Primary read
Mixed
Options-market disagreement
Ticker Options Intelligence
APH options intelligence
Amphenol Corporation options pressure, expected move, strike concentration, and Sharemaestro trend context.
Conviction
40
Market data through 31 Jul 2026
Checked 2 Aug 2026 20:45 · complete available chain
Options-market disagreement
Mixed pressure
APH currently carries mixed options pressure with a 40/100 conviction score. The nearest-chain expected move is 10.1%, with volume/open-interest participation at 0.04.
Expected move
10.1%
Wider near-term move priced
Activity / OI
0.04
Current volume is quieter versus prior open interest
Put-call
0.82
Balanced tape
Trend fit
82
Options agree with trend context
Weekly backdrop
+5.3%
RS 8.5
Expected move
10.1%
Put-call volume
0.82
Volume / OI
0.04
Reference IV
0.54
Max pain
135.00
Underlying
160.70
Nearest expiry
21 Aug 2026
Contracts
602
Research Brief
APH has a mixed chain read with 40/100 evidence alignment.
The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 144.40–177.00; The largest call open-interest concentration is 175.00; the largest put concentration is 120.00. The most active strike by current volume is 165.00.
Priced range144.40–177.00
Call concentration175.00
Put concentration120.00
Max pain reference135.00
- A clear directional pressure reading develops and price begins to agree.
- The current chain read already agrees with the stored weekly trend context.
- Volatility falls and the chain remains directionally mixed.
Priced Move
Where the chain says movement becomes exceptional
Options imply 144.40 to 177.00. Max pain at 135.00 lies outside the priced range, so it is a weak near-term anchor.
Spot
Max pain
144.40160.70 ± 16.30177.00
Confirmation level
A close beyond 177.00 or below 144.40 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 40/100
Pressure is 13/100 toward calls; conviction uses its strength, while the signal label carries its direction.
Directional pressure13 × 42%
+5.3
How strongly activity leans toward calls or puts.
Participation26 × 22%
+5.7
Volume relative to existing open interest and contract-level activity.
Trend agreement82 × 26%
+21.2
How closely the chain read agrees with the underlying trend backdrop.
Volatility78 × 10%
+7.8
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 175.00; the largest put concentration is 120.00. The most active strike by current volume is 165.00. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.
Put open interestStrikeCall open interest
15539
120.00-25.3%
46
1132
125.00-22.2%
420
1835
130.00-19.1%
3753
1711
135.00-16.0%
570
726
140.00-12.9%
385
1187
145.00-9.8%
202
1123
150.00-6.7%
2522
669
155.00-3.5%
1662
537
160.00-0.4%
1532
168
165.002.7%
3200
122
170.005.8%
1531
46
175.008.9%
4526
256
180.0012.0%
1215
54
185.0015.1%
1744
55
190.0018.2%
937
0
200.0024.5%
2699
0
210.0030.7%
1314
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+$10.1MDelta change / 1% move
Positive peak165.00+$2.3M
Negative peak120.00-$920,960
Nearest balance147.51Interpolated sign change
StrikeNegativePositiveNet / 1% move
105.00-34.7%
-$16,425
110.00-31.5%
-$315,311
115.00-28.4%
-$251,408
120.00-25.3%
-$920,960
125.00-22.2%
-$28,165
130.00-19.1%
-$44,823
135.00-16.0%
-$209,991
140.00-12.9%
-$78,082
145.00-9.8%
-$475,316
150.00-6.7%
+$471,453
155.00-3.5%
+$945,553
160.00-0.4%
+$1.1M
165.002.7%
+$2.3M
170.005.8%
+$1.2M
175.008.9%
+$2.3M
180.0012.0%
+$1.4M
185.0015.1%
+$678,431
190.0018.2%
+$531,278
195.0021.3%
+$272,318
200.0024.5%
+$728,487
210.0030.7%
+$171,352
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
Balanced volatility curve
Near- and longer-dated implied volatility are broadly aligned; no exceptional front-expiry premium is visible.
0.54
21 Aug
21d
0.52
18 Sep
49d
0.53
16 Oct
77d
0.55
20 Nov
112d
0.54
18 Dec
140d
0.53
15 Jan
168d
0.53
19 Mar
231d
0.53
17 Jun
321d
Volatility by Strike
Downside protection premium
Out-of-the-money puts carry higher implied volatility than comparable calls, indicating richer downside protection.
130
135
140
145
150
155
160
165
170
175
180
185
190
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
- 31 Jul 2026
- Calculation
- v2.0
- Contracts
- 602 / 602
- 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: $3.8M of estimated gross traded notional, calls · 91+ days · otm, 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+13
1W price+5.3%
Call premium65%
Put premium35%
Notional split
C 65% / P 35%
Estimated gross traded notional uses volume × contract multiplier × midpoint, or last price when no valid midpoint is available.
Freshness
0.04
Volume divided by open interest across the visible chain.
Trend fit
82/100
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 · 91+ days · OTM
calls cluster with 858 contracts traded, $820,935 estimated gross traded notional, and 22% of visible notional.
$820,935
Puts · 8-21 days · ITM
puts cluster with 551 contracts traded, $587,510 estimated gross traded notional, and 16% of visible notional.
$587,510
Calls · 8-21 days · OTM
calls cluster with 1292 contracts traded, $500,698 estimated gross traded notional, and 13% of visible notional.
$500,698
Calls · 91+ days · ITM
calls cluster with 93 contracts traded, $443,100 estimated gross traded notional, and 12% of visible notional.
$443,100
Puts · 8-21 days · OTM
puts cluster with 1148 contracts traded, $315,278 estimated gross traded notional, and 8% of visible notional.
$315,278
Setup Classification
Opportunity and risk frame
Positioning agrees with the Sharemaestro trend backdrop.
The tape is pricing or displaying unusually elevated activity.
Expected move or upcoming earnings makes the setup more event-sensitive.
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
Close160.70
1W+5.3%
RS8.5
Fair value+83.5%
Options pressure13
Speculation26
Volatility78
Trend fit82
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 10:00
Volatility
Pressure -11
Move 13.7%
30 Jul 10:00
Bullish
Pressure 35
Move 11.3%
30 Jul 20:32
Volatility
Pressure 39
Move 10.4%
31 Jul 09:26
Volatility
Pressure 48
Move 10.4%
31 Jul 14:32
Bullish
Pressure 23
Move 10.9%
1 Aug 11:50
Mixed
Pressure 13
Move 11.1%
2 Aug 18:32
Mixed
Pressure 9
Move 10.1%
2 Aug 19:45
Mixed
Pressure 13
Move 10.1%
Strike Map
Where activity is clustering
Strike65.00
Calls · V 0 · OI 12
Puts · V 0 · OI 0
Strike70.00
Calls · V 0 · OI 0
Puts · V 0 · OI 4
Strike75.00
Calls · V 0 · OI 30
Puts · V 0 · OI 10
Strike80.00
Calls · V 0 · OI 1
Puts · V 0 · OI 19
Strike85.00
Calls · V 0 · OI 0
Puts · V 0 · OI 6
Strike90.00
Calls · V 0 · OI 22
Puts · V 0 · OI 47
Strike95.00
Calls · V 0 · OI 0
Puts · V 0 · OI 69
Strike100.00
Calls · V 0 · OI 46
Puts · V 0 · OI 711
Term Structure
Expiration activity
Expiry21 Aug 2026
Contracts66
Avg IV0.54
Put-call1.20
Expiry18 Sep 2026
Contracts70
Avg IV0.52
Put-call1.91
Expiry16 Oct 2026
Contracts66
Avg IV0.53
Put-call0.17
Expiry20 Nov 2026
Contracts66
Avg IV0.55
Put-call0.48
Expiry18 Dec 2026
Contracts66
Avg IV0.54
Put-call0.94
Skew
Call/put IV balance
21 Aug 2026Balanced skew
Call IV0.52
Put IV0.53
Skew0.01
18 Sep 2026Balanced skew
Call IV0.50
Put IV0.53
Skew0.03
16 Oct 2026Balanced skew
Call IV0.52
Put IV0.54
Skew0.02
20 Nov 2026Put IV premium
Call IV0.50
Put IV0.57
Skew0.07
18 Dec 2026Balanced skew
Call IV0.54
Put IV0.56
Skew0.02
Contract Tape
Most active contracts
ContractAPH270115C00220000
SideCall
Expiry15 Jan 2027
Strike220.00
Volume533
OI795
IV0.51
ContractAPH260821C00170000
SideCall
Expiry21 Aug 2026
Strike170.00
Volume531
OI1531
IV0.53
ContractAPH260821P00165000
SidePut
Expiry21 Aug 2026
Strike165.00
Volume523
OI168
IV0.54
ContractAPH260821P00155000
SidePut
Expiry21 Aug 2026
Strike155.00
Volume379
OI669
IV0.53
ContractAPH260821C00165000
SideCall
Expiry21 Aug 2026
Strike165.00
Volume231
OI3200
IV0.53
ContractAPH260821C00175000
SideCall
Expiry21 Aug 2026
Strike175.00
Volume224
OI4526
IV0.52
ContractAPH260821P00140000
SidePut
Expiry21 Aug 2026
Strike140.00
Volume207
OI726
IV0.56
ContractAPH260821P00145000
SidePut
Expiry21 Aug 2026
Strike145.00
Volume178
OI1187
IV0.54
Research Graph
Related research and context
Sharemaestro research
Related News
Market Watch
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.