Primary read
Bullish
Call-side pressure
Ticker Options Intelligence
DAC options intelligence
Danaos Corporation options pressure, expected move, strike concentration, and Sharemaestro trend context.
Conviction
51
Market data through 31 Jul 2026
Checked 1 Aug 2026 06:52 · complete available chain
Call-side pressure
Bullish pressure
DAC currently carries bullish options pressure with a 51/100 conviction score. The nearest-chain expected move is 5.3%, with volume/open-interest participation at 0.01.
Expected move
5.3%
Near-term move context
Activity / OI
0.01
Current volume is quieter versus prior open interest
Put-call
0.11
Call-side skew
Trend fit
11
Options are not fully confirming trend
Weekly backdrop
+12.2%
RS 24.1
Expected move
5.3%
Put-call volume
0.11
Volume / OI
0.01
Reference IV
0.30
Max pain
130.00
Underlying
140.22
Nearest expiry
21 Aug 2026
Contracts
406
Research Brief
DAC has a bullish chain read with 51/100 evidence alignment.
The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 132.77–147.67; The largest call open-interest concentration is 140.00; the largest put concentration is 120.00. The most active strike by current volume is 140.00.
Priced range132.77–147.67
Call concentration140.00
Put concentration120.00
Max pain reference130.00
- Price holds or improves while call-side concentration remains elevated.
- Price weakens while call pressure fades or reverses toward puts.
- 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
Options imply 132.77 to 147.67. Max pain at 130.00 lies outside the priced range, so it is a weak near-term anchor.
Spot
Max pain
132.77140.22 ± 7.45147.67
Confirmation level
A close beyond 147.67 or below 132.77 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 51/100
Pressure is 91/100 toward calls; conviction uses its strength, while the signal label carries its direction.
Directional pressure91 × 42%
+38.1
How strongly activity leans toward calls or puts.
Participation28 × 22%
+6.2
Volume relative to existing open interest and contract-level activity.
Trend agreement11 × 26%
+2.8
How closely the chain read agrees with the underlying trend backdrop.
Volatility42 × 10%
+4.2
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 140.00; the largest put concentration is 120.00. The most active strike by current volume is 140.00. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.
Put open interestStrikeCall open interest
0
75.00-46.5%
0
1
80.00-42.9%
0
0
85.00-39.4%
0
0
90.00-35.8%
0
2
100.00-28.7%
0
3
105.00-25.1%
0
5
110.00-21.6%
0
198
115.00-18.0%
2
227
120.00-14.4%
2
37
125.00-10.9%
4
13
130.00-7.3%
118
2
135.00-3.7%
276
1
140.00-0.2%
520
0
145.003.4%
21
0
150.007.0%
5
1
155.0010.5%
10
0
160.0014.1%
1
Nearest spot strike Max pain strikeBars show relative OI within this expiry
Volatility Curve
Front-loaded volatility
Near-term options are materially richer than later expirations, consistent with concentrated event or immediate-risk pricing.
0.30
21 Aug
21d
0.27
18 Sep
49d
0.27
16 Oct
77d
0.27
20 Nov
112d
0.26
18 Dec
140d
0.25
15 Jan
168d
0.26
19 Feb
203d
0.25
19 Mar
231d
Volatility by Strike
Downside protection premium
Out-of-the-money puts carry higher implied volatility than comparable calls, indicating richer downside protection.
115
120
125
130
135
140
145
150
155
160
165
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
- 406 / 406
- 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 pointing in the same constructive direction.
Earnings/event positioning matters because it connects the options headline to the actual evidence: $150788 of estimated gross traded notional, calls · 91+ days · itm, and a bullish flow confirms price backdrop. Use it as a research priority signal, then validate the chart, liquidity, event calendar, and risk before acting.
Options pressure+91
1W price+12.2%
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
0.01
Volume divided by open interest across the visible chain.
Trend fit
11/100
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.
Calls · 91+ days · ITM
calls cluster with 21 contracts traded, $83545 estimated gross traded notional, and 55% of visible notional.
$83545
Calls · 8-21 days · ITM
calls cluster with 21 contracts traded, $25830 estimated gross traded notional, and 17% of visible notional.
$25830
Calls · 8-21 days · ATM
calls cluster with 56 contracts traded, $24360 estimated gross traded notional, and 16% of visible notional.
$24360
Calls · 91+ days · OTM
calls cluster with 12 contracts traded, $4190 estimated gross traded notional, and 3% of visible notional.
$4190
Calls · 46-90 days · ATM
calls cluster with 5 contracts traded, $4050 estimated gross traded notional, and 3% of visible notional.
$4050
Setup Classification
Opportunity and risk frame
Expected move or upcoming earnings makes the setup more event-sensitive.
Options positioning is not confirming the underlying trend context.
Call pressure is building while the stock sits above Sharemaestro fair value.
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
Close140.22
1W+12.2%
RS24.1
Fair value+67.2%
Options pressure91
Speculation28
Volatility42
Trend fit11
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 10:58
Bullish
Pressure 72
Move 6.1%
30 Jul 09:35
Mixed
Pressure -1
Move 6.1%
31 Jul 10:16
Bullish
Pressure 100
Move 5.5%
31 Jul 17:33
Bullish
Pressure 49
Move 9.4%
1 Aug 05:52
Bullish
Pressure 91
Move 5.3%
Strike Map
Where activity is clustering
Strike75.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike80.00
Calls · V 0 · OI 0
Puts · V 0 · OI 1
Strike85.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike90.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike95.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike100.00
Calls · V 0 · OI 0
Puts · V 0 · OI 2
Strike105.00
Calls · V 0 · OI 0
Puts · V 0 · OI 3
Strike110.00
Calls · V 0 · OI 0
Puts · V 0 · OI 5
Term Structure
Expiration activity
Expiry21 Aug 2026
Contracts46
Avg IV0.30
Put-call0.06
Expiry18 Sep 2026
Contracts46
Avg IV0.27
Put-call-
Expiry16 Oct 2026
Contracts50
Avg IV0.27
Put-call0.80
Expiry20 Nov 2026
Contracts50
Avg IV0.27
Put-call-
Expiry18 Dec 2026
Contracts60
Avg IV0.26
Put-call-
Skew
Call/put IV balance
21 Aug 2026Balanced skew
Call IV0.31
Put IV0.36
Skew0.05
18 Sep 2026Balanced skew
Call IV0.29
Put IV0.25
Skew-0.04
16 Oct 2026Put IV premium
Call IV0.25
Put IV0.31
Skew0.06
20 Nov 2026Put IV premium
Call IV0.23
Put IV0.31
Skew0.08
18 Dec 2026Put IV premium
Call IV0.23
Put IV0.30
Skew0.07
Contract Tape
Most active contracts
ContractDAC260821C00140000
SideCall
Expiry21 Aug 2026
Strike140.00
Volume56
OI520
IV0.25
ContractDAC260821C00135000
SideCall
Expiry21 Aug 2026
Strike135.00
Volume14
OI276
IV0.23
ContractDAC270319C00100000
SideCall
Expiry19 Mar 2027
Strike100.00
Volume14
OI-
IV0.01
ContractDAC260821C00155000
SideCall
Expiry21 Aug 2026
Strike155.00
Volume10
OI10
IV0.14
ContractDAC261218C00110000
SideCall
Expiry18 Dec 2026
Strike110.00
Volume7
OI35
IV0.01
ContractDAC260821C00120000
SideCall
Expiry21 Aug 2026
Strike120.00
Volume7
OI2
IV0.01
ContractDAC270319C00175000
SideCall
Expiry19 Mar 2027
Strike175.00
Volume6
OI15
IV0.21
ContractDAC261218C00150000
SideCall
Expiry18 Dec 2026
Strike150.00
Volume5
OI43
IV0.23
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.