Primary read
Volatility
Volatility expansion watch
Ticker Options Intelligence
P options intelligence
Everpure, Inc. options pressure, expected move, strike concentration, and Sharemaestro trend context.
Conviction
52
Market data through 31 Jul 2026
Checked 2 Aug 2026 12:13 · complete available chain
Volatility expansion watch
Volatility pressure
P currently carries volatility options pressure with a 52/100 conviction score. The nearest-chain expected move is 12.6%, with volume/open-interest participation at 0.02.
Expected move
12.6%
Wider near-term move priced
Activity / OI
0.02
Current volume is quieter versus prior open interest
Put-call
0.18
Call-side skew
Trend fit
16
Options are not fully confirming trend
Weekly backdrop
+3.5%
RS -4.6
Expected move
12.6%
Put-call volume
0.18
Volume / OI
0.02
Reference IV
0.65
Max pain
75.00
Underlying
77.17
Nearest expiry
21 Aug 2026
Contracts
316
Research Brief
P has a volatility chain read with 52/100 evidence alignment.
The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 67.47–86.87; The largest call open-interest concentration is 115.00; the largest put concentration is 70.00. The most active strike by current volume is 90.00.
Priced range67.47–86.87
Call concentration115.00
Put concentration70.00
Max pain reference75.00
- 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 67.47 to 86.87. Max pain at 75.00 sits inside that range, 2.8% below spot.
Spot
Max pain
67.4777.17 ± 9.7086.87
Confirmation level
A close beyond 86.87 or below 67.47 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 52/100
Pressure is 73/100 toward calls; conviction uses its strength, while the signal label carries its direction.
Directional pressure73 × 42%
+30.6
How strongly activity leans toward calls or puts.
Participation40 × 22%
+8.9
Volume relative to existing open interest and contract-level activity.
Trend agreement16 × 26%
+4.1
How closely the chain read agrees with the underlying trend backdrop.
Volatility85 × 10%
+8.5
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 115.00; the largest put concentration is 70.00. The most active strike by current volume is 90.00. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.
Put open interestStrikeCall open interest
149
45.00-41.7%
5
379
50.00-35.2%
41
1453
55.00-28.7%
30
558
60.00-22.2%
101
2460
65.00-15.8%
580
2938
70.00-9.3%
1974
878
75.00-2.8%
2459
1841
80.003.7%
2721
703
85.0010.1%
2750
65
90.0016.6%
3414
19
95.0023.1%
969
22
100.0029.6%
2274
7
105.0036.1%
250
0
110.0042.5%
913
6
115.0049.0%
4319
0
120.0055.5%
128
0
130.0068.5%
2339
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.
0.65
21 Aug
21d
0.79
18 Sep
49d
0.72
20 Nov
112d
0.72
15 Jan
168d
0.71
19 Feb
203d
0.72
17 Jun
321d
0.71
17 Sep
413d
0.71
21 Jan
539d
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
- 316 / 316
- 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
Volatility expansion bet
The strongest message is movement risk: expected move and implied volatility are carrying more signal than direction.
Options are pricing movement more than direction; compare expected move with the stock's actual weekly change.
Volatility expansion bet matters because it connects the options headline to the actual evidence: $969432 of estimated gross traded notional, calls · 8-21 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+73
1W price+3.5%
Call premium90%
Put premium10%
Notional split
C 90% / P 10%
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
16/100
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.
Calls · 8-21 days · ITM
calls cluster with 183 contracts traded, $205365 estimated gross traded notional, and 21% of visible notional.
$205365
Calls · 91+ days · ITM
calls cluster with 75 contracts traded, $188490 estimated gross traded notional, and 19% of visible notional.
$188490
Calls · 91+ days · OTM
calls cluster with 325 contracts traded, $184842 estimated gross traded notional, and 19% of visible notional.
$184842
Calls · 46-90 days · OTM
calls cluster with 293 contracts traded, $172795 estimated gross traded notional, and 18% of visible notional.
$172795
Calls · 8-21 days · OTM
calls cluster with 736 contracts traded, $116172 estimated gross traded notional, and 12% of visible notional.
$116172
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
Close77.17
1W+3.5%
RS-4.6
Fair value+31.9%
Options pressure73
Speculation40
Volatility85
Trend fit16
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 10:15
Volatility
Pressure -71
Move 13.6%
30 Jul 10:11
Volatility
Pressure 60
Move 14.0%
31 Jul 10:05
Volatility
Pressure 85
Move 13.1%
2 Aug 11:13
Volatility
Pressure 73
Move 12.6%
Strike Map
Where activity is clustering
Strike35.00
Calls · V 0 · OI 8
Puts · V 1 · OI 7
Strike40.00
Calls · V 0 · OI 31
Puts · V 0 · OI 52
Strike45.00
Calls · V 0 · OI 5
Puts · V 30 · OI 149
Strike50.00
Calls · V 0 · OI 41
Puts · V 3 · OI 379
Strike55.00
Calls · V 1 · OI 30
Puts · V 34 · OI 1453
Strike60.00
Calls · V 39 · OI 101
Puts · V 7 · OI 558
Strike65.00
Calls · V 3 · OI 580
Puts · V 88 · OI 2460
Strike70.00
Calls · V 131 · OI 1974
Puts · V 17 · OI 2938
Term Structure
Expiration activity
Expiry21 Aug 2026
Contracts40
Avg IV0.65
Put-call0.21
Expiry18 Sep 2026
Contracts32
Avg IV0.79
Put-call0.19
Expiry20 Nov 2026
Contracts40
Avg IV0.72
Put-call0.11
Expiry15 Jan 2027
Contracts52
Avg IV0.72
Put-call0.04
Expiry19 Feb 2027
Contracts32
Avg IV0.71
Put-call-
Skew
Call/put IV balance
21 Aug 2026Balanced skew
Call IV0.65
Put IV0.64
Skew-0.01
18 Sep 2026Balanced skew
Call IV0.79
Put IV0.81
Skew0.02
20 Nov 2026Balanced skew
Call IV0.72
Put IV0.71
Skew-0.01
15 Jan 2027Balanced skew
Call IV0.72
Put IV0.71
Skew-0.01
19 Feb 2027Balanced skew
Call IV0.70
Put IV0.71
Skew0.01
Contract Tape
Most active contracts
ContractP260821C00090000
SideCall
Expiry21 Aug 2026
Strike90.00
Volume348
OI3414
IV0.65
ContractP260821C00080000
SideCall
Expiry21 Aug 2026
Strike80.00
Volume136
OI2721
IV0.64
ContractP260821C00070000
SideCall
Expiry21 Aug 2026
Strike70.00
Volume131
OI1974
IV0.70
ContractP261120C00105000
SideCall
Expiry20 Nov 2026
Strike105.00
Volume126
OI101
IV0.73
ContractP260918C00085000
SideCall
Expiry18 Sep 2026
Strike85.00
Volume123
OI996
IV0.78
ContractP260821C00085000
SideCall
Expiry21 Aug 2026
Strike85.00
Volume106
OI2750
IV0.65
ContractP260918C00080000
SideCall
Expiry18 Sep 2026
Strike80.00
Volume92
OI168
IV0.79
ContractP260821P00065000
SidePut
Expiry21 Aug 2026
Strike65.00
Volume88
OI2460
IV0.68
Research Graph
Related research and context
Sharemaestro research
Related News
Market Watch
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.