Ticker Options Intelligence

SHMD options intelligence

SCHMID Group N.V. Class A Ordinary Shares options pressure, expected move, strike concentration, and Sharemaestro trend context.

Conviction 47 Market data through 16 Sep 2026 Checked 17 Sep 2026 11:09 · complete available chain

Volatility expansion watch

Volatility pressure

SHMD currently carries volatility options pressure with a 47/100 conviction score. The nearest-chain expected move is 43.3%, with volume/open-interest participation at 0.01.

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

Volatility expansion watch

Expected move 43.3%

Wider near-term move priced

Activity / OI 0.01

Current volume is quieter versus prior open interest

Put-call 0.12

Call-side skew

Trend fit 0

Options are not fully confirming trend

Weekly backdrop +9.2%

RS -41.2

Expected move 43.3%
Put-call volume 0.13
Volume / OI 0.01
Reference IV 5.85
Max pain 2.50
Underlying 3.38
Nearest expiry 18 Sep 2026
Contracts 32

Research Brief

SHMD has a volatility chain read with 47/100 evidence alignment.

The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 1.92–4.84; The largest call open-interest concentration is 5.00; the largest put concentration is 2.50. The most active strike by current volume is 2.50.

Priced range1.92–4.84
Call concentration5.00
Put concentration2.50
Max pain reference2.50
What would confirm it
  • A clear directional pressure reading develops and price begins to agree.
What would weaken it
  • Volatility falls and the chain remains directionally mixed.
  • 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

Size, not direction · through 18 Sep

Options imply 1.92 to 4.84. Max pain at 2.50 sits inside that range, 26.0% below spot.

Spot Max pain
1.923.38 ± 1.464.84
Confirmation level

A close beyond 4.84 or below 1.92 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 47/100

Evidence alignment, not probability

Pressure is 88/100 toward calls; conviction uses its strength, while the signal label carries its direction.

Directional pressure88 × 42%
+37.0

How strongly activity leans toward calls or puts.

Participation1 × 22%
+0.1

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

Trend agreement0 × 26%
+0.0

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

Volatility96 × 10%
+9.6

The intensity of implied volatility and the priced move.

Reconstructed score46.7Matches stored calculation

Positioning by Strike

Where open interest and current activity concentrate

Full strike map

The largest call open-interest concentration is 5.00; 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
27
2.50-26.0%
16
12
5.0047.9%
483
1
7.50121.9%
2
3
10.00195.9%
1
Nearest spot strike Max pain strikeBars show relative OI within this expiry

Gamma Profile by Strike

Positive gamma proxy

Reported Greeks · 96% coverage

Call-side gamma sensitivity outweighs the put-side proxy across the retained chain. The largest bars mark levels where delta-hedging sensitivity may be most concentrated.

Net profile+$4,880Delta change / 1% move
Positive peak7.50+$1,846
Negative peak-No negative strike
Nearest balance-Interpolated sign change
StrikeNegativePositiveNet / 1% move
2.50-26.0%
+$943
5.0047.9%
+$1,743
7.50121.9%
+$1,846
10.00195.9%
+$348
Positive call-side proxy Negative put-side proxyHighlighted row is nearest spot strike

Scenario proxy = gamma × open interest × 100 shares × spot² × 1%. Calls are positive and puts negative by convention. Missing Greeks use a Black-Scholes estimate from stored IV with zero rate and dividend assumptions. Open interest does not reveal who is long or short, so this is not observed dealer positioning or a forecast.

Volatility Curve

Front-loaded volatility

3.82× front/back

Near-term options are materially richer than later expirations, consistent with concentrated event or immediate-risk pricing.

5.85 18 Sep 2d
1.75 16 Oct 30d
1.47 15 Jan 121d
1.53 16 Apr 212d

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

22 matured · 3 directional

Across 3 stored directional transitions, the next stored price moved in the labelled direction 33% of the time.

Directional follow-through33%
Moves contained by pricing95%
Average expiry move15.1%
16 Sep Volatility · 47 9.2% through expiry 43.3% priced · v2.0
14 Sep Volatility · 53 9.2% through expiry 59.0% priced · v2.0
10 Sep Volatility · 61 17.1% through expiry 46.3% priced · v2.0
8 Sep Volatility · 52 17.1% through expiry 56.7% priced · v2.0
3 Sep Volatility · 59 22.8% through expiry 60.5% priced · v2.0
1 Sep Volatility · 61 22.8% through expiry 58.6% priced · v2.0
28 Aug Volatility · 64 22.8% through expiry 47.2% priced · v2.0
26 Aug Bullish · 38 -24.8% through expiry 45.3% priced · v2.0
25 Aug Volatility · 46 -24.8% through expiry 39.7% priced · v2.0
20 Aug Bullish · 31 -9.9% through expiry 9.2% priced · v2.0
17 Aug Volatility · 52 -9.9% through expiry 17.0% priced · v2.0
14 Aug Volatility · 47 4.0% through expiry 20.1% priced · v2.0

Eligible snapshots must have a dated market session, stored signal, and point-in-time market reference. Each observation uses one read per market session and the first stored weekly close on or immediately after expiry; its original calculation version is retained. 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
16 Sep 2026
Calculation
v2.0
Contracts
32 / 32
  • 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

Volatility expansion bet

92/100
Primary intent Volatility expansion bet

The strongest message is movement risk: expected move and implied volatility are carrying more signal than direction.

Flow vs price divergence Volatility flow versus price

Options are pricing movement more than direction; compare expected move with the stock's actual weekly change.

Why this matters

Volatility expansion bet matters because it connects the options headline to the actual evidence: $2,950 of estimated gross traded notional, calls · 91+ days · otm, and a volatility flow versus price backdrop. Use it as a research priority signal, then validate the chart, liquidity, event calendar, and risk before acting.

Options pressure+88
1W price+9.2%
Call premium68%
Put premium32%
Notional split C 68% / P 32% 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 0/100 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.
Conviction clusters Calls · 91+ days · OTM
Calls · 91+ days · OTM calls cluster with 40 contracts traded, $2,000 estimated gross traded notional, and 68% of visible notional.
$2,000
Puts · 22-45 days · ITM puts cluster with 5 contracts traded, $950 estimated gross traded notional, and 32% of visible notional.
$950

Setup Classification

Opportunity and risk frame

Context, not advice
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

Normal range

52

Activity is broadly in line with recent stored snapshots.

Baseline: 23 completed sessions

Volume rank30th
Volume/OI rank30th
IV rank96th

Market Context

Underlying confirmation

Sharemaestro weekly
Close3.69
1W+9.2%
RS-41.2
Fair value-12.3%
Options pressure88
Speculation1
Volatility96
Trend fit0

Today Versus Normal

Stored-options context

View history
Expected move 43.3% near normal
30d avg 43.9% · 10 sessions 30th
90d avg - · 23/30 sessions -
180d avg - · 23/60 sessions -
IV 5.85 elevated
30d avg 3.39 · 10 sessions 90th
90d avg - · 23/30 sessions -
180d avg - · 23/60 sessions -
Put-call 0.12 near normal
30d avg 6.11 · 10 sessions 40th
90d avg - · 23/30 sessions -
180d avg - · 23/60 sessions -
Volume/OI 0.01 muted
30d avg 0.08 · 10 sessions 20th
90d avg - · 23/30 sessions -
180d avg - · 23/60 sessions -

Pressure Trail

Recent pressure and volatility

Open trail
29 Jul 11:29 Volatility
Pressure -43
Move 32.4%
30 Jul 02:44 Bullish
Pressure 22
Move 48.0%
30 Jul 03:42 Bullish
Pressure 41
Move 48.0%
31 Jul 10:13 Volatility
Pressure 100
Move 40.1%
2 Aug 08:57 Volatility
Pressure 100
Move 39.8%
4 Aug 10:22 Volatility
Pressure 100
Move 66.4%
5 Aug 10:54 Volatility
Pressure 100
Move 30.0%
6 Aug 11:02 Volatility
Pressure 100
Move 28.8%

Strike Map

Where activity is clustering

Full strike map
Strike2.50
Calls · V 0 · OI 16
Puts · V 0 · OI 27
Strike5.00
Calls · V 0 · OI 483
Puts · V 0 · OI 12
Strike7.50
Calls · V 0 · OI 2
Puts · V 0 · OI 1
Strike10.00
Calls · V 0 · OI 1
Puts · V 0 · OI 3

Term Structure

Expiration activity

Volume and IV
Expiry18 Sep 2026
Contracts8
Avg IV5.85
Put-call-
Expiry16 Oct 2026
Contracts8
Avg IV1.75
Put-call-
Expiry15 Jan 2027
Contracts8
Avg IV1.47
Put-call-
Expiry16 Apr 2027
Contracts8
Avg IV1.53
Put-call-

Skew

Call/put IV balance

OTM demand
18 Sep 2026Call IV premium
Call IV2.93
Put IV2.31
Skew-0.62
16 Oct 2026Call IV premium
Call IV0.76
Put IV0.60
Skew-0.16
15 Jan 2027Call IV premium
Call IV1.37
Put IV1.16
Skew-0.21
16 Apr 2027Call IV premium
Call IV1.76
Put IV1.26
Skew-0.50

Contract Tape

Most active contracts

Full contract tape
ContractSHMD270115C00005000
SideCall
Expiry15 Jan 2027
Strike5.00
Volume40
OI764
IV1.23
ContractSHMD261016P00005000
SidePut
Expiry16 Oct 2026
Strike5.00
Volume5
OI103
IV1.73
ContractSHMD270115C00007500
SideCall
Expiry15 Jan 2027
Strike7.50
Volume-
OI1143
IV1.37
ContractSHMD270115C00002500
SideCall
Expiry15 Jan 2027
Strike2.50
Volume-
OI825
IV1.17
ContractSHMD260918C00005000
SideCall
Expiry18 Sep 2026
Strike5.00
Volume-
OI483
IV2.93
ContractSHMD261016C00007500
SideCall
Expiry16 Oct 2026
Strike7.50
Volume-
OI423
IV1.31
ContractSHMD270115C00010000
SideCall
Expiry15 Jan 2027
Strike10.00
Volume-
OI339
IV1.34
ContractSHMD270115P00002500
SidePut
Expiry15 Jan 2027
Strike2.50
Volume-
OI258
IV1.16

Research Graph

Related research and context

Ticker deep links

Related News

No recent ticker-specific news yet.

Market Watch

No recent market-watch posts yet.

Earnings

No upcoming matched earnings event.

Evidence context