Ticker Options Intelligence

AAT options intelligence

American Assets Trust Inc options pressure, expected move, strike concentration, and Sharemaestro trend context.

Conviction 49 Market data through 31 Jul 2026 Checked 3 Aug 2026 12:13 · complete available chain

Volatility expansion watch

Volatility pressure

AAT currently carries volatility options pressure with a 49/100 conviction score. The nearest-chain expected move is 11.7%, with volume/open-interest participation at 0.01.

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

Volatility expansion watch

Expected move 11.7%

Wider near-term move priced

Activity / OI 0.01

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 -2.9%

RS 9.1

Expected move 11.7%
Put-call volume -
Volume / OI 0.01
Reference IV 0.49
Max pain 22.50
Underlying 23.59
Nearest expiry 21 Aug 2026
Contracts 70

Research Brief

AAT has a volatility 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 20.83–26.35; The largest call open-interest concentration is 25.00; the largest put concentration is 15.00. The most active strike by current volume is 12.50.

Priced range20.83–26.35
Call concentration25.00
Put concentration15.00
Max pain reference22.50
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 20.83 to 26.35. Max pain at 22.50 sits inside that range, 4.6% below spot.

Spot Max pain
20.8323.59 ± 2.7626.35
Confirmation level

A close beyond 26.35 or below 20.83 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

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.

Participation0 × 22%
+0.1

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.

Volatility74 × 10%
+7.4

The intensity of implied volatility and the priced move.

Reconstructed score49.5Matches stored calculation

Positioning by Strike

Where open interest and current activity concentrate

Full strike map

The largest call open-interest concentration is 25.00; the largest put concentration is 15.00. The most active strike by current volume is 12.50. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.

Put open interestStrikeCall open interest
0
12.50-47.0%
0
5
15.00-36.4%
0
0
17.50-25.8%
0
0
20.00-15.2%
2
3
22.50-4.6%
0
0
25.006.0%
55
0
30.0027.2%
7
0
35.0048.4%
0
Nearest spot strike Max pain strikeBars show relative OI within this expiry

Gamma Profile by Strike

Positive gamma proxy

Reported Greeks · 100% 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+$6,447Delta change / 1% move
Positive peak25.00+$3,898
Negative peak15.00-$18
Nearest balance15.71Interpolated sign change
StrikeNegativePositiveNet / 1% move
15.00-36.4%
-$18
17.50-25.8%
+$45
20.00-15.2%
+$105
22.50-4.6%
+$2,277
25.006.0%
+$3,898
30.0027.2%
+$140
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

2.32× front/back

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

0.49 21 Aug 21d
0.39 18 Sep 49d
0.19 16 Oct 77d
0.21 15 Jan 168d

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.

20
23
25
Put IV Call IV

Historical Replay

How matured reads behaved through expiry

0 matured · 0 directional

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

Usable with limits

C69/100
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: $406 of estimated gross traded notional, calls · 46-90 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-2.9%
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 0.01 Volume divided by open interest across the visible chain.
Trend fit 0/100 Agreement between options pressure and Sharemaestro market context.
Event window 4 Aug Matched earnings event is 0 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 2 contracts traded, $406 estimated gross traded notional, and 100% of visible notional.
$406

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

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
Close23.59
1W-2.9%
RS9.1
Fair value+18.9%
Options pressure100
Speculation0
Volatility74
Trend fit0

Today Versus Normal

Stored-options context

View history
Expected move 11.7% 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 0.00 history building
30d avg - · 1/10 sessions -
90d avg - · 1/30 sessions -
180d avg - · 1/60 sessions -
Volume/OI 0.01 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 11:04 Mixed
Pressure 11
Move 7.5%
30 Jul 10:52 Mixed
Pressure 10
Move 7.9%
31 Jul 06:32 Mixed
Pressure 10
Move 9.6%
3 Aug 11:13 Volatility
Pressure 100
Move 11.7%

Strike Map

Where activity is clustering

Full strike map
Strike12.50
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike15.00
Calls · V 0 · OI 0
Puts · V 0 · OI 5
Strike17.50
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike20.00
Calls · V 0 · OI 2
Puts · V 0 · OI 0
Strike22.50
Calls · V 0 · OI 0
Puts · V 0 · OI 3
Strike25.00
Calls · V 0 · OI 55
Puts · V 0 · OI 0
Strike30.00
Calls · V 0 · OI 7
Puts · V 0 · OI 0
Strike35.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0

Term Structure

Expiration activity

Volume and IV
Expiry21 Aug 2026
Contracts16
Avg IV0.49
Put-call-
Expiry18 Sep 2026
Contracts16
Avg IV0.39
Put-call-
Expiry16 Oct 2026
Contracts24
Avg IV0.19
Put-call-
Expiry15 Jan 2027
Contracts14
Avg IV0.21
Put-call-

Skew

Call/put IV balance

OTM demand
21 Aug 2026Balanced skew
Call IV0.13
Put IV0.11
Skew-0.02
18 Sep 2026Balanced skew
Call IV0.08
Put IV0.08
Skew-
16 Oct 2026Balanced skew
Call IV0.06
Put IV0.06
Skew-
15 Jan 2027Call IV premium
Call IV0.25
Put IV0.05
Skew-0.20

Contract Tape

Most active contracts

Full contract tape
ContractAAT261016C00022500
SideCall
Expiry16 Oct 2026
Strike22.50
Volume2
OI-
IV0.01
ContractAAT260821C00025000
SideCall
Expiry21 Aug 2026
Strike25.00
Volume-
OI55
IV0.13
ContractAAT270115C00022500
SideCall
Expiry15 Jan 2027
Strike22.50
Volume-
OI43
IV0.20
ContractAAT270115C00030000
SideCall
Expiry15 Jan 2027
Strike30.00
Volume-
OI9
IV0.14
ContractAAT270115C00025000
SideCall
Expiry15 Jan 2027
Strike25.00
Volume-
OI8
IV0.25
ContractAAT260821C00030000
SideCall
Expiry21 Aug 2026
Strike30.00
Volume-
OI7
IV0.43
ContractAAT260821P00015000
SidePut
Expiry21 Aug 2026
Strike15.00
Volume-
OI5
IV0.80
ContractAAT270115C00017500
SideCall
Expiry15 Jan 2027
Strike17.50
Volume-
OI4
IV0.31