SMP ยท saved analysis through 24 Sep 2026

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Ticker Options Intelligence

SMP options intelligence

Standard Motor Products Inc options pressure, expected move, strike concentration, and Sharemaestro trend context.

Conviction 7 Market data through 24 Sep 2026 Checked 25 Sep 2026 09:41 ยท complete available chain

The reading ยท 2026-09-24

No clear directional balance

Use with limits

Options do not give a clear directional confirmation of the stock trend. Stock context: 2026-09-18.

What changed?

Compare with the previous saved completed session.

Compared with 23 Sep 2026.
Options balance
+0.0 pointsMixed โ†’ Mixed
Stock reference
+0.1%Between the two saved price references
Priced move
Not comparedExpiry changed or usable pricing is missing.

Price references

Unavailable through 2026-10-16

Near-money quotes are missing, one-sided or too widely spread to publish a reliable range.

This describes the size of a priced move, not its direction or a guaranteed trading range.
Call concentration
45.00
Put concentration
35.00
Concentrations are reference levels, not proven support or resistance.

What to watch

Supports this reading

  • A clear directional pressure reading develops and price begins to agree.

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.
Completed-session reading ยท 2026-09-24
  • Near-money quotes are missing, one-sided or too widely spread to publish a reliable range.
  • Activity totals cannot identify buyers, sellers or newly opened positions.
Primary read Mixed

Options-market disagreement

Expected move -

Near-term move context

Activity / OI 0.00

Current volume is quieter versus prior open interest

Put-call -

Balanced tape

Trend fit 0

Options are not fully confirming trend

Weekly backdrop -3.4%

RS -11.5

Expected move -
Put-call volume -
Volume / OI 0.00
Reference IV 0.35
Max pain 35.00
Underlying 37.33
Nearest expiry 16 Oct 2026
Contracts 74

The outcome record

What followed the dated readings?

Stock-price direction through expiry, using the first available weekly close on or just after expiry. These are not option-trade returns.

Recorded in advance

New readings are saved before their outcomes. A calculation change starts a separate record.

0 / 0

Non-overlapping directional readings followed through.

0 waiting for an outcome ยท 2 excluded by data or timing checks.

Too few independent outcomes to establish an edge.

Earlier saved readings

2 / 2

Non-overlapping directional readings followed through. 4 overlapping readings left out.

Always-up baseline: 50% ยท Always-down: 50%.

95% interval: 34โ€“100%.

This is a retrospective audit of saved versions, separate from the record collected in advance.

How to read this

The baselines use the same stocks and observation windows. They ask whether a simple up or down call did as well.

Removing overlapping windows reduces repeated counting. It does not make market observations fully independent.

The interval shows sampling uncertainty. Costs, execution and option selection are not tested here.

Priced Move

The priced move through expiry

Size, not direction

Near-money quotes are missing, one-sided or too widely spread to publish a reliable range.

Score Construction

Evidence behind the reading

Evidence alignment, not probability

Pressure is 11/100 toward calls; conviction uses its strength, while the signal label carries its direction.

Directional pressure11 / 100
11

How strongly activity leans toward calls or puts.

Participation0 / 100
0

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

Trend agreement0 / 100
0

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

Volatility25 / 100
25

The intensity of implied volatility and the priced move.

Evidence alignment7/100A research score, not a probability

Positioning by Strike

Where open interest and current activity concentrate

Full strike map

The largest call open-interest concentration is 45.00; the largest put concentration is 35.00. The most active strike by current volume is 20.00. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.

Put open interestStrikeCall open interest
0
20.00-46.4%
0
0
22.50-39.7%
0
0
25.00-33.0%
0
0
30.00-19.6%
0
1
35.00-6.2%
0
0
40.007.2%
0
0
45.0020.5%
5
0
50.0033.9%
0
0
55.0047.3%
0
Nearest spot strike Max pain strikeBars show relative OI within this expiry

Gamma Profile by Strike

Positive gamma proxy

Reported Greeks ยท 100% 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+$1,219Delta change / 1% move
Positive peak45.00+$823
Negative peak-No negative strike
Nearest balance-Interpolated sign change
StrikeNegativePositiveNet / 1% move
20.00-46.4%
+$5
30.00-19.6%
+$112
35.00-6.2%
+$68
40.007.2%
+$211
45.0020.5%
+$823
Positive call-side proxy Negative put-side proxyHighlighted row is nearest spot strike

Scenario proxy = gamma ร— open interest ร— 100 shares ร— spotยฒ ร— 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

1.34ร— front/back

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

0.35 16 Oct 22d
0.45 20 Nov 57d
0.25 19 Feb 148d
0.26 21 May 239d

Volatility by Strike

Downside protection premium

Nearest expiry, within 20% of spot

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

30
35
40
Put IV Call IV

Historical Replay

How matured reads behaved through expiry

23 matured ยท 6 directional

Across 6 stored directional transitions, the next stored price moved in the labelled direction 50% of the time.

All saved readings ยท may overlap50%
Moves contained by pricing74%
Average absolute expiry move3.3%
16 Sep Mixed ยท 33 -3.4% through expiry 8.5% priced ยท v2.0
14 Sep Mixed ยท 32 -3.4% through expiry 9.1% priced ยท v2.0
10 Sep Mixed ยท 29 -11.5% through expiry 4.5% priced ยท v2.0
8 Sep Mixed ยท 29 -11.5% through expiry 4.8% priced ยท v2.0
4 Sep Bullish ยท 39 -0.6% through expiry 21.7% priced ยท v2.0
3 Sep Bullish ยท 31 -0.6% through expiry 7.9% priced ยท v2.0
1 Sep Mixed ยท 21 -0.6% through expiry 5.1% priced ยท v2.0
31 Aug Bearish ยท 60 -0.6% through expiry 7.3% priced ยท v2.0
24 Aug Volatility ยท 53 -4.8% through expiry 16.5% priced ยท v2.0
21 Aug Mixed ยท 24 -4.8% through expiry 8.7% priced ยท v2.0
18 Aug Volatility ยท 52 -0.8% through expiry 12.2% priced ยท v2.0
14 Aug Mixed ยท 26 -0.8% through expiry 12.1% priced ยท 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

Limited

D49/100
Retained chain100%
Implied volatility100%
Two-sided quotes32%
Open interest100%
Chain status
Complete available chain
Market date
24 Sep 2026
Calculation
v3.0
Contracts
74 / 74
  • Usable two-sided bid/ask quotes are available for 32% of retained contracts.
  • Near-money quotes are missing, one-sided or too widely spread to publish a reliable range.

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

Likely noise

10/100
Primary intent Likely noise

Visible options activity is too thin or mixed to support a strong intent classification.

Flow vs price divergence No clean flow/price divergence

The options read is mixed, so divergence is not strong enough to classify.

Why this matters

Likely noise matters because it connects the options headline to the actual evidence: $0 of estimated gross traded notional, no dominant cluster, 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+11
1W price-3.4%
Call premium0%
Put premium0%
Notional split C 0% / P 0% Estimated gross traded notional uses volume ร— contract multiplier ร— midpoint, or last price when no valid midpoint is available.
Freshness 0.00 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 No dominant cluster

No high-conviction option cluster is visible in this snapshot.

Setup Classification

Opportunity and risk frame

Context, not advice
Negative Options disagreement

Options positioning is not confirming the underlying trend context.

Activity Anomaly

Normal range

54

Activity is broadly in line with recent stored snapshots.

Baseline: 28 completed sessions

Volume rank57th
Volume/OI rank57th
IV rank46th

Market Context

Underlying confirmation

Sharemaestro weekly
Close36.77
1W-3.4%
RS-11.5
Fair value+11.0%
Options pressure11
Speculation0
Volatility25
Trend fit0

Today Versus Normal

Stored-options context

View history
Expected move - history building
30d avg - ยท 9/10 sessions -
90d avg - ยท 26/30 sessions -
180d avg - ยท 26/60 sessions -
IV 0.35 near normal
30d avg 0.47 ยท 11 sessions 55th
90d avg - ยท 28/30 sessions -
180d avg - ยท 28/60 sessions -
Put-call - history building
30d avg - ยท 3/10 sessions -
90d avg - ยท 11/30 sessions -
180d avg - ยท 11/60 sessions -
Volume/OI 0.00 near normal
30d avg 0.03 ยท 11 sessions 64th
90d avg - ยท 28/30 sessions -
180d avg - ยท 28/60 sessions -

Pressure Trail

Recent pressure and volatility

Open trail
3 Aug 13:50 Volatility
Pressure 95
Move 15.0%
4 Aug 16:15 Volatility
Pressure 94
Move 12.9%
5 Aug 09:46 Bullish
Pressure 60
Move 8.2%
6 Aug 05:41 Bullish
Pressure 98
Move 13.1%
7 Aug 11:25 Mixed
Pressure 11
Move 11.9%
7 Aug 14:53 Volatility
Pressure 93
Move 12.2%
7 Aug 22:12 Volatility
Pressure 93
Move 12.4%
8 Aug 08:59 Mixed
Pressure 11
Move 6.9%

Strike Map

Where activity is clustering

Full strike map
Strike20.00
Calls ยท V 0 ยท OI 0
Puts ยท V 0 ยท OI 0
Strike22.50
Calls ยท V 0 ยท OI 0
Puts ยท V 0 ยท OI 0
Strike25.00
Calls ยท V 0 ยท OI 0
Puts ยท V 0 ยท OI 0
Strike30.00
Calls ยท V 0 ยท OI 0
Puts ยท V 0 ยท OI 0
Strike35.00
Calls ยท V 0 ยท OI 0
Puts ยท V 0 ยท OI 1
Strike40.00
Calls ยท V 0 ยท OI 0
Puts ยท V 0 ยท OI 0
Strike45.00
Calls ยท V 0 ยท OI 5
Puts ยท V 0 ยท OI 0
Strike50.00
Calls ยท V 0 ยท OI 0
Puts ยท V 0 ยท OI 0

Term Structure

Expiration activity

Volume and IV
Expiry16 Oct 2026
Contracts18
Avg IV0.35
Put-call-
Expiry20 Nov 2026
Contracts20
Avg IV0.45
Put-call-
Expiry19 Feb 2027
Contracts18
Avg IV0.25
Put-call-
Expiry21 May 2027
Contracts18
Avg IV0.26
Put-call-

Skew

Call/put IV balance

OTM demand
16 Oct 2026Balanced skew
Call IV0.13
Put IV0.13
Skew-
20 Nov 2026Put IV premium
Call IV0.37
Put IV1.04
Skew0.67
19 Feb 2027Call IV premium
Call IV0.38
Put IV0.06
Skew-0.31
21 May 2027Put IV premium
Call IV0.27
Put IV0.36
Skew0.09

Contract Tape

Most active contracts

Full contract tape
ContractSMP261120C00045000
SideCall
Expiry20 Nov 2026
Strike45.00
Volume-
OI14
IV0.37
ContractSMP261016C00045000
SideCall
Expiry16 Oct 2026
Strike45.00
Volume-
OI5
IV0.32
ContractSMP270219C00045000
SideCall
Expiry19 Feb 2027
Strike45.00
Volume-
OI3
IV0.11
ContractSMP270219C00035000
SideCall
Expiry19 Feb 2027
Strike35.00
Volume-
OI2
IV0.24
ContractSMP270219C00030000
SideCall
Expiry19 Feb 2027
Strike30.00
Volume-
OI2
IV0.37
ContractSMP261120C00030000
SideCall
Expiry20 Nov 2026
Strike30.00
Volume-
OI2
IV0.54
ContractSMP261120C00040000
SideCall
Expiry20 Nov 2026
Strike40.00
Volume-
OI2
IV0.08
ContractSMP270219C00040000
SideCall
Expiry19 Feb 2027
Strike40.00
Volume-
OI1
IV0.38

Evidence context