Ticker Options Intelligence

AA options intelligence

Alcoa Corp options pressure, expected move, strike concentration, and Sharemaestro trend context.

Conviction 39 Market data through 29 Jul 2026 Checked 30 Jul 2026 02:16 · complete available chain

Call-side pressure

Bullish pressure

AA currently carries bullish options pressure with a 39/100 conviction score. The nearest-chain expected move is 4.8%, with volume/open-interest participation at 0.04.

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

Call-side pressure

Expected move 4.8%

Near-term move context

Activity / OI 0.04

Current volume is quieter versus prior open interest

Put-call 0.35

Call-side skew

Trend fit 7

Options are not fully confirming trend

Weekly backdrop +0.6%

RS -18.7

Expected move 4.8%
Put-call volume 0.35
Volume / OI 0.04
Reference IV 0.85
Max pain 45.00
Underlying 44.24
Nearest expiry 31 Jul 2026
Contracts 852

Options Intent Radar

Multi-expiry position-maintenance candidate

76/100
Primary intent Multi-expiry position-maintenance candidate

Activity is spread across expirations with heavier open interest than current volume, which can be consistent with position maintenance.

Flow vs price divergence Bullish flow before price confirmation

Call-side pressure is building before a meaningful weekly price response.

Why this matters

Multi-expiry position-maintenance candidate matters because it connects the options headline to the actual evidence: $2.0M of estimated gross traded notional, calls · 46-90 days · otm, and a bullish flow before price confirmation backdrop. Use it as a research priority signal, then validate the chart, liquidity, event calendar, and risk before acting.

Options pressure+50
1W price+0.6%
Call premium67%
Put premium33%
Notional split C 67% / P 33% Estimated gross traded notional uses volume × contract multiplier × midpoint, or last price when no valid midpoint is available.
Freshness 0.04 Volume divided by open interest across the visible chain.
Trend fit 7/100 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.
Conviction clusters Calls · 46-90 days · OTM
Calls · 46-90 days · OTM calls cluster with 3003 contracts traded, $364788 estimated gross traded notional, and 18% of visible notional.
$364788
Calls · 91+ days · ATM calls cluster with 395 contracts traded, $236092 estimated gross traded notional, and 12% of visible notional.
$236092
Calls · 91+ days · OTM calls cluster with 659 contracts traded, $154616 estimated gross traded notional, and 8% of visible notional.
$154616
Calls · 22-45 days · ITM calls cluster with 621 contracts traded, $146646 estimated gross traded notional, and 7% of visible notional.
$146646
Puts · 91+ days · ITM puts cluster with 60 contracts traded, $118072 estimated gross traded notional, and 6% of visible notional.
$118072

Setup Classification

Opportunity and risk frame

Context, not advice
Warning Volatility expansion

The tape is pricing or displaying unusually elevated activity.

Negative Options disagreement

Options positioning is not confirming the underlying trend context.

Warning Crowded strike risk

Underlying price is close to the max-pain zone.

Activity Anomaly

Normal range

33

Activity is broadly in line with recent stored snapshots.

Volume rank0th
Volume/OI rank0th
IV rank100th

Market Context

Underlying confirmation

Sharemaestro weekly
Close44.24
1W+0.6%
RS-18.7
Fair value+15.2%
Options pressure50
Speculation41
Volatility75
Trend fit7

Today Versus Normal

Stored-options context

View history
Expected move 4.8% elevated
30d avg 4.6% · 1 read 100th
90d avg 4.6% · 1 read 100th
180d avg 4.6% · 1 read 100th
IV 0.85 elevated
30d avg 0.65 · 1 read 100th
90d avg 0.65 · 1 read 100th
180d avg 0.65 · 1 read 100th
Put-call 0.35 muted
30d avg 0.52 · 1 read 0th
90d avg 0.52 · 1 read 0th
180d avg 0.52 · 1 read 0th
Volume/OI 0.04 muted
30d avg 0.07 · 1 read 0th
90d avg 0.07 · 1 read 0th
180d avg 0.07 · 1 read 0th

Pressure Trail

Recent pressure and volatility

Open trail
29 Jul 10:19 Bullish
Pressure 33
Move 4.6%
30 Jul 01:16 Bullish
Pressure 50
Move 4.8%

Strike Map

Where activity is clustering

Full strike map
Strike35.00
Calls · V 3 · OI 15
Puts · V 0 · OI 70
Strike36.00
Calls · V 3 · OI 7
Puts · V 2 · OI 2
Strike36.50
Calls · V 3 · OI 6
Puts · V 0 · OI 2
Strike37.00
Calls · V 6 · OI 14
Puts · V 28 · OI 14
Strike37.50
Calls · V 4 · OI 14
Puts · V 22 · OI 18
Strike38.00
Calls · V 5 · OI 13
Puts · V 9 · OI 39
Strike38.50
Calls · V 9 · OI 18
Puts · V 79 · OI 116
Strike39.00
Calls · V 9 · OI 3
Puts · V 81 · OI 173

Term Structure

Expiration activity

Volume and IV
Expiry31 Jul 2026
Contracts128
Avg IV0.85
Put-call1.85
Expiry7 Aug 2026
Contracts92
Avg IV0.57
Put-call0.67
Expiry14 Aug 2026
Contracts84
Avg IV0.55
Put-call0.41
Expiry21 Aug 2026
Contracts94
Avg IV0.54
Put-call0.37
Expiry28 Aug 2026
Contracts58
Avg IV0.54
Put-call0.08

Skew

Call/put IV balance

OTM demand
31 Jul 2026Put IV premium
Call IV0.77
Put IV1.03
Skew0.26
7 Aug 2026Put IV premium
Call IV0.52
Put IV1.14
Skew0.61
14 Aug 2026Balanced skew
Call IV0.55
Put IV0.57
Skew0.02
21 Aug 2026Call IV premium
Call IV0.84
Put IV0.55
Skew-0.29
28 Aug 2026Balanced skew
Call IV0.51
Put IV0.55
Skew0.04

Contract Tape

Most active contracts

Full contract tape
ContractAA261016C00050000
SideCall
Expiry16 Oct 2026
Strike50.00
Volume1395
OI2923
IV0.54
ContractAA261016C00065000
SideCall
Expiry16 Oct 2026
Strike65.00
Volume1134
OI1500
IV0.57
ContractAA260828C00050000
SideCall
Expiry28 Aug 2026
Strike50.00
Volume701
OI71
IV0.49
ContractAA260821C00043000
SideCall
Expiry21 Aug 2026
Strike43.00
Volume507
OI33
IV0.50
ContractAA261218C00065000
SideCall
Expiry18 Dec 2026
Strike65.00
Volume326
OI1909
IV0.56
ContractAA260731P00043000
SidePut
Expiry31 Jul 2026
Strike43.00
Volume316
OI770
IV0.67
ContractAA261218C00045000
SideCall
Expiry18 Dec 2026
Strike45.00
Volume279
OI1001
IV0.56
ContractAA260821P00037000
SidePut
Expiry21 Aug 2026
Strike37.00
Volume251
OI32
IV0.66