Ticker Options Intelligence

TRS options intelligence

TriMas Corporation options pressure, expected move, strike concentration, and Sharemaestro trend context.

Conviction 54 Market data through 30 Jul 2026 Checked 31 Jul 2026 09:03 · complete available chain

Put-side pressure

Bearish pressure

TRS currently carries bearish options pressure with a 54/100 conviction score. The nearest-chain expected move is 10.4%, with volume/open-interest participation at 0.74.

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

Put-side pressure

Expected move 10.4%

Wider near-term move priced

Activity / OI 0.74

Current volume is elevated versus prior open interest

Put-call -

Balanced tape

Trend fit 21

Options are not fully confirming trend

Weekly backdrop -0.2%

RS -2.1

Expected move 10.4%
Put-call volume -
Volume / OI 0.74
Reference IV 0.42
Max pain 45.00
Underlying 40.03
Nearest expiry 21 Aug 2026
Contracts 76

Research Brief

TRS has a bearish chain read with 54/100 evidence alignment.

The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 35.88–44.18; The largest call open-interest concentration is 45.00; the largest put concentration is 45.00. The most active strike by current volume is 22.50.

Priced range35.88–44.18
Call concentration45.00
Put concentration45.00
Max pain reference45.00
What would confirm it
  • Price remains weak while put-side concentration persists.
What would weaken it
  • Price recovers while put pressure fades or reverses toward calls.
  • 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 35.88 to 44.18. Max pain at 45.00 lies outside the priced range, so it is a weak near-term anchor.

Spot Max pain
35.8840.03 ± 4.1544.18
Confirmation level

A close beyond 44.18 or below 35.88 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 54/100

Evidence alignment, not probability

Pressure is 89/100 toward puts; conviction uses its strength, while the signal label carries its direction.

Directional pressure89 × 42%
+37.3

How strongly activity leans toward calls or puts.

Participation17 × 22%
+3.8

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

Trend agreement21 × 26%
+5.5

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

Volatility70 × 10%
+7.0

The intensity of implied volatility and the priced move.

Reconstructed score53.6Matches stored calculation

Positioning by Strike

Where open interest and current activity concentrate

Full strike map

The largest call open-interest concentration is 45.00; the largest put concentration is 45.00. The most active strike by current volume is 22.50. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.

Put open interestStrikeCall open interest
0
22.50-43.8%
0
0
25.00-37.5%
0
0
30.00-25.1%
0
0
35.00-12.6%
0
0
40.00-0.1%
0
20
45.0012.4%
7
0
50.0024.9%
0
0
55.0037.4%
0
0
60.0049.9%
0
Nearest spot strike Max pain strikeBars show relative OI within this expiry

Volatility Curve

Balanced volatility curve

1.05× front/back

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

0.42 21 Aug 22d
0.33 18 Sep 50d
0.38 18 Dec 141d
0.40 19 Mar 232d

Volatility by Strike

Upside optionality premium

Nearest expiry, within 20% of spot

Out-of-the-money calls carry higher implied volatility than comparable puts, indicating richer upside optionality.

35
40
45
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

Usable with limits

C69/100
Retained chain100%
Implied volatility100%
Two-sided quotes100%
Open interest100%
Chain status
Complete available chain
Market date
30 Jul 2026
Calculation
v2.0
Contracts
76 / 76
  • 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

77/100
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 Bearish flow before price confirmation

Put-side pressure is present before a decisive weekly price breakdown.

Why this matters

Earnings/event positioning matters because it connects the options headline to the actual evidence: $10000 of estimated gross traded notional, puts · 46-90 days · otm, and a bearish flow before price confirmation backdrop. Use it as a research priority signal, then validate the chart, liquidity, event calendar, and risk before acting.

Options pressure-89
1W price-0.2%
Call premium0%
Put premium100%
Notional split C 0% / P 100% Estimated gross traded notional uses volume × contract multiplier × midpoint, or last price when no valid midpoint is available.
Freshness 0.74 Volume divided by open interest across the visible chain.
Trend fit 21/100 Agreement between options pressure and Sharemaestro market context.
Event window 4 Aug Matched earnings event is 3 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 Puts · 46-90 days · OTM
Puts · 46-90 days · OTM puts cluster with 500 contracts traded, $10000 estimated gross traded notional, and 100% of visible notional.
$10000

Setup Classification

Opportunity and risk frame

Context, not advice
Warning Speculative chase

Participation is active enough to treat follow-through risk carefully.

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

-

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

Sharemaestro weekly
Close39.93
1W-0.2%
RS-2.1
Fair value+36.6%
Options pressure-89
Speculation17
Volatility70
Trend fit21

Today Versus Normal

Stored-options context

View history
Expected move 10.4% history building
30d avg - · 2/10 sessions -
90d avg - · 2/30 sessions -
180d avg - · 2/60 sessions -
IV 0.42 history building
30d avg - · 2/10 sessions -
90d avg - · 2/30 sessions -
180d avg - · 2/60 sessions -
Put-call - history building
30d avg - · 0/10 sessions -
90d avg - · 0/30 sessions -
180d avg - · 0/60 sessions -
Volume/OI 0.74 history building
30d avg - · 2/10 sessions -
90d avg - · 2/30 sessions -
180d avg - · 2/60 sessions -

Pressure Trail

Recent pressure and volatility

Open trail
29 Jul 11:07 Bearish
Pressure -89
Move 9.7%
30 Jul 10:55 Mixed
Pressure 11
Move 5.1%
31 Jul 08:03 Bearish
Pressure -89
Move 10.4%

Strike Map

Where activity is clustering

Full strike map
Strike22.50
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike25.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike30.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike35.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike40.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike45.00
Calls · V 0 · OI 7
Puts · V 0 · OI 20
Strike50.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike55.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0

Term Structure

Expiration activity

Volume and IV
Expiry21 Aug 2026
Contracts18
Avg IV0.42
Put-call-
Expiry18 Sep 2026
Contracts20
Avg IV0.33
Put-call-
Expiry18 Dec 2026
Contracts20
Avg IV0.38
Put-call-
Expiry19 Mar 2027
Contracts18
Avg IV0.40
Put-call-

Skew

Call/put IV balance

OTM demand
21 Aug 2026Call IV premium
Call IV0.29
Put IV0.17
Skew-0.12
18 Sep 2026Put IV premium
Call IV0.19
Put IV0.46
Skew0.27
18 Dec 2026Put IV premium
Call IV0.10
Put IV0.49
Skew0.39
19 Mar 2027Put IV premium
Call IV0.40
Put IV0.48
Skew0.09

Contract Tape

Most active contracts

Full contract tape
ContractTRS260918P00030000
SidePut
Expiry18 Sep 2026
Strike30.00
Volume500
OI-
IV0.46
ContractTRS260918C00040000
SideCall
Expiry18 Sep 2026
Strike40.00
Volume-
OI458
IV0.06
ContractTRS260918C00050000
SideCall
Expiry18 Sep 2026
Strike50.00
Volume-
OI100
IV0.29
ContractTRS260821P00045000
SidePut
Expiry21 Aug 2026
Strike45.00
Volume-
OI20
IV0.53
ContractTRS260918C00020000
SideCall
Expiry18 Sep 2026
Strike20.00
Volume-
OI17
IV0.90
ContractTRS260918C00022500
SideCall
Expiry18 Sep 2026
Strike22.50
Volume-
OI16
IV0.74
ContractTRS260918P00020000
SidePut
Expiry18 Sep 2026
Strike20.00
Volume-
OI16
IV0.68
ContractTRS261218C00022500
SideCall
Expiry18 Dec 2026
Strike22.50
Volume-
OI14
IV0.61