Ticker Options Intelligence

CRGY options intelligence

Crescent Energy Co options pressure, expected move, strike concentration, and Sharemaestro trend context.

Conviction 55 Market data through 31 Jul 2026 Checked 31 Jul 2026 17:58 · complete available chain

Volatility expansion watch

Volatility pressure

CRGY currently carries volatility options pressure with a 55/100 conviction score. The nearest-chain expected move is 12.9%, with volume/open-interest participation at 0.09.

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

Volatility expansion watch

Expected move 12.9%

Wider near-term move priced

Activity / OI 0.09

Current volume is quieter versus prior open interest

Put-call 0.12

Call-side skew

Trend fit 0

Options are not fully confirming trend

Weekly backdrop +4.8%

RS 3.8

Expected move 12.9%
Put-call volume 0.12
Volume / OI 0.09
Reference IV 0.66
Max pain 10.00
Underlying 11.27
Nearest expiry 21 Aug 2026
Contracts 121

Research Brief

CRGY has a volatility chain read with 55/100 evidence alignment.

The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 9.82–12.72; The largest call open-interest concentration is 12.50; the largest put concentration is 10.00. The most active strike by current volume is 12.50.

Priced range9.82–12.72
Call concentration12.50
Put concentration10.00
Max pain reference10.00
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 9.82 to 12.72. Max pain at 10.00 sits inside that range, 11.3% below spot.

Spot Max pain
9.8211.27 ± 1.4512.72
Confirmation level

A close beyond 12.72 or below 9.82 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 55/100

Evidence alignment, not probability

Pressure is 89/100 toward calls; conviction uses its strength, while the signal label carries its direction.

Directional pressure89 × 42%
+37.4

How strongly activity leans toward calls or puts.

Participation42 × 22%
+9.3

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.

Volatility86 × 10%
+8.6

The intensity of implied volatility and the priced move.

Reconstructed score55.3Matches stored calculation

Positioning by Strike

Where open interest and current activity concentrate

Full strike map

The largest call open-interest concentration is 12.50; the largest put concentration is 10.00. The most active strike by current volume is 12.50. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.

Put open interestStrikeCall open interest
0
5.00-55.6%
0
147
7.50-33.5%
6
95
9.00-20.1%
0
653
10.00-11.3%
1954
60
11.00-2.4%
234
186
12.5010.9%
5456
0
14.0024.2%
7
1
15.0033.1%
0
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.

0.66 21 Aug 21d
0.58 18 Sep 49d
0.58 16 Oct 77d
0.58 18 Dec 140d
0.56 15 Jan 168d
0.63 21 Jan 539d
0.69 16 Jun 686d
0.57 15 Dec 868d

Volatility by Strike

Downside protection premium

Nearest expiry, within 20% of spot

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

10
11
13
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

A99/100
Retained chain100%
Implied volatility100%
Two-sided quotes100%
Open interest100%
Chain status
Complete available chain
Market date
31 Jul 2026
Calculation
v2.0
Contracts
121 / 121
  • 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

82/100
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: $717428 of estimated gross traded notional, calls · 91+ 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+89
1W price+4.8%
Call premium81%
Put premium19%
Notional split C 81% / P 19% Estimated gross traded notional uses volume × contract multiplier × midpoint, or last price when no valid midpoint is available.
Freshness 0.09 Volume divided by open interest across the visible chain.
Trend fit 0/100 Agreement between options pressure and Sharemaestro market context.
Event window 3 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.
Conviction clusters Calls · 91+ days · ITM
Calls · 91+ days · ITM calls cluster with 580 contracts traded, $300655 estimated gross traded notional, and 42% of visible notional.
$300655
Calls · 91+ days · OTM calls cluster with 4253 contracts traded, $189714 estimated gross traded notional, and 26% of visible notional.
$189714
Puts · 46-90 days · ITM puts cluster with 256 contracts traded, $88812 estimated gross traded notional, and 12% of visible notional.
$88812
Calls · 46-90 days · ATM calls cluster with 522 contracts traded, $60930 estimated gross traded notional, and 8% of visible notional.
$60930
Puts · 91+ days · OTM puts cluster with 151 contracts traded, $15382 estimated gross traded notional, and 2% of visible notional.
$15382

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.

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
Close11.27
1W+4.8%
RS3.8
Fair value+6.8%
Options pressure89
Speculation42
Volatility86
Trend fit0

Today Versus Normal

Stored-options context

View history
Expected move 12.9% history building
30d avg - · 3/10 sessions -
90d avg - · 3/30 sessions -
180d avg - · 3/60 sessions -
IV 0.66 history building
30d avg - · 3/10 sessions -
90d avg - · 3/30 sessions -
180d avg - · 3/60 sessions -
Put-call 0.12 history building
30d avg - · 3/10 sessions -
90d avg - · 3/30 sessions -
180d avg - · 3/60 sessions -
Volume/OI 0.09 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 10:44 Volatility
Pressure 93
Move 13.3%
30 Jul 10:40 Volatility
Pressure 100
Move 12.2%
31 Jul 13:04 Volatility
Pressure 100
Move 11.8%
31 Jul 15:35 Volatility
Pressure 89
Move 12.9%
31 Jul 16:58 Volatility
Pressure 89
Move 12.9%

Strike Map

Where activity is clustering

Full strike map
Strike5.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike7.50
Calls · V 3 · OI 6
Puts · V 1 · OI 147
Strike9.00
Calls · V 0 · OI 0
Puts · V 35 · OI 95
Strike10.00
Calls · V 1 · OI 1954
Puts · V 36 · OI 653
Strike11.00
Calls · V 11 · OI 234
Puts · V 1 · OI 60
Strike12.50
Calls · V 25 · OI 5456
Puts · V 40 · OI 186
Strike14.00
Calls · V 1 · OI 7
Puts · V 0 · OI 0
Strike15.00
Calls · V 0 · OI 0
Puts · V 1 · OI 1

Term Structure

Expiration activity

Volume and IV
Expiry21 Aug 2026
Contracts12
Avg IV0.66
Put-call2.78
Expiry18 Sep 2026
Contracts12
Avg IV0.58
Put-call1.16
Expiry16 Oct 2026
Contracts16
Avg IV0.58
Put-call0.36
Expiry18 Dec 2026
Contracts20
Avg IV0.58
Put-call0.53
Expiry15 Jan 2027
Contracts19
Avg IV0.56
Put-call0.01

Skew

Call/put IV balance

OTM demand
21 Aug 2026Put IV premium
Call IV0.54
Put IV0.73
Skew0.19
18 Sep 2026Put IV premium
Call IV0.46
Put IV0.53
Skew0.06
16 Oct 2026Balanced skew
Call IV0.62
Put IV0.60
Skew-0.03
18 Dec 2026Balanced skew
Call IV0.52
Put IV0.53
Skew0.01
15 Jan 2027Balanced skew
Call IV0.56
Put IV0.56
Skew0.01

Contract Tape

Most active contracts

Full contract tape
ContractCRGY260918P00015000
SidePut
Expiry18 Sep 2026
Strike15.00
Volume-
OI100
IV0.72
ContractCRGY280121C00022500
SideCall
Expiry21 Jan 2028
Strike22.50
Volume-
OI100
IV0.70
ContractCRGY280121C00025000
SideCall
Expiry21 Jan 2028
Strike25.00
Volume-
OI50
IV0.74
ContractCRGY261016P00017500
SidePut
Expiry16 Oct 2026
Strike17.50
Volume-
OI40
IV0.00
ContractCRGY281215C00022500
SideCall
Expiry15 Dec 2028
Strike22.50
Volume-
OI36
IV0.64
ContractCRGY270115C00016000
SideCall
Expiry15 Jan 2027
Strike16.00
Volume-
OI26
IV0.54
ContractCRGY280121P00025000
SidePut
Expiry21 Jan 2028
Strike25.00
Volume-
OI5
IV0.88
ContractCRGY280616C00022500
SideCall
Expiry16 Jun 2028
Strike22.50
Volume-
OI4
IV0.61