Ticker Options Intelligence

L options intelligence

Loews Corp options pressure, expected move, strike concentration, and Sharemaestro trend context.

Conviction 45 Market data through 31 Jul 2026 Checked 31 Jul 2026 19:05 · complete available chain

Put-side pressure

Bearish pressure

L currently carries bearish options pressure with a 45/100 conviction score. The nearest-chain expected move is 5.0%, with volume/open-interest participation at 0.38.

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

Put-side pressure

Expected move 5.0%

Near-term move context

Activity / OI 0.38

Current volume is quieter versus prior open interest

Put-call 3.56

Put-side skew

Trend fit 53

Options are not fully confirming trend

Weekly backdrop +3.0%

RS 4.0

Expected move 5.0%
Put-call volume 3.56
Volume / OI 0.38
Reference IV 0.38
Max pain 110.00
Underlying 117.90
Nearest expiry 21 Aug 2026
Contracts 61

Research Brief

L has a bearish chain read with 45/100 evidence alignment.

The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 112.03–123.77; The largest call open-interest concentration is 110.00; the largest put concentration is 115.00. The most active strike by current volume is 120.00.

Priced range112.03–123.77
Call concentration110.00
Put concentration115.00
Max pain reference110.00
What would confirm it
  • Price remains weak while put-side concentration persists.
What would weaken it
  • Price recovers while put pressure fades or reverses toward calls.
  • Options and the weekly trend are not yet giving the same message.

Priced Move

Where the chain says movement becomes exceptional

Size, not direction · through 21 Aug

Options imply 112.03 to 123.77. Max pain at 110.00 lies outside the priced range, so it is a weak near-term anchor.

Spot Max pain
112.03117.90 ± 5.87123.77
Confirmation level

A close beyond 123.77 or below 112.03 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 45/100

Evidence alignment, not probability

Pressure is 55/100 toward puts; conviction uses its strength, while the signal label carries its direction.

Directional pressure55 × 42%
+22.9

How strongly activity leans toward calls or puts.

Participation17 × 22%
+3.7

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

Trend agreement53 × 26%
+13.8

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

Volatility47 × 10%
+4.7

The intensity of implied volatility and the priced move.

Reconstructed score45.1Matches stored calculation

Positioning by Strike

Where open interest and current activity concentrate

Full strike map

The largest call open-interest concentration is 110.00; the largest put concentration is 115.00. The most active strike by current volume is 120.00. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.

Put open interestStrikeCall open interest
0
60.00-49.1%
1
0
65.00-44.9%
1
1
80.00-32.1%
0
2
85.00-27.9%
0
4
95.00-19.4%
0
1
100.00-15.2%
0
11
105.00-10.9%
0
8
110.00-6.7%
31
15
115.00-2.5%
8
10
120.001.8%
17
0
125.006.0%
11
0
130.0010.3%
3
Nearest spot strike Max pain strikeBars show relative OI within this expiry

Volatility Curve

Balanced volatility curve

0.89× front/back

Near- and longer-dated implied volatility are broadly aligned; no exceptional front-expiry premium is visible.

0.38 21 Aug 21d
0.35 18 Sep 49d
0.33 18 Dec 140d
0.43 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.

95
100
105
110
115
120
125
130
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
61 / 61
  • 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

Put-heavy activity

76/100
Primary intent Put-heavy activity

Put-side activity dominates. This can reflect hedging or directional positioning, but the chain alone cannot distinguish buying from selling.

Flow vs price divergence Bearish flow against rising price

Put-side pressure is building while price is rising, a cautionary divergence.

Why this matters

Put-heavy activity matters because it connects the options headline to the actual evidence: $136158 of estimated gross traded notional, puts · 91+ days · otm, and a bearish flow against rising price backdrop. Use it as a research priority signal, then validate the chart, liquidity, event calendar, and risk before acting.

Options pressure-55
1W price+3.0%
Call premium42%
Put premium58%
Notional split C 42% / P 58% Estimated gross traded notional uses volume × contract multiplier × midpoint, or last price when no valid midpoint is available.
Freshness 0.38 Volume divided by open interest across the visible chain.
Trend fit 53/100 Agreement between options pressure and Sharemaestro market context.
Event window 3 Aug Matched earnings event is 2 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 Puts · 91+ days · OTM
Puts · 91+ days · OTM puts cluster with 238 contracts traded, $50780 estimated gross traded notional, and 37% of visible notional.
$50780
Puts · 46-90 days · OTM puts cluster with 98 contracts traded, $18890 estimated gross traded notional, and 14% of visible notional.
$18890
Calls · 91+ days · OTM calls cluster with 51 contracts traded, $16432 estimated gross traded notional, and 12% of visible notional.
$16432
Calls · 91+ days · ITM calls cluster with 8 contracts traded, $14992 estimated gross traded notional, and 11% of visible notional.
$14992
Calls · 91+ days · ATM calls cluster with 22 contracts traded, $13980 estimated gross traded notional, and 10% of visible notional.
$13980

Setup Classification

Opportunity and risk frame

Context, not advice
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
Close117.90
1W+3.0%
RS4.0
Fair value+36.1%
Options pressure-55
Speculation17
Volatility47
Trend fit53

Today Versus Normal

Stored-options context

View history
Expected move 5.0% history building
30d avg - · 3/10 sessions -
90d avg - · 3/30 sessions -
180d avg - · 3/60 sessions -
IV 0.38 history building
30d avg - · 3/10 sessions -
90d avg - · 3/30 sessions -
180d avg - · 3/60 sessions -
Put-call 3.56 history building
30d avg - · 3/10 sessions -
90d avg - · 3/30 sessions -
180d avg - · 3/60 sessions -
Volume/OI 0.38 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 10:18 Bearish
Pressure -86
Move 4.4%
30 Jul 10:13 Mixed
Pressure 2
Move 4.7%
31 Jul 10:05 Bearish
Pressure -19
Move 4.9%
31 Jul 13:59 Bearish
Pressure -59
Move 5.3%
31 Jul 15:40 Bearish
Pressure -56
Move 5.1%
31 Jul 16:48 Bearish
Pressure -56
Move 5.1%
31 Jul 17:23 Bearish
Pressure -56
Move 5.1%
31 Jul 18:05 Bearish
Pressure -55
Move 5.0%

Strike Map

Where activity is clustering

Full strike map
Strike60.00
Calls · V 0 · OI 1
Puts · V 0 · OI 0
Strike65.00
Calls · V 0 · OI 1
Puts · V 0 · OI 0
Strike80.00
Calls · V 0 · OI 0
Puts · V 0 · OI 1
Strike85.00
Calls · V 0 · OI 0
Puts · V 1 · OI 2
Strike95.00
Calls · V 0 · OI 0
Puts · V 3 · OI 4
Strike100.00
Calls · V 0 · OI 0
Puts · V 1 · OI 1
Strike105.00
Calls · V 0 · OI 0
Puts · V 1 · OI 11
Strike110.00
Calls · V 1 · OI 31
Puts · V 2 · OI 8

Term Structure

Expiration activity

Volume and IV
Expiry21 Aug 2026
Contracts15
Avg IV0.38
Put-call2.50
Expiry18 Sep 2026
Contracts21
Avg IV0.35
Put-call7.77
Expiry18 Dec 2026
Contracts22
Avg IV0.33
Put-call2.76
Expiry19 Mar 2027
Contracts3
Avg IV0.43
Put-call19.00

Skew

Call/put IV balance

OTM demand
21 Aug 2026Put IV premium
Call IV0.32
Put IV0.38
Skew0.06
18 Sep 2026Put IV premium
Call IV0.34
Put IV0.39
Skew0.06
18 Dec 2026Balanced skew
Call IV0.29
Put IV0.30
Skew0.01
19 Mar 2027Incomplete skew
Call IV-
Put IV0.39
Skew-

Contract Tape

Most active contracts

Full contract tape
ContractL261218P00055000
SidePut
Expiry18 Dec 2026
Strike55.00
Volume-
OI3
IV0.82
ContractL260918C00140000
SideCall
Expiry18 Sep 2026
Strike140.00
Volume-
OI2
IV0.55
ContractL260918C00090000
SideCall
Expiry18 Sep 2026
Strike90.00
Volume-
OI2
IV0.00
ContractL260821C00060000
SideCall
Expiry21 Aug 2026
Strike60.00
Volume-
OI1
IV1.51
ContractL261218C00055000
SideCall
Expiry18 Dec 2026
Strike55.00
Volume-
OI1
IV0.90
ContractL260821P00080000
SidePut
Expiry21 Aug 2026
Strike80.00
Volume-
OI1
IV1.13
ContractL261218P00115000
SidePut
Expiry18 Dec 2026
Strike115.00
Volume-
OI1
IV0.21
ContractL260821C00065000
SideCall
Expiry21 Aug 2026
Strike65.00
Volume-
OI1
IV1.35