Primary read
Bullish
Call-side pressure
Ticker Options Intelligence
A options intelligence
Agilent Technologies Inc options pressure, expected move, strike concentration, and Sharemaestro trend context.
Conviction
49
Market data through 21 Sep 2026
Checked 22 Sep 2026 03:55 · complete available chain
Call-side pressure
Bullish pressure
A currently carries bullish options pressure with a 49/100 conviction score. The nearest-chain expected move is 8.4%, with volume/open-interest participation at 0.17.
Expected move
8.4%
Wider near-term move priced
Activity / OI
0.17
Current volume is quieter versus prior open interest
Put-call
0.30
Call-side skew
Trend fit
38
Options are not fully confirming trend
Weekly backdrop
+6.5%
RS 8.1
Expected move
8.4%
Put-call volume
0.30
Volume / OI
0.17
Reference IV
0.33
Max pain
150.00
Underlying
156.47
Nearest expiry
16 Oct 2026
Contracts
638
Research Brief
A has a bullish chain read with 49/100 evidence alignment.
The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 143.40–169.54; The largest call open-interest concentration is 160.00; the largest put concentration is 140.00. The most active strike by current volume is 165.00.
Priced range143.40–169.54
Call concentration160.00
Put concentration140.00
Max pain reference150.00
- Price holds or improves while call-side concentration remains elevated.
- Participation is above the ticker's stored normal, which makes the read more noteworthy.
- Price weakens while call pressure fades or reverses toward puts.
- Options and the weekly trend are not yet giving the same message.
Priced Move
Where the chain says movement becomes exceptional
Options imply 143.40 to 169.54. Max pain at 150.00 sits inside that range, 4.1% below spot.
Spot
Max pain
143.40156.47 ± 13.07169.54
Confirmation level
A close beyond 169.54 or below 143.40 at the 16 Oct 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 49/100
Pressure is 57/100 toward calls; conviction uses its strength, while the signal label carries its direction.
Directional pressure57 × 42%
+23.7
How strongly activity leans toward calls or puts.
Participation44 × 22%
+9.6
Volume relative to existing open interest and contract-level activity.
Trend agreement38 × 26%
+9.8
How closely the chain read agrees with the underlying trend backdrop.
Volatility56 × 10%
+5.6
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 160.00; the largest put concentration is 140.00. The most active strike by current volume is 165.00. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.
Put open interestStrikeCall open interest
0
95.00-39.3%
5
3
100.00-36.1%
0
3
105.00-32.9%
0
9
115.00-26.5%
1
117
120.00-23.3%
0
9
125.00-20.1%
2
62
130.00-16.9%
14
85
135.00-13.7%
23
4149
140.00-10.5%
128
94
145.00-7.3%
49
713
150.00-4.1%
103
61
155.00-0.9%
159
126
160.002.3%
968
0
165.005.5%
481
0
170.008.6%
93
0
175.0011.8%
616
0
180.0015.0%
29
Nearest spot strike Max pain strikeBars show relative OI within this expiry
Gamma Profile by Strike
Positive gamma proxy
Call-side gamma sensitivity outweighs the put-side proxy across the retained chain. The largest bars mark levels where delta-hedging sensitivity may be most concentrated.
Net profile+$2.2MDelta change / 1% move
Positive peak160.00+$960,562
Negative peak140.00-$759,436
Nearest balance152.27Interpolated sign change
StrikeNegativePositiveNet / 1% move
105.00-32.9%
-$8,665
110.00-29.7%
+$29,826
115.00-26.5%
-$1,585
120.00-23.3%
-$10,249
125.00-20.1%
-$37,607
130.00-16.9%
-$4,751
135.00-13.7%
-$46,239
140.00-10.5%
-$759,436
145.00-7.3%
-$433
150.00-4.1%
-$132,109
155.00-0.9%
+$158,580
160.002.3%
+$960,562
165.005.5%
+$667,398
170.008.6%
+$307,488
175.0011.8%
+$407,738
180.0015.0%
+$78,529
185.0018.2%
+$78,481
190.0021.4%
+$417,910
195.0024.6%
+$28,713
200.0027.8%
+$18,899
210.0034.2%
+$7,669
Positive call-side proxy Negative put-side proxyHighlighted row is nearest spot strike
Scenario proxy = gamma × open interest × 100 shares × spot² × 1%. Calls are positive and puts negative by convention. Missing Greeks use a Black-Scholes estimate from stored IV with zero rate and dividend assumptions. Open interest does not reveal who is long or short, so this is not observed dealer positioning or a forecast.
Volatility Curve
Balanced volatility curve
Near- and longer-dated implied volatility are broadly aligned; no exceptional front-expiry premium is visible.
0.33
16 Oct
25d
0.31
20 Nov
60d
0.35
18 Dec
88d
0.34
15 Jan
116d
0.33
19 Feb
151d
0.35
19 Mar
179d
0.34
21 May
242d
0.35
17 Jun
269d
Volatility by Strike
Downside protection premium
Out-of-the-money puts carry higher implied volatility than comparable calls, indicating richer downside protection.
130
135
140
145
150
155
160
165
170
175
180
185
Put IV Call IV
Historical Replay
How matured reads behaved through expiry
Across 23 stored directional transitions, the next stored price moved in the labelled direction 61% of the time.
Directional follow-through61%
Moves contained by pricing38%
Average expiry move7.4%
17 Sep
Bullish · 45
6.5% through expiry
7.6% priced · v2.0
15 Sep
Bullish · 42
6.5% through expiry
4.1% priced · v2.0
11 Sep
Bullish · 45
6.5% through expiry
3.4% priced · v2.0
10 Sep
Bullish · 40
3.7% through expiry
5.3% priced · v2.0
9 Sep
Mixed · 43
3.7% through expiry
4.6% priced · v2.0
8 Sep
Bearish · 46
3.7% through expiry
4.3% priced · v2.0
4 Sep
Bullish · 48
3.7% through expiry
4.3% priced · v2.0
2 Sep
Bearish · 53
1.7% through expiry
4.7% priced · v2.0
31 Aug
Bullish · 44
1.7% through expiry
5.0% priced · v2.0
28 Aug
Bullish · 46
1.7% through expiry
5.1% priced · v2.0
25 Aug
Mixed · 42
-1.6% through expiry
8.6% priced · v2.0
24 Aug
Bullish · 52
-1.6% through expiry
8.6% priced · v2.0
Eligible snapshots must have a dated market session, stored signal, and point-in-time market reference. Each observation uses one read per market session and the first stored weekly close on or immediately after expiry; its original calculation version is retained. It is an evidence audit, not an executable strategy or evidence of future performance.
Evidence Quality
Usable with limits
Retained chain100%
Implied volatility100%
Two-sided quotes100%
Open interest100%
- Chain status
- Complete available chain
- Market date
- 21 Sep 2026
- Calculation
- v2.0
- Contracts
- 638 / 638
- 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.
Options pressure and weekly price action are pointing in the same constructive direction.
Multi-expiry position-maintenance candidate matters because it connects the options headline to the actual evidence: $1.6M of estimated gross traded notional, calls · 22-45 days · otm, 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+57
1W price+6.5%
Call premium84%
Put premium16%
Notional split
C 84% / P 16%
Estimated gross traded notional uses volume × contract multiplier × midpoint, or last price when no valid midpoint is available.
Freshness
0.17
Volume divided by open interest across the visible chain.
Trend fit
38/100
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 · 22-45 days · OTM
calls cluster with 1967 contracts traded, $652,272 estimated gross traded notional, and 42% of visible notional.
$652,272
Calls · 46-90 days · OTM
calls cluster with 524 contracts traded, $222,640 estimated gross traded notional, and 14% of visible notional.
$222,640
Puts · 22-45 days · ATM
puts cluster with 654 contracts traded, $166,170 estimated gross traded notional, and 11% of visible notional.
$166,170
Calls · 22-45 days · ATM
calls cluster with 197 contracts traded, $138,985 estimated gross traded notional, and 9% of visible notional.
$138,985
Calls · 46-90 days · ATM
calls cluster with 83 contracts traded, $92,590 estimated gross traded notional, and 6% of visible notional.
$92,590
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.
Call pressure is building while the stock sits above Sharemaestro fair value.
Activity Anomaly
Above normal
Activity is running above the recent historical baseline.
Baseline: 31 completed sessions
Volume rank97th
Volume/OI rank97th
IV rank58th
Market Context
Underlying confirmation
Close156.47
1W+6.5%
RS8.1
Fair value+20.6%
Options pressure57
Speculation44
Volatility56
Trend fit38
Today Versus Normal
Stored-options context
30d avg 5.5% · 12 sessions
83th
90d avg 5.2% · 31 sessions
90th
180d avg - · 31/60 sessions
-
30d avg 0.33 · 12 sessions
58th
90d avg 0.34 · 31 sessions
58th
180d avg - · 31/60 sessions
-
30d avg 1.15 · 12 sessions
25th
90d avg 1.35 · 31 sessions
16th
180d avg - · 31/60 sessions
-
30d avg 0.06 · 12 sessions
92th
90d avg 0.04 · 31 sessions
97th
180d avg - · 31/60 sessions
-
Pressure Trail
Recent pressure and volatility
13 Aug 10:25
Bearish
Pressure -74
Move 4.5%
14 Aug 10:23
Bullish
Pressure 44
Move 4.3%
17 Aug 10:23
Bullish
Pressure 39
Move 3.0%
18 Aug 10:45
Bullish
Pressure 75
Move 2.5%
19 Aug 08:29
Bullish
Pressure 75
Move 2.5%
19 Aug 20:59
Mixed
Pressure -7
Move 4.1%
20 Aug 05:20
Mixed
Pressure 0
Move 4.1%
21 Aug 12:08
Bearish
Pressure -24
Move 4.3%
Strike Map
Where activity is clustering
Strike65.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike70.00
Calls · V 0 · OI 0
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 0
Strike90.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike95.00
Calls · V 0 · OI 5
Puts · V 0 · OI 0
Strike100.00
Calls · V 0 · OI 0
Puts · V 0 · OI 3
Term Structure
Expiration activity
Expiry16 Oct 2026
Contracts58
Avg IV0.33
Put-call0.34
Expiry20 Nov 2026
Contracts58
Avg IV0.31
Put-call0.19
Expiry18 Dec 2026
Contracts62
Avg IV0.35
Put-call0.15
Expiry15 Jan 2027
Contracts64
Avg IV0.34
Put-call0.10
Expiry19 Feb 2027
Contracts58
Avg IV0.33
Put-call-
Skew
Call/put IV balance
16 Oct 2026Balanced skew
Call IV0.31
Put IV0.33
Skew0.02
20 Nov 2026Balanced skew
Call IV0.30
Put IV0.33
Skew0.03
18 Dec 2026Balanced skew
Call IV0.35
Put IV0.36
Skew0.01
15 Jan 2027Put IV premium
Call IV0.31
Put IV0.37
Skew0.06
19 Feb 2027Balanced skew
Call IV0.30
Put IV0.35
Skew0.05
Contract Tape
Most active contracts
ContractA261016C00165000
SideCall
Expiry16 Oct 2026
Strike165.00
Volume1402
OI481
IV0.31
ContractA261016P00155000
SidePut
Expiry16 Oct 2026
Strike155.00
Volume648
OI61
IV0.33
ContractA261016C00175000
SideCall
Expiry16 Oct 2026
Strike175.00
Volume313
OI616
IV0.28
ContractA261120C00180000
SideCall
Expiry20 Nov 2026
Strike180.00
Volume309
OI38
IV0.30
ContractA261016C00170000
SideCall
Expiry16 Oct 2026
Strike170.00
Volume247
OI93
IV0.31
ContractA261016C00160000
SideCall
Expiry16 Oct 2026
Strike160.00
Volume162
OI968
IV0.30
ContractA261120C00165000
SideCall
Expiry20 Nov 2026
Strike165.00
Volume115
OI168
IV0.31
ContractA261120P00160000
SidePut
Expiry20 Nov 2026
Strike160.00
Volume81
OI7
IV0.32
Research Graph
Related research and context
Sharemaestro research
Related News
Market Watch
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.