Ticker Options Intelligence

CLOV options intelligence

Clover Health Investments Corp options pressure, expected move, strike concentration, and Sharemaestro trend context.

Conviction 42 Market data through 31 Jul 2026 Checked 1 Aug 2026 04:23 · complete available chain

Options-market disagreement

Mixed pressure

CLOV currently carries mixed options pressure with a 42/100 conviction score. The nearest-chain expected move is 6.9%, with volume/open-interest participation at 0.03.

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

Options-market disagreement

Expected move 6.9%

Wider near-term move priced

Activity / OI 0.03

Current volume is quieter versus prior open interest

Put-call 1.18

Balanced tape

Trend fit 93

Options agree with trend context

Weekly backdrop -3.5%

RS 32.0

Expected move 6.9%
Put-call volume 1.18
Volume / OI 0.03
Reference IV 1.34
Max pain 4.50
Underlying 4.32
Nearest expiry 31 Jul 2026
Contracts 394

Research Brief

CLOV has a mixed chain read with 42/100 evidence alignment.

The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 4.02–4.62; The largest call open-interest concentration is 5.50; the largest put concentration is 4.00. The most active strike by current volume is 4.50.

Priced range4.02–4.62
Call concentration5.50
Put concentration4.00
Max pain reference4.50
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 31 Jul

Options imply 4.02 to 4.62. Max pain at 4.50 sits inside that range, 4.2% above spot.

Spot Max pain
4.024.32 ± 0.304.62
Confirmation level

A close beyond 4.62 or below 4.02 at the 31 Jul 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 42/100

Evidence alignment, not probability

Pressure is 1/100 toward calls; conviction uses its strength, while the signal label carries its direction.

Directional pressure1 × 42%
+0.4

How strongly activity leans toward calls or puts.

Participation41 × 22%
+8.9

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

Trend agreement93 × 26%
+24.3

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

Volatility84 × 10%
+8.4

The intensity of implied volatility and the priced move.

Reconstructed score42.0Matches stored calculation

Positioning by Strike

Where open interest and current activity concentrate

Full strike map

The largest call open-interest concentration is 5.50; the largest put concentration is 4.00. The most active strike by current volume is 4.50. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.

Put open interestStrikeCall open interest
7
0.50-88.4%
350
0
1.00-76.9%
350
2
1.50-65.3%
259
0
2.00-53.7%
199
54
3.00-30.6%
83
354
3.50-19.0%
14
3521
4.00-7.4%
278
1573
4.504.2%
1812
153
5.0015.7%
1855
93
5.5027.3%
2183
47
6.0038.9%
869
11
6.5050.5%
1646
4
7.0062.0%
787
1
7.5073.6%
79
0
8.0085.2%
326
3
8.5096.8%
77
3
9.00108.3%
327
Nearest spot strike Max pain strikeBars show relative OI within this expiry

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.

1.34 31 Jul 0d
1.11 7 Aug 7d
1.11 14 Aug 14d
0.91 21 Aug 21d
0.92 28 Aug 28d
0.86 4 Sep 35d
0.90 11 Sep 42d
0.82 18 Sep 49d

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.

4
4
5
5
Put IV Call IV

Historical Replay

How matured reads behaved through expiry

0 directional observations

Forward validation is building. The earliest eligible stored read expires 31 Jul 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

A100/100
Retained chain100%
Implied volatility100%
Two-sided quotes100%
Open interest100%
Chain status
Complete available chain
Market date
31 Jul 2026
Calculation
v2.0
Contracts
394 / 394
  • 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

Earnings/event positioning

87/100
Primary intent Earnings/event positioning

Options activity is concentrated around a live event window, so the cleanest read is event positioning rather than pure direction.

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

Earnings/event positioning matters because it connects the options headline to the actual evidence: $300848 of estimated gross traded notional, calls · 22-45 days · itm, 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+1
1W price-3.5%
Call premium55%
Put premium45%
Notional split C 55% / P 45% Estimated gross traded notional uses volume × contract multiplier × midpoint, or last price when no valid midpoint is available.
Freshness 0.03 Volume divided by open interest across the visible chain.
Trend fit 93/100 Agreement between options pressure and Sharemaestro market context.
Event window 4 Aug Matched earnings event is 2 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 Calls · 22-45 days · ITM
Calls · 22-45 days · ITM calls cluster with 175 contracts traded, $56294 estimated gross traded notional, and 19% of visible notional.
$56294
Puts · 0-7 days · ITM puts cluster with 958 contracts traded, $51957 estimated gross traded notional, and 17% of visible notional.
$51957
Puts · 0-7 days · OTM puts cluster with 2687 contracts traded, $46628 estimated gross traded notional, and 15% of visible notional.
$46628
Calls · 91+ days · OTM calls cluster with 919 contracts traded, $39032 estimated gross traded notional, and 13% of visible notional.
$39032
Calls · 0-7 days · ITM calls cluster with 218 contracts traded, $18202 estimated gross traded notional, and 6% of visible notional.
$18202

Setup Classification

Opportunity and risk frame

Context, not advice
Positive Options-confirmed trend

Positioning agrees with the Sharemaestro trend backdrop.

Warning Volatility expansion

The tape is pricing or displaying unusually elevated activity.

Warning Event-risk setup

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

Sharemaestro weekly
Close4.17
1W-3.5%
RS32.0
Fair value+69.2%
Options pressure1
Speculation41
Volatility84
Trend fit93

Today Versus Normal

Stored-options context

View history
Expected move 6.9% history building
30d avg - · 3/10 sessions -
90d avg - · 3/30 sessions -
180d avg - · 3/60 sessions -
IV 1.34 history building
30d avg - · 3/10 sessions -
90d avg - · 3/30 sessions -
180d avg - · 3/60 sessions -
Put-call 1.18 history building
30d avg - · 3/10 sessions -
90d avg - · 3/30 sessions -
180d avg - · 3/60 sessions -
Volume/OI 0.03 history building
30d avg - · 3/10 sessions -
90d avg - · 3/30 sessions -
180d avg - · 3/60 sessions -

Pressure Trail

Recent pressure and volatility

Open trail
29 Jul 11:00 Volatility
Pressure 53
Move 6.1%
30 Jul 10:49 Volatility
Pressure -62
Move 6.9%
31 Jul 13:25 Mixed
Pressure -2
Move 4.2%
1 Aug 03:23 Mixed
Pressure 1
Move 6.9%

Strike Map

Where activity is clustering

Full strike map
Strike0.50
Calls · V 9 · OI 350
Puts · V 0 · OI 7
Strike1.00
Calls · V 10 · OI 350
Puts · V 0 · OI 0
Strike1.50
Calls · V 5 · OI 259
Puts · V 0 · OI 2
Strike2.00
Calls · V 8 · OI 199
Puts · V 0 · OI 0
Strike2.50
Calls · V 2 · OI 64
Puts · V 0 · OI 0
Strike3.00
Calls · V 1 · OI 83
Puts · V 0 · OI 54
Strike3.50
Calls · V 0 · OI 14
Puts · V 0 · OI 354
Strike4.00
Calls · V 125 · OI 278
Puts · V 21 · OI 3521

Term Structure

Expiration activity

Volume and IV
Expiry31 Jul 2026
Contracts36
Avg IV1.34
Put-call1.57
Expiry7 Aug 2026
Contracts36
Avg IV1.11
Put-call4.32
Expiry14 Aug 2026
Contracts38
Avg IV1.11
Put-call0.35
Expiry21 Aug 2026
Contracts36
Avg IV0.91
Put-call0.91
Expiry28 Aug 2026
Contracts38
Avg IV0.92
Put-call0.03

Skew

Call/put IV balance

OTM demand
31 Jul 2026Call IV premium
Call IV1.08
Put IV0.71
Skew-0.37
7 Aug 2026Put IV premium
Call IV1.24
Put IV1.30
Skew0.06
14 Aug 2026Put IV premium
Call IV1.06
Put IV1.13
Skew0.07
21 Aug 2026Balanced skew
Call IV0.96
Put IV0.96
Skew-
28 Aug 2026Balanced skew
Call IV0.88
Put IV0.92
Skew0.04

Contract Tape

Most active contracts

Full contract tape
ContractCLOV260807P00004000
SidePut
Expiry7 Aug 2026
Strike4.00
Volume2662
OI3486
IV1.10
ContractCLOV260731P00004500
SidePut
Expiry31 Jul 2026
Strike4.50
Volume499
OI1573
IV0.01
ContractCLOV260828C00007000
SideCall
Expiry28 Aug 2026
Strike7.00
Volume401
OI128
IV1.10
ContractCLOV270115C00010000
SideCall
Expiry15 Jan 2027
Strike10.00
Volume351
OI2343
IV0.95
ContractCLOV260807P00004500
SidePut
Expiry7 Aug 2026
Strike4.50
Volume291
OI986
IV1.06
ContractCLOV260807C00004500
SideCall
Expiry7 Aug 2026
Strike4.50
Volume266
OI972
IV1.23
ContractCLOV260731C00004500
SideCall
Expiry31 Jul 2026
Strike4.50
Volume260
OI1812
IV1.08
ContractCLOV260807C00006000
SideCall
Expiry7 Aug 2026
Strike6.00
Volume258
OI1112
IV1.37