Ticker Options Intelligence

NRP options intelligence

Natural Resource Partners LP options pressure, expected move, strike concentration, and Sharemaestro trend context.

Conviction 56 Market data through 31 Jul 2026 Checked 1 Aug 2026 15:58 · complete available chain

Put-side pressure

Bearish pressure

NRP currently carries bearish options pressure with a 56/100 conviction score. The nearest-chain expected move is 7.3%, with volume/open-interest participation at 0.00.

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

Put-side pressure

Expected move 7.3%

Wider near-term move priced

Activity / OI 0.00

Current volume is quieter versus prior open interest

Put-call 7.00

Put-side skew

Trend fit 52

Options are not fully confirming trend

Weekly backdrop +0.1%

RS -16.0

Expected move 7.3%
Put-call volume 7.00
Volume / OI 0.00
Reference IV 0.27
Max pain 100.00
Underlying 98.06
Nearest expiry 21 Aug 2026
Contracts 226

Research Brief

NRP has a bearish chain read with 56/100 evidence alignment.

The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 90.86–105.26; The largest call open-interest concentration is 110.00; the largest put concentration is 95.00. The most active strike by current volume is 90.00.

Priced range90.86–105.26
Call concentration110.00
Put concentration95.00
Max pain reference100.00
What would confirm it
  • Price remains weak while put-side concentration persists.
What would weaken it
  • Price recovers while put pressure fades or reverses toward calls.
  • Options and the weekly trend are not yet giving the same message.

Priced Move

Where the chain says movement becomes exceptional

Size, not direction · through 21 Aug

Options imply 90.86 to 105.26. Max pain at 100.00 sits inside that range, 2.0% above spot.

Spot Max pain
90.8698.06 ± 7.20105.26
Confirmation level

A close beyond 105.26 or below 90.86 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 56/100

Evidence alignment, not probability

Pressure is 87/100 toward puts; conviction uses its strength, while the signal label carries its direction.

Directional pressure87 × 42%
+36.5

How strongly activity leans toward calls or puts.

Participation3 × 22%
+0.7

Volume relative to existing open interest and contract-level activity.

Trend agreement52 × 26%
+13.5

How closely the chain read agrees with the underlying trend backdrop.

Volatility49 × 10%
+4.9

The intensity of implied volatility and the priced move.

Reconstructed score55.7Matches stored calculation

Positioning by Strike

Where open interest and current activity concentrate

Full strike map

The largest call open-interest concentration is 110.00; the largest put concentration is 95.00. The most active strike by current volume is 90.00. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.

Put open interestStrikeCall open interest
0
55.00-43.9%
0
0
60.00-38.8%
0
0
65.00-33.7%
0
0
70.00-28.6%
2
0
75.00-23.5%
1
0
80.00-18.4%
0
3
85.00-13.3%
2
12
90.00-8.2%
1
32
95.00-3.1%
0
9
100.002.0%
11
4
105.007.1%
8
0
110.0012.2%
21
1
115.0017.3%
1
0
120.0022.4%
1
0
125.0027.5%
0
0
130.0032.6%
0
1
145.0047.9%
0
Nearest spot strike Max pain strikeBars show relative OI within this expiry

Volatility Curve

Back-loaded volatility

0.83× front/back

Longer-dated options carry more implied volatility than the front expiry, so risk is priced farther out.

0.27 21 Aug 21d
0.34 18 Sep 49d
0.34 16 Oct 77d
0.36 18 Dec 140d
0.33 15 Jan 168d

Volatility by Strike

Balanced wings

Nearest expiry, within 20% of spot

Comparable upside calls and downside puts carry broadly similar implied volatility.

80
85
90
95
100
105
110
115
Put IV Call IV

Historical Replay

How matured reads behaved through expiry

0 directional observations

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

A100/100
Retained chain100%
Implied volatility100%
Two-sided quotes100%
Open interest100%
Chain status
Complete available chain
Market date
31 Jul 2026
Calculation
v2.0
Contracts
226 / 226
  • 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

81/100
Primary intent Earnings/event positioning

Options activity is concentrated around a live event window, so the cleanest read is event positioning rather than pure direction.

Flow vs price divergence Bearish flow before price confirmation

Put-side pressure is present before a decisive weekly price breakdown.

Why this matters

Earnings/event positioning matters because it connects the options headline to the actual evidence: $1700 of estimated gross traded notional, puts · 8-21 days · otm, and a bearish flow before price confirmation backdrop. Use it as a research priority signal, then validate the chart, liquidity, event calendar, and risk before acting.

Options pressure-87
1W price+0.1%
Call premium29%
Put premium71%
Notional split C 29% / P 71% Estimated gross traded notional uses volume × contract multiplier × midpoint, or last price when no valid midpoint is available.
Freshness 0.00 Volume divided by open interest across the visible chain.
Trend fit 52/100 Agreement between options pressure and Sharemaestro market context.
Event window 5 Aug Matched earnings event is 3 days away.
Aggregate chain data does not identify trade aggressor or opening versus closing activity; call/put concentration is not proof of market direction.
Conviction clusters Puts · 8-21 days · OTM
Puts · 8-21 days · OTM puts cluster with 5 contracts traded, $525 estimated gross traded notional, and 31% of visible notional.
$525
Calls · 46-90 days · ATM calls cluster with 1 contracts traded, $495 estimated gross traded notional, and 29% of visible notional.
$495
Puts · 8-21 days · ATM puts cluster with 1 contracts traded, $465 estimated gross traded notional, and 27% of visible notional.
$465
Puts · 91+ days · OTM puts cluster with 1 contracts traded, $215 estimated gross traded notional, and 13% of visible notional.
$215

Setup Classification

Opportunity and risk frame

Context, not advice
Warning Event-risk setup

Expected move or upcoming earnings makes the setup more event-sensitive.

Warning Crowded strike risk

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

Sharemaestro weekly
Close98.06
1W+0.1%
RS-16.0
Fair value+5.5%
Options pressure-87
Speculation3
Volatility49
Trend fit52

Today Versus Normal

Stored-options context

View history
Expected move 7.3% history building
30d avg - · 3/10 sessions -
90d avg - · 3/30 sessions -
180d avg - · 3/60 sessions -
IV 0.27 history building
30d avg - · 3/10 sessions -
90d avg - · 3/30 sessions -
180d avg - · 3/60 sessions -
Put-call 7.00 history building
30d avg - · 2/10 sessions -
90d avg - · 2/30 sessions -
180d avg - · 2/60 sessions -
Volume/OI 0.00 history building
30d avg - · 3/10 sessions -
90d avg - · 3/30 sessions -
180d avg - · 3/60 sessions -

Pressure Trail

Recent pressure and volatility

Open trail
29 Jul 11:08 Bullish
Pressure 59
Move 6.7%
30 Jul 10:55 Mixed
Pressure 2
Move 5.7%
31 Jul 12:56 Bearish
Pressure -100
Move 6.0%
1 Aug 14:58 Bearish
Pressure -87
Move 7.3%

Strike Map

Where activity is clustering

Full strike map
Strike55.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike60.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike65.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike70.00
Calls · V 0 · OI 2
Puts · V 0 · OI 0
Strike75.00
Calls · V 0 · OI 1
Puts · V 0 · OI 0
Strike80.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike85.00
Calls · V 0 · OI 2
Puts · V 0 · OI 3
Strike90.00
Calls · V 0 · OI 1
Puts · V 5 · OI 12

Term Structure

Expiration activity

Volume and IV
Expiry21 Aug 2026
Contracts40
Avg IV0.27
Put-call-
Expiry18 Sep 2026
Contracts38
Avg IV0.34
Put-call-
Expiry16 Oct 2026
Contracts50
Avg IV0.34
Put-call-
Expiry18 Dec 2026
Contracts50
Avg IV0.36
Put-call-
Expiry15 Jan 2027
Contracts48
Avg IV0.33
Put-call-

Skew

Call/put IV balance

OTM demand
21 Aug 2026Call IV premium
Call IV0.36
Put IV0.06
Skew-0.29
18 Sep 2026Balanced skew
Call IV0.33
Put IV0.38
Skew0.05
16 Oct 2026Put IV premium
Call IV0.29
Put IV0.38
Skew0.09
18 Dec 2026Put IV premium
Call IV0.28
Put IV0.39
Skew0.11
15 Jan 2027Put IV premium
Call IV0.29
Put IV0.40
Skew0.11

Contract Tape

Most active contracts

Full contract tape
ContractNRP260821P00090000
SidePut
Expiry21 Aug 2026
Strike90.00
Volume5
OI12
IV0.15
ContractNRP261218P00075000
SidePut
Expiry18 Dec 2026
Strike75.00
Volume1
OI14
IV0.46
ContractNRP260821P00100000
SidePut
Expiry21 Aug 2026
Strike100.00
Volume1
OI9
IV0.40
ContractNRP261016C00100000
SideCall
Expiry16 Oct 2026
Strike100.00
Volume1
OI4
IV0.31
ContractNRP261218P00080000
SidePut
Expiry18 Dec 2026
Strike80.00
Volume-
OI2150
IV0.41
ContractNRP261218P00090000
SidePut
Expiry18 Dec 2026
Strike90.00
Volume-
OI1775
IV0.41
ContractNRP261218P00085000
SidePut
Expiry18 Dec 2026
Strike85.00
Volume-
OI582
IV0.39
ContractNRP261218P00100000
SidePut
Expiry18 Dec 2026
Strike100.00
Volume-
OI320
IV0.39