Primary read
Mixed
Options-market disagreement
Ticker Options Intelligence
IDA options intelligence
IDACORP Inc options pressure, expected move, strike concentration, and Sharemaestro trend context.
Conviction
34
Market data through 11 Aug 2026
Checked 12 Aug 2026 14:25 · complete available chain
Options-market disagreement
Mixed pressure
IDA currently carries mixed options pressure with a 34/100 conviction score. The nearest-chain expected move is 3.0%, with volume/open-interest participation at 0.00.
Expected move
3.0%
Near-term move context
Activity / OI
0.00
Current volume is quieter versus prior open interest
Put-call
1.00
Balanced tape
Trend fit
99
Options agree with trend context
Weekly backdrop
-0.1%
RS -6.7
Expected move
3.0%
Put-call volume
1.00
Volume / OI
0.00
Reference IV
0.19
Max pain
140.00
Underlying
141.84
Nearest expiry
21 Aug 2026
Contracts
160
Research Brief
IDA has a mixed chain read with 34/100 evidence alignment.
The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 137.54–146.14; The largest call open-interest concentration is 165.00; the largest put concentration is 115.00. The most active strike by current volume is 85.00.
Priced range137.54–146.14
Call concentration165.00
Put concentration115.00
Max pain reference140.00
- 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 137.54 to 146.14. Max pain at 140.00 sits inside that range, 1.3% below spot.
Spot
Max pain
137.54141.84 ± 4.30146.14
Confirmation level
A close beyond 146.14 or below 137.54 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 34/100
Pressure is 12/100 toward puts; conviction uses its strength, while the signal label carries its direction.
Directional pressure12 × 42%
+5.0
How strongly activity leans toward calls or puts.
Participation0 × 22%
+0.1
Volume relative to existing open interest and contract-level activity.
Trend agreement99 × 26%
+25.9
How closely the chain read agrees with the underlying trend backdrop.
Volatility26 × 10%
+2.6
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 165.00; the largest put concentration is 115.00. The most active strike by current volume is 85.00. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.
Put open interestStrikeCall open interest
0
85.00-40.1%
0
1
90.00-36.5%
0
0
95.00-33.0%
0
11
100.00-29.5%
0
6
105.00-26.0%
0
7
110.00-22.4%
0
203
115.00-18.9%
0
2
125.00-11.9%
0
7
130.00-8.3%
0
1
135.00-4.8%
0
7
140.00-1.3%
1
0
145.002.2%
25
0
150.005.8%
12
0
155.009.3%
2
0
160.0012.8%
1
0
165.0016.3%
31
0
180.0026.9%
6
Nearest spot strike Max pain strikeBars show relative OI within this expiry
Gamma Profile by Strike
Balanced gamma proxy
Call- and put-side gamma sensitivity is broadly balanced across the retained chain. Individual strike concentrations may still matter more than the chain-wide net.
Net profile-$5,210Delta change / 1% move
Positive peak150.00+$13,406
Negative peak110.00-$29,828
Nearest balance141.56Interpolated sign change
StrikeNegativePositiveNet / 1% move
85.00-40.1%
-$24
90.00-36.5%
-$36
100.00-29.5%
-$146
105.00-26.0%
-$86
110.00-22.4%
-$29,828
115.00-18.9%
-$3,735
120.00-15.4%
-$688
125.00-11.9%
-$584
130.00-8.3%
+$207
135.00-4.8%
+$1,110
140.00-1.3%
-$5,504
145.002.2%
+$12,117
150.005.8%
+$13,406
155.009.3%
+$3,603
160.0012.8%
+$3,892
165.0016.3%
+$916
170.0019.9%
+$89
180.0026.9%
+$81
Positive call-side proxy Negative put-side proxyHighlighted row is nearest spot strike
Scenario proxy = gamma × open interest × 100 shares × spot² × 1%. Calls are positive and puts negative by convention. Missing Greeks use a Black-Scholes estimate from stored IV with zero rate and dividend assumptions. Open interest does not reveal who is long or short, so this is not observed dealer positioning or a forecast.
Volatility Curve
Balanced volatility curve
Near- and longer-dated implied volatility are broadly aligned; no exceptional front-expiry premium is visible.
0.19
21 Aug
10d
0.20
18 Sep
38d
0.21
20 Nov
101d
0.20
19 Feb
192d
Volatility by Strike
Balanced wings
Comparable upside calls and downside puts carry broadly similar implied volatility.
115
120
125
130
135
140
145
150
155
160
165
170
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
- Auditable calculationoriginal version retained
- Independent entryone read per market session
- Point-in-time referencerequired at entry
- Matched expiry closereported only after maturity
Eligible snapshots must have a dated market session, stored signal, and point-in-time market reference. Each observation uses one read per market session and the first stored weekly close on or immediately after expiry; its original calculation version is retained. It is an evidence audit, not an executable strategy or evidence of future performance.
Evidence Quality
Usable with limits
Retained chain100%
Implied volatility100%
Two-sided quotes100%
Open interest100%
- Chain status
- Complete available chain
- Market date
- 11 Aug 2026
- Calculation
- v2.0
- Contracts
- 160 / 160
- 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
Likely noise
There is useful activity, but aggregate chain data does not isolate participant intent.
The options read is mixed, so divergence is not strong enough to classify.
Likely noise matters because it connects the options headline to the actual evidence: $352 of estimated gross traded notional, calls · 91+ days · otm, 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-12
1W price-0.1%
Call premium83%
Put premium17%
Notional split
C 83% / P 17%
Estimated gross traded notional uses volume × contract multiplier × midpoint, or last price when no valid midpoint is available.
Freshness
0.00
Volume divided by open interest across the visible chain.
Trend fit
99/100
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.
Calls · 91+ days · OTM
calls cluster with 1 contracts traded, $292 estimated gross traded notional, and 83% of visible notional.
$292
Puts · 91+ days · OTM
puts cluster with 1 contracts traded, $60 estimated gross traded notional, and 17% of visible notional.
$60
Setup Classification
Opportunity and risk frame
Positioning agrees with the Sharemaestro trend backdrop.
Underlying price is close to the max-pain zone.
Activity Anomaly
Normal range
Activity is broadly in line with recent stored snapshots.
Baseline: 10 completed sessions
Volume rank40th
Volume/OI rank40th
IV rank80th
Market Context
Underlying confirmation
Close141.84
1W-0.1%
RS-6.7
Fair value+28.0%
Options pressure-12
Speculation0
Volatility26
Trend fit99
Today Versus Normal
Stored-options context
30d avg 4.6% · 10 sessions
0th
90d avg - · 10/30 sessions
-
180d avg - · 10/60 sessions
-
30d avg 0.20 · 10 sessions
80th
90d avg - · 10/30 sessions
-
180d avg - · 10/60 sessions
-
30d avg - · 8/10 sessions
-
90d avg - · 8/30 sessions
-
180d avg - · 8/60 sessions
-
30d avg 0.06 · 10 sessions
40th
90d avg - · 10/30 sessions
-
180d avg - · 10/60 sessions
-
Pressure Trail
Recent pressure and volatility
29 Jul 10:32
Mixed
Pressure -12
Move 4.4%
30 Jul 10:30
Bullish
Pressure 88
Move 6.4%
31 Jul 05:28
Bullish
Pressure 88
Move 7.8%
31 Jul 13:52
Bearish
Pressure -69
Move 12.3%
2 Aug 10:37
Bullish
Pressure 88
Move 4.0%
4 Aug 05:58
Mixed
Pressure -12
Move 3.7%
5 Aug 09:10
Bullish
Pressure 88
Move 3.9%
5 Aug 14:29
Bearish
Pressure -56
Move 4.0%
Strike Map
Where activity is clustering
Strike85.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike90.00
Calls · V 0 · OI 0
Puts · V 0 · OI 1
Strike95.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike100.00
Calls · V 0 · OI 0
Puts · V 0 · OI 11
Strike105.00
Calls · V 0 · OI 0
Puts · V 0 · OI 6
Strike110.00
Calls · V 0 · OI 0
Puts · V 0 · OI 7
Strike115.00
Calls · V 0 · OI 0
Puts · V 0 · OI 203
Strike120.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Term Structure
Expiration activity
Expiry21 Aug 2026
Contracts42
Avg IV0.19
Put-call-
Expiry18 Sep 2026
Contracts34
Avg IV0.20
Put-call-
Expiry20 Nov 2026
Contracts46
Avg IV0.21
Put-call1.00
Expiry19 Feb 2027
Contracts38
Avg IV0.20
Put-call-
Skew
Call/put IV balance
21 Aug 2026Put IV premium
Call IV0.09
Put IV0.22
Skew0.13
18 Sep 2026Balanced skew
Call IV0.24
Put IV0.27
Skew0.03
20 Nov 2026Balanced skew
Call IV0.21
Put IV0.23
Skew0.02
19 Feb 2027Balanced skew
Call IV0.19
Put IV0.23
Skew0.04
Contract Tape
Most active contracts
ContractIDA261120P00110000
SidePut
Expiry20 Nov 2026
Strike110.00
Volume1
OI310
IV0.32
ContractIDA261120C00150000
SideCall
Expiry20 Nov 2026
Strike150.00
Volume1
OI21
IV0.21
ContractIDA260821P00115000
SidePut
Expiry21 Aug 2026
Strike115.00
Volume-
OI203
IV0.44
ContractIDA261120C00155000
SideCall
Expiry20 Nov 2026
Strike155.00
Volume-
OI35
IV0.06
ContractIDA260821C00165000
SideCall
Expiry21 Aug 2026
Strike165.00
Volume-
OI31
IV0.37
ContractIDA260821C00145000
SideCall
Expiry21 Aug 2026
Strike145.00
Volume-
OI25
IV0.09
ContractIDA261120P00120000
SidePut
Expiry20 Nov 2026
Strike120.00
Volume-
OI17
IV0.12
ContractIDA260821C00150000
SideCall
Expiry21 Aug 2026
Strike150.00
Volume-
OI12
IV0.17
Research Graph
Related research and context
Sharemaestro research
Related News
No recent ticker-specific news yet.
Market Watch
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Earnings
No upcoming matched earnings event.
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.