Primary read
Mixed
Options-market disagreement
Ticker Options Intelligence
AMX options intelligence
America Movil SAB de CV ADR options pressure, expected move, strike concentration, and Sharemaestro trend context.
Conviction
40
Market data through 31 Jul 2026
Checked 1 Aug 2026 18:42 · complete available chain
Options-market disagreement
Mixed pressure
AMX currently carries mixed options pressure with a 40/100 conviction score. The nearest-chain expected move is 4.3%, with volume/open-interest participation at 0.04.
Expected move
4.3%
Near-term move context
Activity / OI
0.04
Current volume is quieter versus prior open interest
Put-call
1.29
Put-side skew
Trend fit
98
Options agree with trend context
Weekly backdrop
-2.5%
RS 0.7
Expected move
4.3%
Put-call volume
1.29
Volume / OI
0.04
Reference IV
0.22
Max pain
26.00
Underlying
25.35
Nearest expiry
21 Aug 2026
Contracts
158
Research Brief
AMX has a mixed chain read with 40/100 evidence alignment.
The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 24.25–26.45; The largest call open-interest concentration is 27.00; the largest put concentration is 26.00. The most active strike by current volume is 15.00.
Priced range24.25–26.45
Call concentration27.00
Put concentration26.00
Max pain reference26.00
- 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.
Priced Move
Where the chain says movement becomes exceptional
Options imply 24.25 to 26.45. Max pain at 26.00 sits inside that range, 2.6% above spot.
Spot
Max pain
24.2525.35 ± 1.1026.45
Confirmation level
A close beyond 26.45 or below 24.25 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 40/100
Pressure is 7/100 toward puts; conviction uses its strength, while the signal label carries its direction.
Directional pressure7 × 42%
+2.8
How strongly activity leans toward calls or puts.
Participation41 × 22%
+9.0
Volume relative to existing open interest and contract-level activity.
Trend agreement98 × 26%
+25.4
How closely the chain read agrees with the underlying trend backdrop.
Volatility33 × 10%
+3.3
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 27.00; the largest put concentration is 26.00. The most active strike by current volume is 15.00. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.
Put open interestStrikeCall open interest
1
13.00-48.7%
0
0
15.00-40.8%
0
103
18.00-29.0%
0
1
22.00-13.2%
3
33
23.00-9.3%
14
91
24.00-5.3%
30
41
25.00-1.4%
15
111
26.002.6%
89
3
27.006.5%
375
4
28.0010.5%
31
5
29.0014.4%
5
0
30.0018.3%
16
0
31.0022.3%
0
0
32.0026.2%
1
0
33.0030.2%
1
0
34.0034.1%
2
0
35.0038.1%
2
Nearest spot strike Max pain strikeBars show relative OI within this expiry
Volatility Curve
Back-loaded volatility
Longer-dated options carry more implied volatility than the front expiry, so risk is priced farther out.
0.22
21 Aug
21d
0.30
18 Sep
49d
0.31
20 Nov
112d
0.30
19 Feb
203d
Volatility by Strike
Balanced wings
Comparable upside calls and downside puts carry broadly similar implied volatility.
21
22
23
24
25
26
27
28
29
30
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
- 158 / 158
- 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
Put-heavy activity
Put-side activity dominates. This can reflect hedging or directional positioning, but the chain alone cannot distinguish buying from selling.
The options read is mixed, so divergence is not strong enough to classify.
Put-heavy activity matters because it connects the options headline to the actual evidence: $7400 of estimated gross traded notional, puts · 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-7
1W price-2.5%
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
0.04
Volume divided by open interest across the visible chain.
Trend fit
98/100
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.
Puts · 91+ days · ATM
puts cluster with 28 contracts traded, $4130 estimated gross traded notional, and 56% of visible notional.
$4130
Calls · 46-90 days · OTM
calls cluster with 18 contracts traded, $1485 estimated gross traded notional, and 20% of visible notional.
$1485
Puts · 8-21 days · ITM
puts cluster with 2 contracts traded, $1100 estimated gross traded notional, and 15% of visible notional.
$1100
Calls · 91+ days · OTM
calls cluster with 5 contracts traded, $662 estimated gross traded notional, and 9% of visible notional.
$662
Puts · 8-21 days · OTM
puts cluster with 1 contracts traded, $20 estimated gross traded notional, and 0% of visible notional.
$20
Setup Classification
Opportunity and risk frame
Positioning agrees with the Sharemaestro trend backdrop.
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
Close25.35
1W-2.5%
RS0.7
Fair value+36.6%
Options pressure-7
Speculation41
Volatility33
Trend fit98
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 10:04
Bullish
Pressure 74
Move 4.6%
30 Jul 10:03
Bearish
Pressure -49
Move 8.8%
30 Jul 15:30
Mixed
Pressure 16
Move 5.4%
30 Jul 15:50
Mixed
Pressure 16
Move 4.8%
30 Jul 19:53
Mixed
Pressure 16
Move 5.2%
30 Jul 22:52
Mixed
Pressure 16
Move 5.1%
31 Jul 05:16
Bullish
Pressure 100
Move 5.1%
31 Jul 13:53
Mixed
Pressure 16
Move 4.6%
Strike Map
Where activity is clustering
Strike13.00
Calls · V 0 · OI 0
Puts · V 0 · OI 1
Strike14.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike15.00
Calls · V 0 · OI 0
Puts · V 1 · OI 0
Strike16.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike17.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike18.00
Calls · V 0 · OI 0
Puts · V 0 · OI 103
Strike19.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike20.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Term Structure
Expiration activity
Expiry21 Aug 2026
Contracts46
Avg IV0.22
Put-call3.00
Expiry18 Sep 2026
Contracts34
Avg IV0.30
Put-call-
Expiry20 Nov 2026
Contracts42
Avg IV0.31
Put-call5.60
Expiry19 Feb 2027
Contracts36
Avg IV0.30
Put-call-
Skew
Call/put IV balance
21 Aug 2026Balanced skew
Call IV0.25
Put IV0.22
Skew-0.03
18 Sep 2026Balanced skew
Call IV0.26
Put IV0.24
Skew-0.02
20 Nov 2026Balanced skew
Call IV0.25
Put IV0.30
Skew0.05
19 Feb 2027Put IV premium
Call IV0.27
Put IV0.40
Skew0.13
Contract Tape
Most active contracts
ContractAMX261120P00025000
SidePut
Expiry20 Nov 2026
Strike25.00
Volume28
OI10
IV0.32
ContractAMX260918C00026000
SideCall
Expiry18 Sep 2026
Strike26.00
Volume18
OI1
IV0.29
ContractAMX261120C00026000
SideCall
Expiry20 Nov 2026
Strike26.00
Volume3
OI58
IV0.30
ContractAMX261120C00027000
SideCall
Expiry20 Nov 2026
Strike27.00
Volume2
OI126
IV0.28
ContractAMX260821C00033000
SideCall
Expiry21 Aug 2026
Strike33.00
Volume1
OI1
IV0.46
ContractAMX260821P00015000
SidePut
Expiry21 Aug 2026
Strike15.00
Volume1
OI-
IV0.90
ContractAMX260821P00030000
SidePut
Expiry21 Aug 2026
Strike30.00
Volume1
OI-
IV0.58
ContractAMX260821P00031000
SidePut
Expiry21 Aug 2026
Strike31.00
Volume1
OI-
IV0.92
Research Graph
Related research and context
Sharemaestro research
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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.