Ticker Options Intelligence

CQP options intelligence

Cheniere Energy Partners LP options pressure, expected move, strike concentration, and Sharemaestro trend context.

Conviction 44 Market data through 31 Jul 2026 Checked 31 Jul 2026 19:46 · complete available chain

Options-market disagreement

Mixed pressure

CQP currently carries mixed options pressure with a 44/100 conviction score. The nearest-chain expected move is 10.4%, with volume/open-interest participation at 0.09.

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

Options-market disagreement

Expected move 10.4%

Wider near-term move priced

Activity / OI 0.09

Current volume is quieter versus prior open interest

Put-call 0.88

Balanced tape

Trend fit 79

Options agree with trend context

Weekly backdrop +5.2%

RS 7.1

Expected move 10.4%
Put-call volume 0.88
Volume / OI 0.09
Reference IV 0.84
Max pain 60.00
Underlying 65.64
Nearest expiry 21 Aug 2026
Contracts 53

Research Brief

CQP has a mixed chain read with 44/100 evidence alignment.

The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 58.84–72.44; The largest call open-interest concentration is 65.00; the largest put concentration is 60.00. The most active strike by current volume is 70.00.

Priced range58.84–72.44
Call concentration65.00
Put concentration60.00
Max pain reference60.00
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.
  • 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

Size, not direction · through 21 Aug

Options imply 58.84 to 72.44. Max pain at 60.00 sits inside that range, 8.6% below spot.

Spot Max pain
58.8465.64 ± 6.8072.44
Confirmation level

A close beyond 72.44 or below 58.84 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 44/100

Evidence alignment, not probability

Pressure is 15/100 toward calls; conviction uses its strength, while the signal label carries its direction.

Directional pressure15 × 42%
+6.1

How strongly activity leans toward calls or puts.

Participation34 × 22%
+7.5

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

Trend agreement79 × 26%
+20.6

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

Volatility96 × 10%
+9.6

The intensity of implied volatility and the priced move.

Reconstructed score43.8Matches stored calculation

Positioning by Strike

Where open interest and current activity concentrate

Full strike map

The largest call open-interest concentration is 65.00; the largest put concentration is 60.00. The most active strike by current volume is 70.00. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.

Put open interestStrikeCall open interest
0
30.00-54.3%
2
1
50.00-23.8%
0
4
55.00-16.2%
0
21
60.00-8.6%
30
0
65.00-1.0%
94
0
70.006.6%
45
0
85.0029.5%
2
Nearest spot strike Max pain strikeBars show relative OI within this expiry

Volatility Curve

Front-loaded volatility

2.30× front/back

Near-term options are materially richer than later expirations, consistent with concentrated event or immediate-risk pricing.

0.84 21 Aug 21d
0.46 18 Sep 49d
0.42 18 Dec 140d
0.37 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.

55
60
65
70
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 quotes98%
Open interest100%
Chain status
Complete available chain
Market date
31 Jul 2026
Calculation
v2.0
Contracts
53 / 53
  • 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

84/100
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 No clean flow/price divergence

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

Why this matters

Earnings/event positioning matters because it connects the options headline to the actual evidence: $101998 of estimated gross traded notional, calls · 46-90 days · itm, 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+15
1W price+5.2%
Call premium75%
Put premium25%
Notional split C 75% / P 25% Estimated gross traded notional uses volume × contract multiplier × midpoint, or last price when no valid midpoint is available.
Freshness 0.09 Volume divided by open interest across the visible chain.
Trend fit 79/100 Agreement between options pressure and Sharemaestro market context.
Event window 6 Aug Matched earnings event is 5 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 · 46-90 days · ITM
Calls · 46-90 days · ITM calls cluster with 22 contracts traded, $46185 estimated gross traded notional, and 45% of visible notional.
$46185
Calls · 91+ days · ITM calls cluster with 13 contracts traded, $16920 estimated gross traded notional, and 17% of visible notional.
$16920
Puts · 91+ days · ITM puts cluster with 8 contracts traded, $13270 estimated gross traded notional, and 13% of visible notional.
$13270
Calls · 91+ days · ATM calls cluster with 11 contracts traded, $6820 estimated gross traded notional, and 7% of visible notional.
$6820
Puts · 91+ days · OTM puts cluster with 58 contracts traded, $4722 estimated gross traded notional, and 5% of visible notional.
$4722

Setup Classification

Opportunity and risk frame

Context, not advice
Positive Options-confirmed trend

Positioning agrees with the Sharemaestro trend backdrop.

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.

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
Close65.64
1W+5.2%
RS7.1
Fair value+28.3%
Options pressure15
Speculation34
Volatility96
Trend fit79

Today Versus Normal

Stored-options context

View history
Expected move 10.4% history building
30d avg - · 3/10 sessions -
90d avg - · 3/30 sessions -
180d avg - · 3/60 sessions -
IV 0.84 history building
30d avg - · 3/10 sessions -
90d avg - · 3/30 sessions -
180d avg - · 3/60 sessions -
Put-call 0.88 history building
30d avg - · 3/10 sessions -
90d avg - · 3/30 sessions -
180d avg - · 3/60 sessions -
Volume/OI 0.09 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 10:14 Mixed
Pressure 8
Move 6.5%
30 Jul 10:11 Mixed
Pressure 15
Move 8.0%
30 Jul 19:58 Mixed
Pressure 8
Move 10.6%
31 Jul 02:02 Bullish
Pressure 55
Move 7.8%
31 Jul 17:30 Mixed
Pressure 13
Move 10.4%
31 Jul 18:46 Mixed
Pressure 15
Move 10.4%

Strike Map

Where activity is clustering

Full strike map
Strike30.00
Calls · V 0 · OI 2
Puts · V 0 · OI 0
Strike50.00
Calls · V 0 · OI 0
Puts · V 0 · OI 1
Strike55.00
Calls · V 0 · OI 0
Puts · V 1 · OI 4
Strike60.00
Calls · V 1 · OI 30
Puts · V 1 · OI 21
Strike65.00
Calls · V 2 · OI 94
Puts · V 0 · OI 0
Strike70.00
Calls · V 10 · OI 45
Puts · V 0 · OI 0
Strike85.00
Calls · V 0 · OI 2
Puts · V 0 · OI 0

Term Structure

Expiration activity

Volume and IV
Expiry21 Aug 2026
Contracts8
Avg IV0.84
Put-call0.15
Expiry18 Sep 2026
Contracts21
Avg IV0.46
Put-call0.35
Expiry18 Dec 2026
Contracts18
Avg IV0.42
Put-call3.72
Expiry19 Mar 2027
Contracts6
Avg IV0.37
Put-call0.08

Skew

Call/put IV balance

OTM demand
21 Aug 2026Put IV premium
Call IV0.41
Put IV0.50
Skew0.09
18 Sep 2026Put IV premium
Call IV0.34
Put IV0.51
Skew0.17
18 Dec 2026Put IV premium
Call IV0.34
Put IV0.49
Skew0.15
19 Mar 2027Balanced skew
Call IV0.35
Put IV0.39
Skew0.04

Contract Tape

Most active contracts

Full contract tape
ContractCQP260918P00080000
SidePut
Expiry18 Sep 2026
Strike80.00
Volume-
OI6
IV0.76
ContractCQP270319P00055000
SidePut
Expiry19 Mar 2027
Strike55.00
Volume-
OI3
IV0.44
ContractCQP260821C00085000
SideCall
Expiry21 Aug 2026
Strike85.00
Volume-
OI2
IV0.48
ContractCQP260821C00030000
SideCall
Expiry21 Aug 2026
Strike30.00
Volume-
OI2
IV2.86
ContractCQP260918C00030000
SideCall
Expiry18 Sep 2026
Strike30.00
Volume-
OI2
IV1.90
ContractCQP270319C00070000
SideCall
Expiry19 Mar 2027
Strike70.00
Volume-
OI1
IV0.35
ContractCQP260821P00050000
SidePut
Expiry21 Aug 2026
Strike50.00
Volume-
OI1
IV1.06
ContractCQP261218P00075000
SidePut
Expiry18 Dec 2026
Strike75.00
Volume-
OI1
IV0.47