Primary read
Mixed
Options-market disagreement
Ticker Options Intelligence
MYRG options intelligence
MYR Group Inc options pressure, expected move, strike concentration, and Sharemaestro trend context.
Conviction
37
Market data through 31 Jul 2026
Checked 2 Aug 2026 23:15 · complete available chain
Options-market disagreement
Mixed pressure
MYRG currently carries mixed options pressure with a 37/100 conviction score. The nearest-chain expected move is 11.5%, with volume/open-interest participation at 0.00.
Expected move
11.5%
Wider near-term move priced
Activity / OI
0.00
Current volume is quieter versus prior open interest
Put-call
0.86
Balanced tape
Trend fit
99
Options agree with trend context
Weekly backdrop
-12.1%
RS 8.3
Expected move
11.5%
Put-call volume
0.86
Volume / OI
0.00
Reference IV
0.61
Max pain
340.00
Underlying
333.22
Nearest expiry
21 Aug 2026
Contracts
388
Research Brief
MYRG has a mixed chain read with 37/100 evidence alignment.
The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 294.92–371.52; The largest call open-interest concentration is 460.00; the largest put concentration is 300.00. The most active strike by current volume is 400.00.
Priced range294.92–371.52
Call concentration460.00
Put concentration300.00
Max pain reference340.00
- 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 294.92 to 371.52. Max pain at 340.00 sits inside that range, 2.0% above spot.
Spot
Max pain
294.92333.22 ± 38.30371.52
Confirmation level
A close beyond 371.52 or below 294.92 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 37/100
Pressure is 4/100 toward puts; conviction uses its strength, while the signal label carries its direction.
Directional pressure4 × 42%
+1.8
How strongly activity leans toward calls or puts.
Participation8 × 22%
+1.8
Volume relative to existing open interest and contract-level activity.
Trend agreement99 × 26%
+25.6
How closely the chain read agrees with the underlying trend backdrop.
Volatility82 × 10%
+8.2
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 460.00; the largest put concentration is 300.00. The most active strike by current volume is 400.00. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.
Put open interestStrikeCall open interest
10
270.00-19.0%
3
10
280.00-16.0%
0
11
290.00-13.0%
0
17
300.00-10.0%
1
1
310.00-7.0%
15
6
320.00-4.0%
15
7
350.005.0%
11
5
360.008.0%
7
10
370.0011.0%
7
2
400.0020.0%
6
2
420.0026.0%
16
1
450.0035.0%
8
0
460.0038.0%
30
0
470.0041.0%
30
0
480.0044.0%
17
0
500.0050.1%
27
0
510.0053.1%
10
Nearest spot strike Max pain strikeBars show relative OI within this expiry
Volatility Curve
Balanced volatility curve
Near- and longer-dated implied volatility are broadly aligned; no exceptional front-expiry premium is visible.
0.61
21 Aug
21d
0.59
18 Sep
49d
0.59
16 Oct
77d
0.60
15 Jan
168d
Volatility by Strike
Balanced wings
Comparable upside calls and downside puts carry broadly similar implied volatility.
270
280
290
300
310
320
330
340
350
360
370
380
390
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 quotes100%
Open interest100%
- Chain status
- Complete available chain
- Market date
- 31 Jul 2026
- Calculation
- v2.0
- Contracts
- 388 / 388
- 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
Put-heavy activity
Put-side activity dominates. This can reflect hedging or directional positioning, but the chain alone cannot distinguish buying from selling.
The options read is mixed, so divergence is not strong enough to classify.
Put-heavy activity matters because it connects the options headline to the actual evidence: $50936 of estimated gross traded notional, puts · 46-90 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-4
1W price-12.1%
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
0.00
Volume divided by open interest across the visible chain.
Trend fit
99/100
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.
Puts · 46-90 days · ITM
puts cluster with 1 contracts traded, $13715 estimated gross traded notional, and 27% of visible notional.
$13715
Puts · 8-21 days · ITM
puts cluster with 2 contracts traded, $13700 estimated gross traded notional, and 27% of visible notional.
$13700
Calls · 46-90 days · ATM
calls cluster with 2 contracts traded, $7970 estimated gross traded notional, and 16% of visible notional.
$7970
Calls · 46-90 days · OTM
calls cluster with 3 contracts traded, $6058 estimated gross traded notional, and 12% of visible notional.
$6058
Puts · 46-90 days · ATM
puts cluster with 2 contracts traded, $6010 estimated gross traded notional, and 12% of visible notional.
$6010
Setup Classification
Opportunity and risk frame
Positioning agrees with the Sharemaestro trend backdrop.
The tape is pricing or displaying unusually elevated activity.
Expected move or upcoming earnings makes the setup more event-sensitive.
Underlying price is close to the max-pain zone.
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
Close333.22
1W-12.1%
RS8.3
Fair value+75.0%
Options pressure-4
Speculation8
Volatility82
Trend fit99
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 10:32
Volatility
Pressure -57
Move 17.0%
30 Jul 10:30
Bullish
Pressure 35
Move 19.0%
31 Jul 10:21
Mixed
Pressure 7
Move 15.7%
2 Aug 22:15
Mixed
Pressure -4
Move 11.5%
Strike Map
Where activity is clustering
Strike240.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike250.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike260.00
Calls · V 0 · OI 0
Puts · V 0 · OI 3
Strike270.00
Calls · V 0 · OI 3
Puts · V 0 · OI 10
Strike280.00
Calls · V 0 · OI 0
Puts · V 0 · OI 10
Strike290.00
Calls · V 0 · OI 0
Puts · V 0 · OI 11
Strike300.00
Calls · V 0 · OI 1
Puts · V 0 · OI 17
Strike310.00
Calls · V 0 · OI 15
Puts · V 0 · OI 1
Term Structure
Expiration activity
Expiry21 Aug 2026
Contracts96
Avg IV0.61
Put-call2.00
Expiry18 Sep 2026
Contracts76
Avg IV0.59
Put-call2.00
Expiry16 Oct 2026
Contracts118
Avg IV0.59
Put-call0.50
Expiry15 Jan 2027
Contracts98
Avg IV0.60
Put-call-
Skew
Call/put IV balance
21 Aug 2026Balanced skew
Call IV0.62
Put IV0.59
Skew-0.03
18 Sep 2026Balanced skew
Call IV0.58
Put IV0.58
Skew-
16 Oct 2026Balanced skew
Call IV0.56
Put IV0.59
Skew0.03
15 Jan 2027Balanced skew
Call IV0.57
Put IV0.61
Skew0.04
Contract Tape
Most active contracts
ContractMYRG261016C00360000
SideCall
Expiry16 Oct 2026
Strike360.00
Volume2
OI11
IV0.61
ContractMYRG261016C00330000
SideCall
Expiry16 Oct 2026
Strike330.00
Volume2
OI11
IV0.61
ContractMYRG260821P00400000
SidePut
Expiry21 Aug 2026
Strike400.00
Volume2
OI2
IV0.60
ContractMYRG260918P00340000
SidePut
Expiry18 Sep 2026
Strike340.00
Volume2
OI-
IV0.56
ContractMYRG260821C00470000
SideCall
Expiry21 Aug 2026
Strike470.00
Volume1
OI30
IV0.45
ContractMYRG270115C00500000
SideCall
Expiry15 Jan 2027
Strike500.00
Volume1
OI4
IV0.59
ContractMYRG261016P00300000
SidePut
Expiry16 Oct 2026
Strike300.00
Volume1
OI2
IV0.58
ContractMYRG260918C00420000
SideCall
Expiry18 Sep 2026
Strike420.00
Volume1
OI1
IV0.58
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
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.