Ticker Options Intelligence

CMC options intelligence

Commercial Metals Company options pressure, expected move, strike concentration, and Sharemaestro trend context.

Conviction 40 Market data through 29 Jul 2026 Checked 29 Jul 2026 21:15 · complete available chain

Call-side pressure

Bullish pressure

CMC currently carries bullish options pressure with a 40/100 conviction score. The nearest-chain expected move is 8.3%, with volume/open-interest participation at 0.18.

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

Call-side pressure

Expected move 8.3%

Wider near-term move priced

Activity / OI 0.18

Current volume is quieter versus prior open interest

Put-call 0.47

Call-side skew

Trend fit 20

Options are not fully confirming trend

Weekly backdrop +3.8%

RS -2.6

Expected move 8.3%
Put-call volume 0.47
Volume / OI 0.18
Reference IV 0.54
Max pain 67.50
Underlying 68.95
Nearest expiry 21 Aug 2026
Contracts 144

Options Intent Radar

Multi-expiry position-maintenance candidate

65/100
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 confirms price

Options pressure and weekly price action are pointing in the same constructive direction.

Why this matters

Multi-expiry position-maintenance candidate matters because it connects the options headline to the actual evidence: $408453 of estimated gross traded notional, calls · 91+ days · itm, and a bullish flow confirms price backdrop. Use it as a research priority signal, then validate the chart, liquidity, event calendar, and risk before acting.

Options pressure+44
1W price+3.8%
Call premium79%
Put premium21%
Notional split C 79% / P 21% Estimated gross traded notional uses volume × contract multiplier × midpoint, or last price when no valid midpoint is available.
Freshness 0.18 Volume divided by open interest across the visible chain.
Trend fit 20/100 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 132 contracts traded, $208120 estimated gross traded notional, and 51% of visible notional.
$208120
Calls · 91+ days · OTM calls cluster with 133 contracts traded, $39438 estimated gross traded notional, and 10% of visible notional.
$39438
Calls · 91+ days · ATM calls cluster with 50 contracts traded, $31650 estimated gross traded notional, and 8% of visible notional.
$31650
Puts · 46-90 days · OTM puts cluster with 137 contracts traded, $29542 estimated gross traded notional, and 7% of visible notional.
$29542
Puts · 91+ days · OTM puts cluster with 80 contracts traded, $23682 estimated gross traded notional, and 6% of visible notional.
$23682

Setup Classification

Opportunity and risk frame

Context, not advice
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.

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.

Warning Bullish pressure over fair value

Call pressure is building while the stock sits above Sharemaestro fair value.

Activity Anomaly

High anomaly

100

Current options activity is unusually hot versus this ticker's stored history.

Volume rank100th
Volume/OI rank100th
IV rank100th

Market Context

Underlying confirmation

Sharemaestro weekly
Close68.95
1W+3.8%
RS-2.6
Fair value+24.3%
Options pressure44
Speculation44
Volatility71
Trend fit20

Today Versus Normal

Stored-options context

View history
Expected move 8.3% muted
30d avg 8.8% · 1 read 0th
90d avg 8.8% · 1 read 0th
180d avg 8.8% · 1 read 0th
IV 0.54 elevated
30d avg 0.41 · 1 read 100th
90d avg 0.41 · 1 read 100th
180d avg 0.41 · 1 read 100th
Put-call 0.47 elevated
30d avg 0.25 · 1 read 100th
90d avg 0.25 · 1 read 100th
180d avg 0.25 · 1 read 100th
Volume/OI 0.18 elevated
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

Open trail
29 Jul 10:30 Bullish
Pressure 68
Move 8.8%
29 Jul 20:15 Bullish
Pressure 44
Move 8.3%

Strike Map

Where activity is clustering

Full strike map
Strike47.50
Calls · V 1 · OI 1
Puts · V 0 · OI 225
Strike50.00
Calls · V 0 · OI 0
Puts · V 3 · OI 100
Strike55.00
Calls · V 0 · OI 0
Puts · V 4 · OI 24
Strike57.50
Calls · V 2 · OI 2
Puts · V 3 · OI 28
Strike60.00
Calls · V 1 · OI 4
Puts · V 5 · OI 44
Strike62.50
Calls · V 10 · OI 7
Puts · V 4 · OI 20
Strike65.00
Calls · V 3 · OI 53
Puts · V 4 · OI 12
Strike67.50
Calls · V 2 · OI 7
Puts · V 7 · OI 20

Term Structure

Expiration activity

Volume and IV
Expiry21 Aug 2026
Contracts26
Avg IV0.54
Put-call0.74
Expiry18 Sep 2026
Contracts40
Avg IV0.49
Put-call0.64
Expiry20 Nov 2026
Contracts29
Avg IV0.50
Put-call0.15
Expiry18 Dec 2026
Contracts42
Avg IV0.54
Put-call0.34
Expiry19 Mar 2027
Contracts7
Avg IV0.52
Put-call1.75

Skew

Call/put IV balance

OTM demand
21 Aug 2026Put IV premium
Call IV0.45
Put IV0.56
Skew0.11
18 Sep 2026Balanced skew
Call IV0.52
Put IV0.51
Skew-0.01
20 Nov 2026Call IV premium
Call IV0.55
Put IV0.48
Skew-0.07
18 Dec 2026Balanced skew
Call IV0.52
Put IV0.48
Skew-0.04
19 Mar 2027Balanced skew
Call IV0.49
Put IV0.50
Skew0.00

Contract Tape

Most active contracts

Full contract tape
ContractCMC260821P00047500
SidePut
Expiry21 Aug 2026
Strike47.50
Volume-
OI225
IV0.86
ContractCMC261120C00085000
SideCall
Expiry20 Nov 2026
Strike85.00
Volume-
OI10
IV0.58
ContractCMC261120P00057500
SidePut
Expiry20 Nov 2026
Strike57.50
Volume-
OI6
IV0.56
ContractCMC261218P00042500
SidePut
Expiry18 Dec 2026
Strike42.50
Volume-
OI5
IV0.62
ContractCMC270319C00045000
SideCall
Expiry19 Mar 2027
Strike45.00
Volume-
OI5
IV0.53
ContractCMC260821C00082500
SideCall
Expiry21 Aug 2026
Strike82.50
Volume-
OI4
IV0.60
ContractCMC261218P00045000
SidePut
Expiry18 Dec 2026
Strike45.00
Volume-
OI2
IV0.55
ContractCMC261218C00092500
SideCall
Expiry18 Dec 2026
Strike92.50
Volume-
OI1
IV0.55

Research Graph

Related research and context

Ticker deep links

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