Primary read
Mixed
Options-market disagreement
Ticker Options Intelligence
ACM options intelligence
Aecom Technology Corporation options pressure, expected move, strike concentration, and Sharemaestro trend context.
Conviction
36
Market data through 31 Jul 2026
Checked 1 Aug 2026 06:02 · complete available chain
Options-market disagreement
Mixed pressure
ACM currently carries mixed options pressure with a 36/100 conviction score. The nearest-chain expected move is 9.5%, with volume/open-interest participation at 0.02.
Expected move
9.5%
Wider near-term move priced
Activity / OI
0.02
Current volume is quieter versus prior open interest
Put-call
1.17
Balanced tape
Trend fit
67
Options agree with trend context
Weekly backdrop
+3.3%
RS -34.2
Expected move
9.5%
Put-call volume
1.17
Volume / OI
0.02
Reference IV
0.48
Max pain
70.00
Underlying
70.56
Nearest expiry
21 Aug 2026
Contracts
374
Research Brief
ACM has a mixed chain read with 36/100 evidence alignment.
The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 63.89–77.23; The largest call open-interest concentration is 80.00; the largest put concentration is 70.00. The most active strike by current volume is 75.00.
Priced range63.89–77.23
Call concentration80.00
Put concentration70.00
Max pain reference70.00
- 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.
- 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
Options imply 63.89 to 77.23. Max pain at 70.00 sits inside that range, 0.8% below spot.
Spot
Max pain
63.8970.56 ± 6.6777.23
Confirmation level
A close beyond 77.23 or below 63.89 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 36/100
Pressure is 5/100 toward puts; conviction uses its strength, while the signal label carries its direction.
Directional pressure5 × 42%
+2.2
How strongly activity leans toward calls or puts.
Participation40 × 22%
+8.9
Volume relative to existing open interest and contract-level activity.
Trend agreement67 × 26%
+17.5
How closely the chain read agrees with the underlying trend backdrop.
Volatility71 × 10%
+7.1
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 80.00; the largest put concentration is 70.00. The most active strike by current volume is 75.00. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.
Put open interestStrikeCall open interest
0
40.00-43.3%
30
15
55.00-22.1%
0
327
60.00-15.0%
3
49
62.50-11.4%
1
121
65.00-7.9%
20
97
67.50-4.3%
47
347
70.00-0.8%
226
28
72.502.7%
133
129
75.006.3%
221
4
77.509.8%
145
108
80.0013.4%
305
21
82.5016.9%
61
19
85.0020.5%
60
0
92.5031.1%
143
0
95.0034.6%
103
0
105.0048.8%
33
0
195.00176.4%
11
Nearest spot strike Max pain strikeBars show relative OI within this expiry
Volatility Curve
Front-loaded volatility
Near-term options are materially richer than later expirations, consistent with concentrated event or immediate-risk pricing.
0.48
21 Aug
21d
0.40
18 Sep
49d
0.40
16 Oct
77d
0.38
18 Dec
140d
0.38
19 Mar
231d
Volatility by Strike
Downside protection premium
Out-of-the-money puts carry higher implied volatility than comparable calls, indicating richer downside protection.
60
63
65
68
70
73
75
78
80
83
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
- 374 / 374
- 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
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: $107045 of estimated gross traded notional, calls · 91+ days · atm, 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-5
1W price+3.3%
Call premium56%
Put premium44%
Notional split
C 56% / P 44%
Estimated gross traded notional uses volume × contract multiplier × midpoint, or last price when no valid midpoint is available.
Freshness
0.02
Volume divided by open interest across the visible chain.
Trend fit
67/100
Agreement between options pressure and Sharemaestro market context.
Event window
3 Aug
Matched earnings event is 2 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 · ATM
calls cluster with 40 contracts traded, $40050 estimated gross traded notional, and 37% of visible notional.
$40050
Puts · 91+ days · OTM
puts cluster with 65 contracts traded, $17875 estimated gross traded notional, and 17% of visible notional.
$17875
Puts · 91+ days · ITM
puts cluster with 10 contracts traded, $14600 estimated gross traded notional, and 14% of visible notional.
$14600
Puts · 8-21 days · ITM
puts cluster with 26 contracts traded, $11960 estimated gross traded notional, and 11% of visible notional.
$11960
Calls · 91+ days · OTM
calls cluster with 21 contracts traded, $10445 estimated gross traded notional, and 10% of visible notional.
$10445
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
Close70.56
1W+3.3%
RS-34.2
Fair value-26.4%
Options pressure-5
Speculation40
Volatility71
Trend fit67
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 10:29
Mixed
Pressure 12
Move 10.7%
30 Jul 10:24
Volatility
Pressure -43
Move 10.1%
31 Jul 13:02
Volatility
Pressure -59
Move 10.4%
31 Jul 17:44
Volatility
Pressure -29
Move 10.0%
31 Jul 20:01
Volatility
Pressure -29
Move 10.0%
31 Jul 22:22
Volatility
Pressure -28
Move 9.5%
1 Aug 05:02
Mixed
Pressure -5
Move 9.5%
Strike Map
Where activity is clustering
Strike37.50
Calls · V 0 · OI 1
Puts · V 0 · OI 1
Strike40.00
Calls · V 0 · OI 30
Puts · V 0 · OI 0
Strike42.50
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike45.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike47.50
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike50.00
Calls · V 0 · OI 0
Puts · V 0 · OI 1
Strike55.00
Calls · V 0 · OI 0
Puts · V 0 · OI 15
Strike60.00
Calls · V 0 · OI 3
Puts · V 0 · OI 327
Term Structure
Expiration activity
Expiry21 Aug 2026
Contracts86
Avg IV0.48
Put-call1.17
Expiry18 Sep 2026
Contracts86
Avg IV0.40
Put-call4.00
Expiry16 Oct 2026
Contracts84
Avg IV0.40
Put-call0.13
Expiry18 Dec 2026
Contracts74
Avg IV0.38
Put-call2.88
Expiry19 Mar 2027
Contracts44
Avg IV0.38
Put-call-
Skew
Call/put IV balance
21 Aug 2026Put IV premium
Call IV0.41
Put IV0.49
Skew0.09
18 Sep 2026Call IV premium
Call IV0.48
Put IV0.42
Skew-0.06
16 Oct 2026Balanced skew
Call IV0.41
Put IV0.41
Skew-
18 Dec 2026Balanced skew
Call IV0.40
Put IV0.36
Skew-0.04
19 Mar 2027Balanced skew
Call IV0.36
Put IV0.39
Skew0.03
Contract Tape
Most active contracts
ContractACM261218P00065000
SidePut
Expiry18 Dec 2026
Strike65.00
Volume65
OI369
IV0.36
ContractACM270319C00070000
SideCall
Expiry19 Mar 2027
Strike70.00
Volume30
OI3
IV0.38
ContractACM260821P00075000
SidePut
Expiry21 Aug 2026
Strike75.00
Volume26
OI129
IV0.45
ContractACM260821C00075000
SideCall
Expiry21 Aug 2026
Strike75.00
Volume15
OI221
IV0.51
ContractACM261218C00075000
SideCall
Expiry18 Dec 2026
Strike75.00
Volume10
OI122
IV0.39
ContractACM261218C00070000
SideCall
Expiry18 Dec 2026
Strike70.00
Volume10
OI120
IV0.39
ContractACM261218P00085000
SidePut
Expiry18 Dec 2026
Strike85.00
Volume10
OI25
IV0.40
ContractACM260918P00070000
SidePut
Expiry18 Sep 2026
Strike70.00
Volume7
OI49
IV0.38
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.