Primary read
Bullish
Call-side pressure
Ticker Options Intelligence
METC options intelligence
Ramaco Resources Inc options pressure, expected move, strike concentration, and Sharemaestro trend context.
Conviction
41
Market data through 29 Jul 2026
Checked 30 Jul 2026 06:13 · complete available chain
Call-side pressure
Bullish pressure
METC currently carries bullish options pressure with a 41/100 conviction score. The nearest-chain expected move is 22.2%, with volume/open-interest participation at 0.10.
Expected move
22.2%
Wider near-term move priced
Activity / OI
0.10
Current volume is quieter versus prior open interest
Put-call
0.40
Call-side skew
Trend fit
4
Options are not fully confirming trend
Weekly backdrop
-11.2%
RS -52.9
Expected move
22.2%
Put-call volume
0.40
Volume / OI
0.10
Reference IV
1.16
Max pain
11.00
Underlying
10.35
Nearest expiry
21 Aug 2026
Contracts
336
Research Brief
METC has a bullish chain read with 41/100 evidence alignment.
The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 8.05–12.65; The largest call open-interest concentration is 11.00; the largest put concentration is 9.00. The most active strike by current volume is 11.00.
Priced range8.05–12.65
Call concentration11.00
Put concentration9.00
Max pain reference11.00
- 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 8.05 to 12.65. Max pain at 11.00 sits inside that range, 6.3% above spot.
Spot
Max pain
8.0510.35 ± 2.3012.65
Confirmation level
A close beyond 12.65 or below 8.05 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 41/100
Pressure is 50/100 toward calls; conviction uses its strength, while the signal label carries its direction.
Directional pressure50 × 42%
+21.1
How strongly activity leans toward calls or puts.
Participation42 × 22%
+9.3
Volume relative to existing open interest and contract-level activity.
Trend agreement4 × 26%
+0.9
How closely the chain read agrees with the underlying trend backdrop.
Volatility96 × 10%
+9.6
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 11.00; the largest put concentration is 9.00. The most active strike by current volume is 11.00. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.
Put open interestStrikeCall open interest
100
6.00-42.0%
1
7
7.00-32.4%
0
647
8.00-22.7%
3
799
9.00-13.0%
46
638
10.00-3.4%
1283
252
11.006.3%
22416
665
12.0015.9%
6748
723
13.0025.6%
1530
342
14.0035.3%
1684
170
15.0044.9%
1803
27
16.0054.6%
462
10
17.0064.3%
127
13
18.0073.9%
767
10
19.0083.6%
108
0
20.0093.2%
616
0
21.00102.9%
56
0
22.00112.6%
33
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.
1.16
21 Aug
22d
1.00
18 Sep
50d
0.95
18 Dec
141d
0.93
15 Jan
169d
0.88
19 Mar
232d
0.80
21 Jan
540d
Volatility by Strike
Balanced wings
Comparable upside calls and downside puts carry broadly similar implied volatility.
9
10
11
12
Put IV Call IV
Historical Replay
How matured reads behaved through expiry
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
Usable with limits
Retained chain100%
Implied volatility100%
Two-sided quotes100%
Open interest100%
- Chain status
- Complete available chain
- Market date
- 29 Jul 2026
- Calculation
- v1.x legacy
- Contracts
- 336 / 336
- 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
Multi-expiry position-maintenance candidate
Activity is spread across expirations with heavier open interest than current volume, which can be consistent with position maintenance.
Options are leaning call-side while the stock is down on the week, a divergence that needs price confirmation.
Multi-expiry position-maintenance candidate matters because it connects the options headline to the actual evidence: $925670 of estimated gross traded notional, calls · 22-45 days · otm, 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+50
1W price-11.2%
Call premium47%
Put premium53%
Notional split
C 47% / P 53%
Estimated gross traded notional uses volume × contract multiplier × midpoint, or last price when no valid midpoint is available.
Freshness
0.10
Volume divided by open interest across the visible chain.
Trend fit
4/100
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.
Roll detection is conservative because opening and closing legs are not directly observable in this snapshot.
Calls · 22-45 days · OTM
calls cluster with 6247 contracts traded, $360575 estimated gross traded notional, and 39% of visible notional.
$360575
Puts · 91+ days · OTM
puts cluster with 2269 contracts traded, $338854 estimated gross traded notional, and 37% of visible notional.
$338854
Puts · 91+ days · ITM
puts cluster with 312 contracts traded, $145840 estimated gross traded notional, and 16% of visible notional.
$145840
Calls · 91+ days · OTM
calls cluster with 257 contracts traded, $45063 estimated gross traded notional, and 5% of visible notional.
$45063
Calls · 91+ days · ITM
calls cluster with 68 contracts traded, $16628 estimated gross traded notional, and 2% of visible notional.
$16628
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
1 of 10 completed market sessions are available. More session history is needed before activity can be compared with a reliable normal.
Baseline: 1 completed session
Volume rank-
Volume/OI rank-
IV rank-
Market Context
Underlying confirmation
Close10.35
1W-11.2%
RS-52.9
Fair value-26.7%
Options pressure50
Speculation42
Volatility96
Trend fit4
Today Versus Normal
Stored-options context
30d avg - · 1/10 sessions
-
90d avg - · 1/30 sessions
-
180d avg - · 1/60 sessions
-
30d avg - · 1/10 sessions
-
90d avg - · 1/30 sessions
-
180d avg - · 1/60 sessions
-
30d avg - · 1/10 sessions
-
90d avg - · 1/30 sessions
-
180d avg - · 1/60 sessions
-
30d avg - · 1/10 sessions
-
90d avg - · 1/30 sessions
-
180d avg - · 1/60 sessions
-
Pressure Trail
Recent pressure and volatility
29 Jul 11:13
Bullish
Pressure 40
Move 22.9%
30 Jul 05:13
Bullish
Pressure 50
Move 22.2%
Strike Map
Where activity is clustering
Strike5.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike6.00
Calls · V 0 · OI 1
Puts · V 0 · OI 100
Strike7.00
Calls · V 0 · OI 0
Puts · V 0 · OI 7
Strike8.00
Calls · V 0 · OI 3
Puts · V 6 · OI 647
Strike9.00
Calls · V 10 · OI 46
Puts · V 9 · OI 799
Strike10.00
Calls · V 45 · OI 1283
Puts · V 4 · OI 638
Strike11.00
Calls · V 5890 · OI 22416
Puts · V 2 · OI 252
Strike12.00
Calls · V 6 · OI 6748
Puts · V 1 · OI 665
Term Structure
Expiration activity
Expiry21 Aug 2026
Contracts36
Avg IV1.16
Put-call0.00
Expiry18 Sep 2026
Contracts78
Avg IV1.00
Put-call1.09
Expiry18 Dec 2026
Contracts52
Avg IV0.95
Put-call187.00
Expiry15 Jan 2027
Contracts86
Avg IV0.93
Put-call8.26
Expiry19 Mar 2027
Contracts34
Avg IV0.88
Put-call-
Skew
Call/put IV balance
21 Aug 2026Balanced skew
Call IV1.15
Put IV1.17
Skew0.02
18 Sep 2026Call IV premium
Call IV1.08
Put IV1.02
Skew-0.06
18 Dec 2026Call IV premium
Call IV1.01
Put IV0.90
Skew-0.11
15 Jan 2027Balanced skew
Call IV0.94
Put IV0.95
Skew0.01
19 Mar 2027Call IV premium
Call IV0.98
Put IV0.86
Skew-0.12
Contract Tape
Most active contracts
ContractMETC260821C00011000
SideCall
Expiry21 Aug 2026
Strike11.00
Volume5890
OI22416
IV1.12
ContractMETC261218P00008000
SidePut
Expiry18 Dec 2026
Strike8.00
Volume1655
OI178
IV0.90
ContractMETC270115P00010000
SidePut
Expiry15 Jan 2027
Strike10.00
Volume525
OI1902
IV0.90
ContractMETC270115P00013000
SidePut
Expiry15 Jan 2027
Strike13.00
Volume300
OI499
IV0.94
ContractMETC260821C00014000
SideCall
Expiry21 Aug 2026
Strike14.00
Volume208
OI1684
IV1.23
ContractMETC260821C00015000
SideCall
Expiry21 Aug 2026
Strike15.00
Volume136
OI1803
IV1.38
ContractMETC270115P00008000
SidePut
Expiry15 Jan 2027
Strike8.00
Volume65
OI658
IV0.95
ContractMETC270115C00010000
SideCall
Expiry15 Jan 2027
Strike10.00
Volume60
OI334
IV0.98
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
No upcoming matched earnings event.
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.