
Puts · V 0 · OI 20
Strike5.00
Calls · V 0 · OI 490
Puts · V 0 · OI 41
Strike7.50
Calls · V 0 · OI 42
Puts · V 0 · OI 0
Strike10.00
Calls · V 0 · OI 127
Puts · V 0 · OI 0
Term Structure
Expiration activity
Expiry21 Aug 2026
Contracts8
Avg IV2.56
Put-call-
Expiry18 Sep 2026
Contracts14
Avg IV1.46
Put-call-
Expiry18 Dec 2026
Contracts14
Avg IV1.34
Put-call-
Expiry19 Mar 2027
Contracts6
Avg IV1.38
Put-call-
Skew
Call/put IV balance
21 Aug 2026Call IV premium
Call IV1.53
Put IV0.81
Skew-0.71
18 Sep 2026Call IV premium
Call IV0.78
Put IV0.42
Skew-0.35
18 Dec 2026Put IV premium
Call IV1.33
Put IV1.50
Skew0.17
19 Mar 2027Put IV premium
Call IV1.29
Put IV1.52
Skew0.22
Contract Tape
Most active contracts
ContractCD260821C00005000
SideCall
Expiry21 Aug 2026
Strike5.00
Volume-
OI490
IV1.53
ContractCD261218C00015000
SideCall
Expiry18 Dec 2026
Strike15.00
Volume-
OI284
IV1.09
ContractCD260918C00007500
SideCall
Expiry18 Sep 2026
Strike7.50
Volume-
OI220
IV1.26
ContractCD260918C00005000
SideCall
Expiry18 Sep 2026
Strike5.00
Volume-
OI130
IV0.78
ContractCD260821C00010000
SideCall
Expiry21 Aug 2026
Strike10.00
Volume-
OI127
IV3.10
ContractCD260918C00010000
SideCall
Expiry18 Sep 2026
Strike10.00
Volume-
OI126
IV1.59
ContractCD261218C00007500
SideCall
Expiry18 Dec 2026
Strike7.50
Volume-
OI66
IV0.68
ContractCD260821C00007500
SideCall
Expiry21 Aug 2026
Strike7.50
Volume-
OI42
IV2.47
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.