Ticker Options Intelligence

ORA options intelligence

Ormat Technologies Inc options pressure, expected move, strike concentration, and Sharemaestro trend context.

Conviction 36 Market data through 31 Jul 2026 Checked 1 Aug 2026 15:57 · complete available chain

Call-side pressure

Bullish pressure

ORA currently carries bullish options pressure with a 36/100 conviction score. The nearest-chain expected move is 9.3%, with volume/open-interest participation at 0.00.

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

Call-side pressure

Expected move 9.3%

Wider near-term move priced

Activity / OI 0.00

Current volume is quieter versus prior open interest

Put-call 0.39

Call-side skew

Trend fit 19

Options are not fully confirming trend

Weekly backdrop -1.8%

RS -19.1

Expected move 9.3%
Put-call volume 0.39
Volume / OI 0.00
Reference IV 0.49
Max pain 100.00
Underlying 97.58
Nearest expiry 21 Aug 2026
Contracts 266

Research Brief

ORA 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 88.48–106.68; The largest call open-interest concentration is 105.00; the largest put concentration is 95.00. The most active strike by current volume is 100.00.

Priced range88.48–106.68
Call concentration105.00
Put concentration95.00
Max pain reference100.00
What would confirm it
  • Price holds or improves while call-side concentration remains elevated.
What would weaken it
  • 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

Size, not direction · through 21 Aug

Options imply 88.48 to 106.68. Max pain at 100.00 sits inside that range, 2.5% above spot.

Spot Max pain
88.4897.58 ± 9.10106.68
Confirmation level

A close beyond 106.68 or below 88.48 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

Evidence alignment, not probability

Pressure is 38/100 toward calls; conviction uses its strength, while the signal label carries its direction.

Directional pressure38 × 42%
+16.1

How strongly activity leans toward calls or puts.

Participation36 × 22%
+8.0

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

Trend agreement19 × 26%
+4.9

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

Volatility72 × 10%
+7.2

The intensity of implied volatility and the priced move.

Reconstructed score36.1Matches stored calculation

Positioning by Strike

Where open interest and current activity concentrate

Full strike map

The largest call open-interest concentration is 105.00; the largest put concentration is 95.00. The most active strike by current volume is 100.00. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.

Put open interestStrikeCall open interest
0
80.00-18.0%
28
11
85.00-12.9%
52
21
90.00-7.8%
3
65
95.00-2.6%
8
33
100.002.5%
33
46
105.007.6%
63
43
110.0012.7%
34
6
115.0017.9%
18
3
120.0023.0%
34
0
125.0028.1%
20
0
130.0033.2%
11
0
135.0038.3%
8
0
140.0043.5%
10
0
145.0048.6%
3
0
155.0058.8%
3
0
160.0064.0%
11
0
165.0069.1%
3
Nearest spot strike Max pain strikeBars show relative OI within this expiry

Volatility Curve

Front-loaded volatility

1.15× front/back

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

0.49 21 Aug 21d
0.43 18 Sep 49d
0.41 18 Dec 140d
0.41 19 Mar 231d
0.42 17 Jun 321d

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.

80
85
90
95
100
105
110
115
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

A100/100
Retained chain100%
Implied volatility100%
Two-sided quotes100%
Open interest100%
Chain status
Complete available chain
Market date
31 Jul 2026
Calculation
v2.0
Contracts
266 / 266
  • 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

76/100
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 Bullish flow against weak price

Options are leaning call-side while the stock is down on the week, a divergence that needs price confirmation.

Why this matters

Earnings/event positioning matters because it connects the options headline to the actual evidence: $81250 of estimated gross traded notional, calls · 46-90 days · itm, 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+38
1W price-1.8%
Call premium72%
Put premium28%
Notional split C 72% / P 28% 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 19/100 Agreement between options pressure and Sharemaestro market context.
Event window 5 Aug Matched earnings event is 3 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 50 contracts traded, $39000 estimated gross traded notional, and 48% of visible notional.
$39000
Puts · 91+ days · ATM puts cluster with 10 contracts traded, $10350 estimated gross traded notional, and 13% of visible notional.
$10350
Calls · 91+ days · ITM calls cluster with 5 contracts traded, $9425 estimated gross traded notional, and 12% of visible notional.
$9425
Puts · 46-90 days · ATM puts cluster with 10 contracts traded, $7050 estimated gross traded notional, and 9% of visible notional.
$7050
Calls · 91+ days · ATM calls cluster with 6 contracts traded, $6870 estimated gross traded notional, and 8% of visible notional.
$6870

Setup Classification

Opportunity and risk frame

Context, not advice
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.

Negative Options disagreement

Options positioning is not confirming the underlying trend context.

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
Close97.58
1W-1.8%
RS-19.1
Fair value+15.1%
Options pressure38
Speculation36
Volatility72
Trend fit19

Today Versus Normal

Stored-options context

View history
Expected move 9.3% history building
30d avg - · 3/10 sessions -
90d avg - · 3/30 sessions -
180d avg - · 3/60 sessions -
IV 0.49 history building
30d avg - · 3/10 sessions -
90d avg - · 3/30 sessions -
180d avg - · 3/60 sessions -
Put-call 0.39 history building
30d avg - · 3/10 sessions -
90d avg - · 3/30 sessions -
180d avg - · 3/60 sessions -
Volume/OI 0.00 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 10:30 Mixed
Pressure 7
Move 9.9%
30 Jul 10:25 Volatility
Pressure 91
Move 10.7%
31 Jul 10:20 Mixed
Pressure 11
Move 9.4%
1 Aug 14:57 Bullish
Pressure 38
Move 9.3%

Strike Map

Where activity is clustering

Full strike map
Strike70.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike75.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike80.00
Calls · V 0 · OI 28
Puts · V 0 · OI 0
Strike85.00
Calls · V 0 · OI 52
Puts · V 0 · OI 11
Strike90.00
Calls · V 0 · OI 3
Puts · V 1 · OI 21
Strike95.00
Calls · V 1 · OI 8
Puts · V 3 · OI 65
Strike100.00
Calls · V 3 · OI 33
Puts · V 2 · OI 33
Strike105.00
Calls · V 0 · OI 63
Puts · V 0 · OI 46

Term Structure

Expiration activity

Volume and IV
Expiry21 Aug 2026
Contracts50
Avg IV0.49
Put-call1.00
Expiry18 Sep 2026
Contracts62
Avg IV0.43
Put-call0.19
Expiry18 Dec 2026
Contracts62
Avg IV0.41
Put-call2.50
Expiry19 Mar 2027
Contracts46
Avg IV0.41
Put-call-
Expiry17 Jun 2027
Contracts46
Avg IV0.42
Put-call0.50

Skew

Call/put IV balance

OTM demand
21 Aug 2026Balanced skew
Call IV0.49
Put IV0.49
Skew-
18 Sep 2026Balanced skew
Call IV0.42
Put IV0.44
Skew0.02
18 Dec 2026Balanced skew
Call IV0.42
Put IV0.43
Skew0.01
19 Mar 2027Balanced skew
Call IV0.43
Put IV0.42
Skew-0.01
17 Jun 2027Balanced skew
Call IV0.41
Put IV0.41
Skew0.01

Contract Tape

Most active contracts

Full contract tape
ContractORA260918C00095000
SideCall
Expiry18 Sep 2026
Strike95.00
Volume50
OI11
IV0.43
ContractORA260918P00100000
SidePut
Expiry18 Sep 2026
Strike100.00
Volume10
OI138
IV0.41
ContractORA261218P00100000
SidePut
Expiry18 Dec 2026
Strike100.00
Volume10
OI10
IV0.41
ContractORA261218C00100000
SideCall
Expiry18 Dec 2026
Strike100.00
Volume4
OI17
IV0.41
ContractORA260821P00095000
SidePut
Expiry21 Aug 2026
Strike95.00
Volume3
OI65
IV0.47
ContractORA260821C00100000
SideCall
Expiry21 Aug 2026
Strike100.00
Volume3
OI33
IV0.48
ContractORA260918C00150000
SideCall
Expiry18 Sep 2026
Strike150.00
Volume3
OI25
IV0.41
ContractORA270319C00090000
SideCall
Expiry19 Mar 2027
Strike90.00
Volume3
OI-
IV0.41