Primary read
Bearish
Put-side pressure
Ticker Options Intelligence
PHIN options intelligence
PHINIA Inc. options pressure, expected move, strike concentration, and Sharemaestro trend context.
Conviction
49
Market data through 12 Aug 2026
Checked 13 Aug 2026 13:42 · complete available chain
Put-side pressure
Bearish pressure
PHIN currently carries bearish options pressure with a 49/100 conviction score. The nearest-chain expected move is 5.5%, with volume/open-interest participation at 0.00.
Expected move
5.5%
Near-term move context
Activity / OI
0.00
Current volume is quieter versus prior open interest
Put-call
-
Balanced tape
Trend fit
9
Options are not fully confirming trend
Weekly backdrop
+1.8%
RS 0.7
Expected move
5.5%
Put-call volume
-
Volume / OI
0.00
Reference IV
0.36
Max pain
80.00
Underlying
74.91
Nearest expiry
21 Aug 2026
Contracts
332
Research Brief
PHIN has a bearish chain read with 49/100 evidence alignment.
The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 70.78–79.04; The largest call open-interest concentration is 95.00; the largest put concentration is 80.00. The most active strike by current volume is 80.00.
Priced range70.78–79.04
Call concentration95.00
Put concentration80.00
Max pain reference80.00
- Price remains weak while put-side concentration persists.
- Price recovers while put pressure fades or reverses toward calls.
- Options and the weekly trend are not yet giving the same message.
Priced Move
Where the chain says movement becomes exceptional
Options imply 70.78 to 79.04. Max pain at 80.00 lies outside the priced range, so it is a weak near-term anchor.
Spot
Max pain
70.7874.91 ± 4.1379.04
Confirmation level
A close beyond 79.04 or below 70.78 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 49/100
Pressure is 100/100 toward puts; conviction uses its strength, while the signal label carries its direction.
Directional pressure100 × 42%
+42.0
How strongly activity leans toward calls or puts.
Participation1 × 22%
+0.1
Volume relative to existing open interest and contract-level activity.
Trend agreement9 × 26%
+2.4
How closely the chain read agrees with the underlying trend backdrop.
Volatility47 × 10%
+4.7
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 95.00; the largest put concentration is 80.00. The most active strike by current volume is 80.00. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.
Put open interestStrikeCall open interest
22
45.00-39.9%
0
11
47.50-36.6%
0
12
50.00-33.3%
0
12
52.50-29.9%
0
11
55.00-26.6%
2
8
60.00-19.9%
1
8
65.00-13.2%
1
5
67.50-9.9%
1
9
70.00-6.6%
10
6
72.50-3.2%
7
2
75.000.1%
5
4
77.503.5%
4
53
80.006.8%
23
4
82.5010.1%
3
3
85.0013.5%
17
0
87.5016.8%
10
0
95.0026.8%
33
Nearest spot strike Max pain strikeBars show relative OI within this expiry
Gamma Profile by Strike
Negative gamma proxy
Put-side gamma sensitivity outweighs the call-side proxy across the retained chain. The largest bars mark levels where delta-hedging sensitivity may be most concentrated.
Net profile-$15,489Delta change / 1% move
Positive peak77.50+$1,793
Negative peak65.00-$20,256
Nearest balance79.30Interpolated sign change
StrikeNegativePositiveNet / 1% move
47.50-36.6%
-$42
50.00-33.3%
-$91
52.50-29.9%
-$69
55.00-26.6%
+$605
57.50-23.2%
+$52
60.00-19.9%
+$255
62.50-16.6%
+$80
65.00-13.2%
-$20,256
67.50-9.9%
-$75
70.00-6.6%
+$143
72.50-3.2%
+$693
75.000.1%
+$806
77.503.5%
+$1,793
80.006.8%
-$696
82.5010.1%
-$471
85.0013.5%
-$1,082
87.5016.8%
+$468
90.0020.1%
+$962
92.5023.5%
+$13
95.0026.8%
+$1,001
100.0033.5%
+$120
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
Balanced volatility curve
Near- and longer-dated implied volatility are broadly aligned; no exceptional front-expiry premium is visible.
0.36
21 Aug
9d
0.35
18 Sep
37d
0.36
20 Nov
100d
0.36
18 Dec
128d
0.35
15 Jan
156d
0.35
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.
60
63
65
68
70
73
75
78
80
83
85
88
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
- 332 / 332
- 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
Put-heavy activity
Put-side activity dominates. This can reflect hedging or directional positioning, but the chain alone cannot distinguish buying from selling.
Put-side pressure is building while price is rising, a cautionary divergence.
Put-heavy activity matters because it connects the options headline to the actual evidence: $4,380 of estimated gross traded notional, puts · 22-45 days · itm, and a bearish flow against rising 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+1.8%
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
9/100
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.
Puts · 22-45 days · ITM
puts cluster with 3 contracts traded, $2,745 estimated gross traded notional, and 63% of visible notional.
$2,745
Puts · 8-21 days · ITM
puts cluster with 3 contracts traded, $1,635 estimated gross traded notional, and 37% of visible notional.
$1,635
Setup Classification
Opportunity and risk frame
Options positioning is not confirming the underlying trend context.
Activity Anomaly
Normal range
Activity is broadly in line with recent stored snapshots.
Baseline: 10 completed sessions
Volume rank40th
Volume/OI rank40th
IV rank10th
Market Context
Underlying confirmation
Close74.91
1W+1.8%
RS0.7
Fair value+55.5%
Options pressure-100
Speculation1
Volatility47
Trend fit9
Today Versus Normal
Stored-options context
30d avg 8.7% · 10 sessions
10th
90d avg - · 10/30 sessions
-
180d avg - · 10/60 sessions
-
30d avg 0.41 · 10 sessions
10th
90d avg - · 10/30 sessions
-
180d avg - · 10/60 sessions
-
30d avg - · 7/10 sessions
-
90d avg - · 7/30 sessions
-
180d avg - · 7/60 sessions
-
30d avg 0.45 · 10 sessions
40th
90d avg - · 10/30 sessions
-
180d avg - · 10/60 sessions
-
Pressure Trail
Recent pressure and volatility
29 Jul 10:55
Mixed
Pressure 8
Move 10.2%
30 Jul 10:45
Bullish
Pressure 85
Move 11.7%
31 Jul 11:07
Bearish
Pressure -88
Move 9.0%
1 Aug 09:33
Bullish
Pressure 88
Move 8.3%
3 Aug 11:48
Bullish
Pressure 88
Move 8.2%
3 Aug 17:15
Volatility
Pressure -99
Move 9.5%
4 Aug 07:41
Bullish
Pressure 57
Move 10.8%
4 Aug 18:09
Volatility
Pressure -98
Move 13.7%
Strike Map
Where activity is clustering
Strike35.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike37.50
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike40.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike42.50
Calls · V 0 · OI 4
Puts · V 0 · OI 0
Strike45.00
Calls · V 0 · OI 0
Puts · V 0 · OI 22
Strike47.50
Calls · V 0 · OI 0
Puts · V 0 · OI 11
Strike50.00
Calls · V 0 · OI 0
Puts · V 0 · OI 12
Strike52.50
Calls · V 0 · OI 0
Puts · V 0 · OI 12
Term Structure
Expiration activity
Expiry21 Aug 2026
Contracts60
Avg IV0.36
Put-call-
Expiry18 Sep 2026
Contracts38
Avg IV0.35
Put-call-
Expiry20 Nov 2026
Contracts60
Avg IV0.36
Put-call-
Expiry18 Dec 2026
Contracts60
Avg IV0.36
Put-call-
Expiry15 Jan 2027
Contracts60
Avg IV0.35
Put-call-
Skew
Call/put IV balance
21 Aug 2026Balanced skew
Call IV0.54
Put IV0.58
Skew0.04
18 Sep 2026Balanced skew
Call IV0.39
Put IV0.41
Skew0.02
20 Nov 2026Balanced skew
Call IV0.40
Put IV0.37
Skew-0.03
18 Dec 2026Balanced skew
Call IV0.38
Put IV0.36
Skew-0.02
15 Jan 2027Balanced skew
Call IV0.37
Put IV0.37
Skew-
Contract Tape
Most active contracts
ContractPHIN260821P00080000
SidePut
Expiry21 Aug 2026
Strike80.00
Volume3
OI53
IV0.01
ContractPHIN260918P00082500
SidePut
Expiry18 Sep 2026
Strike82.50
Volume3
OI-
IV0.38
ContractPHIN260918P00065000
SidePut
Expiry18 Sep 2026
Strike65.00
Volume-
OI800
IV0.17
ContractPHIN260821C00095000
SideCall
Expiry21 Aug 2026
Strike95.00
Volume-
OI33
IV0.60
ContractPHIN260821C00080000
SideCall
Expiry21 Aug 2026
Strike80.00
Volume-
OI23
IV0.21
ContractPHIN260821P00045000
SidePut
Expiry21 Aug 2026
Strike45.00
Volume-
OI22
IV1.17
ContractPHIN261120P00080000
SidePut
Expiry20 Nov 2026
Strike80.00
Volume-
OI17
IV0.37
ContractPHIN260821C00085000
SideCall
Expiry21 Aug 2026
Strike85.00
Volume-
OI17
IV0.36
Research Graph
Related research and context
Sharemaestro research
Related News
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Earnings
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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.