Primary read
Bearish
Put-side pressure
Ticker Options Intelligence
CRH options intelligence
CRH PLC ADR options pressure, expected move, strike concentration, and Sharemaestro trend context.
Conviction
60
Market data through 30 Jul 2026
Checked 31 Jul 2026 14:03 · complete available chain
Put-side pressure
Bearish pressure
CRH currently carries bearish options pressure with a 60/100 conviction score. The nearest-chain expected move is 6.1%, with volume/open-interest participation at 0.06.
Expected move
6.1%
Wider near-term move priced
Activity / OI
0.06
Current volume is quieter versus prior open interest
Put-call
4.75
Put-side skew
Trend fit
78
Options agree with trend context
Weekly backdrop
-4.9%
RS -23.0
Expected move
6.1%
Put-call volume
4.75
Volume / OI
0.06
Reference IV
0.21
Max pain
104.00
Underlying
99.87
Nearest expiry
31 Jul 2026
Contracts
994
Research Brief
CRH has a bearish chain read with 60/100 evidence alignment.
The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 93.79–105.95; The largest call open-interest concentration is 104.00; the largest put concentration is 105.00. The most active strike by current volume is 119.00.
Priced range93.79–105.95
Call concentration104.00
Put concentration105.00
Max pain reference104.00
- Price remains weak while put-side concentration persists.
- The current chain read already agrees with the stored weekly trend context.
- Price recovers while put pressure fades or reverses toward calls.
Priced Move
Where the chain says movement becomes exceptional
Options imply 93.79 to 105.95. Max pain at 104.00 sits inside that range, 4.1% above spot.
Spot
Max pain
93.7999.87 ± 6.08105.95
Confirmation level
A close beyond 105.95 or below 93.79 at the 31 Jul 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 60/100
Pressure is 64/100 toward puts; conviction uses its strength, while the signal label carries its direction.
Directional pressure64 × 42%
+26.7
How strongly activity leans toward calls or puts.
Participation41 × 22%
+9.1
Volume relative to existing open interest and contract-level activity.
Trend agreement78 × 26%
+20.2
How closely the chain read agrees with the underlying trend backdrop.
Volatility39 × 10%
+3.9
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 104.00; the largest put concentration is 105.00. The most active strike by current volume is 119.00. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.
Put open interestStrikeCall open interest
47
90.00-9.9%
1
73
91.00-8.9%
0
19
95.00-4.9%
0
139
96.00-3.9%
0
41
98.00-1.9%
3
80
100.000.1%
99
39
101.001.1%
42
2
102.002.1%
87
167
103.003.1%
16
69
104.004.1%
258
180
105.005.1%
246
10
106.006.1%
77
10
107.007.1%
49
0
109.009.1%
81
9
115.0015.1%
7
0
118.0018.2%
0
1
119.0019.2%
0
Nearest spot strike Max pain strikeBars show relative OI within this expiry
Volatility Curve
Back-loaded volatility
Longer-dated options carry more implied volatility than the front expiry, so risk is priced farther out.
0.21
31 Jul
1d
0.35
7 Aug
8d
0.36
14 Aug
15d
0.35
21 Aug
22d
0.36
28 Aug
29d
0.38
4 Sep
36d
0.39
11 Sep
43d
0.36
18 Sep
50d
Volatility by Strike
Upside optionality premium
Out-of-the-money calls carry higher implied volatility than comparable puts, indicating richer upside optionality.
80
82
84
86
88
90
92
94
96
98
100
101
103
105
107
109
111
113
115
117
119
Put IV Call IV
Historical Replay
How matured reads behaved through expiry
Forward validation is building. The earliest eligible stored read expires 31 Jul 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
Usable with limits
Retained chain100%
Implied volatility100%
Two-sided quotes100%
Open interest100%
- Chain status
- Complete available chain
- Market date
- 30 Jul 2026
- Calculation
- v2.0
- Contracts
- 994 / 994
- 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 pressure and weekly price action are both cautionary.
Earnings/event positioning matters because it connects the options headline to the actual evidence: $1.7M of estimated gross traded notional, puts · 0-7 days · itm, and a bearish flow confirms price backdrop. Use it as a research priority signal, then validate the chart, liquidity, event calendar, and risk before acting.
Options pressure-64
1W price-4.9%
Call premium11%
Put premium89%
Notional split
C 11% / P 89%
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
78/100
Agreement between options pressure and Sharemaestro market context.
Event window
5 Aug
Matched earnings event is 3 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 · 0-7 days · ITM
puts cluster with 363 contracts traded, $762400 estimated gross traded notional, and 45% of visible notional.
$762400
Puts · 8-21 days · ATM
puts cluster with 768 contracts traded, $403418 estimated gross traded notional, and 24% of visible notional.
$403418
Puts · 0-7 days · ATM
puts cluster with 465 contracts traded, $146150 estimated gross traded notional, and 9% of visible notional.
$146150
Puts · 91+ days · OTM
puts cluster with 277 contracts traded, $145610 estimated gross traded notional, and 9% of visible notional.
$145610
Calls · 91+ days · ITM
calls cluster with 79 contracts traded, $92760 estimated gross traded notional, and 5% of visible notional.
$92760
Setup Classification
Opportunity and risk frame
Positioning agrees with the Sharemaestro trend backdrop.
Expected move or upcoming earnings makes the setup more event-sensitive.
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
Close95.01
1W-4.9%
RS-23.0
Fair value+4.3%
Options pressure-64
Speculation41
Volatility39
Trend fit78
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 10:05
Bullish
Pressure 45
Move 6.0%
30 Jul 10:03
Volatility
Pressure -41
Move 5.3%
30 Jul 15:23
Mixed
Pressure 8
Move 4.5%
30 Jul 15:39
Mixed
Pressure -8
Move 4.5%
30 Jul 19:52
Mixed
Pressure 3
Move 4.7%
31 Jul 13:03
Bearish
Pressure -64
Move 6.1%
Strike Map
Where activity is clustering
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
Strike77.00
Calls · V 0 · OI 1
Puts · V 0 · OI 0
Strike78.00
Calls · V 0 · OI 1
Puts · V 0 · OI 0
Strike79.00
Calls · V 0 · OI 3
Puts · V 0 · OI 0
Strike80.00
Calls · V 0 · OI 4
Puts · V 0 · OI 0
Strike81.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Term Structure
Expiration activity
Expiry31 Jul 2026
Contracts128
Avg IV0.21
Put-call18.64
Expiry7 Aug 2026
Contracts116
Avg IV0.35
Put-call20.48
Expiry14 Aug 2026
Contracts130
Avg IV0.36
Put-call2.20
Expiry21 Aug 2026
Contracts96
Avg IV0.35
Put-call5.14
Expiry28 Aug 2026
Contracts90
Avg IV0.36
Put-call0.89
Skew
Call/put IV balance
31 Jul 2026Put IV premium
Call IV0.36
Put IV0.67
Skew0.31
7 Aug 2026Call IV premium
Call IV0.41
Put IV0.34
Skew-0.07
14 Aug 2026Call IV premium
Call IV0.42
Put IV0.34
Skew-0.09
21 Aug 2026Balanced skew
Call IV0.38
Put IV0.35
Skew-0.03
28 Aug 2026Balanced skew
Call IV0.38
Put IV0.40
Skew0.02
Contract Tape
Most active contracts
ContractCRH260821P00100000
SidePut
Expiry21 Aug 2026
Strike100.00
Volume756
OI1789
IV0.31
ContractCRH260807P00098000
SidePut
Expiry7 Aug 2026
Strike98.00
Volume250
OI250
IV0.34
ContractCRH260807P00099000
SidePut
Expiry7 Aug 2026
Strike99.00
Volume200
OI400
IV0.22
ContractCRH270115P00087500
SidePut
Expiry15 Jan 2027
Strike87.50
Volume200
OI113
IV0.38
ContractCRH260731P00119000
SidePut
Expiry31 Jul 2026
Strike119.00
Volume143
OI1
IV0.01
ContractCRH260731P00118000
SidePut
Expiry31 Jul 2026
Strike118.00
Volume140
OI-
IV0.01
ContractCRH260821C00100000
SideCall
Expiry21 Aug 2026
Strike100.00
Volume104
OI232
IV0.38
ContractCRH260821P00090000
SidePut
Expiry21 Aug 2026
Strike90.00
Volume93
OI1138
IV0.35
Research Graph
Related research and context
Sharemaestro research
Related News
No recent ticker-specific news yet.
Market Watch
No recent market-watch posts yet.
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.