Ticker Options Intelligence

PPTA options intelligence

Perpetua Resources Corp options pressure, expected move, strike concentration, and Sharemaestro trend context.

Conviction 57 Market data through 10 Aug 2026 Checked 11 Aug 2026 13:44 · complete available chain

Volatility expansion watch

Volatility pressure

PPTA currently carries volatility options pressure with a 57/100 conviction score. The nearest-chain expected move is 10.6%, with volume/open-interest participation at 0.03.

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

Volatility expansion watch

Expected move 10.6%

Wider near-term move priced

Activity / OI 0.03

Current volume is quieter versus prior open interest

Put-call 0.08

Call-side skew

Trend fit 0

Options are not fully confirming trend

Weekly backdrop +34.3%

RS -14.1

Expected move 10.6%
Put-call volume 0.08
Volume / OI 0.03
Reference IV 0.85
Max pain 20.00
Underlying 24.72
Nearest expiry 21 Aug 2026
Contracts 252

Research Brief

PPTA has a volatility chain read with 57/100 evidence alignment.

The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 22.09–27.35; The largest call open-interest concentration is 22.50; the largest put concentration is 20.00. The most active strike by current volume is 25.00.

Priced range22.09–27.35
Call concentration22.50
Put concentration20.00
Max pain reference20.00
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.

Priced Move

Where the chain says movement becomes exceptional

Size, not direction · through 21 Aug

Options imply 22.09 to 27.35. Max pain at 20.00 lies outside the priced range, so it is a weak near-term anchor.

Spot Max pain
22.0924.72 ± 2.6327.35
Confirmation level

A close beyond 27.35 or below 22.09 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 57/100

Evidence alignment, not probability

Pressure is 92/100 toward calls; conviction uses its strength, while the signal label carries its direction.

Directional pressure92 × 42%
+38.8

How strongly activity leans toward calls or puts.

Participation41 × 22%
+9.0

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.

Volatility96 × 10%
+9.6

The intensity of implied volatility and the priced move.

Reconstructed score57.3Matches 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 20.00. The most active strike by current volume is 25.00. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.

Put open interestStrikeCall open interest
0
2.50-89.9%
51
0
5.00-79.8%
3
0
7.50-69.7%
3
4
10.00-59.5%
207
57
12.50-49.4%
12
1057
15.00-39.3%
44
427
17.50-29.2%
315
1398
20.00-19.1%
1275
250
22.50-9.0%
3152
1075
25.001.1%
2155
68
30.0021.4%
1736
0
35.0041.6%
2076
10
40.0061.8%
1037
0
45.0082.0%
280
0
50.00102.3%
156
Nearest spot strike Max pain strikeBars show relative OI within this expiry

Gamma Profile by Strike

Positive gamma proxy

Reported Greeks · 99% 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+$660,092Delta change / 1% move
Positive peak25.00+$162,356
Negative peak17.50-$19,594
Nearest balance18.03Interpolated sign change
StrikeNegativePositiveNet / 1% move
2.50-89.9%
+$53
5.00-79.8%
+$607
7.50-69.7%
+$221
10.00-59.5%
+$878
12.50-49.4%
-$174
15.00-39.3%
-$9,500
17.50-29.2%
-$19,594
20.00-19.1%
+$72,745
22.50-9.0%
+$146,784
25.001.1%
+$162,356
30.0021.4%
+$149,930
35.0041.6%
+$57,494
40.0061.8%
+$67,143
45.0082.0%
+$20,149
50.00102.3%
+$11,001
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

1.08× front/back

Near- and longer-dated implied volatility are broadly aligned; no exceptional front-expiry premium is visible.

0.85 21 Aug 11d
0.72 18 Sep 39d
0.75 20 Nov 102d
0.73 18 Dec 130d
0.74 15 Jan 158d
0.75 19 Mar 221d
0.76 21 May 284d
0.75 20 Aug 375d

Volatility by Strike

Smile incomplete

Nearest expiry, within 20% of spot

There is not enough comparable OTM call and put volatility to classify the smile.

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
10 Aug 2026
Calculation
v2.0
Contracts
252 / 252
  • 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

89/100
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: $941,952 of estimated gross traded notional, calls · 91+ 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+92
1W price+34.3%
Call premium97%
Put premium3%
Notional split C 97% / P 3% Estimated gross traded notional uses volume × contract multiplier × midpoint, or last price when no valid midpoint is available.
Freshness 0.03 Volume divided by open interest across the visible chain.
Trend fit 0/100 Agreement between options pressure and Sharemaestro market context.
Event window 12 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 · 91+ days · ITM
Calls · 91+ days · ITM calls cluster with 570 contracts traded, $644,835 estimated gross traded notional, and 68% of visible notional.
$644,835
Calls · 8-21 days · ITM calls cluster with 326 contracts traded, $130,142 estimated gross traded notional, and 14% of visible notional.
$130,142
Calls · 91+ days · OTM calls cluster with 352 contracts traded, $55,950 estimated gross traded notional, and 6% of visible notional.
$55,950
Calls · 8-21 days · ATM calls cluster with 261 contracts traded, $33,930 estimated gross traded notional, and 4% of visible notional.
$33,930
Calls · 91+ days · ATM calls cluster with 67 contracts traded, $27,970 estimated gross traded notional, and 3% of visible notional.
$27,970

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

-

9 of 10 completed market sessions are available. More session history is needed before activity can be compared with a reliable normal.

Baseline: 9 completed sessions

Volume rank-
Volume/OI rank-
IV rank-

Market Context

Underlying confirmation

Sharemaestro weekly
Close24.72
1W+34.3%
RS-14.1
Fair value+81.0%
Options pressure92
Speculation41
Volatility96
Trend fit0

Today Versus Normal

Stored-options context

View history
Expected move 10.6% history building
30d avg - · 9/10 sessions -
90d avg - · 9/30 sessions -
180d avg - · 9/60 sessions -
IV 0.85 history building
30d avg - · 9/10 sessions -
90d avg - · 9/30 sessions -
180d avg - · 9/60 sessions -
Put-call 0.08 history building
30d avg - · 9/10 sessions -
90d avg - · 9/30 sessions -
180d avg - · 9/60 sessions -
Volume/OI 0.03 history building
30d avg - · 9/10 sessions -
90d avg - · 9/30 sessions -
180d avg - · 9/60 sessions -

Pressure Trail

Recent pressure and volatility

Open trail
29 Jul 10:52 Bullish
Pressure 71
Move 15.8%
30 Jul 08:38 Volatility
Pressure 90
Move 16.3%
31 Jul 11:14 Bullish
Pressure 77
Move 15.1%
31 Jul 14:49 Bullish
Pressure 58
Move 16.3%
1 Aug 07:42 Volatility
Pressure -45
Move 16.4%
3 Aug 10:24 Volatility
Pressure -45
Move 15.9%
4 Aug 11:01 Bullish
Pressure 63
Move 15.5%
5 Aug 00:10 Volatility
Pressure 66
Move 20.9%

Strike Map

Where activity is clustering

Full strike map
Strike2.50
Calls · V 0 · OI 51
Puts · V 0 · OI 0
Strike5.00
Calls · V 0 · OI 3
Puts · V 0 · OI 0
Strike7.50
Calls · V 0 · OI 3
Puts · V 0 · OI 0
Strike10.00
Calls · V 0 · OI 207
Puts · V 0 · OI 4
Strike12.50
Calls · V 0 · OI 12
Puts · V 0 · OI 57
Strike15.00
Calls · V 0 · OI 44
Puts · V 0 · OI 1057
Strike17.50
Calls · V 1 · OI 315
Puts · V 0 · OI 427
Strike20.00
Calls · V 158 · OI 1275
Puts · V 14 · OI 1398

Term Structure

Expiration activity

Volume and IV
Expiry21 Aug 2026
Contracts30
Avg IV0.85
Put-call0.11
Expiry18 Sep 2026
Contracts24
Avg IV0.72
Put-call0.24
Expiry20 Nov 2026
Contracts30
Avg IV0.75
Put-call0.04
Expiry18 Dec 2026
Contracts22
Avg IV0.73
Put-call0.06
Expiry15 Jan 2027
Contracts28
Avg IV0.74
Put-call0.03

Skew

Call/put IV balance

OTM demand
21 Aug 2026Balanced skew
Call IV0.75
Put IV0.75
Skew-
18 Sep 2026Balanced skew
Call IV0.68
Put IV0.71
Skew0.03
20 Nov 2026Balanced skew
Call IV0.73
Put IV0.72
Skew-0.01
18 Dec 2026Balanced skew
Call IV0.75
Put IV0.74
Skew-0.01
15 Jan 2027Balanced skew
Call IV0.77
Put IV0.73
Skew-0.04

Contract Tape

Most active contracts

Full contract tape
ContractPPTA260821C00025000
SideCall
Expiry21 Aug 2026
Strike25.00
Volume261
OI2155
IV0.78
ContractPPTA270115C00015000
SideCall
Expiry15 Jan 2027
Strike15.00
Volume250
OI609
IV0.78
ContractPPTA270115C00012500
SideCall
Expiry15 Jan 2027
Strike12.50
Volume250
OI314
IV0.61
ContractPPTA260821C00022500
SideCall
Expiry21 Aug 2026
Strike22.50
Volume167
OI3152
IV0.81
ContractPPTA261120C00035000
SideCall
Expiry20 Nov 2026
Strike35.00
Volume161
OI273
IV0.73
ContractPPTA260821C00020000
SideCall
Expiry21 Aug 2026
Strike20.00
Volume158
OI1275
IV1.07
ContractPPTA260918C00030000
SideCall
Expiry18 Sep 2026
Strike30.00
Volume111
OI1007
IV0.68
ContractPPTA261120C00025000
SideCall
Expiry20 Nov 2026
Strike25.00
Volume54
OI419
IV0.75

Evidence context