Primary read
Bullish
Call-side pressure
Ticker Options Intelligence
PCOR options intelligence
Procore Technologies Inc options pressure, expected move, strike concentration, and Sharemaestro trend context.
Conviction
45
Market data through 4 Aug 2026
Checked 5 Aug 2026 03:22 · complete available chain
Call-side pressure
Bullish pressure
PCOR currently carries bullish options pressure with a 45/100 conviction score. The nearest-chain expected move is 10.7%, with volume/open-interest participation at 0.01.
Expected move
10.7%
Wider near-term move priced
Activity / OI
0.01
Current volume is quieter versus prior open interest
Put-call
0.35
Call-side skew
Trend fit
13
Options are not fully confirming trend
Weekly backdrop
+27.9%
RS -17.8
Expected move
10.7%
Put-call volume
0.35
Volume / OI
0.01
Reference IV
0.65
Max pain
45.00
Underlying
54.77
Nearest expiry
21 Aug 2026
Contracts
162
Research Brief
PCOR has a bullish chain read with 45/100 evidence alignment.
The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 48.89–60.65; The largest call open-interest concentration is 60.00; the largest put concentration is 45.00. The most active strike by current volume is 57.50.
Priced range48.89–60.65
Call concentration60.00
Put concentration45.00
Max pain reference45.00
- 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.
Priced Move
Where the chain says movement becomes exceptional
Options imply 48.89 to 60.65. Max pain at 45.00 lies outside the priced range, so it is a weak near-term anchor.
Spot
Max pain
48.8954.77 ± 5.8860.65
Confirmation level
A close beyond 60.65 or below 48.89 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 45/100
Pressure is 57/100 toward calls; conviction uses its strength, while the signal label carries its direction.
Directional pressure57 × 42%
+23.9
How strongly activity leans toward calls or puts.
Participation40 × 22%
+8.9
Volume relative to existing open interest and contract-level activity.
Trend agreement13 × 26%
+3.3
How closely the chain read agrees with the underlying trend backdrop.
Volatility85 × 10%
+8.5
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 60.00; the largest put concentration is 45.00. The most active strike by current volume is 57.50. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.
Put open interestStrikeCall open interest
1
22.50-58.9%
0
2
25.00-54.4%
0
0
27.50-49.8%
0
7
30.00-45.2%
0
50
32.50-40.7%
0
60
35.00-36.1%
0
7
37.50-31.5%
1
26
40.00-27.0%
9
51
42.50-22.4%
2
618
45.00-17.8%
172
38
47.50-13.3%
15
20
50.00-8.7%
132
0
52.50-4.1%
114
0
55.000.4%
199
0
57.505.0%
10
0
60.009.5%
259
11
65.0018.7%
68
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+$488,047Delta change / 1% move
Positive peak75.00+$179,968
Negative peak40.00-$5,304
Nearest balance47.01Interpolated sign change
StrikeNegativePositiveNet / 1% move
25.00-54.4%
+$494
27.50-49.8%
+$121
30.00-45.2%
-$726
32.50-40.7%
-$485
35.00-36.1%
-$2,384
37.50-31.5%
-$2,971
40.00-27.0%
-$5,304
42.50-22.4%
-$965
45.00-17.8%
-$1,246
47.50-13.3%
+$307
50.00-8.7%
+$8,694
52.50-4.1%
+$24,820
55.000.4%
+$58,009
57.505.0%
+$3,970
60.009.5%
+$66,597
62.5014.1%
+$1,191
65.0018.7%
+$16,306
67.5023.2%
+$6,270
70.0027.8%
+$104,376
75.0036.9%
+$179,968
80.0046.1%
+$30,903
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.
0.65
21 Aug
17d
0.61
18 Sep
45d
0.60
16 Oct
73d
0.60
15 Jan
164d
Volatility by Strike
Downside protection premium
Out-of-the-money puts carry higher implied volatility than comparable calls, indicating richer downside protection.
45
48
50
53
55
58
60
65
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
- Auditable calculationoriginal version retained
- Independent entryone read per market session
- Point-in-time referencerequired at entry
- Matched expiry closereported only after maturity
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
High
Retained chain100%
Implied volatility100%
Two-sided quotes100%
Open interest100%
- Chain status
- Complete available chain
- Market date
- 4 Aug 2026
- Calculation
- v2.0
- Contracts
- 162 / 162
- 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
Short-dated OTM call concentration
Call activity is concentrated in upside and shorter-dated contracts; trade direction remains unconfirmed without aggressor data.
Options pressure and weekly price action are pointing in the same constructive direction.
Short-dated OTM call concentration matters because it connects the options headline to the actual evidence: $37,895 of estimated gross traded notional, calls · 8-21 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+27.9%
Call premium79%
Put premium21%
Notional split
C 79% / P 21%
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
13/100
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.
Calls · 8-21 days · OTM
calls cluster with 59 contracts traded, $12,878 estimated gross traded notional, and 34% of visible notional.
$12,878
Calls · 22-45 days · OTM
calls cluster with 25 contracts traded, $7,688 estimated gross traded notional, and 20% of visible notional.
$7,688
Puts · 91+ days · ITM
puts cluster with 5 contracts traded, $6,800 estimated gross traded notional, and 18% of visible notional.
$6,800
Calls · 46-90 days · ATM
calls cluster with 5 contracts traded, $3,275 estimated gross traded notional, and 9% of visible notional.
$3,275
Calls · 8-21 days · ATM
calls cluster with 7 contracts traded, $2,485 estimated gross traded notional, and 7% of visible notional.
$2,485
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.
Options positioning is not confirming the underlying trend context.
Activity Anomaly
Warming up
5 of 10 completed market sessions are available. More session history is needed before activity can be compared with a reliable normal.
Baseline: 5 completed sessions
Volume rank-
Volume/OI rank-
IV rank-
Market Context
Underlying confirmation
Close54.77
1W+27.9%
RS-17.8
Fair value-16.7%
Options pressure57
Speculation40
Volatility85
Trend fit13
Today Versus Normal
Stored-options context
30d avg - · 5/10 sessions
-
90d avg - · 5/30 sessions
-
180d avg - · 5/60 sessions
-
30d avg - · 5/10 sessions
-
90d avg - · 5/30 sessions
-
180d avg - · 5/60 sessions
-
30d avg - · 5/10 sessions
-
90d avg - · 5/30 sessions
-
180d avg - · 5/60 sessions
-
30d avg - · 5/10 sessions
-
90d avg - · 5/30 sessions
-
180d avg - · 5/60 sessions
-
Pressure Trail
Recent pressure and volatility
29 Jul 10:33
Volatility
Pressure 100
Move 21.0%
30 Jul 10:31
Mixed
Pressure -3
Move 26.3%
31 Jul 02:19
Bullish
Pressure 100
Move 10.4%
2 Aug 23:59
Volatility
Pressure 100
Move 11.4%
4 Aug 10:50
Volatility
Pressure 87
Move 11.3%
4 Aug 14:34
Bullish
Pressure 58
Move 15.1%
5 Aug 00:17
Volatility
Pressure 62
Move 15.2%
5 Aug 02:22
Bullish
Pressure 57
Move 10.7%
Strike Map
Where activity is clustering
Strike22.50
Calls · V 0 · OI 0
Puts · V 0 · OI 1
Strike25.00
Calls · V 0 · OI 0
Puts · V 0 · OI 2
Strike27.50
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike30.00
Calls · V 0 · OI 0
Puts · V 0 · OI 7
Strike32.50
Calls · V 0 · OI 0
Puts · V 0 · OI 50
Strike35.00
Calls · V 0 · OI 0
Puts · V 2 · OI 60
Strike37.50
Calls · V 0 · OI 1
Puts · V 0 · OI 7
Strike40.00
Calls · V 0 · OI 9
Puts · V 0 · OI 26
Term Structure
Expiration activity
Expiry21 Aug 2026
Contracts36
Avg IV0.65
Put-call0.53
Expiry18 Sep 2026
Contracts32
Avg IV0.61
Put-call-
Expiry16 Oct 2026
Contracts50
Avg IV0.60
Put-call-
Expiry15 Jan 2027
Contracts44
Avg IV0.60
Put-call1.67
Skew
Call/put IV balance
21 Aug 2026Put IV premium
Call IV0.55
Put IV0.80
Skew0.24
18 Sep 2026Put IV premium
Call IV0.51
Put IV0.68
Skew0.17
16 Oct 2026Put IV premium
Call IV0.52
Put IV0.62
Skew0.10
15 Jan 2027Put IV premium
Call IV0.55
Put IV0.64
Skew0.09
Contract Tape
Most active contracts
ContractPCOR260821C00057500
SideCall
Expiry21 Aug 2026
Strike57.50
Volume58
OI10
IV0.59
ContractPCOR260821P00042500
SidePut
Expiry21 Aug 2026
Strike42.50
Volume30
OI51
IV0.50
ContractPCOR260918C00060000
SideCall
Expiry18 Sep 2026
Strike60.00
Volume25
OI73
IV0.59
ContractPCOR261016C00075000
SideCall
Expiry16 Oct 2026
Strike75.00
Volume14
OI2134
IV0.51
ContractPCOR260821C00055000
SideCall
Expiry21 Aug 2026
Strike55.00
Volume7
OI199
IV0.64
ContractPCOR261016C00055000
SideCall
Expiry16 Oct 2026
Strike55.00
Volume5
OI220
IV0.60
ContractPCOR270115P00065000
SidePut
Expiry15 Jan 2027
Strike65.00
Volume5
OI12
IV0.57
ContractPCOR270115C00070000
SideCall
Expiry15 Jan 2027
Strike70.00
Volume2
OI1608
IV0.53
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.