Primary read
Volatility
Volatility expansion watch
Ticker Options Intelligence
MUSA options intelligence
Murphy USA Inc options pressure, expected move, strike concentration, and Sharemaestro trend context.
Conviction
49
Market data through 29 Jul 2026
Checked 29 Jul 2026 22:07 · complete available chain
Volatility expansion watch
Volatility pressure
MUSA currently carries volatility options pressure with a 49/100 conviction score. The nearest-chain expected move is 9.9%, with volume/open-interest participation at 0.55.
Expected move
9.9%
Wider near-term move priced
Activity / OI
0.55
Current volume is elevated versus prior open interest
Put-call
0.54
Call-side skew
Trend fit
65
Options agree with trend context
Weekly backdrop
-0.9%
RS 27.0
Expected move
9.9%
Put-call volume
0.54
Volume / OI
0.55
Reference IV
0.51
Max pain
520.00
Underlying
613.15
Nearest expiry
21 Aug 2026
Contracts
213
Options Intent Radar
Earnings/event positioning
Options activity is concentrated around a live event window, so the cleanest read is event positioning rather than pure direction.
Options are pricing movement more than direction; compare expected move with the stock's actual weekly change.
Earnings/event positioning matters because it connects the options headline to the actual evidence: $3.3M of estimated gross traded notional, calls · 91+ 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+37
1W price-0.9%
Call premium86%
Put premium14%
Notional split
C 86% / P 14%
Estimated gross traded notional uses volume × contract multiplier × midpoint, or last price when no valid midpoint is available.
Freshness
0.55
Volume divided by open interest across the visible chain.
Trend fit
65/100
Agreement between options pressure and Sharemaestro market context.
Event window
29 Jul
Matched earnings event is 0 days away.
Aggregate chain data does not identify trade aggressor or opening versus closing activity; call/put concentration is not proof of market direction.
Calls · 91+ days · ITM
calls cluster with 82 contracts traded, $689120 estimated gross traded notional, and 21% of visible notional.
$689120
Calls · 91+ days · OTM
calls cluster with 94 contracts traded, $458895 estimated gross traded notional, and 14% of visible notional.
$458895
Calls · 22-45 days · OTM
calls cluster with 284 contracts traded, $397438 estimated gross traded notional, and 12% of visible notional.
$397438
Calls · 46-90 days · ITM
calls cluster with 21 contracts traded, $391230 estimated gross traded notional, and 12% of visible notional.
$391230
Calls · 46-90 days · ATM
calls cluster with 58 contracts traded, $325080 estimated gross traded notional, and 10% of visible notional.
$325080
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.
Activity Anomaly
High anomaly
Current options activity is unusually hot versus this ticker's stored history.
Volume rank100th
Volume/OI rank100th
IV rank100th
Market Context
Underlying confirmation
Close613.15
1W-0.9%
RS27.0
Fair value+39.9%
Options pressure37
Speculation39
Volatility76
Trend fit65
Today Versus Normal
Stored-options context
30d avg 9.3% · 1 read
100th
90d avg 9.3% · 1 read
100th
180d avg 9.3% · 1 read
100th
30d avg 0.46 · 1 read
100th
90d avg 0.46 · 1 read
100th
180d avg 0.46 · 1 read
100th
30d avg 0.07 · 1 read
100th
90d avg 0.07 · 1 read
100th
180d avg 0.07 · 1 read
100th
30d avg 0.02 · 1 read
100th
90d avg 0.02 · 1 read
100th
180d avg 0.02 · 1 read
100th
Pressure Trail
Recent pressure and volatility
29 Jul 10:28
Bullish
Pressure 94
Move 9.3%
29 Jul 21:07
Volatility
Pressure 37
Move 9.9%
Strike Map
Where activity is clustering
Strike390.00
Calls · V 0 · OI 0
Puts · V 0 · OI 1
Strike440.00
Calls · V 0 · OI 0
Puts · V 10 · OI 11
Strike450.00
Calls · V 0 · OI 2
Puts · V 0 · OI 0
Strike460.00
Calls · V 1 · OI 1
Puts · V 0 · OI 0
Strike480.00
Calls · V 0 · OI 0
Puts · V 2 · OI 4
Strike500.00
Calls · V 0 · OI 0
Puts · V 51 · OI 54
Strike510.00
Calls · V 2 · OI 1
Puts · V 0 · OI 0
Strike520.00
Calls · V 15 · OI 15
Puts · V 1 · OI 1
Term Structure
Expiration activity
Expiry21 Aug 2026
Contracts38
Avg IV0.51
Put-call0.22
Expiry18 Sep 2026
Contracts2
Avg IV0.53
Put-call-
Expiry16 Oct 2026
Contracts62
Avg IV0.46
Put-call0.30
Expiry18 Dec 2026
Contracts61
Avg IV0.40
Put-call1.18
Expiry15 Jan 2027
Contracts50
Avg IV0.52
Put-call1.23
Skew
Call/put IV balance
21 Aug 2026Balanced skew
Call IV0.52
Put IV0.49
Skew-0.04
18 Sep 2026Incomplete skew
Call IV-
Put IV0.48
Skew-
16 Oct 2026Call IV premium
Call IV0.45
Put IV0.40
Skew-0.05
18 Dec 2026Put IV premium
Call IV0.44
Put IV0.63
Skew0.19
15 Jan 2027Put IV premium
Call IV0.44
Put IV0.60
Skew0.16
Contract Tape
Most active contracts
ContractMUSA260821C00540000
SideCall
Expiry21 Aug 2026
Strike540.00
Volume-
OI15
IV0.56
ContractMUSA261218C00660000
SideCall
Expiry18 Dec 2026
Strike660.00
Volume-
OI12
IV0.38
ContractMUSA270115P00440000
SidePut
Expiry15 Jan 2027
Strike440.00
Volume-
OI10
IV0.47
ContractMUSA270115P00610000
SidePut
Expiry15 Jan 2027
Strike610.00
Volume-
OI10
IV0.61
ContractMUSA270115P00580000
SidePut
Expiry15 Jan 2027
Strike580.00
Volume-
OI10
IV0.60
ContractMUSA270115P00570000
SidePut
Expiry15 Jan 2027
Strike570.00
Volume-
OI10
IV0.59
ContractMUSA261218C00680000
SideCall
Expiry18 Dec 2026
Strike680.00
Volume-
OI5
IV0.42
ContractMUSA270115P00500000
SidePut
Expiry15 Jan 2027
Strike500.00
Volume-
OI5
IV0.43
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
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.