Ticker Options Intelligence

HRZN options intelligence

Horizon Technology Finance options pressure, expected move, strike concentration, and Sharemaestro trend context.

Conviction 33 Market data through 30 Jul 2026 Checked 31 Jul 2026 12:14 · complete available chain

Call-side pressure

Bullish pressure

HRZN currently carries bullish options pressure with a 33/100 conviction score. The nearest-chain expected move is 18.3%, with volume/open-interest participation at 0.01.

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

Call-side pressure

Expected move 18.3%

Wider near-term move priced

Activity / OI 0.01

Current volume is quieter versus prior open interest

Put-call 0.46

Call-side skew

Trend fit 24

Options are not fully confirming trend

Weekly backdrop +0.2%

RS -17.6

Expected move 18.3%
Put-call volume 0.46
Volume / OI 0.01
Reference IV 0.03
Max pain 5.00
Underlying 4.31
Nearest expiry 21 Aug 2026
Contracts 21

Research Brief

HRZN has a bullish chain read with 33/100 evidence alignment.

The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 3.52–5.10; The largest call open-interest concentration is 5.00; the largest put concentration is 5.00. The most active strike by current volume is 5.00.

Priced range3.52–5.10
Call concentration5.00
Put concentration5.00
Max pain reference5.00
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.

Priced Move

Where the chain says movement becomes exceptional

Size, not direction · through 21 Aug

Options imply 3.52 to 5.10. Max pain at 5.00 sits inside that range, 16.0% above spot.

Spot Max pain
3.524.31 ± 0.795.10
Confirmation level

A close beyond 5.10 or below 3.52 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 33/100

Evidence alignment, not probability

Pressure is 45/100 toward calls; conviction uses its strength, while the signal label carries its direction.

Directional pressure45 × 42%
+18.9

How strongly activity leans toward calls or puts.

Participation16 × 22%
+3.6

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

Trend agreement24 × 26%
+6.3

How closely the chain read agrees with the underlying trend backdrop.

Volatility42 × 10%
+4.2

The intensity of implied volatility and the priced move.

Reconstructed score33.0Matches stored calculation

Positioning by Strike

Where open interest and current activity concentrate

Full strike map

The largest call open-interest concentration is 5.00; the largest put concentration is 5.00. The most active strike by current volume is 5.00. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.

Put open interestStrikeCall open interest
0
2.50-42.0%
0
5
5.0016.0%
223
4
7.5074.0%
0
Nearest spot strike Max pain strikeBars show relative OI within this expiry

Volatility Curve

Back-loaded volatility

0.50× front/back

Longer-dated options carry more implied volatility than the front expiry, so risk is priced farther out.

0.03 21 Aug 22d
0.31 18 Sep 50d
0.24 16 Oct 78d
0.06 15 Jan 169d

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.

5
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 quotes90%
Open interest100%
Chain status
Complete available chain
Market date
30 Jul 2026
Calculation
v2.0
Contracts
21 / 21
  • 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

68/100
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 before price confirmation

Call-side pressure is building before a meaningful weekly price response.

Why this matters

Earnings/event positioning matters because it connects the options headline to the actual evidence: $13162 of estimated gross traded notional, puts · 46-90 days · itm, and a bullish flow before price confirmation backdrop. Use it as a research priority signal, then validate the chart, liquidity, event calendar, and risk before acting.

Options pressure+45
1W price+0.2%
Call premium20%
Put premium80%
Notional split C 20% / P 80% Estimated gross traded notional uses volume × contract multiplier × midpoint, or last price when no valid midpoint is available.
Freshness 0.01 Volume divided by open interest across the visible chain.
Trend fit 24/100 Agreement between options pressure and Sharemaestro market context.
Event window 4 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 · 46-90 days · ITM
Puts · 46-90 days · ITM puts cluster with 16 contracts traded, $8467 estimated gross traded notional, and 64% of visible notional.
$8467
Calls · 46-90 days · ITM calls cluster with 10 contracts traded, $2050 estimated gross traded notional, and 16% of visible notional.
$2050
Puts · 91+ days · ITM puts cluster with 4 contracts traded, $1035 estimated gross traded notional, and 8% of visible notional.
$1035
Puts · 8-21 days · ITM puts cluster with 4 contracts traded, $990 estimated gross traded notional, and 8% of visible notional.
$990
Calls · 8-21 days · ITM calls cluster with 1 contracts traded, $216 estimated gross traded notional, and 2% of visible notional.
$216

Setup Classification

Opportunity and risk frame

Context, not advice
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

-

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
Close4.32
1W+0.2%
RS-17.6
Fair value-31.2%
Options pressure45
Speculation16
Volatility42
Trend fit24

Today Versus Normal

Stored-options context

View history
Expected move 18.3% history building
30d avg - · 2/10 sessions -
90d avg - · 2/30 sessions -
180d avg - · 2/60 sessions -
IV 0.03 history building
30d avg - · 2/10 sessions -
90d avg - · 2/30 sessions -
180d avg - · 2/60 sessions -
Put-call 0.46 history building
30d avg - · 2/10 sessions -
90d avg - · 2/30 sessions -
180d avg - · 2/60 sessions -
Volume/OI 0.01 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 11:37 Volatility
Pressure 100
Move 17.5%
30 Jul 11:16 Volatility
Pressure 100
Move 17.2%
31 Jul 10:53 Volatility
Pressure 100
Move 17.7%
31 Jul 11:14 Bullish
Pressure 45
Move 18.3%

Strike Map

Where activity is clustering

Full strike map
Strike2.50
Calls · V 1 · OI 0
Puts · V 0 · OI 0
Strike5.00
Calls · V 11 · OI 223
Puts · V 1 · OI 5
Strike7.50
Calls · V 0 · OI 0
Puts · V 3 · OI 4

Term Structure

Expiration activity

Volume and IV
Expiry21 Aug 2026
Contracts4
Avg IV0.03
Put-call0.33
Expiry18 Sep 2026
Contracts2
Avg IV0.31
Put-call-
Expiry16 Oct 2026
Contracts10
Avg IV0.24
Put-call0.53
Expiry15 Jan 2027
Contracts5
Avg IV0.06
Put-call0.50

Skew

Call/put IV balance

OTM demand
21 Aug 2026Incomplete skew
Call IV0.13
Put IV-
Skew-
18 Sep 2026Incomplete skew
Call IV0.13
Put IV-
Skew-
16 Oct 2026Put IV premium
Call IV0.06
Put IV1.14
Skew1.08
15 Jan 2027Incomplete skew
Call IV0.06
Put IV-
Skew-

Contract Tape

Most active contracts

Full contract tape
ContractHRZN261016C00005000
SideCall
Expiry16 Oct 2026
Strike5.00
Volume21
OI2341
IV0.06
ContractHRZN260821C00005000
SideCall
Expiry21 Aug 2026
Strike5.00
Volume11
OI223
IV0.13
ContractHRZN261016P00010000
SidePut
Expiry16 Oct 2026
Strike10.00
Volume11
OI26
IV0.00
ContractHRZN261016C00002500
SideCall
Expiry16 Oct 2026
Strike2.50
Volume10
OI5
IV0.00
ContractHRZN270115C00007500
SideCall
Expiry15 Jan 2027
Strike7.50
Volume6
OI9
IV0.25
ContractHRZN270115P00007500
SidePut
Expiry15 Jan 2027
Strike7.50
Volume3
OI635
IV0.00
ContractHRZN260821P00007500
SidePut
Expiry21 Aug 2026
Strike7.50
Volume3
OI4
IV0.00
ContractHRZN261016P00002500
SidePut
Expiry16 Oct 2026
Strike2.50
Volume2
OI34
IV1.14