Primary read
Bullish
Call-side pressure
Ticker Options Intelligence
NGVT options intelligence
Ingevity Corp options pressure, expected move, strike concentration, and Sharemaestro trend context.
Conviction
60
Market data through 31 Jul 2026
Checked 1 Aug 2026 09:58 · complete available chain
Call-side pressure
Bullish pressure
NGVT currently carries bullish options pressure with a 60/100 conviction score. The nearest-chain expected move is 7.5%, with volume/open-interest participation at 0.83.
Expected move
7.5%
Wider near-term move priced
Activity / OI
0.83
Current volume is elevated versus prior open interest
Put-call
0.00
Call-side skew
Trend fit
0
Options are not fully confirming trend
Weekly backdrop
-4.3%
RS 6.8
Expected move
7.5%
Put-call volume
-
Volume / OI
0.83
Reference IV
0.30
Max pain
72.50
Underlying
73.26
Nearest expiry
21 Aug 2026
Contracts
178
Research Brief
NGVT has a bullish chain read with 60/100 evidence alignment.
The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 67.76–78.76; The largest call open-interest concentration is 72.50; the largest put concentration is 70.00. The most active strike by current volume is 70.00.
Priced range67.76–78.76
Call concentration72.50
Put concentration70.00
Max pain reference72.50
- 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 67.76 to 78.76. Max pain at 72.50 sits inside that range, 1.0% below spot.
Spot
Max pain
67.7673.26 ± 5.5078.76
Confirmation level
A close beyond 78.76 or below 67.76 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 60/100
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.
Participation59 × 22%
+13.0
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.
Volatility51 × 10%
+5.1
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 72.50; the largest put concentration is 70.00. The most active strike by current volume is 70.00. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.
Put open interestStrikeCall open interest
0
47.50-35.2%
0
0
50.00-31.7%
0
0
55.00-24.9%
0
0
60.00-18.1%
0
0
62.50-14.7%
0
0
65.00-11.3%
0
0
67.50-7.9%
0
1
70.00-4.4%
0
1
72.50-1.0%
1
0
75.002.4%
0
0
77.505.8%
0
0
80.009.2%
1
0
82.5012.6%
0
0
85.0016.0%
1
0
90.0022.9%
0
0
95.0029.7%
0
0
100.0036.5%
0
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.
0.30
21 Aug
21d
0.24
18 Sep
49d
0.35
16 Oct
77d
0.36
15 Jan
168d
Volatility by Strike
Downside protection premium
Out-of-the-money puts carry higher implied volatility than comparable calls, indicating richer downside protection.
60
63
65
68
70
73
75
78
80
83
85
Put IV Call IV
Historical Replay
How matured reads behaved through expiry
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
Retained chain100%
Implied volatility100%
Two-sided quotes100%
Open interest100%
- Chain status
- Complete available chain
- Market date
- 31 Jul 2026
- Calculation
- v2.0
- Contracts
- 178 / 178
- 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 are leaning call-side while the stock is down on the week, a divergence that needs price confirmation.
Earnings/event positioning matters because it connects the options headline to the actual evidence: $41080 of estimated gross traded notional, calls · 46-90 days · atm, 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+100
1W price-4.3%
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
0.83
Volume divided by open interest across the visible chain.
Trend fit
0/100
Agreement between options pressure and Sharemaestro market context.
Event window
3 Aug
Matched earnings event is 2 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 · ATM
calls cluster with 50 contracts traded, $22740 estimated gross traded notional, and 55% of visible notional.
$22740
Calls · 46-90 days · OTM
calls cluster with 23 contracts traded, $8740 estimated gross traded notional, and 21% of visible notional.
$8740
Calls · 91+ days · OTM
calls cluster with 16 contracts traded, $8740 estimated gross traded notional, and 21% of visible notional.
$8740
Calls · 8-21 days · ITM
calls cluster with 2 contracts traded, $860 estimated gross traded notional, and 2% of visible notional.
$860
Setup Classification
Opportunity and risk frame
Participation is active enough to treat follow-through risk carefully.
Expected move or upcoming earnings makes the setup more event-sensitive.
Options positioning is not confirming the underlying trend context.
Underlying price is close to the max-pain zone.
Call pressure is building while the stock sits above Sharemaestro fair value.
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
Close73.26
1W-4.3%
RS6.8
Fair value+45.5%
Options pressure100
Speculation59
Volatility51
Trend fit0
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 - · 2/10 sessions
-
90d avg - · 2/30 sessions
-
180d avg - · 2/60 sessions
-
30d avg - · 3/10 sessions
-
90d avg - · 3/30 sessions
-
180d avg - · 3/60 sessions
-
Pressure Trail
Recent pressure and volatility
29 Jul 10:58
Volatility
Pressure -90
Move 10.9%
30 Jul 10:47
Mixed
Pressure 10
Move 9.7%
31 Jul 11:07
Bullish
Pressure 100
Move 8.1%
31 Jul 16:53
Volatility
Pressure 100
Move 17.1%
31 Jul 20:02
Volatility
Pressure 100
Move 17.2%
1 Aug 00:15
Volatility
Pressure 100
Move 17.6%
1 Aug 08:58
Bullish
Pressure 100
Move 7.5%
Strike Map
Where activity is clustering
Strike47.50
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike50.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike55.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike60.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike62.50
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike65.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike67.50
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike70.00
Calls · V 2 · OI 0
Puts · V 0 · OI 1
Term Structure
Expiration activity
Expiry21 Aug 2026
Contracts38
Avg IV0.30
Put-call-
Expiry18 Sep 2026
Contracts38
Avg IV0.24
Put-call-
Expiry16 Oct 2026
Contracts52
Avg IV0.35
Put-call-
Expiry15 Jan 2027
Contracts50
Avg IV0.36
Put-call-
Skew
Call/put IV balance
21 Aug 2026Put IV premium
Call IV0.05
Put IV0.87
Skew0.82
18 Sep 2026Put IV premium
Call IV0.03
Put IV0.39
Skew0.35
16 Oct 2026Balanced skew
Call IV0.40
Put IV0.40
Skew-
15 Jan 2027Balanced skew
Call IV0.37
Put IV0.36
Skew-0.01
Contract Tape
Most active contracts
ContractNGVT261016C00075000
SideCall
Expiry16 Oct 2026
Strike75.00
Volume42
OI-
IV0.37
ContractNGVT261016C00077500
SideCall
Expiry16 Oct 2026
Strike77.50
Volume23
OI1
IV0.40
ContractNGVT270115C00077500
SideCall
Expiry15 Jan 2027
Strike77.50
Volume11
OI1
IV0.39
ContractNGVT261016C00072500
SideCall
Expiry16 Oct 2026
Strike72.50
Volume8
OI-
IV0.40
ContractNGVT270115C00080000
SideCall
Expiry15 Jan 2027
Strike80.00
Volume2
OI83
IV0.39
ContractNGVT260821C00070000
SideCall
Expiry21 Aug 2026
Strike70.00
Volume2
OI-
IV0.34
ContractNGVT270115C00090000
SideCall
Expiry15 Jan 2027
Strike90.00
Volume1
OI2
IV0.37
ContractNGVT270115C00095000
SideCall
Expiry15 Jan 2027
Strike95.00
Volume1
OI1
IV0.14
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.