Ticker Options Intelligence

XRN options intelligence

Chiron Real Estate Inc. options pressure, expected move, strike concentration, and Sharemaestro trend context.

Conviction 51 Market data through 17 Sep 2026 Checked 18 Sep 2026 13:43 · complete available chain

Volatility expansion watch

Volatility pressure

XRN currently carries volatility options pressure with a 51/100 conviction score. The nearest-chain expected move is 6.8%, with volume/open-interest participation at 0.02.

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

Volatility expansion watch

Expected move 6.8%

Wider near-term move priced

Activity / OI 0.02

Current volume is quieter versus prior open interest

Put-call 0.00

Call-side skew

Trend fit 0

Options are not fully confirming trend

Weekly backdrop -0.2%

RS -2.8

Expected move 6.8%
Put-call volume -
Volume / OI 0.02
Reference IV 1.30
Max pain 35.00
Underlying 35.99
Nearest expiry 18 Sep 2026
Contracts 88

Research Brief

XRN has a volatility chain read with 51/100 evidence alignment.

The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 33.54–38.44; The largest call open-interest concentration is 40.00; the largest put concentration is 35.00. The most active strike by current volume is 20.00.

Priced range33.54–38.44
Call concentration40.00
Put concentration35.00
Max pain reference35.00
What would confirm it
  • A clear directional pressure reading develops and price begins to agree.
  • Participation is above the ticker's stored normal, which makes the read more noteworthy.
What would weaken it
  • Volatility falls and the chain remains directionally mixed.
  • 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 18 Sep

Options imply 33.54 to 38.44. Max pain at 35.00 sits inside that range, 2.8% below spot.

Spot Max pain
33.5435.99 ± 2.4538.44
Confirmation level

A close beyond 38.44 or below 33.54 at the 18 Sep 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 51/100

Evidence alignment, not probability

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

Directional pressure100 × 42%
+42.0

How strongly activity leans toward calls or puts.

Participation3 × 22%
+0.6

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

Trend agreement0 × 26%
+0.0

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

Volatility83 × 10%
+8.3

The intensity of implied volatility and the priced move.

Reconstructed score50.9Matches stored calculation

Positioning by Strike

Where open interest and current activity concentrate

Full strike map

The largest call open-interest concentration is 40.00; the largest put concentration is 35.00. The most active strike by current volume is 20.00. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.

Put open interestStrikeCall open interest
0
20.00-44.4%
0
0
22.50-37.5%
0
0
25.00-30.5%
0
2
30.00-16.6%
0
12
35.00-2.8%
0
0
40.0011.1%
15
0
45.0025.0%
1
0
50.0038.9%
0
0
55.0052.8%
0
Nearest spot strike Max pain strikeBars show relative OI within this expiry

Gamma Profile by Strike

Positive gamma proxy

Reported Greeks · 96% coverage

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+$10,164Delta change / 1% move
Positive peak40.00+$16,251
Negative peak35.00-$7,738
Nearest balance36.61Interpolated sign change
StrikeNegativePositiveNet / 1% move
20.00-44.4%
-$2
22.50-37.5%
-$27
25.00-30.5%
-$59
30.00-16.6%
-$482
35.00-2.8%
-$7,738
40.0011.1%
+$16,251
45.0025.0%
+$2,221
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

3.88× front/back

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

1.30 18 Sep 1d
0.33 16 Oct 29d
0.32 20 Nov 64d
0.29 15 Jan 120d
0.34 16 Apr 211d

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.

30
35
40
Put IV Call IV

Historical Replay

How matured reads behaved through expiry

20 matured · 15 directional

Across 15 stored directional transitions, the next stored price moved in the labelled direction 53% of the time.

Directional follow-through53%
Moves contained by pricing100%
Average expiry move2.6%
17 Sep Volatility · 51 -0.2% through expiry 6.8% priced · v2.0
15 Sep Bullish · 42 -0.2% through expiry 7.8% priced · v2.0
11 Sep Bearish · 49 -0.2% through expiry 6.4% priced · v2.0
9 Sep Bullish · 40 -2.8% through expiry 11.8% priced · v2.0
4 Sep Bullish · 37 -2.8% through expiry 6.7% priced · v2.0
2 Sep Bullish · 46 -2.5% through expiry 6.0% priced · v2.0
28 Aug Bearish · 47 -2.5% through expiry 7.0% priced · v2.0
24 Aug Bullish · 44 -3.3% through expiry 13.6% priced · v2.0
21 Aug Bullish · 44 -3.3% through expiry 9.4% priced · v2.0
18 Aug Bullish · 41 0.1% through expiry 6.0% priced · v2.0
14 Aug Bullish · 40 0.1% through expiry 5.9% priced · v2.0
12 Aug Bullish · 39 3.0% through expiry 6.0% priced · v2.0

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

Usable with limits

C69/100
Retained chain100%
Implied volatility100%
Two-sided quotes100%
Open interest100%
Chain status
Complete available chain
Market date
17 Sep 2026
Calculation
v2.0
Contracts
88 / 88
  • 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

88/100
Primary intent Volatility expansion bet

The strongest message is movement risk: expected move and implied volatility are carrying more signal than direction.

Flow vs price divergence Volatility flow versus price

Options are pricing movement more than direction; compare expected move with the stock's actual weekly change.

Why this matters

Volatility expansion bet matters because it connects the options headline to the actual evidence: $2,020 of estimated gross traded notional, calls · 91+ 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+100
1W price-0.2%
Call premium100%
Put premium0%
Notional split C 100% / P 0% 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 0/100 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 · 91+ days · ITM
Calls · 91+ days · ITM calls cluster with 5 contracts traded, $1,650 estimated gross traded notional, and 82% of visible notional.
$1,650
Calls · 91+ days · OTM calls cluster with 4 contracts traded, $370 estimated gross traded notional, and 18% of visible notional.
$370

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.

Activity Anomaly

Above normal

75

Activity is running above the recent historical baseline.

Baseline: 21 completed sessions

Volume rank62th
Volume/OI rank62th
IV rank100th

Market Context

Underlying confirmation

Sharemaestro weekly
Close35.91
1W-0.2%
RS-2.8
Fair value+0.1%
Options pressure100
Speculation3
Volatility83
Trend fit0

Today Versus Normal

Stored-options context

View history
Expected move 6.8% history building
30d avg - · 9/10 sessions -
90d avg - · 21/30 sessions -
180d avg - · 21/60 sessions -
IV 1.30 history building
30d avg - · 9/10 sessions -
90d avg - · 21/30 sessions -
180d avg - · 21/60 sessions -
Put-call 0.00 history building
30d avg - · 7/10 sessions -
90d avg - · 14/30 sessions -
180d avg - · 14/60 sessions -
Volume/OI 0.02 history building
30d avg - · 9/10 sessions -
90d avg - · 21/30 sessions -
180d avg - · 21/60 sessions -

Pressure Trail

Recent pressure and volatility

Open trail
29 Jul 11:25 Bullish
Pressure 71
Move 9.2%
30 Jul 11:11 Volatility
Pressure -93
Move 10.7%
31 Jul 10:45 Bullish
Pressure 100
Move 12.2%
2 Aug 18:36 Volatility
Pressure 58
Move 9.6%
3 Aug 11:02 Volatility
Pressure -93
Move 9.6%
4 Aug 03:57 Volatility
Pressure -93
Move 10.1%
5 Aug 10:40 Bullish
Pressure 100
Move 8.5%
6 Aug 10:51 Bullish
Pressure 100
Move 8.5%

Strike Map

Where activity is clustering

Full strike map
Strike20.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike22.50
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike25.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike30.00
Calls · V 0 · OI 0
Puts · V 0 · OI 2
Strike35.00
Calls · V 0 · OI 0
Puts · V 0 · OI 12
Strike40.00
Calls · V 0 · OI 15
Puts · V 0 · OI 0
Strike45.00
Calls · V 0 · OI 1
Puts · V 0 · OI 0
Strike50.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0

Term Structure

Expiration activity

Volume and IV
Expiry18 Sep 2026
Contracts18
Avg IV1.30
Put-call-
Expiry16 Oct 2026
Contracts18
Avg IV0.33
Put-call-
Expiry20 Nov 2026
Contracts16
Avg IV0.32
Put-call-
Expiry15 Jan 2027
Contracts18
Avg IV0.29
Put-call-
Expiry16 Apr 2027
Contracts18
Avg IV0.34
Put-call-

Skew

Call/put IV balance

OTM demand
18 Sep 2026Call IV premium
Call IV0.90
Put IV0.34
Skew-0.57
16 Oct 2026Put IV premium
Call IV0.28
Put IV0.44
Skew0.17
20 Nov 2026Put IV premium
Call IV0.10
Put IV0.47
Skew0.37
15 Jan 2027Put IV premium
Call IV0.26
Put IV0.36
Skew0.10
16 Apr 2027Put IV premium
Call IV0.28
Put IV0.39
Skew0.11

Contract Tape

Most active contracts

Full contract tape
ContractXRN270115C00035000
SideCall
Expiry15 Jan 2027
Strike35.00
Volume5
OI18
IV0.31
ContractXRN270115C00040000
SideCall
Expiry15 Jan 2027
Strike40.00
Volume4
OI104
IV0.26
ContractXRN261016C00045000
SideCall
Expiry16 Oct 2026
Strike45.00
Volume-
OI84
IV0.32
ContractXRN261016P00035000
SidePut
Expiry16 Oct 2026
Strike35.00
Volume-
OI80
IV0.44
ContractXRN261016C00040000
SideCall
Expiry16 Oct 2026
Strike40.00
Volume-
OI69
IV0.28
ContractXRN270416C00045000
SideCall
Expiry16 Apr 2027
Strike45.00
Volume-
OI27
IV0.28
ContractXRN261016C00035000
SideCall
Expiry16 Oct 2026
Strike35.00
Volume-
OI26
IV0.31
ContractXRN270115C00045000
SideCall
Expiry15 Jan 2027
Strike45.00
Volume-
OI26
IV0.15

Evidence context