Primary read
Bullish
Call-side pressure
Ticker Options Intelligence
CWCO options intelligence
Consolidated Water Co Ltd options pressure, expected move, strike concentration, and Sharemaestro trend context.
Conviction
31
Market data through 12 Aug 2026
Checked 13 Aug 2026 12:20 · complete available chain
Call-side pressure
Bullish pressure
CWCO currently carries bullish options pressure with a 31/100 conviction score. The nearest-chain expected move is 11.8%, with volume/open-interest participation at 0.01.
Expected move
11.8%
Wider near-term move priced
Activity / OI
0.01
Current volume is quieter versus prior open interest
Put-call
0.67
Call-side skew
Trend fit
31
Options are not fully confirming trend
Weekly backdrop
+4.4%
RS -20.3
Expected move
11.8%
Put-call volume
0.67
Volume / OI
0.01
Reference IV
0.75
Max pain
35.00
Underlying
30.49
Nearest expiry
21 Aug 2026
Contracts
74
Research Brief
CWCO has a bullish chain read with 31/100 evidence alignment.
The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 26.89–34.09; The largest call open-interest concentration is 35.00; the largest put concentration is 35.00. The most active strike by current volume is 17.50.
Priced range26.89–34.09
Call concentration35.00
Put concentration35.00
Max pain reference35.00
- 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 26.89 to 34.09. Max pain at 35.00 lies outside the priced range, so it is a weak near-term anchor.
Spot
Max pain
26.8930.49 ± 3.6034.09
Confirmation level
A close beyond 34.09 or below 26.89 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 31/100
Pressure is 28/100 toward calls; conviction uses its strength, while the signal label carries its direction.
Directional pressure28 × 42%
+11.9
How strongly activity leans toward calls or puts.
Participation8 × 22%
+1.8
Volume relative to existing open interest and contract-level activity.
Trend agreement31 × 26%
+8.1
How closely the chain read agrees with the underlying trend backdrop.
Volatility93 × 10%
+9.3
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 35.00; the largest put concentration is 35.00. The most active strike by current volume is 17.50. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.
Put open interestStrikeCall open interest
1
15.00-50.8%
0
1
17.50-42.6%
0
0
20.00-34.4%
0
16
22.50-26.2%
0
13
25.00-18.0%
2
6
30.00-1.6%
18
49
35.0014.8%
100
0
40.0031.2%
90
0
45.0047.6%
1
0
50.0064.0%
3
Nearest spot strike Max pain strikeBars show relative OI within this expiry
Gamma Profile by Strike
Positive gamma proxy
Call-side gamma sensitivity outweighs the put-side proxy across the retained chain. The largest bars mark levels where delta-hedging sensitivity may be most concentrated.
Net profile+$7,324Delta change / 1% move
Positive peak35.00+$3,644
Negative peak25.00-$180
Nearest balance25.30Interpolated sign change
StrikeNegativePositiveNet / 1% move
15.00-50.8%
-$1
17.50-42.6%
-$2
20.00-34.4%
+$23
22.50-26.2%
-$114
25.00-18.0%
-$180
30.00-1.6%
+$2,785
35.0014.8%
+$3,644
40.0031.2%
+$865
45.0047.6%
+$169
50.0064.0%
+$135
Positive call-side proxy Negative put-side proxyHighlighted row is nearest spot strike
Scenario proxy = gamma × open interest × 100 shares × spot² × 1%. Calls are positive and puts negative by convention. Missing Greeks use a Black-Scholes estimate from stored IV with zero rate and dividend assumptions. Open interest does not reveal who is long or short, so this is not observed dealer positioning or a forecast.
Volatility Curve
Front-loaded volatility
Near-term options are materially richer than later expirations, consistent with concentrated event or immediate-risk pricing.
0.75
21 Aug
9d
0.40
18 Sep
37d
0.32
20 Nov
100d
0.19
19 Feb
191d
Volatility by Strike
Downside protection premium
Out-of-the-money puts carry higher implied volatility than comparable calls, indicating richer downside protection.
25
30
35
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
- Auditable calculationoriginal version retained
- Independent entryone read per market session
- Point-in-time referencerequired at entry
- Matched expiry closereported only after maturity
Eligible snapshots must have a dated market session, stored signal, and point-in-time market reference. Each observation uses one read per market session and the first stored weekly close on or immediately after expiry; its original calculation version is retained. 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
- 12 Aug 2026
- Calculation
- v2.0
- Contracts
- 74 / 74
- 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 pressure and weekly price action are pointing in the same constructive direction.
Multi-expiry position-maintenance candidate matters because it connects the options headline to the actual evidence: $985 of estimated gross traded notional, calls · 8-21 days · itm, and a bullish flow confirms price backdrop. Use it as a research priority signal, then validate the chart, liquidity, event calendar, and risk before acting.
Options pressure+28
1W price+4.4%
Call premium97%
Put premium3%
Notional split
C 97% / P 3%
Estimated gross traded notional uses volume × contract multiplier × midpoint, or last price when no valid midpoint is available.
Freshness
0.01
Volume divided by open interest across the visible chain.
Trend fit
31/100
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.
Roll detection is conservative because opening and closing legs are not directly observable in this snapshot.
Calls · 8-21 days · ITM
calls cluster with 1 contracts traded, $665 estimated gross traded notional, and 68% of visible notional.
$665
Calls · 8-21 days · ATM
calls cluster with 1 contracts traded, $215 estimated gross traded notional, and 22% of visible notional.
$215
Calls · 91+ days · OTM
calls cluster with 1 contracts traded, $80 estimated gross traded notional, and 8% of visible notional.
$80
Puts · 91+ days · OTM
puts cluster with 1 contracts traded, $20 estimated gross traded notional, and 2% of visible notional.
$20
Puts · 8-21 days · OTM
puts cluster with 1 contracts traded, $5 estimated gross traded notional, and 1% of visible notional.
$5
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
9 of 10 completed market sessions are available. More session history is needed before activity can be compared with a reliable normal.
Baseline: 9 completed sessions
Volume rank-
Volume/OI rank-
IV rank-
Market Context
Underlying confirmation
Close30.49
1W+4.4%
RS-20.3
Fair value+4.5%
Options pressure28
Speculation8
Volatility93
Trend fit31
Today Versus Normal
Stored-options context
30d avg - · 9/10 sessions
-
90d avg - · 9/30 sessions
-
180d avg - · 9/60 sessions
-
30d avg - · 9/10 sessions
-
90d avg - · 9/30 sessions
-
180d avg - · 9/60 sessions
-
30d avg - · 7/10 sessions
-
90d avg - · 7/30 sessions
-
180d avg - · 7/60 sessions
-
30d avg - · 9/10 sessions
-
90d avg - · 9/30 sessions
-
180d avg - · 9/60 sessions
-
Pressure Trail
Recent pressure and volatility
29 Jul 11:26
Volatility
Pressure 100
Move 12.2%
30 Jul 10:34
Mixed
Pressure 7
Move 16.6%
30 Jul 14:51
Bullish
Pressure 21
Move 16.3%
30 Jul 15:10
Bullish
Pressure 21
Move 16.3%
31 Jul 13:53
Bullish
Pressure 21
Move 12.6%
31 Jul 21:06
Bullish
Pressure 21
Move 12.6%
1 Aug 04:07
Mixed
Pressure 7
Move 12.6%
2 Aug 15:12
Mixed
Pressure 7
Move 12.6%
Strike Map
Where activity is clustering
Strike15.00
Calls · V 0 · OI 0
Puts · V 0 · OI 1
Strike17.50
Calls · V 0 · OI 0
Puts · V 1 · OI 1
Strike20.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike22.50
Calls · V 0 · OI 0
Puts · V 0 · OI 16
Strike25.00
Calls · V 1 · OI 2
Puts · V 0 · OI 13
Strike30.00
Calls · V 1 · OI 18
Puts · V 0 · OI 6
Strike35.00
Calls · V 0 · OI 100
Puts · V 0 · OI 49
Strike40.00
Calls · V 0 · OI 90
Puts · V 0 · OI 0
Term Structure
Expiration activity
Expiry21 Aug 2026
Contracts20
Avg IV0.75
Put-call0.50
Expiry18 Sep 2026
Contracts16
Avg IV0.40
Put-call-
Expiry20 Nov 2026
Contracts20
Avg IV0.32
Put-call-
Expiry19 Feb 2027
Contracts18
Avg IV0.19
Put-call-
Skew
Call/put IV balance
21 Aug 2026Call IV premium
Call IV0.32
Put IV0.17
Skew-0.15
18 Sep 2026Call IV premium
Call IV0.15
Put IV0.09
Skew-0.06
20 Nov 2026Call IV premium
Call IV0.29
Put IV0.06
Skew-0.22
19 Feb 2027Balanced skew
Call IV0.05
Put IV0.04
Skew-0.01
Contract Tape
Most active contracts
ContractCWCO261120C00035000
SideCall
Expiry20 Nov 2026
Strike35.00
Volume1
OI58
IV0.29
ContractCWCO260821C00030000
SideCall
Expiry21 Aug 2026
Strike30.00
Volume1
OI18
IV0.64
ContractCWCO260821C00025000
SideCall
Expiry21 Aug 2026
Strike25.00
Volume1
OI2
IV0.97
ContractCWCO260821P00017500
SidePut
Expiry21 Aug 2026
Strike17.50
Volume1
OI1
IV1.49
ContractCWCO270219P00020000
SidePut
Expiry19 Feb 2027
Strike20.00
Volume1
OI-
IV0.27
ContractCWCO260821C00035000
SideCall
Expiry21 Aug 2026
Strike35.00
Volume-
OI100
IV0.32
ContractCWCO260821C00040000
SideCall
Expiry21 Aug 2026
Strike40.00
Volume-
OI90
IV0.63
ContractCWCO260821P00035000
SidePut
Expiry21 Aug 2026
Strike35.00
Volume-
OI49
IV0.53
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
No upcoming matched earnings event.
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.