Ticker Options Intelligence

CWEN options intelligence

Clearway Energy Inc Class C options pressure, expected move, strike concentration, and Sharemaestro trend context.

Conviction 39 Market data through 31 Jul 2026 Checked 2 Aug 2026 06:00 · complete available chain

Call-side pressure

Bullish pressure

CWEN currently carries bullish options pressure with a 39/100 conviction score. The nearest-chain expected move is 8.9%, with volume/open-interest participation at 0.00.

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

Call-side pressure

Expected move 8.9%

Wider near-term move priced

Activity / OI 0.00

Current volume is quieter versus prior open interest

Put-call 0.21

Call-side skew

Trend fit 0

Options are not fully confirming trend

Weekly backdrop -1.1%

RS -14.8

Expected move 8.9%
Put-call volume 0.21
Volume / OI 0.00
Reference IV 0.48
Max pain 35.00
Underlying 31.73
Nearest expiry 21 Aug 2026
Contracts 106

Research Brief

CWEN has a bullish chain read with 39/100 evidence alignment.

The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 28.90–34.56; The largest call open-interest concentration is 40.00; the largest put concentration is 30.00. The most active strike by current volume is 30.00.

Priced range28.90–34.56
Call concentration40.00
Put concentration30.00
Max pain reference35.00
What would confirm it
  • Price holds or improves while call-side concentration remains elevated.
What would weaken it
  • 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

Size, not direction · through 21 Aug

Options imply 28.90 to 34.56. Max pain at 35.00 lies outside the priced range, so it is a weak near-term anchor.

Spot Max pain
28.9031.73 ± 2.8334.56
Confirmation level

A close beyond 34.56 or below 28.90 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 39/100

Evidence alignment, not probability

Pressure is 75/100 toward calls; conviction uses its strength, while the signal label carries its direction.

Directional pressure75 × 42%
+31.6

How strongly activity leans toward calls or puts.

Participation1 × 22%
+0.3

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.

Volatility69 × 10%
+6.9

The intensity of implied volatility and the priced move.

Reconstructed score38.9Matches stored calculation

Positioning by Strike

Where open interest and current activity concentrate

Full strike map

The largest call open-interest concentration is 40.00; the largest put concentration is 30.00. The most active strike by current volume is 30.00. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.

Put open interestStrikeCall open interest
0
17.50-44.8%
0
0
20.00-37.0%
0
68
22.50-29.1%
0
19
25.00-21.2%
0
333
30.00-5.5%
28
68
35.0010.3%
212
25
40.0026.1%
1480
0
45.0041.8%
554
0
50.0057.6%
83
0
55.0073.3%
12
Nearest spot strike Max pain strikeBars show relative OI within this expiry

Volatility Curve

Front-loaded volatility

1.31× front/back

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

0.48 21 Aug 21d
0.45 18 Sep 49d
0.40 20 Nov 112d
0.39 18 Dec 140d
0.37 19 Feb 203d

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.

30
35
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

A100/100
Retained chain100%
Implied volatility100%
Two-sided quotes100%
Open interest100%
Chain status
Complete available chain
Market date
31 Jul 2026
Calculation
v2.0
Contracts
106 / 106
  • 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

75/100
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 Bullish flow against weak price

Options are leaning call-side while the stock is down on the week, a divergence that needs price confirmation.

Why this matters

Earnings/event positioning matters because it connects the options headline to the actual evidence: $4260 of estimated gross traded notional, calls · 91+ days · otm, and a bullish flow against weak price backdrop. Use it as a research priority signal, then validate the chart, liquidity, event calendar, and risk before acting.

Options pressure+75
1W price-1.1%
Call premium73%
Put premium27%
Notional split C 73% / P 27% Estimated gross traded notional uses volume × contract multiplier × midpoint, or last price when no valid midpoint is available.
Freshness 0.00 Volume divided by open interest across the visible chain.
Trend fit 0/100 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.
Conviction clusters Calls · 91+ days · OTM
Calls · 91+ days · OTM calls cluster with 33 contracts traded, $2298 estimated gross traded notional, and 54% of visible notional.
$2298
Puts · 91+ days · OTM puts cluster with 5 contracts traded, $925 estimated gross traded notional, and 22% of visible notional.
$925
Calls · 8-21 days · ITM calls cluster with 3 contracts traded, $705 estimated gross traded notional, and 17% of visible notional.
$705
Puts · 46-90 days · OTM puts cluster with 3 contracts traded, $245 estimated gross traded notional, and 6% of visible notional.
$245
Calls · 46-90 days · OTM calls cluster with 1 contracts traded, $52 estimated gross traded notional, and 1% of visible notional.
$52

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
Close31.73
1W-1.1%
RS-14.8
Fair value+16.0%
Options pressure75
Speculation1
Volatility69
Trend fit0

Today Versus Normal

Stored-options context

View history
Expected move 8.9% history building
30d avg - · 3/10 sessions -
90d avg - · 3/30 sessions -
180d avg - · 3/60 sessions -
IV 0.48 history building
30d avg - · 3/10 sessions -
90d avg - · 3/30 sessions -
180d avg - · 3/60 sessions -
Put-call 0.21 history building
30d avg - · 3/10 sessions -
90d avg - · 3/30 sessions -
180d avg - · 3/60 sessions -
Volume/OI 0.00 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 10:28 Bullish
Pressure 86
Move 9.1%
30 Jul 10:23 Bullish
Pressure 42
Move 8.6%
31 Jul 10:20 Bullish
Pressure 85
Move 8.7%
2 Aug 05:00 Bullish
Pressure 75
Move 8.9%

Strike Map

Where activity is clustering

Full strike map
Strike17.50
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike20.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike22.50
Calls · V 0 · OI 0
Puts · V 0 · OI 68
Strike25.00
Calls · V 0 · OI 0
Puts · V 0 · OI 19
Strike30.00
Calls · V 3 · OI 28
Puts · V 0 · OI 333
Strike35.00
Calls · V 1 · OI 212
Puts · V 0 · OI 68
Strike40.00
Calls · V 0 · OI 1480
Puts · V 0 · OI 25
Strike45.00
Calls · V 0 · OI 554
Puts · V 0 · OI 0

Term Structure

Expiration activity

Volume and IV
Expiry21 Aug 2026
Contracts20
Avg IV0.48
Put-call-
Expiry18 Sep 2026
Contracts22
Avg IV0.45
Put-call3.00
Expiry20 Nov 2026
Contracts22
Avg IV0.40
Put-call0.36
Expiry18 Dec 2026
Contracts22
Avg IV0.39
Put-call-
Expiry19 Feb 2027
Contracts20
Avg IV0.37
Put-call-

Skew

Call/put IV balance

OTM demand
21 Aug 2026Call IV premium
Call IV0.44
Put IV0.39
Skew-0.06
18 Sep 2026Put IV premium
Call IV0.34
Put IV0.42
Skew0.09
20 Nov 2026Balanced skew
Call IV0.38
Put IV0.41
Skew0.03
18 Dec 2026Put IV premium
Call IV0.34
Put IV0.41
Skew0.07
19 Feb 2027Put IV premium
Call IV0.33
Put IV0.42
Skew0.10

Contract Tape

Most active contracts

Full contract tape
ContractCWEN261120C00040000
SideCall
Expiry20 Nov 2026
Strike40.00
Volume14
OI2804
IV0.38
ContractCWEN270219C00040000
SideCall
Expiry19 Feb 2027
Strike40.00
Volume12
OI943
IV0.33
ContractCWEN270219C00045000
SideCall
Expiry19 Feb 2027
Strike45.00
Volume6
OI37
IV0.36
ContractCWEN261120P00030000
SidePut
Expiry20 Nov 2026
Strike30.00
Volume5
OI371
IV0.41
ContractCWEN260821C00030000
SideCall
Expiry21 Aug 2026
Strike30.00
Volume3
OI28
IV0.42
ContractCWEN260918P00030000
SidePut
Expiry18 Sep 2026
Strike30.00
Volume2
OI169
IV0.42
ContractCWEN260918C00035000
SideCall
Expiry18 Sep 2026
Strike35.00
Volume1
OI640
IV0.34
ContractCWEN260821C00035000
SideCall
Expiry21 Aug 2026
Strike35.00
Volume1
OI212
IV0.44