Primary read
Bullish
Call-side pressure
Ticker Options Intelligence
CTS options intelligence
CTS Corporation options pressure, expected move, strike concentration, and Sharemaestro trend context.
Conviction
45
Market data through 31 Jul 2026
Checked 2 Aug 2026 00:50 · complete available chain
Call-side pressure
Bullish pressure
CTS currently carries bullish options pressure with a 45/100 conviction score. The nearest-chain expected move is 8.5%, with volume/open-interest participation at 0.02.
Expected move
8.5%
Wider near-term move priced
Activity / OI
0.02
Current volume is quieter versus prior open interest
Put-call
0.23
Call-side skew
Trend fit
24
Options are not fully confirming trend
Weekly backdrop
+6.9%
RS 18.5
Expected move
8.5%
Put-call volume
0.23
Volume / OI
0.02
Reference IV
0.43
Max pain
45.00
Underlying
64.12
Nearest expiry
21 Aug 2026
Contracts
110
Research Brief
CTS has a bullish chain read with 45/100 evidence alignment.
The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 58.64–69.60; The largest call open-interest concentration is 60.00; the largest put concentration is 45.00. The most active strike by current volume is 65.00.
Priced range58.64–69.60
Call concentration60.00
Put concentration45.00
Max pain reference45.00
- Price holds or improves while call-side concentration remains elevated.
- 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
Options imply 58.64 to 69.60. Max pain at 45.00 lies outside the priced range, so it is a weak near-term anchor.
Spot
Max pain
58.6464.12 ± 5.4869.60
Confirmation level
A close beyond 69.60 or below 58.64 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 45/100
Pressure is 74/100 toward calls; conviction uses its strength, while the signal label carries its direction.
Directional pressure74 × 42%
+31.2
How strongly activity leans toward calls or puts.
Participation4 × 22%
+0.8
Volume relative to existing open interest and contract-level activity.
Trend agreement24 × 26%
+6.4
How closely the chain read agrees with the underlying trend backdrop.
Volatility64 × 10%
+6.4
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 60.00; the largest put concentration is 45.00. The most active strike by current volume is 65.00. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.
Put open interestStrikeCall open interest
0
35.00-45.4%
0
0
40.00-37.6%
0
1
45.00-29.8%
0
0
50.00-22.0%
0
0
55.00-14.2%
1
0
60.00-6.4%
69
0
65.001.4%
8
0
70.009.2%
7
0
75.0017.0%
2
0
80.0024.8%
0
0
85.0032.6%
0
0
90.0040.4%
0
0
95.0048.2%
1
Nearest spot strike Max pain strikeBars show relative OI within this expiry
Volatility Curve
Balanced volatility curve
Near- and longer-dated implied volatility are broadly aligned; no exceptional front-expiry premium is visible.
0.43
21 Aug
21d
0.39
18 Sep
49d
0.35
16 Oct
77d
0.39
15 Jan
168d
Volatility by Strike
Upside optionality premium
Out-of-the-money calls carry higher implied volatility than comparable puts, indicating richer upside optionality.
55
60
65
70
75
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
- 110 / 110
- 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.
Options pressure and weekly price action are pointing in the same constructive direction.
Multi-expiry position-maintenance candidate matters because it connects the options headline to the actual evidence: $9572 of estimated gross traded notional, calls · 46-90 days · itm, and a bullish flow confirms price backdrop. Use it as a research priority signal, then validate the chart, liquidity, event calendar, and risk before acting.
Options pressure+74
1W price+6.9%
Call premium94%
Put premium6%
Notional split
C 94% / P 6%
Estimated gross traded notional uses volume × contract multiplier × midpoint, or last price when no valid midpoint is available.
Freshness
0.02
Volume divided by open interest across the visible chain.
Trend fit
24/100
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.
Calls · 46-90 days · ITM
calls cluster with 12 contracts traded, $8720 estimated gross traded notional, and 91% of visible notional.
$8720
Puts · 46-90 days · OTM
puts cluster with 3 contracts traded, $600 estimated gross traded notional, and 6% of visible notional.
$600
Calls · 8-21 days · ATM
calls cluster with 1 contracts traded, $252 estimated gross traded notional, and 3% of visible notional.
$252
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.
Call pressure is building while the stock sits above Sharemaestro fair value.
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
Close64.12
1W+6.9%
RS18.5
Fair value+36.7%
Options pressure74
Speculation4
Volatility64
Trend fit24
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 - · 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
-
Pressure Trail
Recent pressure and volatility
29 Jul 11:02
Volatility
Pressure 100
Move 11.6%
30 Jul 10:51
Bullish
Pressure 100
Move 10.1%
31 Jul 07:42
Bullish
Pressure 100
Move 9.9%
31 Jul 18:50
Volatility
Pressure 100
Move 27.1%
1 Aug 23:50
Bullish
Pressure 74
Move 8.5%
Strike Map
Where activity is clustering
Strike35.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike40.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike45.00
Calls · V 0 · OI 0
Puts · V 0 · OI 1
Strike50.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike55.00
Calls · V 0 · OI 1
Puts · V 0 · OI 0
Strike60.00
Calls · V 0 · OI 69
Puts · V 0 · OI 0
Strike65.00
Calls · V 1 · OI 8
Puts · V 0 · OI 0
Strike70.00
Calls · V 0 · OI 7
Puts · V 0 · OI 0
Term Structure
Expiration activity
Expiry21 Aug 2026
Contracts26
Avg IV0.43
Put-call-
Expiry18 Sep 2026
Contracts26
Avg IV0.39
Put-call-
Expiry16 Oct 2026
Contracts28
Avg IV0.35
Put-call0.25
Expiry15 Jan 2027
Contracts30
Avg IV0.39
Put-call-
Skew
Call/put IV balance
21 Aug 2026Call IV premium
Call IV0.97
Put IV0.13
Skew-0.84
18 Sep 2026Balanced skew
Call IV0.49
Put IV0.49
Skew-
16 Oct 2026Balanced skew
Call IV0.37
Put IV0.40
Skew0.03
15 Jan 2027Balanced skew
Call IV0.41
Put IV0.41
Skew0.01
Contract Tape
Most active contracts
ContractCTS261016C00060000
SideCall
Expiry16 Oct 2026
Strike60.00
Volume10
OI174
IV0.34
ContractCTS261016P00055000
SidePut
Expiry16 Oct 2026
Strike55.00
Volume3
OI7
IV0.14
ContractCTS261016C00055000
SideCall
Expiry16 Oct 2026
Strike55.00
Volume2
OI87
IV0.45
ContractCTS260821C00065000
SideCall
Expiry21 Aug 2026
Strike65.00
Volume1
OI8
IV0.46
ContractCTS261016C00070000
SideCall
Expiry16 Oct 2026
Strike70.00
Volume-
OI246
IV0.37
ContractCTS261016C00065000
SideCall
Expiry16 Oct 2026
Strike65.00
Volume-
OI215
IV0.37
ContractCTS260821C00060000
SideCall
Expiry21 Aug 2026
Strike60.00
Volume-
OI69
IV0.44
ContractCTS261016C00050000
SideCall
Expiry16 Oct 2026
Strike50.00
Volume-
OI45
IV0.52
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
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.