Primary read
Bearish
Put-side pressure
Ticker Options Intelligence
HUBB options intelligence
Hubbell Inc options pressure, expected move, strike concentration, and Sharemaestro trend context.
Conviction
66
Market data through 31 Jul 2026
Checked 2 Aug 2026 04:36 · complete available chain
Put-side pressure
Bearish pressure
HUBB currently carries bearish options pressure with a 66/100 conviction score. The nearest-chain expected move is 8.1%, with volume/open-interest participation at 0.26.
Expected move
8.1%
Wider near-term move priced
Activity / OI
0.26
Current volume is quieter versus prior open interest
Put-call
8.91
Put-side skew
Trend fit
50
Options are not fully confirming trend
Weekly backdrop
-2.8%
RS -7.2
Expected move
8.1%
Put-call volume
8.91
Volume / OI
0.26
Reference IV
0.42
Max pain
480.00
Underlying
472.55
Nearest expiry
21 Aug 2026
Contracts
590
Research Brief
HUBB has a bearish chain read with 66/100 evidence alignment.
The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 434.50–510.60; The largest call open-interest concentration is 490.00; the largest put concentration is 450.00. The most active strike by current volume is 520.00.
Priced range434.50–510.60
Call concentration490.00
Put concentration450.00
Max pain reference480.00
- Price remains weak while put-side concentration persists.
- 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
Options imply 434.50 to 510.60. Max pain at 480.00 sits inside that range, 1.6% above spot.
Spot
Max pain
434.50472.55 ± 38.05510.60
Confirmation level
A close beyond 510.60 or below 434.50 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 66/100
Pressure is 88/100 toward puts; conviction uses its strength, while the signal label carries its direction.
Directional pressure88 × 42%
+36.9
How strongly activity leans toward calls or puts.
Participation46 × 22%
+10.1
Volume relative to existing open interest and contract-level activity.
Trend agreement50 × 26%
+13.1
How closely the chain read agrees with the underlying trend backdrop.
Volatility62 × 10%
+6.2
The intensity of implied volatility and the priced move.
Positioning by Strike
Where open interest and current activity concentrate
The largest call open-interest concentration is 490.00; the largest put concentration is 450.00. The most active strike by current volume is 520.00. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.
Put open interestStrikeCall open interest
12
420.00-11.1%
8
22
440.00-6.9%
3
140
450.00-4.8%
1
37
460.00-2.7%
0
6
470.00-0.5%
232
33
480.001.6%
33
10
490.003.7%
699
90
500.005.8%
23
46
510.007.9%
42
80
520.0010.0%
601
0
530.0012.2%
39
1
550.0016.4%
202
0
560.0018.5%
21
0
590.0024.9%
49
0
620.0031.2%
103
0
650.0037.6%
30
0
700.0048.1%
40
Nearest spot strike Max pain strikeBars show relative OI within this expiry
Volatility Curve
Balanced volatility curve
Near- and longer-dated implied volatility are broadly aligned; no exceptional front-expiry premium is visible.
0.42
21 Aug
21d
0.40
18 Sep
49d
0.43
20 Nov
112d
0.43
18 Dec
140d
0.42
19 Mar
231d
0.42
17 Jun
321d
Volatility by Strike
Downside protection premium
Out-of-the-money puts carry higher implied volatility than comparable calls, indicating richer downside protection.
380
390
400
410
420
430
440
450
460
470
480
490
500
510
520
530
540
550
560
Put IV Call IV
Historical Replay
How matured reads behaved through expiry
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
Retained chain100%
Implied volatility100%
Two-sided quotes100%
Open interest100%
- Chain status
- Complete available chain
- Market date
- 31 Jul 2026
- Calculation
- v2.0
- Contracts
- 590 / 590
- 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
Options activity is concentrated around a live event window, so the cleanest read is event positioning rather than pure direction.
Options pressure and weekly price action are both cautionary.
Earnings/event positioning matters because it connects the options headline to the actual evidence: $2.6M of estimated gross traded notional, puts · 46-90 days · otm, and a bearish flow confirms price backdrop. Use it as a research priority signal, then validate the chart, liquidity, event calendar, and risk before acting.
Options pressure-88
1W price-2.8%
Call premium26%
Put premium74%
Notional split
C 26% / P 74%
Estimated gross traded notional uses volume × contract multiplier × midpoint, or last price when no valid midpoint is available.
Freshness
0.26
Volume divided by open interest across the visible chain.
Trend fit
50/100
Agreement between options pressure and Sharemaestro market context.
Event window
4 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.
Puts · 46-90 days · OTM
puts cluster with 2566 contracts traded, $1.5M estimated gross traded notional, and 58% of visible notional.
$1.5M
Calls · 46-90 days · OTM
calls cluster with 256 contracts traded, $413740 estimated gross traded notional, and 16% of visible notional.
$413740
Puts · 46-90 days · ITM
puts cluster with 108 contracts traded, $385020 estimated gross traded notional, and 15% of visible notional.
$385020
Calls · 91+ days · ITM
calls cluster with 30 contracts traded, $238140 estimated gross traded notional, and 9% of visible notional.
$238140
Puts · 91+ days · ITM
puts cluster with 2 contracts traded, $12435 estimated gross traded notional, and 0% of visible notional.
$12435
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.
Underlying price is close to the max-pain zone.
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
Close472.55
1W-2.8%
RS-7.2
Fair value+17.8%
Options pressure-88
Speculation46
Volatility62
Trend fit50
Today Versus Normal
Stored-options context
30d avg - · 3/10 sessions
-
90d avg - · 3/30 sessions
-
180d avg - · 3/60 sessions
-
30d avg - · 3/10 sessions
-
90d avg - · 3/30 sessions
-
180d avg - · 3/60 sessions
-
30d avg - · 3/10 sessions
-
90d avg - · 3/30 sessions
-
180d avg - · 3/60 sessions
-
30d avg - · 3/10 sessions
-
90d avg - · 3/30 sessions
-
180d avg - · 3/60 sessions
-
Pressure Trail
Recent pressure and volatility
29 Jul 10:15
Bearish
Pressure -61
Move 9.4%
30 Jul 01:02
Bullish
Pressure 41
Move 9.9%
30 Jul 15:28
Bullish
Pressure 33
Move 8.8%
31 Jul 17:08
Bullish
Pressure 42
Move 8.5%
2 Aug 03:36
Bearish
Pressure -88
Move 8.1%
Strike Map
Where activity is clustering
Strike220.00
Calls · V 0 · OI 0
Puts · V 0 · OI 11
Strike230.00
Calls · V 0 · OI 0
Puts · V 0 · OI 2
Strike240.00
Calls · V 0 · OI 1
Puts · V 0 · OI 1
Strike250.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike260.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike270.00
Calls · V 0 · OI 0
Puts · V 0 · OI 1
Strike280.00
Calls · V 0 · OI 0
Puts · V 0 · OI 2
Strike290.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Term Structure
Expiration activity
Expiry21 Aug 2026
Contracts106
Avg IV0.42
Put-call0.40
Expiry18 Sep 2026
Contracts94
Avg IV0.40
Put-call10.36
Expiry20 Nov 2026
Contracts92
Avg IV0.43
Put-call-
Expiry18 Dec 2026
Contracts102
Avg IV0.43
Put-call-
Expiry19 Mar 2027
Contracts100
Avg IV0.42
Put-call0.15
Skew
Call/put IV balance
21 Aug 2026Balanced skew
Call IV0.44
Put IV0.46
Skew0.02
18 Sep 2026Balanced skew
Call IV0.41
Put IV0.41
Skew-
20 Nov 2026Balanced skew
Call IV0.41
Put IV0.45
Skew0.04
18 Dec 2026Balanced skew
Call IV0.41
Put IV0.44
Skew0.03
19 Mar 2027Balanced skew
Call IV0.41
Put IV0.43
Skew0.03
Contract Tape
Most active contracts
ContractHUBB260918P00410000
SidePut
Expiry18 Sep 2026
Strike410.00
Volume2565
OI-
IV0.41
ContractHUBB260918C00500000
SideCall
Expiry18 Sep 2026
Strike500.00
Volume249
OI21
IV0.38
ContractHUBB260918P00490000
SidePut
Expiry18 Sep 2026
Strike490.00
Volume108
OI6
IV0.40
ContractHUBB270319C00440000
SideCall
Expiry19 Mar 2027
Strike440.00
Volume16
OI1
IV0.42
ContractHUBB270319C00450000
SideCall
Expiry19 Mar 2027
Strike450.00
Volume8
OI1
IV0.42
ContractHUBB260821C00520000
SideCall
Expiry21 Aug 2026
Strike520.00
Volume5
OI601
IV0.43
ContractHUBB260918C00510000
SideCall
Expiry18 Sep 2026
Strike510.00
Volume5
OI54
IV0.41
ContractHUBB261218C00460000
SideCall
Expiry18 Dec 2026
Strike460.00
Volume4
OI25
IV0.42
Research Graph
Related research and context
Sharemaestro research
Related News
No recent ticker-specific news yet.
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.