Ticker Options Intelligence

HL options intelligence

Hecla Mining Company options pressure, expected move, strike concentration, and Sharemaestro trend context.

Conviction 39 Market data through 30 Jul 2026 Checked 31 Jul 2026 10:31 · complete available chain

Call-side pressure

Bullish pressure

HL currently carries bullish options pressure with a 39/100 conviction score. The nearest-chain expected move is 2.4%, with volume/open-interest participation at 0.02.

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

Call-side pressure

Expected move 2.4%

Near-term move context

Activity / OI 0.02

Current volume is quieter versus prior open interest

Put-call 0.36

Call-side skew

Trend fit 6

Options are not fully confirming trend

Weekly backdrop +5.7%

RS -14.8

Expected move 2.4%
Put-call volume 0.36
Volume / OI 0.02
Reference IV 0.99
Max pain 15.00
Underlying 15.14
Nearest expiry 31 Jul 2026
Contracts 766

Research Brief

HL has a bullish chain read with 39/100 evidence alignment.

The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 14.77–15.51; The largest call open-interest concentration is 15.50; the largest put concentration is 13.00. The most active strike by current volume is 14.50.

Priced range14.77–15.51
Call concentration15.50
Put concentration13.00
Max pain reference15.00
What would confirm it
  • Price holds or improves while call-side concentration remains elevated.
What would weaken it
  • 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

Size, not direction · through 31 Jul

Options imply 14.77 to 15.51. Max pain at 15.00 sits inside that range, 0.9% below spot.

Spot Max pain
14.7715.14 ± 0.3715.51
Confirmation level

A close beyond 15.51 or below 14.77 at the 31 Jul 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 39/100

Evidence alignment, not probability

Pressure is 52/100 toward calls; conviction uses its strength, while the signal label carries its direction.

Directional pressure52 × 42%
+21.7

How strongly activity leans toward calls or puts.

Participation41 × 22%
+8.9

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

Trend agreement6 × 26%
+1.6

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

Volatility66 × 10%
+6.6

The intensity of implied volatility and the priced move.

Reconstructed score38.8Matches stored calculation

Positioning by Strike

Where open interest and current activity concentrate

Full strike map

The largest call open-interest concentration is 15.50; the largest put concentration is 13.00. The most active strike by current volume is 14.50. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.

Put open interestStrikeCall open interest
71
12.00-20.7%
36
292
12.50-17.4%
5
1716
13.00-14.1%
78
966
13.50-10.8%
30
1454
14.00-7.5%
318
599
14.50-4.2%
381
861
15.00-0.9%
2346
226
15.502.4%
5061
247
16.005.7%
1419
601
16.509.0%
1119
26
17.0012.3%
1074
13
17.5015.6%
1039
1
18.0018.9%
1576
8
18.5022.2%
496
2
19.0025.5%
177
4
20.0032.1%
347
8
23.0051.9%
102
Nearest spot strike Max pain strikeBars show relative OI within this expiry

Volatility Curve

Front-loaded volatility

1.46× front/back

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

0.99 31 Jul 1d
0.90 7 Aug 8d
0.79 14 Aug 15d
0.70 21 Aug 22d
0.72 28 Aug 29d
0.70 4 Sep 36d
0.65 11 Sep 43d
0.68 18 Sep 50d

Volatility by Strike

Upside optionality premium

Nearest expiry, within 20% of spot

Out-of-the-money calls carry higher implied volatility than comparable puts, indicating richer upside optionality.

13
13
14
14
15
15
16
16
17
17
18
18
Put IV Call IV

Historical Replay

How matured reads behaved through expiry

0 directional observations

Forward validation is building. The earliest eligible stored read expires 31 Jul 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

A100/100
Retained chain100%
Implied volatility100%
Two-sided quotes100%
Open interest100%
Chain status
Complete available chain
Market date
30 Jul 2026
Calculation
v2.0
Contracts
766 / 766
  • 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

81/100
Primary intent Earnings/event positioning

Options activity is concentrated around a live event window, so the cleanest read is event positioning rather than pure direction.

Flow vs price divergence Bullish flow confirms price

Options pressure and weekly price action are pointing in the same constructive direction.

Why this matters

Earnings/event positioning matters because it connects the options headline to the actual evidence: $1.8M of estimated gross traded notional, calls · 91+ days · itm, 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+52
1W price+5.7%
Call premium82%
Put premium18%
Notional split C 82% / P 18% Estimated gross traded notional uses volume × contract multiplier × midpoint, or last price when no valid midpoint is available.
Freshness 0.02 Volume divided by open interest across the visible chain.
Trend fit 6/100 Agreement between options pressure and Sharemaestro market context.
Event window 4 Aug Matched earnings event is 4 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 Calls · 91+ days · ITM
Calls · 91+ days · ITM calls cluster with 475 contracts traded, $274706 estimated gross traded notional, and 15% of visible notional.
$274706
Calls · 91+ days · OTM calls cluster with 1659 contracts traded, $260428 estimated gross traded notional, and 15% of visible notional.
$260428
Calls · 0-7 days · ITM calls cluster with 1866 contracts traded, $190006 estimated gross traded notional, and 11% of visible notional.
$190006
Calls · 91+ days · ATM calls cluster with 372 contracts traded, $175035 estimated gross traded notional, and 10% of visible notional.
$175035
Calls · 8-21 days · ITM calls cluster with 1242 contracts traded, $165914 estimated gross traded notional, and 9% of visible notional.
$165914

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.

Warning Crowded strike risk

Underlying price is close to the max-pain zone.

Warning Bullish pressure over fair value

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

Sharemaestro weekly
Close15.14
1W+5.7%
RS-14.8
Fair value+69.2%
Options pressure52
Speculation41
Volatility66
Trend fit6

Today Versus Normal

Stored-options context

View history
Expected move 2.4% history building
30d avg - · 2/10 sessions -
90d avg - · 2/30 sessions -
180d avg - · 2/60 sessions -
IV 0.99 history building
30d avg - · 2/10 sessions -
90d avg - · 2/30 sessions -
180d avg - · 2/60 sessions -
Put-call 0.36 history building
30d avg - · 2/10 sessions -
90d avg - · 2/30 sessions -
180d avg - · 2/60 sessions -
Volume/OI 0.02 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 10:26 Bullish
Pressure 30
Move 6.2%
30 Jul 10:22 Bullish
Pressure 56
Move 7.1%
31 Jul 09:31 Bullish
Pressure 52
Move 2.4%

Strike Map

Where activity is clustering

Full strike map
Strike5.00
Calls · V 10 · OI 13
Puts · V 0 · OI 6
Strike6.00
Calls · V 8 · OI 21
Puts · V 6 · OI 3
Strike7.00
Calls · V 26 · OI 46
Puts · V 0 · OI 0
Strike8.00
Calls · V 9 · OI 30
Puts · V 2 · OI 8
Strike9.00
Calls · V 1 · OI 22
Puts · V 0 · OI 2
Strike9.50
Calls · V 2 · OI 8
Puts · V 0 · OI 1
Strike10.00
Calls · V 7 · OI 11
Puts · V 0 · OI 1
Strike10.50
Calls · V 1 · OI 8
Puts · V 0 · OI 1

Term Structure

Expiration activity

Volume and IV
Expiry31 Jul 2026
Contracts70
Avg IV0.99
Put-call0.58
Expiry7 Aug 2026
Contracts68
Avg IV0.90
Put-call0.41
Expiry14 Aug 2026
Contracts68
Avg IV0.79
Put-call0.15
Expiry21 Aug 2026
Contracts68
Avg IV0.70
Put-call0.37
Expiry28 Aug 2026
Contracts64
Avg IV0.72
Put-call0.80

Skew

Call/put IV balance

OTM demand
31 Jul 2026Call IV premium
Call IV1.12
Put IV0.77
Skew-0.35
7 Aug 2026Balanced skew
Call IV0.89
Put IV0.87
Skew-0.02
14 Aug 2026Call IV premium
Call IV0.81
Put IV0.74
Skew-0.07
21 Aug 2026Balanced skew
Call IV0.75
Put IV0.74
Skew-0.01
28 Aug 2026Balanced skew
Call IV0.76
Put IV0.80
Skew0.04

Contract Tape

Most active contracts

Full contract tape
ContractHL260731C00014500
SideCall
Expiry31 Jul 2026
Strike14.50
Volume1453
OI381
IV0.67
ContractHL260814C00014500
SideCall
Expiry14 Aug 2026
Strike14.50
Volume964
OI845
IV0.70
ContractHL260731C00015000
SideCall
Expiry31 Jul 2026
Strike15.00
Volume877
OI2346
IV0.68
ContractHL260731P00013500
SidePut
Expiry31 Jul 2026
Strike13.50
Volume823
OI966
IV1.05
ContractHL260731C00015500
SideCall
Expiry31 Jul 2026
Strike15.50
Volume600
OI5061
IV1.12
ContractHL270319C00025000
SideCall
Expiry19 Mar 2027
Strike25.00
Volume520
OI41
IV0.67
ContractHL260918C00014000
SideCall
Expiry18 Sep 2026
Strike14.00
Volume410
OI689
IV0.68
ContractHL260731P00014000
SidePut
Expiry31 Jul 2026
Strike14.00
Volume397
OI1454
IV1.00