Ticker Options Intelligence

MMLP options intelligence

Martin Midstream Partners LP options pressure, expected move, strike concentration, and Sharemaestro trend context.

Conviction 46 Market data through 29 Jul 2026 Checked 30 Jul 2026 00:19 · complete available chain

Volatility expansion watch

Volatility pressure

MMLP currently carries volatility options pressure with a 46/100 conviction score. The nearest-chain expected move is 27.6%, with volume/open-interest participation at 0.08.

Primary read Volatility

Volatility expansion watch

Expected move 27.6%

Wider near-term move priced

Activity / OI 0.08

Current volume is quieter versus prior open interest

Put-call 2.04

Put-side skew

Trend fit 93

Options agree with trend context

Weekly backdrop +0.8%

RS -18.4

Expected move 27.6%
Put-call volume 2.04
Volume / OI 0.08
Reference IV 1.03
Max pain 2.50
Underlying 2.45
Nearest expiry 21 Aug 2026
Contracts 14

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: $3998 of estimated gross traded notional, puts · 91+ days · atm, 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-23
1W price+0.8%
Call premium10%
Put premium90%
Notional split C 10% / P 90% 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 93/100 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 Puts · 91+ days · ATM
Puts · 91+ days · ATM puts cluster with 55 contracts traded, $3300 estimated gross traded notional, and 83% of visible notional.
$3300
Puts · 22-45 days · ITM puts cluster with 1 contracts traded, $262 estimated gross traded notional, and 7% of visible notional.
$262
Calls · 91+ days · ATM calls cluster with 3 contracts traded, $175 estimated gross traded notional, and 4% of visible notional.
$175
Calls · 91+ days · OTM calls cluster with 19 contracts traded, $105 estimated gross traded notional, and 3% of visible notional.
$105
Calls · 46-90 days · ATM calls cluster with 4 contracts traded, $100 estimated gross traded notional, and 3% of visible notional.
$100

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.

Warning Crowded strike risk

Underlying price is close to the max-pain zone.

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
Close2.45
1W+0.8%
RS-18.4
Fair value-17.1%
Options pressure-23
Speculation10
Volatility96
Trend fit93

Today Versus Normal

Stored-options context

View history
Expected move 27.6% elevated
30d avg 18.4% · 1 read 100th
90d avg 18.4% · 1 read 100th
180d avg 18.4% · 1 read 100th
IV 1.03 elevated
30d avg 0.87 · 1 read 100th
90d avg 0.87 · 1 read 100th
180d avg 0.87 · 1 read 100th
Put-call 2.04 normal building
30d avg - · 0 reads -
90d avg - · 0 reads -
180d avg - · 0 reads -
Volume/OI 0.08 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 11:46 Mixed
Pressure 9
Move 18.4%
29 Jul 23:19 Volatility
Pressure -23
Move 27.6%

Strike Map

Where activity is clustering

Full strike map
Strike2.50
Calls · V 1 · OI 24
Puts · V 0 · OI 10
Strike5.00
Calls · V 0 · OI 0
Puts · V 1 · OI 1

Term Structure

Expiration activity

Volume and IV
Expiry21 Aug 2026
Contracts3
Avg IV1.03
Put-call1.00
Expiry18 Sep 2026
Contracts1
Avg IV4.81
Put-call-
Expiry16 Oct 2026
Contracts3
Avg IV0.67
Put-call0.20
Expiry18 Dec 2026
Contracts4
Avg IV1.10
Put-call0.50
Expiry15 Jan 2027
Contracts3
Avg IV1.68
Put-call22.50

Skew

Call/put IV balance

OTM demand
21 Aug 2026Incomplete skew
Call IV0.91
Put IV-
Skew-
18 Sep 2026Incomplete skew
Call IV4.81
Put IV-
Skew-
16 Oct 2026Incomplete skew
Call IV0.66
Put IV-
Skew-
18 Dec 2026Incomplete skew
Call IV1.18
Put IV-
Skew-
15 Jan 2027Incomplete skew
Call IV1.62
Put IV-
Skew-

Contract Tape

Most active contracts

Full contract tape
ContractMMLP260918C00002500
SideCall
Expiry18 Sep 2026
Strike2.50
Volume-
OI311
IV4.81
ContractMMLP260821P00002500
SidePut
Expiry21 Aug 2026
Strike2.50
Volume-
OI10
IV0.66
ContractMMLP270115C00005000
SideCall
Expiry15 Jan 2027
Strike5.00
Volume-
OI3
IV2.51
ContractMMLP270115P00002500
SidePut
Expiry15 Jan 2027
Strike2.50
Volume45
OI80
IV0.90
ContractMMLP261218C00007500
SideCall
Expiry18 Dec 2026
Strike7.50
Volume14
OI40
IV1.38
ContractMMLP261218P00002500
SidePut
Expiry18 Dec 2026
Strike2.50
Volume10
OI11
IV0.90
ContractMMLP261218C00005000
SideCall
Expiry18 Dec 2026
Strike5.00
Volume5
OI281
IV0.95
ContractMMLP261016C00002500
SideCall
Expiry16 Oct 2026
Strike2.50
Volume4
OI243
IV0.66