Primary read
Volatility
Volatility expansion watch
Ticker Options Intelligence
CLPT options intelligence
Clearpoint Neuro Inc options pressure, expected move, strike concentration, and Sharemaestro trend context.
Conviction
52
Market data through 30 Jul 2026
Checked 30 Jul 2026 20:51 · complete available chain
Volatility expansion watch
Volatility pressure
CLPT currently carries volatility options pressure with a 52/100 conviction score. The nearest-chain expected move is 21.1%, with volume/open-interest participation at 0.09.
Expected move
21.1%
Wider near-term move priced
Activity / OI
0.09
Current volume is quieter versus prior open interest
Put-call
2.31
Put-side skew
Trend fit
82
Options agree with trend context
Weekly backdrop
+5.8%
RS -4.9
Expected move
21.1%
Put-call volume
2.31
Volume / OI
0.09
Reference IV
1.29
Max pain
17.50
Underlying
14.12
Nearest expiry
21 Aug 2026
Contracts
86
Research Brief
CLPT has a volatility chain read with 52/100 evidence alignment.
The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 11.14–17.10; The largest call open-interest concentration is 17.50; the largest put concentration is 17.50. The most active strike by current volume is 25.00.
Priced range11.14–17.10
Call concentration17.50
Put concentration17.50
Max pain reference17.50
- 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.
- 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
Options imply 11.14 to 17.10. Max pain at 17.50 lies outside the priced range, so it is a weak near-term anchor.
Spot
Max pain
11.1414.12 ± 2.9817.10
Confirmation level
A close beyond 17.10 or below 11.14 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 52/100
Pressure is 32/100 toward puts; conviction uses its strength, while the signal label carries its direction.
Directional pressure32 × 42%
+13.4
How strongly activity leans toward calls or puts.
Participation34 × 22%
+7.5
Volume relative to existing open interest and contract-level activity.
Trend agreement82 × 26%
+21.2
How closely the chain read agrees with the underlying trend backdrop.
Volatility96 × 10%
+9.6
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 17.50; the largest put concentration is 17.50. 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
2.50-82.3%
1
50
5.00-64.6%
1
180
7.50-46.9%
0
37
10.00-29.2%
19
554
12.50-11.5%
69
344
15.006.2%
169
1045
17.5023.9%
872
22
20.0041.6%
448
0
22.5059.3%
602
19
25.0077.1%
350
0
30.00112.5%
296
0
35.00147.9%
0
0
40.00183.3%
94
Nearest spot strike Max pain strikeBars show relative OI within this expiry
Volatility Curve
Front-loaded volatility
Near-term options are materially richer than later expirations, consistent with concentrated event or immediate-risk pricing.
1.29
21 Aug
22d
1.11
18 Sep
50d
1.08
16 Oct
78d
1.10
20 Nov
113d
1.01
15 Jan
169d
Volatility by Strike
Downside protection premium
Out-of-the-money puts carry higher implied volatility than comparable calls, indicating richer downside protection.
13
15
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
Usable with limits
Retained chain100%
Implied volatility100%
Two-sided quotes100%
Open interest100%
- Chain status
- Complete available chain
- Market date
- 30 Jul 2026
- Calculation
- v2.0
- Contracts
- 86 / 86
- 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
Options activity is concentrated around a live event window, so the cleanest read is event positioning rather than pure direction.
Options are pricing movement more than direction; compare expected move with the stock's actual weekly change.
Earnings/event positioning matters because it connects the options headline to the actual evidence: $226946 of estimated gross traded notional, puts · 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-32
1W price+5.8%
Call premium37%
Put premium63%
Notional split
C 37% / P 63%
Estimated gross traded notional uses volume × contract multiplier × midpoint, or last price when no valid midpoint is available.
Freshness
0.09
Volume divided by open interest across the visible chain.
Trend fit
82/100
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.
Puts · 91+ days · ITM
puts cluster with 126 contracts traded, $63435 estimated gross traded notional, and 28% of visible notional.
$63435
Puts · 91+ days · OTM
puts cluster with 543 contracts traded, $51902 estimated gross traded notional, and 23% of visible notional.
$51902
Calls · 91+ days · OTM
calls cluster with 137 contracts traded, $20102 estimated gross traded notional, and 9% of visible notional.
$20102
Calls · 46-90 days · ITM
calls cluster with 40 contracts traded, $19920 estimated gross traded notional, and 9% of visible notional.
$19920
Calls · 91+ days · ITM
calls cluster with 23 contracts traded, $14806 estimated gross traded notional, and 7% of visible notional.
$14806
Setup Classification
Opportunity and risk frame
Positioning agrees with the Sharemaestro trend backdrop.
The tape is pricing or displaying unusually elevated activity.
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
Close14.94
1W+5.8%
RS-4.9
Fair value+33.7%
Options pressure-32
Speculation34
Volatility96
Trend fit82
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 11:30
Bullish
Pressure 26
Move 24.6%
30 Jul 11:14
Mixed
Pressure -15
Move 28.3%
30 Jul 15:08
Volatility
Pressure -32
Move 24.1%
30 Jul 15:24
Volatility
Pressure -32
Move 24.1%
30 Jul 19:51
Volatility
Pressure -32
Move 21.1%
Strike Map
Where activity is clustering
Strike2.50
Calls · V 0 · OI 1
Puts · V 0 · OI 0
Strike5.00
Calls · V 4 · OI 1
Puts · V 50 · OI 50
Strike7.50
Calls · V 1 · OI 0
Puts · V 3 · OI 180
Strike10.00
Calls · V 8 · OI 19
Puts · V 1 · OI 37
Strike12.50
Calls · V 1 · OI 69
Puts · V 1 · OI 554
Strike15.00
Calls · V 9 · OI 169
Puts · V 12 · OI 344
Strike17.50
Calls · V 7 · OI 872
Puts · V 2 · OI 1045
Strike20.00
Calls · V 4 · OI 448
Puts · V 1 · OI 22
Term Structure
Expiration activity
Expiry21 Aug 2026
Contracts23
Avg IV1.29
Put-call0.43
Expiry18 Sep 2026
Contracts6
Avg IV1.11
Put-call1.00
Expiry16 Oct 2026
Contracts17
Avg IV1.08
Put-call2.55
Expiry20 Nov 2026
Contracts25
Avg IV1.10
Put-call13.36
Expiry15 Jan 2027
Contracts15
Avg IV1.01
Put-call0.92
Skew
Call/put IV balance
21 Aug 2026Balanced skew
Call IV1.04
Put IV1.08
Skew0.04
18 Sep 2026Balanced skew
Call IV1.08
Put IV1.13
Skew0.05
16 Oct 2026Call IV premium
Call IV1.11
Put IV1.05
Skew-0.06
20 Nov 2026Balanced skew
Call IV0.99
Put IV1.03
Skew0.04
15 Jan 2027Balanced skew
Call IV1.00
Put IV0.99
Skew-0.01
Contract Tape
Most active contracts
ContractCLPT260918C00020000
SideCall
Expiry18 Sep 2026
Strike20.00
Volume-
OI5
IV1.17
ContractCLPT260918C00017500
SideCall
Expiry18 Sep 2026
Strike17.50
Volume-
OI5
IV1.04
ContractCLPT261120P00035000
SidePut
Expiry20 Nov 2026
Strike35.00
Volume-
OI2
IV1.31
ContractCLPT261120P00022500
SidePut
Expiry20 Nov 2026
Strike22.50
Volume-
OI2
IV1.71
ContractCLPT270115C00002500
SideCall
Expiry15 Jan 2027
Strike2.50
Volume-
OI2
IV1.91
ContractCLPT260918P00012500
SidePut
Expiry18 Sep 2026
Strike12.50
Volume-
OI2
IV1.13
ContractCLPT270115P00017500
SidePut
Expiry15 Jan 2027
Strike17.50
Volume-
OI1
IV0.96
ContractCLPT260918C00015000
SideCall
Expiry18 Sep 2026
Strike15.00
Volume-
OI1
IV1.08
Research Graph
Related research and context
Sharemaestro research
Related News
No recent ticker-specific news yet.
Market Watch
No recent market-watch posts yet.
Earnings
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.