Primary read
Mixed
Options-market disagreement
Ticker Options Intelligence
CHTR options intelligence
Charter Communications Inc options pressure, expected move, strike concentration, and Sharemaestro trend context.
Conviction
34
Market data through 31 Jul 2026
Checked 1 Aug 2026 12:32 · complete available chain
Options-market disagreement
Mixed pressure
CHTR currently carries mixed options pressure with a 34/100 conviction score. The nearest-chain expected move is 6.7%, with volume/open-interest participation at 0.03.
Expected move
6.7%
Wider near-term move priced
Activity / OI
0.03
Current volume is quieter versus prior open interest
Put-call
1.19
Balanced tape
Trend fit
64
Options agree with trend context
Weekly backdrop
+17.6%
RS -36.6
Expected move
6.7%
Put-call volume
1.19
Volume / OI
0.03
Reference IV
0.59
Max pain
140.00
Underlying
144.98
Nearest expiry
7 Aug 2026
Contracts
1822
Research Brief
CHTR has a mixed chain read with 34/100 evidence alignment.
The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 135.28–154.68; The largest call open-interest concentration is 150.00; the largest put concentration is 160.00. The most active strike by current volume is 140.00.
Priced range135.28–154.68
Call concentration150.00
Put concentration160.00
Max pain reference140.00
- A clear directional pressure reading develops and price begins to agree.
- The current chain read already agrees with the stored weekly trend context.
- Volatility falls and the chain remains directionally mixed.
Priced Move
Where the chain says movement becomes exceptional
Options imply 135.28 to 154.68. Max pain at 140.00 sits inside that range, 3.4% below spot.
Spot
Max pain
135.28144.98 ± 9.70154.68
Confirmation level
A close beyond 154.68 or below 135.28 at the 7 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 34/100
Pressure is 3/100 toward puts; conviction uses its strength, while the signal label carries its direction.
Directional pressure3 × 42%
+1.2
How strongly activity leans toward calls or puts.
Participation41 × 22%
+9.0
Volume relative to existing open interest and contract-level activity.
Trend agreement64 × 26%
+16.6
How closely the chain read agrees with the underlying trend backdrop.
Volatility68 × 10%
+6.8
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 150.00; the largest put concentration is 160.00. 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
194
110.00-24.1%
15
33
120.00-17.2%
86
117
130.00-10.3%
16
52
135.00-6.9%
43
18
136.00-6.2%
213
57
139.00-4.1%
32
215
140.00-3.4%
261
77
141.00-2.7%
34
10
144.00-0.7%
84
102
147.001.4%
11
19
150.003.5%
549
2
155.006.9%
59
292
160.0010.4%
52
2
165.0013.8%
11
0
200.0038.0%
344
0
210.0044.8%
103
0
260.0079.3%
103
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.
0.59
7 Aug
7d
0.57
14 Aug
14d
0.56
21 Aug
21d
0.59
28 Aug
28d
0.55
4 Sep
35d
0.57
11 Sep
42d
0.57
18 Sep
49d
0.58
16 Oct
77d
Volatility by Strike
Upside optionality premium
Out-of-the-money calls carry higher implied volatility than comparable puts, indicating richer upside optionality.
116
118
120
122
125
127
129
131
133
135
138
140
142
144
146
148
150
158
163
168
173
Put IV Call IV
Historical Replay
How matured reads behaved through expiry
Forward validation is building. The earliest eligible stored read expires 31 Jul 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
- 1822 / 1822
- 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
Multi-expiry position-maintenance candidate
Activity is spread across expirations with heavier open interest than current volume, which can be consistent with position maintenance.
The options read is mixed, so divergence is not strong enough to classify.
Multi-expiry position-maintenance candidate matters because it connects the options headline to the actual evidence: $4.3M of estimated gross traded notional, puts · 22-45 days · otm, and a no clean flow/price divergence backdrop. Use it as a research priority signal, then validate the chart, liquidity, event calendar, and risk before acting.
Options pressure-3
1W price+17.6%
Call premium51%
Put premium49%
Notional split
C 51% / P 49%
Estimated gross traded notional uses volume × contract multiplier × midpoint, or last price when no valid midpoint is available.
Freshness
0.03
Volume divided by open interest across the visible chain.
Trend fit
64/100
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.
Roll detection is conservative because opening and closing legs are not directly observable in this snapshot.
Puts · 22-45 days · OTM
puts cluster with 2931 contracts traded, $1.3M estimated gross traded notional, and 31% of visible notional.
$1.3M
Calls · 91+ days · OTM
calls cluster with 440 contracts traded, $752090 estimated gross traded notional, and 18% of visible notional.
$752090
Calls · 46-90 days · OTM
calls cluster with 1127 contracts traded, $430596 estimated gross traded notional, and 10% of visible notional.
$430596
Calls · 0-7 days · ITM
calls cluster with 250 contracts traded, $205315 estimated gross traded notional, and 5% of visible notional.
$205315
Puts · 8-21 days · ATM
puts cluster with 232 contracts traded, $198748 estimated gross traded notional, and 5% of visible notional.
$198748
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.
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
Close144.98
1W+17.6%
RS-36.6
Fair value-52.5%
Options pressure-3
Speculation41
Volatility68
Trend fit64
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 10:19
Mixed
Pressure 12
Move 5.5%
30 Jul 10:13
Volatility
Pressure -20
Move 6.2%
31 Jul 10:06
Volatility
Pressure -55
Move 15.4%
31 Jul 16:41
Volatility
Pressure -20
Move 17.8%
31 Jul 17:32
Volatility
Pressure -21
Move 18.2%
31 Jul 20:01
Mixed
Pressure -16
Move 18.7%
31 Jul 23:25
Mixed
Pressure -14
Move 18.4%
1 Aug 02:07
Mixed
Pressure 1
Move 9.1%
Strike Map
Where activity is clustering
Strike65.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike70.00
Calls · V 0 · OI 28
Puts · V 0 · OI 0
Strike75.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike80.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike85.00
Calls · V 0 · OI 0
Puts · V 0 · OI 43
Strike90.00
Calls · V 0 · OI 0
Puts · V 0 · OI 8
Strike95.00
Calls · V 0 · OI 0
Puts · V 0 · OI 21
Strike98.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Term Structure
Expiration activity
Expiry7 Aug 2026
Contracts176
Avg IV0.59
Put-call0.32
Expiry14 Aug 2026
Contracts164
Avg IV0.57
Put-call0.37
Expiry21 Aug 2026
Contracts158
Avg IV0.56
Put-call1.44
Expiry28 Aug 2026
Contracts144
Avg IV0.59
Put-call5.86
Expiry4 Sep 2026
Contracts142
Avg IV0.55
Put-call40.31
Skew
Call/put IV balance
7 Aug 2026Call IV premium
Call IV0.61
Put IV0.53
Skew-0.08
14 Aug 2026Put IV premium
Call IV0.54
Put IV0.69
Skew0.15
21 Aug 2026Balanced skew
Call IV0.57
Put IV0.56
Skew-0.01
28 Aug 2026Put IV premium
Call IV0.59
Put IV0.71
Skew0.12
4 Sep 2026Put IV premium
Call IV0.54
Put IV0.62
Skew0.08
Contract Tape
Most active contracts
ContractCHTR260904P00139000
SidePut
Expiry4 Sep 2026
Strike139.00
Volume347
OI-
IV0.55
ContractCHTR260904P00130000
SidePut
Expiry4 Sep 2026
Strike130.00
Volume338
OI9
IV0.62
ContractCHTR260918C00195000
SideCall
Expiry18 Sep 2026
Strike195.00
Volume300
OI185
IV0.56
ContractCHTR260814C00157500
SideCall
Expiry14 Aug 2026
Strike157.50
Volume293
OI22
IV0.54
ContractCHTR260904P00140000
SidePut
Expiry4 Sep 2026
Strike140.00
Volume285
OI1
IV0.50
ContractCHTR260904P00127000
SidePut
Expiry4 Sep 2026
Strike127.00
Volume261
OI1
IV0.65
ContractCHTR260904P00129000
SidePut
Expiry4 Sep 2026
Strike129.00
Volume259
OI23
IV0.59
ContractCHTR260904P00128000
SidePut
Expiry4 Sep 2026
Strike128.00
Volume238
OI33
IV0.70
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.