Ticker Options Intelligence

CBAN options intelligence

Colony Bankcorp Inc. options pressure, expected move, strike concentration, and Sharemaestro trend context.

Conviction 66 Market data through 18 Sep 2026 Checked 18 Sep 2026 16:58 · partial chain

Volatility expansion watch

Volatility pressure

CBAN currently carries volatility options pressure with a 66/100 conviction score. The nearest-chain expected move is 10.1%, with volume/open-interest participation at 2.41.

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

Volatility expansion watch

Expected move 10.1%

Wider near-term move priced

Activity / OI 2.41

Current volume is elevated versus prior open interest

Put-call 0.00

Call-side skew

Trend fit 0

Options are not fully confirming trend

Weekly backdrop -3.5%

RS -0.6

Expected move 10.1%
Put-call volume 0.00
Volume / OI 2.41
Reference IV 1.93
Max pain 20.00
Underlying 21.46
Nearest expiry 18 Sep 2026
Contracts 14

Research Brief

CBAN has a volatility chain read with 66/100 evidence alignment.

The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 19.29–23.63; The largest call open-interest concentration is 22.50; the largest put concentration is 20.00. The most active strike by current volume is 22.50.

Priced range19.29–23.63
Call concentration22.50
Put concentration20.00
Max pain reference20.00
What would confirm it
  • A clear directional pressure reading develops and price begins to agree.
  • 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.
  • 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 18 Sep

Options imply 19.29 to 23.63. Max pain at 20.00 sits inside that range, 6.8% below spot.

Spot Max pain
19.2921.46 ± 2.1723.63
Confirmation level

A close beyond 23.63 or below 19.29 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 66/100

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.

Participation64 × 22%
+14.1

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.

Volatility96 × 10%
+9.6

The intensity of implied volatility and the priced move.

Reconstructed score65.7Matches 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 20.00. 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
7
20.00-6.8%
0
0
22.504.8%
2
Nearest spot strike Max pain strikeBars show relative OI within this expiry

Gamma Profile by Strike

Positive gamma proxy

Model-estimated 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+$5,233Delta change / 1% move
Positive peak20.00+$3,577
Negative peak17.50-$0
Nearest balance17.50Interpolated sign change
StrikeNegativePositiveNet / 1% move
17.50-18.5%
-$0
20.00-6.8%
+$3,577
22.504.8%
+$1,254
25.0016.5%
+$402
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

0.97× front/back

Near- and longer-dated implied volatility are broadly aligned; no exceptional front-expiry premium is visible.

1.93 18 Sep 0d
0.94 16 Oct 28d
1.98 15 Jan 119d

Volatility by Strike

Upside optionality premium

Nearest expiry, within 20% of spot

Out-of-the-money calls carry higher implied volatility than comparable puts, indicating richer upside optionality.

20
23
Put IV Call IV

Historical Replay

How matured reads behaved through expiry

21 matured · 8 directional

Across 8 stored directional transitions, the next stored price moved in the labelled direction 12% of the time.

Directional follow-through13%
Moves contained by pricing100%
Average expiry move2.9%
18 Sep Volatility · 66 -3.5% through expiry 10.1% priced · v2.0
16 Sep Mixed · 34 -3.5% through expiry 7.7% priced · v2.0
14 Sep Mixed · 35 -3.5% through expiry 9.9% priced · v2.0
10 Sep Mixed · 35 -4.8% through expiry 12.1% priced · v2.0
8 Sep Mixed · 33 -4.8% through expiry 8.4% priced · v2.0
3 Sep Bullish · 48 -3.0% through expiry 6.8% priced · v2.0
1 Sep Mixed · 33 -3.0% through expiry 14.4% priced · v2.0
31 Aug Volatility · 64 -3.0% through expiry 13.1% priced · v2.0
28 Aug Mixed · 33 -3.0% through expiry 12.8% priced · v2.0
24 Aug Bullish · 48 -3.6% through expiry 8.4% priced · v2.0
18 Aug Mixed · 35 -3.5% through expiry 8.2% priced · v2.0
14 Aug Mixed · 35 -3.5% through expiry 10.7% 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

Good

B79/100
Retained chain100%
Implied volatility100%
Two-sided quotes100%
Open interest100%
Chain status
Retained chain subset
Market date
18 Sep 2026
Calculation
v2.0
Contracts
14 / 14
  • 100% of provider contracts were retained for this snapshot.

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

Volatility expansion bet

92/100
Primary intent Volatility expansion bet

The strongest message is movement risk: expected move and implied volatility are carrying more signal than direction.

Flow vs price divergence Volatility flow versus price

Options are pricing movement more than direction; compare expected move with the stock's actual weekly change.

Why this matters

Volatility expansion bet matters because it connects the options headline to the actual evidence: $672,868 of estimated gross traded notional, calls · 91+ days · itm, and a volatility flow versus 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-3.5%
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 2.41 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 335 contracts traded, $652,670 estimated gross traded notional, and 97% of visible notional.
$652,670
Calls · 22-45 days · ITM calls cluster with 76 contracts traded, $17,802 estimated gross traded notional, and 3% of visible notional.
$17,802
Calls · 22-45 days · OTM calls cluster with 21 contracts traded, $2,030 estimated gross traded notional, and 0% of visible notional.
$2,030
Calls · 91+ days · OTM calls cluster with 2 contracts traded, $320 estimated gross traded notional, and 0% of visible notional.
$320
Puts · 22-45 days · OTM puts cluster with 1 contracts traded, $45 estimated gross traded notional, and 0% of visible notional.
$45

Setup Classification

Opportunity and risk frame

Context, not advice
Warning Speculative chase

Participation is active enough to treat follow-through risk carefully.

Warning Volatility expansion

The tape is pricing or displaying unusually elevated activity.

Warning Event-risk setup

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

Negative Options disagreement

Options positioning is not confirming the underlying trend context.

Activity Anomaly

High anomaly

98

Current options activity is unusually hot versus this ticker's stored history.

Baseline: 22 completed sessions

Volume rank100th
Volume/OI rank95th
IV rank100th

Market Context

Underlying confirmation

Sharemaestro weekly
Close20.71
1W-3.5%
RS-0.6
Fair value+34.3%
Options pressure100
Speculation64
Volatility96
Trend fit0

Today Versus Normal

Stored-options context

View history
Expected move 10.1% history building
30d avg - · 9/10 sessions -
90d avg - · 22/30 sessions -
180d avg - · 22/60 sessions -
IV 1.93 history building
30d avg - · 9/10 sessions -
90d avg - · 22/30 sessions -
180d avg - · 22/60 sessions -
Put-call 0.00 history building
30d avg - · 3/10 sessions -
90d avg - · 10/30 sessions -
180d avg - · 10/60 sessions -
Volume/OI 2.41 history building
30d avg - · 9/10 sessions -
90d avg - · 22/30 sessions -
180d avg - · 22/60 sessions -

Pressure Trail

Recent pressure and volatility

Open trail
29 Jul 11:28 Bullish
Pressure 100
Move 5.1%
29 Jul 23:19 Bullish
Pressure 100
Move 7.1%
30 Jul 03:43 Bullish
Pressure 100
Move 6.9%
31 Jul 10:13 Bullish
Pressure 100
Move 7.3%
1 Aug 07:56 Mixed
Pressure 12
Move 4.5%
3 Aug 02:56 Mixed
Pressure 12
Move 4.5%
4 Aug 06:13 Bullish
Pressure 100
Move 4.8%
5 Aug 10:42 Bullish
Pressure 100
Move 5.7%

Strike Map

Where activity is clustering

Full strike map
Strike20.00
Calls · V 0 · OI 0
Puts · V 0 · OI 7
Strike22.50
Calls · V 1 · OI 2
Puts · V 0 · OI 0

Term Structure

Expiration activity

Volume and IV
Expiry18 Sep 2026
Contracts2
Avg IV1.93
Put-call-
Expiry16 Oct 2026
Contracts6
Avg IV0.94
Put-call0.01
Expiry15 Jan 2027
Contracts6
Avg IV1.98
Put-call-

Skew

Call/put IV balance

OTM demand
18 Sep 2026Call IV premium
Call IV2.38
Put IV1.47
Skew-0.91
16 Oct 2026Call IV premium
Call IV0.80
Put IV0.71
Skew-0.09
15 Jan 2027Incomplete skew
Call IV0.69
Put IV-
Skew-

Contract Tape

Most active contracts

Full contract tape
ContractCBAN260918P00020000
SidePut
Expiry18 Sep 2026
Strike20.00
Volume-
OI7
IV1.47
ContractCBAN270115C00025000
SideCall
Expiry15 Jan 2027
Strike25.00
Volume-
OI2
IV0.82
ContractCBAN261016C00012500
SideCall
Expiry16 Oct 2026
Strike12.50
Volume-
OI-
IV1.87
ContractCBAN270115C00007500
SideCall
Expiry15 Jan 2027
Strike7.50
Volume-
OI-
IV2.07
ContractCBAN270115C00002500
SideCall
Expiry15 Jan 2027
Strike2.50
Volume332
OI-
IV4.75
ContractCBAN261016C00020000
SideCall
Expiry16 Oct 2026
Strike20.00
Volume75
OI127
IV0.89
ContractCBAN261016C00022500
SideCall
Expiry16 Oct 2026
Strike22.50
Volume20
OI27
IV0.80
ContractCBAN270115C00022500
SideCall
Expiry15 Jan 2027
Strike22.50
Volume2
OI4
IV0.69

Evidence context