Ticker Options Intelligence

CAN options intelligence

Canaan Inc options pressure, expected move, strike concentration, and Sharemaestro trend context.

Conviction 41 Market data through 31 Jul 2026 Checked 2 Aug 2026 19:25 · complete available chain

Put-side pressure

Bearish pressure

CAN currently carries bearish options pressure with a 41/100 conviction score. The nearest-chain expected move is 182.4%, with volume/open-interest participation at 0.06.

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

Put-side pressure

Expected move 182.4%

Wider near-term move priced

Activity / OI 0.06

Current volume is quieter versus prior open interest

Put-call 1.96

Put-side skew

Trend fit 66

Options agree with trend context

Weekly backdrop -28.1%

RS -77.6

Expected move 182.4%
Put-call volume 1.96
Volume / OI 0.06
Reference IV 5.71
Max pain 0.50
Underlying 0.17
Nearest expiry 21 Aug 2026
Contracts 68

Research Brief

CAN has a bearish chain read with 41/100 evidence alignment.

The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 0.00–0.48; The largest call open-interest concentration is 0.50; the largest put concentration is 0.50. The most active strike by current volume is 0.50.

Priced range0.00–0.48
Call concentration0.50
Put concentration0.50
Max pain reference0.50
What would confirm it
  • Price remains weak while put-side concentration persists.
  • The current chain read already agrees with the stored weekly trend context.
What would weaken it
  • Price recovers while put pressure fades or reverses toward calls.
  • 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 21 Aug

Options imply 0.00 to 0.48. Max pain at 0.50 lies outside the priced range, so it is a weak near-term anchor. The theoretical downside extends below zero, so the displayed lower bound is floored at 0.00.

Spot Max pain
0.000.17 ± 0.310.48
Confirmation level

A close beyond 0.48 or below 0.00 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 41/100

Evidence alignment, not probability

Pressure is 24/100 toward puts; conviction uses its strength, while the signal label carries its direction.

Directional pressure24 × 42%
+9.9

How strongly activity leans toward calls or puts.

Participation17 × 22%
+3.8

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.

Volatility96 × 10%
+9.6

The intensity of implied volatility and the priced move.

Reconstructed score40.5Matches stored calculation

Positioning by Strike

Where open interest and current activity concentrate

Full strike map

The largest call open-interest concentration is 0.50; the largest put concentration is 0.50. The most active strike by current volume is 0.50. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.

Put open interestStrikeCall open interest
186
0.50194.1%
1943
45
1.00488.2%
208
28
1.50782.4%
2
10
2.001076.5%
5
Nearest spot strike Max pain strikeBars show relative OI within this expiry

Volatility Curve

Front-loaded volatility

4.11× front/back

Near-term options are materially richer than later expirations, consistent with concentrated event or immediate-risk pricing.

5.71 21 Aug 21d
4.50 18 Sep 49d
1.26 16 Oct 77d
1.28 15 Jan 168d
1.39 21 Jan 539d

Volatility by Strike

Smile incomplete

Nearest expiry, within 20% of spot

There is not enough comparable OTM call and put volatility to classify the smile.

Comparable strike volatility is unavailable.

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

A97/100
Retained chain100%
Implied volatility100%
Two-sided quotes100%
Open interest100%
Chain status
Complete available chain
Market date
31 Jul 2026
Calculation
v2.0
Contracts
68 / 68
  • 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

82/100
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 Bearish flow confirms price

Options pressure and weekly price action are both cautionary.

Why this matters

Earnings/event positioning matters because it connects the options headline to the actual evidence: $173140 of estimated gross traded notional, puts · 46-90 days · itm, and a bearish flow confirms price backdrop. Use it as a research priority signal, then validate the chart, liquidity, event calendar, and risk before acting.

Options pressure-24
1W price-28.1%
Call premium13%
Put premium87%
Notional split C 13% / P 87% Estimated gross traded notional uses volume × contract multiplier × midpoint, or last price when no valid midpoint is available.
Freshness 0.06 Volume divided by open interest across the visible chain.
Trend fit 66/100 Agreement between options pressure and Sharemaestro market context.
Event window 13 Aug Matched earnings event is 11 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 Puts · 46-90 days · ITM
Puts · 46-90 days · ITM puts cluster with 5347 contracts traded, $147412 estimated gross traded notional, and 85% of visible notional.
$147412
Calls · 91+ days · OTM calls cluster with 2542 contracts traded, $21350 estimated gross traded notional, and 12% of visible notional.
$21350
Puts · 8-21 days · ITM puts cluster with 19 contracts traded, $2775 estimated gross traded notional, and 2% of visible notional.
$2775
Puts · 91+ days · ITM puts cluster with 9 contracts traded, $1248 estimated gross traded notional, and 1% of visible notional.
$1248
Calls · 46-90 days · OTM calls cluster with 115 contracts traded, $264 estimated gross traded notional, and 0% of visible notional.
$264

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.

Warning Bearish pressure under fair value

Put pressure is building after the stock has already moved below fair value.

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
Close0.17
1W-28.1%
RS-77.6
Fair value-85.4%
Options pressure-24
Speculation17
Volatility96
Trend fit66

Today Versus Normal

Stored-options context

View history
Expected move 182.4% history building
30d avg - · 3/10 sessions -
90d avg - · 3/30 sessions -
180d avg - · 3/60 sessions -
IV 5.71 history building
30d avg - · 3/10 sessions -
90d avg - · 3/30 sessions -
180d avg - · 3/60 sessions -
Put-call 1.96 history building
30d avg - · 3/10 sessions -
90d avg - · 3/30 sessions -
180d avg - · 3/60 sessions -
Volume/OI 0.06 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 11:37 Volatility
Pressure 97
Move 173.3%
30 Jul 11:16 Volatility
Pressure 100
Move 46.5%
31 Jul 10:51 Volatility
Pressure 100
Move 169.1%
2 Aug 18:25 Bearish
Pressure -24
Move 182.4%

Strike Map

Where activity is clustering

Full strike map
Strike0.50
Calls · V 86 · OI 1943
Puts · V 0 · OI 186
Strike1.00
Calls · V 0 · OI 208
Puts · V 0 · OI 45
Strike1.50
Calls · V 0 · OI 2
Puts · V 16 · OI 28
Strike2.00
Calls · V 1 · OI 5
Puts · V 3 · OI 10

Term Structure

Expiration activity

Volume and IV
Expiry21 Aug 2026
Contracts8
Avg IV5.71
Put-call0.22
Expiry18 Sep 2026
Contracts8
Avg IV4.50
Put-call0.03
Expiry16 Oct 2026
Contracts8
Avg IV1.26
Put-call140.66
Expiry15 Jan 2027
Contracts24
Avg IV1.28
Put-call0.00
Expiry21 Jan 2028
Contracts20
Avg IV1.39
Put-call0.00

Skew

Call/put IV balance

OTM demand
21 Aug 2026Incomplete skew
Call IV3.42
Put IV-
Skew-
18 Sep 2026Incomplete skew
Call IV2.24
Put IV-
Skew-
16 Oct 2026Incomplete skew
Call IV1.78
Put IV-
Skew-
15 Jan 2027Incomplete skew
Call IV1.20
Put IV-
Skew-
21 Jan 2028Incomplete skew
Call IV1.28
Put IV-
Skew-

Contract Tape

Most active contracts

Full contract tape
ContractCAN261016P00000500
SidePut
Expiry16 Oct 2026
Strike0.50
Volume5343
OI17650
IV0.01
ContractCAN270115C00000500
SideCall
Expiry15 Jan 2027
Strike0.50
Volume1334
OI13495
IV1.20
ContractCAN280121C00000500
SideCall
Expiry21 Jan 2028
Strike0.50
Volume1143
OI11205
IV2.18
ContractCAN260821C00000500
SideCall
Expiry21 Aug 2026
Strike0.50
Volume86
OI1943
IV3.42
ContractCAN260918C00000500
SideCall
Expiry18 Sep 2026
Strike0.50
Volume77
OI54
IV2.24
ContractCAN261016C00000500
SideCall
Expiry16 Oct 2026
Strike0.50
Volume37
OI10990
IV1.78
ContractCAN280121C00003000
SideCall
Expiry21 Jan 2028
Strike3.00
Volume20
OI4671
IV2.20
ContractCAN270115C00001500
SideCall
Expiry15 Jan 2027
Strike1.50
Volume19
OI4938
IV1.87