Ticker Options Intelligence

PNW options intelligence

Pinnacle West Capital Corp options pressure, expected move, strike concentration, and Sharemaestro trend context.

Conviction 36 Market data through 31 Jul 2026 Checked 1 Aug 2026 08:01 · complete available chain

Call-side pressure

Bullish pressure

PNW currently carries bullish options pressure with a 36/100 conviction score. The nearest-chain expected move is 7.9%, with volume/open-interest participation at 0.01.

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

Call-side pressure

Expected move 7.9%

Wider near-term move priced

Activity / OI 0.01

Current volume is quieter versus prior open interest

Put-call 0.63

Call-side skew

Trend fit 60

Options agree with trend context

Weekly backdrop -4.8%

RS -2.0

Expected move 7.9%
Put-call volume 0.63
Volume / OI 0.01
Reference IV 0.28
Max pain 100.00
Underlying 106.06
Nearest expiry 21 Aug 2026
Contracts 218

Research Brief

PNW has a bullish chain read with 36/100 evidence alignment.

The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 97.66–114.46; The largest call open-interest concentration is 110.00; the largest put concentration is 85.00. The most active strike by current volume is 100.00.

Priced range97.66–114.46
Call concentration110.00
Put concentration85.00
Max pain reference100.00
What would confirm it
  • Price holds or improves while call-side concentration remains elevated.
  • The current chain read already agrees with the stored weekly trend context.
What would weaken it
  • Price weakens while call pressure fades or reverses toward puts.
  • 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 97.66 to 114.46. Max pain at 100.00 sits inside that range, 5.7% below spot.

Spot Max pain
97.66106.06 ± 8.40114.46
Confirmation level

A close beyond 114.46 or below 97.66 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 36/100

Evidence alignment, not probability

Pressure is 32/100 toward calls; conviction uses its strength, while the signal label carries its direction.

Directional pressure32 × 42%
+13.4

How strongly activity leans toward calls or puts.

Participation10 × 22%
+2.1

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

Trend agreement60 × 26%
+15.7

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 score36.4Matches stored calculation

Positioning by Strike

Where open interest and current activity concentrate

Full strike map

The largest call open-interest concentration is 110.00; the largest put concentration is 85.00. The most active strike by current volume is 100.00. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.

Put open interestStrikeCall open interest
0
55.00-48.1%
0
2
60.00-43.4%
0
0
65.00-38.7%
0
0
70.00-34.0%
0
0
75.00-29.3%
0
0
80.00-24.6%
0
43
85.00-19.9%
0
2
90.00-15.1%
0
3
95.00-10.4%
1
11
100.00-5.7%
11
2
105.00-1.0%
27
0
110.003.7%
306
0
115.008.4%
35
0
120.0013.1%
3
0
125.0017.9%
0
0
130.0022.6%
0
0
155.0046.1%
4
Nearest spot strike Max pain strikeBars show relative OI within this expiry

Volatility Curve

Front-loaded volatility

1.24× front/back

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

0.28 21 Aug 21d
0.23 18 Sep 49d
0.24 16 Oct 77d
0.22 18 Dec 140d
0.23 15 Jan 168d

Volatility by Strike

Balanced wings

Nearest expiry, within 20% of spot

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

85
90
95
100
105
110
115
120
125
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
218 / 218
  • 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

74/100
Primary intent Earnings/event positioning

Options activity is concentrated around a live event window, so the cleanest read is event positioning rather than pure direction.

Flow vs price divergence Bullish flow against weak price

Options are leaning call-side while the stock is down on the week, a divergence that needs price confirmation.

Why this matters

Earnings/event positioning matters because it connects the options headline to the actual evidence: $14392 of estimated gross traded notional, puts · 91+ days · otm, and a bullish flow against weak price backdrop. Use it as a research priority signal, then validate the chart, liquidity, event calendar, and risk before acting.

Options pressure+32
1W price-4.8%
Call premium68%
Put premium32%
Notional split C 68% / P 32% 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 60/100 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.
Conviction clusters Puts · 91+ days · OTM
Puts · 91+ days · OTM puts cluster with 11 contracts traded, $4555 estimated gross traded notional, and 32% of visible notional.
$4555
Calls · 8-21 days · ITM calls cluster with 13 contracts traded, $3802 estimated gross traded notional, and 26% of visible notional.
$3802
Calls · 46-90 days · ITM calls cluster with 3 contracts traded, $3270 estimated gross traded notional, and 23% of visible notional.
$3270
Calls · 91+ days · ITM calls cluster with 2 contracts traded, $2630 estimated gross traded notional, and 18% of visible notional.
$2630
Puts · 46-90 days · OTM puts cluster with 1 contracts traded, $110 estimated gross traded notional, and 1% of visible notional.
$110

Setup Classification

Opportunity and risk frame

Context, not advice
Warning Event-risk setup

Expected move or upcoming earnings makes the setup more event-sensitive.

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
Close100.99
1W-4.8%
RS-2.0
Fair value+22.3%
Options pressure32
Speculation10
Volatility51
Trend fit60

Today Versus Normal

Stored-options context

View history
Expected move 7.9% history building
30d avg - · 3/10 sessions -
90d avg - · 3/30 sessions -
180d avg - · 3/60 sessions -
IV 0.28 history building
30d avg - · 3/10 sessions -
90d avg - · 3/30 sessions -
180d avg - · 3/60 sessions -
Put-call 0.63 history building
30d avg - · 3/10 sessions -
90d avg - · 3/30 sessions -
180d avg - · 3/60 sessions -
Volume/OI 0.01 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 10:25 Bullish
Pressure 93
Move 5.0%
30 Jul 07:47 Mixed
Pressure -8
Move 5.4%
31 Jul 03:56 Mixed
Pressure 14
Move 7.5%
31 Jul 18:24 Bullish
Pressure 30
Move 7.8%
1 Aug 07:01 Bullish
Pressure 32
Move 7.9%

Strike Map

Where activity is clustering

Full strike map
Strike55.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike60.00
Calls · V 0 · OI 0
Puts · V 0 · OI 2
Strike65.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike70.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike75.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike80.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike85.00
Calls · V 0 · OI 0
Puts · V 0 · OI 43
Strike90.00
Calls · V 0 · OI 0
Puts · V 0 · OI 2

Term Structure

Expiration activity

Volume and IV
Expiry21 Aug 2026
Contracts42
Avg IV0.28
Put-call-
Expiry18 Sep 2026
Contracts44
Avg IV0.23
Put-call-
Expiry16 Oct 2026
Contracts40
Avg IV0.24
Put-call-
Expiry18 Dec 2026
Contracts48
Avg IV0.22
Put-call-
Expiry15 Jan 2027
Contracts44
Avg IV0.23
Put-call3.00

Skew

Call/put IV balance

OTM demand
21 Aug 2026Put IV premium
Call IV0.14
Put IV0.38
Skew0.23
18 Sep 2026Put IV premium
Call IV0.09
Put IV0.27
Skew0.18
16 Oct 2026Balanced skew
Call IV0.25
Put IV0.27
Skew0.02
18 Dec 2026Put IV premium
Call IV0.18
Put IV0.26
Skew0.08
15 Jan 2027Put IV premium
Call IV0.21
Put IV0.28
Skew0.07

Contract Tape

Most active contracts

Full contract tape
ContractPNW260821C00100000
SideCall
Expiry21 Aug 2026
Strike100.00
Volume13
OI11
IV0.24
ContractPNW270115P00100000
SidePut
Expiry15 Jan 2027
Strike100.00
Volume6
OI11
IV0.26
ContractPNW261218P00090000
SidePut
Expiry18 Dec 2026
Strike90.00
Volume5
OI26
IV0.28
ContractPNW270115C00090000
SideCall
Expiry15 Jan 2027
Strike90.00
Volume2
OI8
IV0.17
ContractPNW261016C00090000
SideCall
Expiry16 Oct 2026
Strike90.00
Volume2
OI6
IV0.24
ContractPNW260821C00110000
SideCall
Expiry21 Aug 2026
Strike110.00
Volume1
OI306
IV0.14
ContractPNW260918P00090000
SidePut
Expiry18 Sep 2026
Strike90.00
Volume1
OI46
IV0.35
ContractPNW261016C00095000
SideCall
Expiry16 Oct 2026
Strike95.00
Volume1
OI9
IV0.21