Ticker Options Intelligence

OGS options intelligence

One Gas Inc options pressure, expected move, strike concentration, and Sharemaestro trend context.

Conviction 35 Market data through 3 Aug 2026 Checked 3 Aug 2026 17:23 · complete available chain

Call-side pressure

Bullish pressure

OGS currently carries bullish options pressure with a 35/100 conviction score. The nearest-chain expected move is 6.2%, with volume/open-interest participation at 0.24.

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

Call-side pressure

Expected move 6.2%

Wider near-term move priced

Activity / OI 0.24

Current volume is quieter versus prior open interest

Put-call 0.30

Call-side skew

Trend fit 0

Options are not fully confirming trend

Weekly backdrop -3.6%

RS -10.9

Expected move 6.2%
Put-call volume 0.30
Volume / OI 0.24
Reference IV 0.45
Max pain 80.00
Underlying 77.65
Nearest expiry 21 Aug 2026
Contracts 39

Research Brief

OGS has a bullish chain read with 35/100 evidence alignment.

The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 72.80–82.50; The largest call open-interest concentration is 80.00; the largest put concentration is 75.00. The most active strike by current volume is 75.00.

Priced range72.80–82.50
Call concentration80.00
Put concentration75.00
Max pain reference80.00
What would confirm it
  • Price holds or improves while call-side concentration remains elevated.
What would weaken it
  • Price weakens while call pressure fades or reverses toward puts.
  • Options and the weekly trend are not yet giving the same message.
  • 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 72.80 to 82.50. Max pain at 80.00 sits inside that range, 3.0% above spot.

Spot Max pain
72.8077.65 ± 4.8582.50
Confirmation level

A close beyond 82.50 or below 72.80 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 35/100

Evidence alignment, not probability

Pressure is 62/100 toward calls; conviction uses its strength, while the signal label carries its direction.

Directional pressure62 × 42%
+26.0

How strongly activity leans toward calls or puts.

Participation14 × 22%
+3.0

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.

Volatility56 × 10%
+5.6

The intensity of implied volatility and the priced move.

Reconstructed score34.7Matches stored calculation

Positioning by Strike

Where open interest and current activity concentrate

Full strike map

The largest call open-interest concentration is 80.00; the largest put concentration is 75.00. The most active strike by current volume is 75.00. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.

Put open interestStrikeCall open interest
37
75.00-3.4%
0
1
80.003.0%
15
0
85.009.5%
3
0
90.0015.9%
1
Nearest spot strike Max pain strikeBars show relative OI within this expiry

Gamma Profile by Strike

Positive gamma proxy

Model-estimated Greeks · 92% 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+$16,144Delta change / 1% move
Positive peak85.00+$11,251
Negative peak75.00-$10,393
Nearest balance77.63Interpolated sign change
StrikeNegativePositiveNet / 1% move
55.00-29.2%
-$45
60.00-22.7%
+$650
65.00-16.3%
-$88
70.00-9.9%
+$363
75.00-3.4%
-$10,393
80.003.0%
+$9,379
85.009.5%
+$11,251
90.0015.9%
+$3,456
95.0022.3%
+$1,379
105.0035.2%
+$194
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

Front-loaded volatility

2.42× front/back

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

0.45 21 Aug 18d
0.34 18 Sep 46d
0.32 16 Oct 74d
0.19 15 Jan 165d

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.

75
80
85
90
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

High

A95/100
Retained chain100%
Implied volatility100%
Two-sided quotes100%
Open interest100%
Chain status
Complete available chain
Market date
3 Aug 2026
Calculation
v2.0
Contracts
39 / 39
  • 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

71/100
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 Bullish flow against weak price

Options are leaning call-side while the stock is down on the week, a divergence that needs price confirmation.

Why this matters

Earnings/event positioning matters because it connects the options headline to the actual evidence: $27,524 of estimated gross traded notional, calls · 91+ days · itm, and a bullish flow against weak price backdrop. Use it as a research priority signal, then validate the chart, liquidity, event calendar, and risk before acting.

Options pressure+62
1W price-3.6%
Call premium79%
Put premium21%
Notional split C 79% / P 21% Estimated gross traded notional uses volume × contract multiplier × midpoint, or last price when no valid midpoint is available.
Freshness 0.24 Volume divided by open interest across the visible chain.
Trend fit 0/100 Agreement between options pressure and Sharemaestro market context.
Event window 4 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 4 contracts traded, $9,190 estimated gross traded notional, and 33% of visible notional.
$9,190
Calls · 46-90 days · ITM calls cluster with 4 contracts traded, $6,205 estimated gross traded notional, and 23% of visible notional.
$6,205
Calls · 91+ days · OTM calls cluster with 15 contracts traded, $4,000 estimated gross traded notional, and 15% of visible notional.
$4,000
Puts · 46-90 days · ITM puts cluster with 3 contracts traded, $3,750 estimated gross traded notional, and 14% of visible notional.
$3,750
Calls · 46-90 days · OTM calls cluster with 15 contracts traded, $2,029 estimated gross traded notional, and 7% of visible notional.
$2,029

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

-

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

Baseline: 4 completed sessions

Volume rank-
Volume/OI rank-
IV rank-

Market Context

Underlying confirmation

Sharemaestro weekly
Close77.65
1W-3.6%
RS-10.9
Fair value+11.7%
Options pressure62
Speculation14
Volatility56
Trend fit0

Today Versus Normal

Stored-options context

View history
Expected move 6.2% history building
30d avg - · 4/10 sessions -
90d avg - · 4/30 sessions -
180d avg - · 4/60 sessions -
IV 0.45 history building
30d avg - · 4/10 sessions -
90d avg - · 4/30 sessions -
180d avg - · 4/60 sessions -
Put-call 0.30 history building
30d avg - · 0/10 sessions -
90d avg - · 0/30 sessions -
180d avg - · 0/60 sessions -
Volume/OI 0.24 history building
30d avg - · 4/10 sessions -
90d avg - · 4/30 sessions -
180d avg - · 4/60 sessions -

Pressure Trail

Recent pressure and volatility

Open trail
29 Jul 10:40 Mixed
Pressure 8
Move 5.9%
30 Jul 10:36 Bearish
Pressure -92
Move 5.8%
31 Jul 10:24 Mixed
Pressure 8
Move 6.0%
3 Aug 08:56 Mixed
Pressure 8
Move 6.5%
3 Aug 16:23 Bullish
Pressure 62
Move 6.2%

Strike Map

Where activity is clustering

Full strike map
Strike75.00
Calls · V 0 · OI 0
Puts · V 1 · OI 37
Strike80.00
Calls · V 1 · OI 15
Puts · V 0 · OI 1
Strike85.00
Calls · V 1 · OI 3
Puts · V 0 · OI 0
Strike90.00
Calls · V 0 · OI 1
Puts · V 0 · OI 0

Term Structure

Expiration activity

Volume and IV
Expiry21 Aug 2026
Contracts5
Avg IV0.45
Put-call0.50
Expiry18 Sep 2026
Contracts2
Avg IV0.34
Put-call-
Expiry16 Oct 2026
Contracts13
Avg IV0.32
Put-call0.25
Expiry15 Jan 2027
Contracts19
Avg IV0.19
Put-call0.37

Skew

Call/put IV balance

OTM demand
21 Aug 2026Put IV premium
Call IV0.37
Put IV0.48
Skew0.12
18 Sep 2026Incomplete skew
Call IV0.32
Put IV-
Skew-
16 Oct 2026Call IV premium
Call IV0.30
Put IV0.25
Skew-0.05
15 Jan 2027Balanced skew
Call IV0.30
Put IV0.28
Skew-0.02

Contract Tape

Most active contracts

Full contract tape
ContractOGS270115P00060000
SidePut
Expiry15 Jan 2027
Strike60.00
Volume-
OI1
IV0.42
ContractOGS270115P00055000
SidePut
Expiry15 Jan 2027
Strike55.00
Volume-
OI1
IV0.49
ContractOGS270115C00070000
SideCall
Expiry15 Jan 2027
Strike70.00
Volume-
OI1
IV0.36
ContractOGS260821C00090000
SideCall
Expiry21 Aug 2026
Strike90.00
Volume-
OI1
IV0.56
ContractOGS260821P00080000
SidePut
Expiry21 Aug 2026
Strike80.00
Volume-
OI1
IV0.46
ContractOGS270115P00065000
SidePut
Expiry15 Jan 2027
Strike65.00
Volume-
OI1
IV0.36
ContractOGS270115P00095000
SidePut
Expiry15 Jan 2027
Strike95.00
Volume-
OI-
IV0.00
ContractOGS270115C00075000
SideCall
Expiry15 Jan 2027
Strike75.00
Volume-
OI-
IV0.00