Ticker Options Intelligence

HASI options intelligence

Hannon Armstrong Sustainable Infrastructure Capital Inc options pressure, expected move, strike concentration, and Sharemaestro trend context.

Conviction 51 Market data through 31 Jul 2026 Checked 2 Aug 2026 09:34 · complete available chain

Volatility expansion watch

Volatility pressure

HASI currently carries volatility options pressure with a 51/100 conviction score. The nearest-chain expected move is 9.7%, with volume/open-interest participation at 0.20.

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

Volatility expansion watch

Expected move 9.7%

Wider near-term move priced

Activity / OI 0.20

Current volume is quieter versus prior open interest

Put-call 0.08

Call-side skew

Trend fit 0

Options are not fully confirming trend

Weekly backdrop -1.3%

RS 2.1

Expected move 9.7%
Put-call volume 0.08
Volume / OI 0.20
Reference IV 0.64
Max pain 35.00
Underlying 37.87
Nearest expiry 21 Aug 2026
Contracts 71

Research Brief

HASI has a volatility chain read with 51/100 evidence alignment.

The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 34.19–41.55; The largest call open-interest concentration is 40.00; the largest put concentration is 35.00. The most active strike by current volume is 40.00.

Priced range34.19–41.55
Call concentration40.00
Put concentration35.00
Max pain reference35.00
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.

Priced Move

Where the chain says movement becomes exceptional

Size, not direction · through 21 Aug

Options imply 34.19 to 41.55. Max pain at 35.00 sits inside that range, 7.6% below spot.

Spot Max pain
34.1937.87 ± 3.6841.55
Confirmation level

A close beyond 41.55 or below 34.19 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 51/100

Evidence alignment, not probability

Pressure is 93/100 toward calls; conviction uses its strength, while the signal label carries its direction.

Directional pressure93 × 42%
+39.3

How strongly activity leans toward calls or puts.

Participation17 × 22%
+3.6

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 score51.3Matches stored calculation

Positioning by Strike

Where open interest and current activity concentrate

Full strike map

The largest call open-interest concentration is 40.00; the largest put concentration is 35.00. The most active strike by current volume is 40.00. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.

Put open interestStrikeCall open interest
0
17.50-53.8%
0
9
20.00-47.2%
0
0
22.50-40.6%
0
23
25.00-34.0%
0
84
30.00-20.8%
0
156
35.00-7.6%
103
34
40.005.6%
840
0
45.0018.8%
496
0
50.0032.0%
21
0
55.0045.2%
10
Nearest spot strike Max pain strikeBars show relative OI within this expiry

Volatility Curve

Balanced volatility curve

1.11× front/back

Near- and longer-dated implied volatility are broadly aligned; no exceptional front-expiry premium is visible.

0.64 21 Aug 21d
0.41 18 Sep 49d
0.40 20 Nov 112d
0.52 18 Dec 140d
0.58 19 Mar 231d

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.

35
40
45
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

A96/100
Retained chain100%
Implied volatility100%
Two-sided quotes100%
Open interest100%
Chain status
Complete available chain
Market date
31 Jul 2026
Calculation
v2.0
Contracts
71 / 71
  • 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

91/100
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: $162460 of estimated gross traded notional, calls · 8-21 days · otm, 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+93
1W price-1.3%
Call premium92%
Put premium8%
Notional split C 92% / P 8% Estimated gross traded notional uses volume × contract multiplier × midpoint, or last price when no valid midpoint is available.
Freshness 0.20 Volume divided by open interest across the visible chain.
Trend fit 0/100 Agreement between options pressure and Sharemaestro market context.
Event window 6 Aug Matched earnings event is 4 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 · OTM
Calls · 8-21 days · OTM calls cluster with 718 contracts traded, $67897 estimated gross traded notional, and 42% of visible notional.
$67897
Calls · 91+ days · ITM calls cluster with 43 contracts traded, $40197 estimated gross traded notional, and 25% of visible notional.
$40197
Calls · 8-21 days · ITM calls cluster with 33 contracts traded, $32315 estimated gross traded notional, and 20% of visible notional.
$32315
Puts · 91+ days · ITM puts cluster with 22 contracts traded, $8155 estimated gross traded notional, and 5% of visible notional.
$8155
Calls · 46-90 days · ITM calls cluster with 7 contracts traded, $6426 estimated gross traded notional, and 4% of visible notional.
$6426

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

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
Close37.87
1W-1.3%
RS2.1
Fair value+35.4%
Options pressure93
Speculation17
Volatility84
Trend fit0

Today Versus Normal

Stored-options context

View history
Expected move 9.7% history building
30d avg - · 3/10 sessions -
90d avg - · 3/30 sessions -
180d avg - · 3/60 sessions -
IV 0.64 history building
30d avg - · 3/10 sessions -
90d avg - · 3/30 sessions -
180d avg - · 3/60 sessions -
Put-call 0.08 history building
30d avg - · 3/10 sessions -
90d avg - · 3/30 sessions -
180d avg - · 3/60 sessions -
Volume/OI 0.20 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 10:38 Bullish
Pressure 49
Move 9.3%
30 Jul 10:35 Mixed
Pressure 10
Move 9.8%
30 Jul 23:44 Bullish
Pressure 40
Move 10.1%
31 Jul 09:27 Volatility
Pressure 89
Move 10.1%
1 Aug 10:27 Volatility
Pressure 100
Move 9.6%
2 Aug 06:53 Volatility
Pressure 100
Move 9.7%
2 Aug 08:34 Volatility
Pressure 93
Move 9.7%

Strike Map

Where activity is clustering

Full strike map
Strike17.50
Calls · V 0 · OI 0
Puts · V 1 · OI 0
Strike20.00
Calls · V 0 · OI 0
Puts · V 1 · OI 9
Strike22.50
Calls · V 4 · OI 0
Puts · V 1 · OI 0
Strike25.00
Calls · V 10 · OI 0
Puts · V 1 · OI 23
Strike30.00
Calls · V 15 · OI 0
Puts · V 1 · OI 84
Strike35.00
Calls · V 4 · OI 103
Puts · V 15 · OI 156
Strike40.00
Calls · V 714 · OI 840
Puts · V 1 · OI 34
Strike45.00
Calls · V 2 · OI 496
Puts · V 0 · OI 0

Term Structure

Expiration activity

Volume and IV
Expiry21 Aug 2026
Contracts17
Avg IV0.64
Put-call0.03
Expiry18 Sep 2026
Contracts15
Avg IV0.41
Put-call0.17
Expiry20 Nov 2026
Contracts19
Avg IV0.40
Put-call0.90
Expiry18 Dec 2026
Contracts14
Avg IV0.52
Put-call0.26
Expiry19 Mar 2027
Contracts6
Avg IV0.58
Put-call-

Skew

Call/put IV balance

OTM demand
21 Aug 2026Balanced skew
Call IV0.50
Put IV0.51
Skew0.01
18 Sep 2026Balanced skew
Call IV0.49
Put IV0.52
Skew0.04
20 Nov 2026Put IV premium
Call IV0.43
Put IV0.52
Skew0.09
18 Dec 2026Balanced skew
Call IV0.43
Put IV0.47
Skew0.04
19 Mar 2027Balanced skew
Call IV0.54
Put IV0.58
Skew0.04

Contract Tape

Most active contracts

Full contract tape
ContractHASI261120P00050000
SidePut
Expiry20 Nov 2026
Strike50.00
Volume-
OI13
IV0.65
ContractHASI270319C00025000
SideCall
Expiry19 Mar 2027
Strike25.00
Volume-
OI3
IV0.68
ContractHASI260918C00020000
SideCall
Expiry18 Sep 2026
Strike20.00
Volume-
OI1
IV0.00
ContractHASI260918P00050000
SidePut
Expiry18 Sep 2026
Strike50.00
Volume-
OI1
IV1.19
ContractHASI261218P00025000
SidePut
Expiry18 Dec 2026
Strike25.00
Volume-
OI1
IV0.50
ContractHASI270319P00025000
SidePut
Expiry19 Mar 2027
Strike25.00
Volume-
OI1
IV0.58
ContractHASI270319C00050000
SideCall
Expiry19 Mar 2027
Strike50.00
Volume-
OI1
IV0.54
ContractHASI270319P00020000
SidePut
Expiry19 Mar 2027
Strike20.00
Volume-
OI1
IV0.62