Primary read
Mixed
Options-market disagreement
Ticker Options Intelligence
ETR options intelligence
Entergy Corporation options pressure, expected move, strike concentration, and Sharemaestro trend context.
Conviction
34
Market data through 13 Aug 2026
Checked 14 Aug 2026 00:22 · complete available chain
Options-market disagreement
Mixed pressure
ETR currently carries mixed options pressure with a 34/100 conviction score. The nearest-chain expected move is 3.4%, with volume/open-interest participation at 0.06.
Expected move
3.4%
Near-term move context
Activity / OI
0.06
Current volume is quieter versus prior open interest
Put-call
0.86
Balanced tape
Trend fit
72
Options agree with trend context
Weekly backdrop
-0.4%
RS -5.3
Expected move
3.4%
Put-call volume
0.86
Volume / OI
0.06
Reference IV
0.47
Max pain
115.00
Underlying
107.18
Nearest expiry
21 Aug 2026
Contracts
182
Research Brief
ETR has a mixed chain read with 34/100 evidence alignment.
The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 103.50–110.86; The largest call open-interest concentration is 120.00; the largest put concentration is 105.00. The most active strike by current volume is 105.00.
Priced range103.50–110.86
Call concentration120.00
Put concentration105.00
Max pain reference115.00
- A clear directional pressure reading develops and price begins to agree.
- The current chain read already agrees with the stored weekly trend context.
- Participation is above the ticker's stored normal, which makes the read more noteworthy.
- 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 103.50 to 110.86. Max pain at 115.00 lies outside the priced range, so it is a weak near-term anchor.
Spot
Max pain
103.50107.18 ± 3.68110.86
Confirmation level
A close beyond 110.86 or below 103.50 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 34/100
Pressure is 16/100 toward calls; conviction uses its strength, while the signal label carries its direction.
Directional pressure16 × 42%
+6.9
How strongly activity leans toward calls or puts.
Participation17 × 22%
+3.8
Volume relative to existing open interest and contract-level activity.
Trend agreement72 × 26%
+18.6
How closely the chain read agrees with the underlying trend backdrop.
Volatility47 × 10%
+4.7
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 120.00; the largest put concentration is 105.00. The most active strike by current volume is 105.00. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.
Put open interestStrikeCall open interest
1
60.00-44.0%
0
0
80.00-25.4%
0
0
85.00-20.7%
0
41
90.00-16.0%
0
2
95.00-11.4%
0
32
100.00-6.7%
0
431
105.00-2.0%
33
218
110.002.6%
39
121
115.007.3%
947
0
120.0012.0%
2419
0
125.0016.6%
87
0
130.0021.3%
27
0
135.0026.0%
13
0
145.0035.3%
1
0
155.0044.6%
1
0
165.0053.9%
4
Nearest spot strike Max pain strikeBars show relative OI within this expiry
Gamma Profile by Strike
Positive gamma proxy
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+$1.4MDelta change / 1% move
Positive peak120.00+$806,369
Negative peak105.00-$312,653
Nearest balance111.09Interpolated sign change
StrikeNegativePositiveNet / 1% move
55.00-48.7%
+$127
60.00-44.0%
-$825
65.00-39.4%
-$428
70.00-34.7%
+$6,899
75.00-30.0%
-$3,363
80.00-25.4%
-$4,378
85.00-20.7%
-$2,741
90.00-16.0%
-$24,854
95.00-11.4%
-$12,615
100.00-6.7%
-$137,134
105.00-2.0%
-$312,653
110.002.6%
-$133,900
115.007.3%
+$481,690
120.0012.0%
+$806,369
125.0016.6%
+$462,898
130.0021.3%
+$210,485
135.0026.0%
+$15,288
140.0030.6%
+$5,712
145.0035.3%
+$10,637
150.0040.0%
+$18,201
155.0044.6%
+$1,204
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
Near-term options are materially richer than later expirations, consistent with concentrated event or immediate-risk pricing.
0.47
21 Aug
8d
0.27
18 Sep
36d
0.28
20 Nov
99d
0.27
18 Dec
127d
0.27
15 Jan
155d
0.32
19 Mar
218d
0.31
21 Jan
526d
Volatility by Strike
Downside protection premium
Out-of-the-money puts carry higher implied volatility than comparable calls, indicating richer downside protection.
90
95
100
105
110
115
120
125
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
- 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
Retained chain100%
Implied volatility100%
Two-sided quotes100%
Open interest100%
- Chain status
- Complete available chain
- Market date
- 13 Aug 2026
- Calculation
- v2.0
- Contracts
- 182 / 182
- 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
Multi-expiry position-maintenance candidate
Activity is spread across expirations with heavier open interest than current volume, which can be consistent with position maintenance.
The options read is mixed, so divergence is not strong enough to classify.
Multi-expiry position-maintenance candidate matters because it connects the options headline to the actual evidence: $697,138 of estimated gross traded notional, puts · 91+ days · itm, and a no clean flow/price divergence backdrop. Use it as a research priority signal, then validate the chart, liquidity, event calendar, and risk before acting.
Options pressure+16
1W price-0.4%
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
0.06
Volume divided by open interest across the visible chain.
Trend fit
72/100
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.
Roll detection is conservative because opening and closing legs are not directly observable in this snapshot.
Puts · 91+ days · ITM
puts cluster with 221 contracts traded, $255,545 estimated gross traded notional, and 37% of visible notional.
$255,545
Calls · 91+ days · ITM
calls cluster with 72 contracts traded, $209,721 estimated gross traded notional, and 30% of visible notional.
$209,721
Calls · 91+ days · OTM
calls cluster with 223 contracts traded, $105,419 estimated gross traded notional, and 15% of visible notional.
$105,419
Puts · 91+ days · ATM
puts cluster with 66 contracts traded, $36,880 estimated gross traded notional, and 5% of visible notional.
$36,880
Calls · 22-45 days · ITM
calls cluster with 32 contracts traded, $31,347 estimated gross traded notional, and 4% of visible notional.
$31,347
Setup Classification
Opportunity and risk frame
Positioning agrees with the Sharemaestro trend backdrop.
The tape is pricing or displaying unusually elevated activity.
Activity Anomaly
High anomaly
Current options activity is unusually hot versus this ticker's stored history.
Baseline: 12 completed sessions
Volume rank92th
Volume/OI rank92th
IV rank100th
Market Context
Underlying confirmation
Close107.18
1W-0.4%
RS-5.3
Fair value+43.6%
Options pressure16
Speculation17
Volatility47
Trend fit72
Today Versus Normal
Stored-options context
30d avg 4.8% · 12 sessions
8th
90d avg - · 12/30 sessions
-
180d avg - · 12/60 sessions
-
30d avg 0.25 · 12 sessions
100th
90d avg - · 12/30 sessions
-
180d avg - · 12/60 sessions
-
30d avg 0.79 · 12 sessions
58th
90d avg - · 12/30 sessions
-
180d avg - · 12/60 sessions
-
30d avg 0.02 · 12 sessions
92th
90d avg - · 12/30 sessions
-
180d avg - · 12/60 sessions
-
Pressure Trail
Recent pressure and volatility
29 Jul 10:08
Bullish
Pressure 67
Move 5.2%
30 Jul 10:05
Bullish
Pressure 60
Move 7.1%
31 Jul 10:02
Bearish
Pressure -28
Move 6.9%
2 Aug 03:51
Mixed
Pressure 6
Move 4.5%
4 Aug 10:00
Bullish
Pressure 42
Move 4.4%
5 Aug 10:02
Mixed
Pressure 11
Move 4.9%
6 Aug 10:01
Mixed
Pressure -7
Move 5.0%
7 Aug 10:23
Mixed
Pressure -7
Move 5.5%
Strike Map
Where activity is clustering
Strike60.00
Calls · V 0 · OI 0
Puts · V 0 · OI 1
Strike80.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike85.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike90.00
Calls · V 0 · OI 0
Puts · V 2 · OI 41
Strike95.00
Calls · V 0 · OI 0
Puts · V 0 · OI 2
Strike100.00
Calls · V 2 · OI 0
Puts · V 1 · OI 32
Strike105.00
Calls · V 10 · OI 33
Puts · V 1 · OI 431
Strike110.00
Calls · V 8 · OI 39
Puts · V 1 · OI 218
Term Structure
Expiration activity
Expiry21 Aug 2026
Contracts20
Avg IV0.47
Put-call0.15
Expiry18 Sep 2026
Contracts29
Avg IV0.27
Put-call0.14
Expiry20 Nov 2026
Contracts19
Avg IV0.28
Put-call0.78
Expiry18 Dec 2026
Contracts18
Avg IV0.27
Put-call0.73
Expiry15 Jan 2027
Contracts43
Avg IV0.27
Put-call4.71
Skew
Call/put IV balance
21 Aug 2026Call IV premium
Call IV0.46
Put IV0.33
Skew-0.13
18 Sep 2026Put IV premium
Call IV0.21
Put IV0.30
Skew0.08
20 Nov 2026Balanced skew
Call IV0.26
Put IV0.29
Skew0.03
18 Dec 2026Put IV premium
Call IV0.25
Put IV0.31
Skew0.06
15 Jan 2027Balanced skew
Call IV0.28
Put IV0.26
Skew-0.02
Contract Tape
Most active contracts
ContractETR280121P00055000
SidePut
Expiry21 Jan 2028
Strike55.00
Volume-
OI19
IV0.43
ContractETR261218P00100000
SidePut
Expiry18 Dec 2026
Strike100.00
Volume-
OI10
IV0.31
ContractETR260918C00090000
SideCall
Expiry18 Sep 2026
Strike90.00
Volume-
OI5
IV0.75
ContractETR270319C00105000
SideCall
Expiry19 Mar 2027
Strike105.00
Volume-
OI4
IV0.32
ContractETR260918P00055000
SidePut
Expiry18 Sep 2026
Strike55.00
Volume-
OI2
IV1.45
ContractETR260821P00095000
SidePut
Expiry21 Aug 2026
Strike95.00
Volume-
OI2
IV0.77
ContractETR261120P00085000
SidePut
Expiry20 Nov 2026
Strike85.00
Volume-
OI2
IV0.39
ContractETR261120P00070000
SidePut
Expiry20 Nov 2026
Strike70.00
Volume-
OI1
IV0.60
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.