Primary read
Bullish
Call-side pressure
Ticker Options Intelligence
CELH options intelligence
Celsius Holdings Inc options pressure, expected move, strike concentration, and Sharemaestro trend context.
Conviction
36
Market data through 31 Jul 2026
Checked 1 Aug 2026 01:57 · complete available chain
Call-side pressure
Bullish pressure
CELH currently carries bullish options pressure with a 36/100 conviction score. The nearest-chain expected move is 7.9%, with volume/open-interest participation at 0.03.
Expected move
7.9%
Wider near-term move priced
Activity / OI
0.03
Current volume is quieter versus prior open interest
Put-call
0.49
Call-side skew
Trend fit
17
Options are not fully confirming trend
Weekly backdrop
+7.7%
RS -40.4
Expected move
7.9%
Put-call volume
0.49
Volume / OI
0.03
Reference IV
0.35
Max pain
28.00
Underlying
27.12
Nearest expiry
31 Jul 2026
Contracts
934
Research Brief
CELH has a bullish chain read with 36/100 evidence alignment.
The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 24.99–29.25; The largest call open-interest concentration is 35.00; the largest put concentration is 26.50. The most active strike by current volume is 30.00.
Priced range24.99–29.25
Call concentration35.00
Put concentration26.50
Max pain reference28.00
- 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 24.99 to 29.25. Max pain at 28.00 sits inside that range, 3.2% above spot.
Spot
Max pain
24.9927.12 ± 2.1329.25
Confirmation level
A close beyond 29.25 or below 24.99 at the 31 Jul 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 36/100
Pressure is 40/100 toward calls; conviction uses its strength, while the signal label carries its direction.
Directional pressure40 × 42%
+16.8
How strongly activity leans toward calls or puts.
Participation41 × 22%
+8.9
Volume relative to existing open interest and contract-level activity.
Trend agreement17 × 26%
+4.5
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 35.00; the largest put concentration is 26.50. The most active strike by current volume is 30.00. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.
Put open interestStrikeCall open interest
739
25.00-7.8%
25
534
26.00-4.1%
786
2332
26.50-2.3%
59
1390
27.00-0.4%
778
611
27.501.4%
272
594
28.003.2%
921
340
28.505.1%
1053
444
29.006.9%
942
61
29.508.8%
548
537
30.0010.6%
2682
27
30.5012.5%
624
1021
31.0014.3%
498
3
32.0018.0%
405
1
35.0029.1%
4456
0
36.0032.7%
465
1
37.0036.4%
1441
0
39.0043.8%
438
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.
0.35
31 Jul
0d
1.05
7 Aug
7d
0.84
14 Aug
14d
0.78
21 Aug
21d
0.73
28 Aug
28d
0.71
4 Sep
35d
0.68
11 Sep
42d
0.68
18 Sep
49d
Volatility by Strike
Downside protection premium
Out-of-the-money puts carry higher implied volatility than comparable calls, indicating richer downside protection.
22
23
24
25
25
26
26
27
27
28
28
29
29
30
30
31
31
32
32
33
Put IV Call IV
Historical Replay
How matured reads behaved through expiry
Forward validation is building. The earliest eligible stored read expires 31 Jul 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
- 934 / 934
- 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 pressure and weekly price action are pointing in the same constructive direction.
Earnings/event positioning matters because it connects the options headline to the actual evidence: $1.7M of estimated gross traded notional, puts · 91+ days · itm, 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+40
1W price+7.7%
Call premium61%
Put premium39%
Notional split
C 61% / P 39%
Estimated gross traded notional uses volume × contract multiplier × midpoint, or last price when no valid midpoint is available.
Freshness
0.03
Volume divided by open interest across the visible chain.
Trend fit
17/100
Agreement between options pressure and Sharemaestro market context.
Event window
6 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.
Puts · 91+ days · ITM
puts cluster with 185 contracts traded, $273988 estimated gross traded notional, and 16% of visible notional.
$273988
Calls · 8-21 days · OTM
calls cluster with 2543 contracts traded, $257212 estimated gross traded notional, and 15% of visible notional.
$257212
Calls · 0-7 days · OTM
calls cluster with 4567 contracts traded, $217070 estimated gross traded notional, and 13% of visible notional.
$217070
Calls · 91+ days · OTM
calls cluster with 624 contracts traded, $169636 estimated gross traded notional, and 10% of visible notional.
$169636
Calls · 46-90 days · OTM
calls cluster with 728 contracts traded, $134399 estimated gross traded notional, and 8% of visible notional.
$134399
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
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
Close29.21
1W+7.7%
RS-40.4
Fair value-38.2%
Options pressure40
Speculation41
Volatility56
Trend fit17
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 10:31
Bullish
Pressure 37
Move 8.9%
30 Jul 10:25
Bullish
Pressure 45
Move 8.6%
31 Jul 02:37
Volatility
Pressure 66
Move 9.8%
1 Aug 00:57
Bullish
Pressure 40
Move 7.9%
Strike Map
Where activity is clustering
Strike19.00
Calls · V 0 · OI 6
Puts · V 0 · OI 22
Strike20.00
Calls · V 8 · OI 15
Puts · V 2 · OI 91
Strike21.00
Calls · V 5 · OI 7
Puts · V 2 · OI 75
Strike22.00
Calls · V 4 · OI 13
Puts · V 0 · OI 147
Strike23.00
Calls · V 4 · OI 8
Puts · V 0 · OI 19
Strike24.00
Calls · V 4 · OI 16
Puts · V 1 · OI 204
Strike24.50
Calls · V 3 · OI 5
Puts · V 0 · OI 23
Strike25.00
Calls · V 10 · OI 25
Puts · V 0 · OI 739
Term Structure
Expiration activity
Expiry31 Jul 2026
Contracts74
Avg IV0.35
Put-call0.28
Expiry7 Aug 2026
Contracts88
Avg IV1.05
Put-call0.99
Expiry14 Aug 2026
Contracts84
Avg IV0.84
Put-call0.13
Expiry21 Aug 2026
Contracts82
Avg IV0.78
Put-call0.60
Expiry28 Aug 2026
Contracts44
Avg IV0.73
Put-call4.76
Skew
Call/put IV balance
31 Jul 2026Put IV premium
Call IV0.14
Put IV0.76
Skew0.61
7 Aug 2026Call IV premium
Call IV1.12
Put IV1.06
Skew-0.06
14 Aug 2026Balanced skew
Call IV0.90
Put IV0.89
Skew-0.01
21 Aug 2026Balanced skew
Call IV0.76
Put IV0.79
Skew0.03
28 Aug 2026Balanced skew
Call IV0.73
Put IV0.74
Skew0.01
Contract Tape
Most active contracts
ContractCELH260731C00030000
SideCall
Expiry31 Jul 2026
Strike30.00
Volume1505
OI2682
IV0.31
ContractCELH260814C00032000
SideCall
Expiry14 Aug 2026
Strike32.00
Volume1466
OI321
IV0.88
ContractCELH260731C00029000
SideCall
Expiry31 Jul 2026
Strike29.00
Volume587
OI942
IV0.01
ContractCELH260807P00028000
SidePut
Expiry7 Aug 2026
Strike28.00
Volume406
OI917
IV1.06
ContractCELH260918P00025000
SidePut
Expiry18 Sep 2026
Strike25.00
Volume388
OI6308
IV0.71
ContractCELH260807C00028500
SideCall
Expiry7 Aug 2026
Strike28.50
Volume364
OI146
IV1.07
ContractCELH260918C00030000
SideCall
Expiry18 Sep 2026
Strike30.00
Volume324
OI2293
IV0.69
ContractCELH260731P00030000
SidePut
Expiry31 Jul 2026
Strike30.00
Volume279
OI537
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
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.