Ticker Options Intelligence

CNI options intelligence

Canadian National Railway Company options pressure, expected move, strike concentration, and Sharemaestro trend context.

Conviction 44 Market data through 29 Jul 2026 Checked 30 Jul 2026 02:00 · complete available chain

Put-side pressure

Bearish pressure

CNI currently carries bearish options pressure with a 44/100 conviction score. The nearest-chain expected move is 4.8%, with volume/open-interest participation at 0.02.

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

Put-side pressure

Expected move 4.8%

Near-term move context

Activity / OI 0.02

Current volume is quieter versus prior open interest

Put-call 2.47

Put-side skew

Trend fit 68

Options agree with trend context

Weekly backdrop +0.3%

RS 16.6

Expected move 4.8%
Put-call volume 2.47
Volume / OI 0.02
Reference IV 0.24
Max pain 130.00
Underlying 129.48
Nearest expiry 21 Aug 2026
Contracts 286

Options Intent Radar

Put-heavy activity

74/100
Primary intent Put-heavy activity

Put-side activity dominates. This can reflect hedging or directional positioning, but the chain alone cannot distinguish buying from selling.

Flow vs price divergence Bearish flow before price confirmation

Put-side pressure is present before a decisive weekly price breakdown.

Why this matters

Put-heavy activity matters because it connects the options headline to the actual evidence: $62358 of estimated gross traded notional, puts · 46-90 days · otm, and a bearish flow before price confirmation backdrop. Use it as a research priority signal, then validate the chart, liquidity, event calendar, and risk before acting.

Options pressure-34
1W price+0.3%
Call premium24%
Put premium76%
Notional split C 24% / P 76% 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 68/100 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 Puts · 46-90 days · OTM
Puts · 46-90 days · OTM puts cluster with 101 contracts traded, $22978 estimated gross traded notional, and 37% of visible notional.
$22978
Puts · 22-45 days · ATM puts cluster with 61 contracts traded, $17995 estimated gross traded notional, and 29% of visible notional.
$17995
Calls · 91+ days · OTM calls cluster with 60 contracts traded, $11605 estimated gross traded notional, and 19% of visible notional.
$11605
Puts · 46-90 days · ITM puts cluster with 8 contracts traded, $6080 estimated gross traded notional, and 10% of visible notional.
$6080
Calls · 22-45 days · ATM calls cluster with 5 contracts traded, $1612 estimated gross traded notional, and 3% of visible notional.
$1612

Setup Classification

Opportunity and risk frame

Context, not advice
Positive Options-confirmed trend

Positioning agrees with the Sharemaestro trend backdrop.

Warning Crowded strike risk

Underlying price is close to the max-pain zone.

Activity Anomaly

Normal range

33

Activity is broadly in line with recent stored snapshots.

Volume rank0th
Volume/OI rank0th
IV rank100th

Market Context

Underlying confirmation

Sharemaestro weekly
Close129.48
1W+0.3%
RS16.6
Fair value+21.8%
Options pressure-34
Speculation40
Volatility36
Trend fit68

Today Versus Normal

Stored-options context

View history
Expected move 4.8% muted
30d avg 4.9% · 1 read 0th
90d avg 4.9% · 1 read 0th
180d avg 4.9% · 1 read 0th
IV 0.24 elevated
30d avg 0.24 · 1 read 100th
90d avg 0.24 · 1 read 100th
180d avg 0.24 · 1 read 100th
Put-call 2.47 elevated
30d avg 0.40 · 1 read 100th
90d avg 0.40 · 1 read 100th
180d avg 0.40 · 1 read 100th
Volume/OI 0.02 muted
30d avg 0.02 · 1 read 0th
90d avg 0.02 · 1 read 0th
180d avg 0.02 · 1 read 0th

Pressure Trail

Recent pressure and volatility

Open trail
29 Jul 10:05 Bullish
Pressure 51
Move 4.9%
30 Jul 01:00 Bearish
Pressure -34
Move 4.8%

Strike Map

Where activity is clustering

Full strike map
Strike60.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike65.00
Calls · V 0 · OI 0
Puts · V 2 · OI 0
Strike70.00
Calls · V 0 · OI 0
Puts · V 6 · OI 0
Strike75.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike80.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike85.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike90.00
Calls · V 0 · OI 0
Puts · V 0 · OI 1
Strike95.00
Calls · V 0 · OI 0
Puts · V 0 · OI 10

Term Structure

Expiration activity

Volume and IV
Expiry21 Aug 2026
Contracts48
Avg IV0.24
Put-call7.67
Expiry18 Sep 2026
Contracts50
Avg IV0.23
Put-call-
Expiry16 Oct 2026
Contracts44
Avg IV0.21
Put-call-
Expiry15 Jan 2027
Contracts46
Avg IV0.23
Put-call-
Expiry19 Feb 2027
Contracts48
Avg IV0.24
Put-call-

Skew

Call/put IV balance

OTM demand
21 Aug 2026Balanced skew
Call IV0.23
Put IV0.25
Skew0.02
18 Sep 2026Put IV premium
Call IV0.20
Put IV0.29
Skew0.09
16 Oct 2026Balanced skew
Call IV0.18
Put IV0.21
Skew0.03
15 Jan 2027Balanced skew
Call IV0.19
Put IV0.24
Skew0.05
19 Feb 2027Balanced skew
Call IV0.22
Put IV0.25
Skew0.03

Contract Tape

Most active contracts

Full contract tape
ContractCNI260918P00125000
SidePut
Expiry18 Sep 2026
Strike125.00
Volume101
OI3
IV0.24
ContractCNI260821P00130000
SidePut
Expiry21 Aug 2026
Strike130.00
Volume61
OI814
IV0.23
ContractCNI270115C00150000
SideCall
Expiry15 Jan 2027
Strike150.00
Volume59
OI46
IV0.21
ContractCNI260918P00135000
SidePut
Expiry18 Sep 2026
Strike135.00
Volume8
OI500
IV0.26
ContractCNI260821P00070000
SidePut
Expiry21 Aug 2026
Strike70.00
Volume6
OI-
IV0.84
ContractCNI260821C00130000
SideCall
Expiry21 Aug 2026
Strike130.00
Volume5
OI712
IV0.24
ContractCNI260821C00140000
SideCall
Expiry21 Aug 2026
Strike140.00
Volume3
OI374
IV0.23
ContractCNI261016C00135000
SideCall
Expiry16 Oct 2026
Strike135.00
Volume2
OI297
IV0.20