Primary read
Bullish
Call-side pressure
Ticker Options Intelligence
WPC options intelligence
W P Carey Inc options pressure, expected move, strike concentration, and Sharemaestro trend context.
Conviction
36
Market data through 31 Jul 2026
Checked 1 Aug 2026 08:56 · complete available chain
Call-side pressure
Bullish pressure
WPC currently carries bullish options pressure with a 36/100 conviction score. The nearest-chain expected move is 3.3%, with volume/open-interest participation at 0.00.
Expected move
3.3%
Near-term move context
Activity / OI
0.00
Current volume is quieter versus prior open interest
Put-call
0.33
Call-side skew
Trend fit
32
Options are not fully confirming trend
Weekly backdrop
-4.0%
RS -1.5
Expected move
3.3%
Put-call volume
0.33
Volume / OI
0.00
Reference IV
0.21
Max pain
70.00
Underlying
76.69
Nearest expiry
21 Aug 2026
Contracts
118
Research Brief
WPC 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 74.14–79.24; The largest call open-interest concentration is 75.00; the largest put concentration is 75.00. The most active strike by current volume is 75.00.
Priced range74.14–79.24
Call concentration75.00
Put concentration75.00
Max pain reference70.00
- Price holds or improves while call-side concentration remains elevated.
- Price weakens while call pressure fades or reverses toward puts.
- Options and the weekly trend are not yet giving the same message.
- 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 74.14 to 79.24. Max pain at 70.00 lies outside the priced range, so it is a weak near-term anchor.
Spot
Max pain
74.1476.69 ± 2.5579.24
Confirmation level
A close beyond 79.24 or below 74.14 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 60/100 toward calls; conviction uses its strength, while the signal label carries its direction.
Directional pressure60 × 42%
+25.2
How strongly activity leans toward calls or puts.
Participation1 × 22%
+0.1
Volume relative to existing open interest and contract-level activity.
Trend agreement32 × 26%
+8.3
How closely the chain read agrees with the underlying trend backdrop.
Volatility28 × 10%
+2.8
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 75.00; the largest put concentration is 75.00. The most active strike by current volume is 75.00. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.
Put open interestStrikeCall open interest
0
40.00-47.8%
0
0
45.00-41.3%
0
0
50.00-34.8%
0
0
55.00-28.3%
0
0
60.00-21.8%
0
48
65.00-15.2%
0
111
70.00-8.7%
117
114
75.00-2.2%
2283
0
80.004.3%
153
0
85.0010.8%
5
0
90.0017.4%
0
0
95.0023.9%
0
0
100.0030.4%
0
0
105.0036.9%
0
0
110.0043.4%
0
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.
0.21
21 Aug
21d
0.21
18 Sep
49d
0.20
16 Oct
77d
0.18
15 Jan
168d
Volatility by Strike
Balanced wings
Comparable upside calls and downside puts carry broadly similar implied volatility.
65
70
75
80
85
90
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 interest100%
- Chain status
- Complete available chain
- Market date
- 31 Jul 2026
- Calculation
- v2.0
- Contracts
- 118 / 118
- 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
Activity is spread across expirations with heavier open interest than current volume, which can be consistent with position maintenance.
Options are leaning call-side while the stock is down on the week, a divergence that needs price confirmation.
Multi-expiry position-maintenance candidate matters because it connects the options headline to the actual evidence: $3360 of estimated gross traded notional, calls · 91+ days · otm, 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+60
1W price-4.0%
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
0.00
Volume divided by open interest across the visible chain.
Trend fit
32/100
Agreement between options pressure and Sharemaestro market context.
Event window
4 Aug
Matched earnings event is 2 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.
Calls · 91+ days · OTM
calls cluster with 8 contracts traded, $860 estimated gross traded notional, and 26% of visible notional.
$860
Puts · 91+ days · ITM
puts cluster with 1 contracts traded, $795 estimated gross traded notional, and 24% of visible notional.
$795
Calls · 46-90 days · ITM
calls cluster with 1 contracts traded, $485 estimated gross traded notional, and 14% of visible notional.
$485
Calls · 8-21 days · ATM
calls cluster with 7 contracts traded, $472 estimated gross traded notional, and 14% of visible notional.
$472
Puts · 46-90 days · OTM
puts cluster with 4 contracts traded, $280 estimated gross traded notional, and 8% of visible notional.
$280
Setup Classification
Opportunity and risk frame
Expected move or upcoming earnings makes the setup more event-sensitive.
Options positioning is not confirming the underlying trend context.
Call pressure is building while the stock sits above Sharemaestro fair value.
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
Close73.60
1W-4.0%
RS-1.5
Fair value+25.8%
Options pressure60
Speculation1
Volatility28
Trend fit32
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 10:21
Bullish
Pressure 23
Move 5.1%
30 Jul 13:26
Bullish
Pressure 84
Move 3.0%
31 Jul 11:46
Bullish
Pressure 41
Move 4.0%
31 Jul 23:25
Bullish
Pressure 39
Move 3.3%
1 Aug 07:56
Bullish
Pressure 60
Move 3.3%
Strike Map
Where activity is clustering
Strike40.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike45.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike50.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike55.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike60.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike65.00
Calls · V 0 · OI 0
Puts · V 0 · OI 48
Strike70.00
Calls · V 0 · OI 117
Puts · V 0 · OI 111
Strike75.00
Calls · V 7 · OI 2283
Puts · V 1 · OI 114
Term Structure
Expiration activity
Expiry21 Aug 2026
Contracts30
Avg IV0.21
Put-call0.13
Expiry18 Sep 2026
Contracts28
Avg IV0.21
Put-call-
Expiry16 Oct 2026
Contracts30
Avg IV0.20
Put-call-
Expiry15 Jan 2027
Contracts30
Avg IV0.18
Put-call0.11
Skew
Call/put IV balance
21 Aug 2026Put IV premium
Call IV0.15
Put IV0.22
Skew0.07
18 Sep 2026Balanced skew
Call IV0.21
Put IV0.20
Skew-0.01
16 Oct 2026Balanced skew
Call IV0.17
Put IV0.18
Skew0.01
15 Jan 2027Put IV premium
Call IV0.14
Put IV0.21
Skew0.07
Contract Tape
Most active contracts
ContractWPC270115C00080000
SideCall
Expiry15 Jan 2027
Strike80.00
Volume8
OI1059
IV0.14
ContractWPC260821C00075000
SideCall
Expiry21 Aug 2026
Strike75.00
Volume7
OI2283
IV0.17
ContractWPC260918P00070000
SidePut
Expiry18 Sep 2026
Strike70.00
Volume4
OI58
IV0.20
ContractWPC270115C00075000
SideCall
Expiry15 Jan 2027
Strike75.00
Volume1
OI726
IV0.14
ContractWPC261016C00070000
SideCall
Expiry16 Oct 2026
Strike70.00
Volume1
OI357
IV0.17
ContractWPC260821C00080000
SideCall
Expiry21 Aug 2026
Strike80.00
Volume1
OI153
IV0.15
ContractWPC260821P00075000
SidePut
Expiry21 Aug 2026
Strike75.00
Volume1
OI114
IV0.16
ContractWPC270115P00080000
SidePut
Expiry15 Jan 2027
Strike80.00
Volume1
OI-
IV0.24
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.