Ticker Options Intelligence

THRM options intelligence

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

Conviction 48 Market data through 30 Jul 2026 Checked 31 Jul 2026 13:26 · complete available chain

Call-side pressure

Bullish pressure

THRM currently carries bullish options pressure with a 48/100 conviction score. The nearest-chain expected move is 8.5%, with volume/open-interest participation at 0.00.

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

Call-side pressure

Expected move 8.5%

Wider near-term move priced

Activity / OI 0.00

Current volume is quieter versus prior open interest

Put-call 0.00

Call-side skew

Trend fit 1

Options are not fully confirming trend

Weekly backdrop -4.9%

RS 8.1

Expected move 8.5%
Put-call volume -
Volume / OI 0.00
Reference IV 0.32
Max pain 35.00
Underlying 42.69
Nearest expiry 21 Aug 2026
Contracts 98

Research Brief

THRM has a bullish chain read with 48/100 evidence alignment.

The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 39.06–46.32; The largest call open-interest concentration is 40.00; the largest put concentration is 30.00. The most active strike by current volume is 40.00.

Priced range39.06–46.32
Call concentration40.00
Put concentration30.00
Max pain reference35.00
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.

Priced Move

Where the chain says movement becomes exceptional

Size, not direction · through 21 Aug

Options imply 39.06 to 46.32. Max pain at 35.00 lies outside the priced range, so it is a weak near-term anchor.

Spot Max pain
39.0642.69 ± 3.6346.32
Confirmation level

A close beyond 46.32 or below 39.06 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 48/100

Evidence alignment, not probability

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

Directional pressure100 × 42%
+42.0

How strongly activity leans toward calls or puts.

Participation1 × 22%
+0.2

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

Trend agreement1 × 26%
+0.2

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

Volatility56 × 10%
+5.6

The intensity of implied volatility and the priced move.

Reconstructed score48.0Matches stored calculation

Positioning by Strike

Where open interest and current activity concentrate

Full strike map

The largest call open-interest concentration is 40.00; the largest put concentration is 30.00. The most active strike by current volume is 40.00. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.

Put open interestStrikeCall open interest
0
17.50-59.0%
0
0
20.00-53.2%
0
0
22.50-47.3%
0
0
25.00-41.4%
0
11
30.00-29.7%
4
3
35.00-18.0%
10
1
40.00-6.3%
20
0
45.005.4%
1
3
50.0017.1%
0
0
55.0028.8%
0
0
60.0040.5%
0
0
65.0052.3%
0
Nearest spot strike Max pain strikeBars show relative OI within this expiry

Volatility Curve

Back-loaded volatility

0.70× front/back

Longer-dated options carry more implied volatility than the front expiry, so risk is priced farther out.

0.32 21 Aug 22d
0.26 18 Sep 50d
0.47 18 Dec 141d
0.45 19 Mar 232d

Volatility by Strike

Balanced wings

Nearest expiry, within 20% of spot

Comparable upside calls and downside puts carry broadly similar implied volatility.

35
40
45
50
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
98 / 98
  • 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

Multi-expiry position-maintenance candidate

56/100
Primary intent Multi-expiry position-maintenance candidate

Activity is spread across expirations with heavier open interest than current volume, which can be consistent with position maintenance.

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

Multi-expiry position-maintenance candidate matters because it connects the options headline to the actual evidence: $1240 of estimated gross traded notional, calls · 8-21 days · itm, 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+100
1W price-4.9%
Call premium100%
Put premium0%
Notional split C 100% / 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 1/100 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. Roll detection is conservative because opening and closing legs are not directly observable in this snapshot.
Conviction clusters Calls · 8-21 days · ITM
Calls · 8-21 days · ITM calls cluster with 2 contracts traded, $810 estimated gross traded notional, and 65% of visible notional.
$810
Calls · 46-90 days · ITM calls cluster with 1 contracts traded, $420 estimated gross traded notional, and 34% of visible notional.
$420
Calls · 46-90 days · OTM calls cluster with 1 contracts traded, $10 estimated gross traded notional, and 1% of visible notional.
$10

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
Close40.58
1W-4.9%
RS8.1
Fair value-0.5%
Options pressure100
Speculation1
Volatility56
Trend fit1

Today Versus Normal

Stored-options context

View history
Expected move 8.5% history building
30d avg - · 2/10 sessions -
90d avg - · 2/30 sessions -
180d avg - · 2/60 sessions -
IV 0.32 history building
30d avg - · 2/10 sessions -
90d avg - · 2/30 sessions -
180d avg - · 2/60 sessions -
Put-call 0.00 history building
30d avg - · 2/10 sessions -
90d avg - · 2/30 sessions -
180d avg - · 2/60 sessions -
Volume/OI 0.00 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 11:13 Bearish
Pressure -48
Move 14.2%
30 Jul 10:59 Bullish
Pressure 100
Move 7.0%
30 Jul 15:17 Volatility
Pressure -75
Move 8.0%
30 Jul 15:48 Volatility
Pressure -76
Move 8.6%
30 Jul 20:11 Volatility
Pressure -76
Move 9.1%
30 Jul 20:54 Volatility
Pressure -76
Move 8.5%
31 Jul 12:26 Bullish
Pressure 100
Move 8.5%

Strike Map

Where activity is clustering

Full strike map
Strike17.50
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike20.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike22.50
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike25.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike30.00
Calls · V 0 · OI 4
Puts · V 0 · OI 11
Strike35.00
Calls · V 0 · OI 10
Puts · V 0 · OI 3
Strike40.00
Calls · V 2 · OI 20
Puts · V 0 · OI 1
Strike45.00
Calls · V 0 · OI 1
Puts · V 0 · OI 0

Term Structure

Expiration activity

Volume and IV
Expiry21 Aug 2026
Contracts24
Avg IV0.32
Put-call-
Expiry18 Sep 2026
Contracts26
Avg IV0.26
Put-call-
Expiry18 Dec 2026
Contracts26
Avg IV0.47
Put-call-
Expiry19 Mar 2027
Contracts22
Avg IV0.45
Put-call-

Skew

Call/put IV balance

OTM demand
21 Aug 2026Balanced skew
Call IV0.12
Put IV0.12
Skew-
18 Sep 2026Balanced skew
Call IV0.07
Put IV0.08
Skew0.01
18 Dec 2026Put IV premium
Call IV0.46
Put IV0.59
Skew0.13
19 Mar 2027Balanced skew
Call IV0.51
Put IV0.47
Skew-0.04

Contract Tape

Most active contracts

Full contract tape
ContractTHRM260821C00040000
SideCall
Expiry21 Aug 2026
Strike40.00
Volume2
OI20
IV0.67
ContractTHRM260918C00055000
SideCall
Expiry18 Sep 2026
Strike55.00
Volume1
OI43
IV0.28
ContractTHRM260918C00040000
SideCall
Expiry18 Sep 2026
Strike40.00
Volume1
OI30
IV0.45
ContractTHRM261218C00045000
SideCall
Expiry18 Dec 2026
Strike45.00
Volume-
OI1000
IV0.42
ContractTHRM261218P00040000
SidePut
Expiry18 Dec 2026
Strike40.00
Volume-
OI1000
IV0.45
ContractTHRM261218C00040000
SideCall
Expiry18 Dec 2026
Strike40.00
Volume-
OI500
IV0.45
ContractTHRM260918P00025000
SidePut
Expiry18 Sep 2026
Strike25.00
Volume-
OI258
IV0.55
ContractTHRM260918C00030000
SideCall
Expiry18 Sep 2026
Strike30.00
Volume-
OI45
IV0.01