Primary read
Mixed
Options-market disagreement
Ticker Options Intelligence
EIX options intelligence
Edison International options pressure, expected move, strike concentration, and Sharemaestro trend context.
Conviction
41
Market data through 30 Jul 2026
Checked 31 Jul 2026 11:05 · complete available chain
Options-market disagreement
Mixed pressure
EIX currently carries mixed options pressure with a 41/100 conviction score. The nearest-chain expected move is 5.1%, with volume/open-interest participation at 0.02.
Expected move
5.1%
Near-term move context
Activity / OI
0.02
Current volume is quieter versus prior open interest
Put-call
0.72
Call-side skew
Trend fit
84
Options agree with trend context
Weekly backdrop
+2.7%
RS 16.8
Expected move
5.1%
Put-call volume
0.72
Volume / OI
0.02
Reference IV
0.30
Max pain
75.00
Underlying
79.75
Nearest expiry
21 Aug 2026
Contracts
236
Research Brief
EIX has a mixed chain read with 41/100 evidence alignment.
The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 75.70–83.80; The largest call open-interest concentration is 85.00; the largest put concentration is 65.00. The most active strike by current volume is 77.50.
Priced range75.70–83.80
Call concentration85.00
Put concentration65.00
Max pain reference75.00
- A clear directional pressure reading develops and price begins to agree.
- The current chain read already agrees with the stored weekly trend context.
- Volatility falls and the chain remains directionally mixed.
Priced Move
Where the chain says movement becomes exceptional
Options imply 75.70 to 83.80. Max pain at 75.00 lies outside the priced range, so it is a weak near-term anchor.
Spot
Max pain
75.7079.75 ± 4.0583.80
Confirmation level
A close beyond 83.80 or below 75.70 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 41/100
Pressure is 14/100 toward calls; conviction uses its strength, while the signal label carries its direction.
Directional pressure14 × 42%
+6.0
How strongly activity leans toward calls or puts.
Participation41 × 22%
+8.9
Volume relative to existing open interest and contract-level activity.
Trend agreement84 × 26%
+21.7
How closely the chain read agrees with the underlying trend backdrop.
Volatility41 × 10%
+4.1
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 85.00; the largest put concentration is 65.00. The most active strike by current volume is 77.50. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.
Put open interestStrikeCall open interest
3
50.00-37.3%
0
3
55.00-31.0%
0
8
60.00-24.8%
0
21
62.50-21.6%
0
2637
65.00-18.5%
9
477
67.50-15.4%
1
2039
70.00-12.2%
57
1204
72.50-9.1%
296
989
75.00-6.0%
1129
191
77.50-2.8%
652
209
80.000.3%
1296
0
82.503.4%
158
0
85.006.6%
2016
0
87.509.7%
373
0
90.0012.9%
91
0
95.0019.1%
12
0
100.0025.4%
0
Nearest spot strike Max pain strikeBars show relative OI within this expiry
Volatility Curve
Balanced volatility curve
Near- and longer-dated implied volatility are broadly aligned; no exceptional front-expiry premium is visible.
0.30
21 Aug
22d
0.29
18 Sep
50d
0.29
16 Oct
78d
0.26
15 Jan
169d
0.27
21 Jan
540d
Volatility by Strike
Downside protection premium
Out-of-the-money puts carry higher implied volatility than comparable calls, indicating richer downside protection.
65
68
70
73
75
78
80
83
85
88
90
95
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
- 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
Retained chain100%
Implied volatility100%
Two-sided quotes100%
Open interest100%
- Chain status
- Complete available chain
- Market date
- 30 Jul 2026
- Calculation
- v2.0
- Contracts
- 236 / 236
- 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
Multi-expiry position-maintenance candidate
Activity is spread across expirations with heavier open interest than current volume, which can be consistent with position maintenance.
The options read is mixed, so divergence is not strong enough to classify.
Multi-expiry position-maintenance candidate matters because it connects the options headline to the actual evidence: $275865 of estimated gross traded notional, calls · 8-21 days · itm, and a no clean flow/price divergence backdrop. Use it as a research priority signal, then validate the chart, liquidity, event calendar, and risk before acting.
Options pressure+14
1W price+2.7%
Call premium86%
Put premium14%
Notional split
C 86% / P 14%
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
84/100
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.
Roll detection is conservative because opening and closing legs are not directly observable in this snapshot.
Calls · 8-21 days · ITM
calls cluster with 245 contracts traded, $102955 estimated gross traded notional, and 37% of visible notional.
$102955
Calls · 91+ days · ITM
calls cluster with 67 contracts traded, $61695 estimated gross traded notional, and 22% of visible notional.
$61695
Puts · 46-90 days · OTM
puts cluster with 277 contracts traded, $32482 estimated gross traded notional, and 12% of visible notional.
$32482
Calls · 91+ days · ATM
calls cluster with 33 contracts traded, $31185 estimated gross traded notional, and 11% of visible notional.
$31185
Calls · 46-90 days · ITM
calls cluster with 52 contracts traded, $25110 estimated gross traded notional, and 9% of visible notional.
$25110
Setup Classification
Opportunity and risk frame
Positioning agrees with the Sharemaestro trend backdrop.
Activity Anomaly
Warming up
2 of 10 completed market sessions are available. More session history is needed before activity can be compared with a reliable normal.
Baseline: 2 completed sessions
Volume rank-
Volume/OI rank-
IV rank-
Market Context
Underlying confirmation
Close79.75
1W+2.7%
RS16.8
Fair value+27.2%
Options pressure14
Speculation41
Volatility41
Trend fit84
Today Versus Normal
Stored-options context
30d avg - · 2/10 sessions
-
90d avg - · 2/30 sessions
-
180d avg - · 2/60 sessions
-
30d avg - · 2/10 sessions
-
90d avg - · 2/30 sessions
-
180d avg - · 2/60 sessions
-
30d avg - · 2/10 sessions
-
90d avg - · 2/30 sessions
-
180d avg - · 2/60 sessions
-
30d avg - · 2/10 sessions
-
90d avg - · 2/30 sessions
-
180d avg - · 2/60 sessions
-
Pressure Trail
Recent pressure and volatility
29 Jul 10:15
Bullish
Pressure 29
Move 6.0%
30 Jul 10:11
Mixed
Pressure 13
Move 5.9%
31 Jul 10:05
Mixed
Pressure 14
Move 5.1%
Strike Map
Where activity is clustering
Strike50.00
Calls · V 0 · OI 0
Puts · V 0 · OI 3
Strike55.00
Calls · V 0 · OI 0
Puts · V 0 · OI 3
Strike60.00
Calls · V 0 · OI 0
Puts · V 0 · OI 8
Strike62.50
Calls · V 0 · OI 0
Puts · V 0 · OI 21
Strike65.00
Calls · V 0 · OI 9
Puts · V 0 · OI 2637
Strike67.50
Calls · V 0 · OI 1
Puts · V 12 · OI 477
Strike70.00
Calls · V 51 · OI 57
Puts · V 35 · OI 2039
Strike72.50
Calls · V 6 · OI 296
Puts · V 8 · OI 1204
Term Structure
Expiration activity
Expiry21 Aug 2026
Contracts36
Avg IV0.30
Put-call0.21
Expiry18 Sep 2026
Contracts36
Avg IV0.29
Put-call4.40
Expiry16 Oct 2026
Contracts42
Avg IV0.29
Put-call1.29
Expiry15 Jan 2027
Contracts60
Avg IV0.26
Put-call0.17
Expiry21 Jan 2028
Contracts62
Avg IV0.27
Put-call0.17
Skew
Call/put IV balance
21 Aug 2026Put IV premium
Call IV0.25
Put IV0.34
Skew0.09
18 Sep 2026Put IV premium
Call IV0.28
Put IV0.34
Skew0.06
16 Oct 2026Put IV premium
Call IV0.26
Put IV0.36
Skew0.10
15 Jan 2027Put IV premium
Call IV0.24
Put IV0.33
Skew0.09
21 Jan 2028Put IV premium
Call IV0.22
Put IV0.35
Skew0.13
Contract Tape
Most active contracts
ContractEIX260918P00070000
SidePut
Expiry18 Sep 2026
Strike70.00
Volume215
OI22
IV0.38
ContractEIX260821C00077500
SideCall
Expiry21 Aug 2026
Strike77.50
Volume174
OI652
IV0.25
ContractEIX260821C00070000
SideCall
Expiry21 Aug 2026
Strike70.00
Volume51
OI57
IV0.01
ContractEIX260821C00080000
SideCall
Expiry21 Aug 2026
Strike80.00
Volume47
OI1296
IV0.26
ContractEIX260918C00077500
SideCall
Expiry18 Sep 2026
Strike77.50
Volume40
OI65
IV0.27
ContractEIX260821P00070000
SidePut
Expiry21 Aug 2026
Strike70.00
Volume35
OI2039
IV0.39
ContractEIX280121C00080000
SideCall
Expiry21 Jan 2028
Strike80.00
Volume31
OI102
IV0.22
ContractEIX270115C00075000
SideCall
Expiry15 Jan 2027
Strike75.00
Volume27
OI367
IV0.26
Research Graph
Related research and context
Sharemaestro research
Related News
Market Watch
No recent market-watch posts yet.
Earnings
No upcoming matched earnings event.
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.