Ticker Options Intelligence

FRME options intelligence

First Merchants Corporation options pressure, expected move, strike concentration, and Sharemaestro trend context.

Conviction 54 Market data through 29 Jul 2026 Checked 30 Jul 2026 00:34 · complete available chain

Volatility expansion watch

Volatility pressure

FRME currently carries volatility options pressure with a 54/100 conviction score. The nearest-chain expected move is 32.6%, with volume/open-interest participation at 0.28.

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

Volatility expansion watch

Expected move 32.6%

Wider near-term move priced

Activity / OI 0.28

Current volume is quieter versus prior open interest

Put-call 0.00

Call-side skew

Trend fit 0

Options are not fully confirming trend

Weekly backdrop -3.2%

RS 2.4

Expected move 32.6%
Put-call volume -
Volume / OI 0.28
Reference IV 1.30
Max pain 45.00
Underlying 43.18
Nearest expiry 21 Aug 2026
Contracts 5

Options Intent Radar

Volatility expansion bet

92/100
Primary intent Volatility expansion bet

The strongest message is movement risk: expected move and implied volatility are carrying more signal than direction.

Flow vs price divergence Volatility flow versus price

Options are pricing movement more than direction; compare expected move with the stock's actual weekly change.

Why this matters

Volatility expansion bet matters because it connects the options headline to the actual evidence: $230 of estimated gross traded notional, calls · 46-90 days · otm, and a volatility flow versus price backdrop. Use it as a research priority signal, then validate the chart, liquidity, event calendar, and risk before acting.

Options pressure+100
1W price-3.2%
Call premium100%
Put premium0%
Notional split C 100% / P 0% Estimated gross traded notional uses volume × contract multiplier × midpoint, or last price when no valid midpoint is available.
Freshness 0.28 Volume divided by open interest across the visible chain.
Trend fit 0/100 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.
Conviction clusters Calls · 46-90 days · OTM
Calls · 46-90 days · OTM calls cluster with 5 contracts traded, $230 estimated gross traded notional, and 100% of visible notional.
$230

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.

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
Close43.18
1W-3.2%
RS2.4
Fair value+22.5%
Options pressure100
Speculation10
Volatility96
Trend fit0

Today Versus Normal

Stored-options context

View history
Expected move 32.6% elevated
30d avg 4.5% · 1 read 100th
90d avg 4.5% · 1 read 100th
180d avg 4.5% · 1 read 100th
IV 1.30 elevated
30d avg 0.18 · 1 read 100th
90d avg 0.18 · 1 read 100th
180d avg 0.18 · 1 read 100th
Put-call 0.00 normal building
30d avg - · 0 reads -
90d avg - · 0 reads -
180d avg - · 0 reads -
Volume/OI 0.28 elevated
30d avg 0.00 · 1 read 100th
90d avg 0.00 · 1 read 100th
180d avg 0.00 · 1 read 100th

Pressure Trail

Recent pressure and volatility

Open trail
29 Jul 10:57 Mixed
Pressure 7
Move 4.5%
29 Jul 23:34 Volatility
Pressure 100
Move 32.6%

Strike Map

Where activity is clustering

Full strike map
Strike45.00
Calls · V 0 · OI 1
Puts · V 0 · OI 0

Term Structure

Expiration activity

Volume and IV
Expiry21 Aug 2026
Contracts1
Avg IV1.30
Put-call-
Expiry18 Sep 2026
Contracts2
Avg IV1.02
Put-call-
Expiry18 Dec 2026
Contracts2
Avg IV0.23
Put-call-

Skew

Call/put IV balance

OTM demand
21 Aug 2026Incomplete skew
Call IV1.30
Put IV-
Skew-
18 Sep 2026Incomplete skew
Call IV0.88
Put IV-
Skew-
18 Dec 2026Incomplete skew
Call IV-
Put IV-
Skew-

Contract Tape

Most active contracts

Full contract tape
ContractFRME260918P00045000
SidePut
Expiry18 Sep 2026
Strike45.00
Volume-
OI4
IV1.15
ContractFRME260821C00045000
SideCall
Expiry21 Aug 2026
Strike45.00
Volume-
OI1
IV1.30
ContractFRME261218C00025000
SideCall
Expiry18 Dec 2026
Strike25.00
Volume-
OI1
IV0.00
ContractFRME261218P00045000
SidePut
Expiry18 Dec 2026
Strike45.00
Volume-
OI1
IV0.46
ContractFRME260918C00045000
SideCall
Expiry18 Sep 2026
Strike45.00
Volume5
OI11
IV0.88