Primary read
Volatility
Volatility expansion watch
Ticker Options Intelligence
CSW options intelligence
CSW Industrials, Inc. options pressure, expected move, strike concentration, and Sharemaestro trend context.
Conviction
56
Market data through 31 Jul 2026
Checked 31 Jul 2026 20:56 · complete available chain
Volatility expansion watch
Volatility pressure
CSW currently carries volatility options pressure with a 56/100 conviction score. The nearest-chain expected move is 14.7%, with volume/open-interest participation at 0.70.
Expected move
14.7%
Wider near-term move priced
Activity / OI
0.70
Current volume is elevated versus prior open interest
Put-call
0.08
Call-side skew
Trend fit
0
Options are not fully confirming trend
Weekly backdrop
+10.4%
RS 6.0
Expected move
14.7%
Put-call volume
0.08
Volume / OI
0.70
Reference IV
0.61
Max pain
270.00
Underlying
289.18
Nearest expiry
21 Aug 2026
Contracts
27
Research Brief
CSW has a volatility chain read with 56/100 evidence alignment.
The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 246.57–331.79; The largest call open-interest concentration is 300.00; the largest put concentration is 270.00. The most active strike by current volume is 300.00.
Priced range246.57–331.79
Call concentration300.00
Put concentration270.00
Max pain reference270.00
- A clear directional pressure reading develops and price begins to agree.
- Volatility falls and the chain remains directionally mixed.
- 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
Options imply 246.57 to 331.79. Max pain at 270.00 sits inside that range, 6.6% below spot.
Spot
Max pain
246.57289.18 ± 42.61331.79
Confirmation level
A close beyond 331.79 or below 246.57 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 56/100
Pressure is 96/100 toward calls; conviction uses its strength, while the signal label carries its direction.
Directional pressure96 × 42%
+40.5
How strongly activity leans toward calls or puts.
Participation32 × 22%
+7.1
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.
Volatility83 × 10%
+8.3
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 300.00; the largest put concentration is 270.00. The most active strike by current volume is 300.00. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.
Put open interestStrikeCall open interest
0
270.00-6.6%
2
0
290.000.3%
1
0
300.003.7%
28
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.
0.61
21 Aug
21d
0.20
16 Oct
77d
0.35
15 Jan
168d
Volatility by Strike
Smile incomplete
There is not enough comparable OTM call and put volatility to classify the smile.
270
290
300
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
High
Retained chain100%
Implied volatility100%
Two-sided quotes100%
Open interest100%
- Chain status
- Complete available chain
- Market date
- 31 Jul 2026
- Calculation
- v2.0
- Contracts
- 27 / 27
- 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
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: $263465 of estimated gross traded notional, calls · 46-90 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+96
1W price+10.4%
Call premium96%
Put premium4%
Notional split
C 96% / P 4%
Estimated gross traded notional uses volume × contract multiplier × midpoint, or last price when no valid midpoint is available.
Freshness
0.70
Volume divided by open interest across the visible chain.
Trend fit
0/100
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 · 46-90 days · OTM
calls cluster with 55 contracts traded, $133055 estimated gross traded notional, and 51% of visible notional.
$133055
Calls · 8-21 days · OTM
calls cluster with 29 contracts traded, $76850 estimated gross traded notional, and 29% of visible notional.
$76850
Calls · 91+ days · ITM
calls cluster with 6 contracts traded, $18600 estimated gross traded notional, and 7% of visible notional.
$18600
Calls · 8-21 days · ITM
calls cluster with 2 contracts traded, $10740 estimated gross traded notional, and 4% of visible notional.
$10740
Puts · 91+ days · OTM
puts cluster with 8 contracts traded, $9600 estimated gross traded notional, and 4% of visible notional.
$9600
Setup Classification
Opportunity and risk frame
Participation is active enough to treat follow-through risk carefully.
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
Warming up
3 of 10 completed market sessions are available. More session history is needed before activity can be compared with a reliable normal.
Baseline: 3 completed sessions
Volume rank-
Volume/OI rank-
IV rank-
Market Context
Underlying confirmation
Close318.93
1W+10.4%
RS6.0
Fair value+15.9%
Options pressure96
Speculation32
Volatility83
Trend fit0
Today Versus Normal
Stored-options context
30d avg - · 3/10 sessions
-
90d avg - · 3/30 sessions
-
180d avg - · 3/60 sessions
-
30d avg - · 3/10 sessions
-
90d avg - · 3/30 sessions
-
180d avg - · 3/60 sessions
-
30d avg - · 2/10 sessions
-
90d avg - · 2/30 sessions
-
180d avg - · 2/60 sessions
-
30d avg - · 3/10 sessions
-
90d avg - · 3/30 sessions
-
180d avg - · 3/60 sessions
-
Pressure Trail
Recent pressure and volatility
29 Jul 10:41
Mixed
Pressure 10
Move 9.2%
30 Jul 10:38
Bearish
Pressure -40
Move 9.4%
30 Jul 15:29
Volatility
Pressure 91
Move 13.2%
31 Jul 15:02
Volatility
Pressure 96
Move 15.6%
31 Jul 16:05
Volatility
Pressure 96
Move 13.8%
31 Jul 19:56
Volatility
Pressure 96
Move 14.7%
Strike Map
Where activity is clustering
Strike270.00
Calls · V 2 · OI 2
Puts · V 0 · OI 0
Strike290.00
Calls · V 0 · OI 1
Puts · V 0 · OI 0
Strike300.00
Calls · V 29 · OI 28
Puts · V 0 · OI 0
Term Structure
Expiration activity
Expiry21 Aug 2026
Contracts3
Avg IV0.61
Put-call-
Expiry16 Oct 2026
Contracts16
Avg IV0.20
Put-call-
Expiry15 Jan 2027
Contracts8
Avg IV0.35
Put-call0.80
Skew
Call/put IV balance
21 Aug 2026Incomplete skew
Call IV0.64
Put IV-
Skew-
16 Oct 2026Call IV premium
Call IV0.50
Put IV0.06
Skew-0.44
15 Jan 2027Balanced skew
Call IV0.45
Put IV0.41
Skew-0.04
Contract Tape
Most active contracts
ContractCSW261016C00350000
SideCall
Expiry16 Oct 2026
Strike350.00
Volume-
OI30
IV0.43
ContractCSW270115C00320000
SideCall
Expiry15 Jan 2027
Strike320.00
Volume-
OI6
IV0.26
ContractCSW270115C00360000
SideCall
Expiry15 Jan 2027
Strike360.00
Volume-
OI3
IV0.41
ContractCSW261016P00240000
SidePut
Expiry16 Oct 2026
Strike240.00
Volume-
OI2
IV0.57
ContractCSW261016C00270000
SideCall
Expiry16 Oct 2026
Strike270.00
Volume-
OI1
IV0.00
ContractCSW270115C00310000
SideCall
Expiry15 Jan 2027
Strike310.00
Volume-
OI1
IV0.45
ContractCSW270115P00135000
SidePut
Expiry15 Jan 2027
Strike135.00
Volume-
OI1
IV0.78
ContractCSW260821C00290000
SideCall
Expiry21 Aug 2026
Strike290.00
Volume-
OI1
IV0.54
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.