Ticker Options Intelligence

WASH options intelligence

Washington Trust Bancorp Inc options pressure, expected move, strike concentration, and Sharemaestro trend context.

Conviction 48 Market data through 12 Aug 2026 Checked 13 Aug 2026 13:40 · complete available chain

Call-side pressure

Bullish pressure

WASH currently carries bullish options pressure with a 48/100 conviction score. The nearest-chain expected move is 4.9%, with volume/open-interest participation at 0.04.

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

Call-side pressure

Expected move 4.9%

Near-term move context

Activity / OI 0.04

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 -0.3%

RS 8.8

Expected move 4.9%
Put-call volume -
Volume / OI 0.04
Reference IV 0.45
Max pain 35.00
Underlying 38.85
Nearest expiry 21 Aug 2026
Contracts 70

Research Brief

WASH has a bullish chain read with 48/100 evidence alignment.

The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 36.95–40.75; The largest call open-interest concentration is 40.00; the largest put concentration is 35.00. The most active strike by current volume is 40.00.

Priced range36.95–40.75
Call concentration40.00
Put concentration35.00
Max pain reference35.00
What would confirm it
  • Price holds or improves while call-side concentration remains elevated.
  • Participation is above the ticker's stored normal, which makes the read more noteworthy.
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.
  • 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 36.95 to 40.75. Max pain at 35.00 lies outside the priced range, so it is a weak near-term anchor.

Spot Max pain
36.9538.85 ± 1.9040.75
Confirmation level

A close beyond 40.75 or below 36.95 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 48/100

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.

Participation2 × 22%
+0.5

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.

Volatility51 × 10%
+5.1

The intensity of implied volatility and the priced move.

Reconstructed score47.6Matches stored calculation

Positioning by Strike

Where open interest and current activity concentrate

Full strike map

The largest call open-interest concentration is 40.00; the largest put concentration is 35.00. The most active strike by current volume is 40.00. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.

Put open interestStrikeCall open interest
0
20.00-48.5%
0
0
22.50-42.1%
0
0
25.00-35.6%
0
0
30.00-22.8%
0
23
35.00-9.9%
9
0
40.003.0%
190
0
45.0015.8%
33
0
50.0028.7%
3
Nearest spot strike Max pain strikeBars show relative OI within this expiry

Gamma Profile by Strike

Positive gamma proxy

Reported Greeks · 93% 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+$76,747Delta change / 1% move
Positive peak40.00+$73,545
Negative peak30.00-$53
Nearest balance30.11Interpolated sign change
StrikeNegativePositiveNet / 1% move
20.00-48.5%
-$11
22.50-42.1%
-$6
25.00-35.6%
+$14
30.00-22.8%
-$53
35.00-9.9%
+$2,453
40.003.0%
+$73,545
45.0015.8%
+$779
50.0028.7%
+$26
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

2.11× front/back

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

0.45 21 Aug 9d
0.29 18 Sep 37d
0.31 18 Dec 128d
0.21 19 Mar 219d

Volatility by Strike

Balanced wings

Nearest expiry, within 20% of spot

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

35
40
45
Put IV Call IV

Historical Replay

How matured reads behaved through expiry

0 matured · 0 directional

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

C69/100
Retained chain100%
Implied volatility100%
Two-sided quotes100%
Open interest100%
Chain status
Complete available chain
Market date
12 Aug 2026
Calculation
v2.0
Contracts
70 / 70
  • 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

Multi-expiry position-maintenance candidate

51/100
Primary intent Multi-expiry position-maintenance candidate

Activity is spread across expirations with heavier open interest than current volume, which can be consistent with position maintenance.

Flow vs price divergence Bullish flow before price confirmation

Call-side pressure is building before a meaningful weekly price response.

Why this matters

Multi-expiry position-maintenance candidate matters because it connects the options headline to the actual evidence: $6,340 of estimated gross traded notional, calls · 22-45 days · itm, and a bullish flow before price confirmation backdrop. Use it as a research priority signal, then validate the chart, liquidity, event calendar, and risk before acting.

Options pressure+100
1W price-0.3%
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 0.04 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. Roll detection is conservative because opening and closing legs are not directly observable in this snapshot.
Conviction clusters Calls · 22-45 days · ITM
Calls · 22-45 days · ITM calls cluster with 6 contracts traded, $5,460 estimated gross traded notional, and 86% of visible notional.
$5,460
Calls · 8-21 days · OTM calls cluster with 16 contracts traded, $880 estimated gross traded notional, and 14% of visible notional.
$880

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

Above normal

73

Activity is running above the recent historical baseline.

Baseline: 10 completed sessions

Volume rank70th
Volume/OI rank70th
IV rank80th

Market Context

Underlying confirmation

Sharemaestro weekly
Close38.85
1W-0.3%
RS8.8
Fair value+41.1%
Options pressure100
Speculation2
Volatility51
Trend fit0

Today Versus Normal

Stored-options context

View history
Expected move 4.9% muted
30d avg 7.4% · 10 sessions 0th
90d avg - · 10/30 sessions -
180d avg - · 10/60 sessions -
IV 0.45 elevated
30d avg 0.41 · 10 sessions 80th
90d avg - · 10/30 sessions -
180d avg - · 10/60 sessions -
Put-call 0.00 history building
30d avg - · 9/10 sessions -
90d avg - · 9/30 sessions -
180d avg - · 9/60 sessions -
Volume/OI 0.04 near normal
30d avg 0.05 · 10 sessions 70th
90d avg - · 10/30 sessions -
180d avg - · 10/60 sessions -

Pressure Trail

Recent pressure and volatility

Open trail
29 Jul 11:21 Bullish
Pressure 100
Move 8.3%
30 Jul 11:09 Bullish
Pressure 100
Move 5.9%
31 Jul 10:44 Bullish
Pressure 100
Move 5.5%
3 Aug 00:16 Bullish
Pressure 100
Move 6.7%
4 Aug 10:50 Bullish
Pressure 100
Move 4.9%
4 Aug 13:44 Bullish
Pressure 94
Move 10.0%
4 Aug 19:56 Volatility
Pressure 67
Move 12.8%
4 Aug 20:41 Volatility
Pressure 68
Move 14.8%

Strike Map

Where activity is clustering

Full strike map
Strike20.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
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 9
Puts · V 0 · OI 23
Strike40.00
Calls · V 16 · OI 190
Puts · V 0 · OI 0
Strike45.00
Calls · V 0 · OI 33
Puts · V 0 · OI 0
Strike50.00
Calls · V 0 · OI 3
Puts · V 0 · OI 0

Term Structure

Expiration activity

Volume and IV
Expiry21 Aug 2026
Contracts16
Avg IV0.45
Put-call-
Expiry18 Sep 2026
Contracts20
Avg IV0.29
Put-call-
Expiry18 Dec 2026
Contracts18
Avg IV0.31
Put-call-
Expiry19 Mar 2027
Contracts16
Avg IV0.21
Put-call-

Skew

Call/put IV balance

OTM demand
21 Aug 2026Balanced skew
Call IV0.34
Put IV0.35
Skew0.01
18 Sep 2026Put IV premium
Call IV0.24
Put IV0.52
Skew0.28
18 Dec 2026Put IV premium
Call IV0.09
Put IV0.52
Skew0.43
19 Mar 2027Put IV premium
Call IV0.06
Put IV0.32
Skew0.25

Contract Tape

Most active contracts

Full contract tape
ContractWASH260821C00040000
SideCall
Expiry21 Aug 2026
Strike40.00
Volume16
OI190
IV0.34
ContractWASH260918C00030000
SideCall
Expiry18 Sep 2026
Strike30.00
Volume6
OI37
IV0.01
ContractWASH260918C00040000
SideCall
Expiry18 Sep 2026
Strike40.00
Volume-
OI73
IV0.24
ContractWASH261218C00040000
SideCall
Expiry18 Dec 2026
Strike40.00
Volume-
OI54
IV0.24
ContractWASH260821C00045000
SideCall
Expiry21 Aug 2026
Strike45.00
Volume-
OI33
IV0.38
ContractWASH261218C00035000
SideCall
Expiry18 Dec 2026
Strike35.00
Volume-
OI31
IV0.28
ContractWASH260918C00035000
SideCall
Expiry18 Sep 2026
Strike35.00
Volume-
OI29
IV0.53
ContractWASH260821P00035000
SidePut
Expiry21 Aug 2026
Strike35.00
Volume-
OI23
IV0.35

Evidence context