Ticker Options Intelligence

EXR options intelligence

Extra Space Storage Inc options pressure, expected move, strike concentration, and Sharemaestro trend context.

Conviction 32 Market data through 31 Jul 2026 Checked 31 Jul 2026 14:39 · complete available chain

Call-side pressure

Bullish pressure

EXR currently carries bullish options pressure with a 32/100 conviction score. The nearest-chain expected move is 3.0%, with volume/open-interest participation at 0.08.

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

Call-side pressure

Expected move 3.0%

Near-term move context

Activity / OI 0.08

Current volume is quieter versus prior open interest

Put-call 0.64

Call-side skew

Trend fit 65

Options agree with trend context

Weekly backdrop +0.2%

RS -1.5

Expected move 3.0%
Put-call volume 0.64
Volume / OI 0.08
Reference IV 0.04
Max pain 150.00
Underlying 147.71
Nearest expiry 21 Aug 2026
Contracts 95

Research Brief

EXR has a bullish chain read with 32/100 evidence alignment.

The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 143.26–152.16; The largest call open-interest concentration is 155.00; the largest put concentration is 135.00. The most active strike by current volume is 150.00.

Priced range143.26–152.16
Call concentration155.00
Put concentration135.00
Max pain reference150.00
What would confirm it
  • Price holds or improves while call-side concentration remains elevated.
  • The current chain read already agrees with the stored weekly trend context.
What would weaken it
  • 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

Size, not direction · through 21 Aug

Options imply 143.26 to 152.16. Max pain at 150.00 sits inside that range, 1.6% above spot.

Spot Max pain
143.26147.71 ± 4.45152.16
Confirmation level

A close beyond 152.16 or below 143.26 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 32/100

Evidence alignment, not probability

Pressure is 28/100 toward calls; conviction uses its strength, while the signal label carries its direction.

Directional pressure28 × 42%
+11.6

How strongly activity leans toward calls or puts.

Participation10 × 22%
+2.2

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

Trend agreement65 × 26%
+17.0

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

Volatility15 × 10%
+1.5

The intensity of implied volatility and the priced move.

Reconstructed score32.2Matches stored calculation

Positioning by Strike

Where open interest and current activity concentrate

Full strike map

The largest call open-interest concentration is 155.00; the largest put concentration is 135.00. The most active strike by current volume is 150.00. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.

Put open interestStrikeCall open interest
1
115.00-22.1%
0
11
120.00-18.8%
0
7
125.00-15.4%
0
13
130.00-12.0%
0
560
135.00-8.6%
0
48
140.00-5.2%
0
42
145.00-1.8%
8
199
150.001.6%
177
0
155.004.9%
1813
0
160.008.3%
27
0
165.0011.7%
24
0
170.0015.1%
11
Nearest spot strike Max pain strikeBars show relative OI within this expiry

Volatility Curve

Front-loaded volatility

6.54× front/back

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

0.04 21 Aug 21d
0.07 18 Sep 49d
0.01 18 Dec 140d
0.01 19 Mar 231d

Volatility by Strike

Balanced wings

Nearest expiry, within 20% of spot

Comparable upside calls and downside puts carry broadly similar implied volatility.

120
125
130
135
140
145
150
155
160
165
170
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
95 / 95
  • 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

86/100
Primary intent Call-heavy activity with trend alignment

Call concentration and the underlying trend align, but aggregate volume cannot establish whether calls were bought or sold.

Flow vs price divergence Bullish flow before price confirmation

Call-side pressure is building before a meaningful weekly price response.

Why this matters

Call-heavy activity with trend alignment matters because it connects the options headline to the actual evidence: $250438 of estimated gross traded notional, calls · 46-90 days · atm, and a bullish flow before price confirmation backdrop. Use it as a research priority signal, then validate the chart, liquidity, event calendar, and risk before acting.

Options pressure+28
1W price+0.2%
Call premium82%
Put premium18%
Notional split C 82% / P 18% Estimated gross traded notional uses volume × contract multiplier × midpoint, or last price when no valid midpoint is available.
Freshness 0.08 Volume divided by open interest across the visible chain.
Trend fit 65/100 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.
Conviction clusters Calls · 46-90 days · ATM
Calls · 46-90 days · ATM calls cluster with 137 contracts traded, $73020 estimated gross traded notional, and 29% of visible notional.
$73020
Calls · 91+ days · ITM calls cluster with 22 contracts traded, $55004 estimated gross traded notional, and 22% of visible notional.
$55004
Calls · 46-90 days · ITM calls cluster with 14 contracts traded, $35203 estimated gross traded notional, and 14% of visible notional.
$35203
Calls · 91+ days · ATM calls cluster with 16 contracts traded, $19010 estimated gross traded notional, and 8% of visible notional.
$19010
Calls · 91+ days · OTM calls cluster with 26 contracts traded, $16448 estimated gross traded notional, and 7% of visible notional.
$16448

Setup Classification

Opportunity and risk frame

Context, not advice
Positive Options-confirmed trend

Positioning agrees with the Sharemaestro trend backdrop.

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
Close148.04
1W+0.2%
RS-1.5
Fair value+8.2%
Options pressure28
Speculation10
Volatility15
Trend fit65

Today Versus Normal

Stored-options context

View history
Expected move 3.0% history building
30d avg - · 3/10 sessions -
90d avg - · 3/30 sessions -
180d avg - · 3/60 sessions -
IV 0.04 history building
30d avg - · 3/10 sessions -
90d avg - · 3/30 sessions -
180d avg - · 3/60 sessions -
Put-call 0.64 history building
30d avg - · 3/10 sessions -
90d avg - · 3/30 sessions -
180d avg - · 3/60 sessions -
Volume/OI 0.08 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 10:13 Mixed
Pressure 18
Move 6.8%
30 Jul 13:23 Bullish
Pressure 69
Move 5.4%
31 Jul 13:08 Bullish
Pressure 82
Move 5.3%
31 Jul 13:39 Bullish
Pressure 28
Move 3.0%

Strike Map

Where activity is clustering

Full strike map
Strike115.00
Calls · V 0 · OI 0
Puts · V 1 · OI 1
Strike120.00
Calls · V 0 · OI 0
Puts · V 10 · OI 11
Strike125.00
Calls · V 0 · OI 0
Puts · V 5 · OI 7
Strike130.00
Calls · V 0 · OI 0
Puts · V 1 · OI 13
Strike135.00
Calls · V 0 · OI 0
Puts · V 5 · OI 560
Strike140.00
Calls · V 0 · OI 0
Puts · V 10 · OI 48
Strike145.00
Calls · V 1 · OI 8
Puts · V 2 · OI 42
Strike150.00
Calls · V 10 · OI 177
Puts · V 1 · OI 199

Term Structure

Expiration activity

Volume and IV
Expiry21 Aug 2026
Contracts14
Avg IV0.04
Put-call1.67
Expiry18 Sep 2026
Contracts33
Avg IV0.07
Put-call0.52
Expiry18 Dec 2026
Contracts33
Avg IV0.01
Put-call0.63
Expiry19 Mar 2027
Contracts15
Avg IV0.01
Put-call0.56

Skew

Call/put IV balance

OTM demand
21 Aug 2026Balanced skew
Call IV0.06
Put IV0.06
Skew-
18 Sep 2026Balanced skew
Call IV0.03
Put IV0.03
Skew-
18 Dec 2026Balanced skew
Call IV0.02
Put IV0.02
Skew-
19 Mar 2027Balanced skew
Call IV0.02
Put IV0.02
Skew-

Contract Tape

Most active contracts

Full contract tape
ContractEXR270319P00135000
SidePut
Expiry19 Mar 2027
Strike135.00
Volume-
OI4
IV0.03
ContractEXR270319P00130000
SidePut
Expiry19 Mar 2027
Strike130.00
Volume-
OI4
IV0.03
ContractEXR261218P00100000
SidePut
Expiry18 Dec 2026
Strike100.00
Volume-
OI4
IV0.58
ContractEXR261218C00180000
SideCall
Expiry18 Dec 2026
Strike180.00
Volume-
OI4
IV0.30
ContractEXR261218C00110000
SideCall
Expiry18 Dec 2026
Strike110.00
Volume-
OI3
IV0.00
ContractEXR270319P00125000
SidePut
Expiry19 Mar 2027
Strike125.00
Volume-
OI1
IV0.06
ContractEXR261218P00095000
SidePut
Expiry18 Dec 2026
Strike95.00
Volume-
OI1
IV0.13
ContractEXR261218C00130000
SideCall
Expiry18 Dec 2026
Strike130.00
Volume-
OI1
IV0.00