Ticker Options Intelligence

MRTN options intelligence

Marten Transport Ltd options pressure, expected move, strike concentration, and Sharemaestro trend context.

Conviction 41 Market data through 31 Jul 2026 Checked 1 Aug 2026 14:30 · complete available chain

Put-side pressure

Bearish pressure

MRTN currently carries bearish options pressure with a 41/100 conviction score. The nearest-chain expected move is 7.8%, with volume/open-interest participation at 0.01.

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

Put-side pressure

Expected move 7.8%

Wider near-term move priced

Activity / OI 0.01

Current volume is quieter versus prior open interest

Put-call 2.67

Put-side skew

Trend fit 61

Options agree with trend context

Weekly backdrop -9.3%

RS 4.2

Expected move 7.8%
Put-call volume 2.67
Volume / OI 0.01
Reference IV 0.59
Max pain 17.50
Underlying 14.79
Nearest expiry 21 Aug 2026
Contracts 92

Research Brief

MRTN has a bearish chain read with 41/100 evidence alignment.

The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 13.64–15.94; The largest call open-interest concentration is 20.00; the largest put concentration is 15.00. The most active strike by current volume is 17.50.

Priced range13.64–15.94
Call concentration20.00
Put concentration15.00
Max pain reference17.50
What would confirm it
  • Price remains weak while put-side concentration persists.
  • The current chain read already agrees with the stored weekly trend context.
What would weaken it
  • Price recovers while put pressure fades or reverses toward calls.
  • 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 13.64 to 15.94. Max pain at 17.50 lies outside the priced range, so it is a weak near-term anchor.

Spot Max pain
13.6414.79 ± 1.1515.94
Confirmation level

A close beyond 15.94 or below 13.64 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 41/100

Evidence alignment, not probability

Pressure is 34/100 toward puts; conviction uses its strength, while the signal label carries its direction.

Directional pressure34 × 42%
+14.2

How strongly activity leans toward calls or puts.

Participation16 × 22%
+3.6

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

Trend agreement61 × 26%
+15.8

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

Volatility72 × 10%
+7.2

The intensity of implied volatility and the priced move.

Reconstructed score40.8Matches stored calculation

Positioning by Strike

Where open interest and current activity concentrate

Full strike map

The largest call open-interest concentration is 20.00; the largest put concentration is 15.00. The most active strike by current volume is 17.50. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.

Put open interestStrikeCall open interest
0
2.50-83.1%
0
1
5.00-66.2%
0
3
7.50-49.3%
0
0
10.00-32.4%
0
5
12.50-15.5%
0
10
15.001.4%
6
8
17.5018.3%
935
0
20.0035.2%
1450
0
22.5052.1%
0
0
25.0069.0%
0
0
30.00102.8%
0
0
35.00136.6%
0
Nearest spot strike Max pain strikeBars show relative OI within this expiry

Volatility Curve

Front-loaded volatility

1.87× front/back

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

0.59 21 Aug 21d
0.27 18 Sep 49d
0.39 18 Dec 140d
0.32 19 Mar 231d

Volatility by Strike

Balanced wings

Nearest expiry, within 20% of spot

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

13
15
18
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

A97/100
Retained chain100%
Implied volatility100%
Two-sided quotes100%
Open interest100%
Chain status
Complete available chain
Market date
31 Jul 2026
Calculation
v2.0
Contracts
92 / 92
  • 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

Put-heavy activity

74/100
Primary intent Put-heavy activity

Put-side activity dominates. This can reflect hedging or directional positioning, but the chain alone cannot distinguish buying from selling.

Flow vs price divergence Bearish flow confirms price

Options pressure and weekly price action are both cautionary.

Why this matters

Put-heavy activity matters because it connects the options headline to the actual evidence: $3350 of estimated gross traded notional, puts · 91+ days · otm, 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-34
1W price-9.3%
Call premium18%
Put premium82%
Notional split C 18% / P 82% Estimated gross traded notional uses volume × contract multiplier × midpoint, or last price when no valid midpoint is available.
Freshness 0.01 Volume divided by open interest across the visible chain.
Trend fit 61/100 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.
Conviction clusters Puts · 91+ days · OTM
Puts · 91+ days · OTM puts cluster with 31 contracts traded, $2040 estimated gross traded notional, and 61% of visible notional.
$2040
Calls · 8-21 days · OTM calls cluster with 16 contracts traded, $560 estimated gross traded notional, and 17% of visible notional.
$560
Puts · 8-21 days · ATM puts cluster with 10 contracts traded, $550 estimated gross traded notional, and 16% of visible notional.
$550
Puts · 91+ days · ATM puts cluster with 1 contracts traded, $140 estimated gross traded notional, and 4% of visible notional.
$140
Calls · 46-90 days · OTM calls cluster with 2 contracts traded, $30 estimated gross traded notional, and 1% of visible notional.
$30

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.

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
Close14.79
1W-9.3%
RS4.2
Fair value-3.4%
Options pressure-34
Speculation16
Volatility72
Trend fit61

Today Versus Normal

Stored-options context

View history
Expected move 7.8% history building
30d avg - · 3/10 sessions -
90d avg - · 3/30 sessions -
180d avg - · 3/60 sessions -
IV 0.59 history building
30d avg - · 3/10 sessions -
90d avg - · 3/30 sessions -
180d avg - · 3/60 sessions -
Put-call 2.67 history building
30d avg - · 3/10 sessions -
90d avg - · 3/30 sessions -
180d avg - · 3/60 sessions -
Volume/OI 0.01 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 Bearish
Pressure -37
Move 14.1%
30 Jul 10:55 Volatility
Pressure 85
Move 16.7%
31 Jul 05:56 Bullish
Pressure 100
Move 16.6%
1 Aug 00:19 Volatility
Pressure 57
Move 21.2%
1 Aug 08:06 Bearish
Pressure -34
Move 21.2%
1 Aug 13:30 Bearish
Pressure -34
Move 7.8%

Strike Map

Where activity is clustering

Full strike map
Strike2.50
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike5.00
Calls · V 0 · OI 0
Puts · V 2 · OI 1
Strike7.50
Calls · V 0 · OI 0
Puts · V 0 · OI 3
Strike10.00
Calls · V 0 · OI 0
Puts · V 2 · OI 0
Strike12.50
Calls · V 0 · OI 0
Puts · V 0 · OI 5
Strike15.00
Calls · V 0 · OI 6
Puts · V 10 · OI 10
Strike17.50
Calls · V 16 · OI 935
Puts · V 0 · OI 8
Strike20.00
Calls · V 0 · OI 1450
Puts · V 0 · OI 0

Term Structure

Expiration activity

Volume and IV
Expiry21 Aug 2026
Contracts24
Avg IV0.59
Put-call0.88
Expiry18 Sep 2026
Contracts22
Avg IV0.27
Put-call1.00
Expiry18 Dec 2026
Contracts22
Avg IV0.39
Put-call-
Expiry19 Mar 2027
Contracts24
Avg IV0.32
Put-call-

Skew

Call/put IV balance

OTM demand
21 Aug 2026Balanced skew
Call IV0.34
Put IV0.36
Skew0.02
18 Sep 2026Call IV premium
Call IV0.40
Put IV0.24
Skew-0.16
18 Dec 2026Put IV premium
Call IV0.12
Put IV0.39
Skew0.26
19 Mar 2027Call IV premium
Call IV0.39
Put IV0.12
Skew-0.26

Contract Tape

Most active contracts

Full contract tape
ContractMRTN270319P00012500
SidePut
Expiry19 Mar 2027
Strike12.50
Volume29
OI27
IV0.12
ContractMRTN260821C00017500
SideCall
Expiry21 Aug 2026
Strike17.50
Volume16
OI935
IV0.34
ContractMRTN260821P00015000
SidePut
Expiry21 Aug 2026
Strike15.00
Volume10
OI10
IV0.01
ContractMRTN260918C00017500
SideCall
Expiry18 Sep 2026
Strike17.50
Volume2
OI3742
IV0.40
ContractMRTN261218P00005000
SidePut
Expiry18 Dec 2026
Strike5.00
Volume2
OI2
IV0.74
ContractMRTN260918P00007500
SidePut
Expiry18 Sep 2026
Strike7.50
Volume2
OI1
IV0.80
ContractMRTN260821P00005000
SidePut
Expiry21 Aug 2026
Strike5.00
Volume2
OI1
IV1.88
ContractMRTN260821P00010000
SidePut
Expiry21 Aug 2026
Strike10.00
Volume2
OI-
IV0.74