Primary read
Volatility
Volatility expansion watch
Ticker Options Intelligence
INFQ options intelligence
Infleqtion, Inc. options pressure, expected move, strike concentration, and Sharemaestro trend context.
Conviction
51
Market data through 31 Jul 2026
Checked 31 Jul 2026 17:34 · complete available chain
Volatility expansion watch
Volatility pressure
INFQ currently carries volatility options pressure with a 51/100 conviction score. The nearest-chain expected move is 23.1%, with volume/open-interest participation at 0.02.
Expected move
23.1%
Wider near-term move priced
Activity / OI
0.02
Current volume is quieter versus prior open interest
Put-call
0.17
Call-side skew
Trend fit
20
Options are not fully confirming trend
Weekly backdrop
+9.6%
Sharemaestro weekly context
Expected move
23.1%
Put-call volume
0.17
Volume / OI
0.02
Reference IV
1.13
Max pain
10.00
Underlying
8.97
Nearest expiry
21 Aug 2026
Contracts
180
Research Brief
INFQ 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 6.89–11.05; The largest call open-interest concentration is 15.00; the largest put concentration is 10.00. The most active strike by current volume is 14.00.
Priced range6.89–11.05
Call concentration15.00
Put concentration10.00
Max pain reference10.00
- A clear directional pressure reading develops and price begins to agree.
- 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
Options imply 6.89 to 11.05. Max pain at 10.00 sits inside that range, 11.5% above spot.
Spot
Max pain
6.898.97 ± 2.0811.05
Confirmation level
A close beyond 11.05 or below 6.89 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
Pressure is 80/100 toward calls; conviction uses its strength, while the signal label carries its direction.
Directional pressure80 × 42%
+33.5
How strongly activity leans toward calls or puts.
Participation14 × 22%
+3.0
Volume relative to existing open interest and contract-level activity.
Trend agreement20 × 26%
+5.3
How closely the chain read agrees with the underlying trend backdrop.
Volatility96 × 10%
+9.6
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 15.00; the largest put concentration is 10.00. The most active strike by current volume is 14.00. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.
Put open interestStrikeCall open interest
2
2.50-72.1%
1
503
5.00-44.3%
2
30
6.00-33.1%
4
1846
7.50-16.4%
332
1355
9.000.3%
953
3546
10.0011.5%
5798
83
11.0022.6%
2933
2552
12.5039.4%
8766
7
14.0056.1%
1545
1105
15.0067.2%
10516
288
17.5095.1%
5931
30
20.00123.0%
4321
3
22.50150.8%
279
1
25.00178.7%
2506
0
30.00234.4%
117
Nearest spot strike Max pain strikeBars show relative OI within this expiry
Volatility Curve
Balanced volatility curve
Near- and longer-dated implied volatility are broadly aligned; no exceptional front-expiry premium is visible.
1.13
21 Aug
21d
1.08
18 Sep
49d
1.08
16 Oct
77d
1.11
15 Jan
168d
1.12
19 Mar
231d
1.15
17 Jun
321d
1.18
21 Jan
539d
Volatility by Strike
Downside protection premium
Out-of-the-money puts carry higher implied volatility than comparable calls, indicating richer downside protection.
8
9
10
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 interest99%
- Chain status
- Complete available chain
- Market date
- 31 Jul 2026
- Calculation
- v2.0
- Contracts
- 180 / 180
- 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 pricing movement more than direction; compare expected move with the stock's actual weekly change.
Earnings/event positioning matters because it connects the options headline to the actual evidence: $594922 of estimated gross traded notional, puts · 91+ days · itm, 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+80
1W price+9.6%
Call premium62%
Put premium38%
Notional split
C 62% / P 38%
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
20/100
Agreement between options pressure and Sharemaestro market context.
Event window
13 Aug
Matched earnings event is 11 days away.
Aggregate chain data does not identify trade aggressor or opening versus closing activity; call/put concentration is not proof of market direction.
Puts · 91+ days · ITM
puts cluster with 139 contracts traded, $169838 estimated gross traded notional, and 29% of visible notional.
$169838
Calls · 91+ days · OTM
calls cluster with 507 contracts traded, $102608 estimated gross traded notional, and 17% of visible notional.
$102608
Calls · 91+ days · ITM
calls cluster with 208 contracts traded, $90115 estimated gross traded notional, and 15% of visible notional.
$90115
Calls · 46-90 days · OTM
calls cluster with 852 contracts traded, $62745 estimated gross traded notional, and 11% of visible notional.
$62745
Calls · 8-21 days · OTM
calls cluster with 1512 contracts traded, $51972 estimated gross traded notional, and 9% of visible notional.
$51972
Setup Classification
Opportunity and risk frame
The tape is pricing or displaying unusually elevated activity.
Expected move or upcoming earnings makes the setup more event-sensitive.
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
Close9.83
1W+9.6%
RS-
Fair value-19.8%
Options pressure80
Speculation14
Volatility96
Trend fit20
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 - · 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
-
Pressure Trail
Recent pressure and volatility
29 Jul 10:44
Volatility
Pressure 85
Move 24.0%
30 Jul 10:40
Volatility
Pressure 88
Move 23.1%
31 Jul 12:19
Volatility
Pressure 83
Move 25.1%
31 Jul 13:35
Bullish
Pressure 80
Move 24.4%
31 Jul 13:55
Volatility
Pressure 58
Move 25.4%
31 Jul 15:25
Volatility
Pressure 68
Move 24.5%
31 Jul 16:34
Volatility
Pressure 80
Move 23.1%
Strike Map
Where activity is clustering
Strike2.50
Calls · V 1 · OI 1
Puts · V 2 · OI 2
Strike5.00
Calls · V 2 · OI 2
Puts · V 3 · OI 503
Strike6.00
Calls · V 3 · OI 4
Puts · V 7 · OI 30
Strike7.50
Calls · V 33 · OI 332
Puts · V 8 · OI 1846
Strike9.00
Calls · V 186 · OI 953
Puts · V 28 · OI 1355
Strike10.00
Calls · V 119 · OI 5798
Puts · V 23 · OI 3546
Strike11.00
Calls · V 223 · OI 2933
Puts · V 2 · OI 83
Strike12.50
Calls · V 275 · OI 8766
Puts · V 1 · OI 2552
Term Structure
Expiration activity
Expiry21 Aug 2026
Contracts30
Avg IV1.13
Put-call0.05
Expiry18 Sep 2026
Contracts19
Avg IV1.08
Put-call0.18
Expiry16 Oct 2026
Contracts29
Avg IV1.08
Put-call0.22
Expiry15 Jan 2027
Contracts31
Avg IV1.11
Put-call0.28
Expiry19 Mar 2027
Contracts25
Avg IV1.12
Put-call0.48
Skew
Call/put IV balance
21 Aug 2026Put IV premium
Call IV1.03
Put IV1.15
Skew0.12
18 Sep 2026Balanced skew
Call IV1.04
Put IV1.06
Skew0.02
16 Oct 2026Balanced skew
Call IV1.07
Put IV1.05
Skew-0.03
15 Jan 2027Balanced skew
Call IV1.09
Put IV1.07
Skew-0.02
19 Mar 2027Call IV premium
Call IV1.14
Put IV1.06
Skew-0.08
Contract Tape
Most active contracts
ContractINFQ260821P00030000
SidePut
Expiry21 Aug 2026
Strike30.00
Volume-
OI-
IV3.42
ContractINFQ270115P00006000
SidePut
Expiry15 Jan 2027
Strike6.00
Volume-
OI10
IV1.05
ContractINFQ270617P00020000
SidePut
Expiry17 Jun 2027
Strike20.00
Volume-
OI4
IV1.04
ContractINFQ260918C00002500
SideCall
Expiry18 Sep 2026
Strike2.50
Volume-
OI3
IV2.70
ContractINFQ260821P00025000
SidePut
Expiry21 Aug 2026
Strike25.00
Volume-
OI1
IV2.82
ContractINFQ260918P00014000
SidePut
Expiry18 Sep 2026
Strike14.00
Volume-
OI1
IV1.21
ContractINFQ270319P00025000
SidePut
Expiry19 Mar 2027
Strike25.00
Volume-
OI-
IV0.00
ContractINFQ260821C00014000
SideCall
Expiry21 Aug 2026
Strike14.00
Volume797
OI1545
IV1.23
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.