Ticker Options Intelligence

CHRD options intelligence

Chord Energy Corp options pressure, expected move, strike concentration, and Sharemaestro trend context.

Conviction 38 Market data through 31 Jul 2026 Checked 1 Aug 2026 07:49 · complete available chain

Call-side pressure

Bullish pressure

CHRD currently carries bullish options pressure with a 38/100 conviction score. The nearest-chain expected move is 8.5%, with volume/open-interest participation at 0.01.

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

Call-side pressure

Expected move 8.5%

Wider near-term move priced

Activity / OI 0.01

Current volume is quieter versus prior open interest

Put-call 0.54

Call-side skew

Trend fit 66

Options agree with trend context

Weekly backdrop +1.5%

RS 16.8

Expected move 8.5%
Put-call volume 0.54
Volume / OI 0.01
Reference IV 0.45
Max pain 130.00
Underlying 138.36
Nearest expiry 21 Aug 2026
Contracts 296

Research Brief

CHRD has a bullish chain read with 38/100 evidence alignment.

The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 126.61–150.11; The largest call open-interest concentration is 145.00; the largest put concentration is 105.00. The most active strike by current volume is 130.00.

Priced range126.61–150.11
Call concentration145.00
Put concentration105.00
Max pain reference130.00
What would confirm it
  • Price holds or improves while call-side concentration remains elevated.
  • The current chain read already agrees with the stored weekly trend context.
What would weaken it
  • Price weakens while call pressure fades or reverses toward puts.

Priced Move

Where the chain says movement becomes exceptional

Size, not direction · through 21 Aug

Options imply 126.61 to 150.11. Max pain at 130.00 sits inside that range, 6.0% below spot.

Spot Max pain
126.61138.36 ± 11.75150.11
Confirmation level

A close beyond 150.11 or below 126.61 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 38/100

Evidence alignment, not probability

Pressure is 33/100 toward calls; conviction uses its strength, while the signal label carries its direction.

Directional pressure33 × 42%
+13.9

How strongly activity leans toward calls or puts.

Participation4 × 22%
+0.8

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

Trend agreement66 × 26%
+17.2

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

Volatility65 × 10%
+6.5

The intensity of implied volatility and the priced move.

Reconstructed score38.4Matches stored calculation

Positioning by Strike

Where open interest and current activity concentrate

Full strike map

The largest call open-interest concentration is 145.00; the largest put concentration is 105.00. The most active strike by current volume is 130.00. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.

Put open interestStrikeCall open interest
2
70.00-49.4%
0
8
95.00-31.3%
0
18
100.00-27.7%
5
146
105.00-24.1%
0
34
110.00-20.5%
1
29
115.00-16.9%
7
50
120.00-13.3%
36
50
125.00-9.7%
112
37
130.00-6.0%
76
21
135.00-2.4%
197
5
140.001.2%
66
6
145.004.8%
506
100
150.008.4%
89
0
155.0012.0%
44
0
160.0015.6%
5
0
165.0019.3%
32
0
170.0022.9%
3
Nearest spot strike Max pain strikeBars show relative OI within this expiry

Volatility Curve

Balanced volatility curve

1.08× front/back

Near- and longer-dated implied volatility are broadly aligned; no exceptional front-expiry premium is visible.

0.45 21 Aug 21d
0.41 18 Sep 49d
0.41 18 Dec 140d
0.41 15 Jan 168d
0.41 19 Mar 231d

Volatility by Strike

Downside protection premium

Nearest expiry, within 20% of spot

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

115
120
125
130
135
140
145
150
155
160
165
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 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

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
296 / 296
  • 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

77/100
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 Bullish flow confirms price

Options pressure and weekly price action are pointing in the same constructive direction.

Why this matters

Earnings/event positioning matters because it connects the options headline to the actual evidence: $63418 of estimated gross traded notional, calls · 91+ 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+33
1W price+1.5%
Call premium88%
Put premium12%
Notional split C 88% / P 12% 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 66/100 Agreement between options pressure and Sharemaestro market context.
Event window 5 Aug Matched earnings event is 4 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 · 91+ days · ITM
Calls · 91+ days · ITM calls cluster with 7 contracts traded, $20335 estimated gross traded notional, and 32% of visible notional.
$20335
Calls · 46-90 days · OTM calls cluster with 34 contracts traded, $15310 estimated gross traded notional, and 24% of visible notional.
$15310
Calls · 91+ days · ATM calls cluster with 7 contracts traded, $9730 estimated gross traded notional, and 15% of visible notional.
$9730
Puts · 8-21 days · OTM puts cluster with 26 contracts traded, $4215 estimated gross traded notional, and 7% of visible notional.
$4215
Calls · 46-90 days · ATM calls cluster with 4 contracts traded, $3925 estimated gross traded notional, and 6% of visible notional.
$3925

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
Close140.38
1W+1.5%
RS16.8
Fair value+15.8%
Options pressure33
Speculation4
Volatility65
Trend fit66

Today Versus Normal

Stored-options context

View history
Expected move 8.5% history building
30d avg - · 3/10 sessions -
90d avg - · 3/30 sessions -
180d avg - · 3/60 sessions -
IV 0.45 history building
30d avg - · 3/10 sessions -
90d avg - · 3/30 sessions -
180d avg - · 3/60 sessions -
Put-call 0.54 history building
30d avg - · 3/10 sessions -
90d avg - · 3/30 sessions -
180d avg - · 3/60 sessions -
Volume/OI 0.01 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 10:32 Volatility
Pressure -69
Move 11.8%
30 Jul 01:00 Bullish
Pressure 60
Move 9.4%
30 Jul 16:21 Mixed
Pressure 7
Move 9.8%
31 Jul 09:28 Volatility
Pressure 71
Move 9.9%
31 Jul 20:54 Mixed
Pressure 14
Move 8.5%
1 Aug 06:49 Bullish
Pressure 33
Move 8.5%

Strike Map

Where activity is clustering

Full strike map
Strike70.00
Calls · V 0 · OI 0
Puts · V 0 · OI 2
Strike75.00
Calls · V 0 · OI 0
Puts · V 0 · OI 1
Strike80.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike85.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike90.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike95.00
Calls · V 0 · OI 0
Puts · V 0 · OI 8
Strike100.00
Calls · V 0 · OI 5
Puts · V 0 · OI 18
Strike105.00
Calls · V 0 · OI 0
Puts · V 0 · OI 146

Term Structure

Expiration activity

Volume and IV
Expiry21 Aug 2026
Contracts46
Avg IV0.45
Put-call2.17
Expiry18 Sep 2026
Contracts66
Avg IV0.41
Put-call0.24
Expiry18 Dec 2026
Contracts68
Avg IV0.41
Put-call-
Expiry15 Jan 2027
Contracts60
Avg IV0.41
Put-call-
Expiry19 Mar 2027
Contracts56
Avg IV0.41
Put-call2.00

Skew

Call/put IV balance

OTM demand
21 Aug 2026Put IV premium
Call IV0.42
Put IV0.48
Skew0.06
18 Sep 2026Balanced skew
Call IV0.40
Put IV0.43
Skew0.04
18 Dec 2026Balanced skew
Call IV0.40
Put IV0.44
Skew0.05
15 Jan 2027Balanced skew
Call IV0.40
Put IV0.44
Skew0.05
19 Mar 2027Put IV premium
Call IV0.39
Put IV0.46
Skew0.08

Contract Tape

Most active contracts

Full contract tape
ContractCHRD260918C00150000
SideCall
Expiry18 Sep 2026
Strike150.00
Volume29
OI313
IV0.40
ContractCHRD260821P00130000
SidePut
Expiry21 Aug 2026
Strike130.00
Volume15
OI37
IV0.48
ContractCHRD260821C00150000
SideCall
Expiry21 Aug 2026
Strike150.00
Volume11
OI89
IV0.42
ContractCHRD261218C00140000
SideCall
Expiry18 Dec 2026
Strike140.00
Volume7
OI189
IV0.37
ContractCHRD260918P00115000
SidePut
Expiry18 Sep 2026
Strike115.00
Volume7
OI124
IV0.49
ContractCHRD260821P00120000
SidePut
Expiry21 Aug 2026
Strike120.00
Volume7
OI50
IV0.54
ContractCHRD260918C00155000
SideCall
Expiry18 Sep 2026
Strike155.00
Volume5
OI163
IV0.41
ContractCHRD260821P00115000
SidePut
Expiry21 Aug 2026
Strike115.00
Volume4
OI29
IV0.55