Primary read
Volatility
Volatility expansion watch
Ticker Options Intelligence
CNA options intelligence
CNA Financial Corporation options pressure, expected move, strike concentration, and Sharemaestro trend context.
Conviction
47
Market data through 29 Jul 2026
Checked 29 Jul 2026 22:00 · complete available chain
Volatility expansion watch
Volatility pressure
CNA currently carries volatility options pressure with a 47/100 conviction score. The nearest-chain expected move is 10.0%, with volume/open-interest participation at 0.11.
Expected move
10.0%
Wider near-term move priced
Activity / OI
0.11
Current volume is quieter versus prior open interest
Put-call
0.23
Call-side skew
Trend fit
24
Options are not fully confirming trend
Weekly backdrop
+2.7%
RS 10.3
Expected move
10.0%
Put-call volume
0.23
Volume / OI
0.11
Reference IV
0.69
Max pain
48.00
Underlying
53.66
Nearest expiry
21 Aug 2026
Contracts
37
Options Intent Radar
Earnings/event positioning
Options activity is concentrated around a live event window, so the cleanest read is event positioning rather than pure direction.
Options are pricing movement more than direction; compare expected move with the stock's actual weekly change.
Earnings/event positioning matters because it connects the options headline to the actual evidence: $17904 of estimated gross traded notional, calls · 91+ 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+71
1W price+2.7%
Call premium94%
Put premium6%
Notional split
C 94% / P 6%
Estimated gross traded notional uses volume × contract multiplier × midpoint, or last price when no valid midpoint is available.
Freshness
0.11
Volume divided by open interest across the visible chain.
Trend fit
24/100
Agreement between options pressure and Sharemaestro market context.
Event window
3 Aug
Matched earnings event is 5 days away.
Aggregate chain data does not identify trade aggressor or opening versus closing activity; call/put concentration is not proof of market direction.
Calls · 91+ days · OTM
calls cluster with 20 contracts traded, $4900 estimated gross traded notional, and 27% of visible notional.
$4900
Calls · 91+ days · ITM
calls cluster with 5 contracts traded, $4775 estimated gross traded notional, and 27% of visible notional.
$4775
Calls · 22-45 days · ITM
calls cluster with 3 contracts traded, $2515 estimated gross traded notional, and 14% of visible notional.
$2515
Calls · 91+ days · ATM
calls cluster with 7 contracts traded, $2322 estimated gross traded notional, and 13% of visible notional.
$2322
Calls · 22-45 days · ATM
calls cluster with 8 contracts traded, $2160 estimated gross traded notional, and 12% of visible notional.
$2160
Setup Classification
Opportunity and risk frame
The tape is pricing or displaying unusually elevated activity.
Expected move or upcoming earnings makes the setup more event-sensitive.
Options positioning is not confirming the underlying trend context.
Activity Anomaly
High anomaly
Current options activity is unusually hot versus this ticker's stored history.
Volume rank100th
Volume/OI rank100th
IV rank100th
Market Context
Underlying confirmation
Close53.66
1W+2.7%
RS10.3
Fair value+30.9%
Options pressure71
Speculation11
Volatility89
Trend fit24
Today Versus Normal
Stored-options context
30d avg 5.7% · 1 read
100th
90d avg 5.7% · 1 read
100th
180d avg 5.7% · 1 read
100th
30d avg 0.23 · 1 read
100th
90d avg 0.23 · 1 read
100th
180d avg 0.23 · 1 read
100th
30d avg 1.50 · 1 read
0th
90d avg 1.50 · 1 read
0th
180d avg 1.50 · 1 read
0th
30d avg 0.00 · 1 read
100th
90d avg 0.00 · 1 read
100th
180d avg 0.00 · 1 read
100th
Pressure Trail
Recent pressure and volatility
29 Jul 10:26
Mixed
Pressure -14
Move 5.7%
29 Jul 21:00
Volatility
Pressure 71
Move 10.0%
Strike Map
Where activity is clustering
Strike38.00
Calls · V 0 · OI 0
Puts · V 0 · OI 1
Strike40.00
Calls · V 0 · OI 1
Puts · V 1 · OI 8
Strike43.00
Calls · V 1 · OI 10
Puts · V 1 · OI 19
Strike45.00
Calls · V 0 · OI 0
Puts · V 1 · OI 3
Strike48.00
Calls · V 1 · OI 114
Puts · V 1 · OI 12
Strike50.00
Calls · V 1 · OI 31
Puts · V 0 · OI 0
Strike53.00
Calls · V 4 · OI 57
Puts · V 0 · OI 1
Strike55.00
Calls · V 4 · OI 6
Puts · V 0 · OI 0
Term Structure
Expiration activity
Expiry21 Aug 2026
Contracts19
Avg IV0.69
Put-call0.27
Expiry18 Sep 2026
Contracts3
Avg IV0.65
Put-call-
Expiry20 Nov 2026
Contracts9
Avg IV0.44
Put-call0.33
Expiry19 Feb 2027
Contracts6
Avg IV0.37
Put-call0.04
Skew
Call/put IV balance
21 Aug 2026Call IV premium
Call IV0.86
Put IV0.68
Skew-0.18
18 Sep 2026Balanced skew
Call IV0.58
Put IV0.57
Skew-0.01
20 Nov 2026Put IV premium
Call IV0.44
Put IV0.61
Skew0.17
19 Feb 2027Put IV premium
Call IV0.38
Put IV0.55
Skew0.17
Contract Tape
Most active contracts
ContractCNA260821C00068000
SideCall
Expiry21 Aug 2026
Strike68.00
Volume-
OI-
IV-
ContractCNA261120P00035000
SidePut
Expiry20 Nov 2026
Strike35.00
Volume-
OI50
IV0.93
ContractCNA260821C00070000
SideCall
Expiry21 Aug 2026
Strike70.00
Volume-
OI12
IV0.54
ContractCNA260821C00060000
SideCall
Expiry21 Aug 2026
Strike60.00
Volume-
OI2
IV0.75
ContractCNA261120C00060000
SideCall
Expiry20 Nov 2026
Strike60.00
Volume-
OI1
IV0.21
ContractCNA270219C00040000
SideCall
Expiry19 Feb 2027
Strike40.00
Volume-
OI1
IV0.00
ContractCNA260821P00038000
SidePut
Expiry21 Aug 2026
Strike38.00
Volume-
OI1
IV1.28
ContractCNA260918C00055000
SideCall
Expiry18 Sep 2026
Strike55.00
Volume-
OI1
IV0.58
Research Graph
Related research and context
Sharemaestro research
Related News
Market Watch
No recent market-watch posts yet.
Earnings
Plain English Guide
Options context
What usually looks constructive
What usually looks cautious
Options can move quickly and can lose value fast. Treat this as research context, not a buy or sell instruction.