Ticker Options Intelligence

WERN options intelligence

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

Conviction 53 Market data through 31 Jul 2026 Checked 31 Jul 2026 15:17 · complete available chain

Volatility expansion watch

Volatility pressure

WERN currently carries volatility options pressure with a 53/100 conviction score. The nearest-chain expected move is 9.5%, with volume/open-interest participation at 0.15.

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

Volatility expansion watch

Expected move 9.5%

Wider near-term move priced

Activity / OI 0.15

Current volume is quieter versus prior open interest

Put-call 0.19

Call-side skew

Trend fit 40

Options are not fully confirming trend

Weekly backdrop -11.8%

RS 6.2

Expected move 9.5%
Put-call volume 0.19
Volume / OI 0.15
Reference IV 0.83
Max pain 40.00
Underlying 42.42
Nearest expiry 21 Aug 2026
Contracts 33

Research Brief

WERN has a volatility chain read with 53/100 evidence alignment.

The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 38.37–46.47; The largest call open-interest concentration is 45.00; the largest put concentration is 40.00. The most active strike by current volume is 45.00.

Priced range38.37–46.47
Call concentration45.00
Put concentration40.00
Max pain reference40.00
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 38.37 to 46.47. Max pain at 40.00 sits inside that range, 5.7% below spot.

Spot Max pain
38.3742.42 ± 4.0546.47
Confirmation level

A close beyond 46.47 or below 38.37 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 53/100

Evidence alignment, not probability

Pressure is 60/100 toward calls; conviction uses its strength, while the signal label carries its direction.

Directional pressure60 × 42%
+25.1

How strongly activity leans toward calls or puts.

Participation36 × 22%
+7.8

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

Trend agreement40 × 26%
+10.5

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

Volatility94 × 10%
+9.4

The intensity of implied volatility and the priced move.

Reconstructed score52.8Matches stored calculation

Positioning by Strike

Where open interest and current activity concentrate

Full strike map

The largest call open-interest concentration is 45.00; the largest put concentration is 40.00. The most active strike by current volume is 45.00. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.

Put open interestStrikeCall open interest
1
22.50-47.0%
0
20
35.00-17.5%
16
39
40.00-5.7%
162
1
45.006.1%
237
0
50.0017.9%
152
Nearest spot strike Max pain strikeBars show relative OI within this expiry

Volatility Curve

Front-loaded volatility

1.43× front/back

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

0.83 21 Aug 21d
0.45 18 Sep 49d
0.79 18 Dec 140d
0.58 19 Mar 231d

Volatility by Strike

Upside optionality premium

Nearest expiry, within 20% of spot

Out-of-the-money calls carry higher implied volatility than comparable puts, indicating richer upside optionality.

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

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
33 / 33
  • 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

86/100
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: $239170 of estimated gross traded notional, calls · 46-90 days · itm, 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+60
1W price-11.8%
Call premium95%
Put premium5%
Notional split C 95% / P 5% Estimated gross traded notional uses volume × contract multiplier × midpoint, or last price when no valid midpoint is available.
Freshness 0.15 Volume divided by open interest across the visible chain.
Trend fit 40/100 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 Calls · 46-90 days · ITM
Calls · 46-90 days · ITM calls cluster with 139 contracts traded, $174072 estimated gross traded notional, and 73% of visible notional.
$174072
Calls · 91+ days · ITM calls cluster with 45 contracts traded, $43545 estimated gross traded notional, and 18% of visible notional.
$43545
Puts · 46-90 days · ITM puts cluster with 6 contracts traded, $6690 estimated gross traded notional, and 3% of visible notional.
$6690
Calls · 91+ days · OTM calls cluster with 33 contracts traded, $3532 estimated gross traded notional, and 1% of visible notional.
$3532
Calls · 46-90 days · OTM calls cluster with 26 contracts traded, $3449 estimated gross traded notional, and 1% of visible notional.
$3449

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.

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
Close37.42
1W-11.8%
RS6.2
Fair value+9.8%
Options pressure60
Speculation36
Volatility94
Trend fit40

Today Versus Normal

Stored-options context

View history
Expected move 9.5% history building
30d avg - · 3/10 sessions -
90d avg - · 3/30 sessions -
180d avg - · 3/60 sessions -
IV 0.83 history building
30d avg - · 3/10 sessions -
90d avg - · 3/30 sessions -
180d avg - · 3/60 sessions -
Put-call 0.19 history building
30d avg - · 3/10 sessions -
90d avg - · 3/30 sessions -
180d avg - · 3/60 sessions -
Volume/OI 0.15 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 10:58 Bullish
Pressure 35
Move 9.5%
30 Jul 10:47 Bullish
Pressure 39
Move 10.8%
31 Jul 13:28 Volatility
Pressure 88
Move 10.1%
31 Jul 14:17 Volatility
Pressure 60
Move 9.5%

Strike Map

Where activity is clustering

Full strike map
Strike22.50
Calls · V 0 · OI 0
Puts · V 2 · OI 1
Strike35.00
Calls · V 6 · OI 16
Puts · V 5 · OI 20
Strike40.00
Calls · V 10 · OI 162
Puts · V 5 · OI 39
Strike45.00
Calls · V 33 · OI 237
Puts · V 1 · OI 1
Strike50.00
Calls · V 10 · OI 152
Puts · V 0 · OI 0

Term Structure

Expiration activity

Volume and IV
Expiry21 Aug 2026
Contracts8
Avg IV0.83
Put-call0.22
Expiry18 Sep 2026
Contracts15
Avg IV0.45
Put-call0.25
Expiry18 Dec 2026
Contracts7
Avg IV0.79
Put-call0.02
Expiry19 Mar 2027
Contracts3
Avg IV0.58
Put-call-

Skew

Call/put IV balance

OTM demand
21 Aug 2026Balanced skew
Call IV0.54
Put IV0.53
Skew-0.01
18 Sep 2026Call IV premium
Call IV0.61
Put IV0.00
Skew-0.61
18 Dec 2026Put IV premium
Call IV0.52
Put IV0.68
Skew0.15
19 Mar 2027Incomplete skew
Call IV-
Put IV-
Skew-

Contract Tape

Most active contracts

Full contract tape
ContractWERN261218P00030000
SidePut
Expiry18 Dec 2026
Strike30.00
Volume-
OI491
IV0.68
ContractWERN261218C00022500
SideCall
Expiry18 Dec 2026
Strike22.50
Volume-
OI1
IV1.94
ContractWERN270319P00065000
SidePut
Expiry19 Mar 2027
Strike65.00
Volume-
OI-
IV0.67
ContractWERN260918P00040000
SidePut
Expiry18 Sep 2026
Strike40.00
Volume-
OI-
IV0.00
ContractWERN260918C00022500
SideCall
Expiry18 Sep 2026
Strike22.50
Volume126
OI-
IV0.00
ContractWERN260821C00045000
SideCall
Expiry21 Aug 2026
Strike45.00
Volume33
OI237
IV0.54
ContractWERN261218C00055000
SideCall
Expiry18 Dec 2026
Strike55.00
Volume30
OI30
IV0.56
ContractWERN260918C00055000
SideCall
Expiry18 Sep 2026
Strike55.00
Volume20
OI20
IV0.95