Primary read
Bullish
Call-side pressure
Ticker Options Intelligence
TAP options intelligence
Molson Coors Brewing Co Class B options pressure, expected move, strike concentration, and Sharemaestro trend context.
Conviction
36
Market data through 31 Jul 2026
Checked 2 Aug 2026 05:57 · complete available chain
Call-side pressure
Bullish pressure
TAP currently carries bullish options pressure with a 36/100 conviction score. The nearest-chain expected move is 7.7%, with volume/open-interest participation at 0.01.
Expected move
7.7%
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
5
Options are not fully confirming trend
Weekly backdrop
+1.5%
RS -14.6
Expected move
7.7%
Put-call volume
0.21
Volume / OI
0.01
Reference IV
0.40
Max pain
40.00
Underlying
41.56
Nearest expiry
21 Aug 2026
Contracts
184
Research Brief
TAP has a bullish chain read with 36/100 evidence alignment.
The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 38.36–44.76; The largest call open-interest concentration is 42.50; the largest put concentration is 40.00. The most active strike by current volume is 45.00.
Priced range38.36–44.76
Call concentration42.50
Put concentration40.00
Max pain reference40.00
- 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 38.36 to 44.76. Max pain at 40.00 sits inside that range, 3.8% below spot.
Spot
Max pain
38.3641.56 ± 3.2044.76
Confirmation level
A close beyond 44.76 or below 38.36 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 36/100
Pressure is 66/100 toward calls; conviction uses its strength, while the signal label carries its direction.
Directional pressure66 × 42%
+27.7
How strongly activity leans toward calls or puts.
Participation3 × 22%
+0.6
Volume relative to existing open interest and contract-level activity.
Trend agreement5 × 26%
+1.3
How closely the chain read agrees with the underlying trend backdrop.
Volatility59 × 10%
+5.9
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 42.50; the largest put concentration is 40.00. The most active strike by current volume is 45.00. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.
Put open interestStrikeCall open interest
0
22.50-45.9%
0
0
25.00-39.8%
0
1
27.50-33.8%
0
44
30.00-27.8%
0
108
32.50-21.8%
0
402
35.00-15.8%
3
754
37.50-9.8%
98
1460
40.00-3.8%
734
69
42.502.3%
1106
13
45.008.3%
1007
0
47.5014.3%
541
0
50.0020.3%
53
0
55.0032.3%
2
Nearest spot strike Max pain strikeBars show relative OI within this expiry
Volatility Curve
Front-loaded volatility
Near-term options are materially richer than later expirations, consistent with concentrated event or immediate-risk pricing.
0.40
21 Aug
21d
0.36
18 Sep
49d
0.33
16 Oct
77d
0.33
15 Jan
168d
0.33
21 Jan
539d
Volatility by Strike
Balanced wings
Comparable upside calls and downside puts carry broadly similar implied volatility.
35
38
40
43
45
48
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
- 31 Jul 2026
- Calculation
- v2.0
- Contracts
- 184 / 184
- 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
Options activity is concentrated around a live event window, so the cleanest read is event positioning rather than pure direction.
Options pressure and weekly price action are pointing in the same constructive direction.
Earnings/event positioning matters because it connects the options headline to the actual evidence: $23375 of estimated gross traded notional, calls · 91+ days · atm, and a bullish flow confirms price backdrop. Use it as a research priority signal, then validate the chart, liquidity, event calendar, and risk before acting.
Options pressure+66
1W price+1.5%
Call premium81%
Put premium19%
Notional split
C 81% / P 19%
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
5/100
Agreement between options pressure and Sharemaestro market context.
Event window
4 Aug
Matched earnings event is 2 days away.
Aggregate chain data does not identify trade aggressor or opening versus closing activity; call/put concentration is not proof of market direction.
Calls · 91+ days · ATM
calls cluster with 17 contracts traded, $5270 estimated gross traded notional, and 23% of visible notional.
$5270
Calls · 46-90 days · ATM
calls cluster with 21 contracts traded, $4258 estimated gross traded notional, and 18% of visible notional.
$4258
Calls · 46-90 days · OTM
calls cluster with 42 contracts traded, $3842 estimated gross traded notional, and 16% of visible notional.
$3842
Calls · 8-21 days · OTM
calls cluster with 54 contracts traded, $2430 estimated gross traded notional, and 10% of visible notional.
$2430
Calls · 91+ days · ITM
calls cluster with 1 contracts traded, $1720 estimated gross traded notional, and 7% of visible notional.
$1720
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.
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
Close41.56
1W+1.5%
RS-14.6
Fair value-18.2%
Options pressure66
Speculation3
Volatility59
Trend fit5
Today Versus Normal
Stored-options context
30d avg - · 3/10 sessions
-
90d avg - · 3/30 sessions
-
180d avg - · 3/60 sessions
-
30d avg - · 3/10 sessions
-
90d avg - · 3/30 sessions
-
180d avg - · 3/60 sessions
-
30d avg - · 3/10 sessions
-
90d avg - · 3/30 sessions
-
180d avg - · 3/60 sessions
-
30d avg - · 3/10 sessions
-
90d avg - · 3/30 sessions
-
180d avg - · 3/60 sessions
-
Pressure Trail
Recent pressure and volatility
29 Jul 10:32
Bullish
Pressure 54
Move 9.8%
30 Jul 10:30
Bullish
Pressure 54
Move 9.8%
31 Jul 10:21
Bearish
Pressure -20
Move 8.2%
2 Aug 04:57
Bullish
Pressure 66
Move 7.7%
Strike Map
Where activity is clustering
Strike22.50
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike25.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike27.50
Calls · V 0 · OI 0
Puts · V 0 · OI 1
Strike30.00
Calls · V 0 · OI 0
Puts · V 0 · OI 44
Strike32.50
Calls · V 0 · OI 0
Puts · V 0 · OI 108
Strike35.00
Calls · V 0 · OI 3
Puts · V 2 · OI 402
Strike37.50
Calls · V 0 · OI 98
Puts · V 1 · OI 754
Strike40.00
Calls · V 0 · OI 734
Puts · V 18 · OI 1460
Term Structure
Expiration activity
Expiry21 Aug 2026
Contracts26
Avg IV0.40
Put-call0.33
Expiry18 Sep 2026
Contracts26
Avg IV0.36
Put-call0.50
Expiry16 Oct 2026
Contracts34
Avg IV0.33
Put-call0.05
Expiry15 Jan 2027
Contracts54
Avg IV0.33
Put-call0.20
Expiry21 Jan 2028
Contracts44
Avg IV0.33
Put-call2.00
Skew
Call/put IV balance
21 Aug 2026Balanced skew
Call IV0.39
Put IV0.41
Skew0.02
18 Sep 2026Put IV premium
Call IV0.30
Put IV0.41
Skew0.11
16 Oct 2026Put IV premium
Call IV0.31
Put IV0.37
Skew0.06
15 Jan 2027Put IV premium
Call IV0.30
Put IV0.38
Skew0.08
21 Jan 2028Put IV premium
Call IV0.30
Put IV0.38
Skew0.08
Contract Tape
Most active contracts
ContractTAP260821C00045000
SideCall
Expiry21 Aug 2026
Strike45.00
Volume54
OI1007
IV0.39
ContractTAP261016C00045000
SideCall
Expiry16 Oct 2026
Strike45.00
Volume30
OI539
IV0.30
ContractTAP261016C00042500
SideCall
Expiry16 Oct 2026
Strike42.50
Volume20
OI143
IV0.31
ContractTAP260821P00040000
SidePut
Expiry21 Aug 2026
Strike40.00
Volume18
OI1460
IV0.41
ContractTAP270115C00042500
SideCall
Expiry15 Jan 2027
Strike42.50
Volume17
OI815
IV0.29
ContractTAP261016C00050000
SideCall
Expiry16 Oct 2026
Strike50.00
Volume11
OI385
IV0.35
ContractTAP260821C00042500
SideCall
Expiry21 Aug 2026
Strike42.50
Volume10
OI1106
IV0.38
ContractTAP270115P00040000
SidePut
Expiry15 Jan 2027
Strike40.00
Volume3
OI1470
IV0.38
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.