Ticker Options Intelligence

NEXA options intelligence

Nexa Resources SA options pressure, expected move, strike concentration, and Sharemaestro trend context.

Conviction 47 Market data through 31 Jul 2026 Checked 1 Aug 2026 19:30 · complete available chain

Volatility expansion watch

Volatility pressure

NEXA currently carries volatility options pressure with a 47/100 conviction score. The nearest-chain expected move is 14.2%, 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 Volatility

Volatility expansion watch

Expected move 14.2%

Wider near-term move priced

Activity / OI 0.01

Current volume is quieter versus prior open interest

Put-call 0.21

Call-side skew

Trend fit 26

Options are not fully confirming trend

Weekly backdrop +0.9%

RS 20.3

Expected move 14.2%
Put-call volume 0.21
Volume / OI 0.01
Reference IV 0.71
Max pain 12.37
Underlying 12.85
Nearest expiry 21 Aug 2026
Contracts 86

Research Brief

NEXA has a volatility chain read with 47/100 evidence alignment.

The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 11.03–14.67; The largest call open-interest concentration is 17.37; the largest put concentration is 12.37. The most active strike by current volume is 17.37.

Priced range11.03–14.67
Call concentration17.37
Put concentration12.37
Max pain reference12.37
What would confirm it
  • A clear directional pressure reading develops and price begins to agree.
What would weaken it
  • 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

Size, not direction · through 21 Aug

Options imply 11.03 to 14.67. Max pain at 12.37 sits inside that range, 3.7% below spot.

Spot Max pain
11.0312.85 ± 1.8214.67
Confirmation level

A close beyond 14.67 or below 11.03 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 47/100

Evidence alignment, not probability

Pressure is 73/100 toward calls; conviction uses its strength, while the signal label carries its direction.

Directional pressure73 × 42%
+30.8

How strongly activity leans toward calls or puts.

Participation1 × 22%
+0.3

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

Trend agreement26 × 26%
+6.8

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

Volatility90 × 10%
+9.0

The intensity of implied volatility and the priced move.

Reconstructed score46.9Matches stored calculation

Positioning by Strike

Where open interest and current activity concentrate

Full strike map

The largest call open-interest concentration is 17.37; the largest put concentration is 12.37. The most active strike by current volume is 17.37. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.

Put open interestStrikeCall open interest
0
2.37-81.6%
143
0
4.87-62.1%
6
0
7.37-42.6%
0
51
9.87-23.2%
38
501
12.37-3.7%
420
99
14.8715.7%
1492
7
17.3735.2%
3323
1
19.8754.6%
58
2
22.3774.1%
1
0
24.8793.5%
0
0
29.87132.5%
0
Nearest spot strike Max pain strikeBars show relative OI within this expiry

Volatility Curve

Balanced volatility curve

1.00× front/back

Near- and longer-dated implied volatility are broadly aligned; no exceptional front-expiry premium is visible.

0.71 21 Aug 21d
0.73 18 Sep 49d
0.65 18 Dec 140d
0.71 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.

12
15
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
86 / 86
  • 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

90/100
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 Volatility flow versus price

Options are pricing movement more than direction; compare expected move with the stock's actual weekly change.

Why this matters

Earnings/event positioning matters because it connects the options headline to the actual evidence: $13808 of estimated gross traded notional, calls · 91+ days · otm, 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+73
1W price+0.9%
Call premium82%
Put premium18%
Notional split C 82% / P 18% 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 26/100 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 Calls · 91+ days · OTM
Calls · 91+ days · OTM calls cluster with 40 contracts traded, $6800 estimated gross traded notional, and 49% of visible notional.
$6800
Calls · 46-90 days · ITM calls cluster with 11 contracts traded, $1842 estimated gross traded notional, and 13% of visible notional.
$1842
Puts · 8-21 days · OTM puts cluster with 27 contracts traded, $1822 estimated gross traded notional, and 13% of visible notional.
$1822
Calls · 8-21 days · ITM calls cluster with 13 contracts traded, $1495 estimated gross traded notional, and 11% of visible notional.
$1495
Calls · 8-21 days · OTM calls cluster with 68 contracts traded, $858 estimated gross traded notional, and 6% of visible notional.
$858

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
Close12.85
1W+0.9%
RS20.3
Fair value+69.4%
Options pressure73
Speculation1
Volatility90
Trend fit26

Today Versus Normal

Stored-options context

View history
Expected move 14.2% history building
30d avg - · 3/10 sessions -
90d avg - · 3/30 sessions -
180d avg - · 3/60 sessions -
IV 0.71 history building
30d avg - · 3/10 sessions -
90d avg - · 3/30 sessions -
180d avg - · 3/60 sessions -
Put-call 0.21 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 11:01 Bullish
Pressure 97
Move 11.2%
30 Jul 10:49 Volatility
Pressure 99
Move 15.2%
30 Jul 15:31 Bullish
Pressure 86
Move 14.8%
30 Jul 21:49 Bullish
Pressure 86
Move 14.8%
1 Aug 18:30 Volatility
Pressure 73
Move 14.2%

Strike Map

Where activity is clustering

Full strike map
Strike2.37
Calls · V 0 · OI 143
Puts · V 0 · OI 0
Strike4.87
Calls · V 0 · OI 6
Puts · V 0 · OI 0
Strike7.37
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike9.87
Calls · V 0 · OI 38
Puts · V 0 · OI 51
Strike12.37
Calls · V 13 · OI 420
Puts · V 27 · OI 501
Strike14.87
Calls · V 23 · OI 1492
Puts · V 1 · OI 99
Strike17.37
Calls · V 45 · OI 3323
Puts · V 1 · OI 7
Strike19.87
Calls · V 0 · OI 58
Puts · V 0 · OI 1

Term Structure

Expiration activity

Volume and IV
Expiry21 Aug 2026
Contracts22
Avg IV0.71
Put-call0.36
Expiry18 Sep 2026
Contracts22
Avg IV0.73
Put-call-
Expiry18 Dec 2026
Contracts22
Avg IV0.65
Put-call-
Expiry19 Mar 2027
Contracts20
Avg IV0.71
Put-call-

Skew

Call/put IV balance

OTM demand
21 Aug 2026Balanced skew
Call IV0.73
Put IV0.76
Skew0.03
18 Sep 2026Put IV premium
Call IV0.72
Put IV0.87
Skew0.16
18 Dec 2026Balanced skew
Call IV0.78
Put IV0.73
Skew-0.05
19 Mar 2027Balanced skew
Call IV0.72
Put IV0.71
Skew-0.01

Contract Tape

Most active contracts

Full contract tape
ContractNEXA260821C00017370
SideCall
Expiry21 Aug 2026
Strike17.37
Volume45
OI3323
IV0.57
ContractNEXA261218C00014870
SideCall
Expiry18 Dec 2026
Strike14.87
Volume40
OI892
IV0.75
ContractNEXA260821P00012370
SidePut
Expiry21 Aug 2026
Strike12.37
Volume27
OI501
IV0.76
ContractNEXA260821C00014870
SideCall
Expiry21 Aug 2026
Strike14.87
Volume23
OI1492
IV0.73
ContractNEXA260821C00012370
SideCall
Expiry21 Aug 2026
Strike12.37
Volume13
OI420
IV0.73
ContractNEXA260918C00012370
SideCall
Expiry18 Sep 2026
Strike12.37
Volume11
OI700
IV0.76
ContractNEXA260918C00014870
SideCall
Expiry18 Sep 2026
Strike14.87
Volume5
OI981
IV0.72
ContractNEXA260821P00014870
SidePut
Expiry21 Aug 2026
Strike14.87
Volume1
OI99
IV1.11