Ticker Options Intelligence

CHCO options intelligence

City Holding Company options pressure, expected move, strike concentration, and Sharemaestro trend context.

Conviction 47 Market data through 31 Jul 2026 Checked 1 Aug 2026 13:27 · complete available chain

Call-side pressure

Bullish pressure

CHCO currently carries bullish options pressure with a 47/100 conviction score. The nearest-chain expected move is 4.4%, 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 Bullish

Call-side pressure

Expected move 4.4%

Near-term move context

Activity / OI 0.06

Current volume is quieter versus prior open interest

Put-call 0.00

Call-side skew

Trend fit 0

Options are not fully confirming trend

Weekly backdrop +3.9%

RS 7.3

Expected move 4.4%
Put-call volume -
Volume / OI 0.06
Reference IV 0.17
Max pain 125.00
Underlying 145.11
Nearest expiry 21 Aug 2026
Contracts 184

Research Brief

CHCO has a bullish chain read with 47/100 evidence alignment.

The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 138.78–151.44; The largest call open-interest concentration is 135.00; the largest put concentration is 125.00. The most active strike by current volume is 90.00.

Priced range138.78–151.44
Call concentration135.00
Put concentration125.00
Max pain reference125.00
What would confirm it
  • Price holds or improves while call-side concentration remains elevated.
What would weaken it
  • Price weakens while call pressure fades or reverses toward puts.
  • Options and the weekly trend are not yet giving the same message.

Priced Move

Where the chain says movement becomes exceptional

Size, not direction · through 21 Aug

Options imply 138.78 to 151.44. Max pain at 125.00 lies outside the priced range, so it is a weak near-term anchor.

Spot Max pain
138.78145.11 ± 6.33151.44
Confirmation level

A close beyond 151.44 or below 138.78 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 47/100

Evidence alignment, not probability

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

Directional pressure100 × 42%
+42.0

How strongly activity leans toward calls or puts.

Participation9 × 22%
+2.1

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

Trend agreement0 × 26%
+0.0

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

Volatility29 × 10%
+2.9

The intensity of implied volatility and the priced move.

Reconstructed score47.0Matches stored calculation

Positioning by Strike

Where open interest and current activity concentrate

Full strike map

The largest call open-interest concentration is 135.00; the largest put concentration is 125.00. The most active strike by current volume is 90.00. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.

Put open interestStrikeCall open interest
0
90.00-38.0%
0
0
95.00-34.5%
0
0
100.00-31.1%
0
0
105.00-27.6%
0
0
110.00-24.2%
0
0
115.00-20.7%
0
0
120.00-17.3%
0
1
125.00-13.9%
0
0
130.00-10.4%
0
0
135.00-7.0%
3
0
140.00-3.5%
0
0
145.00-0.1%
0
0
150.003.4%
0
0
155.006.8%
0
0
160.0010.3%
0
0
165.0013.7%
0
0
170.0017.2%
0
Nearest spot strike Max pain strikeBars show relative OI within this expiry

Volatility Curve

Back-loaded volatility

0.74× front/back

Longer-dated options carry more implied volatility than the front expiry, so risk is priced farther out.

0.17 21 Aug 21d
0.18 18 Sep 49d
0.23 18 Dec 140d
0.23 19 Mar 231d

Volatility by Strike

Balanced wings

Nearest expiry, within 20% of spot

Comparable upside calls and downside puts carry broadly similar implied volatility.

120
125
130
135
140
145
150
155
160
165
170
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
184 / 184
  • 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

Directional flow, confirmation needed

35/100
Primary intent Directional flow, confirmation needed

There is useful activity, but aggregate chain data does not isolate participant intent.

Flow vs price divergence Bullish flow confirms price

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

Why this matters

Directional flow, confirmation needed matters because it connects the options headline to the actual evidence: $6595 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+100
1W price+3.9%
Call premium100%
Put premium0%
Notional split C 100% / P 0% 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 0/100 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 Calls · 91+ days · ITM
Calls · 91+ days · ITM calls cluster with 3 contracts traded, $6595 estimated gross traded notional, and 100% of visible notional.
$6595

Setup Classification

Opportunity and risk frame

Context, not advice
Negative Options disagreement

Options positioning is not confirming the underlying trend context.

Warning Bullish pressure over fair value

Call pressure is building while the stock sits above Sharemaestro 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
Close145.11
1W+3.9%
RS7.3
Fair value+30.2%
Options pressure100
Speculation9
Volatility29
Trend fit0

Today Versus Normal

Stored-options context

View history
Expected move 4.4% history building
30d avg - · 3/10 sessions -
90d avg - · 3/30 sessions -
180d avg - · 3/60 sessions -
IV 0.17 history building
30d avg - · 3/10 sessions -
90d avg - · 3/30 sessions -
180d avg - · 3/60 sessions -
Put-call 0.00 history building
30d avg - · 1/10 sessions -
90d avg - · 1/30 sessions -
180d avg - · 1/60 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 11:03 Bullish
Pressure 100
Move 5.2%
30 Jul 10:52 Mixed
Pressure 9
Move 4.9%
31 Jul 10:34 Mixed
Pressure 9
Move 5.2%
1 Aug 12:27 Bullish
Pressure 100
Move 4.4%

Strike Map

Where activity is clustering

Full strike map
Strike90.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike95.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike100.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike105.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike110.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike115.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike120.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike125.00
Calls · V 0 · OI 0
Puts · V 0 · OI 1

Term Structure

Expiration activity

Volume and IV
Expiry21 Aug 2026
Contracts38
Avg IV0.17
Put-call-
Expiry18 Sep 2026
Contracts52
Avg IV0.18
Put-call-
Expiry18 Dec 2026
Contracts50
Avg IV0.23
Put-call-
Expiry19 Mar 2027
Contracts44
Avg IV0.23
Put-call-

Skew

Call/put IV balance

OTM demand
21 Aug 2026Put IV premium
Call IV0.11
Put IV0.21
Skew0.10
18 Sep 2026Put IV premium
Call IV0.23
Put IV0.31
Skew0.08
18 Dec 2026Balanced skew
Call IV0.21
Put IV0.26
Skew0.05
19 Mar 2027Put IV premium
Call IV0.20
Put IV0.27
Skew0.07

Contract Tape

Most active contracts

Full contract tape
ContractCHCO270319C00125000
SideCall
Expiry19 Mar 2027
Strike125.00
Volume1
OI1
IV0.22
ContractCHCO261218C00125000
SideCall
Expiry18 Dec 2026
Strike125.00
Volume1
OI1
IV0.25
ContractCHCO270319C00135000
SideCall
Expiry19 Mar 2027
Strike135.00
Volume1
OI-
IV0.22
ContractCHCO260918C00125000
SideCall
Expiry18 Sep 2026
Strike125.00
Volume-
OI11
IV0.30
ContractCHCO260918C00120000
SideCall
Expiry18 Sep 2026
Strike120.00
Volume-
OI9
IV0.37
ContractCHCO260918C00135000
SideCall
Expiry18 Sep 2026
Strike135.00
Volume-
OI4
IV0.28
ContractCHCO261218C00135000
SideCall
Expiry18 Dec 2026
Strike135.00
Volume-
OI4
IV0.23
ContractCHCO261218P00105000
SidePut
Expiry18 Dec 2026
Strike105.00
Volume-
OI4
IV0.19