Ticker Options Intelligence

XRN options intelligence

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

Conviction 48 Market data through 31 Jul 2026 Checked 2 Aug 2026 17:39 · complete available chain

Volatility expansion watch

Volatility pressure

XRN currently carries volatility options pressure with a 48/100 conviction score. The nearest-chain expected move is 9.6%, 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 Volatility

Volatility expansion watch

Expected move 9.6%

Wider near-term move priced

Activity / OI 0.00

Current volume is quieter versus prior open interest

Put-call -

Balanced tape

Trend fit 5

Options are not fully confirming trend

Weekly backdrop -5.5%

RS -3.4

Expected move 9.6%
Put-call volume -
Volume / OI 0.00
Reference IV 0.52
Max pain 35.00
Underlying 35.50
Nearest expiry 21 Aug 2026
Contracts 70

Research Brief

XRN has a volatility chain read with 48/100 evidence alignment.

The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 32.10–38.90; 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 range32.10–38.90
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.
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 21 Aug

Options imply 32.10 to 38.90. Max pain at 35.00 sits inside that range, 1.4% below spot.

Spot Max pain
32.1035.50 ± 3.4038.90
Confirmation level

A close beyond 38.90 or below 32.10 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 48/100

Evidence alignment, not probability

Pressure is 93/100 toward puts; conviction uses its strength, while the signal label carries its direction.

Directional pressure93 × 42%
+38.9

How strongly activity leans toward calls or puts.

Participation1 × 22%
+0.1

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

Trend agreement5 × 26%
+1.4

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

Volatility75 × 10%
+7.5

The intensity of implied volatility and the priced move.

Reconstructed score47.9Matches 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
20.00-43.7%
0
0
22.50-36.6%
0
0
25.00-29.6%
0
2
30.00-15.5%
0
15
35.00-1.4%
12
0
40.0012.7%
25
0
45.0026.8%
4
0
50.0040.8%
0
Nearest spot strike Max pain strikeBars show relative OI within this expiry

Volatility Curve

Front-loaded volatility

1.69× front/back

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

0.52 21 Aug 21d
0.27 18 Sep 49d
0.29 16 Oct 77d
0.31 15 Jan 168d

Volatility by Strike

Upside optionality premium

Nearest expiry, within 20% of spot

Out-of-the-money calls carry higher implied volatility than comparable puts, indicating richer upside optionality.

30
35
40
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

A97/100
Retained chain100%
Implied volatility100%
Two-sided quotes100%
Open interest100%
Chain status
Complete available chain
Market date
31 Jul 2026
Calculation
v2.0
Contracts
70 / 70
  • 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

78/100
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 Volatility flow versus price

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

Why this matters

Earnings/event positioning matters because it connects the options headline to the actual evidence: $320 of estimated gross traded notional, puts · 91+ days · atm, 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-93
1W price-5.5%
Call premium0%
Put premium100%
Notional split C 0% / P 100% 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 5/100 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.
Conviction clusters Puts · 91+ days · ATM
Puts · 91+ days · ATM puts cluster with 1 contracts traded, $320 estimated gross traded notional, and 100% of visible notional.
$320

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
Close35.50
1W-5.5%
RS-3.4
Fair value-1.1%
Options pressure-93
Speculation1
Volatility75
Trend fit5

Today Versus Normal

Stored-options context

View history
Expected move 9.6% history building
30d avg - · 3/10 sessions -
90d avg - · 3/30 sessions -
180d avg - · 3/60 sessions -
IV 0.52 history building
30d avg - · 3/10 sessions -
90d avg - · 3/30 sessions -
180d avg - · 3/60 sessions -
Put-call - history building
30d avg - · 2/10 sessions -
90d avg - · 2/30 sessions -
180d avg - · 2/60 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 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 16:39 Volatility
Pressure -93
Move 9.6%

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 12
Puts · V 0 · OI 15
Strike40.00
Calls · V 0 · OI 25
Puts · V 0 · OI 0
Strike45.00
Calls · V 0 · OI 4
Puts · V 0 · OI 0
Strike50.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0

Term Structure

Expiration activity

Volume and IV
Expiry21 Aug 2026
Contracts16
Avg IV0.52
Put-call-
Expiry18 Sep 2026
Contracts18
Avg IV0.27
Put-call-
Expiry16 Oct 2026
Contracts18
Avg IV0.29
Put-call-
Expiry15 Jan 2027
Contracts18
Avg IV0.31
Put-call-

Skew

Call/put IV balance

OTM demand
21 Aug 2026Call IV premium
Call IV0.53
Put IV0.45
Skew-0.08
18 Sep 2026Put IV premium
Call IV0.14
Put IV0.40
Skew0.25
16 Oct 2026Put IV premium
Call IV0.11
Put IV0.34
Skew0.22
15 Jan 2027Put IV premium
Call IV0.07
Put IV0.44
Skew0.37

Contract Tape

Most active contracts

Full contract tape
ContractXRN270115P00035000
SidePut
Expiry15 Jan 2027
Strike35.00
Volume1
OI14
IV0.40
ContractXRN261016C00045000
SideCall
Expiry16 Oct 2026
Strike45.00
Volume-
OI84
IV0.21
ContractXRN270115C00040000
SideCall
Expiry15 Jan 2027
Strike40.00
Volume-
OI72
IV0.07
ContractXRN261016C00040000
SideCall
Expiry16 Oct 2026
Strike40.00
Volume-
OI53
IV0.11
ContractXRN261016P00035000
SidePut
Expiry16 Oct 2026
Strike35.00
Volume-
OI38
IV0.34
ContractXRN261016C00035000
SideCall
Expiry16 Oct 2026
Strike35.00
Volume-
OI27
IV0.36
ContractXRN270115C00045000
SideCall
Expiry15 Jan 2027
Strike45.00
Volume-
OI27
IV0.13
ContractXRN260821C00040000
SideCall
Expiry21 Aug 2026
Strike40.00
Volume-
OI25
IV0.53