Ticker Options Intelligence

ARRY options intelligence

Array Technologies Inc options pressure, expected move, strike concentration, and Sharemaestro trend context.

Conviction 33 Market data through 31 Jul 2026 Checked 1 Aug 2026 02:59 · complete available chain

Call-side pressure

Bullish pressure

ARRY currently carries bullish options pressure with a 33/100 conviction score. The nearest-chain expected move is 22.1%, 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 Bullish

Call-side pressure

Expected move 22.1%

Wider near-term move priced

Activity / OI 0.02

Current volume is quieter versus prior open interest

Put-call 0.48

Call-side skew

Trend fit 19

Options are not fully confirming trend

Weekly backdrop -1.9%

RS -42.5

Expected move 22.1%
Put-call volume 0.48
Volume / OI 0.02
Reference IV 1.17
Max pain 8.00
Underlying 5.32
Nearest expiry 21 Aug 2026
Contracts 192

Research Brief

ARRY has a bullish chain read with 33/100 evidence alignment.

The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 4.14–6.50; The largest call open-interest concentration is 9.00; the largest put concentration is 9.00. The most active strike by current volume is 5.00.

Priced range4.14–6.50
Call concentration9.00
Put concentration9.00
Max pain reference8.00
What would confirm it
  • Price holds or improves while call-side concentration remains elevated.
What would weaken it
  • Price weakens while call pressure fades or reverses toward puts.
  • Options and the weekly trend are not yet giving the same message.
  • 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 4.14 to 6.50. Max pain at 8.00 lies outside the priced range, so it is a weak near-term anchor.

Spot Max pain
4.145.32 ± 1.186.50
Confirmation level

A close beyond 6.50 or below 4.14 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 33/100

Evidence alignment, not probability

Pressure is 40/100 toward calls; conviction uses its strength, while the signal label carries its direction.

Directional pressure40 × 42%
+16.8

How strongly activity leans toward calls or puts.

Participation8 × 22%
+1.8

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

Trend agreement19 × 26%
+4.9

How closely the chain read agrees with the underlying trend backdrop.

Volatility96 × 10%
+9.6

The intensity of implied volatility and the priced move.

Reconstructed score33.1Matches stored calculation

Positioning by Strike

Where open interest and current activity concentrate

Full strike map

The largest call open-interest concentration is 9.00; the largest put concentration is 9.00. 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
1
1.00-81.2%
2
32
3.00-43.6%
3
484
4.00-24.8%
27
1970
5.00-6.0%
4108
2935
6.0012.8%
1105
2733
7.0031.6%
2425
1146
8.0050.4%
3389
6268
9.0069.2%
20559
474
10.0088.0%
2458
7
11.00106.8%
2012
4
12.00125.6%
1288
1
13.00144.4%
2395
1
14.00163.2%
235
3
15.00182.0%
356
2
16.00200.8%
27
1
17.00219.5%
102
0
20.00275.9%
59
Nearest spot strike Max pain strikeBars show relative OI within this expiry

Volatility Curve

Front-loaded volatility

1.30× front/back

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

1.17 21 Aug 21d
0.99 18 Sep 49d
0.96 16 Oct 77d
1.01 20 Nov 112d
0.95 15 Jan 168d
0.90 21 Jan 539d

Volatility by Strike

Balanced wings

Nearest expiry, within 20% of spot

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

5
6
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
192 / 192
  • 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

83/100
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: $139111 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+40
1W price-1.9%
Call premium52%
Put premium48%
Notional split C 52% / P 48% 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 19/100 Agreement between options pressure and Sharemaestro market context.
Event window 5 Aug Matched earnings event is 4 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 538 contracts traded, $51120 estimated gross traded notional, and 37% of visible notional.
$51120
Calls · 91+ days · OTM calls cluster with 815 contracts traded, $40072 estimated gross traded notional, and 29% of visible notional.
$40072
Calls · 91+ days · ITM calls cluster with 61 contracts traded, $16535 estimated gross traded notional, and 12% of visible notional.
$16535
Calls · 8-21 days · ITM calls cluster with 128 contracts traded, $9260 estimated gross traded notional, and 7% of visible notional.
$9260
Puts · 91+ days · ITM puts cluster with 35 contracts traded, $8988 estimated gross traded notional, and 6% of visible notional.
$8988

Setup Classification

Opportunity and risk frame

Context, not advice
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

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
Close5.22
1W-1.9%
RS-42.5
Fair value-48.0%
Options pressure40
Speculation8
Volatility96
Trend fit19

Today Versus Normal

Stored-options context

View history
Expected move 22.1% history building
30d avg - · 3/10 sessions -
90d avg - · 3/30 sessions -
180d avg - · 3/60 sessions -
IV 1.17 history building
30d avg - · 3/10 sessions -
90d avg - · 3/30 sessions -
180d avg - · 3/60 sessions -
Put-call 0.48 history building
30d avg - · 3/10 sessions -
90d avg - · 3/30 sessions -
180d avg - · 3/60 sessions -
Volume/OI 0.02 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 11:07 Mixed
Pressure 17
Move 21.6%
30 Jul 10:55 Bullish
Pressure 52
Move 21.6%
31 Jul 10:40 Volatility
Pressure 90
Move 21.1%
1 Aug 01:59 Bullish
Pressure 40
Move 22.1%

Strike Map

Where activity is clustering

Full strike map
Strike1.00
Calls · V 0 · OI 2
Puts · V 1 · OI 1
Strike2.00
Calls · V 0 · OI 3
Puts · V 0 · OI 0
Strike3.00
Calls · V 0 · OI 3
Puts · V 0 · OI 32
Strike4.00
Calls · V 5 · OI 27
Puts · V 1 · OI 484
Strike5.00
Calls · V 123 · OI 4108
Puts · V 53 · OI 1970
Strike6.00
Calls · V 55 · OI 1105
Puts · V 2 · OI 2935
Strike7.00
Calls · V 13 · OI 2425
Puts · V 20 · OI 2733
Strike8.00
Calls · V 15 · OI 3389
Puts · V 1 · OI 1146

Term Structure

Expiration activity

Volume and IV
Expiry21 Aug 2026
Contracts36
Avg IV1.17
Put-call0.32
Expiry18 Sep 2026
Contracts30
Avg IV0.99
Put-call0.02
Expiry16 Oct 2026
Contracts38
Avg IV0.96
Put-call0.10
Expiry20 Nov 2026
Contracts36
Avg IV1.01
Put-call15.19
Expiry15 Jan 2027
Contracts36
Avg IV0.95
Put-call0.02

Skew

Call/put IV balance

OTM demand
21 Aug 2026Call IV premium
Call IV1.28
Put IV1.19
Skew-0.10
18 Sep 2026Balanced skew
Call IV1.05
Put IV1.06
Skew0.01
16 Oct 2026Balanced skew
Call IV0.99
Put IV1.00
Skew0.01
20 Nov 2026Balanced skew
Call IV1.02
Put IV0.99
Skew-0.03
15 Jan 2027Balanced skew
Call IV0.96
Put IV0.98
Skew0.02

Contract Tape

Most active contracts

Full contract tape
ContractARRY261120P00005000
SidePut
Expiry20 Nov 2026
Strike5.00
Volume501
OI656
IV1.02
ContractARRY270115C00010000
SideCall
Expiry15 Jan 2027
Strike10.00
Volume280
OI2801
IV0.96
ContractARRY270115C00009000
SideCall
Expiry15 Jan 2027
Strike9.00
Volume278
OI4480
IV0.93
ContractARRY280121C00020000
SideCall
Expiry21 Jan 2028
Strike20.00
Volume201
OI2209
IV0.92
ContractARRY260821C00005000
SideCall
Expiry21 Aug 2026
Strike5.00
Volume123
OI4108
IV1.19
ContractARRY260918C00010000
SideCall
Expiry18 Sep 2026
Strike10.00
Volume104
OI2487
IV1.15
ContractARRY261016C00008000
SideCall
Expiry16 Oct 2026
Strike8.00
Volume69
OI99
IV0.99
ContractARRY260918C00008000
SideCall
Expiry18 Sep 2026
Strike8.00
Volume65
OI480
IV1.01