Ticker Options Intelligence

STRL options intelligence

Sterling Construction Company Inc options pressure, expected move, strike concentration, and Sharemaestro trend context.

Conviction 49 Market data through 30 Jul 2026 Checked 31 Jul 2026 11:05 · complete available chain

Volatility expansion watch

Volatility pressure

STRL currently carries volatility options pressure with a 49/100 conviction score. The nearest-chain expected move is 21.6%, with volume/open-interest participation at 0.07.

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

Volatility expansion watch

Expected move 21.6%

Wider near-term move priced

Activity / OI 0.07

Current volume is quieter versus prior open interest

Put-call 0.78

Balanced tape

Trend fit 90

Options agree with trend context

Weekly backdrop +3.5%

RS 35.4

Expected move 21.6%
Put-call volume 0.78
Volume / OI 0.07
Reference IV 1.06
Max pain 700.00
Underlying 660.94
Nearest expiry 21 Aug 2026
Contracts 944

Research Brief

STRL 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 518.09–803.78; The largest call open-interest concentration is 700.00; the largest put concentration is 600.00. The most active strike by current volume is 650.00.

Priced range518.09–803.78
Call concentration700.00
Put concentration600.00
Max pain reference700.00
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 518.09 to 803.78. Max pain at 700.00 sits inside that range, 5.9% above spot.

Spot Max pain
518.09660.94 ± 142.85803.78
Confirmation level

A close beyond 803.78 or below 518.09 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 49/100

Evidence alignment, not probability

Pressure is 16/100 toward calls; conviction uses its strength, while the signal label carries its direction.

Directional pressure16 × 42%
+6.7

How strongly activity leans toward calls or puts.

Participation42 × 22%
+9.2

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

Trend agreement90 × 26%
+23.5

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 score49.0Matches stored calculation

Positioning by Strike

Where open interest and current activity concentrate

Full strike map

The largest call open-interest concentration is 700.00; the largest put concentration is 600.00. The most active strike by current volume is 650.00. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.

Put open interestStrikeCall open interest
54
400.00-39.5%
1
51
450.00-31.9%
0
137
500.00-24.3%
12
108
530.00-19.8%
2
50
540.00-18.3%
15
57
550.00-16.8%
20
26
560.00-15.3%
8
81
580.00-12.2%
2
183
600.00-9.2%
26
43
650.00-1.7%
35
31
690.004.4%
26
72
700.005.9%
292
7
720.008.9%
48
25
750.0013.5%
41
34
850.0028.6%
25
6
900.0036.2%
65
0
1000.0051.3%
53
Nearest spot strike Max pain strikeBars show relative OI within this expiry

Volatility Curve

Front-loaded volatility

1.20× front/back

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

1.06 21 Aug 22d
0.96 18 Sep 50d
0.90 18 Dec 141d
0.90 15 Jan 169d
0.88 19 Mar 232d

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.

530
540
560
570
580
590
610
620
630
650
660
670
690
700
710
730
740
750
760
780
790
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

Usable with limits

C69/100
Retained chain100%
Implied volatility100%
Two-sided quotes100%
Open interest100%
Chain status
Complete available chain
Market date
30 Jul 2026
Calculation
v2.0
Contracts
944 / 944
  • 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: $5.3M of estimated gross traded notional, puts · 91+ days · otm, 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+16
1W price+3.5%
Call premium54%
Put premium46%
Notional split C 54% / P 46% Estimated gross traded notional uses volume × contract multiplier × midpoint, or last price when no valid midpoint is available.
Freshness 0.07 Volume divided by open interest across the visible chain.
Trend fit 90/100 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 · OTM
Puts · 91+ days · OTM puts cluster with 184 contracts traded, $1.6M estimated gross traded notional, and 29% of visible notional.
$1.6M
Calls · 91+ days · ITM calls cluster with 63 contracts traded, $1.1M estimated gross traded notional, and 20% of visible notional.
$1.1M
Calls · 91+ days · OTM calls cluster with 62 contracts traded, $531560 estimated gross traded notional, and 10% of visible notional.
$531560
Calls · 8-21 days · ITM calls cluster with 70 contracts traded, $487540 estimated gross traded notional, and 9% of visible notional.
$487540
Puts · 46-90 days · ITM puts cluster with 14 contracts traded, $288650 estimated gross traded notional, and 5% of visible notional.
$288650

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

-

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

Sharemaestro weekly
Close660.94
1W+3.5%
RS35.4
Fair value+177.5%
Options pressure16
Speculation42
Volatility96
Trend fit90

Today Versus Normal

Stored-options context

View history
Expected move 21.6% history building
30d avg - · 2/10 sessions -
90d avg - · 2/30 sessions -
180d avg - · 2/60 sessions -
IV 1.06 history building
30d avg - · 2/10 sessions -
90d avg - · 2/30 sessions -
180d avg - · 2/60 sessions -
Put-call 0.78 history building
30d avg - · 2/10 sessions -
90d avg - · 2/30 sessions -
180d avg - · 2/60 sessions -
Volume/OI 0.07 history building
30d avg - · 2/10 sessions -
90d avg - · 2/30 sessions -
180d avg - · 2/60 sessions -

Pressure Trail

Recent pressure and volatility

Open trail
29 Jul 10:16 Mixed
Pressure 2
Move 25.3%
30 Jul 10:12 Volatility
Pressure 18
Move 29.2%
31 Jul 10:05 Volatility
Pressure 16
Move 21.6%

Strike Map

Where activity is clustering

Full strike map
Strike320.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike330.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike340.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike350.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike360.00
Calls · V 0 · OI 0
Puts · V 1 · OI 40
Strike370.00
Calls · V 0 · OI 0
Puts · V 0 · OI 1
Strike380.00
Calls · V 0 · OI 0
Puts · V 3 · OI 36
Strike390.00
Calls · V 0 · OI 0
Puts · V 0 · OI 23

Term Structure

Expiration activity

Volume and IV
Expiry21 Aug 2026
Contracts174
Avg IV1.06
Put-call0.43
Expiry18 Sep 2026
Contracts220
Avg IV0.96
Put-call0.59
Expiry18 Dec 2026
Contracts204
Avg IV0.90
Put-call5.52
Expiry15 Jan 2027
Contracts160
Avg IV0.90
Put-call0.24
Expiry19 Mar 2027
Contracts186
Avg IV0.88
Put-call0.15

Skew

Call/put IV balance

OTM demand
21 Aug 2026Put IV premium
Call IV1.03
Put IV1.09
Skew0.06
18 Sep 2026Balanced skew
Call IV0.97
Put IV0.96
Skew-0.01
18 Dec 2026Balanced skew
Call IV0.91
Put IV0.93
Skew0.02
15 Jan 2027Balanced skew
Call IV0.90
Put IV0.90
Skew-
19 Mar 2027Balanced skew
Call IV0.90
Put IV0.89
Skew-0.01

Contract Tape

Most active contracts

Full contract tape
ContractSTRL261218P00520000
SidePut
Expiry18 Dec 2026
Strike520.00
Volume64
OI2
IV0.91
ContractSTRL260821C00650000
SideCall
Expiry21 Aug 2026
Strike650.00
Volume55
OI35
IV1.06
ContractSTRL261218P00510000
SidePut
Expiry18 Dec 2026
Strike510.00
Volume51
OI3
IV0.92
ContractSTRL260821C00750000
SideCall
Expiry21 Aug 2026
Strike750.00
Volume38
OI41
IV1.04
ContractSTRL261218P00480000
SidePut
Expiry18 Dec 2026
Strike480.00
Volume24
OI9
IV0.92
ContractSTRL260821C00700000
SideCall
Expiry21 Aug 2026
Strike700.00
Volume19
OI292
IV1.02
ContractSTRL260821P00530000
SidePut
Expiry21 Aug 2026
Strike530.00
Volume19
OI108
IV1.11
ContractSTRL261218P00500000
SidePut
Expiry18 Dec 2026
Strike500.00
Volume16
OI62
IV0.92

Research Graph

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