Ticker Options Intelligence

CYPH options intelligence

Cypherpunk Technologies Inc. options pressure, expected move, strike concentration, and Sharemaestro trend context.

Conviction 41 Market data through 30 Jul 2026 Checked 31 Jul 2026 00:04 · complete available chain

Call-side pressure

Bullish pressure

CYPH currently carries bullish options pressure with a 41/100 conviction score. The nearest-chain expected move is 53.1%, with volume/open-interest participation at 0.06.

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

Call-side pressure

Expected move 53.1%

Wider near-term move priced

Activity / OI 0.06

Current volume is quieter versus prior open interest

Put-call 0.59

Call-side skew

Trend fit 29

Options are not fully confirming trend

Weekly backdrop -5.0%

RS -33.1

Expected move 53.1%
Put-call volume 0.59
Volume / OI 0.06
Reference IV 3.78
Max pain 0.50
Underlying 0.62
Nearest expiry 21 Aug 2026
Contracts 36

Research Brief

CYPH 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 0.29–0.95; The largest call open-interest concentration is 1.00; the largest put concentration is 0.50. The most active strike by current volume is 1.00.

Priced range0.29–0.95
Call concentration1.00
Put concentration0.50
Max pain reference0.50
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 0.29 to 0.95. Max pain at 0.50 sits inside that range, 19.5% below spot.

Spot Max pain
0.290.62 ± 0.330.95
Confirmation level

A close beyond 0.95 or below 0.29 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 35/100 toward calls; conviction uses its strength, while the signal label carries its direction.

Directional pressure35 × 42%
+14.9

How strongly activity leans toward calls or puts.

Participation41 × 22%
+9.1

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

Trend agreement29 × 26%
+7.6

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

Volatility96 × 10%
+9.6

The intensity of implied volatility and the priced move.

Reconstructed score41.1Matches stored calculation

Positioning by Strike

Where open interest and current activity concentrate

Full strike map

The largest call open-interest concentration is 1.00; the largest put concentration is 0.50. The most active strike by current volume is 1.00. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.

Put open interestStrikeCall open interest
540
0.50-19.5%
165
44
1.0060.9%
6348
0
1.50141.4%
82
0
2.00221.8%
3
0
2.50302.3%
1
0
5.00704.5%
11
0
7.501106.8%
21
Nearest spot strike Max pain strikeBars show relative OI within this expiry

Volatility Curve

Front-loaded volatility

2.94× front/back

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

3.78 21 Aug 22d
2.08 18 Sep 50d
1.88 18 Dec 141d
1.29 19 Mar 232d

Volatility by Strike

Smile incomplete

Nearest expiry, within 20% of spot

There is not enough comparable OTM call and put volatility to classify the smile.

1
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
36 / 36
  • 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

82/100
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 against weak price

Options are leaning call-side while the stock is down on the week, a divergence that needs price confirmation.

Why this matters

Earnings/event positioning matters because it connects the options headline to the actual evidence: $100811 of estimated gross traded notional, calls · 91+ days · otm, 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+35
1W price-5.0%
Call premium67%
Put premium33%
Notional split C 67% / P 33% 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 29/100 Agreement between options pressure and Sharemaestro market context.
Event window 13 Aug Matched earnings event is 11 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 737 contracts traded, $54792 estimated gross traded notional, and 54% of visible notional.
$54792
Puts · 46-90 days · ITM puts cluster with 202 contracts traded, $28642 estimated gross traded notional, and 28% of visible notional.
$28642
Calls · 91+ days · ITM calls cluster with 274 contracts traded, $9590 estimated gross traded notional, and 10% of visible notional.
$9590
Puts · 46-90 days · OTM puts cluster with 450 contracts traded, $3375 estimated gross traded notional, and 3% of visible notional.
$3375
Calls · 46-90 days · ITM calls cluster with 100 contracts traded, $2000 estimated gross traded notional, and 2% of visible notional.
$2000

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.

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
Close0.59
1W-5.0%
RS-33.1
Fair value-63.2%
Options pressure35
Speculation41
Volatility96
Trend fit29

Today Versus Normal

Stored-options context

View history
Expected move 53.1% history building
30d avg - · 2/10 sessions -
90d avg - · 2/30 sessions -
180d avg - · 2/60 sessions -
IV 3.78 history building
30d avg - · 2/10 sessions -
90d avg - · 2/30 sessions -
180d avg - · 2/60 sessions -
Put-call 0.59 history building
30d avg - · 2/10 sessions -
90d avg - · 2/30 sessions -
180d avg - · 2/60 sessions -
Volume/OI 0.06 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 11:44 Volatility
Pressure -51
Move 41.1%
30 Jul 11:23 Volatility
Pressure 100
Move 43.3%
30 Jul 23:04 Bullish
Pressure 35
Move 53.1%

Strike Map

Where activity is clustering

Full strike map
Strike0.50
Calls · V 10 · OI 165
Puts · V 7 · OI 540
Strike1.00
Calls · V 40 · OI 6348
Puts · V 3 · OI 44
Strike1.50
Calls · V 1 · OI 82
Puts · V 0 · OI 0
Strike2.00
Calls · V 1 · OI 3
Puts · V 0 · OI 0
Strike2.50
Calls · V 19 · OI 1
Puts · V 0 · OI 0
Strike5.00
Calls · V 16 · OI 11
Puts · V 0 · OI 0
Strike7.50
Calls · V 20 · OI 21
Puts · V 0 · OI 0

Term Structure

Expiration activity

Volume and IV
Expiry21 Aug 2026
Contracts9
Avg IV3.78
Put-call0.09
Expiry18 Sep 2026
Contracts12
Avg IV2.08
Put-call5.13
Expiry18 Dec 2026
Contracts12
Avg IV1.88
Put-call0.21
Expiry19 Mar 2027
Contracts3
Avg IV1.29
Put-call-

Skew

Call/put IV balance

OTM demand
21 Aug 2026Call IV premium
Call IV2.25
Put IV1.25
Skew-1.00
18 Sep 2026Balanced skew
Call IV1.52
Put IV1.56
Skew0.05
18 Dec 2026Call IV premium
Call IV1.90
Put IV1.33
Skew-0.57
19 Mar 2027Incomplete skew
Call IV1.61
Put IV-
Skew-

Contract Tape

Most active contracts

Full contract tape
ContractCYPH260918P00002500
SidePut
Expiry18 Sep 2026
Strike2.50
Volume-
OI4
IV1.00
ContractCYPH261218P00002500
SidePut
Expiry18 Dec 2026
Strike2.50
Volume-
OI1
IV3.56
ContractCYPH270319C00007500
SideCall
Expiry19 Mar 2027
Strike7.50
Volume610
OI567
IV-
ContractCYPH260918P00000500
SidePut
Expiry18 Sep 2026
Strike0.50
Volume450
OI496
IV1.56
ContractCYPH261218C00000500
SideCall
Expiry18 Dec 2026
Strike0.50
Volume274
OI1088
IV2.19
ContractCYPH260918P00002000
SidePut
Expiry18 Sep 2026
Strike2.00
Volume200
OI204
IV2.50
ContractCYPH260918C00000500
SideCall
Expiry18 Sep 2026
Strike0.50
Volume100
OI726
IV1.55
ContractCYPH261218P00000500
SidePut
Expiry18 Dec 2026
Strike0.50
Volume74
OI107
IV1.33