Primary read
Mixed
Options-market disagreement
Ticker Options Intelligence
FNV options intelligence
Franco-Nevada Corporation options pressure, expected move, strike concentration, and Sharemaestro trend context.
Conviction
36
Market data through 29 Jul 2026
Checked 30 Jul 2026 00:29 · complete available chain
Options-market disagreement
Mixed pressure
FNV currently carries mixed options pressure with a 36/100 conviction score. The nearest-chain expected move is 8.5%, with volume/open-interest participation at 0.08.
Expected move
8.5%
Wider near-term move priced
Activity / OI
0.08
Current volume is quieter versus prior open interest
Put-call
1.19
Balanced tape
Trend fit
69
Options agree with trend context
Weekly backdrop
+6.9%
RS -8.9
Expected move
8.5%
Put-call volume
1.19
Volume / OI
0.08
Reference IV
0.45
Max pain
210.00
Underlying
214.68
Nearest expiry
21 Aug 2026
Contracts
214
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.
The options read is mixed, so divergence is not strong enough to classify.
Earnings/event positioning matters because it connects the options headline to the actual evidence: $1.6M of estimated gross traded notional, calls · 91+ 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-9
1W price+6.9%
Call premium63%
Put premium37%
Notional split
C 63% / P 37%
Estimated gross traded notional uses volume × contract multiplier × midpoint, or last price when no valid midpoint is available.
Freshness
0.08
Volume divided by open interest across the visible chain.
Trend fit
69/100
Agreement between options pressure and Sharemaestro market context.
Event window
10 Aug
Matched earnings event is 11 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 57 contracts traded, $603510 estimated gross traded notional, and 37% of visible notional.
$603510
Puts · 46-90 days · ITM
puts cluster with 34 contracts traded, $208185 estimated gross traded notional, and 13% of visible notional.
$208185
Puts · 91+ days · ITM
puts cluster with 34 contracts traded, $181445 estimated gross traded notional, and 11% of visible notional.
$181445
Calls · 46-90 days · ITM
calls cluster with 33 contracts traded, $145310 estimated gross traded notional, and 9% of visible notional.
$145310
Calls · 22-45 days · OTM
calls cluster with 326 contracts traded, $114620 estimated gross traded notional, and 7% of visible notional.
$114620
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
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
Close214.68
1W+6.9%
RS-8.9
Fair value+35.2%
Options pressure-9
Speculation34
Volatility66
Trend fit69
Today Versus Normal
Stored-options context
30d avg 8.2% · 1 read
100th
90d avg 8.2% · 1 read
100th
180d avg 8.2% · 1 read
100th
30d avg 0.41 · 1 read
100th
90d avg 0.41 · 1 read
100th
180d avg 0.41 · 1 read
100th
30d avg 3.00 · 1 read
0th
90d avg 3.00 · 1 read
0th
180d avg 3.00 · 1 read
0th
30d avg 0.01 · 1 read
100th
90d avg 0.01 · 1 read
100th
180d avg 0.01 · 1 read
100th
Pressure Trail
Recent pressure and volatility
29 Jul 10:10
Bearish
Pressure -50
Move 8.2%
29 Jul 23:29
Mixed
Pressure -9
Move 8.5%
Strike Map
Where activity is clustering
Strike120.00
Calls · V 0 · OI 1
Puts · V 0 · OI 0
Strike130.00
Calls · V 0 · OI 1
Puts · V 0 · OI 0
Strike140.00
Calls · V 2 · OI 3
Puts · V 0 · OI 0
Strike145.00
Calls · V 0 · OI 1
Puts · V 0 · OI 0
Strike150.00
Calls · V 0 · OI 0
Puts · V 2 · OI 4
Strike155.00
Calls · V 0 · OI 0
Puts · V 3 · OI 28
Strike160.00
Calls · V 0 · OI 0
Puts · V 3 · OI 26
Strike165.00
Calls · V 1 · OI 2
Puts · V 1 · OI 81
Term Structure
Expiration activity
Expiry21 Aug 2026
Contracts43
Avg IV0.45
Put-call0.87
Expiry18 Sep 2026
Contracts28
Avg IV0.43
Put-call3.23
Expiry16 Oct 2026
Contracts55
Avg IV0.43
Put-call1.43
Expiry15 Jan 2027
Contracts88
Avg IV0.42
Put-call1.32
Skew
Call/put IV balance
21 Aug 2026Balanced skew
Call IV0.45
Put IV0.45
Skew0.00
18 Sep 2026Balanced skew
Call IV0.44
Put IV0.40
Skew-0.04
16 Oct 2026Call IV premium
Call IV0.45
Put IV0.39
Skew-0.05
15 Jan 2027Call IV premium
Call IV0.45
Put IV0.38
Skew-0.06
Contract Tape
Most active contracts
ContractFNV261016C00145000
SideCall
Expiry16 Oct 2026
Strike145.00
Volume-
OI10
IV1.20
ContractFNV260918P00150000
SidePut
Expiry18 Sep 2026
Strike150.00
Volume-
OI10
IV0.66
ContractFNV270115C00090000
SideCall
Expiry15 Jan 2027
Strike90.00
Volume-
OI4
IV1.95
ContractFNV260918P00165000
SidePut
Expiry18 Sep 2026
Strike165.00
Volume-
OI3
IV0.50
ContractFNV260918P00170000
SidePut
Expiry18 Sep 2026
Strike170.00
Volume-
OI3
IV0.50
ContractFNV260918C00140000
SideCall
Expiry18 Sep 2026
Strike140.00
Volume-
OI2
IV0.66
ContractFNV260918C00195000
SideCall
Expiry18 Sep 2026
Strike195.00
Volume-
OI1
IV0.47
ContractFNV260821C00120000
SideCall
Expiry21 Aug 2026
Strike120.00
Volume-
OI1
IV1.07
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.