Ticker Options Intelligence

CASS options intelligence

Cass Information Systems Inc options pressure, expected move, strike concentration, and Sharemaestro trend context.

Conviction 32 Market data through 16 Sep 2026 Checked 17 Sep 2026 13:21 · complete available chain

Options-market disagreement

Mixed pressure

CASS currently carries mixed options pressure with a 32/100 conviction score. The nearest-chain expected move is 4.4%, with volume/open-interest participation at 0.00.

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

Options-market disagreement

Expected move 4.4%

Near-term move context

Activity / OI 0.00

Current volume is quieter versus prior open interest

Put-call -

Balanced tape

Trend fit 86

Options agree with trend context

Weekly backdrop -1.1%

RS 9.2

Expected move 4.4%
Put-call volume -
Volume / OI -
Reference IV 0.60
Max pain 22.50
Underlying 55.18
Nearest expiry 18 Sep 2026
Contracts 94

Research Brief

CASS has a mixed chain read with 32/100 evidence alignment.

The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 52.73–57.63; The largest call open-interest concentration is 22.50; the largest put concentration is 22.50. The most active strike by current volume is 22.50.

Priced range52.73–57.63
Call concentration22.50
Put concentration22.50
Max pain reference22.50
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.
  • Participation is above the ticker's stored normal, which makes the read more noteworthy.
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 18 Sep

Options imply 52.73 to 57.63. Max pain at 22.50 lies outside the priced range, so it is a weak near-term anchor.

Spot Max pain
52.7355.18 ± 2.4557.63
Confirmation level

A close beyond 57.63 or below 52.73 at the 18 Sep 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 32/100

Evidence alignment, not probability

Pressure is 8/100 toward calls; conviction uses its strength, while the signal label carries its direction.

Directional pressure8 × 42%
+3.4

How strongly activity leans toward calls or puts.

Participation0 × 22%
+0.0

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

Trend agreement86 × 26%
+22.5

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

Volatility60 × 10%
+6.0

The intensity of implied volatility and the priced move.

Reconstructed score31.9Matches stored calculation

Positioning by Strike

Where open interest and current activity concentrate

Full strike map

The largest call open-interest concentration is 22.50; the largest put concentration is 22.50. The most active strike by current volume is 22.50. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.

Put open interestStrikeCall open interest
0
22.50-59.2%
0
0
25.00-54.7%
0
0
30.00-45.6%
0
0
35.00-36.6%
0
0
40.00-27.5%
0
0
45.00-18.4%
0
0
50.00-9.4%
0
0
55.00-0.3%
0
0
60.008.7%
0
0
65.0017.8%
0
Nearest spot strike Max pain strikeBars show relative OI within this expiry

Gamma Profile by Strike

Positive gamma proxy

Reported Greeks · 100% coverage

Call-side gamma sensitivity outweighs the put-side proxy across the retained chain. The largest bars mark levels where delta-hedging sensitivity may be most concentrated.

Net profile+$4,175Delta change / 1% move
Positive peak55.00+$1,594
Negative peak40.00-$29
Nearest balance45.10Interpolated sign change
StrikeNegativePositiveNet / 1% move
25.00-54.7%
-$16
40.00-27.5%
-$29
45.00-18.4%
-$20
50.00-9.4%
+$1,013
55.00-0.3%
+$1,594
60.008.7%
+$1,112
65.0017.8%
+$397
70.0026.9%
+$123
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

Front-loaded volatility

2.17× front/back

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

0.60 18 Sep 2d
0.31 16 Oct 30d
0.26 18 Dec 93d
0.28 19 Mar 184d

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.

45
50
55
60
65
Put IV Call IV

Historical Replay

How matured reads behaved through expiry

13 matured · 4 directional

Across 4 stored directional transitions, the next stored price moved in the labelled direction 50% of the time.

Directional follow-through50%
Moves contained by pricing100%
Average expiry move2.3%
20 Aug Mixed · 35 -4.0% through expiry 7.3% priced · v2.0
19 Aug Volatility · 46 -4.0% through expiry 14.1% priced · v2.0
14 Aug Mixed · 30 -4.0% through expiry 4.2% priced · v2.0
13 Aug Bullish · 49 -3.3% through expiry 6.0% priced · v2.0
11 Aug Mixed · 31 -3.3% through expiry 6.7% priced · v2.0
10 Aug Bullish · 47 -3.3% through expiry 5.6% priced · v2.0
7 Aug Mixed · 30 -3.3% through expiry 5.0% priced · v2.0
6 Aug Mixed · 30 0.3% through expiry 5.3% priced · v2.0
5 Aug Mixed · 30 0.3% through expiry 5.3% priced · v2.0
4 Aug Bullish · 47 0.3% through expiry 6.1% priced · v2.0
3 Aug Bullish · 50 0.3% through expiry 6.6% priced · v2.0
31 Jul Mixed · 31 0.3% through expiry 7.0% priced · v2.0

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

C69/100
Retained chain100%
Implied volatility100%
Two-sided quotes100%
Open interest100%
Chain status
Complete available chain
Market date
16 Sep 2026
Calculation
v2.0
Contracts
94 / 94
  • 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

32/100
Primary intent Likely noise

Visible options activity is too thin or mixed to support a strong intent classification.

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

Likely noise matters because it connects the options headline to the actual evidence: $0 of estimated gross traded notional, no dominant cluster, 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+8
1W price-1.1%
Call premium0%
Put premium0%
Notional split C 0% / P 0% 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 86/100 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.
Conviction clusters No dominant cluster

No high-conviction option cluster is visible in this snapshot.

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.

Activity Anomaly

Above normal

68

Activity is running above the recent historical baseline.

Baseline: 23 completed sessions

Volume rank61th
Volume/OI rank61th
IV rank83th

Market Context

Underlying confirmation

Sharemaestro weekly
Close55.18
1W-1.1%
RS9.2
Fair value+30.9%
Options pressure8
Speculation0
Volatility60
Trend fit86

Today Versus Normal

Stored-options context

View history
Expected move 4.4% muted
30d avg 8.9% · 10 sessions 20th
90d avg - · 23/30 sessions -
180d avg - · 23/60 sessions -
IV 0.60 near normal
30d avg 0.60 · 10 sessions 60th
90d avg - · 23/30 sessions -
180d avg - · 23/60 sessions -
Put-call - history building
30d avg - · 3/10 sessions -
90d avg - · 9/30 sessions -
180d avg - · 9/60 sessions -
Volume/OI 0.00 near normal
30d avg 0.02 · 10 sessions 70th
90d avg - · 23/30 sessions -
180d avg - · 23/60 sessions -

Pressure Trail

Recent pressure and volatility

Open trail
29 Jul 11:22 Bullish
Pressure 100
Move 6.9%
30 Jul 11:09 Bullish
Pressure 100
Move 5.0%
31 Jul 10:44 Mixed
Pressure 2
Move 8.9%
3 Aug 10:52 Mixed
Pressure 2
Move 7.0%
3 Aug 16:57 Volatility
Pressure 60
Move 13.2%
4 Aug 06:08 Bullish
Pressure 100
Move 6.6%
5 Aug 08:18 Bullish
Pressure 100
Move 6.1%
6 Aug 10:33 Mixed
Pressure 6
Move 5.3%

Strike Map

Where activity is clustering

Full strike map
Strike22.50
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike25.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike30.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike35.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike40.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike45.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike50.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike55.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0

Term Structure

Expiration activity

Volume and IV
Expiry18 Sep 2026
Contracts20
Avg IV0.60
Put-call-
Expiry16 Oct 2026
Contracts24
Avg IV0.31
Put-call-
Expiry18 Dec 2026
Contracts26
Avg IV0.26
Put-call-
Expiry19 Mar 2027
Contracts24
Avg IV0.28
Put-call-

Skew

Call/put IV balance

OTM demand
18 Sep 2026Call IV premium
Call IV0.49
Put IV0.06
Skew-0.43
16 Oct 2026Put IV premium
Call IV0.12
Put IV0.44
Skew0.32
18 Dec 2026Balanced skew
Call IV0.38
Put IV0.33
Skew-0.05
19 Mar 2027Put IV premium
Call IV0.27
Put IV0.35
Skew0.08

Contract Tape

Most active contracts

Full contract tape
ContractCASS261218P00025000
SidePut
Expiry18 Dec 2026
Strike25.00
Volume-
OI14
IV0.58
ContractCASS270319C00065000
SideCall
Expiry19 Mar 2027
Strike65.00
Volume-
OI10
IV0.08
ContractCASS261218C00055000
SideCall
Expiry18 Dec 2026
Strike55.00
Volume-
OI10
IV0.27
ContractCASS261218C00060000
SideCall
Expiry18 Dec 2026
Strike60.00
Volume-
OI10
IV0.38
ContractCASS261218C00065000
SideCall
Expiry18 Dec 2026
Strike65.00
Volume-
OI10
IV0.12
ContractCASS270319C00070000
SideCall
Expiry19 Mar 2027
Strike70.00
Volume-
OI10
IV0.12
ContractCASS261218C00050000
SideCall
Expiry18 Dec 2026
Strike50.00
Volume-
OI10
IV0.29
ContractCASS261218P00050000
SidePut
Expiry18 Dec 2026
Strike50.00
Volume-
OI2
IV0.09

Evidence context