Ticker Options Intelligence

STLD options intelligence

Steel Dynamics Inc options pressure, expected move, strike concentration, and Sharemaestro trend context.

Conviction 39 Market data through 29 Jul 2026 Checked 30 Jul 2026 02:12 · complete available chain

Options-market disagreement

Mixed pressure

STLD currently carries mixed options pressure with a 39/100 conviction score. The nearest-chain expected move is 8.7%, with volume/open-interest participation at 0.01.

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

Options-market disagreement

Expected move 8.7%

Wider near-term move priced

Activity / OI 0.01

Current volume is quieter versus prior open interest

Put-call 1.08

Balanced tape

Trend fit 100

Options agree with trend context

Weekly backdrop +4.9%

RS 25.4

Expected move 8.7%
Put-call volume 1.08
Volume / OI 0.01
Reference IV 0.43
Max pain 230.00
Underlying 247.11
Nearest expiry 21 Aug 2026
Contracts 956

Options Intent Radar

Multi-expiry position-maintenance candidate

67/100
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 No clean flow/price divergence

The options read is mixed, so divergence is not strong enough to classify.

Why this matters

Multi-expiry position-maintenance candidate matters because it connects the options headline to the actual evidence: $414685 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+2
1W price+4.9%
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 0.01 Volume divided by open interest across the visible chain.
Trend fit 100/100 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 · 91+ days · ITM
Calls · 91+ days · ITM calls cluster with 36 contracts traded, $126625 estimated gross traded notional, and 31% of visible notional.
$126625
Puts · 91+ days · OTM puts cluster with 61 contracts traded, $47532 estimated gross traded notional, and 11% of visible notional.
$47532
Calls · 46-90 days · ATM calls cluster with 24 contracts traded, $42720 estimated gross traded notional, and 10% of visible notional.
$42720
Calls · 46-90 days · ITM calls cluster with 13 contracts traded, $34820 estimated gross traded notional, and 8% of visible notional.
$34820
Calls · 91+ days · OTM calls cluster with 15 contracts traded, $25340 estimated gross traded notional, and 6% of visible notional.
$25340

Setup Classification

Opportunity and risk frame

Context, not advice
Positive Options-confirmed trend

Positioning agrees with the Sharemaestro trend backdrop.

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.

Activity Anomaly

Quiet tape

0

Activity is muted versus this ticker's stored history.

Volume rank0th
Volume/OI rank0th
IV rank0th

Market Context

Underlying confirmation

Sharemaestro weekly
Close247.11
1W+4.9%
RS25.4
Fair value+74.5%
Options pressure2
Speculation27
Volatility65
Trend fit100

Today Versus Normal

Stored-options context

View history
Expected move 8.7% muted
30d avg 10.2% · 1 read 0th
90d avg 10.2% · 1 read 0th
180d avg 10.2% · 1 read 0th
IV 0.43 muted
30d avg 0.46 · 1 read 0th
90d avg 0.46 · 1 read 0th
180d avg 0.46 · 1 read 0th
Put-call 1.08 elevated
30d avg 0.20 · 1 read 100th
90d avg 0.20 · 1 read 100th
180d avg 0.20 · 1 read 100th
Volume/OI 0.01 muted
30d avg 0.04 · 1 read 0th
90d avg 0.04 · 1 read 0th
180d avg 0.04 · 1 read 0th

Pressure Trail

Recent pressure and volatility

Open trail
29 Jul 10:12 Volatility
Pressure 72
Move 10.2%
30 Jul 01:12 Mixed
Pressure 2
Move 8.7%

Strike Map

Where activity is clustering

Full strike map
Strike85.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike90.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike95.00
Calls · V 0 · OI 0
Puts · V 0 · OI 1
Strike100.00
Calls · V 0 · OI 0
Puts · V 0 · OI 1
Strike105.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike110.00
Calls · V 0 · OI 3
Puts · V 0 · OI 8
Strike115.00
Calls · V 0 · OI 0
Puts · V 0 · OI 4
Strike120.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0

Term Structure

Expiration activity

Volume and IV
Expiry21 Aug 2026
Contracts92
Avg IV0.43
Put-call0.72
Expiry18 Sep 2026
Contracts102
Avg IV0.43
Put-call1.46
Expiry20 Nov 2026
Contracts94
Avg IV0.43
Put-call1.55
Expiry18 Dec 2026
Contracts96
Avg IV0.43
Put-call1.25
Expiry15 Jan 2027
Contracts104
Avg IV0.41
Put-call0.05

Skew

Call/put IV balance

OTM demand
21 Aug 2026Balanced skew
Call IV0.42
Put IV0.43
Skew0.01
18 Sep 2026Balanced skew
Call IV0.42
Put IV0.43
Skew0.01
20 Nov 2026Balanced skew
Call IV0.43
Put IV0.44
Skew0.01
18 Dec 2026Balanced skew
Call IV0.43
Put IV0.43
Skew-
15 Jan 2027Balanced skew
Call IV0.42
Put IV0.42
Skew-

Contract Tape

Most active contracts

Full contract tape
ContractSTLD260918P00200000
SidePut
Expiry18 Sep 2026
Strike200.00
Volume38
OI75
IV0.47
ContractSTLD261120P00210000
SidePut
Expiry20 Nov 2026
Strike210.00
Volume34
OI42
IV0.45
ContractSTLD260918C00250000
SideCall
Expiry18 Sep 2026
Strike250.00
Volume24
OI353
IV0.42
ContractSTLD260821C00290000
SideCall
Expiry21 Aug 2026
Strike290.00
Volume19
OI195
IV0.45
ContractSTLD261120C00240000
SideCall
Expiry20 Nov 2026
Strike240.00
Volume15
OI52
IV0.42
ContractSTLD261218P00210000
SidePut
Expiry18 Dec 2026
Strike210.00
Volume15
OI27
IV0.44
ContractSTLD260821C00260000
SideCall
Expiry21 Aug 2026
Strike260.00
Volume10
OI568
IV0.41
ContractSTLD260821P00220000
SidePut
Expiry21 Aug 2026
Strike220.00
Volume10
OI290
IV0.52

Research Graph

Related research and context

Ticker deep links

Market Watch

Steel Dynamics Inc (STLD) enters results week with a four-week pullback in view21 Jul 2026 01:59 Steel Dynamics Inc (STLD) weekly slide lands on heavier steel tape24 Jun 2026 23:30 Steel Dynamics Inc (STLD) drops 11.6% as weekly volume expands23 Jun 2026 11:15 Steel Dynamics Inc (STLD) draws heavy tape as weekly selling cuts into steel rally22 Jun 2026 08:00 Steel Dynamics Inc (STLD) adds a 5.3% week to a steep steel-sector run19 Jun 2026 05:22 Steel Dynamics Inc (STLD) three-month run reaches 73.0%16 Jun 2026 03:20