Primary read
Bullish
Call-side pressure
Ticker Options Intelligence
UAMY options intelligence
United States Antimony Corporation options pressure, expected move, strike concentration, and Sharemaestro trend context.
Conviction
44
Market data through 17 Sep 2026
Checked 17 Sep 2026 16:07 · partial chain
Call-side pressure
Bullish pressure
UAMY currently carries bullish options pressure with a 44/100 conviction score. The nearest-chain expected move is 7.8%, with volume/open-interest participation at 0.03.
Expected move
7.8%
Wider near-term move priced
Activity / OI
0.03
Current volume is quieter versus prior open interest
Put-call
0.23
Call-side skew
Trend fit
0
Options are not fully confirming trend
Weekly backdrop
-6.3%
RS -42.4
Expected move
7.8%
Put-call volume
0.23
Volume / OI
0.03
Reference IV
1.58
Max pain
5.00
Underlying
4.87
Nearest expiry
18 Sep 2026
Contracts
113
Research Brief
UAMY has a bullish chain read with 44/100 evidence alignment.
The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 4.49–5.25; The largest call open-interest concentration is 5.00; the largest put concentration is 5.00. The most active strike by current volume is 6.00.
Priced range4.49–5.25
Call concentration5.00
Put concentration5.00
Max pain reference5.00
- 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.
- 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
Options imply 4.49 to 5.25. Max pain at 5.00 sits inside that range, 2.7% above spot.
Spot
Max pain
4.494.87 ± 0.385.25
Confirmation level
A close beyond 5.25 or below 4.49 at the 18 Sep 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 44/100
Pressure is 62/100 toward calls; conviction uses its strength, while the signal label carries its direction.
Directional pressure62 × 42%
+26.0
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.
Volatility87 × 10%
+8.7
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 5.00; the largest put concentration is 5.00. The most active strike by current volume is 6.00. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.
Put open interestStrikeCall open interest
0
1.00-79.5%
7
11
2.50-48.7%
13
1
3.50-28.1%
3
41
4.00-17.9%
15
1049
4.50-7.6%
35
2480
5.002.7%
2542
98
5.5012.9%
1410
8
6.0023.2%
1026
4
6.5033.5%
548
4
7.0043.7%
147
18
7.5054.0%
1386
0
8.0064.3%
10
0
8.5074.5%
0
0
9.0084.8%
3
0
9.5095.1%
0
5
10.00105.3%
423
1
12.50156.7%
98
Nearest spot strike Max pain strikeBars show relative OI within this expiry
Gamma Profile by Strike
Negative gamma proxy
Put-side gamma sensitivity outweighs the call-side proxy across the retained chain. The largest bars mark levels where delta-hedging sensitivity may be most concentrated.
Net profile-$118,164Delta change / 1% move
Positive peak5.50+$26,002
Negative peak4.50-$171,892
Nearest balance5.19Interpolated sign change
StrikeNegativePositiveNet / 1% move
1.00-79.5%
+$1
1.50-69.2%
+$0
2.00-58.9%
+$3
2.50-48.7%
+$7
3.00-38.4%
+$1
3.50-28.1%
+$32
4.00-17.9%
-$438
4.50-7.6%
-$171,892
5.002.7%
-$16,096
5.5012.9%
+$26,002
6.0023.2%
+$14,498
6.5033.5%
+$7,285
7.0043.7%
+$19,661
7.5054.0%
+$1,849
8.0064.3%
+$315
8.5074.5%
+$151
9.0084.8%
+$79
10.00105.3%
+$359
10.50115.6%
+$2
12.50156.7%
+$18
13.00166.9%
-$1
Positive call-side proxy Negative put-side proxyHighlighted row is nearest spot strike
Scenario proxy = gamma × open interest × 100 shares × spot² × 1%. Calls are positive and puts negative by convention. Missing Greeks use a Black-Scholes estimate from stored IV with zero rate and dividend assumptions. Open interest does not reveal who is long or short, so this is not observed dealer positioning or a forecast.
Volatility Curve
Front-loaded volatility
Near-term options are materially richer than later expirations, consistent with concentrated event or immediate-risk pricing.
1.58
18 Sep
1d
0.87
25 Sep
8d
0.86
2 Oct
15d
0.88
9 Oct
22d
Volatility by Strike
Upside optionality premium
Out-of-the-money calls carry higher implied volatility than comparable puts, indicating richer upside optionality.
4
5
5
6
Put IV Call IV
Historical Replay
How matured reads behaved through expiry
Across 11 stored directional transitions, the next stored price moved in the labelled direction 36% of the time.
Directional follow-through36%
Moves contained by pricing45%
Average expiry move16.4%
10 Sep
Bullish · 41
-6.3% through expiry
3.8% priced · v2.0
8 Sep
Bullish · 41
-6.3% through expiry
10.4% priced · v2.0
4 Sep
Bullish · 35
-6.3% through expiry
8.7% priced · v2.0
3 Sep
Mixed · 31
7.2% through expiry
5.7% priced · v2.0
1 Sep
Bullish · 34
7.2% through expiry
8.8% priced · v2.0
28 Aug
Bullish · 39
7.2% through expiry
10.8% priced · v2.0
21 Aug
Volatility · 47
-11.7% through expiry
10.0% priced · v2.0
17 Aug
Bullish · 38
-0.4% through expiry
8.6% priced · v2.0
14 Aug
Volatility · 51
-0.4% through expiry
10.0% priced · v2.0
13 Aug
Bullish · 41
-19.6% through expiry
24.5% priced · v2.0
12 Aug
Bullish · 40
-19.6% through expiry
30.1% priced · v2.0
11 Aug
Mixed · 41
-19.6% through expiry
12.0% priced · v2.0
Eligible snapshots must have a dated market session, stored signal, and point-in-time market reference. Each observation uses one read per market session and the first stored weekly close on or immediately after expiry; its original calculation version is retained. It is an evidence audit, not an executable strategy or evidence of future performance.
Evidence Quality
Good
Retained chain100%
Implied volatility100%
Two-sided quotes97%
Open interest97%
- Chain status
- Retained chain subset
- Market date
- 17 Sep 2026
- Calculation
- v2.0
- Contracts
- 113 / 113
- 100% of provider contracts were retained for this snapshot.
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
Put-side activity dominates. This can reflect hedging or directional positioning, but the chain alone cannot distinguish buying from selling.
Options are leaning call-side while the stock is down on the week, a divergence that needs price confirmation.
Put-heavy activity matters because it connects the options headline to the actual evidence: $54,745 of estimated gross traded notional, puts · 8-21 days · itm, and a bullish flow against weak price backdrop. Use it as a research priority signal, then validate the chart, liquidity, event calendar, and risk before acting.
Options pressure+62
1W price-6.3%
Call premium37%
Put premium63%
Notional split
C 37% / P 63%
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.
Aggregate chain data does not identify trade aggressor or opening versus closing activity; call/put concentration is not proof of market direction.
Puts · 8-21 days · ITM
puts cluster with 127 contracts traded, $21,380 estimated gross traded notional, and 39% of visible notional.
$21,380
Calls · 8-21 days · ITM
calls cluster with 81 contracts traded, $10,442 estimated gross traded notional, and 19% of visible notional.
$10,442
Puts · 0-7 days · ITM
puts cluster with 29 contracts traded, $6,532 estimated gross traded notional, and 12% of visible notional.
$6,532
Puts · 22-45 days · ITM
puts cluster with 30 contracts traded, $5,402 estimated gross traded notional, and 10% of visible notional.
$5,402
Calls · 8-21 days · OTM
calls cluster with 851 contracts traded, $5,232 estimated gross traded notional, and 10% of visible notional.
$5,232
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.
Call pressure is building while the stock sits above Sharemaestro fair value.
Activity Anomaly
Normal range
Activity is broadly in line with recent stored snapshots.
Baseline: 25 completed sessions
Volume rank0th
Volume/OI rank32th
IV rank88th
Market Context
Underlying confirmation
Close4.87
1W-6.3%
RS-42.4
Fair value+42.2%
Options pressure62
Speculation41
Volatility87
Trend fit0
Today Versus Normal
Stored-options context
30d avg 8.6% · 10 sessions
20th
90d avg - · 25/30 sessions
-
180d avg - · 25/60 sessions
-
30d avg 0.96 · 10 sessions
100th
90d avg - · 25/30 sessions
-
180d avg - · 25/60 sessions
-
30d avg 0.52 · 10 sessions
0th
90d avg - · 25/30 sessions
-
180d avg - · 25/60 sessions
-
30d avg 0.04 · 10 sessions
30th
90d avg - · 25/30 sessions
-
180d avg - · 25/60 sessions
-
Pressure Trail
Recent pressure and volatility
1 Aug 14:08
Bullish
Pressure 60
Move 10.6%
2 Aug 05:14
Bullish
Pressure 59
Move 10.8%
3 Aug 10:48
Bullish
Pressure 60
Move 10.8%
3 Aug 15:06
Volatility
Pressure 74
Move 12.3%
4 Aug 00:27
Volatility
Pressure 71
Move 16.3%
5 Aug 10:33
Volatility
Pressure 70
Move 23.3%
6 Aug 00:03
Volatility
Pressure 73
Move 27.7%
6 Aug 02:13
Volatility
Pressure 77
Move 27.7%
Strike Map
Where activity is clustering
Strike1.00
Calls · V 7 · OI 7
Puts · V 0 · OI 0
Strike2.50
Calls · V 2 · OI 13
Puts · V 10 · OI 11
Strike3.50
Calls · V 1 · OI 3
Puts · V 0 · OI 1
Strike4.00
Calls · V 2 · OI 15
Puts · V 10 · OI 41
Strike4.50
Calls · V 8 · OI 35
Puts · V 1 · OI 1049
Strike5.00
Calls · V 15 · OI 2542
Puts · V 7 · OI 2480
Strike5.50
Calls · V 1 · OI 1410
Puts · V 4 · OI 98
Strike6.00
Calls · V 40 · OI 1026
Puts · V 2 · OI 8
Term Structure
Expiration activity
Expiry18 Sep 2026
Contracts31
Avg IV1.58
Put-call0.61
Expiry25 Sep 2026
Contracts33
Avg IV0.87
Put-call0.37
Expiry2 Oct 2026
Contracts27
Avg IV0.86
Put-call0.09
Expiry9 Oct 2026
Contracts22
Avg IV0.88
Put-call0.46
Skew
Call/put IV balance
18 Sep 2026Balanced skew
Call IV0.97
Put IV0.97
Skew-
25 Sep 2026Call IV premium
Call IV0.90
Put IV0.82
Skew-0.08
2 Oct 2026Call IV premium
Call IV0.88
Put IV0.75
Skew-0.13
9 Oct 2026Balanced skew
Call IV0.85
Put IV0.85
Skew0.00
Contract Tape
Most active contracts
ContractUAMY260918P00009500
SidePut
Expiry18 Sep 2026
Strike9.50
Volume-
OI-
IV5.19
ContractUAMY260925P00012000
SidePut
Expiry25 Sep 2026
Strike12.00
Volume-
OI-
IV5.13
ContractUAMY261009C00008500
SideCall
Expiry9 Oct 2026
Strike8.50
Volume-
OI29
IV1.73
ContractUAMY261009C00009000
SideCall
Expiry9 Oct 2026
Strike9.00
Volume-
OI10
IV1.84
ContractUAMY260918C00008000
SideCall
Expiry18 Sep 2026
Strike8.00
Volume-
OI10
IV4.06
ContractUAMY260918C00009000
SideCall
Expiry18 Sep 2026
Strike9.00
Volume-
OI3
IV6.25
ContractUAMY261009P00008500
SidePut
Expiry9 Oct 2026
Strike8.50
Volume-
OI2
IV2.48
ContractUAMY261002C00010000
SideCall
Expiry2 Oct 2026
Strike10.00
Volume-
OI2
IV2.45
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.