Primary read
Mixed
Options-market disagreement
Ticker Options Intelligence
TITN options intelligence
Titan Machinery Inc options pressure, expected move, strike concentration, and Sharemaestro trend context.
Conviction
38
Market data through 30 Jul 2026
Checked 31 Jul 2026 04:48 · complete available chain
Options-market disagreement
Mixed pressure
TITN currently carries mixed options pressure with a 38/100 conviction score. The nearest-chain expected move is 12.5%, with volume/open-interest participation at 0.02.
Expected move
12.5%
Wider near-term move priced
Activity / OI
0.02
Current volume is quieter versus prior open interest
Put-call
1.14
Balanced tape
Trend fit
96
Options agree with trend context
Weekly backdrop
+4.4%
RS 0.5
Expected move
12.5%
Put-call volume
1.14
Volume / OI
0.02
Reference IV
0.46
Max pain
17.50
Underlying
19.98
Nearest expiry
21 Aug 2026
Contracts
116
Research Brief
TITN has a mixed chain read with 38/100 evidence alignment.
The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 17.48–22.48; The largest call open-interest concentration is 25.00; the largest put concentration is 17.50. The most active strike by current volume is 20.00.
Priced range17.48–22.48
Call concentration25.00
Put concentration17.50
Max pain reference17.50
- A clear directional pressure reading develops and price begins to agree.
- The current chain read already agrees with the stored weekly trend context.
- Volatility falls and the chain remains directionally mixed.
Priced Move
Where the chain says movement becomes exceptional
Options imply 17.48 to 22.48. Max pain at 17.50 sits inside that range, 12.4% below spot.
Spot
Max pain
17.4819.98 ± 2.5022.48
Confirmation level
A close beyond 22.48 or below 17.48 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 38/100
Pressure is 0/100 toward puts; conviction uses its strength, while the signal label carries its direction.
Directional pressure0 × 42%
+0.2
How strongly activity leans toward calls or puts.
Participation24 × 22%
+5.4
Volume relative to existing open interest and contract-level activity.
Trend agreement96 × 26%
+24.9
How closely the chain read agrees with the underlying trend backdrop.
Volatility72 × 10%
+7.2
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 25.00; the largest put concentration is 17.50. The most active strike by current volume is 20.00. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.
Put open interestStrikeCall open interest
0
2.50-87.5%
0
0
5.00-75.0%
0
0
7.50-62.5%
0
0
10.00-49.9%
0
0
12.50-37.4%
0
10
15.00-24.9%
0
12
17.50-12.4%
21
11
20.000.1%
90
1
22.5012.6%
70
0
25.0025.1%
145
0
30.0050.2%
8
0
35.0075.2%
0
0
40.00100.2%
0
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.
0.46
21 Aug
22d
0.60
18 Sep
50d
0.55
20 Nov
113d
0.55
18 Dec
141d
0.55
19 Mar
232d
Volatility by Strike
Balanced wings
Comparable upside calls and downside puts carry broadly similar implied volatility.
18
20
23
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
- 30 Jul 2026
- Calculation
- v2.0
- Contracts
- 116 / 116
- 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
Multi-expiry position-maintenance candidate
Activity is spread across expirations with heavier open interest than current volume, which can be consistent with position maintenance.
The options read is mixed, so divergence is not strong enough to classify.
Multi-expiry position-maintenance candidate matters because it connects the options headline to the actual evidence: $2688 of estimated gross traded notional, puts · 91+ days · otm, and a no clean flow/price divergence backdrop. Use it as a research priority signal, then validate the chart, liquidity, event calendar, and risk before acting.
Options pressure-0
1W price+4.4%
Call premium48%
Put premium52%
Notional split
C 48% / P 52%
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
96/100
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.
Roll detection is conservative because opening and closing legs are not directly observable in this snapshot.
Puts · 91+ days · OTM
puts cluster with 15 contracts traded, $1238 estimated gross traded notional, and 46% of visible notional.
$1238
Calls · 91+ days · ITM
calls cluster with 2 contracts traded, $950 estimated gross traded notional, and 35% of visible notional.
$950
Calls · 8-21 days · ATM
calls cluster with 20 contracts traded, $350 estimated gross traded notional, and 13% of visible notional.
$350
Puts · 8-21 days · OTM
puts cluster with 10 contracts traded, $150 estimated gross traded notional, and 6% of visible notional.
$150
Setup Classification
Opportunity and risk frame
Positioning agrees with the Sharemaestro trend backdrop.
The tape is pricing or displaying unusually elevated activity.
Expected move or upcoming earnings makes the setup more event-sensitive.
Activity Anomaly
Warming up
2 of 10 completed market sessions are available. More session history is needed before activity can be compared with a reliable normal.
Baseline: 2 completed sessions
Volume rank-
Volume/OI rank-
IV rank-
Market Context
Underlying confirmation
Close19.98
1W+4.4%
RS0.5
Fair value+1.6%
Options pressure0
Speculation24
Volatility72
Trend fit96
Today Versus Normal
Stored-options context
30d avg - · 2/10 sessions
-
90d avg - · 2/30 sessions
-
180d avg - · 2/60 sessions
-
30d avg - · 2/10 sessions
-
90d avg - · 2/30 sessions
-
180d avg - · 2/60 sessions
-
30d avg - · 2/10 sessions
-
90d avg - · 2/30 sessions
-
180d avg - · 2/60 sessions
-
30d avg - · 2/10 sessions
-
90d avg - · 2/30 sessions
-
180d avg - · 2/60 sessions
-
Pressure Trail
Recent pressure and volatility
29 Jul 11:26
Bearish
Pressure -83
Move 8.5%
30 Jul 04:26
Volatility
Pressure 94
Move 12.0%
30 Jul 18:57
Volatility
Pressure 57
Move 12.0%
30 Jul 20:18
Volatility
Pressure 57
Move 12.8%
30 Jul 21:00
Volatility
Pressure 57
Move 12.5%
31 Jul 03:48
Mixed
Pressure 0
Move 12.5%
Strike Map
Where activity is clustering
Strike2.50
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike5.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike7.50
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike10.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike12.50
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike15.00
Calls · V 0 · OI 0
Puts · V 10 · OI 10
Strike17.50
Calls · V 0 · OI 21
Puts · V 0 · OI 12
Strike20.00
Calls · V 20 · OI 90
Puts · V 0 · OI 11
Term Structure
Expiration activity
Expiry21 Aug 2026
Contracts26
Avg IV0.46
Put-call0.50
Expiry18 Sep 2026
Contracts24
Avg IV0.60
Put-call-
Expiry20 Nov 2026
Contracts18
Avg IV0.55
Put-call-
Expiry18 Dec 2026
Contracts24
Avg IV0.55
Put-call-
Expiry19 Mar 2027
Contracts24
Avg IV0.55
Put-call-
Skew
Call/put IV balance
21 Aug 2026Put IV premium
Call IV0.46
Put IV0.60
Skew0.14
18 Sep 2026Put IV premium
Call IV0.57
Put IV0.67
Skew0.10
20 Nov 2026Put IV premium
Call IV0.48
Put IV0.56
Skew0.08
18 Dec 2026Put IV premium
Call IV0.52
Put IV0.58
Skew0.06
19 Mar 2027Balanced skew
Call IV0.51
Put IV0.56
Skew0.05
Contract Tape
Most active contracts
ContractTITN260821C00020000
SideCall
Expiry21 Aug 2026
Strike20.00
Volume20
OI90
IV0.46
ContractTITN270319P00012500
SidePut
Expiry19 Mar 2027
Strike12.50
Volume15
OI5
IV0.59
ContractTITN260821P00015000
SidePut
Expiry21 Aug 2026
Strike15.00
Volume10
OI10
IV0.60
ContractTITN261120C00015000
SideCall
Expiry20 Nov 2026
Strike15.00
Volume2
OI1
IV0.86
ContractTITN261120C00030000
SideCall
Expiry20 Nov 2026
Strike30.00
Volume-
OI421
IV0.38
ContractTITN260918P00007500
SidePut
Expiry18 Sep 2026
Strike7.50
Volume-
OI250
IV0.96
ContractTITN261218C00030000
SideCall
Expiry18 Dec 2026
Strike30.00
Volume-
OI200
IV0.50
ContractTITN260918C00020000
SideCall
Expiry18 Sep 2026
Strike20.00
Volume-
OI181
IV0.57
Research Graph
Related research and context
Sharemaestro research
Related News
No recent ticker-specific news yet.
Market Watch
No recent market-watch posts yet.
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.