Ticker Options Intelligence

EVRG options intelligence

Evergy, Inc. options pressure, expected move, strike concentration, and Sharemaestro trend context.

Conviction 34 Market data through 31 Jul 2026 Checked 2 Aug 2026 00:40 · complete available chain

Options-market disagreement

Mixed pressure

EVRG currently carries mixed options pressure with a 34/100 conviction score. The nearest-chain expected move is 4.8%, with volume/open-interest participation at 0.00.

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

Options-market disagreement

Expected move 4.8%

Near-term move context

Activity / OI 0.00

Current volume is quieter versus prior open interest

Put-call 1.30

Put-side skew

Trend fit 100

Options agree with trend context

Weekly backdrop -4.8%

RS -2.0

Expected move 4.8%
Put-call volume 1.30
Volume / OI 0.00
Reference IV 0.22
Max pain 85.00
Underlying 83.01
Nearest expiry 21 Aug 2026
Contracts 176

Research Brief

EVRG has a mixed chain read with 34/100 evidence alignment.

The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 78.98–87.04; The largest call open-interest concentration is 90.00; the largest put concentration is 77.50. The most active strike by current volume is 90.00.

Priced range78.98–87.04
Call concentration90.00
Put concentration77.50
Max pain reference85.00
What would confirm it
  • A clear directional pressure reading develops and price begins to agree.
  • The current chain read already agrees with the stored weekly trend context.
What would weaken it
  • Volatility falls and the chain remains directionally mixed.

Priced Move

Where the chain says movement becomes exceptional

Size, not direction · through 21 Aug

Options imply 78.98 to 87.04. Max pain at 85.00 sits inside that range, 2.4% above spot.

Spot Max pain
78.9883.01 ± 4.0387.04
Confirmation level

A close beyond 87.04 or below 78.98 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 34/100

Evidence alignment, not probability

Pressure is 10/100 toward puts; conviction uses its strength, while the signal label carries its direction.

Directional pressure10 × 42%
+4.2

How strongly activity leans toward calls or puts.

Participation1 × 22%
+0.2

Volume relative to existing open interest and contract-level activity.

Trend agreement100 × 26%
+25.9

How closely the chain read agrees with the underlying trend backdrop.

Volatility35 × 10%
+3.5

The intensity of implied volatility and the priced move.

Reconstructed score33.7Matches stored calculation

Positioning by Strike

Where open interest and current activity concentrate

Full strike map

The largest call open-interest concentration is 90.00; the largest put concentration is 77.50. The most active strike by current volume is 90.00. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.

Put open interestStrikeCall open interest
5
60.00-27.7%
0
1
65.00-21.7%
0
0
70.00-15.7%
0
5
75.00-9.6%
0
698
77.50-6.6%
0
8
80.00-3.6%
0
27
82.50-0.6%
0
28
85.002.4%
70
3
87.505.4%
25
0
90.008.4%
708
0
92.5011.4%
24
0
95.0014.4%
0
0
100.0020.5%
0
0
105.0026.5%
0
0
110.0032.5%
0
0
115.0038.5%
0
0
120.0044.6%
0
Nearest spot strike Max pain strikeBars show relative OI within this expiry

Volatility Curve

Balanced volatility curve

0.99× front/back

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

0.22 21 Aug 21d
0.20 18 Sep 49d
0.21 18 Dec 140d
0.22 19 Mar 231d

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.

70
75
78
80
83
85
88
90
93
95
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
176 / 176
  • 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

Multi-expiry position-maintenance candidate

64/100
Primary intent Multi-expiry position-maintenance candidate

Activity is spread across expirations with heavier open interest than current volume, which can be consistent with position maintenance.

Flow vs price divergence No clean flow/price divergence

The options read is mixed, so divergence is not strong enough to classify.

Why this matters

Multi-expiry position-maintenance candidate matters because it connects the options headline to the actual evidence: $1549 of estimated gross traded notional, calls · 46-90 days · atm, and a no clean flow/price divergence backdrop. Use it as a research priority signal, then validate the chart, liquidity, event calendar, and risk before acting.

Options pressure-10
1W price-4.8%
Call premium67%
Put premium33%
Notional split C 67% / P 33% Estimated gross traded notional uses volume × contract multiplier × midpoint, or last price when no valid midpoint is available.
Freshness 0.00 Volume divided by open interest across the visible chain.
Trend fit 100/100 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. Roll detection is conservative because opening and closing legs are not directly observable in this snapshot.
Conviction clusters Calls · 46-90 days · ATM
Calls · 46-90 days · ATM calls cluster with 2 contracts traded, $445 estimated gross traded notional, and 29% of visible notional.
$445
Puts · 46-90 days · ATM puts cluster with 1 contracts traded, $370 estimated gross traded notional, and 24% of visible notional.
$370
Calls · 91+ days · OTM calls cluster with 2 contracts traded, $362 estimated gross traded notional, and 23% of visible notional.
$362
Calls · 8-21 days · ATM calls cluster with 1 contracts traded, $118 estimated gross traded notional, and 8% of visible notional.
$118
Calls · 46-90 days · OTM calls cluster with 2 contracts traded, $105 estimated gross traded notional, and 7% of visible notional.
$105

Setup Classification

Opportunity and risk frame

Context, not advice
Positive Options-confirmed trend

Positioning agrees with the Sharemaestro trend backdrop.

Warning Event-risk setup

Expected move or upcoming earnings makes the setup more event-sensitive.

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
Close83.01
1W-4.8%
RS-2.0
Fair value+33.5%
Options pressure-10
Speculation1
Volatility35
Trend fit100

Today Versus Normal

Stored-options context

View history
Expected move 4.8% history building
30d avg - · 3/10 sessions -
90d avg - · 3/30 sessions -
180d avg - · 3/60 sessions -
IV 0.22 history building
30d avg - · 3/10 sessions -
90d avg - · 3/30 sessions -
180d avg - · 3/60 sessions -
Put-call 1.30 history building
30d avg - · 3/10 sessions -
90d avg - · 3/30 sessions -
180d avg - · 3/60 sessions -
Volume/OI 0.00 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 10:19 Bearish
Pressure -33
Move 4.6%
30 Jul 10:14 Bearish
Pressure -70
Move 6.7%
30 Jul 23:28 Bullish
Pressure 24
Move 4.7%
31 Jul 00:10 Bullish
Pressure 24
Move 4.7%
31 Jul 03:51 Bearish
Pressure -30
Move 7.2%
31 Jul 17:04 Bullish
Pressure 24
Move 5.1%
1 Aug 23:40 Mixed
Pressure -10
Move 4.8%

Strike Map

Where activity is clustering

Full strike map
Strike60.00
Calls · V 0 · OI 0
Puts · V 0 · OI 5
Strike65.00
Calls · V 0 · OI 0
Puts · V 0 · OI 1
Strike70.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike75.00
Calls · V 0 · OI 0
Puts · V 0 · OI 5
Strike77.50
Calls · V 0 · OI 0
Puts · V 2 · OI 698
Strike80.00
Calls · V 0 · OI 0
Puts · V 0 · OI 8
Strike82.50
Calls · V 0 · OI 0
Puts · V 0 · OI 27
Strike85.00
Calls · V 1 · OI 70
Puts · V 0 · OI 28

Term Structure

Expiration activity

Volume and IV
Expiry21 Aug 2026
Contracts36
Avg IV0.22
Put-call0.50
Expiry18 Sep 2026
Contracts44
Avg IV0.20
Put-call0.25
Expiry18 Dec 2026
Contracts58
Avg IV0.21
Put-call5.00
Expiry19 Mar 2027
Contracts38
Avg IV0.22
Put-call-

Skew

Call/put IV balance

OTM demand
21 Aug 2026Put IV premium
Call IV0.24
Put IV0.55
Skew0.31
18 Sep 2026Balanced skew
Call IV0.18
Put IV0.21
Skew0.03
18 Dec 2026Balanced skew
Call IV0.23
Put IV0.24
Skew0.01
19 Mar 2027Put IV premium
Call IV0.18
Put IV0.25
Skew0.07

Contract Tape

Most active contracts

Full contract tape
ContractEVRG261218P00037500
SidePut
Expiry18 Dec 2026
Strike37.50
Volume10
OI-
IV0.45
ContractEVRG260821C00090000
SideCall
Expiry21 Aug 2026
Strike90.00
Volume3
OI708
IV0.14
ContractEVRG260821P00077500
SidePut
Expiry21 Aug 2026
Strike77.50
Volume2
OI698
IV0.13
ContractEVRG260918C00082500
SideCall
Expiry18 Sep 2026
Strike82.50
Volume2
OI68
IV0.14
ContractEVRG260918C00087500
SideCall
Expiry18 Sep 2026
Strike87.50
Volume1
OI723
IV0.18
ContractEVRG261218C00090000
SideCall
Expiry18 Dec 2026
Strike90.00
Volume1
OI78
IV0.19
ContractEVRG260821C00085000
SideCall
Expiry21 Aug 2026
Strike85.00
Volume1
OI70
IV0.24
ContractEVRG260918C00092500
SideCall
Expiry18 Sep 2026
Strike92.50
Volume1
OI41
IV0.20