Primary read
Bullish
Call-side pressure
Ticker Options Intelligence
CENX options intelligence
Century Aluminum Company options pressure, expected move, strike concentration, and Sharemaestro trend context.
Conviction
37
Market data through 29 Jul 2026
Checked 30 Jul 2026 02:06 · complete available chain
Call-side pressure
Bullish pressure
CENX currently carries bullish options pressure with a 37/100 conviction score. The nearest-chain expected move is 15.0%, with volume/open-interest participation at 0.01.
Expected move
15.0%
Wider near-term move priced
Activity / OI
0.01
Current volume is quieter versus prior open interest
Put-call
0.43
Call-side skew
Trend fit
18
Options are not fully confirming trend
Weekly backdrop
+11.3%
RS 0.5
Expected move
15.0%
Put-call volume
0.43
Volume / OI
0.01
Reference IV
0.81
Max pain
50.00
Underlying
46.21
Nearest expiry
21 Aug 2026
Contracts
332
Options Intent Radar
Earnings/event positioning
Options activity is concentrated around a live event window, so the cleanest read is event positioning rather than pure direction.
Options pressure and weekly price action are pointing in the same constructive direction.
Earnings/event positioning matters because it connects the options headline to the actual evidence: $166689 of estimated gross traded notional, puts · 22-45 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+46
1W price+11.3%
Call premium47%
Put premium53%
Notional split
C 47% / P 53%
Estimated gross traded notional uses volume × contract multiplier × midpoint, or last price when no valid midpoint is available.
Freshness
0.01
Volume divided by open interest across the visible chain.
Trend fit
18/100
Agreement between options pressure and Sharemaestro market context.
Event window
6 Aug
Matched earnings event is 7 days away.
Aggregate chain data does not identify trade aggressor or opening versus closing activity; call/put concentration is not proof of market direction.
Puts · 22-45 days · ITM
puts cluster with 28 contracts traded, $34560 estimated gross traded notional, and 21% of visible notional.
$34560
Puts · 46-90 days · ITM
puts cluster with 25 contracts traded, $33730 estimated gross traded notional, and 20% of visible notional.
$33730
Calls · 91+ days · ITM
calls cluster with 24 contracts traded, $27310 estimated gross traded notional, and 16% of visible notional.
$27310
Calls · 22-45 days · ITM
calls cluster with 71 contracts traded, $21745 estimated gross traded notional, and 13% of visible notional.
$21745
Calls · 91+ days · OTM
calls cluster with 66 contracts traded, $17288 estimated gross traded notional, and 10% of visible notional.
$17288
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
Normal range
Activity is broadly in line with recent stored snapshots.
Volume rank0th
Volume/OI rank0th
IV rank100th
Market Context
Underlying confirmation
Close46.21
1W+11.3%
RS0.5
Fair value+91.7%
Options pressure46
Speculation16
Volatility96
Trend fit18
Today Versus Normal
Stored-options context
30d avg 15.7% · 1 read
0th
90d avg 15.7% · 1 read
0th
180d avg 15.7% · 1 read
0th
30d avg 0.76 · 1 read
100th
90d avg 0.76 · 1 read
100th
180d avg 0.76 · 1 read
100th
30d avg 0.47 · 1 read
0th
90d avg 0.47 · 1 read
0th
180d avg 0.47 · 1 read
0th
30d avg 0.01 · 1 read
0th
90d avg 0.01 · 1 read
0th
180d avg 0.01 · 1 read
0th
Pressure Trail
Recent pressure and volatility
29 Jul 10:34
Bullish
Pressure 43
Move 15.7%
30 Jul 01:06
Bullish
Pressure 46
Move 15.0%
Strike Map
Where activity is clustering
Strike25.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike30.00
Calls · V 0 · OI 14
Puts · V 2 · OI 266
Strike35.00
Calls · V 0 · OI 17
Puts · V 1 · OI 489
Strike40.00
Calls · V 22 · OI 78
Puts · V 15 · OI 436
Strike45.00
Calls · V 49 · OI 699
Puts · V 10 · OI 558
Strike50.00
Calls · V 6 · OI 597
Puts · V 4 · OI 1004
Strike55.00
Calls · V 8 · OI 601
Puts · V 24 · OI 313
Strike60.00
Calls · V 16 · OI 919
Puts · V 0 · OI 55
Term Structure
Expiration activity
Expiry21 Aug 2026
Contracts32
Avg IV0.81
Put-call0.54
Expiry18 Sep 2026
Contracts72
Avg IV0.77
Put-call2.27
Expiry16 Oct 2026
Contracts32
Avg IV0.75
Put-call-
Expiry20 Nov 2026
Contracts32
Avg IV0.76
Put-call-
Expiry18 Dec 2026
Contracts32
Avg IV0.75
Put-call-
Skew
Call/put IV balance
21 Aug 2026Balanced skew
Call IV0.82
Put IV0.81
Skew-0.02
18 Sep 2026Put IV premium
Call IV0.75
Put IV0.81
Skew0.06
16 Oct 2026Put IV premium
Call IV0.73
Put IV0.80
Skew0.07
20 Nov 2026Balanced skew
Call IV0.76
Put IV0.75
Skew-0.01
18 Dec 2026Balanced skew
Call IV0.73
Put IV0.77
Skew0.04
Contract Tape
Most active contracts
ContractCENX260821C00045000
SideCall
Expiry21 Aug 2026
Strike45.00
Volume49
OI699
IV0.77
ContractCENX270115C00080000
SideCall
Expiry15 Jan 2027
Strike80.00
Volume34
OI144
IV0.73
ContractCENX260821P00055000
SidePut
Expiry21 Aug 2026
Strike55.00
Volume24
OI313
IV0.90
ContractCENX260918P00055000
SidePut
Expiry18 Sep 2026
Strike55.00
Volume24
OI46
IV0.81
ContractCENX260821C00040000
SideCall
Expiry21 Aug 2026
Strike40.00
Volume22
OI78
IV0.75
ContractCENX260821C00060000
SideCall
Expiry21 Aug 2026
Strike60.00
Volume16
OI919
IV0.99
ContractCENX260821P00040000
SidePut
Expiry21 Aug 2026
Strike40.00
Volume15
OI436
IV0.81
ContractCENX270115C00040000
SideCall
Expiry15 Jan 2027
Strike40.00
Volume12
OI219
IV0.70
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.