Primary read
Mixed
Options-market disagreement
Ticker Options Intelligence
MTD options intelligence
Mettler-Toledo International Inc options pressure, expected move, strike concentration, and Sharemaestro trend context.
Conviction
30
Market data through 12 Aug 2026
Checked 13 Aug 2026 11:42 · complete available chain
Options-market disagreement
Mixed pressure
MTD currently carries mixed options pressure with a 30/100 conviction score. The nearest-chain expected move is 3.6%, with volume/open-interest participation at 0.01.
Expected move
3.6%
Near-term move context
Activity / OI
0.01
Current volume is quieter versus prior open interest
Put-call
1.46
Put-side skew
Trend fit
74
Options agree with trend context
Weekly backdrop
+0.9%
RS -3.2
Expected move
3.6%
Put-call volume
1.46
Volume / OI
0.01
Reference IV
0.27
Max pain
1360.00
Underlying
1429.46
Nearest expiry
21 Aug 2026
Contracts
1302
Research Brief
MTD has a mixed chain read with 30/100 evidence alignment.
The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 1377.51–1481.41; The largest call open-interest concentration is 1440.00; the largest put concentration is 1250.00. The most active strike by current volume is 1420.00.
Priced range1377.51–1481.41
Call concentration1440.00
Put concentration1250.00
Max pain reference1360.00
- 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.
Priced Move
Where the chain says movement becomes exceptional
Options imply 1377.51 to 1481.41. Max pain at 1360.00 lies outside the priced range, so it is a weak near-term anchor.
Spot
Max pain
1377.511429.46 ± 51.951481.41
Confirmation level
A close beyond 1481.41 or below 1377.51 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 30/100
Pressure is 9/100 toward puts; conviction uses its strength, while the signal label carries its direction.
Directional pressure9 × 42%
+3.7
How strongly activity leans toward calls or puts.
Participation16 × 22%
+3.6
Volume relative to existing open interest and contract-level activity.
Trend agreement74 × 26%
+19.2
How closely the chain read agrees with the underlying trend backdrop.
Volatility33 × 10%
+3.3
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 1440.00; the largest put concentration is 1250.00. The most active strike by current volume is 1420.00. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.
Put open interestStrikeCall open interest
2
1180.00-17.5%
0
25
1230.00-14.0%
1
28
1250.00-12.6%
0
3
1300.00-9.1%
1
2
1320.00-7.7%
3
3
1340.00-6.3%
6
8
1360.00-4.9%
2
7
1380.00-3.5%
10
0
1400.00-2.1%
3
1
1420.00-0.7%
6
0
1440.000.7%
30
0
1460.002.1%
12
0
1480.003.5%
5
0
1500.004.9%
4
0
1520.006.3%
7
0
1540.007.7%
12
0
1560.009.1%
10
Nearest spot strike Max pain strikeBars show relative OI within this expiry
Gamma Profile by Strike
Positive gamma proxy
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+$7.3MDelta change / 1% move
Positive peak1500.00+$985,940
Negative peak1430.00-$33,920
Nearest balance1430.37Interpolated sign change
StrikeNegativePositiveNet / 1% move
1310.00-8.4%
+$3,147
1320.00-7.7%
+$88,150
1330.00-7.0%
-$25,460
1340.00-6.3%
+$208,668
1350.00-5.6%
+$11,708
1360.00-4.9%
+$167,657
1370.00-4.2%
+$4,107
1380.00-3.5%
+$35,227
1390.00-2.8%
+$22,886
1400.00-2.1%
+$165,226
1410.00-1.4%
-$4,802
1420.00-0.7%
+$59,135
1430.000.0%
-$33,920
1440.000.7%
+$892,334
1450.001.4%
+$21,578
1460.002.1%
+$572,528
1480.003.5%
+$100,002
1490.004.2%
+$16,367
1500.004.9%
+$985,940
1520.006.3%
+$196,121
1540.007.7%
+$295,326
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
Back-loaded volatility
Longer-dated options carry more implied volatility than the front expiry, so risk is priced farther out.
0.27
21 Aug
9d
0.25
18 Sep
37d
0.26
16 Oct
65d
0.30
20 Nov
100d
0.29
15 Jan
156d
0.30
21 May
282d
0.31
20 Aug
373d
0.31
19 Nov
464d
Volatility by Strike
Downside protection premium
Out-of-the-money puts carry higher implied volatility than comparable calls, indicating richer downside protection.
1150
1170
1180
1200
1210
1230
1240
1260
1270
1290
1320
1340
1380
1400
1440
1460
1500
1520
1560
1580
1620
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
- Auditable calculationoriginal version retained
- Independent entryone read per market session
- Point-in-time referencerequired at entry
- Matched expiry closereported only after maturity
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
Retained chain100%
Implied volatility100%
Two-sided quotes100%
Open interest100%
- Chain status
- Complete available chain
- Market date
- 12 Aug 2026
- Calculation
- v2.0
- Contracts
- 1302 / 1302
- 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.
The options read is mixed, so divergence is not strong enough to classify.
Multi-expiry position-maintenance candidate matters because it connects the options headline to the actual evidence: $60,492 of estimated gross traded notional, calls · 8-21 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-9
1W price+0.9%
Call premium90%
Put premium10%
Notional split
C 90% / P 10%
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
74/100
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 · 8-21 days · ITM
calls cluster with 2 contracts traded, $20,640 estimated gross traded notional, and 34% of visible notional.
$20,640
Calls · 91+ days · OTM
calls cluster with 5 contracts traded, $18,520 estimated gross traded notional, and 31% of visible notional.
$18,520
Calls · 8-21 days · ATM
calls cluster with 5 contracts traded, $15,210 estimated gross traded notional, and 25% of visible notional.
$15,210
Puts · 22-45 days · OTM
puts cluster with 2 contracts traded, $3,060 estimated gross traded notional, and 5% of visible notional.
$3,060
Puts · 8-21 days · ATM
puts cluster with 1 contracts traded, $1,625 estimated gross traded notional, and 3% of visible notional.
$1,625
Setup Classification
Opportunity and risk frame
Positioning agrees with the Sharemaestro trend backdrop.
Activity Anomaly
Quiet tape
Activity is muted versus this ticker's stored history.
Baseline: 11 completed sessions
Volume rank27th
Volume/OI rank27th
IV rank9th
Market Context
Underlying confirmation
Close1429.46
1W+0.9%
RS-3.2
Fair value+12.6%
Options pressure-9
Speculation16
Volatility33
Trend fit74
Today Versus Normal
Stored-options context
30d avg 5.9% · 11 sessions
0th
90d avg - · 11/30 sessions
-
180d avg - · 11/60 sessions
-
30d avg 0.31 · 11 sessions
9th
90d avg - · 11/30 sessions
-
180d avg - · 11/60 sessions
-
30d avg 0.47 · 11 sessions
91th
90d avg - · 11/30 sessions
-
180d avg - · 11/60 sessions
-
30d avg 0.03 · 11 sessions
27th
90d avg - · 11/30 sessions
-
180d avg - · 11/60 sessions
-
Pressure Trail
Recent pressure and volatility
29 Jul 10:16
Bullish
Pressure 100
Move 9.7%
30 Jul 10:12
Bullish
Pressure 74
Move 9.6%
30 Jul 16:31
Bullish
Pressure 78
Move 8.8%
30 Jul 16:59
Bullish
Pressure 78
Move 8.7%
30 Jul 17:45
Bullish
Pressure 79
Move 8.6%
30 Jul 19:35
Bullish
Pressure 80
Move 8.8%
31 Jul 03:08
Bullish
Pressure 41
Move 9.5%
3 Aug 09:05
Bullish
Pressure 55
Move 5.2%
Strike Map
Where activity is clustering
Strike870.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike880.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike890.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike900.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike910.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike920.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike930.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike940.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Term Structure
Expiration activity
Expiry21 Aug 2026
Contracts118
Avg IV0.27
Put-call0.13
Expiry18 Sep 2026
Contracts110
Avg IV0.25
Put-call-
Expiry16 Oct 2026
Contracts190
Avg IV0.26
Put-call-
Expiry20 Nov 2026
Contracts160
Avg IV0.30
Put-call1.50
Expiry15 Jan 2027
Contracts170
Avg IV0.29
Put-call3.00
Skew
Call/put IV balance
21 Aug 2026Balanced skew
Call IV0.27
Put IV0.28
Skew0.01
18 Sep 2026Balanced skew
Call IV0.23
Put IV0.27
Skew0.04
16 Oct 2026Balanced skew
Call IV0.24
Put IV0.29
Skew0.05
20 Nov 2026Put IV premium
Call IV0.27
Put IV0.33
Skew0.06
15 Jan 2027Balanced skew
Call IV0.26
Put IV0.31
Skew0.05
Contract Tape
Most active contracts
ContractMTD261120C01540000
SideCall
Expiry20 Nov 2026
Strike1540.00
Volume3
OI47
IV0.29
ContractMTD260821C01420000
SideCall
Expiry21 Aug 2026
Strike1420.00
Volume3
OI6
IV0.28
ContractMTD261016P00640000
SidePut
Expiry16 Oct 2026
Strike640.00
Volume3
OI-
IV0.54
ContractMTD260821C01440000
SideCall
Expiry21 Aug 2026
Strike1440.00
Volume2
OI30
IV0.25
ContractMTD260821C01340000
SideCall
Expiry21 Aug 2026
Strike1340.00
Volume2
OI6
IV0.35
ContractMTD261120P00660000
SidePut
Expiry20 Nov 2026
Strike660.00
Volume2
OI1
IV0.42
ContractMTD261120P00640000
SidePut
Expiry20 Nov 2026
Strike640.00
Volume2
OI1
IV0.44
ContractMTD260918P01350000
SidePut
Expiry18 Sep 2026
Strike1350.00
Volume2
OI-
IV0.28
Research Graph
Related research and context
Sharemaestro research
Related News
No recent ticker-specific news yet.
Market Watch
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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.