Primary read
Mixed
Options-market disagreement
Ticker Options Intelligence
LNT options intelligence
Alliant Energy Corp options pressure, expected move, strike concentration, and Sharemaestro trend context.
Conviction
34
Market data through 31 Jul 2026
Checked 1 Aug 2026 23:33 · complete available chain
Options-market disagreement
Mixed pressure
LNT currently carries mixed options pressure with a 34/100 conviction score. The nearest-chain expected move is 6.0%, with volume/open-interest participation at 0.05.
Expected move
6.0%
Near-term move context
Activity / OI
0.05
Current volume is quieter versus prior open interest
Put-call
0.87
Balanced tape
Trend fit
74
Options agree with trend context
Weekly backdrop
-4.8%
RS -5.7
Expected move
6.0%
Put-call volume
0.87
Volume / OI
0.05
Reference IV
0.25
Max pain
75.00
Underlying
70.78
Nearest expiry
21 Aug 2026
Contracts
136
Research Brief
LNT has a mixed chain read with 34/100 evidence alignment.
The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 66.55–75.01; The largest call open-interest concentration is 75.00; the largest put concentration is 75.00. The most active strike by current volume is 60.00.
Priced range66.55–75.01
Call concentration75.00
Put concentration75.00
Max pain reference75.00
- A clear directional pressure reading develops and price begins to agree.
- The current chain read already agrees with the stored weekly trend context.
- Volatility falls and the chain remains directionally mixed.
- 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 66.55 to 75.01. Max pain at 75.00 sits inside that range, 6.0% above spot.
Spot
Max pain
66.5570.78 ± 4.2375.01
Confirmation level
A close beyond 75.01 or below 66.55 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 34/100
Pressure is 14/100 toward calls; conviction uses its strength, while the signal label carries its direction.
Directional pressure14 × 42%
+5.8
How strongly activity leans toward calls or puts.
Participation22 × 22%
+4.8
Volume relative to existing open interest and contract-level activity.
Trend agreement74 × 26%
+19.3
How closely the chain read agrees with the underlying trend backdrop.
Volatility41 × 10%
+4.1
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 75.00; the largest put concentration is 75.00. The most active strike by current volume is 60.00. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.
Put open interestStrikeCall open interest
0
55.00-22.3%
0
10
60.00-15.2%
1
31
65.00-8.2%
0
14
67.50-4.6%
1
41
70.00-1.1%
11
37
72.502.4%
14
57
75.006.0%
60
0
77.509.5%
12
1
80.0013.0%
8
1
82.5016.6%
26
0
85.0020.1%
0
0
90.0027.2%
0
0
95.0034.2%
6
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.
0.25
21 Aug
21d
0.19
18 Sep
49d
0.20
16 Oct
77d
0.22
15 Jan
168d
Volatility by Strike
Downside protection premium
Out-of-the-money puts carry higher implied volatility than comparable calls, indicating richer downside protection.
60
65
68
70
73
75
78
80
83
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
- 136 / 136
- 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.
The options read is mixed, so divergence is not strong enough to classify.
Earnings/event positioning matters because it connects the options headline to the actual evidence: $11762 of estimated gross traded notional, puts · 8-21 days · itm, 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+14
1W price-4.8%
Call premium56%
Put premium44%
Notional split
C 56% / P 44%
Estimated gross traded notional uses volume × contract multiplier × midpoint, or last price when no valid midpoint is available.
Freshness
0.05
Volume divided by open interest across the visible chain.
Trend fit
74/100
Agreement between options pressure and Sharemaestro market context.
Event window
6 Aug
Matched earnings event is 4 days away.
Aggregate chain data does not identify trade aggressor or opening versus closing activity; call/put concentration is not proof of market direction.
Puts · 8-21 days · ITM
puts cluster with 10 contracts traded, $4550 estimated gross traded notional, and 39% of visible notional.
$4550
Calls · 46-90 days · ATM
calls cluster with 23 contracts traded, $3508 estimated gross traded notional, and 30% of visible notional.
$3508
Calls · 8-21 days · ATM
calls cluster with 13 contracts traded, $1998 estimated gross traded notional, and 17% of visible notional.
$1998
Calls · 91+ days · OTM
calls cluster with 4 contracts traded, $900 estimated gross traded notional, and 8% of visible notional.
$900
Puts · 8-21 days · OTM
puts cluster with 28 contracts traded, $330 estimated gross traded notional, and 3% of visible notional.
$330
Setup Classification
Opportunity and risk frame
Positioning agrees with the Sharemaestro trend backdrop.
Expected move or upcoming earnings makes the setup more event-sensitive.
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
Close70.78
1W-4.8%
RS-5.7
Fair value+22.3%
Options pressure14
Speculation22
Volatility41
Trend fit74
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 10:19
Bullish
Pressure 67
Move 5.0%
30 Jul 10:14
Bullish
Pressure 43
Move 7.0%
30 Jul 15:16
Bullish
Pressure 58
Move 7.4%
30 Jul 15:36
Bullish
Pressure 58
Move 7.4%
30 Jul 16:22
Bullish
Pressure 53
Move 8.0%
30 Jul 19:58
Bullish
Pressure 50
Move 7.9%
31 Jul 13:08
Mixed
Pressure 7
Move 7.9%
31 Jul 13:48
Bullish
Pressure 49
Move 8.9%
Strike Map
Where activity is clustering
Strike55.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike60.00
Calls · V 0 · OI 1
Puts · V 26 · OI 10
Strike65.00
Calls · V 0 · OI 0
Puts · V 2 · OI 31
Strike67.50
Calls · V 0 · OI 1
Puts · V 0 · OI 14
Strike70.00
Calls · V 3 · OI 11
Puts · V 0 · OI 41
Strike72.50
Calls · V 10 · OI 14
Puts · V 1 · OI 37
Strike75.00
Calls · V 0 · OI 60
Puts · V 10 · OI 57
Strike77.50
Calls · V 0 · OI 12
Puts · V 0 · OI 0
Term Structure
Expiration activity
Expiry21 Aug 2026
Contracts26
Avg IV0.25
Put-call2.79
Expiry18 Sep 2026
Contracts26
Avg IV0.19
Put-call-
Expiry16 Oct 2026
Contracts42
Avg IV0.20
Put-call-
Expiry15 Jan 2027
Contracts42
Avg IV0.22
Put-call-
Skew
Call/put IV balance
21 Aug 2026Balanced skew
Call IV0.28
Put IV0.26
Skew-0.02
18 Sep 2026Put IV premium
Call IV0.20
Put IV0.32
Skew0.12
16 Oct 2026Put IV premium
Call IV0.21
Put IV0.32
Skew0.11
15 Jan 2027Put IV premium
Call IV0.17
Put IV0.24
Skew0.07
Contract Tape
Most active contracts
ContractLNT260821P00060000
SidePut
Expiry21 Aug 2026
Strike60.00
Volume26
OI10
IV0.29
ContractLNT260918C00072500
SideCall
Expiry18 Sep 2026
Strike72.50
Volume23
OI9
IV0.20
ContractLNT260821P00075000
SidePut
Expiry21 Aug 2026
Strike75.00
Volume10
OI57
IV0.27
ContractLNT260821C00072500
SideCall
Expiry21 Aug 2026
Strike72.50
Volume10
OI14
IV0.28
ContractLNT270115C00075000
SideCall
Expiry15 Jan 2027
Strike75.00
Volume3
OI21
IV0.20
ContractLNT260821C00070000
SideCall
Expiry21 Aug 2026
Strike70.00
Volume3
OI11
IV0.31
ContractLNT261016C00077500
SideCall
Expiry16 Oct 2026
Strike77.50
Volume2
OI83
IV0.21
ContractLNT260821P00065000
SidePut
Expiry21 Aug 2026
Strike65.00
Volume2
OI31
IV0.33
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.