Primary read
Volatility
Volatility expansion watch
Ticker Options Intelligence
PTEN options intelligence
Patterson-UTI Energy Inc options pressure, expected move, strike concentration, and Sharemaestro trend context.
Conviction
50
Market data through 29 Jul 2026
Checked 30 Jul 2026 02:50 · complete available chain
Volatility expansion watch
Volatility pressure
PTEN currently carries volatility options pressure with a 50/100 conviction score. The nearest-chain expected move is 13.5%, with volume/open-interest participation at 0.00.
Expected move
13.5%
Wider near-term move priced
Activity / OI
0.00
Current volume is quieter versus prior open interest
Put-call
0.12
Call-side skew
Trend fit
12
Options are not fully confirming trend
Weekly backdrop
+1.8%
RS 19.4
Expected move
13.5%
Put-call volume
0.12
Volume / OI
0.00
Reference IV
0.68
Max pain
9.00
Underlying
10.20
Nearest expiry
21 Aug 2026
Contracts
172
Options Intent Radar
Volatility expansion bet
The strongest message is movement risk: expected move and implied volatility are carrying more signal than direction.
Options are pricing movement more than direction; compare expected move with the stock's actual weekly change.
Volatility expansion bet matters because it connects the options headline to the actual evidence: $28772 of estimated gross traded notional, calls · 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+87
1W price+1.8%
Call premium90%
Put premium10%
Notional split
C 90% / P 10%
Estimated gross traded notional uses volume × contract multiplier × midpoint, or last price when no valid midpoint is available.
Freshness
0.00
Volume divided by open interest across the visible chain.
Trend fit
12/100
Agreement between options pressure and Sharemaestro market context.
Aggregate chain data does not identify trade aggressor or opening versus closing activity; call/put concentration is not proof of market direction.
Calls · 91+ days · OTM
calls cluster with 234 contracts traded, $17475 estimated gross traded notional, and 61% of visible notional.
$17475
Calls · 91+ days · ITM
calls cluster with 8 contracts traded, $2470 estimated gross traded notional, and 9% of visible notional.
$2470
Calls · 22-45 days · ITM
calls cluster with 24 contracts traded, $2355 estimated gross traded notional, and 8% of visible notional.
$2355
Calls · 22-45 days · ATM
calls cluster with 40 contracts traded, $1500 estimated gross traded notional, and 5% of visible notional.
$1500
Puts · 91+ days · OTM
puts cluster with 11 contracts traded, $1365 estimated gross traded notional, and 5% of visible notional.
$1365
Setup Classification
Opportunity and risk frame
The tape is pricing or displaying unusually elevated activity.
Expected move or upcoming earnings makes the setup more event-sensitive.
Options positioning is not confirming the underlying trend context.
Activity Anomaly
Quiet tape
Activity is muted versus this ticker's stored history.
Volume rank0th
Volume/OI rank0th
IV rank0th
Market Context
Underlying confirmation
Close10.20
1W+1.8%
RS19.4
Fair value+19.0%
Options pressure87
Speculation7
Volatility87
Trend fit12
Today Versus Normal
Stored-options context
30d avg 14.0% · 1 read
0th
90d avg 14.0% · 1 read
0th
180d avg 14.0% · 1 read
0th
30d avg 0.71 · 1 read
0th
90d avg 0.71 · 1 read
0th
180d avg 0.71 · 1 read
0th
30d avg 0.42 · 1 read
0th
90d avg 0.42 · 1 read
0th
180d avg 0.42 · 1 read
0th
30d avg 0.00 · 1 read
0th
90d avg 0.00 · 1 read
0th
180d avg 0.00 · 1 read
0th
Pressure Trail
Recent pressure and volatility
29 Jul 10:42
Volatility
Pressure 50
Move 14.0%
30 Jul 01:50
Volatility
Pressure 87
Move 13.5%
Strike Map
Where activity is clustering
Strike1.00
Calls · V 0 · OI 1
Puts · V 0 · OI 0
Strike2.00
Calls · V 0 · OI 0
Puts · V 0 · OI 2
Strike3.00
Calls · V 0 · OI 1
Puts · V 0 · OI 11
Strike4.00
Calls · V 0 · OI 16
Puts · V 0 · OI 30
Strike5.00
Calls · V 0 · OI 9
Puts · V 0 · OI 37
Strike6.00
Calls · V 0 · OI 17
Puts · V 0 · OI 50
Strike7.00
Calls · V 0 · OI 154
Puts · V 0 · OI 31
Strike8.00
Calls · V 2 · OI 148
Puts · V 1 · OI 231
Term Structure
Expiration activity
Expiry21 Aug 2026
Contracts36
Avg IV0.68
Put-call0.25
Expiry18 Sep 2026
Contracts34
Avg IV0.63
Put-call1.00
Expiry20 Nov 2026
Contracts36
Avg IV0.61
Put-call-
Expiry15 Jan 2027
Contracts32
Avg IV0.58
Put-call0.05
Expiry19 Feb 2027
Contracts34
Avg IV0.59
Put-call0.20
Skew
Call/put IV balance
21 Aug 2026Balanced skew
Call IV0.70
Put IV0.69
Skew-0.01
18 Sep 2026Balanced skew
Call IV0.70
Put IV0.66
Skew-0.04
20 Nov 2026Balanced skew
Call IV0.61
Put IV0.62
Skew0.01
15 Jan 2027Balanced skew
Call IV0.59
Put IV0.60
Skew0.01
19 Feb 2027Balanced skew
Call IV0.57
Put IV0.60
Skew0.03
Contract Tape
Most active contracts
ContractPTEN270115C00011000
SideCall
Expiry15 Jan 2027
Strike11.00
Volume171
OI207
IV0.54
ContractPTEN260821C00010000
SideCall
Expiry21 Aug 2026
Strike10.00
Volume40
OI13134
IV0.68
ContractPTEN260821C00011000
SideCall
Expiry21 Aug 2026
Strike11.00
Volume35
OI37745
IV0.70
ContractPTEN260821P00009000
SidePut
Expiry21 Aug 2026
Strike9.00
Volume33
OI11369
IV0.61
ContractPTEN260821C00013000
SideCall
Expiry21 Aug 2026
Strike13.00
Volume28
OI1580
IV0.62
ContractPTEN260821C00009000
SideCall
Expiry21 Aug 2026
Strike9.00
Volume22
OI502
IV0.80
ContractPTEN270115C00015000
SideCall
Expiry15 Jan 2027
Strike15.00
Volume20
OI3280
IV0.58
ContractPTEN270115C00012000
SideCall
Expiry15 Jan 2027
Strike12.00
Volume19
OI2456
IV0.58
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
No upcoming matched earnings event.
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.