Primary read
Volatility
Volatility expansion watch
Ticker Options Intelligence
CGAU options intelligence
Centerra Gold Inc options pressure, expected move, strike concentration, and Sharemaestro trend context.
Conviction
55
Market data through 29 Jul 2026
Checked 30 Jul 2026 02:49 · complete available chain
Volatility expansion watch
Volatility pressure
CGAU currently carries volatility options pressure with a 55/100 conviction score. The nearest-chain expected move is 14.7%, with volume/open-interest participation at 0.14.
Expected move
14.7%
Wider near-term move priced
Activity / OI
0.14
Current volume is quieter versus prior open interest
Put-call
0.11
Call-side skew
Trend fit
0
Options are not fully confirming trend
Weekly backdrop
+7.3%
RS 4.4
Expected move
14.7%
Put-call volume
0.11
Volume / OI
0.14
Reference IV
0.57
Max pain
10.00
Underlying
16.19
Nearest expiry
21 Aug 2026
Contracts
94
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: $162864 of estimated gross traded notional, calls · 46-90 days · otm, 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+89
1W price+7.3%
Call premium92%
Put premium8%
Notional split
C 92% / P 8%
Estimated gross traded notional uses volume × contract multiplier × midpoint, or last price when no valid midpoint is available.
Freshness
0.14
Volume divided by open interest across the visible chain.
Trend fit
0/100
Agreement between options pressure and Sharemaestro market context.
Event window
5 Aug
Matched earnings event is 6 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 · 46-90 days · OTM
calls cluster with 704 contracts traded, $104926 estimated gross traded notional, and 64% of visible notional.
$104926
Calls · 22-45 days · ITM
calls cluster with 201 contracts traded, $41708 estimated gross traded notional, and 26% of visible notional.
$41708
Puts · 46-90 days · ITM
puts cluster with 55 contracts traded, $9500 estimated gross traded notional, and 6% of visible notional.
$9500
Puts · 46-90 days · OTM
puts cluster with 30 contracts traded, $2910 estimated gross traded notional, and 2% of visible notional.
$2910
Calls · 91+ days · OTM
calls cluster with 8 contracts traded, $1418 estimated gross traded notional, and 1% of visible notional.
$1418
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
Above normal
Activity is running above the recent historical baseline.
Volume rank100th
Volume/OI rank100th
IV rank0th
Market Context
Underlying confirmation
Close16.19
1W+7.3%
RS4.4
Fair value+84.1%
Options pressure89
Speculation43
Volatility80
Trend fit0
Today Versus Normal
Stored-options context
30d avg 14.4% · 1 read
100th
90d avg 14.4% · 1 read
100th
180d avg 14.4% · 1 read
100th
30d avg 0.62 · 1 read
0th
90d avg 0.62 · 1 read
0th
180d avg 0.62 · 1 read
0th
30d avg 0.12 · 1 read
0th
90d avg 0.12 · 1 read
0th
180d avg 0.12 · 1 read
0th
30d avg 0.00 · 1 read
100th
90d avg 0.00 · 1 read
100th
180d avg 0.00 · 1 read
100th
Pressure Trail
Recent pressure and volatility
29 Jul 10:52
Volatility
Pressure 87
Move 14.4%
30 Jul 01:49
Volatility
Pressure 89
Move 14.7%
Strike Map
Where activity is clustering
Strike2.50
Calls · V 0 · OI 1
Puts · V 0 · OI 0
Strike5.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike7.50
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike10.00
Calls · V 0 · OI 50
Puts · V 0 · OI 0
Strike12.50
Calls · V 0 · OI 115
Puts · V 0 · OI 1
Strike15.00
Calls · V 201 · OI 63
Puts · V 3 · OI 26
Strike17.50
Calls · V 9 · OI 565
Puts · V 0 · OI 15
Strike20.00
Calls · V 0 · OI 160
Puts · V 0 · OI 0
Term Structure
Expiration activity
Expiry21 Aug 2026
Contracts24
Avg IV0.57
Put-call0.01
Expiry18 Sep 2026
Contracts22
Avg IV0.50
Put-call32.50
Expiry16 Oct 2026
Contracts24
Avg IV0.57
Put-call0.03
Expiry15 Jan 2027
Contracts24
Avg IV0.55
Put-call1.88
Skew
Call/put IV balance
21 Aug 2026Call IV premium
Call IV0.54
Put IV0.26
Skew-0.28
18 Sep 2026Call IV premium
Call IV1.10
Put IV0.18
Skew-0.92
16 Oct 2026Put IV premium
Call IV0.58
Put IV0.74
Skew0.16
15 Jan 2027Put IV premium
Call IV0.55
Put IV0.70
Skew0.15
Contract Tape
Most active contracts
ContractCGAU261016C00017500
SideCall
Expiry16 Oct 2026
Strike17.50
Volume668
OI1228
IV0.53
ContractCGAU260821C00015000
SideCall
Expiry21 Aug 2026
Strike15.00
Volume201
OI63
IV0.29
ContractCGAU260918P00017500
SidePut
Expiry18 Sep 2026
Strike17.50
Volume50
OI3
IV0.58
ContractCGAU261016C00020000
SideCall
Expiry16 Oct 2026
Strike20.00
Volume32
OI690
IV0.58
ContractCGAU261016P00015000
SidePut
Expiry16 Oct 2026
Strike15.00
Volume15
OI428
IV0.74
ContractCGAU270115P00012500
SidePut
Expiry15 Jan 2027
Strike12.50
Volume15
OI57
IV0.22
ContractCGAU260918P00015000
SidePut
Expiry18 Sep 2026
Strike15.00
Volume15
OI1
IV0.18
ContractCGAU260821C00017500
SideCall
Expiry21 Aug 2026
Strike17.50
Volume9
OI565
IV0.54
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.