Ticker Options Intelligence

CPS options intelligence

Cooper Stnd options pressure, expected move, strike concentration, and Sharemaestro trend context.

Conviction 38 Market data through 17 Sep 2026 Checked 18 Sep 2026 13:26 · complete available chain

Call-side pressure

Bullish pressure

CPS currently carries bullish options pressure with a 38/100 conviction score. The nearest-chain expected move is 7.0%, with volume/open-interest participation at 0.02.

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

Call-side pressure

Expected move 7.0%

Wider near-term move priced

Activity / OI 0.02

Current volume is quieter versus prior open interest

Put-call 0.27

Call-side skew

Trend fit 0

Options are not fully confirming trend

Weekly backdrop -5.0%

RS -32.1

Expected move 7.0%
Put-call volume 0.27
Volume / OI 0.02
Reference IV 0.87
Max pain 20.00
Underlying 24.10
Nearest expiry 18 Sep 2026
Contracts 122

Research Brief

CPS has a bullish chain read with 38/100 evidence alignment.

The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 22.41–25.79; The largest call open-interest concentration is 25.00; the largest put concentration is 25.00. The most active strike by current volume is 25.00.

Priced range22.41–25.79
Call concentration25.00
Put concentration25.00
Max pain reference20.00
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 18 Sep

Options imply 22.41 to 25.79. Max pain at 20.00 lies outside the priced range, so it is a weak near-term anchor.

Spot Max pain
22.4124.10 ± 1.6925.79
Confirmation level

A close beyond 25.79 or below 22.41 at the 18 Sep 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 38/100

Evidence alignment, not probability

Pressure is 65/100 toward calls; conviction uses its strength, while the signal label carries its direction.

Directional pressure65 × 42%
+27.2

How strongly activity leans toward calls or puts.

Participation10 × 22%
+2.3

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.

Volatility84 × 10%
+8.4

The intensity of implied volatility and the priced move.

Reconstructed score38.0Matches 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 25.00. The most active strike by current volume is 25.00. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.

Put open interestStrikeCall open interest
40
15.00-37.8%
0
0
17.50-27.4%
0
20
20.00-17.0%
164
38
22.50-6.6%
0
64
25.003.7%
3734
6
30.0024.5%
69
0
35.0045.2%
40
0
40.0066.0%
60
0
45.0086.7%
0
Nearest spot strike Max pain strikeBars show relative OI within this expiry

Gamma Profile by Strike

Positive gamma proxy

Reported Greeks · 92% 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+$113,783Delta change / 1% move
Positive peak25.00+$105,579
Negative peak22.50-$30,322
Nearest balance23.06Interpolated sign change
StrikeNegativePositiveNet / 1% move
15.00-37.8%
+$939
17.50-27.4%
-$170
20.00-17.0%
+$2,300
22.50-6.6%
-$30,322
25.003.7%
+$105,579
30.0024.5%
+$4,568
35.0045.2%
+$20,465
40.0066.0%
+$9,379
45.0086.7%
+$423
50.00107.5%
+$344
55.00128.2%
+$76
60.00149.0%
+$107
65.00169.7%
+$98
70.00190.5%
+$1
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.

0.87 18 Sep 1d
0.48 16 Oct 29d
0.47 20 Nov 64d
0.70 18 Dec 92d
0.66 15 Jan 120d
0.65 16 Apr 211d

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

21 matured · 8 directional

Across 8 stored directional transitions, the next stored price moved in the labelled direction 0% of the time.

Directional follow-through0%
Moves contained by pricing52%
Average expiry move8.3%
17 Sep Bullish · 38 -5.0% through expiry 7.0% priced · v2.0
15 Sep Volatility · 60 -5.0% through expiry 10.1% priced · v2.0
14 Sep Volatility · 52 -5.0% through expiry 7.7% priced · v2.0
10 Sep Bullish · 46 -15.7% through expiry 7.2% priced · v2.0
8 Sep Volatility · 56 -15.7% through expiry 8.6% priced · v2.0
3 Sep Bullish · 51 -14.0% through expiry 9.0% priced · v2.0
1 Sep Bullish · 40 -14.0% through expiry 8.3% priced · v2.0
28 Aug Volatility · 50 -14.0% through expiry 11.4% priced · v2.0
25 Aug Bullish · 35 -18.3% through expiry 13.2% priced · v2.0
20 Aug Bullish · 28 -1.5% through expiry 10.3% priced · v2.0
19 Aug Bullish · 41 -1.5% through expiry 8.0% priced · v2.0
14 Aug Bullish · 47 -1.5% through expiry 7.9% priced · v2.0

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

Usable with limits

C69/100
Retained chain100%
Implied volatility100%
Two-sided quotes100%
Open interest100%
Chain status
Complete available chain
Market date
17 Sep 2026
Calculation
v2.0
Contracts
122 / 122
  • 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

Short-dated OTM call concentration

66/100
Primary intent Short-dated OTM call concentration

Call activity is concentrated in upside and shorter-dated contracts; trade direction remains unconfirmed without aggressor data.

Flow vs price divergence Bullish flow against weak price

Options are leaning call-side while the stock is down on the week, a divergence that needs price confirmation.

Why this matters

Short-dated OTM call concentration matters because it connects the options headline to the actual evidence: $29,747 of estimated gross traded notional, calls · 22-45 days · itm, and a bullish flow against weak price backdrop. Use it as a research priority signal, then validate the chart, liquidity, event calendar, and risk before acting.

Options pressure+65
1W price-5.0%
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 0.02 Volume divided by open interest across the visible chain.
Trend fit 0/100 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.
Conviction clusters Calls · 22-45 days · ITM
Calls · 22-45 days · ITM calls cluster with 10 contracts traded, $8,250 estimated gross traded notional, and 28% of visible notional.
$8,250
Puts · 91+ days · OTM puts cluster with 27 contracts traded, $6,980 estimated gross traded notional, and 23% of visible notional.
$6,980
Calls · 91+ days · ITM calls cluster with 10 contracts traded, $6,050 estimated gross traded notional, and 20% of visible notional.
$6,050
Calls · 91+ days · OTM calls cluster with 22 contracts traded, $3,680 estimated gross traded notional, and 12% of visible notional.
$3,680
Puts · 22-45 days · ITM puts cluster with 14 contracts traded, $3,395 estimated gross traded notional, and 11% of visible notional.
$3,395

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.

Activity Anomaly

Normal range

55

Activity is broadly in line with recent stored snapshots.

Baseline: 22 completed sessions

Volume rank55th
Volume/OI rank41th
IV rank68th

Market Context

Underlying confirmation

Sharemaestro weekly
Close22.90
1W-5.0%
RS-32.1
Fair value+5.0%
Options pressure65
Speculation10
Volatility84
Trend fit0

Today Versus Normal

Stored-options context

View history
Expected move 7.0% muted
30d avg 9.4% · 10 sessions 0th
90d avg - · 22/30 sessions -
180d avg - · 22/60 sessions -
IV 0.87 elevated
30d avg 0.58 · 10 sessions 90th
90d avg - · 22/30 sessions -
180d avg - · 22/60 sessions -
Put-call 0.27 near normal
30d avg 0.62 · 10 sessions 70th
90d avg - · 22/30 sessions -
180d avg - · 22/60 sessions -
Volume/OI 0.02 near normal
30d avg 0.05 · 10 sessions 30th
90d avg - · 22/30 sessions -
180d avg - · 22/60 sessions -

Pressure Trail

Recent pressure and volatility

Open trail
29 Jul 11:25 Volatility
Pressure 85
Move 20.8%
30 Jul 13:23 Volatility
Pressure -90
Move 23.1%
30 Jul 14:51 Volatility
Pressure -57
Move 24.8%
30 Jul 18:02 Volatility
Pressure -55
Move 24.5%
31 Jul 13:34 Volatility
Pressure 85
Move 24.1%
1 Aug 07:25 Volatility
Pressure 83
Move 21.6%
3 Aug 13:11 Volatility
Pressure 83
Move 20.9%
4 Aug 11:04 Volatility
Pressure -66
Move 24.8%

Strike Map

Where activity is clustering

Full strike map
Strike15.00
Calls · V 0 · OI 0
Puts · V 0 · OI 40
Strike17.50
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike20.00
Calls · V 0 · OI 164
Puts · V 0 · OI 20
Strike22.50
Calls · V 0 · OI 0
Puts · V 0 · OI 38
Strike25.00
Calls · V 146 · OI 3734
Puts · V 0 · OI 64
Strike30.00
Calls · V 0 · OI 69
Puts · V 0 · OI 6
Strike35.00
Calls · V 0 · OI 40
Puts · V 0 · OI 0
Strike40.00
Calls · V 0 · OI 60
Puts · V 0 · OI 0

Term Structure

Expiration activity

Volume and IV
Expiry18 Sep 2026
Contracts18
Avg IV0.87
Put-call-
Expiry16 Oct 2026
Contracts28
Avg IV0.48
Put-call2.40
Expiry20 Nov 2026
Contracts16
Avg IV0.47
Put-call-
Expiry18 Dec 2026
Contracts26
Avg IV0.70
Put-call-
Expiry15 Jan 2027
Contracts18
Avg IV0.66
Put-call-

Skew

Call/put IV balance

OTM demand
18 Sep 2026Call IV premium
Call IV0.90
Put IV0.17
Skew-0.73
16 Oct 2026Balanced skew
Call IV0.54
Put IV0.49
Skew-0.05
20 Nov 2026Call IV premium
Call IV0.71
Put IV0.63
Skew-0.08
18 Dec 2026Call IV premium
Call IV0.75
Put IV0.65
Skew-0.10
15 Jan 2027Balanced skew
Call IV0.69
Put IV0.64
Skew-0.05

Contract Tape

Most active contracts

Full contract tape
ContractCPS260918C00025000
SideCall
Expiry18 Sep 2026
Strike25.00
Volume146
OI3734
IV0.90
ContractCPS270416P00020000
SidePut
Expiry16 Apr 2027
Strike20.00
Volume15
OI547
IV0.63
ContractCPS261016P00025000
SidePut
Expiry16 Oct 2026
Strike25.00
Volume14
OI178
IV0.37
ContractCPS270416C00040000
SideCall
Expiry16 Apr 2027
Strike40.00
Volume12
OI519
IV0.68
ContractCPS261218C00025000
SideCall
Expiry18 Dec 2026
Strike25.00
Volume10
OI329
IV0.68
ContractCPS270416C00020000
SideCall
Expiry16 Apr 2027
Strike20.00
Volume10
OI85
IV0.68
ContractCPS261016P00022500
SidePut
Expiry16 Oct 2026
Strike22.50
Volume10
OI40
IV0.49
ContractCPS261016C00015000
SideCall
Expiry16 Oct 2026
Strike15.00
Volume10
OI29
IV1.32

Evidence context