Ticker Options Intelligence

CCRN options intelligence

Cross Country Healthcare Inc options pressure, expected move, strike concentration, and Sharemaestro trend context.

Conviction 30 Market data through 31 Jul 2026 Checked 1 Aug 2026 01:15 · complete available chain

Options-market disagreement

Mixed pressure

CCRN currently carries mixed options pressure with a 30/100 conviction score. The nearest-chain expected move is 2.6%, with volume/open-interest participation at 0.51.

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

Options-market disagreement

Expected move 2.6%

Near-term move context

Activity / OI 0.51

Current volume is elevated versus prior open interest

Put-call 1.17

Balanced tape

Trend fit 92

Options agree with trend context

Weekly backdrop +0.1%

RS 8.2

Expected move 2.6%
Put-call volume 1.17
Volume / OI 0.51
Reference IV 0.03
Max pain 10.00
Underlying 13.25
Nearest expiry 21 Aug 2026
Contracts 22

Research Brief

CCRN has a mixed chain read with 30/100 evidence alignment.

The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 12.90–13.60; The largest call open-interest concentration is 10.00; the largest put concentration is 13.00. The most active strike by current volume is 10.00.

Priced range12.90–13.60
Call concentration10.00
Put concentration13.00
Max pain reference10.00
What would confirm it
  • A clear directional pressure reading develops and price begins to agree.
  • The current chain read already agrees with the stored weekly trend context.
What would weaken it
  • 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

Size, not direction · through 21 Aug

Options imply 12.90 to 13.60. Max pain at 10.00 lies outside the priced range, so it is a weak near-term anchor.

Spot Max pain
12.9013.25 ± 0.3513.60
Confirmation level

A close beyond 13.60 or below 12.90 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 30/100

Evidence alignment, not probability

Pressure is 1/100 toward puts; conviction uses its strength, while the signal label carries its direction.

Directional pressure1 × 42%
+0.3

How strongly activity leans toward calls or puts.

Participation20 × 22%
+4.3

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

Trend agreement92 × 26%
+24.0

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

Volatility13 × 10%
+1.3

The intensity of implied volatility and the priced move.

Reconstructed score29.8Matches stored calculation

Positioning by Strike

Where open interest and current activity concentrate

Full strike map

The largest call open-interest concentration is 10.00; the largest put concentration is 13.00. 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
10.00-24.5%
246
0
11.00-17.0%
1
15
12.00-9.4%
0
161
13.00-1.9%
205
0
14.005.7%
8
Nearest spot strike Max pain strikeBars show relative OI within this expiry

Volatility Curve

Front-loaded volatility

3125.97× front/back

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

0.03 21 Aug 21d
0.11 18 Sep 49d
0.12 18 Dec 140d
0.00 19 Mar 231d

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.

11
12
13
14
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

A96/100
Retained chain100%
Implied volatility100%
Two-sided quotes100%
Open interest100%
Chain status
Complete available chain
Market date
31 Jul 2026
Calculation
v2.0
Contracts
22 / 22
  • 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

30/100
Primary intent Likely noise

There is useful activity, but aggregate chain data does not isolate participant intent.

Flow vs price divergence No clean flow/price divergence

The options read is mixed, so divergence is not strong enough to classify.

Why this matters

Likely noise matters because it connects the options headline to the actual evidence: $88839 of estimated gross traded notional, calls · 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-1
1W price+0.1%
Call premium83%
Put premium17%
Notional split C 83% / P 17% Estimated gross traded notional uses volume × contract multiplier × midpoint, or last price when no valid midpoint is available.
Freshness 0.51 Volume divided by open interest across the visible chain.
Trend fit 92/100 Agreement between options pressure and Sharemaestro market context.
Event window 5 Aug Matched earnings event is 3 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 · 8-21 days · ITM
Calls · 8-21 days · ITM calls cluster with 192 contracts traded, $61372 estimated gross traded notional, and 69% of visible notional.
$61372
Puts · 46-90 days · OTM puts cluster with 350 contracts traded, $15250 estimated gross traded notional, and 17% of visible notional.
$15250
Calls · 46-90 days · ITM calls cluster with 18 contracts traded, $6890 estimated gross traded notional, and 8% of visible notional.
$6890
Calls · 46-90 days · ATM calls cluster with 154 contracts traded, $4466 estimated gross traded notional, and 5% of visible notional.
$4466
Calls · 91+ days · ATM calls cluster with 12 contracts traded, $360 estimated gross traded notional, and 0% of visible notional.
$360

Setup Classification

Opportunity and risk frame

Context, not advice
Positive Options-confirmed trend

Positioning agrees with the Sharemaestro trend backdrop.

Warning Event-risk setup

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

Sharemaestro weekly
Close13.25
1W+0.1%
RS8.2
Fair value-12.4%
Options pressure-1
Speculation20
Volatility13
Trend fit92

Today Versus Normal

Stored-options context

View history
Expected move 2.6% history building
30d avg - · 3/10 sessions -
90d avg - · 3/30 sessions -
180d avg - · 3/60 sessions -
IV 0.03 history building
30d avg - · 3/10 sessions -
90d avg - · 3/30 sessions -
180d avg - · 3/60 sessions -
Put-call 1.17 history building
30d avg - · 3/10 sessions -
90d avg - · 3/30 sessions -
180d avg - · 3/60 sessions -
Volume/OI 0.51 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 11:28 Bullish
Pressure 19
Move 2.6%
1 Aug 00:15 Mixed
Pressure -1
Move 2.6%

Strike Map

Where activity is clustering

Full strike map
Strike10.00
Calls · V 181 · OI 246
Puts · V 0 · OI 0
Strike11.00
Calls · V 1 · OI 1
Puts · V 0 · OI 0
Strike12.00
Calls · V 10 · OI 0
Puts · V 0 · OI 15
Strike13.00
Calls · V 5 · OI 205
Puts · V 0 · OI 161
Strike14.00
Calls · V 1 · OI 8
Puts · V 0 · OI 0

Term Structure

Expiration activity

Volume and IV
Expiry21 Aug 2026
Contracts7
Avg IV0.03
Put-call-
Expiry18 Sep 2026
Contracts10
Avg IV0.11
Put-call1.99
Expiry18 Dec 2026
Contracts4
Avg IV0.12
Put-call9.18
Expiry19 Mar 2027
Contracts1
Avg IV0.00
Put-call-

Skew

Call/put IV balance

OTM demand
21 Aug 2026Balanced skew
Call IV0.06
Put IV0.03
Skew-0.03
18 Sep 2026Put IV premium
Call IV0.06
Put IV0.19
Skew0.13
18 Dec 2026Incomplete skew
Call IV-
Put IV0.03
Skew-
19 Mar 2027Incomplete skew
Call IV-
Put IV-
Skew-

Contract Tape

Most active contracts

Full contract tape
ContractCCRN270319P00013000
SidePut
Expiry21 Aug 2026
Strike13.00
Volume-
OI161
IV0.03
ContractCCRN270319P00012000
SidePut
Expiry21 Aug 2026
Strike12.00
Volume-
OI15
IV0.13
ContractCCRN261218P00009000
SidePut
Expiry18 Dec 2026
Strike9.00
Volume-
OI10
IV0.38
ContractCCRN260918C00012000
SideCall
Expiry18 Sep 2026
Strike12.00
Volume-
OI9
IV0.00
ContractCCRN260918C00014000
SideCall
Expiry18 Sep 2026
Strike14.00
Volume-
OI5
IV0.06
ContractCCRN260918P00011000
SidePut
Expiry18 Sep 2026
Strike11.00
Volume-
OI-
IV0.13
ContractCCRN260918P00012000
SidePut
Expiry18 Sep 2026
Strike12.00
Volume250
OI-
IV0.06
ContractCCRN260918C00010000
SideCall
Expiry21 Aug 2026
Strike10.00
Volume181
OI246
IV0.00