Ticker Options Intelligence

MTLS options intelligence

Materialise NV options pressure, expected move, strike concentration, and Sharemaestro trend context.

Conviction 35 Market data through 12 Aug 2026 Checked 13 Aug 2026 14:01 · complete available chain

Options-market disagreement

Mixed pressure

MTLS currently carries mixed options pressure with a 35/100 conviction score. The nearest-chain expected move is 10.9%, 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 Mixed

Options-market disagreement

Expected move 10.9%

Wider near-term move priced

Activity / OI 0.00

Current volume is quieter versus prior open interest

Put-call -

Balanced tape

Trend fit 87

Options agree with trend context

Weekly backdrop +7.9%

RS 4.0

Expected move 10.9%
Put-call volume -
Volume / OI -
Reference IV 1.26
Max pain 5.00
Underlying 6.85
Nearest expiry 21 Aug 2026
Contracts 36

Research Brief

MTLS has a mixed chain read with 35/100 evidence alignment.

The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 6.10–7.60; The largest call open-interest concentration is 7.50; the largest put concentration is 5.00. The most active strike by current volume is 2.50.

Priced range6.10–7.60
Call concentration7.50
Put concentration5.00
Max pain reference5.00
What would confirm it
  • A clear directional pressure reading develops and price begins to agree.
  • The current chain read already agrees with the stored weekly trend context.
What would weaken it
  • Volatility falls and the chain remains directionally mixed.
  • Front-expiry volatility is rich, so the signal may be event-driven and vulnerable to volatility compression.

Priced Move

Where the chain says movement becomes exceptional

Size, not direction · through 21 Aug

Options imply 6.10 to 7.60. Max pain at 5.00 lies outside the priced range, so it is a weak near-term anchor.

Spot Max pain
6.106.85 ± 0.757.60
Confirmation level

A close beyond 7.60 or below 6.10 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 35/100

Evidence alignment, not probability

Pressure is 6/100 toward calls; conviction uses its strength, while the signal label carries its direction.

Directional pressure6 × 42%
+2.5

How strongly activity leans toward calls or puts.

Participation0 × 22%
+0.0

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

Trend agreement87 × 26%
+22.6

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

Volatility96 × 10%
+9.6

The intensity of implied volatility and the priced move.

Reconstructed score34.7Matches stored calculation

Positioning by Strike

Where open interest and current activity concentrate

Full strike map

The largest call open-interest concentration is 7.50; the largest put concentration is 5.00. The most active strike by current volume is 2.50. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.

Put open interestStrikeCall open interest
0
2.50-63.5%
16
1744
5.00-27.0%
291
1
7.509.5%
1266
0
10.0046.0%
143
Nearest spot strike Max pain strikeBars show relative OI within this expiry

Gamma Profile by Strike

Positive gamma proxy

Reported Greeks · 89% coverage

Call-side gamma sensitivity outweighs the put-side proxy across the retained chain. The largest bars mark levels where delta-hedging sensitivity may be most concentrated.

Net profile+$32,408Delta change / 1% move
Positive peak7.50+$35,819
Negative peak5.00-$3,989
Nearest balance5.25Interpolated sign change
StrikeNegativePositiveNet / 1% move
2.50-63.5%
+$14
5.00-27.0%
-$3,989
7.509.5%
+$35,819
10.0046.0%
+$447
12.5082.5%
+$116
Positive call-side proxy Negative put-side proxyHighlighted row is nearest spot strike

Scenario proxy = gamma × open interest × 100 shares × spot² × 1%. Calls are positive and puts negative by convention. Missing Greeks use a Black-Scholes estimate from stored IV with zero rate and dividend assumptions. Open interest does not reveal who is long or short, so this is not observed dealer positioning or a forecast.

Volatility Curve

Front-loaded volatility

2.35× front/back

Near-term options are materially richer than later expirations, consistent with concentrated event or immediate-risk pricing.

1.26 21 Aug 9d
0.84 18 Sep 37d
0.54 20 Nov 100d
0.54 19 Feb 191d

Volatility by Strike

Smile incomplete

Nearest expiry, within 20% of spot

There is not enough comparable OTM call and put volatility to classify the smile.

8
Put IV Call IV

Historical Replay

How matured reads behaved through expiry

0 matured · 0 directional

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
  • Auditable calculationoriginal version retained
  • Independent entryone read per market session
  • Point-in-time referencerequired at entry
  • Matched expiry closereported only after maturity

Eligible snapshots must have a dated market session, stored signal, and point-in-time market reference. Each observation uses one read per market session and the first stored weekly close on or immediately after expiry; its original calculation version is retained. It is an evidence audit, not an executable strategy or evidence of future performance.

Evidence Quality

Usable with limits

C69/100
Retained chain100%
Implied volatility100%
Two-sided quotes100%
Open interest100%
Chain status
Complete available chain
Market date
12 Aug 2026
Calculation
v2.0
Contracts
36 / 36
  • 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

Likely noise

35/100
Primary intent Likely noise

Visible options activity is too thin or mixed to support a strong intent classification.

Flow vs price divergence No clean flow/price divergence

The options read is mixed, so divergence is not strong enough to classify.

Why this matters

Likely noise matters because it connects the options headline to the actual evidence: $0 of estimated gross traded notional, no dominant cluster, 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+6
1W price+7.9%
Call premium0%
Put premium0%
Notional split C 0% / P 0% 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 87/100 Agreement between options pressure and Sharemaestro market context.
Event window 27 Aug Matched earnings event is 14 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 No dominant cluster

No high-conviction option cluster is visible in this snapshot.

Setup Classification

Opportunity and risk frame

Context, not advice
Positive Options-confirmed trend

Positioning agrees with the Sharemaestro trend backdrop.

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.

Activity Anomaly

Normal range

45

Activity is broadly in line with recent stored snapshots.

Baseline: 11 completed sessions

Volume rank27th
Volume/OI rank27th
IV rank82th

Market Context

Underlying confirmation

Sharemaestro weekly
Close6.85
1W+7.9%
RS4.0
Fair value+17.9%
Options pressure6
Speculation0
Volatility96
Trend fit87

Today Versus Normal

Stored-options context

View history
Expected move 10.9% muted
30d avg 17.8% · 11 sessions 0th
90d avg - · 11/30 sessions -
180d avg - · 11/60 sessions -
IV 1.26 elevated
30d avg 0.95 · 11 sessions 82th
90d avg - · 11/30 sessions -
180d avg - · 11/60 sessions -
Put-call - history building
30d avg - · 7/10 sessions -
90d avg - · 7/30 sessions -
180d avg - · 7/60 sessions -
Volume/OI 0.00 near normal
30d avg 0.03 · 11 sessions 27th
90d avg - · 11/30 sessions -
180d avg - · 11/60 sessions -

Pressure Trail

Recent pressure and volatility

Open trail
29 Jul 11:30 Bullish
Pressure 100
Move 13.8%
30 Jul 11:14 Mixed
Pressure 4
Move 19.2%
31 Jul 10:51 Mixed
Pressure 4
Move 18.8%
2 Aug 09:31 Mixed
Pressure 4
Move 18.2%
4 Aug 10:22 Bullish
Pressure 41
Move 19.8%
5 Aug 10:54 Volatility
Pressure 100
Move 18.5%
6 Aug 11:03 Volatility
Pressure 100
Move 18.9%
7 Aug 12:45 Volatility
Pressure 100
Move 21.7%

Strike Map

Where activity is clustering

Full strike map
Strike2.50
Calls · V 0 · OI 16
Puts · V 0 · OI 0
Strike5.00
Calls · V 0 · OI 291
Puts · V 0 · OI 1744
Strike7.50
Calls · V 0 · OI 1266
Puts · V 0 · OI 1
Strike10.00
Calls · V 0 · OI 143
Puts · V 0 · OI 0

Term Structure

Expiration activity

Volume and IV
Expiry21 Aug 2026
Contracts8
Avg IV1.26
Put-call-
Expiry18 Sep 2026
Contracts10
Avg IV0.84
Put-call-
Expiry20 Nov 2026
Contracts8
Avg IV0.54
Put-call-
Expiry19 Feb 2027
Contracts10
Avg IV0.54
Put-call-

Skew

Call/put IV balance

OTM demand
21 Aug 2026Put IV premium
Call IV0.39
Put IV1.03
Skew0.64
18 Sep 2026Call IV premium
Call IV0.57
Put IV0.51
Skew-0.06
20 Nov 2026Call IV premium
Call IV0.54
Put IV0.32
Skew-0.22
19 Feb 2027Balanced skew
Call IV0.25
Put IV0.23
Skew-0.02

Contract Tape

Most active contracts

Full contract tape
ContractMTLS260821P00005000
SidePut
Expiry21 Aug 2026
Strike5.00
Volume-
OI1744
IV1.03
ContractMTLS260821C00007500
SideCall
Expiry21 Aug 2026
Strike7.50
Volume-
OI1266
IV0.39
ContractMTLS260918C00007500
SideCall
Expiry18 Sep 2026
Strike7.50
Volume-
OI1025
IV0.57
ContractMTLS261120C00007500
SideCall
Expiry20 Nov 2026
Strike7.50
Volume-
OI426
IV0.54
ContractMTLS260821C00005000
SideCall
Expiry21 Aug 2026
Strike5.00
Volume-
OI291
IV0.01
ContractMTLS260821C00010000
SideCall
Expiry21 Aug 2026
Strike10.00
Volume-
OI143
IV1.18
ContractMTLS270219C00007500
SideCall
Expiry19 Feb 2027
Strike7.50
Volume-
OI118
IV0.47
ContractMTLS270219C00012500
SideCall
Expiry19 Feb 2027
Strike12.50
Volume-
OI100
IV0.37

Evidence context