Ticker Options Intelligence

CAPL options intelligence

Crossamerica Partners LP options pressure, expected move, strike concentration, and Sharemaestro trend context.

Conviction 50 Market data through 3 Aug 2026 Checked 4 Aug 2026 01:32 · complete available chain

Call-side pressure

Bullish pressure

CAPL currently carries bullish options pressure with a 50/100 conviction score. The nearest-chain expected move is 9.7%, with volume/open-interest participation at 0.01.

Options Intelligence Opportunities Bullish confirmation Risks Unusual flow Vol expansion Repeated pressure Compare Chart Weekly report
Primary read Bullish

Call-side pressure

Expected move 9.7%

Wider near-term move priced

Activity / OI 0.01

Current volume is quieter versus prior open interest

Put-call 0.00

Call-side skew

Trend fit 0

Options are not fully confirming trend

Weekly backdrop +2.1%

RS -1.0

Expected move 9.7%
Put-call volume -
Volume / OI 0.01
Reference IV 0.28
Max pain 22.50
Underlying 22.21
Nearest expiry 21 Aug 2026
Contracts 56

Research Brief

CAPL has a bullish chain read with 50/100 evidence alignment.

The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 20.06–24.36; The largest call open-interest concentration is 25.00; the largest put concentration is 12.50. The most active strike by current volume is 22.50.

Priced range20.06–24.36
Call concentration25.00
Put concentration12.50
Max pain reference22.50
What would confirm it
  • Price holds or improves while call-side concentration remains elevated.
What would weaken it
  • Price weakens while call pressure fades or reverses toward puts.
  • 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

Size, not direction · through 21 Aug

Options imply 20.06 to 24.36. Max pain at 22.50 sits inside that range, 1.3% above spot.

Spot Max pain
20.0622.21 ± 2.1524.36
Confirmation level

A close beyond 24.36 or below 20.06 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 50/100

Evidence alignment, not probability

Pressure is 100/100 toward calls; conviction uses its strength, while the signal label carries its direction.

Directional pressure100 × 42%
+42.0

How strongly activity leans toward calls or puts.

Participation9 × 22%
+2.0

Volume relative to existing open interest and contract-level activity.

Trend agreement0 × 26%
+0.0

How closely the chain read agrees with the underlying trend backdrop.

Volatility58 × 10%
+5.8

The intensity of implied volatility and the priced move.

Reconstructed score49.8Matches stored calculation

Positioning by Strike

Where open interest and current activity concentrate

Full strike map

The largest call open-interest concentration is 25.00; the largest put concentration is 12.50. The most active strike by current volume is 22.50. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.

Put open interestStrikeCall open interest
5
12.50-43.7%
0
0
15.00-32.5%
0
0
17.50-21.2%
0
4
20.00-10.0%
0
2
22.501.3%
9
0
25.0012.6%
23
0
30.0035.1%
0
Nearest spot strike Max pain strikeBars show relative OI within this expiry

Gamma Profile by Strike

Positive gamma proxy

Reported Greeks · 100% coverage

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+$14,553Delta change / 1% move
Positive peak22.50+$19,309
Negative peak17.50-$4,915
Nearest balance20.31Interpolated sign change
StrikeNegativePositiveNet / 1% move
12.50-43.7%
-$9
17.50-21.2%
-$4,915
20.00-10.0%
-$2,726
22.501.3%
+$19,309
25.0012.6%
+$2,825
30.0035.1%
+$69
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

Front-loaded volatility

1.33× front/back

Near-term options are materially richer than later expirations, consistent with concentrated event or immediate-risk pricing.

0.28 21 Aug 18d
0.31 18 Sep 46d
0.33 16 Oct 74d
0.21 15 Jan 165d

Volatility by Strike

Upside optionality premium

Nearest expiry, within 20% of spot

Out-of-the-money calls carry higher implied volatility than comparable puts, indicating richer upside optionality.

20
23
25
Put IV Call IV

Historical Replay

How matured reads behaved through expiry

0 matured · 0 directional

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

A97/100
Retained chain100%
Implied volatility100%
Two-sided quotes100%
Open interest100%
Chain status
Complete available chain
Market date
3 Aug 2026
Calculation
v2.0
Contracts
56 / 56
  • 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

85/100
Primary intent Earnings/event positioning

Options activity is concentrated around a live event window, so the cleanest read is event positioning rather than pure direction.

Flow vs price divergence Bullish flow confirms price

Options pressure and weekly price action are pointing in the same constructive direction.

Why this matters

Earnings/event positioning matters because it connects the options headline to the actual evidence: $400 of estimated gross traded notional, calls · 8-21 days · atm, 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+100
1W price+2.1%
Call premium100%
Put premium0%
Notional split C 100% / P 0% 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 0/100 Agreement between options pressure and Sharemaestro market context.
Event window 5 Aug Matched earnings event is 1 days away.
Aggregate chain data does not identify trade aggressor or opening versus closing activity; call/put concentration is not proof of market direction.
Conviction clusters Calls · 8-21 days · ATM
Calls · 8-21 days · ATM calls cluster with 10 contracts traded, $400 estimated gross traded notional, and 100% of visible notional.
$400

Setup Classification

Opportunity and risk frame

Context, not advice
Warning Volatility expansion

The tape is pricing or displaying unusually elevated activity.

Warning Event-risk setup

Expected move or upcoming earnings makes the setup more event-sensitive.

Negative Options disagreement

Options positioning is not confirming the underlying trend context.

Warning Crowded strike risk

Underlying price is close to the max-pain zone.

Activity Anomaly

Warming up

-

4 of 10 completed market sessions are available. More session history is needed before activity can be compared with a reliable normal.

Baseline: 4 completed sessions

Volume rank-
Volume/OI rank-
IV rank-

Market Context

Underlying confirmation

Sharemaestro weekly
Close22.21
1W+2.1%
RS-1.0
Fair value+17.5%
Options pressure100
Speculation9
Volatility58
Trend fit0

Today Versus Normal

Stored-options context

View history
Expected move 9.7% history building
30d avg - · 4/10 sessions -
90d avg - · 4/30 sessions -
180d avg - · 4/60 sessions -
IV 0.28 history building
30d avg - · 4/10 sessions -
90d avg - · 4/30 sessions -
180d avg - · 4/60 sessions -
Put-call 0.00 history building
30d avg - · 4/10 sessions -
90d avg - · 4/30 sessions -
180d avg - · 4/60 sessions -
Volume/OI 0.01 history building
30d avg - · 4/10 sessions -
90d avg - · 4/30 sessions -
180d avg - · 4/60 sessions -

Pressure Trail

Recent pressure and volatility

Open trail
29 Jul 11:17 Bullish
Pressure 37
Move 11.5%
30 Jul 11:02 Bullish
Pressure 100
Move 11.7%
31 Jul 10:05 Bullish
Pressure 100
Move 10.5%
31 Jul 13:38 Bullish
Pressure 40
Move 8.2%
3 Aug 10:29 Volatility
Pressure 100
Move 10.1%
4 Aug 00:32 Bullish
Pressure 100
Move 9.7%

Strike Map

Where activity is clustering

Full strike map
Strike12.50
Calls · V 0 · OI 0
Puts · V 0 · OI 5
Strike15.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike17.50
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike20.00
Calls · V 0 · OI 0
Puts · V 0 · OI 4
Strike22.50
Calls · V 10 · OI 9
Puts · V 0 · OI 2
Strike25.00
Calls · V 0 · OI 23
Puts · V 0 · OI 0
Strike30.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0

Term Structure

Expiration activity

Volume and IV
Expiry21 Aug 2026
Contracts14
Avg IV0.28
Put-call-
Expiry18 Sep 2026
Contracts14
Avg IV0.31
Put-call-
Expiry16 Oct 2026
Contracts14
Avg IV0.33
Put-call-
Expiry15 Jan 2027
Contracts14
Avg IV0.21
Put-call-

Skew

Call/put IV balance

OTM demand
21 Aug 2026Balanced skew
Call IV0.14
Put IV0.15
Skew0.01
18 Sep 2026Balanced skew
Call IV0.08
Put IV0.10
Skew0.02
16 Oct 2026Put IV premium
Call IV0.06
Put IV0.61
Skew0.55
15 Jan 2027Balanced skew
Call IV0.03
Put IV0.06
Skew0.03

Contract Tape

Most active contracts

Full contract tape
ContractCAPL260821C00022500
SideCall
Expiry21 Aug 2026
Strike22.50
Volume10
OI9
IV0.14
ContractCAPL261016P00017500
SidePut
Expiry16 Oct 2026
Strike17.50
Volume-
OI213
IV0.61
ContractCAPL261016C00025000
SideCall
Expiry16 Oct 2026
Strike25.00
Volume-
OI155
IV0.16
ContractCAPL261016C00022500
SideCall
Expiry16 Oct 2026
Strike22.50
Volume-
OI142
IV0.06
ContractCAPL270115C00022500
SideCall
Expiry15 Jan 2027
Strike22.50
Volume-
OI98
IV0.03
ContractCAPL270115C00025000
SideCall
Expiry15 Jan 2027
Strike25.00
Volume-
OI68
IV0.10
ContractCAPL261016P00020000
SidePut
Expiry16 Oct 2026
Strike20.00
Volume-
OI43
IV0.08
ContractCAPL260821C00025000
SideCall
Expiry21 Aug 2026
Strike25.00
Volume-
OI23
IV0.34