Primary read
Mixed
Options-market disagreement
Ticker Options Intelligence
CC options intelligence
Chemours Co options pressure, expected move, strike concentration, and Sharemaestro trend context.
Conviction
38
Market data through 31 Jul 2026
Checked 1 Aug 2026 22:05 · complete available chain
Options-market disagreement
Mixed pressure
CC currently carries mixed options pressure with a 38/100 conviction score. The nearest-chain expected move is 12.2%, with volume/open-interest participation at 0.01.
Expected move
12.2%
Wider near-term move priced
Activity / OI
0.01
Current volume is quieter versus prior open interest
Put-call
0.93
Balanced tape
Trend fit
59
Options are not fully confirming trend
Weekly backdrop
-3.5%
RS -10.2
Expected move
12.2%
Put-call volume
0.93
Volume / OI
0.01
Reference IV
1.08
Max pain
17.00
Underlying
16.61
Nearest expiry
7 Aug 2026
Contracts
606
Research Brief
CC has a mixed 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 14.59–18.63; The largest call open-interest concentration is 17.00; the largest put concentration is 15.00. The most active strike by current volume is 16.50.
Priced range14.59–18.63
Call concentration17.00
Put concentration15.00
Max pain reference17.00
- A clear directional pressure reading develops and price begins to agree.
- Volatility falls and the chain remains directionally mixed.
- Options and the weekly trend are not yet giving the same message.
- 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
Options imply 14.59 to 18.63. Max pain at 17.00 sits inside that range, 2.3% above spot.
Spot
Max pain
14.5916.61 ± 2.0218.63
Confirmation level
A close beyond 18.63 or below 14.59 at the 7 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
Pressure is 14/100 toward calls; conviction uses its strength, while the signal label carries its direction.
Directional pressure14 × 42%
+5.8
How strongly activity leans toward calls or puts.
Participation32 × 22%
+7.1
Volume relative to existing open interest and contract-level activity.
Trend agreement59 × 26%
+15.4
How closely the chain read agrees with the underlying trend backdrop.
Volatility96 × 10%
+9.6
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 17.00; the largest put concentration is 15.00. The most active strike by current volume is 16.50. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.
Put open interestStrikeCall open interest
50
12.50-24.7%
0
21
14.00-15.7%
0
364
15.00-9.7%
0
101
15.50-6.7%
0
39
16.00-3.7%
48
15
16.50-0.7%
0
86
17.002.3%
25114
12
17.505.4%
52
15
18.008.4%
323
10
18.5011.4%
22
1
19.0014.4%
32
1
19.5017.4%
9
3
20.0020.4%
65
12
21.0026.4%
6
0
21.5029.4%
25037
2
22.0032.5%
8
2
23.0038.5%
8
Nearest spot strike Max pain strikeBars show relative OI within this expiry
Volatility Curve
Front-loaded volatility
Near-term options are materially richer than later expirations, consistent with concentrated event or immediate-risk pricing.
1.08
7 Aug
7d
0.91
14 Aug
14d
0.81
21 Aug
21d
0.77
28 Aug
28d
0.76
4 Sep
35d
0.71
11 Sep
42d
0.71
18 Sep
49d
0.69
16 Oct
77d
Volatility by Strike
Upside optionality premium
Out-of-the-money calls carry higher implied volatility than comparable puts, indicating richer upside optionality.
14
14
15
15
16
16
17
17
18
18
19
19
20
Put IV Call IV
Historical Replay
How matured reads behaved through expiry
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
Retained chain100%
Implied volatility100%
Two-sided quotes100%
Open interest100%
- Chain status
- Complete available chain
- Market date
- 31 Jul 2026
- Calculation
- v2.0
- Contracts
- 606 / 606
- 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
Options activity is concentrated around a live event window, so the cleanest read is event positioning rather than pure direction.
The options read is mixed, so divergence is not strong enough to classify.
Earnings/event positioning matters because it connects the options headline to the actual evidence: $90188 of estimated gross traded notional, calls · 91+ 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+14
1W price-3.5%
Call premium64%
Put premium36%
Notional split
C 64% / P 36%
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
59/100
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.
Calls · 91+ days · ITM
calls cluster with 45 contracts traded, $30375 estimated gross traded notional, and 34% of visible notional.
$30375
Puts · 91+ days · OTM
puts cluster with 211 contracts traded, $18580 estimated gross traded notional, and 21% of visible notional.
$18580
Calls · 91+ days · OTM
calls cluster with 35 contracts traded, $4625 estimated gross traded notional, and 5% of visible notional.
$4625
Calls · 46-90 days · ATM
calls cluster with 23 contracts traded, $3885 estimated gross traded notional, and 4% of visible notional.
$3885
Calls · 8-21 days · ITM
calls cluster with 10 contracts traded, $3750 estimated gross traded notional, and 4% of visible notional.
$3750
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.
Underlying price is close to the max-pain zone.
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
Close16.61
1W-3.5%
RS-10.2
Fair value-13.5%
Options pressure14
Speculation32
Volatility96
Trend fit59
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 10:52
Bullish
Pressure 68
Move 4.8%
30 Jul 11:28
Mixed
Pressure -9
Move 6.6%
31 Jul 10:21
Bullish
Pressure 58
Move 3.4%
31 Jul 19:59
Mixed
Pressure 14
Move 3.1%
31 Jul 23:23
Mixed
Pressure 14
Move 3.1%
1 Aug 00:01
Bullish
Pressure 23
Move 11.9%
1 Aug 01:52
Mixed
Pressure 18
Move 3.1%
1 Aug 21:05
Mixed
Pressure 14
Move 12.2%
Strike Map
Where activity is clustering
Strike12.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike12.50
Calls · V 0 · OI 0
Puts · V 0 · OI 50
Strike13.00
Calls · V 0 · OI 0
Puts · V 1 · OI 0
Strike13.50
Calls · V 0 · OI 0
Puts · V 3 · OI 6
Strike14.00
Calls · V 0 · OI 0
Puts · V 2 · OI 21
Strike14.50
Calls · V 0 · OI 0
Puts · V 0 · OI 7
Strike15.00
Calls · V 0 · OI 0
Puts · V 4 · OI 364
Strike15.50
Calls · V 20 · OI 0
Puts · V 4 · OI 101
Term Structure
Expiration activity
Expiry7 Aug 2026
Contracts76
Avg IV1.08
Put-call0.28
Expiry14 Aug 2026
Contracts82
Avg IV0.91
Put-call1.30
Expiry21 Aug 2026
Contracts70
Avg IV0.81
Put-call0.31
Expiry28 Aug 2026
Contracts60
Avg IV0.77
Put-call4.00
Expiry4 Sep 2026
Contracts60
Avg IV0.76
Put-call-
Skew
Call/put IV balance
7 Aug 2026Put IV premium
Call IV1.10
Put IV1.16
Skew0.06
14 Aug 2026Balanced skew
Call IV0.89
Put IV0.92
Skew0.03
21 Aug 2026Balanced skew
Call IV0.88
Put IV0.83
Skew-0.05
28 Aug 2026Balanced skew
Call IV0.82
Put IV0.81
Skew-0.01
4 Sep 2026Balanced skew
Call IV0.80
Put IV0.80
Skew-
Contract Tape
Most active contracts
ContractCC270115P00012000
SidePut
Expiry15 Jan 2027
Strike12.00
Volume210
OI2466
IV0.69
ContractCC260821C00027000
SideCall
Expiry21 Aug 2026
Strike27.00
Volume95
OI45
IV0.82
ContractCC280121C00013000
SideCall
Expiry21 Jan 2028
Strike13.00
Volume45
OI178
IV0.63
ContractCC260807C00016500
SideCall
Expiry7 Aug 2026
Strike16.50
Volume27
OI-
IV1.14
ContractCC260821P00015000
SidePut
Expiry21 Aug 2026
Strike15.00
Volume22
OI378
IV0.83
ContractCC260807C00021000
SideCall
Expiry7 Aug 2026
Strike21.00
Volume21
OI6
IV1.22
ContractCC260807C00015500
SideCall
Expiry7 Aug 2026
Strike15.50
Volume20
OI-
IV1.24
ContractCC260918C00017000
SideCall
Expiry18 Sep 2026
Strike17.00
Volume15
OI96
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.