Ticker Options Intelligence

SCCO options intelligence

Southern Copper Corporation options pressure, expected move, strike concentration, and Sharemaestro trend context.

Conviction 50 Market data through 29 Jul 2026 Checked 30 Jul 2026 11:00 · complete available chain

Volatility expansion watch

Volatility pressure

SCCO currently carries volatility options pressure with a 50/100 conviction score. The nearest-chain expected move is 5.1%, with volume/open-interest participation at 0.07.

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

Volatility expansion watch

Expected move 5.1%

Near-term move context

Activity / OI 0.07

Current volume is quieter versus prior open interest

Put-call 0.12

Call-side skew

Trend fit 0

Options are not fully confirming trend

Weekly backdrop +3.9%

RS 9.4

Expected move 5.1%
Put-call volume 0.12
Volume / OI 0.07
Reference IV 0.82
Max pain 185.00
Underlying 179.29
Nearest expiry 31 Jul 2026
Contracts 1176

Research Brief

SCCO has a volatility chain read with 50/100 evidence alignment.

The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 170.22–188.36; The largest call open-interest concentration is 187.50; the largest put concentration is 165.00. The most active strike by current volume is 187.50.

Priced range170.22–188.36
Call concentration187.50
Put concentration165.00
Max pain reference185.00
What would confirm it
  • A clear directional pressure reading develops and price begins to agree.
What 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.

Priced Move

Where the chain says movement becomes exceptional

Size, not direction · through 31 Jul

Options imply 170.22 to 188.36. Max pain at 185.00 sits inside that range, 3.2% above spot.

Spot Max pain
170.22179.29 ± 9.07188.36
Confirmation level

A close beyond 188.36 or below 170.22 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 50/100

Evidence alignment, not probability

Pressure is 78/100 toward calls; conviction uses its strength, while the signal label carries its direction.

Directional pressure78 × 42%
+32.9

How strongly activity leans toward calls or puts.

Participation42 × 22%
+9.1

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

Trend agreement0 × 26%
+0.0

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

Volatility76 × 10%
+7.6

The intensity of implied volatility and the priced move.

Reconstructed score49.7Matches stored calculation

Positioning by Strike

Where open interest and current activity concentrate

Full strike map

The largest call open-interest concentration is 187.50; the largest put concentration is 165.00. The most active strike by current volume is 187.50. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.

Put open interestStrikeCall open interest
103
160.00-10.8%
0
98
162.50-9.4%
0
2057
165.00-8.0%
0
84
167.50-6.6%
0
160
170.00-5.2%
22
1054
175.00-2.4%
13
45
177.50-1.0%
48
102
180.000.4%
54
9
185.003.2%
73
1
187.504.6%
1025
43
190.006.0%
123
0
192.507.4%
115
130
195.008.8%
92
0
202.5012.9%
97
1
205.0014.3%
189
3
210.0017.1%
124
0
220.0022.7%
124
Nearest spot strike Max pain strikeBars show relative OI within this expiry

Volatility Curve

Front-loaded volatility

1.53× front/back

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

0.82 31 Jul 1d
0.62 7 Aug 8d
0.62 14 Aug 15d
0.60 21 Aug 22d
0.57 28 Aug 29d
0.55 4 Sep 36d
0.56 18 Sep 50d
0.55 16 Oct 78d

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.

144
146
147
149
150
155
160
163
168
170
175
180
183
188
190
195
200
203
208
210
215
Put IV Call IV

Historical Replay

How matured reads behaved through expiry

0 directional observations

No independently verifiable option-expiry outcomes have matured yet. Legacy snapshots without a point-in-time market reference and repeated same-session snapshots are deliberately excluded.

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

Usable with limits

C69/100
Retained chain100%
Implied volatility100%
Two-sided quotes100%
Open interest100%
Chain status
Complete available chain
Market date
29 Jul 2026
Calculation
v1.x legacy
Contracts
1176 / 1176
  • 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

88/100
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 Volatility flow versus price

Options are pricing movement more than direction; compare expected move with the stock's actual weekly change.

Why this matters

Earnings/event positioning matters because it connects the options headline to the actual evidence: $1.6M of estimated gross traded notional, calls · 46-90 days · itm, and a volatility flow versus price backdrop. Use it as a research priority signal, then validate the chart, liquidity, event calendar, and risk before acting.

Options pressure+78
1W price+3.9%
Call premium70%
Put premium30%
Notional split C 70% / P 30% Estimated gross traded notional uses volume × contract multiplier × midpoint, or last price when no valid midpoint is available.
Freshness 0.07 Volume divided by open interest across the visible chain.
Trend fit 0/100 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 · 46-90 days · ITM
Calls · 46-90 days · ITM calls cluster with 181 contracts traded, $456365 estimated gross traded notional, and 28% of visible notional.
$456365
Puts · 46-90 days · ITM puts cluster with 30 contracts traded, $198110 estimated gross traded notional, and 12% of visible notional.
$198110
Calls · 0-7 days · ATM calls cluster with 945 contracts traded, $186635 estimated gross traded notional, and 12% of visible notional.
$186635
Calls · 91+ days · ATM calls cluster with 65 contracts traded, $117325 estimated gross traded notional, and 7% of visible notional.
$117325
Calls · 8-21 days · ITM calls cluster with 36 contracts traded, $104940 estimated gross traded notional, and 6% of visible notional.
$104940

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.

Activity Anomaly

Warming up

-

1 of 10 completed market sessions are available. More session history is needed before activity can be compared with a reliable normal.

Baseline: 1 completed session

Volume rank-
Volume/OI rank-
IV rank-

Market Context

Underlying confirmation

Sharemaestro weekly
Close179.29
1W+3.9%
RS9.4
Fair value+65.6%
Options pressure78
Speculation42
Volatility76
Trend fit0

Today Versus Normal

Stored-options context

View history
Expected move 5.1% history building
30d avg - · 1/10 sessions -
90d avg - · 1/30 sessions -
180d avg - · 1/60 sessions -
IV 0.82 history building
30d avg - · 1/10 sessions -
90d avg - · 1/30 sessions -
180d avg - · 1/60 sessions -
Put-call 0.12 history building
30d avg - · 1/10 sessions -
90d avg - · 1/30 sessions -
180d avg - · 1/60 sessions -
Volume/OI 0.07 history building
30d avg - · 1/10 sessions -
90d avg - · 1/30 sessions -
180d avg - · 1/60 sessions -

Pressure Trail

Recent pressure and volatility

Open trail
29 Jul 10:00 Bullish
Pressure 22
Move 5.5%
30 Jul 10:00 Volatility
Pressure 78
Move 5.1%

Strike Map

Where activity is clustering

Full strike map
Strike95.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike100.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike105.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike110.00
Calls · V 0 · OI 2
Puts · V 0 · OI 0
Strike115.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike120.00
Calls · V 0 · OI 0
Puts · V 0 · OI 6
Strike125.00
Calls · V 0 · OI 0
Puts · V 0 · OI 1
Strike130.00
Calls · V 0 · OI 2
Puts · V 0 · OI 1

Term Structure

Expiration activity

Volume and IV
Expiry31 Jul 2026
Contracts126
Avg IV0.82
Put-call0.05
Expiry7 Aug 2026
Contracts104
Avg IV0.62
Put-call3.35
Expiry14 Aug 2026
Contracts90
Avg IV0.62
Put-call0.08
Expiry21 Aug 2026
Contracts130
Avg IV0.60
Put-call0.48
Expiry28 Aug 2026
Contracts70
Avg IV0.57
Put-call1.33

Skew

Call/put IV balance

OTM demand
31 Jul 2026Balanced skew
Call IV0.87
Put IV0.91
Skew0.04
7 Aug 2026Balanced skew
Call IV0.60
Put IV0.64
Skew0.04
14 Aug 2026Put IV premium
Call IV0.53
Put IV0.64
Skew0.11
21 Aug 2026Put IV premium
Call IV0.53
Put IV0.67
Skew0.14
28 Aug 2026Put IV premium
Call IV0.50
Put IV0.62
Skew0.12

Contract Tape

Most active contracts

Full contract tape
ContractSCCO260731C00187500
SideCall
Expiry31 Jul 2026
Strike187.50
Volume952
OI1025
IV0.76
ContractSCCO260731C00180000
SideCall
Expiry31 Jul 2026
Strike180.00
Volume944
OI54
IV0.73
ContractSCCO260918C00170000
SideCall
Expiry18 Sep 2026
Strike170.00
Volume137
OI59
IV0.50
ContractSCCO260814C00200000
SideCall
Expiry14 Aug 2026
Strike200.00
Volume95
OI122
IV0.56
ContractSCCO260731P00175000
SidePut
Expiry31 Jul 2026
Strike175.00
Volume73
OI1054
IV0.78
ContractSCCO261120C00180000
SideCall
Expiry20 Nov 2026
Strike180.00
Volume65
OI1513
IV0.49
ContractSCCO260807P00170000
SidePut
Expiry7 Aug 2026
Strike170.00
Volume52
OI17
IV0.65
ContractSCCO260918P00175000
SidePut
Expiry18 Sep 2026
Strike175.00
Volume43
OI27
IV0.60