Ticker Options Intelligence

FCPT options intelligence

Four Corners Property Trust Inc options pressure, expected move, strike concentration, and Sharemaestro trend context.

Conviction 62 Market data through 31 Jul 2026 Checked 31 Jul 2026 15:59 · complete available chain

Volatility expansion watch

Volatility pressure

FCPT currently carries volatility options pressure with a 62/100 conviction score. The nearest-chain expected move is 4.4%, with volume/open-interest participation at 0.82.

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

Volatility expansion watch

Expected move 4.4%

Near-term move context

Activity / OI 0.82

Current volume is elevated versus prior open interest

Put-call 15.65

Put-side skew

Trend fit 7

Options are not fully confirming trend

Weekly backdrop -1.0%

RS -0.5

Expected move 4.4%
Put-call volume 15.65
Volume / OI 0.82
Reference IV 0.85
Max pain 25.00
Underlying 26.07
Nearest expiry 21 Aug 2026
Contracts 16

Research Brief

FCPT has a volatility chain read with 62/100 evidence alignment.

The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 24.92–27.22; The largest call open-interest concentration is 25.00; the largest put concentration is 25.00. The most active strike by current volume is 25.00.

Priced range24.92–27.22
Call concentration25.00
Put concentration25.00
Max pain reference25.00
What would confirm it
  • A clear directional pressure reading develops and price begins to agree.
What would weaken it
  • Volatility falls and the chain remains directionally mixed.
  • 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 24.92 to 27.22. Max pain at 25.00 sits inside that range, 4.1% below spot.

Spot Max pain
24.9226.07 ± 1.1527.22
Confirmation level

A close beyond 27.22 or below 24.92 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 62/100

Evidence alignment, not probability

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

Directional pressure100 × 42%
+42.0

How strongly activity leans toward calls or puts.

Participation49 × 22%
+10.8

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

Trend agreement7 × 26%
+1.9

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

Volatility74 × 10%
+7.4

The intensity of implied volatility and the priced move.

Reconstructed score62.0Matches stored calculation

Positioning by Strike

Where open interest and current activity concentrate

Full strike map

The largest call open-interest concentration is 25.00; the largest put concentration is 25.00. The most active strike by current volume is 25.00. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.

Put open interestStrikeCall open interest
900
25.00-4.1%
3
Nearest spot strike Max pain strikeBars show relative OI within this expiry

Volatility Curve

Front-loaded volatility

1.17× front/back

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

0.85 21 Aug 21d
0.47 18 Sep 49d
0.83 18 Dec 140d
0.73 19 Mar 231d

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.

25
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

A91/100
Retained chain100%
Implied volatility100%
Two-sided quotes100%
Open interest100%
Chain status
Complete available chain
Market date
31 Jul 2026
Calculation
v2.0
Contracts
16 / 16
  • 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

91/100
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 Volatility flow versus price

Options are pricing movement more than direction; compare expected move with the stock's actual weekly change.

Why this matters

Earnings/event positioning matters because it connects the options headline to the actual evidence: $41982 of estimated gross traded notional, puts · 8-21 days · otm, and a volatility flow versus 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-1.0%
Call premium37%
Put premium63%
Notional split C 37% / P 63% Estimated gross traded notional uses volume × contract multiplier × midpoint, or last price when no valid midpoint is available.
Freshness 0.82 Volume divided by open interest across the visible chain.
Trend fit 7/100 Agreement between options pressure and Sharemaestro market context.
Event window 4 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 Puts · 8-21 days · OTM
Puts · 8-21 days · OTM puts cluster with 750 contracts traded, $26250 estimated gross traded notional, and 63% of visible notional.
$26250
Calls · 91+ days · ITM calls cluster with 33 contracts traded, $13090 estimated gross traded notional, and 31% of visible notional.
$13090
Calls · 46-90 days · ITM calls cluster with 11 contracts traded, $2380 estimated gross traded notional, and 6% of visible notional.
$2380
Puts · 91+ days · OTM puts cluster with 1 contracts traded, $108 estimated gross traded notional, and 0% of visible notional.
$108
Calls · 8-21 days · ITM calls cluster with 1 contracts traded, $80 estimated gross traded notional, and 0% of visible notional.
$80

Setup Classification

Opportunity and risk frame

Context, not advice
Warning Speculative chase

Participation is active enough to treat follow-through risk carefully.

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

-

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
Close26.07
1W-1.0%
RS-0.5
Fair value+9.5%
Options pressure-100
Speculation49
Volatility74
Trend fit7

Today Versus Normal

Stored-options context

View history
Expected move 4.4% history building
30d avg - · 3/10 sessions -
90d avg - · 3/30 sessions -
180d avg - · 3/60 sessions -
IV 0.85 history building
30d avg - · 3/10 sessions -
90d avg - · 3/30 sessions -
180d avg - · 3/60 sessions -
Put-call 15.65 history building
30d avg - · 2/10 sessions -
90d avg - · 2/30 sessions -
180d avg - · 2/60 sessions -
Volume/OI 0.82 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 10:56 Mixed
Pressure -8
Move 9.4%
30 Jul 00:38 Bullish
Pressure 92
Move 9.3%
31 Jul 11:08 Bearish
Pressure -100
Move 4.4%
31 Jul 13:46 Bearish
Pressure -100
Move 4.4%
31 Jul 14:59 Volatility
Pressure -100
Move 4.4%

Strike Map

Where activity is clustering

Full strike map
Strike25.00
Calls · V 1 · OI 3
Puts · V 750 · OI 900

Term Structure

Expiration activity

Volume and IV
Expiry21 Aug 2026
Contracts2
Avg IV0.85
Put-call750.00
Expiry18 Sep 2026
Contracts7
Avg IV0.47
Put-call-
Expiry18 Dec 2026
Contracts6
Avg IV0.83
Put-call0.03
Expiry19 Mar 2027
Contracts1
Avg IV0.73
Put-call-

Skew

Call/put IV balance

OTM demand
21 Aug 2026Incomplete skew
Call IV-
Put IV0.80
Skew-
18 Sep 2026Call IV premium
Call IV0.13
Put IV0.01
Skew-0.12
18 Dec 2026Balanced skew
Call IV0.51
Put IV0.53
Skew0.02
19 Mar 2027Incomplete skew
Call IV-
Put IV0.73
Skew-

Contract Tape

Most active contracts

Full contract tape
ContractFCPT270319P00022500
SidePut
Expiry19 Mar 2027
Strike22.50
Volume-
OI1
IV0.73
ContractFCPT260918C00012500
SideCall
Expiry18 Sep 2026
Strike12.50
Volume-
OI-
IV1.29
ContractFCPT260918C00017500
SideCall
Expiry18 Sep 2026
Strike17.50
Volume-
OI-
IV0.76
ContractFCPT260918P00025000
SidePut
Expiry18 Sep 2026
Strike25.00
Volume-
OI-
IV0.01
ContractFCPT260918P00022500
SidePut
Expiry18 Sep 2026
Strike22.50
Volume-
OI-
IV0.06
ContractFCPT261218C00015000
SideCall
Expiry18 Dec 2026
Strike15.00
Volume-
OI-
IV0.90
ContractFCPT260821P00025000
SidePut
Expiry21 Aug 2026
Strike25.00
Volume750
OI900
IV0.80
ContractFCPT261218C00022500
SideCall
Expiry18 Dec 2026
Strike22.50
Volume30
OI8
IV0.68