Primary read
Volatility
Volatility expansion watch
Ticker Options Intelligence
CAMT options intelligence
Camtek Ltd options pressure, expected move, strike concentration, and Sharemaestro trend context.
Conviction
46
Market data through 29 Jul 2026
Checked 30 Jul 2026 11:30 · complete available chain
Volatility expansion watch
Volatility pressure
CAMT currently carries volatility options pressure with a 46/100 conviction score. The nearest-chain expected move is 22.3%, with volume/open-interest participation at 0.06.
Expected move
22.3%
Wider near-term move priced
Activity / OI
0.06
Current volume is quieter versus prior open interest
Put-call
0.21
Call-side skew
Trend fit
1
Options are not fully confirming trend
Weekly backdrop
+1.1%
RS 0.7
Expected move
22.3%
Put-call volume
0.21
Volume / OI
0.06
Reference IV
1.00
Max pain
170.00
Underlying
147.79
Nearest expiry
21 Aug 2026
Contracts
466
Research Brief
CAMT has a volatility chain read with 46/100 evidence alignment.
The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 114.89–180.69; The largest call open-interest concentration is 210.00; the largest put concentration is 140.00. The most active strike by current volume is 170.00.
Priced range114.89–180.69
Call concentration210.00
Put concentration140.00
Max pain reference170.00
- A clear directional pressure reading develops and price begins to agree.
- Volatility falls and the chain remains directionally mixed.
- 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
Options imply 114.89 to 180.69. Max pain at 170.00 sits inside that range, 15.0% above spot.
Spot
Max pain
114.89147.79 ± 32.90180.69
Confirmation level
A close beyond 180.69 or below 114.89 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 46/100
Pressure is 64/100 toward calls; conviction uses its strength, while the signal label carries its direction.
Directional pressure64 × 42%
+27.0
How strongly activity leans toward calls or puts.
Participation42 × 22%
+9.1
Volume relative to existing open interest and contract-level activity.
Trend agreement1 × 26%
+0.1
How closely the chain read agrees with the underlying trend backdrop.
Volatility96 × 10%
+9.6
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 210.00; the largest put concentration is 140.00. The most active strike by current volume is 170.00. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.
Put open interestStrikeCall open interest
469
120.00-18.8%
169
274
125.00-15.4%
123
179
130.00-12.0%
5
1034
140.00-5.3%
5
429
145.00-1.9%
59
716
150.001.5%
58
319
155.004.9%
15
128
160.008.3%
41
355
170.0015.0%
151
68
180.0021.8%
202
32
190.0028.6%
189
107
195.0031.9%
110
78
200.0035.3%
137
144
210.0042.1%
464
1
220.0048.9%
283
2
230.0055.6%
231
2
240.0062.4%
258
Nearest spot strike Max pain strikeBars show relative OI within this expiry
Volatility Curve
Front-loaded volatility
Near-term options are materially richer than later expirations, consistent with concentrated event or immediate-risk pricing.
1.00
21 Aug
22d
0.90
18 Sep
50d
0.88
20 Nov
113d
0.84
15 Jan
169d
0.84
19 Feb
204d
0.79
17 Dec
505d
Volatility by Strike
Upside optionality premium
Out-of-the-money calls carry higher implied volatility than comparable puts, indicating richer upside optionality.
120
125
130
135
140
145
150
155
160
165
170
175
Put IV Call IV
Historical Replay
How matured reads behaved through expiry
No independently verifiable option-expiry outcomes have matured yet. Legacy snapshots without a point-in-time market reference and repeated same-session snapshots are deliberately excluded.
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
Usable with limits
Retained chain100%
Implied volatility100%
Two-sided quotes100%
Open interest100%
- Chain status
- Complete available chain
- Market date
- 29 Jul 2026
- Calculation
- v1.x legacy
- Contracts
- 466 / 466
- 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
Options activity is concentrated around a live event window, so the cleanest read is event positioning rather than pure direction.
Options are pricing movement more than direction; compare expected move with the stock's actual weekly change.
Earnings/event positioning matters because it connects the options headline to the actual evidence: $2.7M of estimated gross traded notional, calls · 91+ days · itm, and a volatility flow versus price backdrop. Use it as a research priority signal, then validate the chart, liquidity, event calendar, and risk before acting.
Options pressure+64
1W price+1.1%
Call premium91%
Put premium9%
Notional split
C 91% / P 9%
Estimated gross traded notional uses volume × contract multiplier × midpoint, or last price when no valid midpoint is available.
Freshness
0.06
Volume divided by open interest across the visible chain.
Trend fit
1/100
Agreement between options pressure and Sharemaestro market context.
Event window
4 Aug
Matched earnings event is 5 days away.
Aggregate chain data does not identify trade aggressor or opening versus closing activity; call/put concentration is not proof of market direction.
Calls · 91+ days · ITM
calls cluster with 356 contracts traded, $1.7M estimated gross traded notional, and 63% of visible notional.
$1.7M
Calls · 91+ days · OTM
calls cluster with 205 contracts traded, $579162 estimated gross traded notional, and 21% of visible notional.
$579162
Puts · 91+ days · OTM
puts cluster with 121 contracts traded, $167005 estimated gross traded notional, and 6% of visible notional.
$167005
Calls · 46-90 days · ITM
calls cluster with 42 contracts traded, $87570 estimated gross traded notional, and 3% of visible notional.
$87570
Calls · 22-45 days · OTM
calls cluster with 323 contracts traded, $73248 estimated gross traded notional, and 3% of visible notional.
$73248
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
1 of 10 completed market sessions are available. More session history is needed before activity can be compared with a reliable normal.
Baseline: 1 completed session
Volume rank-
Volume/OI rank-
IV rank-
Market Context
Underlying confirmation
Close147.79
1W+1.1%
RS0.7
Fair value+52.1%
Options pressure64
Speculation42
Volatility96
Trend fit1
Today Versus Normal
Stored-options context
30d avg - · 1/10 sessions
-
90d avg - · 1/30 sessions
-
180d avg - · 1/60 sessions
-
30d avg - · 1/10 sessions
-
90d avg - · 1/30 sessions
-
180d avg - · 1/60 sessions
-
30d avg - · 1/10 sessions
-
90d avg - · 1/30 sessions
-
180d avg - · 1/60 sessions
-
30d avg - · 1/10 sessions
-
90d avg - · 1/30 sessions
-
180d avg - · 1/60 sessions
-
Pressure Trail
Recent pressure and volatility
29 Jul 10:31
Bullish
Pressure 75
Move 19.6%
30 Jul 10:30
Volatility
Pressure 64
Move 22.3%
Strike Map
Where activity is clustering
Strike50.00
Calls · V 0 · OI 0
Puts · V 0 · OI 23
Strike55.00
Calls · V 0 · OI 1
Puts · V 0 · OI 5
Strike60.00
Calls · V 0 · OI 1
Puts · V 0 · OI 1
Strike65.00
Calls · V 0 · OI 2
Puts · V 0 · OI 0
Strike70.00
Calls · V 0 · OI 2
Puts · V 0 · OI 3
Strike75.00
Calls · V 0 · OI 1
Puts · V 0 · OI 2
Strike80.00
Calls · V 0 · OI 2
Puts · V 0 · OI 4
Strike85.00
Calls · V 0 · OI 1
Puts · V 0 · OI 18
Term Structure
Expiration activity
Expiry21 Aug 2026
Contracts82
Avg IV1.00
Put-call0.17
Expiry18 Sep 2026
Contracts58
Avg IV0.90
Put-call0.39
Expiry20 Nov 2026
Contracts82
Avg IV0.88
Put-call24.20
Expiry15 Jan 2027
Contracts90
Avg IV0.84
Put-call-
Expiry19 Feb 2027
Contracts70
Avg IV0.84
Put-call-
Skew
Call/put IV balance
21 Aug 2026Call IV premium
Call IV1.03
Put IV0.92
Skew-0.11
18 Sep 2026Balanced skew
Call IV0.90
Put IV0.91
Skew0.01
20 Nov 2026Balanced skew
Call IV0.89
Put IV0.89
Skew-
15 Jan 2027Balanced skew
Call IV0.84
Put IV0.86
Skew0.02
19 Feb 2027Balanced skew
Call IV0.84
Put IV0.84
Skew-
Contract Tape
Most active contracts
ContractCAMT260821C00170000
SideCall
Expiry21 Aug 2026
Strike170.00
Volume192
OI151
IV1.02
ContractCAMT271217C00120000
SideCall
Expiry17 Dec 2027
Strike120.00
Volume151
OI3
IV0.78
ContractCAMT271217C00125000
SideCall
Expiry17 Dec 2027
Strike125.00
Volume151
OI-
IV0.78
ContractCAMT261120P00110000
SidePut
Expiry20 Nov 2026
Strike110.00
Volume104
OI32
IV0.89
ContractCAMT271217C00210000
SideCall
Expiry17 Dec 2027
Strike210.00
Volume100
OI112
IV0.78
ContractCAMT271217C00200000
SideCall
Expiry17 Dec 2027
Strike200.00
Volume100
OI104
IV0.79
ContractCAMT260821C00180000
SideCall
Expiry21 Aug 2026
Strike180.00
Volume56
OI202
IV1.08
ContractCAMT271217C00135000
SideCall
Expiry17 Dec 2027
Strike135.00
Volume50
OI18
IV0.78
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.