Ticker Options Intelligence

LNZA options intelligence

LanzaTech Global Inc. options pressure, expected move, strike concentration, and Sharemaestro trend context.

Conviction 62 Market data through 11 Aug 2026 Checked 12 Aug 2026 13:22 · complete available chain

Volatility expansion watch

Volatility pressure

LNZA currently carries volatility options pressure with a 62/100 conviction score. The nearest-chain expected move is 93.0%, with volume/open-interest participation at 0.02.

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

Volatility expansion watch

Expected move 93.0%

Wider near-term move priced

Activity / OI 0.02

Current volume is quieter versus prior open interest

Put-call 4.00

Put-side skew

Trend fit 79

Options agree with trend context

Weekly backdrop +13.9%

RS -64.4

Expected move 93.0%
Put-call volume 4.00
Volume / OI 0.02
Reference IV 4.09
Max pain 5.00
Underlying 6.29
Nearest expiry 21 Aug 2026
Contracts 36

Research Brief

LNZA has a volatility chain read with 62/100 evidence alignment.

The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 0.44–12.14; The largest call open-interest concentration is 10.00; the largest put concentration is 2.50. The most active strike by current volume is 5.00.

Priced range0.44–12.14
Call concentration10.00
Put concentration2.50
Max pain reference5.00
What would confirm it
  • A clear directional pressure reading develops and price begins to agree.
  • The current chain read already agrees with the stored weekly trend context.
What would weaken it
  • 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

Size, not direction · through 21 Aug

Options imply 0.44 to 12.14. Max pain at 5.00 sits inside that range, 20.5% below spot.

Spot Max pain
0.446.29 ± 5.8512.14
Confirmation level

A close beyond 12.14 or below 0.44 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 62/100

Evidence alignment, not probability

Pressure is 72/100 toward puts; conviction uses its strength, while the signal label carries its direction.

Directional pressure72 × 42%
+30.2

How strongly activity leans toward calls or puts.

Participation5 × 22%
+1.1

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

Trend agreement79 × 26%
+20.7

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 score61.6Matches stored calculation

Positioning by Strike

Where open interest and current activity concentrate

Full strike map

The largest call open-interest concentration is 10.00; the largest put concentration is 2.50. The most active strike by current volume is 5.00. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.

Put open interestStrikeCall open interest
205
2.50-60.3%
0
7
5.00-20.5%
0
0
7.5019.2%
4
0
10.0059.0%
20
Nearest spot strike Max pain strikeBars show relative OI within this expiry

Gamma Profile by Strike

Balanced gamma proxy

Reported Greeks · 88% coverage

Call- and put-side gamma sensitivity is broadly balanced across the retained chain. Individual strike concentrations may still matter more than the chain-wide net.

Net profile-$5Delta change / 1% move
Positive peak10.00+$29
Negative peak2.50-$44
Nearest balance5.83Interpolated sign change
StrikeNegativePositiveNet / 1% move
2.50-60.3%
-$44
5.00-20.5%
-$10
7.5019.2%
+$21
10.0059.0%
+$29
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

3.36× front/back

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

4.09 21 Aug 10d
1.94 18 Sep 38d
1.51 16 Oct 66d
1.22 15 Jan 157d

Volatility by Strike

Smile incomplete

Nearest expiry, within 20% of spot

There is not enough comparable OTM call and put volatility to classify the smile.

8
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
11 Aug 2026
Calculation
v2.0
Contracts
36 / 36
  • 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

95/100
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 Volatility flow versus price

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

Why this matters

Earnings/event positioning matters because it connects the options headline to the actual evidence: $372 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-72
1W price+13.9%
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 0.02 Volume divided by open interest across the visible chain.
Trend fit 79/100 Agreement between options pressure and Sharemaestro market context.
Event window 14 Aug Matched earnings event is 1 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 Calls · 91+ days · ITM
Calls · 91+ days · ITM calls cluster with 1 contracts traded, $252 estimated gross traded notional, and 68% of visible notional.
$252
Puts · 8-21 days · OTM puts cluster with 4 contracts traded, $120 estimated gross traded notional, and 32% of visible notional.
$120

Setup Classification

Opportunity and risk frame

Context, not advice
Positive Options-confirmed trend

Positioning agrees with the Sharemaestro trend backdrop.

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.

Activity Anomaly

Warming up

-

9 of 10 completed market sessions are available. More session history is needed before activity can be compared with a reliable normal.

Baseline: 9 completed sessions

Volume rank-
Volume/OI rank-
IV rank-

Market Context

Underlying confirmation

Sharemaestro weekly
Close6.29
1W+13.9%
RS-64.4
Fair value-96.1%
Options pressure-72
Speculation5
Volatility96
Trend fit79

Today Versus Normal

Stored-options context

View history
Expected move 93.0% history building
30d avg - · 9/10 sessions -
90d avg - · 9/30 sessions -
180d avg - · 9/60 sessions -
IV 4.09 history building
30d avg - · 9/10 sessions -
90d avg - · 9/30 sessions -
180d avg - · 9/60 sessions -
Put-call 4.00 history building
30d avg - · 5/10 sessions -
90d avg - · 5/30 sessions -
180d avg - · 5/60 sessions -
Volume/OI 0.02 history building
30d avg - · 9/10 sessions -
90d avg - · 9/30 sessions -
180d avg - · 9/60 sessions -

Pressure Trail

Recent pressure and volatility

Open trail
29 Jul 11:47 Mixed
Pressure -12
Move 69.8%
30 Jul 11:24 Volatility
Pressure -100
Move 69.4%
30 Jul 15:08 Bearish
Pressure -20
Move 63.7%
30 Jul 15:32 Mixed
Pressure -17
Move 63.8%
31 Jul 05:58 Volatility
Pressure 88
Move 70.2%
1 Aug 07:33 Mixed
Pressure -12
Move 69.7%
3 Aug 12:38 Mixed
Pressure -12
Move 69.7%
4 Aug 11:04 Volatility
Pressure 88
Move 42.6%

Strike Map

Where activity is clustering

Full strike map
Strike2.50
Calls · V 0 · OI 0
Puts · V 0 · OI 205
Strike5.00
Calls · V 0 · OI 0
Puts · V 4 · OI 7
Strike7.50
Calls · V 0 · OI 4
Puts · V 0 · OI 0
Strike10.00
Calls · V 0 · OI 20
Puts · V 0 · OI 0

Term Structure

Expiration activity

Volume and IV
Expiry21 Aug 2026
Contracts8
Avg IV4.09
Put-call-
Expiry18 Sep 2026
Contracts8
Avg IV1.94
Put-call-
Expiry16 Oct 2026
Contracts10
Avg IV1.51
Put-call-
Expiry15 Jan 2027
Contracts10
Avg IV1.22
Put-call-

Skew

Call/put IV balance

OTM demand
21 Aug 2026Put IV premium
Call IV0.62
Put IV2.07
Skew1.45
18 Sep 2026Put IV premium
Call IV0.32
Put IV0.39
Skew0.07
16 Oct 2026Put IV premium
Call IV0.24
Put IV0.30
Skew0.06
15 Jan 2027Balanced skew
Call IV0.15
Put IV0.20
Skew0.05

Contract Tape

Most active contracts

Full contract tape
ContractLNZA260821P00005000
SidePut
Expiry21 Aug 2026
Strike5.00
Volume4
OI7
IV2.07
ContractLNZA270115C00005000
SideCall
Expiry15 Jan 2027
Strike5.00
Volume1
OI5
IV1.27
ContractLNZA260821P00002500
SidePut
Expiry21 Aug 2026
Strike2.50
Volume-
OI205
IV2.59
ContractLNZA270115C00002500
SideCall
Expiry15 Jan 2027
Strike2.50
Volume-
OI36
IV1.34
ContractLNZA260821C00010000
SideCall
Expiry21 Aug 2026
Strike10.00
Volume-
OI20
IV1.33
ContractLNZA261016C00005000
SideCall
Expiry16 Oct 2026
Strike5.00
Volume-
OI4
IV1.25
ContractLNZA260821C00007500
SideCall
Expiry21 Aug 2026
Strike7.50
Volume-
OI4
IV0.62
ContractLNZA261016C00002500
SideCall
Expiry16 Oct 2026
Strike2.50
Volume-
OI3
IV0.01

Evidence context