Primary read
Volatility
Volatility expansion watch
Ticker Options Intelligence
HMY options intelligence
Harmony Gold Mining Company Limited options pressure, expected move, strike concentration, and Sharemaestro trend context.
Conviction
53
Market data through 29 Jul 2026
Checked 30 Jul 2026 02:49 · complete available chain
Volatility expansion watch
Volatility pressure
HMY currently carries volatility options pressure with a 53/100 conviction score. The nearest-chain expected move is 9.3%, with volume/open-interest participation at 0.02.
Expected move
9.3%
Wider near-term move priced
Activity / OI
0.02
Current volume is quieter versus prior open interest
Put-call
0.11
Call-side skew
Trend fit
0
Options are not fully confirming trend
Weekly backdrop
+8.3%
RS -15.2
Expected move
9.3%
Put-call volume
0.11
Volume / OI
0.02
Reference IV
0.52
Max pain
15.00
Underlying
15.87
Nearest expiry
21 Aug 2026
Contracts
346
Options Intent Radar
Volatility expansion bet
The strongest message is movement risk: expected move and implied volatility are carrying more signal than direction.
Options are pricing movement more than direction; compare expected move with the stock's actual weekly change.
Volatility expansion bet matters because it connects the options headline to the actual evidence: $127274 of estimated gross traded notional, calls · 22-45 days · itm, 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+87
1W price+8.3%
Call premium94%
Put premium6%
Notional split
C 94% / P 6%
Estimated gross traded notional uses volume × contract multiplier × midpoint, or last price when no valid midpoint is available.
Freshness
0.02
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.
Calls · 22-45 days · ITM
calls cluster with 481 contracts traded, $93768 estimated gross traded notional, and 74% of visible notional.
$93768
Calls · 22-45 days · ATM
calls cluster with 215 contracts traded, $16125 estimated gross traded notional, and 13% of visible notional.
$16125
Puts · 91+ days · OTM
puts cluster with 100 contracts traded, $7000 estimated gross traded notional, and 5% of visible notional.
$7000
Calls · 22-45 days · OTM
calls cluster with 194 contracts traded, $4956 estimated gross traded notional, and 4% of visible notional.
$4956
Calls · 91+ days · OTM
calls cluster with 57 contracts traded, $2386 estimated gross traded notional, and 2% of visible notional.
$2386
Setup Classification
Opportunity and risk frame
The tape is pricing or displaying unusually elevated activity.
Expected move or upcoming earnings makes the setup more event-sensitive.
Options positioning is not confirming the underlying trend context.
Activity Anomaly
Above normal
Activity is running above the recent historical baseline.
Volume rank100th
Volume/OI rank100th
IV rank0th
Market Context
Underlying confirmation
Close15.87
1W+8.3%
RS-15.2
Fair value+35.7%
Options pressure87
Speculation40
Volatility74
Trend fit0
Today Versus Normal
Stored-options context
30d avg 14.3% · 1 read
0th
90d avg 14.3% · 1 read
0th
180d avg 14.3% · 1 read
0th
30d avg 0.56 · 1 read
0th
90d avg 0.56 · 1 read
0th
180d avg 0.56 · 1 read
0th
30d avg 0.07 · 1 read
100th
90d avg 0.07 · 1 read
100th
180d avg 0.07 · 1 read
100th
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
29 Jul 10:26
Volatility
Pressure 94
Move 14.3%
30 Jul 01:49
Volatility
Pressure 87
Move 9.3%
Strike Map
Where activity is clustering
Strike1.00
Calls · V 0 · OI 110
Puts · V 0 · OI 0
Strike2.00
Calls · V 0 · OI 569
Puts · V 0 · OI 0
Strike3.00
Calls · V 0 · OI 489
Puts · V 0 · OI 0
Strike4.00
Calls · V 0 · OI 376
Puts · V 0 · OI 0
Strike5.00
Calls · V 0 · OI 252
Puts · V 0 · OI 50
Strike6.00
Calls · V 0 · OI 209
Puts · V 0 · OI 19
Strike7.00
Calls · V 0 · OI 59
Puts · V 0 · OI 0
Strike8.00
Calls · V 0 · OI 97
Puts · V 0 · OI 0
Term Structure
Expiration activity
Expiry21 Aug 2026
Contracts68
Avg IV0.52
Put-call0.01
Expiry18 Sep 2026
Contracts34
Avg IV0.60
Put-call0.19
Expiry20 Nov 2026
Contracts56
Avg IV0.63
Put-call-
Expiry15 Jan 2027
Contracts68
Avg IV0.58
Put-call-
Expiry19 Feb 2027
Contracts38
Avg IV0.60
Put-call-
Skew
Call/put IV balance
21 Aug 2026Balanced skew
Call IV0.53
Put IV0.57
Skew0.04
18 Sep 2026Put IV premium
Call IV0.54
Put IV0.74
Skew0.20
20 Nov 2026Put IV premium
Call IV0.61
Put IV0.75
Skew0.14
15 Jan 2027Balanced skew
Call IV0.65
Put IV0.63
Skew-0.02
19 Feb 2027Put IV premium
Call IV0.52
Put IV0.68
Skew0.16
Contract Tape
Most active contracts
ContractHMY260821C00015000
SideCall
Expiry21 Aug 2026
Strike15.00
Volume279
OI2115
IV0.60
ContractHMY260821C00016000
SideCall
Expiry21 Aug 2026
Strike16.00
Volume215
OI1237
IV0.60
ContractHMY260821C00013000
SideCall
Expiry21 Aug 2026
Strike13.00
Volume202
OI282
IV0.90
ContractHMY260821C00017000
SideCall
Expiry21 Aug 2026
Strike17.00
Volume114
OI2178
IV0.53
ContractHMY270219P00011000
SidePut
Expiry19 Feb 2027
Strike11.00
Volume100
OI2
IV0.61
ContractHMY260821C00018000
SideCall
Expiry21 Aug 2026
Strike18.00
Volume48
OI804
IV0.54
ContractHMY260821C00019000
SideCall
Expiry21 Aug 2026
Strike19.00
Volume31
OI845
IV0.38
ContractHMY260918C00023000
SideCall
Expiry18 Sep 2026
Strike23.00
Volume9
OI2
IV0.72
Research Graph
Related research and context
Sharemaestro research
Related News
No recent ticker-specific news yet.
Market Watch
No recent market-watch posts yet.
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.