Primary read
Bullish
Call-side pressure
Ticker Options Intelligence
FMX options intelligence
Fomento Economico Mexicano options pressure, expected move, strike concentration, and Sharemaestro trend context.
Conviction
48
Market data through 30 Jul 2026
Checked 30 Jul 2026 16:07 · complete available chain
Call-side pressure
Bullish pressure
FMX currently carries bullish options pressure with a 48/100 conviction score. The nearest-chain expected move is 8.5%, with volume/open-interest participation at 0.17.
Expected move
8.5%
Wider near-term move priced
Activity / OI
0.17
Current volume is quieter versus prior open interest
Put-call
0.28
Call-side skew
Trend fit
30
Options are not fully confirming trend
Weekly backdrop
+0.7%
RS 13.1
Expected move
8.5%
Put-call volume
0.28
Volume / OI
0.17
Reference IV
0.40
Max pain
125.00
Underlying
127.12
Nearest expiry
21 Aug 2026
Contracts
43
Research Brief
FMX has a bullish chain read with 48/100 evidence alignment.
The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 116.35–137.89; The largest call open-interest concentration is 135.00; the largest put concentration is 120.00. The most active strike by current volume is 130.00.
Priced range116.35–137.89
Call concentration135.00
Put concentration120.00
Max pain reference125.00
- 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 116.35 to 137.89. Max pain at 125.00 sits inside that range, 1.7% below spot.
Spot
Max pain
116.35127.12 ± 10.77137.89
Confirmation level
A close beyond 137.89 or below 116.35 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 48/100
Pressure is 67/100 toward calls; conviction uses its strength, while the signal label carries its direction.
Directional pressure67 × 42%
+28.1
How strongly activity leans toward calls or puts.
Participation26 × 22%
+5.7
Volume relative to existing open interest and contract-level activity.
Trend agreement30 × 26%
+7.8
How closely the chain read agrees with the underlying trend backdrop.
Volatility62 × 10%
+6.2
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 135.00; the largest put concentration is 120.00. The most active strike by current volume is 130.00. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.
Put open interestStrikeCall open interest
6
120.00-5.6%
0
4
125.00-1.7%
1
0
130.002.3%
4
0
135.006.2%
470
0
140.0010.1%
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
22d
0.41
18 Sep
50d
0.10
16 Oct
78d
0.21
15 Jan
169d
Volatility by Strike
Upside optionality premium
Out-of-the-money calls carry higher implied volatility than comparable puts, indicating richer upside optionality.
120
125
130
135
140
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
- 30 Jul 2026
- Calculation
- v1.x legacy
- Contracts
- 43 / 43
- 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.
Call-side pressure is building before a meaningful weekly price response.
Multi-expiry position-maintenance candidate matters because it connects the options headline to the actual evidence: $82530 of estimated gross traded notional, calls · 46-90 days · itm, and a bullish 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+67
1W price+0.7%
Call premium92%
Put premium8%
Notional split
C 92% / P 8%
Estimated gross traded notional uses volume × contract multiplier × midpoint, or last price when no valid midpoint is available.
Freshness
0.17
Volume divided by open interest across the visible chain.
Trend fit
30/100
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 · 46-90 days · ITM
calls cluster with 34 contracts traded, $61547 estimated gross traded notional, and 75% of visible notional.
$61547
Calls · 46-90 days · ATM
calls cluster with 12 contracts traded, $7380 estimated gross traded notional, and 9% of visible notional.
$7380
Puts · 46-90 days · OTM
puts cluster with 14 contracts traded, $4118 estimated gross traded notional, and 5% of visible notional.
$4118
Calls · 22-45 days · ATM
calls cluster with 11 contracts traded, $3190 estimated gross traded notional, and 4% of visible notional.
$3190
Calls · 22-45 days · OTM
calls cluster with 15 contracts traded, $1575 estimated gross traded notional, and 2% of visible notional.
$1575
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.
Underlying price is close to the max-pain zone.
Call pressure is building while the stock sits above Sharemaestro fair value.
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
Close127.99
1W+0.7%
RS13.1
Fair value+31.2%
Options pressure67
Speculation26
Volatility62
Trend fit30
Today Versus Normal
Stored-options context
30d avg - · 2/10 sessions
-
90d avg - · 2/30 sessions
-
180d avg - · 2/60 sessions
-
30d avg - · 2/10 sessions
-
90d avg - · 2/30 sessions
-
180d avg - · 2/60 sessions
-
30d avg - · 2/10 sessions
-
90d avg - · 2/30 sessions
-
180d avg - · 2/60 sessions
-
30d avg - · 2/10 sessions
-
90d avg - · 2/30 sessions
-
180d avg - · 2/60 sessions
-
Pressure Trail
Recent pressure and volatility
29 Jul 10:11
Bullish
Pressure 100
Move 5.4%
30 Jul 10:06
Bullish
Pressure 82
Move 9.0%
30 Jul 15:07
Bullish
Pressure 67
Move 8.5%
Strike Map
Where activity is clustering
Strike120.00
Calls · V 0 · OI 0
Puts · V 3 · OI 6
Strike125.00
Calls · V 0 · OI 1
Puts · V 2 · OI 4
Strike130.00
Calls · V 11 · OI 4
Puts · V 0 · OI 0
Strike135.00
Calls · V 10 · OI 470
Puts · V 0 · OI 0
Strike140.00
Calls · V 5 · OI 2
Puts · V 0 · OI 0
Term Structure
Expiration activity
Expiry21 Aug 2026
Contracts6
Avg IV0.40
Put-call0.19
Expiry18 Sep 2026
Contracts1
Avg IV0.41
Put-call-
Expiry16 Oct 2026
Contracts24
Avg IV0.10
Put-call0.30
Expiry15 Jan 2027
Contracts12
Avg IV0.21
Put-call1.33
Skew
Call/put IV balance
21 Aug 2026Call IV premium
Call IV0.51
Put IV0.43
Skew-0.09
18 Sep 2026Incomplete skew
Call IV0.41
Put IV-
Skew-
16 Oct 2026Balanced skew
Call IV0.36
Put IV0.32
Skew-0.04
15 Jan 2027Put IV premium
Call IV0.03
Put IV0.28
Skew0.25
Contract Tape
Most active contracts
ContractFMX270115C00145000
SideCall
Expiry15 Jan 2027
Strike145.00
Volume-
OI5
IV0.06
ContractFMX261016P00070000
SidePut
Expiry16 Oct 2026
Strike70.00
Volume-
OI4
IV1.01
ContractFMX261016P00090000
SidePut
Expiry16 Oct 2026
Strike90.00
Volume-
OI2
IV0.13
ContractFMX261016P00075000
SidePut
Expiry16 Oct 2026
Strike75.00
Volume-
OI2
IV0.78
ContractFMX270115C00150000
SideCall
Expiry15 Jan 2027
Strike150.00
Volume-
OI1
IV0.06
ContractFMX270115P00115000
SidePut
Expiry15 Jan 2027
Strike115.00
Volume-
OI1
IV0.30
ContractFMX270115P00120000
SidePut
Expiry15 Jan 2027
Strike120.00
Volume-
OI1
IV0.28
ContractFMX270115P00110000
SidePut
Expiry15 Jan 2027
Strike110.00
Volume-
OI1
IV0.32
Research Graph
Related research and context
Sharemaestro research
Related News
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.