Primary read
Bullish
Call-side pressure
Ticker Options Intelligence
CUBE options intelligence
CubeSmart options pressure, expected move, strike concentration, and Sharemaestro trend context.
Conviction
36
Market data through 30 Jul 2026
Checked 31 Jul 2026 11:18 · complete available chain
Call-side pressure
Bullish pressure
CUBE currently carries bullish options pressure with a 36/100 conviction score. The nearest-chain expected move is 6.5%, with volume/open-interest participation at 0.05.
Expected move
6.5%
Wider near-term move priced
Activity / OI
0.05
Current volume is quieter versus prior open interest
Put-call
0.76
Balanced tape
Trend fit
72
Options agree with trend context
Weekly backdrop
-1.5%
RS -1.1
Expected move
6.5%
Put-call volume
0.76
Volume / OI
0.05
Reference IV
0.36
Max pain
37.50
Underlying
42.09
Nearest expiry
21 Aug 2026
Contracts
104
Research Brief
CUBE has a bullish chain read with 36/100 evidence alignment.
The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 39.36–44.82; The largest call open-interest concentration is 45.00; the largest put concentration is 40.00. The most active strike by current volume is 42.50.
Priced range39.36–44.82
Call concentration45.00
Put concentration40.00
Max pain reference37.50
- Price holds or improves while call-side concentration remains elevated.
- The current chain read already agrees with the stored weekly trend context.
- Price weakens while call pressure fades or reverses toward puts.
- 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
Options imply 39.36 to 44.82. Max pain at 37.50 lies outside the priced range, so it is a weak near-term anchor.
Spot
Max pain
39.3642.09 ± 2.7344.82
Confirmation level
A close beyond 44.82 or below 39.36 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 36/100
Pressure is 23/100 toward calls; conviction uses its strength, while the signal label carries its direction.
Directional pressure23 × 42%
+9.6
How strongly activity leans toward calls or puts.
Participation13 × 22%
+2.9
Volume relative to existing open interest and contract-level activity.
Trend agreement72 × 26%
+18.6
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 45.00; the largest put concentration is 40.00. The most active strike by current volume is 42.50. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.
Put open interestStrikeCall open interest
6
20.00-52.5%
0
0
22.50-46.5%
0
30
25.00-40.6%
0
32
27.50-34.7%
0
50
30.00-28.7%
10
48
32.50-22.8%
2
57
35.00-16.8%
29
65
37.50-10.9%
118
101
40.00-5.0%
245
8
42.501.0%
473
3
45.006.9%
812
0
47.5012.9%
36
0
50.0018.8%
62
Nearest spot strike Max pain strikeBars show relative OI within this expiry
Volatility Curve
Front-loaded volatility
Near-term options are materially richer than later expirations, consistent with concentrated event or immediate-risk pricing.
0.36
21 Aug
22d
0.25
18 Sep
50d
0.21
20 Nov
113d
0.25
19 Feb
204d
Volatility by Strike
Upside optionality premium
Out-of-the-money calls carry higher implied volatility than comparable puts, indicating richer upside optionality.
35
38
40
43
45
48
50
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
Usable with limits
Retained chain100%
Implied volatility100%
Two-sided quotes100%
Open interest100%
- Chain status
- Complete available chain
- Market date
- 30 Jul 2026
- Calculation
- v2.0
- Contracts
- 104 / 104
- 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
Call-heavy activity with trend alignment
Call concentration and the underlying trend align, but aggregate volume cannot establish whether calls were bought or sold.
Options are leaning call-side while the stock is down on the week, a divergence that needs price confirmation.
Call-heavy activity with trend alignment matters because it connects the options headline to the actual evidence: $9384 of estimated gross traded notional, calls · 8-21 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+23
1W price-1.5%
Call premium96%
Put premium4%
Notional split
C 96% / P 4%
Estimated gross traded notional uses volume × contract multiplier × midpoint, or last price when no valid midpoint is available.
Freshness
0.05
Volume divided by open interest across the visible chain.
Trend fit
72/100
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.
Calls · 8-21 days · ATM
calls cluster with 70 contracts traded, $5250 estimated gross traded notional, and 56% of visible notional.
$5250
Calls · 46-90 days · ITM
calls cluster with 7 contracts traded, $2190 estimated gross traded notional, and 23% of visible notional.
$2190
Calls · 8-21 days · ITM
calls cluster with 5 contracts traded, $1562 estimated gross traded notional, and 17% of visible notional.
$1562
Puts · 8-21 days · OTM
puts cluster with 61 contracts traded, $249 estimated gross traded notional, and 3% of visible notional.
$249
Puts · 46-90 days · OTM
puts cluster with 1 contracts traded, $132 estimated gross traded notional, and 1% of visible notional.
$132
Setup Classification
Opportunity and risk frame
Positioning agrees with the Sharemaestro trend backdrop.
Expected move or upcoming earnings makes the setup more event-sensitive.
Activity Anomaly
Warming up
2 of 10 completed market sessions are available. More session history is needed before activity can be compared with a reliable normal.
Baseline: 2 completed sessions
Volume rank-
Volume/OI rank-
IV rank-
Market Context
Underlying confirmation
Close41.46
1W-1.5%
RS-1.1
Fair value+5.1%
Options pressure23
Speculation13
Volatility51
Trend fit72
Today Versus Normal
Stored-options context
30d avg - · 2/10 sessions
-
90d avg - · 2/30 sessions
-
180d avg - · 2/60 sessions
-
30d avg - · 2/10 sessions
-
90d avg - · 2/30 sessions
-
180d avg - · 2/60 sessions
-
30d avg - · 2/10 sessions
-
90d avg - · 2/30 sessions
-
180d avg - · 2/60 sessions
-
30d avg - · 2/10 sessions
-
90d avg - · 2/30 sessions
-
180d avg - · 2/60 sessions
-
Pressure Trail
Recent pressure and volatility
29 Jul 10:29
Bearish
Pressure -45
Move 6.2%
30 Jul 10:24
Bullish
Pressure 100
Move 5.8%
30 Jul 15:30
Bullish
Pressure 34
Move 6.4%
30 Jul 15:48
Bullish
Pressure 34
Move 6.5%
30 Jul 19:47
Bullish
Pressure 52
Move 6.4%
31 Jul 10:18
Bullish
Pressure 23
Move 6.5%
Strike Map
Where activity is clustering
Strike20.00
Calls · V 0 · OI 0
Puts · V 0 · OI 6
Strike22.50
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike25.00
Calls · V 0 · OI 0
Puts · V 0 · OI 30
Strike27.50
Calls · V 0 · OI 0
Puts · V 0 · OI 32
Strike30.00
Calls · V 0 · OI 10
Puts · V 58 · OI 50
Strike32.50
Calls · V 0 · OI 2
Puts · V 0 · OI 48
Strike35.00
Calls · V 0 · OI 29
Puts · V 2 · OI 57
Strike37.50
Calls · V 2 · OI 118
Puts · V 0 · OI 65
Term Structure
Expiration activity
Expiry21 Aug 2026
Contracts26
Avg IV0.36
Put-call0.81
Expiry18 Sep 2026
Contracts26
Avg IV0.25
Put-call0.14
Expiry20 Nov 2026
Contracts26
Avg IV0.21
Put-call-
Expiry19 Feb 2027
Contracts26
Avg IV0.25
Put-call-
Skew
Call/put IV balance
21 Aug 2026Call IV premium
Call IV0.65
Put IV0.30
Skew-0.35
18 Sep 2026Call IV premium
Call IV0.77
Put IV0.49
Skew-0.27
20 Nov 2026Put IV premium
Call IV0.06
Put IV0.37
Skew0.30
19 Feb 2027Put IV premium
Call IV0.04
Put IV0.35
Skew0.30
Contract Tape
Most active contracts
ContractCUBE260821C00042500
SideCall
Expiry21 Aug 2026
Strike42.50
Volume70
OI473
IV0.31
ContractCUBE260821P00030000
SidePut
Expiry21 Aug 2026
Strike30.00
Volume58
OI50
IV0.53
ContractCUBE260918C00040000
SideCall
Expiry18 Sep 2026
Strike40.00
Volume6
OI4
IV0.36
ContractCUBE260821C00040000
SideCall
Expiry21 Aug 2026
Strike40.00
Volume3
OI245
IV0.44
ContractCUBE260821C00037500
SideCall
Expiry21 Aug 2026
Strike37.50
Volume2
OI118
IV0.35
ContractCUBE260821P00035000
SidePut
Expiry21 Aug 2026
Strike35.00
Volume2
OI57
IV0.30
ContractCUBE260821P00040000
SidePut
Expiry21 Aug 2026
Strike40.00
Volume1
OI101
IV0.30
ContractCUBE260918P00037500
SidePut
Expiry18 Sep 2026
Strike37.50
Volume1
OI2
IV0.49
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
No upcoming matched earnings event.
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.