Primary read
Mixed
Options-market disagreement
Ticker Options Intelligence
A options intelligence
Agilent Technologies Inc options pressure, expected move, strike concentration, and Sharemaestro trend context.
Conviction
44
Market data through 31 Jul 2026
Checked 2 Aug 2026 06:20 · complete available chain
Options-market disagreement
Mixed pressure
A currently carries mixed options pressure with a 44/100 conviction score. The nearest-chain expected move is 5.8%, with volume/open-interest participation at 0.02.
Expected move
5.8%
Near-term move context
Activity / OI
0.02
Current volume is quieter versus prior open interest
Put-call
1.50
Put-side skew
Trend fit
93
Options agree with trend context
Weekly backdrop
-0.1%
RS -2.0
Expected move
5.8%
Put-call volume
1.50
Volume / OI
0.02
Reference IV
0.31
Max pain
135.00
Underlying
138.37
Nearest expiry
21 Aug 2026
Contracts
526
Research Brief
A has a mixed chain read with 44/100 evidence alignment.
The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 130.37–146.37; The largest call open-interest concentration is 135.00; the largest put concentration is 140.00. The most active strike by current volume is 140.00.
Priced range130.37–146.37
Call concentration135.00
Put concentration140.00
Max pain reference135.00
- 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 130.37 to 146.37. Max pain at 135.00 sits inside that range, 2.4% below spot.
Spot
Max pain
130.37138.37 ± 8.00146.37
Confirmation level
A close beyond 146.37 or below 130.37 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 44/100
Pressure is 14/100 toward puts; conviction uses its strength, while the signal label carries its direction.
Directional pressure14 × 42%
+6.0
How strongly activity leans toward calls or puts.
Participation40 × 22%
+8.9
Volume relative to existing open interest and contract-level activity.
Trend agreement93 × 26%
+24.2
How closely the chain read agrees with the underlying trend backdrop.
Volatility45 × 10%
+4.5
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 135.00; the largest put concentration is 140.00. 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
20
75.00-45.8%
0
50
85.00-38.6%
0
90
90.00-35.0%
0
30
95.00-31.3%
3
165
100.00-27.7%
4
231
105.00-24.1%
0
49
110.00-20.5%
7
62
115.00-16.9%
46
239
120.00-13.3%
50
108
125.00-9.7%
56
337
130.00-6.0%
278
45
135.00-2.4%
1563
696
140.001.2%
967
1
145.004.8%
301
1
150.008.4%
462
0
155.0012.0%
63
0
160.0015.6%
337
Nearest spot strike Max pain strikeBars show relative OI within this expiry
Volatility Curve
Back-loaded volatility
Longer-dated options carry more implied volatility than the front expiry, so risk is priced farther out.
0.31
21 Aug
21d
0.35
18 Sep
49d
0.33
16 Oct
77d
0.33
20 Nov
112d
0.35
18 Dec
140d
0.34
15 Jan
168d
0.34
19 Feb
203d
0.35
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
- 526 / 526
- 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: $239935 of estimated gross traded notional, calls · 91+ 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-14
1W price-0.1%
Call premium54%
Put premium46%
Notional split
C 54% / P 46%
Estimated gross traded notional uses volume × contract multiplier × midpoint, or last price when no valid midpoint is available.
Freshness
0.02
Volume divided by open interest across the visible chain.
Trend fit
93/100
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.
Calls · 91+ days · OTM
calls cluster with 78 contracts traded, $83150 estimated gross traded notional, and 35% of visible notional.
$83150
Puts · 91+ days · OTM
puts cluster with 62 contracts traded, $47680 estimated gross traded notional, and 20% of visible notional.
$47680
Puts · 46-90 days · OTM
puts cluster with 137 contracts traded, $31698 estimated gross traded notional, and 13% of visible notional.
$31698
Puts · 91+ days · ATM
puts cluster with 20 contracts traded, $24100 estimated gross traded notional, and 10% of visible notional.
$24100
Calls · 46-90 days · ATM
calls cluster with 22 contracts traded, $20580 estimated gross traded notional, and 9% of visible notional.
$20580
Setup Classification
Opportunity and risk frame
Positioning agrees with the Sharemaestro trend backdrop.
Underlying price is close to the max-pain zone.
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
Close138.37
1W-0.1%
RS-2.0
Fair value+7.9%
Options pressure-14
Speculation40
Volatility45
Trend fit93
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 10:12
Mixed
Pressure 18
Move 6.7%
30 Jul 10:07
Mixed
Pressure 8
Move 6.2%
30 Jul 21:28
Mixed
Pressure 17
Move 5.9%
31 Jul 11:07
Mixed
Pressure 6
Move 5.9%
31 Jul 23:13
Mixed
Pressure 6
Move 5.8%
1 Aug 00:01
Mixed
Pressure 6
Move 5.8%
1 Aug 08:43
Mixed
Pressure -14
Move 5.8%
2 Aug 05:20
Mixed
Pressure -14
Move 5.8%
Strike Map
Where activity is clustering
Strike75.00
Calls · V 0 · OI 0
Puts · V 0 · OI 20
Strike80.00
Calls · V 0 · OI 0
Puts · V 1 · OI 15
Strike85.00
Calls · V 0 · OI 0
Puts · V 0 · OI 50
Strike90.00
Calls · V 0 · OI 0
Puts · V 0 · OI 90
Strike95.00
Calls · V 0 · OI 3
Puts · V 0 · OI 30
Strike100.00
Calls · V 0 · OI 4
Puts · V 0 · OI 165
Strike105.00
Calls · V 0 · OI 0
Puts · V 0 · OI 231
Strike110.00
Calls · V 0 · OI 7
Puts · V 0 · OI 49
Term Structure
Expiration activity
Expiry21 Aug 2026
Contracts52
Avg IV0.31
Put-call0.08
Expiry18 Sep 2026
Contracts64
Avg IV0.35
Put-call1.67
Expiry16 Oct 2026
Contracts52
Avg IV0.33
Put-call17.00
Expiry20 Nov 2026
Contracts58
Avg IV0.33
Put-call-
Expiry18 Dec 2026
Contracts62
Avg IV0.35
Put-call-
Skew
Call/put IV balance
21 Aug 2026Balanced skew
Call IV0.30
Put IV0.33
Skew0.03
18 Sep 2026Balanced skew
Call IV0.34
Put IV0.35
Skew0.01
16 Oct 2026Balanced skew
Call IV0.33
Put IV0.35
Skew0.02
20 Nov 2026Balanced skew
Call IV0.32
Put IV0.35
Skew0.03
18 Dec 2026Balanced skew
Call IV0.33
Put IV0.36
Skew0.03
Contract Tape
Most active contracts
ContractA261016P00120000
SidePut
Expiry16 Oct 2026
Strike120.00
Volume112
OI1
IV0.37
ContractA260821C00140000
SideCall
Expiry21 Aug 2026
Strike140.00
Volume38
OI967
IV0.30
ContractA270319C00150000
SideCall
Expiry19 Mar 2027
Strike150.00
Volume37
OI31
IV0.35
ContractA270319P00120000
SidePut
Expiry19 Mar 2027
Strike120.00
Volume27
OI97
IV0.37
ContractA270319P00135000
SidePut
Expiry19 Mar 2027
Strike135.00
Volume20
OI11
IV0.36
ContractA270319P00125000
SidePut
Expiry19 Mar 2027
Strike125.00
Volume18
OI122
IV0.36
ContractA270319C00155000
SideCall
Expiry19 Mar 2027
Strike155.00
Volume17
OI16
IV0.34
ContractA260918C00135000
SideCall
Expiry18 Sep 2026
Strike135.00
Volume16
OI630
IV0.36
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.