Primary read
Bullish
Call-side pressure
Ticker Options Intelligence
CDE options intelligence
Coeur Mining Inc options pressure, expected move, strike concentration, and Sharemaestro trend context.
Conviction
43
Market data through 31 Jul 2026
Checked 1 Aug 2026 03:05 · complete available chain
Call-side pressure
Bullish pressure
CDE currently carries bullish options pressure with a 43/100 conviction score. The nearest-chain expected move is 1.3%, with volume/open-interest participation at 0.03.
Expected move
1.3%
Near-term move context
Activity / OI
0.03
Current volume is quieter versus prior open interest
Put-call
0.22
Call-side skew
Trend fit
0
Options are not fully confirming trend
Weekly backdrop
+5.4%
RS -21.5
Expected move
1.3%
Put-call volume
0.22
Volume / OI
0.03
Reference IV
0.42
Max pain
15.00
Underlying
15.13
Nearest expiry
31 Jul 2026
Contracts
632
Research Brief
CDE has a bullish chain read with 43/100 evidence alignment.
The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 14.93–15.33; The largest call open-interest concentration is 16.00; the largest put concentration is 14.00. The most active strike by current volume is 14.50.
Priced range14.93–15.33
Call concentration16.00
Put concentration14.00
Max pain reference15.00
- Price holds or improves while call-side concentration remains elevated.
- Price weakens while call pressure fades or reverses toward puts.
- Options and the weekly trend are not yet giving the same message.
Priced Move
Where the chain says movement becomes exceptional
Options imply 14.93 to 15.33. Max pain at 15.00 sits inside that range, 0.9% below spot.
Spot
Max pain
14.9315.13 ± 0.2015.33
Confirmation level
A close beyond 15.33 or below 14.93 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 43/100
Pressure is 72/100 toward calls; conviction uses its strength, while the signal label carries its direction.
Directional pressure72 × 42%
+30.4
How strongly activity leans toward calls or puts.
Participation41 × 22%
+9.0
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.
Volatility34 × 10%
+3.4
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 16.00; the largest put concentration is 14.00. The most active strike by current volume is 14.50. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.
Put open interestStrikeCall open interest
70
11.00-27.3%
44
173
12.50-17.4%
8
215
13.50-10.8%
227
1484
14.00-7.5%
778
666
14.50-4.2%
695
1104
15.00-0.9%
834
249
15.502.4%
2030
1349
16.005.8%
2268
154
16.509.1%
1275
53
17.0012.4%
1518
27
17.5015.7%
382
69
18.0019.0%
541
4
18.5022.3%
264
3
19.0025.6%
915
3
20.0032.2%
1945
1
22.0045.4%
172
5
23.0052.0%
165
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.
0.42
31 Jul
0d
0.89
7 Aug
7d
0.79
14 Aug
14d
0.77
21 Aug
21d
0.75
28 Aug
28d
0.74
4 Sep
35d
0.72
11 Sep
42d
0.74
18 Sep
49d
Volatility by Strike
Upside optionality premium
Out-of-the-money calls carry higher implied volatility than comparable puts, indicating richer upside optionality.
13
13
14
14
15
15
16
16
17
17
18
18
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
High
Retained chain100%
Implied volatility100%
Two-sided quotes100%
Open interest100%
- Chain status
- Complete available chain
- Market date
- 31 Jul 2026
- Calculation
- v2.0
- Contracts
- 632 / 632
- 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
Short-dated OTM call concentration
Call activity is concentrated in upside and shorter-dated contracts; trade direction remains unconfirmed without aggressor data.
Options pressure and weekly price action are pointing in the same constructive direction.
Short-dated OTM call concentration matters because it connects the options headline to the actual evidence: $1.6M of estimated gross traded notional, calls · 91+ days · otm, and a bullish flow confirms 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+5.4%
Call premium75%
Put premium25%
Notional split
C 75% / P 25%
Estimated gross traded notional uses volume × contract multiplier × midpoint, or last price when no valid midpoint is available.
Freshness
0.03
Volume divided by open interest across the visible chain.
Trend fit
0/100
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.
Calls · 91+ days · OTM
calls cluster with 4314 contracts traded, $428442 estimated gross traded notional, and 27% of visible notional.
$428442
Calls · 0-7 days · ITM
calls cluster with 1981 contracts traded, $205062 estimated gross traded notional, and 13% of visible notional.
$205062
Calls · 22-45 days · OTM
calls cluster with 1425 contracts traded, $121018 estimated gross traded notional, and 8% of visible notional.
$121018
Puts · 91+ days · ATM
puts cluster with 409 contracts traded, $116955 estimated gross traded notional, and 7% of visible notional.
$116955
Calls · 91+ days · ITM
calls cluster with 107 contracts traded, $93860 estimated gross traded notional, and 6% of visible notional.
$93860
Setup Classification
Opportunity and risk frame
Expected move or upcoming earnings makes the setup more event-sensitive.
Options positioning is not confirming the underlying trend context.
Underlying price is close to the max-pain zone.
Call pressure is building while the stock sits above Sharemaestro fair value.
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
Close15.13
1W+5.4%
RS-21.5
Fair value+60.6%
Options pressure72
Speculation41
Volatility34
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 10:20
Bullish
Pressure 49
Move 5.9%
30 Jul 10:14
Volatility
Pressure 69
Move 5.5%
31 Jul 03:31
Volatility
Pressure 71
Move 4.5%
31 Jul 05:06
Bullish
Pressure 62
Move 4.5%
1 Aug 02:05
Bullish
Pressure 72
Move 1.3%
Strike Map
Where activity is clustering
Strike5.00
Calls · V 2 · OI 15
Puts · V 0 · OI 1
Strike10.00
Calls · V 3 · OI 52
Puts · V 2 · OI 1
Strike10.50
Calls · V 0 · OI 9
Puts · V 0 · OI 95
Strike11.00
Calls · V 0 · OI 44
Puts · V 2 · OI 70
Strike11.50
Calls · V 0 · OI 1
Puts · V 0 · OI 6
Strike12.00
Calls · V 5 · OI 4
Puts · V 1 · OI 13
Strike12.50
Calls · V 4 · OI 8
Puts · V 0 · OI 173
Strike13.00
Calls · V 4 · OI 12
Puts · V 0 · OI 46
Term Structure
Expiration activity
Expiry31 Jul 2026
Contracts60
Avg IV0.42
Put-call0.45
Expiry7 Aug 2026
Contracts60
Avg IV0.89
Put-call0.24
Expiry14 Aug 2026
Contracts60
Avg IV0.79
Put-call0.32
Expiry21 Aug 2026
Contracts70
Avg IV0.77
Put-call0.41
Expiry28 Aug 2026
Contracts60
Avg IV0.75
Put-call0.20
Skew
Call/put IV balance
31 Jul 2026Call IV premium
Call IV0.47
Put IV0.38
Skew-0.10
7 Aug 2026Balanced skew
Call IV0.84
Put IV0.85
Skew0.01
14 Aug 2026Balanced skew
Call IV0.80
Put IV0.81
Skew0.01
21 Aug 2026Balanced skew
Call IV0.76
Put IV0.75
Skew-0.01
28 Aug 2026Balanced skew
Call IV0.77
Put IV0.74
Skew-0.03
Contract Tape
Most active contracts
ContractCDE270219C00030000
SideCall
Expiry19 Feb 2027
Strike30.00
Volume1500
OI17
IV0.70
ContractCDE260911C00016500
SideCall
Expiry11 Sep 2026
Strike16.50
Volume1265
OI-
IV0.73
ContractCDE261218C00020000
SideCall
Expiry18 Dec 2026
Strike20.00
Volume1149
OI962
IV0.73
ContractCDE260828C00015500
SideCall
Expiry28 Aug 2026
Strike15.50
Volume680
OI399
IV0.75
ContractCDE260731C00014500
SideCall
Expiry31 Jul 2026
Strike14.50
Volume530
OI695
IV0.37
ContractCDE260807C00014000
SideCall
Expiry7 Aug 2026
Strike14.00
Volume520
OI49
IV0.87
ContractCDE261120C00020000
SideCall
Expiry20 Nov 2026
Strike20.00
Volume482
OI7750
IV0.73
ContractCDE260814C00017500
SideCall
Expiry14 Aug 2026
Strike17.50
Volume369
OI155
IV0.80
Research Graph
Related research and context
Sharemaestro research
Related News
No recent ticker-specific news yet.
Market Watch
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.