Primary read
Mixed
Options-market disagreement
Ticker Options Intelligence
AMCR options intelligence
Amcor PLC options pressure, expected move, strike concentration, and Sharemaestro trend context.
Conviction
31
Market data through 31 Jul 2026
Checked 1 Aug 2026 00:23 · complete available chain
Options-market disagreement
Mixed pressure
AMCR currently carries mixed options pressure with a 31/100 conviction score. The nearest-chain expected move is 7.2%, with volume/open-interest participation at 0.06.
Expected move
7.2%
Wider near-term move priced
Activity / OI
0.06
Current volume is quieter versus prior open interest
Put-call
0.99
Balanced tape
Trend fit
61
Options agree with trend context
Weekly backdrop
+0.8%
RS 0.4
Expected move
7.2%
Put-call volume
0.99
Volume / OI
0.06
Reference IV
0.43
Max pain
43.00
Underlying
44.54
Nearest expiry
21 Aug 2026
Contracts
194
Research Brief
AMCR has a mixed chain read with 31/100 evidence alignment.
The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 41.34–47.74; The largest call open-interest concentration is 43.00; the largest put concentration is 42.00. The most active strike by current volume is 41.00.
Priced range41.34–47.74
Call concentration43.00
Put concentration42.00
Max pain reference43.00
- A clear directional pressure reading develops and price begins to agree.
- The current chain read already agrees with the stored weekly trend context.
- Volatility falls and the chain remains directionally mixed.
- 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 41.34 to 47.74. Max pain at 43.00 sits inside that range, 3.5% below spot.
Spot
Max pain
41.3444.54 ± 3.2047.74
Confirmation level
A close beyond 47.74 or below 41.34 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 31/100
Pressure is 7/100 toward calls; conviction uses its strength, while the signal label carries its direction.
Directional pressure7 × 42%
+3.1
How strongly activity leans toward calls or puts.
Participation26 × 22%
+5.7
Volume relative to existing open interest and contract-level activity.
Trend agreement61 × 26%
+15.9
How closely the chain read agrees with the underlying trend backdrop.
Volatility59 × 10%
+5.9
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 43.00; the largest put concentration is 42.00. The most active strike by current volume is 41.00. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.
Put open interestStrikeCall open interest
33
35.00-21.4%
1
4
36.00-19.2%
0
86
37.00-16.9%
0
40
38.00-14.7%
6
163
39.00-12.4%
1
334
40.00-10.2%
48
147
41.00-7.9%
44
357
42.00-5.7%
39
110
43.00-3.5%
1908
315
44.00-1.2%
133
16
45.001.0%
1491
0
46.003.3%
239
1
47.005.5%
238
0
48.007.8%
388
0
49.0010.0%
77
0
50.0012.3%
146
0
55.0023.5%
19
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.
0.43
21 Aug
21d
0.39
18 Sep
49d
0.37
16 Oct
77d
0.36
15 Jan
168d
0.39
17 Jun
321d
0.36
21 Jan
539d
Volatility by Strike
Downside protection premium
Out-of-the-money puts carry higher implied volatility than comparable calls, indicating richer downside protection.
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
Put IV Call IV
Historical Replay
How matured reads behaved through expiry
Forward validation is building. The earliest eligible stored read expires 21 Aug 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
Retained chain100%
Implied volatility100%
Two-sided quotes99%
Open interest100%
- Chain status
- Complete available chain
- Market date
- 31 Jul 2026
- Calculation
- v2.0
- Contracts
- 194 / 194
- 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
Options activity is concentrated around a live event window, so the cleanest read is event positioning rather than pure direction.
The options read is mixed, so divergence is not strong enough to classify.
Earnings/event positioning matters because it connects the options headline to the actual evidence: $1.1M of estimated gross traded notional, puts · 91+ days · itm, and a no clean flow/price divergence backdrop. Use it as a research priority signal, then validate the chart, liquidity, event calendar, and risk before acting.
Options pressure+7
1W price+0.8%
Call premium31%
Put premium69%
Notional split
C 31% / P 69%
Estimated gross traded notional uses volume × contract multiplier × midpoint, or last price when no valid midpoint is available.
Freshness
0.06
Volume divided by open interest across the visible chain.
Trend fit
61/100
Agreement between options pressure and Sharemaestro market context.
Event window
13 Aug
Matched earnings event is 12 days away.
Aggregate chain data does not identify trade aggressor or opening versus closing activity; call/put concentration is not proof of market direction.
Puts · 91+ days · ITM
puts cluster with 499 contracts traded, $663345 estimated gross traded notional, and 60% of visible notional.
$663345
Calls · 91+ days · ITM
calls cluster with 362 contracts traded, $119138 estimated gross traded notional, and 11% of visible notional.
$119138
Calls · 91+ days · OTM
calls cluster with 276 contracts traded, $78319 estimated gross traded notional, and 7% of visible notional.
$78319
Calls · 46-90 days · ITM
calls cluster with 94 contracts traded, $66285 estimated gross traded notional, and 6% of visible notional.
$66285
Puts · 91+ days · OTM
puts cluster with 260 contracts traded, $39112 estimated gross traded notional, and 4% of visible notional.
$39112
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.
Activity Anomaly
Warming up
3 of 10 completed market sessions are available. More session history is needed before activity can be compared with a reliable normal.
Baseline: 3 completed sessions
Volume rank-
Volume/OI rank-
IV rank-
Market Context
Underlying confirmation
Close44.88
1W+0.8%
RS0.4
Fair value+4.8%
Options pressure7
Speculation26
Volatility59
Trend fit61
Today Versus Normal
Stored-options context
30d avg - · 3/10 sessions
-
90d avg - · 3/30 sessions
-
180d avg - · 3/60 sessions
-
30d avg - · 3/10 sessions
-
90d avg - · 3/30 sessions
-
180d avg - · 3/60 sessions
-
30d avg - · 3/10 sessions
-
90d avg - · 3/30 sessions
-
180d avg - · 3/60 sessions
-
30d avg - · 3/10 sessions
-
90d avg - · 3/30 sessions
-
180d avg - · 3/60 sessions
-
Pressure Trail
Recent pressure and volatility
29 Jul 10:20
Bullish
Pressure 36
Move 8.6%
30 Jul 13:20
Bullish
Pressure 37
Move 8.2%
31 Jul 06:44
Mixed
Pressure -10
Move 7.4%
31 Jul 13:35
Mixed
Pressure 5
Move 6.7%
31 Jul 23:23
Mixed
Pressure 7
Move 7.2%
Strike Map
Where activity is clustering
Strike33.00
Calls · V 0 · OI 0
Puts · V 0 · OI 2
Strike34.00
Calls · V 0 · OI 0
Puts · V 1 · OI 1
Strike35.00
Calls · V 1 · OI 1
Puts · V 1 · OI 33
Strike36.00
Calls · V 0 · OI 0
Puts · V 2 · OI 4
Strike37.00
Calls · V 0 · OI 0
Puts · V 1 · OI 86
Strike38.00
Calls · V 1 · OI 6
Puts · V 4 · OI 40
Strike39.00
Calls · V 1 · OI 1
Puts · V 1 · OI 163
Strike40.00
Calls · V 1 · OI 48
Puts · V 3 · OI 334
Term Structure
Expiration activity
Expiry21 Aug 2026
Contracts29
Avg IV0.43
Put-call0.35
Expiry18 Sep 2026
Contracts14
Avg IV0.39
Put-call1.49
Expiry16 Oct 2026
Contracts42
Avg IV0.37
Put-call0.62
Expiry15 Jan 2027
Contracts53
Avg IV0.36
Put-call0.56
Expiry17 Jun 2027
Contracts25
Avg IV0.39
Put-call0.75
Skew
Call/put IV balance
21 Aug 2026Balanced skew
Call IV0.43
Put IV0.45
Skew0.02
18 Sep 2026Balanced skew
Call IV0.37
Put IV0.39
Skew0.02
16 Oct 2026Put IV premium
Call IV0.33
Put IV0.41
Skew0.08
15 Jan 2027Put IV premium
Call IV0.33
Put IV0.39
Skew0.06
17 Jun 2027Balanced skew
Call IV0.39
Put IV0.42
Skew0.03
Contract Tape
Most active contracts
ContractAMCR260918P00038000
SidePut
Expiry18 Sep 2026
Strike38.00
Volume-
OI27
IV0.42
ContractAMCR260918P00035000
SidePut
Expiry18 Sep 2026
Strike35.00
Volume-
OI4
IV0.48
ContractAMCR280121P00020000
SidePut
Expiry21 Jan 2028
Strike20.00
Volume-
OI2
IV0.45
ContractAMCR260821P00033000
SidePut
Expiry21 Aug 2026
Strike33.00
Volume-
OI2
IV0.92
ContractAMCR270617C00075000
SideCall
Expiry17 Jun 2027
Strike75.00
Volume-
OI1
IV0.48
ContractAMCR270115P00042000
SidePut
Expiry15 Jan 2027
Strike42.00
Volume-
OI1
IV0.39
ContractAMCR260918P00045000
SidePut
Expiry18 Sep 2026
Strike45.00
Volume-
OI1
IV0.42
ContractAMCR261016P00049000
SidePut
Expiry16 Oct 2026
Strike49.00
Volume-
OI-
IV0.00
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
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.