Primary read
Mixed
Options-market disagreement
Ticker Options Intelligence
AMSC options intelligence
American Superconductor Corporation options pressure, expected move, strike concentration, and Sharemaestro trend context.
Conviction
31
Market data through 30 Jul 2026
Checked 31 Jul 2026 11:32 · complete available chain
Options-market disagreement
Mixed pressure
AMSC currently carries mixed options pressure with a 31/100 conviction score. The nearest-chain expected move is 22.2%, with volume/open-interest participation at 0.02.
Expected move
22.2%
Wider near-term move priced
Activity / OI
0.02
Current volume is quieter versus prior open interest
Put-call
0.98
Balanced tape
Trend fit
44
Options are not fully confirming trend
Weekly backdrop
-3.8%
RS -35.1
Expected move
22.2%
Put-call volume
0.98
Volume / OI
0.02
Reference IV
1.12
Max pain
38.00
Underlying
30.52
Nearest expiry
21 Aug 2026
Contracts
310
Research Brief
AMSC has a mixed chain read with 31/100 evidence alignment.
The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 23.75–37.29; The largest call open-interest concentration is 33.00; the largest put concentration is 25.00. The most active strike by current volume is 29.00.
Priced range23.75–37.29
Call concentration33.00
Put concentration25.00
Max pain reference38.00
- 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 23.75 to 37.29. Max pain at 38.00 lies outside the priced range, so it is a weak near-term anchor.
Spot
Max pain
23.7530.52 ± 6.7737.29
Confirmation level
A close beyond 37.29 or below 23.75 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 31/100
Pressure is 7/100 toward calls; conviction uses its strength, while the signal label carries its direction.
Directional pressure7 × 42%
+2.9
How strongly activity leans toward calls or puts.
Participation32 × 22%
+7.1
Volume relative to existing open interest and contract-level activity.
Trend agreement44 × 26%
+11.5
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 33.00; the largest put concentration is 25.00. The most active strike by current volume is 29.00. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.
Put open interestStrikeCall open interest
370
20.00-34.5%
1
590
25.00-18.1%
5
213
28.00-8.3%
0
530
30.00-1.7%
63
111
33.008.1%
500
74
36.0018.0%
175
286
37.0021.2%
138
153
38.0024.5%
80
59
39.0027.8%
172
101
40.0031.1%
228
188
41.0034.3%
233
100
43.0040.9%
143
79
45.0047.4%
262
240
46.0050.7%
68
10
47.0054.0%
285
51
49.0060.6%
171
11
55.0080.2%
451
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.
1.12
21 Aug
22d
0.96
18 Sep
50d
0.94
16 Oct
78d
0.91
15 Jan
169d
0.88
21 Jan
540d
Volatility by Strike
Balanced wings
Comparable upside calls and downside puts carry broadly similar implied volatility.
25
26
27
28
29
30
31
32
33
34
35
36
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
Usable with limits
Retained chain100%
Implied volatility100%
Two-sided quotes100%
Open interest100%
- Chain status
- Complete available chain
- Market date
- 30 Jul 2026
- Calculation
- v2.0
- Contracts
- 310 / 310
- 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
Put-heavy activity
Put-side activity dominates. This can reflect hedging or directional positioning, but the chain alone cannot distinguish buying from selling.
The options read is mixed, so divergence is not strong enough to classify.
Put-heavy activity matters because it connects the options headline to the actual evidence: $231418 of estimated gross traded notional, puts · 91+ days · itm, 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+7
1W price-3.8%
Call premium27%
Put premium73%
Notional split
C 27% / P 73%
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
44/100
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.
Puts · 91+ days · ITM
puts cluster with 42 contracts traded, $92735 estimated gross traded notional, and 40% of visible notional.
$92735
Puts · 8-21 days · ITM
puts cluster with 42 contracts traded, $32505 estimated gross traded notional, and 14% of visible notional.
$32505
Calls · 91+ days · OTM
calls cluster with 51 contracts traded, $21582 estimated gross traded notional, and 9% of visible notional.
$21582
Puts · 8-21 days · OTM
puts cluster with 76 contracts traded, $17895 estimated gross traded notional, and 8% of visible notional.
$17895
Puts · 46-90 days · ATM
puts cluster with 24 contracts traded, $14400 estimated gross traded notional, and 6% of visible notional.
$14400
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
2 of 10 completed market sessions are available. More session history is needed before activity can be compared with a reliable normal.
Baseline: 2 completed sessions
Volume rank-
Volume/OI rank-
IV rank-
Market Context
Underlying confirmation
Close29.37
1W-3.8%
RS-35.1
Fair value+8.1%
Options pressure7
Speculation32
Volatility96
Trend fit44
Today Versus Normal
Stored-options context
30d avg - · 2/10 sessions
-
90d avg - · 2/30 sessions
-
180d avg - · 2/60 sessions
-
30d avg - · 2/10 sessions
-
90d avg - · 2/30 sessions
-
180d avg - · 2/60 sessions
-
30d avg - · 2/10 sessions
-
90d avg - · 2/30 sessions
-
180d avg - · 2/60 sessions
-
30d avg - · 2/10 sessions
-
90d avg - · 2/30 sessions
-
180d avg - · 2/60 sessions
-
Pressure Trail
Recent pressure and volatility
29 Jul 10:57
Bullish
Pressure 48
Move 23.8%
30 Jul 10:47
Bullish
Pressure 51
Move 25.6%
31 Jul 10:32
Mixed
Pressure 7
Move 22.2%
Strike Map
Where activity is clustering
Strike19.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike20.00
Calls · V 0 · OI 1
Puts · V 0 · OI 370
Strike21.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike22.00
Calls · V 0 · OI 0
Puts · V 0 · OI 6
Strike23.00
Calls · V 0 · OI 0
Puts · V 3 · OI 15
Strike24.00
Calls · V 0 · OI 0
Puts · V 3 · OI 7
Strike25.00
Calls · V 0 · OI 5
Puts · V 4 · OI 590
Strike26.00
Calls · V 0 · OI 32
Puts · V 1 · OI 109
Term Structure
Expiration activity
Expiry21 Aug 2026
Contracts68
Avg IV1.12
Put-call1.06
Expiry18 Sep 2026
Contracts52
Avg IV0.96
Put-call-
Expiry16 Oct 2026
Contracts76
Avg IV0.94
Put-call0.85
Expiry15 Jan 2027
Contracts80
Avg IV0.91
Put-call0.90
Expiry21 Jan 2028
Contracts34
Avg IV0.88
Put-call1.33
Skew
Call/put IV balance
21 Aug 2026Put IV premium
Call IV1.08
Put IV1.17
Skew0.09
18 Sep 2026Balanced skew
Call IV1.01
Put IV1.04
Skew0.03
16 Oct 2026Call IV premium
Call IV0.99
Put IV0.92
Skew-0.07
15 Jan 2027Put IV premium
Call IV0.88
Put IV0.94
Skew0.06
21 Jan 2028Balanced skew
Call IV0.85
Put IV0.87
Skew0.02
Contract Tape
Most active contracts
ContractAMSC260821P00029000
SidePut
Expiry21 Aug 2026
Strike29.00
Volume29
OI26
IV1.13
ContractAMSC261016P00031000
SidePut
Expiry16 Oct 2026
Strike31.00
Volume24
OI18
IV0.97
ContractAMSC260821P00028000
SidePut
Expiry21 Aug 2026
Strike28.00
Volume23
OI213
IV1.14
ContractAMSC280121P00050000
SidePut
Expiry21 Jan 2028
Strike50.00
Volume20
OI32
IV0.83
ContractAMSC270115P00047000
SidePut
Expiry15 Jan 2027
Strike47.00
Volume20
OI29
IV0.94
ContractAMSC260821P00033000
SidePut
Expiry21 Aug 2026
Strike33.00
Volume18
OI111
IV1.15
ContractAMSC260821C00032000
SideCall
Expiry21 Aug 2026
Strike32.00
Volume17
OI25
IV1.14
ContractAMSC260821C00040000
SideCall
Expiry21 Aug 2026
Strike40.00
Volume16
OI228
IV1.07
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.