Ticker Options Intelligence

CPS options intelligence

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

Conviction 49 Market data through 31 Jul 2026 Checked 1 Aug 2026 15:57 · complete available chain

Volatility expansion watch

Volatility pressure

CPS currently carries volatility options pressure with a 49/100 conviction score. The nearest-chain expected move is 20.9%, 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 Volatility

Volatility expansion watch

Expected move 20.9%

Wider near-term move priced

Activity / OI 0.01

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 +3.7%

RS -15.6

Expected move 20.9%
Put-call volume 0.11
Volume / OI 0.01
Reference IV 1.13
Max pain 30.00
Underlying 29.47
Nearest expiry 21 Aug 2026
Contracts 106

Research Brief

CPS has a volatility chain read with 49/100 evidence alignment.

The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 23.32–35.62; The largest call open-interest concentration is 20.00; the largest put concentration is 30.00. The most active strike by current volume is 30.00.

Priced range23.32–35.62
Call concentration20.00
Put concentration30.00
Max pain reference30.00
What would confirm it
  • A clear directional pressure reading develops and price begins to agree.
What would weaken it
  • 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

Size, not direction · through 21 Aug

Options imply 23.32 to 35.62. Max pain at 30.00 sits inside that range, 1.8% above spot.

Spot Max pain
23.3229.47 ± 6.1535.62
Confirmation level

A close beyond 35.62 or below 23.32 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 49/100

Evidence alignment, not probability

Pressure is 83/100 toward calls; conviction uses its strength, while the signal label carries its direction.

Directional pressure83 × 42%
+34.7

How strongly activity leans toward calls or puts.

Participation20 × 22%
+4.4

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.

Volatility96 × 10%
+9.6

The intensity of implied volatility and the priced move.

Reconstructed score48.7Matches stored calculation

Positioning by Strike

Where open interest and current activity concentrate

Full strike map

The largest call open-interest concentration is 20.00; the largest put concentration is 30.00. 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
0
15.00-49.1%
0
0
17.50-40.6%
0
22
20.00-32.1%
225
4
22.50-23.7%
0
53
25.00-15.2%
29
787
30.001.8%
76
9
35.0018.8%
142
0
40.0035.7%
12
0
45.0052.7%
1
Nearest spot strike Max pain strikeBars show relative OI within this expiry

Volatility Curve

Front-loaded volatility

1.61× front/back

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

1.13 21 Aug 21d
0.80 18 Sep 49d
0.77 16 Oct 77d
0.75 18 Dec 140d
0.71 15 Jan 168d

Volatility by Strike

Downside protection premium

Nearest expiry, within 20% of spot

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

25
30
35
Put IV Call IV

Historical Replay

How matured reads behaved through expiry

0 directional observations

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

High

A100/100
Retained chain100%
Implied volatility100%
Two-sided quotes100%
Open interest100%
Chain status
Complete available chain
Market date
31 Jul 2026
Calculation
v2.0
Contracts
106 / 106
  • 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

87/100
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 Volatility flow versus price

Options are pricing movement more than direction; compare expected move with the stock's actual weekly change.

Why this matters

Earnings/event positioning matters because it connects the options headline to the actual evidence: $20615 of estimated gross traded notional, calls · 91+ days · itm, 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+83
1W price+3.7%
Call premium99%
Put premium1%
Notional split C 99% / P 1% 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 3 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 · 91+ days · ITM
Calls · 91+ days · ITM calls cluster with 13 contracts traded, $10255 estimated gross traded notional, and 50% of visible notional.
$10255
Calls · 91+ days · ATM calls cluster with 12 contracts traded, $6260 estimated gross traded notional, and 30% of visible notional.
$6260
Calls · 8-21 days · ATM calls cluster with 11 contracts traded, $2832 estimated gross traded notional, and 14% of visible notional.
$2832
Calls · 91+ days · OTM calls cluster with 10 contracts traded, $1068 estimated gross traded notional, and 5% of visible notional.
$1068
Puts · 8-21 days · OTM puts cluster with 5 contracts traded, $200 estimated gross traded notional, and 1% of visible notional.
$200

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

-

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

Sharemaestro weekly
Close29.47
1W+3.7%
RS-15.6
Fair value+38.3%
Options pressure83
Speculation20
Volatility96
Trend fit0

Today Versus Normal

Stored-options context

View history
Expected move 20.9% history building
30d avg - · 3/10 sessions -
90d avg - · 3/30 sessions -
180d avg - · 3/60 sessions -
IV 1.13 history building
30d avg - · 3/10 sessions -
90d avg - · 3/30 sessions -
180d avg - · 3/60 sessions -
Put-call 0.11 history building
30d avg - · 3/10 sessions -
90d avg - · 3/30 sessions -
180d avg - · 3/60 sessions -
Volume/OI 0.01 history building
30d avg - · 3/10 sessions -
90d avg - · 3/30 sessions -
180d avg - · 3/60 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%
1 Aug 14:57 Volatility
Pressure 83
Move 20.9%

Strike Map

Where activity is clustering

Full strike map
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 225
Puts · V 5 · OI 22
Strike22.50
Calls · V 0 · OI 0
Puts · V 0 · OI 4
Strike25.00
Calls · V 0 · OI 29
Puts · V 0 · OI 53
Strike30.00
Calls · V 11 · OI 76
Puts · V 0 · OI 787
Strike35.00
Calls · V 0 · OI 142
Puts · V 0 · OI 9
Strike40.00
Calls · V 0 · OI 12
Puts · V 0 · OI 0

Term Structure

Expiration activity

Volume and IV
Expiry21 Aug 2026
Contracts18
Avg IV1.13
Put-call0.45
Expiry18 Sep 2026
Contracts16
Avg IV0.80
Put-call-
Expiry16 Oct 2026
Contracts28
Avg IV0.77
Put-call-
Expiry18 Dec 2026
Contracts26
Avg IV0.75
Put-call-
Expiry15 Jan 2027
Contracts18
Avg IV0.71
Put-call-

Skew

Call/put IV balance

OTM demand
21 Aug 2026Put IV premium
Call IV1.04
Put IV1.56
Skew0.52
18 Sep 2026Put IV premium
Call IV0.78
Put IV1.05
Skew0.27
16 Oct 2026Put IV premium
Call IV0.70
Put IV0.79
Skew0.09
18 Dec 2026Put IV premium
Call IV0.62
Put IV0.79
Skew0.17
15 Jan 2027Put IV premium
Call IV0.58
Put IV0.70
Skew0.12

Contract Tape

Most active contracts

Full contract tape
ContractCPS260821C00030000
SideCall
Expiry21 Aug 2026
Strike30.00
Volume11
OI76
IV0.99
ContractCPS261218C00050000
SideCall
Expiry18 Dec 2026
Strike50.00
Volume9
OI217
IV0.72
ContractCPS261218C00030000
SideCall
Expiry18 Dec 2026
Strike30.00
Volume8
OI424
IV0.73
ContractCPS261218C00025000
SideCall
Expiry18 Dec 2026
Strike25.00
Volume8
OI381
IV0.77
ContractCPS260821P00020000
SidePut
Expiry21 Aug 2026
Strike20.00
Volume5
OI22
IV1.32
ContractCPS270115C00025000
SideCall
Expiry15 Jan 2027
Strike25.00
Volume5
OI2
IV0.71
ContractCPS270115C00030000
SideCall
Expiry15 Jan 2027
Strike30.00
Volume4
OI126
IV0.67
ContractCPS270115C00045000
SideCall
Expiry15 Jan 2027
Strike45.00
Volume1
OI-
IV0.24