Ticker Options Intelligence

ENR options intelligence

Energizer Holdings Inc options pressure, expected move, strike concentration, and Sharemaestro trend context.

Conviction 42 Market data through 31 Jul 2026 Checked 1 Aug 2026 01:58 · complete available chain

Options-market disagreement

Mixed pressure

ENR currently carries mixed options pressure with a 42/100 conviction score. The nearest-chain expected move is 12.5%, 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 Mixed

Options-market disagreement

Expected move 12.5%

Wider near-term move priced

Activity / OI 0.01

Current volume is quieter versus prior open interest

Put-call 1.11

Balanced tape

Trend fit 98

Options agree with trend context

Weekly backdrop +3.6%

RS -8.5

Expected move 12.5%
Put-call volume 1.11
Volume / OI 0.01
Reference IV 0.75
Max pain 20.00
Underlying 20.96
Nearest expiry 21 Aug 2026
Contracts 94

Research Brief

ENR has a mixed chain read with 42/100 evidence alignment.

The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 18.34–23.58; The largest call open-interest concentration is 22.50; the largest put concentration is 12.50. The most active strike by current volume is 22.50.

Priced range18.34–23.58
Call concentration22.50
Put concentration12.50
Max pain reference20.00
What would confirm it
  • A clear directional pressure reading develops and price begins to agree.
  • The current chain read already agrees with the stored weekly trend context.
What would weaken it
  • Volatility falls and the chain remains directionally mixed.
  • 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 18.34 to 23.58. Max pain at 20.00 sits inside that range, 4.6% below spot.

Spot Max pain
18.3420.96 ± 2.6223.58
Confirmation level

A close beyond 23.58 or below 18.34 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 42/100

Evidence alignment, not probability

Pressure is 1/100 toward calls; conviction uses its strength, while the signal label carries its direction.

Directional pressure1 × 42%
+0.6

How strongly activity leans toward calls or puts.

Participation30 × 22%
+6.7

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

Trend agreement98 × 26%
+25.5

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

Volatility92 × 10%
+9.2

The intensity of implied volatility and the priced move.

Reconstructed score42.1Matches stored calculation

Positioning by Strike

Where open interest and current activity concentrate

Full strike map

The largest call open-interest concentration is 22.50; the largest put concentration is 12.50. The most active strike by current volume is 22.50. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.

Put open interestStrikeCall open interest
5
10.00-52.3%
15
814
12.50-40.4%
8
617
15.00-28.4%
72
798
17.50-16.5%
244
339
20.00-4.6%
1131
33
22.507.3%
2848
80
25.0019.3%
1599
0
30.0043.1%
18
0
35.0067.0%
0
Nearest spot strike Max pain strikeBars show relative OI within this expiry

Volatility Curve

Front-loaded volatility

1.49× front/back

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

0.75 21 Aug 21d
0.51 18 Sep 49d
0.53 20 Nov 112d
0.52 18 Dec 140d
0.50 19 Feb 203d

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.

18
20
23
25
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
94 / 94
  • 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

87/100
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 No clean flow/price divergence

The options read is mixed, so divergence is not strong enough to classify.

Why this matters

Earnings/event positioning matters because it connects the options headline to the actual evidence: $38568 of estimated gross traded notional, puts · 91+ 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+1
1W price+3.6%
Call premium21%
Put premium79%
Notional split C 21% / P 79% 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 98/100 Agreement between options pressure and Sharemaestro market context.
Event window 3 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 · ITM
Puts · 91+ days · ITM puts cluster with 74 contracts traded, $25460 estimated gross traded notional, and 66% of visible notional.
$25460
Calls · 8-21 days · OTM calls cluster with 75 contracts traded, $4100 estimated gross traded notional, and 11% of visible notional.
$4100
Puts · 91+ days · OTM puts cluster with 12 contracts traded, $3190 estimated gross traded notional, and 8% of visible notional.
$3190
Puts · 8-21 days · OTM puts cluster with 23 contracts traded, $1925 estimated gross traded notional, and 5% of visible notional.
$1925
Calls · 91+ days · OTM calls cluster with 9 contracts traded, $1730 estimated gross traded notional, and 4% of visible notional.
$1730

Setup Classification

Opportunity and risk frame

Context, not advice
Positive Options-confirmed trend

Positioning agrees with the Sharemaestro trend backdrop.

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.

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
Close20.96
1W+3.6%
RS-8.5
Fair value-17.3%
Options pressure1
Speculation30
Volatility92
Trend fit98

Today Versus Normal

Stored-options context

View history
Expected move 12.5% history building
30d avg - · 3/10 sessions -
90d avg - · 3/30 sessions -
180d avg - · 3/60 sessions -
IV 0.75 history building
30d avg - · 3/10 sessions -
90d avg - · 3/30 sessions -
180d avg - · 3/60 sessions -
Put-call 1.11 history building
30d avg - · 3/10 sessions -
90d avg - · 3/30 sessions -
180d avg - · 3/60 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 11:10 Volatility
Pressure 57
Move 15.0%
30 Jul 10:56 Volatility
Pressure 51
Move 13.1%
31 Jul 10:40 Volatility
Pressure 44
Move 13.8%
31 Jul 17:04 Volatility
Pressure 75
Move 12.6%
31 Jul 23:07 Volatility
Pressure 66
Move 12.5%
1 Aug 00:58 Mixed
Pressure 1
Move 12.5%

Strike Map

Where activity is clustering

Full strike map
Strike10.00
Calls · V 0 · OI 15
Puts · V 0 · OI 5
Strike12.50
Calls · V 0 · OI 8
Puts · V 0 · OI 814
Strike15.00
Calls · V 0 · OI 72
Puts · V 0 · OI 617
Strike17.50
Calls · V 0 · OI 244
Puts · V 3 · OI 798
Strike20.00
Calls · V 5 · OI 1131
Puts · V 20 · OI 339
Strike22.50
Calls · V 65 · OI 2848
Puts · V 0 · OI 33
Strike25.00
Calls · V 10 · OI 1599
Puts · V 0 · OI 80
Strike30.00
Calls · V 0 · OI 18
Puts · V 0 · OI 0

Term Structure

Expiration activity

Volume and IV
Expiry21 Aug 2026
Contracts18
Avg IV0.75
Put-call0.29
Expiry18 Sep 2026
Contracts16
Avg IV0.51
Put-call-
Expiry20 Nov 2026
Contracts24
Avg IV0.53
Put-call-
Expiry18 Dec 2026
Contracts22
Avg IV0.52
Put-call1.25
Expiry19 Feb 2027
Contracts14
Avg IV0.50
Put-call2.00

Skew

Call/put IV balance

OTM demand
21 Aug 2026Put IV premium
Call IV0.58
Put IV1.12
Skew0.54
18 Sep 2026Put IV premium
Call IV0.47
Put IV0.63
Skew0.16
20 Nov 2026Put IV premium
Call IV0.51
Put IV0.60
Skew0.09
18 Dec 2026Put IV premium
Call IV0.52
Put IV0.58
Skew0.06
19 Feb 2027Put IV premium
Call IV0.44
Put IV0.67
Skew0.22

Contract Tape

Most active contracts

Full contract tape
ContractENR260821C00022500
SideCall
Expiry21 Aug 2026
Strike22.50
Volume65
OI2848
IV0.58
ContractENR261120P00022500
SidePut
Expiry20 Nov 2026
Strike22.50
Volume64
OI17
IV0.57
ContractENR260821P00020000
SidePut
Expiry21 Aug 2026
Strike20.00
Volume20
OI339
IV0.66
ContractENR260821C00025000
SideCall
Expiry21 Aug 2026
Strike25.00
Volume10
OI1599
IV0.62
ContractENR261218P00022500
SidePut
Expiry18 Dec 2026
Strike22.50
Volume10
OI14
IV0.57
ContractENR270219P00020000
SidePut
Expiry19 Feb 2027
Strike20.00
Volume10
OI3
IV0.58
ContractENR260821C00020000
SideCall
Expiry21 Aug 2026
Strike20.00
Volume5
OI1131
IV0.61
ContractENR270219C00022500
SideCall
Expiry19 Feb 2027
Strike22.50
Volume5
OI124
IV0.44