Ticker Options Intelligence

MCHX options intelligence

Marchex Inc options pressure, expected move, strike concentration, and Sharemaestro trend context.

Conviction 44 Market data through 30 Jul 2026 Checked 30 Jul 2026 16:18 · complete available chain

Put-side pressure

Bearish pressure

MCHX currently carries bearish options pressure with a 44/100 conviction score. The nearest-chain expected move is 0.0%, with volume/open-interest participation at -.

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

Put-side pressure

Expected move 0.0%

Near-term move context

Activity / OI -

Current volume is quieter versus prior open interest

Put-call -

Balanced tape

Trend fit 8

Options are not fully confirming trend

Weekly backdrop +0.0%

RS -3.2

Expected move 0.0%
Put-call volume -
Volume / OI -
Reference IV 0.00
Max pain 2.50
Underlying 1.80
Nearest expiry 18 Sep 2026
Contracts 1

Research Brief

MCHX has a bearish 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 1.80–1.80; The largest call open-interest concentration is 2.50; the largest put concentration is 2.50. The most active strike by current volume is 2.50.

Priced range1.80–1.80
Call concentration2.50
Put concentration2.50
Max pain reference2.50
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 18 Sep

Options imply 1.80 to 1.80. Max pain at 2.50 lies outside the priced range, so it is a weak near-term anchor.

Spot Max pain
1.801.80 ± 0.001.80
Confirmation level

A close beyond 1.80 or below 1.80 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

Evidence alignment, not probability

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

Directional pressure100 × 42%
+42.0

How strongly activity leans toward calls or puts.

Participation0 × 22%
+0.0

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

Trend agreement8 × 26%
+2.1

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

Volatility0 × 10%
+0.0

The intensity of implied volatility and the priced move.

Reconstructed score44.1Matches stored calculation

Positioning by Strike

Where open interest and current activity concentrate

Full strike map

The largest call open-interest concentration is 2.50; the largest put concentration is 2.50. The most active strike by current volume is 2.50. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.

Put open interestStrikeCall open interest
0
2.5038.9%
0
Nearest spot strike Max pain strikeBars show relative OI within this expiry

Volatility Curve

Insufficient term structure

At least two expirations with usable near-the-money implied volatility are required.

0.00 18 Sep 50d

Volatility by Strike

Smile incomplete

Nearest expiry, within 20% of spot

There is not enough comparable OTM call and put volatility to classify the smile.

Comparable strike volatility is unavailable.

Put IV Call IV

Historical Replay

How matured reads behaved through expiry

0 directional observations

No independently verifiable option-expiry outcomes have matured yet. Legacy snapshots without a point-in-time market reference and repeated same-session snapshots are deliberately excluded.

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

A93/100
Retained chain100%
Implied volatility100%
Two-sided quotes100%
Open interest100%
Chain status
Complete available chain
Market date
30 Jul 2026
Calculation
v1.x legacy
Contracts
1 / 1
  • 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

Put-heavy activity

94/100
Primary intent Put-heavy activity

Put-side activity dominates. This can reflect hedging or directional positioning, but the chain alone cannot distinguish buying from selling.

Flow vs price divergence Bearish flow before price confirmation

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

Why this matters

Put-heavy activity matters because it connects the options headline to the actual evidence: $115 of estimated gross traded notional, puts · 46-90 days · itm, 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-100
1W price+0.0%
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 - Volume divided by open interest across the visible chain.
Trend fit 8/100 Agreement between options pressure and Sharemaestro market context.
Event window 11 Aug Matched earnings event is 11 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 · ITM
Puts · 46-90 days · ITM puts cluster with 1 contracts traded, $115 estimated gross traded notional, and 100% of visible notional.
$115

Setup Classification

Opportunity and risk frame

Context, not advice
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
Close1.80
1W+0.0%
RS-3.2
Fair value+8.3%
Options pressure-100
Speculation0
Volatility0
Trend fit8

Today Versus Normal

Stored-options context

View history
Expected move 0.0% history building
30d avg - · 2/10 sessions -
90d avg - · 2/30 sessions -
180d avg - · 2/60 sessions -
IV 0.00 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 - 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 11:47 Mixed
Pressure 0
Move 32.2%
30 Jul 11:24 Mixed
Pressure 0
Move 64.6%
30 Jul 15:18 Bearish
Pressure -100
Move 0.0%

Strike Map

Where activity is clustering

Full strike map
Strike2.50
Calls · V 0 · OI 0
Puts · V 1 · OI 0

Term Structure

Expiration activity

Volume and IV
Expiry18 Sep 2026
Contracts1
Avg IV0.00
Put-call-

Skew

Call/put IV balance

OTM demand
18 Sep 2026Incomplete skew
Call IV-
Put IV-
Skew-

Contract Tape

Most active contracts

Full contract tape
ContractMCHX260918P00002500
SidePut
Expiry18 Sep 2026
Strike2.50
Volume1
OI-
IV0.00