Primary read
Volatility
Volatility expansion watch
Ticker Options Intelligence
DQ options intelligence
Daqo New Energy Corp ADR options pressure, expected move, strike concentration, and Sharemaestro trend context.
Conviction
60
Market data through 31 Jul 2026
Checked 2 Aug 2026 13:04 · complete available chain
Volatility expansion watch
Volatility pressure
DQ currently carries volatility options pressure with a 60/100 conviction score. The nearest-chain expected move is 19.7%, with volume/open-interest participation at 0.01.
Expected move
19.7%
Wider near-term move priced
Activity / OI
0.01
Current volume is quieter versus prior open interest
Put-call
4.23
Put-side skew
Trend fit
72
Options agree with trend context
Weekly backdrop
+4.3%
RS -52.4
Expected move
19.7%
Put-call volume
4.23
Volume / OI
0.01
Reference IV
0.76
Max pain
17.00
Underlying
12.17
Nearest expiry
21 Aug 2026
Contracts
334
Research Brief
DQ has a volatility chain read with 60/100 evidence alignment.
The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 9.77–14.57; The largest call open-interest concentration is 15.00; the largest put concentration is 10.00. The most active strike by current volume is 10.00.
Priced range9.77–14.57
Call concentration15.00
Put concentration10.00
Max pain reference17.00
- 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 9.77 to 14.57. Max pain at 17.00 lies outside the priced range, so it is a weak near-term anchor.
Spot
Max pain
9.7712.17 ± 2.4014.57
Confirmation level
A close beyond 14.57 or below 9.77 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 60/100
Pressure is 74/100 toward puts; conviction uses its strength, while the signal label carries its direction.
Directional pressure74 × 42%
+31.0
How strongly activity leans toward calls or puts.
Participation6 × 22%
+1.4
Volume relative to existing open interest and contract-level activity.
Trend agreement72 × 26%
+18.8
How closely the chain read agrees with the underlying trend backdrop.
Volatility93 × 10%
+9.3
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 15.00; the largest put concentration is 10.00. The most active strike by current volume is 10.00. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.
Put open interestStrikeCall open interest
1
3.00-75.3%
3
3
8.00-34.3%
20
9
9.00-26.0%
11
10520
10.00-17.8%
1
176
11.00-9.6%
0
254
12.00-1.4%
8
38
13.006.8%
58
17
14.0015.0%
14
40
15.0023.3%
79
2
16.0031.5%
39
248
17.0039.7%
37
1
18.0047.9%
2
17
19.0056.1%
8
0
20.0064.3%
50
0
21.0072.6%
30
0
22.0080.8%
7
0
26.00113.6%
5
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.
0.76
21 Aug
21d
0.81
18 Sep
49d
0.60
16 Oct
77d
0.68
15 Jan
168d
0.70
21 Jan
539d
Volatility by Strike
Downside protection premium
Out-of-the-money puts carry higher implied volatility than comparable calls, indicating richer downside protection.
10
11
12
13
14
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
- 334 / 334
- 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: $26068 of estimated gross traded notional, puts · 8-21 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-74
1W price+4.3%
Call premium35%
Put premium65%
Notional split
C 35% / P 65%
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
72/100
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.
Puts · 8-21 days · OTM
puts cluster with 500 contracts traded, $10000 estimated gross traded notional, and 38% of visible notional.
$10000
Calls · 91+ days · OTM
calls cluster with 136 contracts traded, $8402 estimated gross traded notional, and 32% of visible notional.
$8402
Puts · 8-21 days · ATM
puts cluster with 100 contracts traded, $6750 estimated gross traded notional, and 26% of visible notional.
$6750
Calls · 91+ days · ITM
calls cluster with 1 contracts traded, $510 estimated gross traded notional, and 2% of visible notional.
$510
Calls · 8-21 days · OTM
calls cluster with 5 contracts traded, $262 estimated gross traded notional, and 1% of visible notional.
$262
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
Close12.17
1W+4.3%
RS-52.4
Fair value-44.0%
Options pressure-74
Speculation6
Volatility93
Trend fit72
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 11:11
Bullish
Pressure 31
Move 13.9%
30 Jul 10:57
Volatility
Pressure 76
Move 17.3%
31 Jul 05:18
Mixed
Pressure 9
Move 17.1%
31 Jul 11:44
Bullish
Pressure 48
Move 14.1%
2 Aug 12:04
Volatility
Pressure -74
Move 19.7%
Strike Map
Where activity is clustering
Strike1.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike2.00
Calls · V 0 · OI 1
Puts · V 0 · OI 0
Strike3.00
Calls · V 0 · OI 3
Puts · V 0 · OI 1
Strike4.00
Calls · V 0 · OI 0
Puts · V 0 · OI 1
Strike5.00
Calls · V 0 · OI 0
Puts · V 0 · OI 1
Strike6.00
Calls · V 0 · OI 0
Puts · V 0 · OI 2
Strike7.00
Calls · V 0 · OI 0
Puts · V 0 · OI 2
Strike8.00
Calls · V 0 · OI 20
Puts · V 0 · OI 3
Term Structure
Expiration activity
Expiry21 Aug 2026
Contracts70
Avg IV0.76
Put-call120.00
Expiry18 Sep 2026
Contracts70
Avg IV0.81
Put-call-
Expiry16 Oct 2026
Contracts70
Avg IV0.60
Put-call-
Expiry15 Jan 2027
Contracts86
Avg IV0.68
Put-call0.01
Expiry21 Jan 2028
Contracts38
Avg IV0.70
Put-call-
Skew
Call/put IV balance
21 Aug 2026Balanced skew
Call IV0.73
Put IV0.71
Skew-0.02
18 Sep 2026Call IV premium
Call IV0.76
Put IV0.69
Skew-0.07
16 Oct 2026Call IV premium
Call IV0.67
Put IV0.57
Skew-0.10
15 Jan 2027Balanced skew
Call IV0.72
Put IV0.67
Skew-0.05
21 Jan 2028Balanced skew
Call IV0.72
Put IV0.69
Skew-0.03
Contract Tape
Most active contracts
ContractDQ260821P00010000
SidePut
Expiry21 Aug 2026
Strike10.00
Volume500
OI10520
IV0.41
ContractDQ270115C00022000
SideCall
Expiry15 Jan 2027
Strike22.00
Volume120
OI163
IV0.74
ContractDQ260821P00012000
SidePut
Expiry21 Aug 2026
Strike12.00
Volume100
OI254
IV0.67
ContractDQ270115C00014000
SideCall
Expiry15 Jan 2027
Strike14.00
Volume11
OI108
IV0.76
ContractDQ270115C00020000
SideCall
Expiry15 Jan 2027
Strike20.00
Volume5
OI247
IV0.72
ContractDQ260821C00013000
SideCall
Expiry21 Aug 2026
Strike13.00
Volume5
OI58
IV0.73
ContractDQ270115P00011000
SidePut
Expiry15 Jan 2027
Strike11.00
Volume1
OI323
IV0.66
ContractDQ280121C00010000
SideCall
Expiry21 Jan 2028
Strike10.00
Volume1
OI110
IV0.71
Research Graph
Related research and context
Sharemaestro research
Related News
No recent ticker-specific news yet.
Market Watch
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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.