Primary read
Volatility
Volatility expansion watch
Ticker Options Intelligence
ENTG options intelligence
Entegris Inc options pressure, expected move, strike concentration, and Sharemaestro trend context.
Conviction
46
Market data through 30 Jul 2026
Checked 30 Jul 2026 16:58 · complete available chain
Volatility expansion watch
Volatility pressure
ENTG currently carries volatility options pressure with a 46/100 conviction score. The nearest-chain expected move is 19.1%, with volume/open-interest participation at 0.08.
Expected move
19.1%
Wider near-term move priced
Activity / OI
0.08
Current volume is quieter versus prior open interest
Put-call
0.81
Balanced tape
Trend fit
76
Options agree with trend context
Weekly backdrop
-7.7%
RS -2.1
Expected move
19.1%
Put-call volume
0.81
Volume / OI
0.08
Reference IV
0.95
Max pain
130.00
Underlying
129.15
Nearest expiry
21 Aug 2026
Contracts
433
Research Brief
ENTG has a volatility chain read with 46/100 evidence alignment.
The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 104.45–153.85; The largest call open-interest concentration is 170.00; the largest put concentration is 115.00. The most active strike by current volume is 200.00.
Priced range104.45–153.85
Call concentration170.00
Put concentration115.00
Max pain reference130.00
- A clear directional pressure reading develops and price begins to agree.
- The current chain read already agrees with the stored weekly trend context.
- 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
Options imply 104.45 to 153.85. Max pain at 130.00 sits inside that range, 0.7% above spot.
Spot
Max pain
104.45129.15 ± 24.70153.85
Confirmation level
A close beyond 153.85 or below 104.45 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 46/100
Pressure is 17/100 toward calls; conviction uses its strength, while the signal label carries its direction.
Directional pressure17 × 42%
+7.3
How strongly activity leans toward calls or puts.
Participation42 × 22%
+9.2
Volume relative to existing open interest and contract-level activity.
Trend agreement76 × 26%
+19.9
How closely the chain read agrees with the underlying trend backdrop.
Volatility96 × 10%
+9.6
The intensity of implied volatility and the priced move.
Positioning by Strike
Where open interest and current activity concentrate
The largest call open-interest concentration is 170.00; the largest put concentration is 115.00. The most active strike by current volume is 200.00. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.
Put open interestStrikeCall open interest
434
60.00-53.5%
0
226
110.00-14.8%
318
682
115.00-11.0%
47
408
125.00-3.2%
106
349
130.000.7%
873
94
135.004.5%
215
175
140.008.4%
76
105
145.0012.3%
1851
265
150.0016.1%
903
66
155.0020.0%
1423
367
160.0023.9%
711
5
170.0031.6%
2172
89
175.0035.5%
455
116
180.0039.4%
1012
100
200.0054.9%
414
3
210.0062.6%
369
0
220.0070.3%
663
Nearest spot strike Max pain strikeBars show relative OI within this expiry
Volatility Curve
Front-loaded volatility
Near-term options are materially richer than later expirations, consistent with concentrated event or immediate-risk pricing.
0.95
21 Aug
22d
0.88
18 Sep
50d
0.87
20 Nov
113d
0.88
15 Jan
169d
0.90
19 Feb
204d
0.75
17 Dec
505d
0.82
21 Jan
540d
Volatility by Strike
Downside protection premium
Out-of-the-money puts carry higher implied volatility than comparable calls, indicating richer downside protection.
105
110
115
120
125
130
135
140
145
150
Put IV Call IV
Historical Replay
How matured reads behaved through expiry
No independently verifiable option-expiry outcomes have matured yet. Legacy snapshots without a point-in-time market reference and repeated same-session snapshots are deliberately excluded.
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
Usable with limits
Retained chain100%
Implied volatility100%
Two-sided quotes100%
Open interest100%
- Chain status
- Complete available chain
- Market date
- 30 Jul 2026
- Calculation
- v1.x legacy
- Contracts
- 433 / 433
- 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
Options activity is concentrated around a live event window, so the cleanest read is event positioning rather than pure direction.
Options are pricing movement more than direction; compare expected move with the stock's actual weekly change.
Earnings/event positioning matters because it connects the options headline to the actual evidence: $4.9M of estimated gross traded notional, puts · 22-45 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+17
1W price-7.7%
Call premium38%
Put premium62%
Notional split
C 38% / P 62%
Estimated gross traded notional uses volume × contract multiplier × midpoint, or last price when no valid midpoint is available.
Freshness
0.08
Volume divided by open interest across the visible chain.
Trend fit
76/100
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.
Puts · 22-45 days · ITM
puts cluster with 169 contracts traded, $1.4M estimated gross traded notional, and 28% of visible notional.
$1.4M
Calls · 91+ days · ITM
calls cluster with 212 contracts traded, $943326 estimated gross traded notional, and 19% of visible notional.
$943326
Puts · 91+ days · ITM
puts cluster with 109 contracts traded, $771933 estimated gross traded notional, and 16% of visible notional.
$771933
Calls · 91+ days · OTM
calls cluster with 500 contracts traded, $658138 estimated gross traded notional, and 13% of visible notional.
$658138
Puts · 91+ days · OTM
puts cluster with 455 contracts traded, $568712 estimated gross traded notional, and 12% of visible notional.
$568712
Setup Classification
Opportunity and risk frame
Positioning agrees with the Sharemaestro trend backdrop.
The tape is pricing or displaying unusually elevated activity.
Expected move or upcoming earnings makes the setup more event-sensitive.
Underlying price is close to the max-pain zone.
Activity Anomaly
Warming up
2 of 10 completed market sessions are available. More session history is needed before activity can be compared with a reliable normal.
Baseline: 2 completed sessions
Volume rank-
Volume/OI rank-
IV rank-
Market Context
Underlying confirmation
Close119.05
1W-7.7%
RS-2.1
Fair value+10.0%
Options pressure17
Speculation42
Volatility96
Trend fit76
Today Versus Normal
Stored-options context
30d avg - · 2/10 sessions
-
90d avg - · 2/30 sessions
-
180d avg - · 2/60 sessions
-
30d avg - · 2/10 sessions
-
90d avg - · 2/30 sessions
-
180d avg - · 2/60 sessions
-
30d avg - · 2/10 sessions
-
90d avg - · 2/30 sessions
-
180d avg - · 2/60 sessions
-
30d avg - · 2/10 sessions
-
90d avg - · 2/30 sessions
-
180d avg - · 2/60 sessions
-
Pressure Trail
Recent pressure and volatility
29 Jul 10:18
Volatility
Pressure 26
Move 21.2%
30 Jul 10:13
Volatility
Pressure 44
Move 23.1%
30 Jul 15:58
Volatility
Pressure 17
Move 19.1%
Strike Map
Where activity is clustering
Strike45.00
Calls · V 0 · OI 0
Puts · V 1 · OI 12
Strike47.50
Calls · V 0 · OI 0
Puts · V 1 · OI 3
Strike50.00
Calls · V 0 · OI 0
Puts · V 1 · OI 5
Strike55.00
Calls · V 0 · OI 0
Puts · V 1 · OI 16
Strike60.00
Calls · V 0 · OI 0
Puts · V 132 · OI 434
Strike65.00
Calls · V 0 · OI 0
Puts · V 20 · OI 29
Strike70.00
Calls · V 0 · OI 0
Puts · V 1 · OI 43
Strike75.00
Calls · V 0 · OI 0
Puts · V 11 · OI 44
Term Structure
Expiration activity
Expiry21 Aug 2026
Contracts74
Avg IV0.95
Put-call0.77
Expiry18 Sep 2026
Contracts45
Avg IV0.88
Put-call1.30
Expiry20 Nov 2026
Contracts55
Avg IV0.87
Put-call0.89
Expiry15 Jan 2027
Contracts94
Avg IV0.88
Put-call0.90
Expiry19 Feb 2027
Contracts44
Avg IV0.90
Put-call0.43
Skew
Call/put IV balance
21 Aug 2026Balanced skew
Call IV0.95
Put IV0.94
Skew-0.01
18 Sep 2026Balanced skew
Call IV0.88
Put IV0.89
Skew0.01
20 Nov 2026Balanced skew
Call IV0.89
Put IV0.85
Skew-0.04
15 Jan 2027Call IV premium
Call IV0.86
Put IV0.80
Skew-0.05
19 Feb 2027Call IV premium
Call IV0.88
Put IV0.81
Skew-0.07
Contract Tape
Most active contracts
ContractENTG260918C00210000
SideCall
Expiry18 Sep 2026
Strike210.00
Volume-
OI205
IV0.95
ContractENTG260918C00230000
SideCall
Expiry18 Sep 2026
Strike230.00
Volume-
OI151
IV1.04
ContractENTG261120P00185000
SidePut
Expiry20 Nov 2026
Strike185.00
Volume-
OI150
IV0.00
ContractENTG270115P00155000
SidePut
Expiry15 Jan 2027
Strike155.00
Volume-
OI150
IV0.77
ContractENTG280121P00087500
SidePut
Expiry21 Jan 2028
Strike87.50
Volume-
OI141
IV0.54
ContractENTG260918P00240000
SidePut
Expiry18 Sep 2026
Strike240.00
Volume-
OI74
IV0.00
ContractENTG260821P00230000
SidePut
Expiry21 Aug 2026
Strike230.00
Volume-
OI32
IV0.00
ContractENTG270219P00190000
SidePut
Expiry19 Feb 2027
Strike190.00
Volume-
OI14
IV0.75
Research Graph
Related research and context
Sharemaestro research
Related News
Market Watch
Entegris Inc (ENTG) jumps 18.8% in latest weekly move26 Jun 2026 10:09
Entegris Inc (ENTG) stretches its semiconductor-materials rebound to 57.5% over twelve weeks25 Jun 2026 06:00
Entegris Inc (ENTG) closes at $178.77 after 18.8% weekly rise24 Jun 2026 11:00
Entegris Inc (ENTG) surges 18.8% as chip-supply rally accelerates23 Jun 2026 06:00
Entegris Inc (ENTG) closes at $178.77 after 57.5% twelve-week run22 Jun 2026 06:45
Entegris Inc (ENTG) posts a sharp weekly advance in semiconductor materials19 Jun 2026 17:52
Earnings
Plain English Guide
Options context
What usually looks constructive
What usually looks cautious
Options can move quickly and can lose value fast. Treat this as research context, not a buy or sell instruction.