Ticker Options Intelligence

CZNC options intelligence

Citizens & Northern Corp options pressure, expected move, strike concentration, and Sharemaestro trend context.

Conviction 30 Market data through 11 Aug 2026 Checked 12 Aug 2026 13:42 · complete available chain

Options-market disagreement

Mixed pressure

CZNC currently carries mixed options pressure with a 30/100 conviction score. The nearest-chain expected move is 5.2%, with volume/open-interest participation at 0.00.

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

Options-market disagreement

Expected move 5.2%

Near-term move context

Activity / OI 0.00

Current volume is quieter versus prior open interest

Put-call -

Balanced tape

Trend fit 83

Options agree with trend context

Weekly backdrop +1.0%

RS 5.1

Expected move 5.2%
Put-call volume -
Volume / OI -
Reference IV 0.31
Max pain 12.50
Underlying 25.36
Nearest expiry 21 Aug 2026
Contracts 60

Research Brief

CZNC has a mixed chain read with 30/100 evidence alignment.

The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 24.04–26.68; The largest call open-interest concentration is 25.00; the largest put concentration is 12.50. The most active strike by current volume is 12.50.

Priced range24.04–26.68
Call concentration25.00
Put concentration12.50
Max pain reference12.50
What would confirm it
  • A clear directional pressure reading develops and price begins to agree.
  • The current chain read already agrees with the stored weekly trend context.
What would weaken it
  • 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

Size, not direction · through 21 Aug

Options imply 24.04 to 26.68. Max pain at 12.50 lies outside the priced range, so it is a weak near-term anchor.

Spot Max pain
24.0425.36 ± 1.3226.68
Confirmation level

A close beyond 26.68 or below 24.04 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 30/100

Evidence alignment, not probability

Pressure is 10/100 toward calls; conviction uses its strength, while the signal label carries its direction.

Directional pressure10 × 42%
+4.0

How strongly activity leans toward calls or puts.

Participation0 × 22%
+0.0

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

Trend agreement83 × 26%
+21.6

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

Volatility43 × 10%
+4.3

The intensity of implied volatility and the priced move.

Reconstructed score29.9Matches stored calculation

Positioning by Strike

Where open interest and current activity concentrate

Full strike map

The largest call open-interest concentration is 25.00; the largest put concentration is 12.50. The most active strike by current volume is 12.50. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.

Put open interestStrikeCall open interest
0
12.50-50.7%
0
0
15.00-40.9%
0
0
17.50-31.0%
0
0
20.00-21.1%
0
0
22.50-11.3%
0
0
25.00-1.4%
8
0
30.0018.3%
0
Nearest spot strike Max pain strikeBars show relative OI within this expiry

Gamma Profile by Strike

Positive gamma proxy

Reported + model-estimated Greeks · 100% coverage

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+$7,087Delta change / 1% move
Positive peak25.00+$5,450
Negative peak17.50-$93
Nearest balance20.28Interpolated sign change
StrikeNegativePositiveNet / 1% move
17.50-31.0%
-$93
20.00-21.1%
-$45
22.50-11.3%
+$353
25.00-1.4%
+$5,450
30.0018.3%
+$1,408
35.0038.0%
+$15
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

1.74× front/back

Near-term options are materially richer than later expirations, consistent with concentrated event or immediate-risk pricing.

0.31 21 Aug 10d
0.22 18 Sep 38d
0.27 18 Dec 129d
0.18 19 Mar 220d

Volatility by Strike

Upside optionality premium

Nearest expiry, within 20% of spot

Out-of-the-money calls carry higher implied volatility than comparable puts, indicating richer upside optionality.

23
25
30
Put IV Call IV

Historical Replay

How matured reads behaved through expiry

0 matured · 0 directional

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

Usable with limits

C69/100
Retained chain100%
Implied volatility100%
Two-sided quotes100%
Open interest100%
Chain status
Complete available chain
Market date
11 Aug 2026
Calculation
v2.0
Contracts
60 / 60
  • 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

Likely noise

30/100
Primary intent Likely noise

Visible options activity is too thin or mixed to support a strong intent classification.

Flow vs price divergence No clean flow/price divergence

The options read is mixed, so divergence is not strong enough to classify.

Why this matters

Likely noise matters because it connects the options headline to the actual evidence: $0 of estimated gross traded notional, no dominant cluster, 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+10
1W price+1.0%
Call premium0%
Put premium0%
Notional split C 0% / P 0% 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 83/100 Agreement between options pressure and Sharemaestro market context.
Event window 14 Aug Matched earnings event is 1 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 No dominant cluster

No high-conviction option cluster is visible in this snapshot.

Setup Classification

Opportunity and risk frame

Context, not advice
Positive Options-confirmed trend

Positioning agrees with the Sharemaestro trend backdrop.

Warning Event-risk setup

Expected move or upcoming earnings makes the setup more event-sensitive.

Activity Anomaly

Normal range

30

Activity is broadly in line with recent stored snapshots.

Baseline: 10 completed sessions

Volume rank40th
Volume/OI rank40th
IV rank10th

Market Context

Underlying confirmation

Sharemaestro weekly
Close25.36
1W+1.0%
RS5.1
Fair value+36.2%
Options pressure10
Speculation0
Volatility43
Trend fit83

Today Versus Normal

Stored-options context

View history
Expected move 5.2% muted
30d avg 9.2% · 10 sessions 0th
90d avg - · 10/30 sessions -
180d avg - · 10/60 sessions -
IV 0.31 muted
30d avg 0.42 · 10 sessions 10th
90d avg - · 10/30 sessions -
180d avg - · 10/60 sessions -
Put-call - history building
30d avg - · 5/10 sessions -
90d avg - · 5/30 sessions -
180d avg - · 5/60 sessions -
Volume/OI 0.00 near normal
30d avg 0.05 · 10 sessions 40th
90d avg - · 10/30 sessions -
180d avg - · 10/60 sessions -

Pressure Trail

Recent pressure and volatility

Open trail
29 Jul 11:29 Bullish
Pressure 100
Move 8.0%
30 Jul 11:14 Bearish
Pressure -91
Move 9.3%
30 Jul 19:19 Mixed
Pressure 12
Move 16.7%
31 Jul 02:24 Mixed
Pressure 9
Move 5.6%
31 Jul 17:10 Mixed
Pressure 12
Move 19.1%
31 Jul 18:12 Mixed
Pressure 12
Move 19.2%
2 Aug 15:22 Bearish
Pressure -24
Move 10.2%
4 Aug 01:02 Bullish
Pressure 100
Move 8.6%

Strike Map

Where activity is clustering

Full strike map
Strike12.50
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike15.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike17.50
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike20.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike22.50
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike25.00
Calls · V 0 · OI 8
Puts · V 0 · OI 0
Strike30.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0

Term Structure

Expiration activity

Volume and IV
Expiry21 Aug 2026
Contracts14
Avg IV0.31
Put-call-
Expiry18 Sep 2026
Contracts16
Avg IV0.22
Put-call-
Expiry18 Dec 2026
Contracts16
Avg IV0.27
Put-call-
Expiry19 Mar 2027
Contracts14
Avg IV0.18
Put-call-

Skew

Call/put IV balance

OTM demand
21 Aug 2026Call IV premium
Call IV0.43
Put IV0.09
Skew-0.34
18 Sep 2026Call IV premium
Call IV0.22
Put IV0.05
Skew-0.17
18 Dec 2026Put IV premium
Call IV0.28
Put IV0.49
Skew0.21
19 Mar 2027Put IV premium
Call IV0.08
Put IV0.39
Skew0.30

Contract Tape

Most active contracts

Full contract tape
ContractCZNC261218C00025000
SideCall
Expiry18 Dec 2026
Strike25.00
Volume-
OI107
IV0.35
ContractCZNC260918C00030000
SideCall
Expiry18 Sep 2026
Strike30.00
Volume-
OI38
IV0.22
ContractCZNC260918P00017500
SidePut
Expiry18 Sep 2026
Strike17.50
Volume-
OI30
IV0.50
ContractCZNC260918C00025000
SideCall
Expiry18 Sep 2026
Strike25.00
Volume-
OI24
IV0.01
ContractCZNC261218C00030000
SideCall
Expiry18 Dec 2026
Strike30.00
Volume-
OI20
IV0.28
ContractCZNC261218C00022500
SideCall
Expiry18 Dec 2026
Strike22.50
Volume-
OI9
IV0.22
ContractCZNC261218P00020000
SidePut
Expiry18 Dec 2026
Strike20.00
Volume-
OI8
IV0.19
ContractCZNC260821C00025000
SideCall
Expiry21 Aug 2026
Strike25.00
Volume-
OI8
IV0.01

Evidence context