Primary read
Volatility
Volatility expansion watch
Ticker Options Intelligence
MTZ options intelligence
MasTec Inc options pressure, expected move, strike concentration, and Sharemaestro trend context.
Conviction
52
Market data through 31 Jul 2026
Checked 2 Aug 2026 09:22 · complete available chain
Volatility expansion watch
Volatility pressure
MTZ currently carries volatility options pressure with a 52/100 conviction score. The nearest-chain expected move is 12.6%, with volume/open-interest participation at 0.37.
Expected move
12.6%
Wider near-term move priced
Activity / OI
0.37
Current volume is quieter versus prior open interest
Put-call
0.17
Call-side skew
Trend fit
0
Options are not fully confirming trend
Weekly backdrop
-22.1%
RS -11.3
Expected move
12.6%
Put-call volume
0.17
Volume / OI
0.37
Reference IV
0.66
Max pain
320.00
Underlying
263.10
Nearest expiry
21 Aug 2026
Contracts
588
Research Brief
MTZ has a volatility chain read with 52/100 evidence alignment.
The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 229.95–296.25; The largest call open-interest concentration is 340.00; the largest put concentration is 340.00. The most active strike by current volume is 290.00.
Priced range229.95–296.25
Call concentration340.00
Put concentration340.00
Max pain reference320.00
- A clear directional pressure reading develops and price begins to agree.
- 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
Options imply 229.95 to 296.25. Max pain at 320.00 lies outside the priced range, so it is a weak near-term anchor.
Spot
Max pain
229.95263.10 ± 33.15296.25
Confirmation level
A close beyond 296.25 or below 229.95 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 52/100
Pressure is 77/100 toward calls; conviction uses its strength, while the signal label carries its direction.
Directional pressure77 × 42%
+32.3
How strongly activity leans toward calls or puts.
Participation49 × 22%
+10.7
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.
Volatility86 × 10%
+8.6
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 340.00; the largest put concentration is 340.00. The most active strike by current volume is 290.00. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.
Put open interestStrikeCall open interest
27
250.00-5.0%
0
110
280.006.4%
2
16
290.0010.2%
2
35
300.0014.0%
1330
53
310.0017.8%
91
264
320.0021.6%
48
305
330.0025.4%
31
734
340.0029.2%
1602
188
350.0033.0%
183
2
360.0036.8%
1458
10
370.0040.6%
271
179
380.0044.4%
738
3
400.0052.0%
363
3
410.0055.8%
427
3
420.0059.6%
1512
0
470.0078.6%
1154
0
500.0090.0%
272
Nearest spot strike Max pain strikeBars show relative OI within this expiry
Volatility Curve
Balanced volatility curve
Near- and longer-dated implied volatility are broadly aligned; no exceptional front-expiry premium is visible.
0.66
21 Aug
21d
0.64
18 Sep
49d
0.64
16 Oct
77d
0.65
20 Nov
112d
0.64
18 Dec
140d
0.62
15 Jan
168d
Volatility by Strike
Balanced wings
Comparable upside calls and downside puts carry broadly similar implied volatility.
220
230
240
250
260
270
280
290
300
310
Put IV Call IV
Historical Replay
How matured reads behaved through expiry
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
Retained chain100%
Implied volatility100%
Two-sided quotes100%
Open interest100%
- Chain status
- Complete available chain
- Market date
- 31 Jul 2026
- Calculation
- v2.0
- Contracts
- 588 / 588
- 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
Volatility expansion bet
The strongest message is movement risk: expected move and implied volatility are carrying more signal than direction.
Options are pricing movement more than direction; compare expected move with the stock's actual weekly change.
Volatility expansion bet matters because it connects the options headline to the actual evidence: $16.0M of estimated gross traded notional, calls · 8-21 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+77
1W price-22.1%
Call premium79%
Put premium21%
Notional split
C 79% / P 21%
Estimated gross traded notional uses volume × contract multiplier × midpoint, or last price when no valid midpoint is available.
Freshness
0.37
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.
Calls · 8-21 days · ITM
calls cluster with 2958 contracts traded, $7.3M estimated gross traded notional, and 45% of visible notional.
$7.3M
Calls · 8-21 days · OTM
calls cluster with 3942 contracts traded, $2.8M estimated gross traded notional, and 18% of visible notional.
$2.8M
Puts · 8-21 days · ITM
puts cluster with 302 contracts traded, $1.8M estimated gross traded notional, and 11% of visible notional.
$1.8M
Calls · 46-90 days · OTM
calls cluster with 471 contracts traded, $873050 estimated gross traded notional, and 5% of visible notional.
$873050
Puts · 91+ days · OTM
puts cluster with 508 contracts traded, $726412 estimated gross traded notional, and 5% of visible notional.
$726412
Setup Classification
Opportunity and risk frame
The tape is pricing or displaying unusually elevated activity.
Expected move or upcoming earnings makes the setup more event-sensitive.
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
Close263.10
1W-22.1%
RS-11.3
Fair value+58.7%
Options pressure77
Speculation49
Volatility86
Trend fit0
Today Versus Normal
Stored-options context
30d avg - · 3/10 sessions
-
90d avg - · 3/30 sessions
-
180d avg - · 3/60 sessions
-
30d avg - · 3/10 sessions
-
90d avg - · 3/30 sessions
-
180d avg - · 3/60 sessions
-
30d avg - · 3/10 sessions
-
90d avg - · 3/30 sessions
-
180d avg - · 3/60 sessions
-
30d avg - · 3/10 sessions
-
90d avg - · 3/30 sessions
-
180d avg - · 3/60 sessions
-
Pressure Trail
Recent pressure and volatility
29 Jul 10:13
Volatility
Pressure 65
Move 16.0%
30 Jul 10:10
Volatility
Pressure -42
Move 19.0%
31 Jul 05:18
Volatility
Pressure 60
Move 14.9%
1 Aug 01:47
Volatility
Pressure 77
Move 23.2%
2 Aug 08:22
Volatility
Pressure 77
Move 12.6%
Strike Map
Where activity is clustering
Strike190.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike195.00
Calls · V 1 · OI 0
Puts · V 0 · OI 0
Strike200.00
Calls · V 0 · OI 1
Puts · V 8 · OI 133
Strike210.00
Calls · V 0 · OI 0
Puts · V 15 · OI 4
Strike220.00
Calls · V 0 · OI 0
Puts · V 58 · OI 11
Strike230.00
Calls · V 4 · OI 0
Puts · V 14 · OI 10
Strike240.00
Calls · V 8 · OI 0
Puts · V 71 · OI 136
Strike250.00
Calls · V 2945 · OI 0
Puts · V 34 · OI 27
Term Structure
Expiration activity
Expiry21 Aug 2026
Contracts84
Avg IV0.66
Put-call0.07
Expiry18 Sep 2026
Contracts80
Avg IV0.64
Put-call1.16
Expiry16 Oct 2026
Contracts100
Avg IV0.64
Put-call0.07
Expiry20 Nov 2026
Contracts92
Avg IV0.65
Put-call0.23
Expiry18 Dec 2026
Contracts92
Avg IV0.64
Put-call0.08
Skew
Call/put IV balance
21 Aug 2026Balanced skew
Call IV0.67
Put IV0.66
Skew-0.01
18 Sep 2026Balanced skew
Call IV0.65
Put IV0.65
Skew-
16 Oct 2026Balanced skew
Call IV0.63
Put IV0.64
Skew0.01
20 Nov 2026Balanced skew
Call IV0.64
Put IV0.65
Skew0.01
18 Dec 2026Balanced skew
Call IV0.62
Put IV0.64
Skew0.02
Contract Tape
Most active contracts
ContractMTZ260821C00290000
SideCall
Expiry21 Aug 2026
Strike290.00
Volume3126
OI2
IV0.67
ContractMTZ260821C00250000
SideCall
Expiry21 Aug 2026
Strike250.00
Volume2945
OI-
IV0.69
ContractMTZ270115P00200000
SidePut
Expiry15 Jan 2027
Strike200.00
Volume469
OI21
IV0.62
ContractMTZ260821C00280000
SideCall
Expiry21 Aug 2026
Strike280.00
Volume311
OI2
IV0.68
ContractMTZ261016C00280000
SideCall
Expiry16 Oct 2026
Strike280.00
Volume194
OI22
IV0.63
ContractMTZ260821C00320000
SideCall
Expiry21 Aug 2026
Strike320.00
Volume168
OI48
IV0.64
ContractMTZ260821C00310000
SideCall
Expiry21 Aug 2026
Strike310.00
Volume162
OI91
IV0.64
ContractMTZ260821P00320000
SidePut
Expiry21 Aug 2026
Strike320.00
Volume103
OI264
IV0.65
Research Graph
Related research and context
Sharemaestro research
Related News
Market Watch
No recent market-watch posts yet.
Earnings
No upcoming matched earnings event.
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.