Primary read
Bearish
Put-side pressure
Ticker Options Intelligence
EME options intelligence
EMCOR Group Inc options pressure, expected move, strike concentration, and Sharemaestro trend context.
Conviction
56
Market data through 31 Jul 2026
Checked 1 Aug 2026 09:00 · complete available chain
Put-side pressure
Bearish pressure
EME currently carries bearish options pressure with a 56/100 conviction score. The nearest-chain expected move is 11.1%, with volume/open-interest participation at 0.08.
Expected move
11.1%
Wider near-term move priced
Activity / OI
0.08
Current volume is quieter versus prior open interest
Put-call
2.31
Put-side skew
Trend fit
96
Options agree with trend context
Weekly backdrop
+0.1%
RS -3.6
Expected move
11.1%
Put-call volume
2.31
Volume / OI
0.08
Reference IV
0.45
Max pain
800.00
Underlying
744.85
Nearest expiry
21 Aug 2026
Contracts
676
Research Brief
EME 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 662.20–827.50; The largest call open-interest concentration is 830.00; the largest put concentration is 890.00. The most active strike by current volume is 680.00.
Priced range662.20–827.50
Call concentration830.00
Put concentration890.00
Max pain reference800.00
- Price remains weak while put-side concentration persists.
- The current chain read already agrees with the stored weekly trend context.
- Price recovers while put pressure fades or reverses toward calls.
Priced Move
Where the chain says movement becomes exceptional
Options imply 662.20 to 827.50. Max pain at 800.00 sits inside that range, 7.4% above spot.
Spot
Max pain
662.20744.85 ± 82.65827.50
Confirmation level
A close beyond 827.50 or below 662.20 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
Pressure is 34/100 toward puts; conviction uses its strength, while the signal label carries its direction.
Directional pressure34 × 42%
+14.1
How strongly activity leans toward calls or puts.
Participation42 × 22%
+9.2
Volume relative to existing open interest and contract-level activity.
Trend agreement96 × 26%
+25.1
How closely the chain read agrees with the underlying trend backdrop.
Volatility72 × 10%
+7.2
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 830.00; the largest put concentration is 890.00. The most active strike by current volume is 680.00. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.
Put open interestStrikeCall open interest
32
560.00-24.8%
0
67
630.00-15.4%
0
24
640.00-14.1%
0
37
660.00-11.4%
1
34
680.00-8.7%
2
12
690.00-7.4%
46
47
700.00-6.0%
17
6
760.002.0%
28
23
770.003.4%
4
17
800.007.4%
30
2
810.008.7%
10
67
820.0010.1%
4
1
830.0011.4%
90
4
850.0014.1%
43
0
860.0015.5%
41
69
890.0019.5%
25
0
900.0020.8%
86
Nearest spot strike Max pain strikeBars show relative OI within this expiry
Volatility Curve
Balanced volatility curve
Near- and longer-dated implied volatility are broadly aligned; no exceptional front-expiry premium is visible.
0.45
21 Aug
21d
0.45
18 Sep
49d
0.45
16 Oct
77d
0.47
18 Dec
140d
0.46
15 Jan
168d
Volatility by Strike
Balanced wings
Comparable upside calls and downside puts carry broadly similar implied volatility.
600
610
630
640
660
670
690
700
720
730
740
760
770
790
800
820
830
850
860
880
890
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
- 676 / 676
- 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.
Put-side pressure is present before a decisive weekly price breakdown.
Put-heavy activity matters because it connects the options headline to the actual evidence: $1.7M of estimated gross traded notional, puts · 46-90 days · atm, 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-34
1W price+0.1%
Call premium43%
Put premium57%
Notional split
C 43% / P 57%
Estimated gross traded notional uses volume × contract multiplier × midpoint, or last price when no valid midpoint is available.
Freshness
0.08
Volume divided by open interest across the visible chain.
Trend fit
96/100
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 · 46-90 days · ATM
puts cluster with 149 contracts traded, $497605 estimated gross traded notional, and 30% of visible notional.
$497605
Calls · 46-90 days · ATM
calls cluster with 31 contracts traded, $253425 estimated gross traded notional, and 15% of visible notional.
$253425
Puts · 46-90 days · ITM
puts cluster with 12 contracts traded, $191970 estimated gross traded notional, and 11% of visible notional.
$191970
Calls · 8-21 days · OTM
calls cluster with 62 contracts traded, $169874 estimated gross traded notional, and 10% of visible notional.
$169874
Calls · 91+ days · ITM
calls cluster with 11 contracts traded, $167035 estimated gross traded notional, and 10% of visible notional.
$167035
Setup Classification
Opportunity and risk frame
Positioning agrees with the Sharemaestro trend backdrop.
The tape is pricing or displaying unusually elevated activity.
Expected move or upcoming earnings makes the setup more event-sensitive.
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
Close744.85
1W+0.1%
RS-3.6
Fair value+54.8%
Options pressure-34
Speculation42
Volatility72
Trend fit96
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 10:12
Mixed
Pressure 7
Move 12.1%
30 Jul 10:07
Mixed
Pressure 2
Move 13.4%
31 Jul 02:04
Mixed
Pressure -1
Move 11.9%
1 Aug 08:00
Bearish
Pressure -34
Move 11.1%
Strike Map
Where activity is clustering
Strike520.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike530.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike540.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike550.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike560.00
Calls · V 0 · OI 0
Puts · V 0 · OI 32
Strike570.00
Calls · V 0 · OI 0
Puts · V 1 · OI 17
Strike580.00
Calls · V 0 · OI 0
Puts · V 0 · OI 20
Strike590.00
Calls · V 0 · OI 0
Puts · V 0 · OI 2
Term Structure
Expiration activity
Expiry21 Aug 2026
Contracts116
Avg IV0.45
Put-call1.95
Expiry18 Sep 2026
Contracts110
Avg IV0.45
Put-call2.38
Expiry16 Oct 2026
Contracts142
Avg IV0.45
Put-call19.00
Expiry18 Dec 2026
Contracts164
Avg IV0.47
Put-call4.00
Expiry15 Jan 2027
Contracts144
Avg IV0.46
Put-call0.32
Skew
Call/put IV balance
21 Aug 2026Balanced skew
Call IV0.44
Put IV0.44
Skew-
18 Sep 2026Balanced skew
Call IV0.43
Put IV0.45
Skew0.02
16 Oct 2026Balanced skew
Call IV0.42
Put IV0.45
Skew0.03
18 Dec 2026Balanced skew
Call IV0.43
Put IV0.46
Skew0.03
15 Jan 2027Balanced skew
Call IV0.43
Put IV0.45
Skew0.02
Contract Tape
Most active contracts
ContractEME260918P00750000
SidePut
Expiry18 Sep 2026
Strike750.00
Volume97
OI2
IV0.44
ContractEME260821P00680000
SidePut
Expiry21 Aug 2026
Strike680.00
Volume55
OI34
IV0.53
ContractEME261016P00760000
SidePut
Expiry16 Oct 2026
Strike760.00
Volume49
OI60
IV0.44
ContractEME260918C00750000
SideCall
Expiry18 Sep 2026
Strike750.00
Volume31
OI-
IV0.46
ContractEME260821C00900000
SideCall
Expiry21 Aug 2026
Strike900.00
Volume20
OI86
IV0.44
ContractEME260821P00660000
SidePut
Expiry21 Aug 2026
Strike660.00
Volume20
OI37
IV0.57
ContractEME260821P00810000
SidePut
Expiry21 Aug 2026
Strike810.00
Volume20
OI2
IV0.43
ContractEME260821C00770000
SideCall
Expiry21 Aug 2026
Strike770.00
Volume18
OI4
IV0.46
Research Graph
Related research and context
Sharemaestro research
Related News
Market Watch
No recent market-watch posts yet.
Earnings
No upcoming matched earnings event.
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.