Primary read
Volatility
Volatility expansion watch
Ticker Options Intelligence
ARCX options intelligence
TRADR 2X LONG ACHR DAILY ETF options pressure, expected move, strike concentration, and Sharemaestro trend context.
Conviction
52
Market data through 16 Sep 2026
Checked 17 Sep 2026 11:02 · complete available chain
Volatility expansion watch
Volatility pressure
ARCX currently carries volatility options pressure with a 52/100 conviction score. The nearest-chain expected move is 19.4%, with volume/open-interest participation at 0.01.
Expected move
19.4%
Wider near-term move priced
Activity / OI
0.01
Current volume is quieter versus prior open interest
Put-call
0.00
Call-side skew
Trend fit
0
Options are not fully confirming trend
Weekly backdrop
-5.7%
RS -66.7
Expected move
19.4%
Put-call volume
-
Volume / OI
0.01
Reference IV
1.32
Max pain
14.00
Underlying
12.52
Nearest expiry
18 Sep 2026
Contracts
254
Research Brief
ARCX has a volatility chain read with 52/100 evidence alignment.
The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 10.10–14.95; The largest call open-interest concentration is 25.00; the largest put concentration is 11.00. The most active strike by current volume is 1.00.
Priced range10.10–14.95
Call concentration25.00
Put concentration11.00
Max pain reference14.00
- A clear directional pressure reading develops and price begins to agree.
- Volatility falls and the chain remains directionally mixed.
- Options and the weekly trend are not yet giving the same message.
Priced Move
Where the chain says movement becomes exceptional
Options imply 10.10 to 14.95. Max pain at 14.00 sits inside that range, 11.8% above spot.
Spot
Max pain
10.1012.52 ± 2.4314.95
Confirmation level
A close beyond 14.95 or below 10.10 at the 18 Sep 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 52/100
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.
Participation0 × 22%
+0.0
Volume relative to existing open interest and contract-level activity.
Trend agreement0 × 26%
+0.0
How closely the chain read agrees with the underlying trend backdrop.
Volatility96 × 10%
+9.6
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 25.00; the largest put concentration is 11.00. The most active strike by current volume is 1.00. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.
Put open interestStrikeCall open interest
0
1.00-92.0%
0
0
2.00-84.0%
0
1
10.00-20.2%
1
7
11.00-12.2%
0
0
12.00-4.2%
1
3
13.003.8%
2
7
14.0011.8%
0
2
15.0019.8%
2
1
16.0027.8%
1
0
19.0051.7%
6
0
20.0059.7%
2
1
23.0083.6%
0
0
25.0099.6%
10
0
30.00139.5%
6
0
40.00219.4%
4
0
50.00299.2%
1
0
55.00339.1%
3
Nearest spot strike Max pain strikeBars show relative OI within this expiry
Gamma Profile by Strike
Negative gamma proxy
Put-side gamma sensitivity outweighs the call-side proxy across the retained chain. The largest bars mark levels where delta-hedging sensitivity may be most concentrated.
Net profile-$217Delta change / 1% move
Positive peak15.00+$92
Negative peak11.00-$329
Nearest balance14.45Interpolated sign change
StrikeNegativePositiveNet / 1% move
7.00-44.1%
-$6
8.00-36.1%
+$45
9.00-28.1%
-$36
10.00-20.2%
-$39
11.00-12.2%
-$329
12.00-4.2%
-$9
13.003.8%
-$50
14.0011.8%
-$75
15.0019.8%
+$92
16.0027.8%
+$31
17.0035.7%
+$9
18.0043.7%
+$47
19.0051.7%
+$12
20.0059.7%
-$3
22.0075.7%
+$6
23.0083.6%
-$4
25.0099.6%
+$57
26.00107.6%
+$17
27.00115.6%
+$1
30.00139.5%
+$5
35.00179.5%
+$9
Positive call-side proxy Negative put-side proxyHighlighted row is nearest spot strike
Scenario proxy = gamma × open interest × 100 shares × spot² × 1%. Calls are positive and puts negative by convention. Missing Greeks use a Black-Scholes estimate from stored IV with zero rate and dividend assumptions. Open interest does not reveal who is long or short, so this is not observed dealer positioning or a forecast.
Volatility Curve
Balanced volatility curve
Near- and longer-dated implied volatility are broadly aligned; no exceptional front-expiry premium is visible.
1.32
18 Sep
2d
1.34
16 Oct
30d
1.49
18 Dec
93d
1.42
19 Mar
184d
Volatility by Strike
Downside protection premium
Out-of-the-money puts carry higher implied volatility than comparable calls, indicating richer downside protection.
11
12
13
14
15
Put IV Call IV
Historical Replay
How matured reads behaved through expiry
Across 3 stored directional transitions, the next stored price moved in the labelled direction 67% of the time.
Directional follow-through67%
Moves contained by pricing29%
Average expiry move52.9%
18 Aug
Bullish · 36
-9.1% through expiry
13.0% priced · v2.0
17 Aug
Volatility · 53
-9.1% through expiry
14.0% priced · v2.0
5 Aug
Mixed · 21
72.1% through expiry
39.2% priced · v2.0
4 Aug
Bullish · 32
72.1% through expiry
43.9% priced · v2.0
3 Aug
Volatility · 52
72.1% through expiry
36.6% priced · v2.0
31 Jul
Mixed · 21
72.1% through expiry
32.5% priced · v2.0
30 Jul
Bullish · 37
63.9% through expiry
38.3% priced · v2.0
Eligible snapshots must have a dated market session, stored signal, and point-in-time market reference. Each observation uses one read per market session and the first stored weekly close on or immediately after expiry; its original calculation version is retained. It is an evidence audit, not an executable strategy or evidence of future performance.
Evidence Quality
Usable with limits
Retained chain100%
Implied volatility100%
Two-sided quotes100%
Open interest100%
- Chain status
- Complete available chain
- Market date
- 16 Sep 2026
- Calculation
- v2.0
- Contracts
- 254 / 254
- 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
Volatility expansion bet
The strongest message is movement risk: expected move and implied volatility are carrying more signal than direction.
Options are pricing movement more than direction; compare expected move with the stock's actual weekly change.
Volatility expansion bet matters because it connects the options headline to the actual evidence: $52 of estimated gross traded notional, calls · 22-45 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-5.7%
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
0.01
Volume divided by open interest across the visible chain.
Trend fit
0/100
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.
Calls · 22-45 days · OTM
calls cluster with 1 contracts traded, $52 estimated gross traded notional, and 100% of visible notional.
$52
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
Normal range
Activity is broadly in line with recent stored snapshots.
Baseline: 18 completed sessions
Volume rank22th
Volume/OI rank17th
IV rank44th
Market Context
Underlying confirmation
Close12.52
1W-5.7%
RS-66.7
Fair value-72.4%
Options pressure100
Speculation0
Volatility96
Trend fit0
Today Versus Normal
Stored-options context
30d avg 21.1% · 11 sessions
64th
90d avg - · 18/30 sessions
-
180d avg - · 18/60 sessions
-
30d avg 1.36 · 11 sessions
64th
90d avg - · 18/30 sessions
-
180d avg - · 18/60 sessions
-
30d avg 1.17 · 10 sessions
10th
90d avg - · 14/30 sessions
-
180d avg - · 14/60 sessions
-
30d avg 0.15 · 11 sessions
9th
90d avg - · 18/30 sessions
-
180d avg - · 18/60 sessions
-
Pressure Trail
Recent pressure and volatility
29 Jul 11:58
Volatility
Pressure -96
Move 37.1%
30 Jul 11:33
Volatility
Pressure 100
Move 33.9%
31 Jul 11:05
Bullish
Pressure 39
Move 38.3%
2 Aug 01:44
Mixed
Pressure 4
Move 32.5%
4 Aug 11:12
Volatility
Pressure 100
Move 36.6%
5 Aug 11:41
Bullish
Pressure 54
Move 43.9%
6 Aug 11:49
Mixed
Pressure 4
Move 39.2%
17 Aug 16:55
Bullish
Pressure 41
Move 19.0%
Strike Map
Where activity is clustering
Strike1.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike2.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike3.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike4.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike5.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike6.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike7.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike8.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Term Structure
Expiration activity
Expiry18 Sep 2026
Contracts100
Avg IV1.32
Put-call-
Expiry16 Oct 2026
Contracts44
Avg IV1.34
Put-call-
Expiry18 Dec 2026
Contracts60
Avg IV1.49
Put-call-
Expiry19 Mar 2027
Contracts50
Avg IV1.42
Put-call-
Skew
Call/put IV balance
18 Sep 2026Call IV premium
Call IV1.16
Put IV0.76
Skew-0.40
16 Oct 2026Call IV premium
Call IV1.52
Put IV1.22
Skew-0.29
18 Dec 2026Call IV premium
Call IV1.90
Put IV1.47
Skew-0.43
19 Mar 2027Call IV premium
Call IV1.61
Put IV1.44
Skew-0.17
Contract Tape
Most active contracts
ContractARCX261016C00019000
SideCall
Expiry16 Oct 2026
Strike19.00
Volume1
OI-
IV0.81
ContractARCX260918C00025000
SideCall
Expiry18 Sep 2026
Strike25.00
Volume-
OI10
IV4.40
ContractARCX261218C00025000
SideCall
Expiry18 Dec 2026
Strike25.00
Volume-
OI8
IV1.67
ContractARCX261016C00015000
SideCall
Expiry16 Oct 2026
Strike15.00
Volume-
OI7
IV1.44
ContractARCX260918P00014000
SidePut
Expiry18 Sep 2026
Strike14.00
Volume-
OI7
IV2.42
ContractARCX260918P00011000
SidePut
Expiry18 Sep 2026
Strike11.00
Volume-
OI7
IV1.56
ContractARCX260918C00019000
SideCall
Expiry18 Sep 2026
Strike19.00
Volume-
OI6
IV3.12
ContractARCX261218C00018000
SideCall
Expiry18 Dec 2026
Strike18.00
Volume-
OI6
IV1.58
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
No upcoming matched earnings event.
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.