Primary read
Bullish
Call-side pressure
Ticker Options Intelligence
CRML options intelligence
Critical Metals Corp. Ordinary Shares options pressure, expected move, strike concentration, and Sharemaestro trend context.
Conviction
37
Market data through 12 Aug 2026
Checked 13 Aug 2026 12:20 · complete available chain
Call-side pressure
Bullish pressure
CRML currently carries bullish options pressure with a 37/100 conviction score. The nearest-chain expected move is 8.6%, with volume/open-interest participation at 0.02.
Expected move
8.6%
Wider near-term move priced
Activity / OI
0.02
Current volume is quieter versus prior open interest
Put-call
0.59
Call-side skew
Trend fit
30
Options are not fully confirming trend
Weekly backdrop
+32.1%
RS -35.9
Expected move
8.6%
Put-call volume
0.59
Volume / OI
0.02
Reference IV
1.35
Max pain
7.00
Underlying
7.25
Nearest expiry
14 Aug 2026
Contracts
422
Research Brief
CRML has a bullish chain read with 37/100 evidence alignment.
The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 6.62–7.88; The largest call open-interest concentration is 7.50; the largest put concentration is 7.00. The most active strike by current volume is 6.50.
Priced range6.62–7.88
Call concentration7.50
Put concentration7.00
Max pain reference7.00
- Price holds or improves while call-side concentration remains elevated.
- Price weakens while call pressure fades or reverses toward puts.
- Options and the weekly trend are not yet giving the same message.
- 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
Options imply 6.62 to 7.88. Max pain at 7.00 sits inside that range, 3.4% below spot.
Spot
Max pain
6.627.25 ± 0.637.88
Confirmation level
A close beyond 7.88 or below 6.62 at the 14 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 37/100
Pressure is 32/100 toward calls; conviction uses its strength, while the signal label carries its direction.
Directional pressure32 × 42%
+13.3
How strongly activity leans toward calls or puts.
Participation33 × 22%
+7.2
Volume relative to existing open interest and contract-level activity.
Trend agreement30 × 26%
+7.7
How closely the chain read agrees with the underlying trend backdrop.
Volatility90 × 10%
+9.0
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 7.50; the largest put concentration is 7.00. The most active strike by current volume is 6.50. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.
Put open interestStrikeCall open interest
0
2.00-72.4%
25
0
3.00-58.6%
19
13
4.00-44.8%
14
13
4.50-37.9%
15
56
5.00-31.0%
708
338
5.50-24.1%
36
518
6.00-17.2%
323
725
6.50-10.3%
321
3087
7.00-3.4%
763
204
7.503.4%
1593
187
8.0010.3%
1059
27
8.5017.2%
174
18
9.0024.1%
786
20
9.5031.0%
171
89
10.0037.9%
126
56
11.5058.6%
21
24
12.0065.5%
49
Nearest spot strike Max pain strikeBars show relative OI within this expiry
Gamma Profile by Strike
Positive gamma proxy
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+$274,769Delta change / 1% move
Positive peak10.00+$148,440
Negative peak6.50-$29,863
Nearest balance7.24Interpolated sign change
StrikeNegativePositiveNet / 1% move
2.00-72.4%
-$1
2.50-65.5%
-$1,445
3.00-58.6%
-$29
3.50-51.7%
-$4
4.00-44.8%
-$166
4.50-37.9%
+$308
5.00-31.0%
-$11,296
5.50-24.1%
-$3,466
6.00-17.2%
-$6,073
6.50-10.3%
-$29,863
7.00-3.4%
-$29,617
7.503.4%
+$33,162
8.0010.3%
+$10,082
8.5017.2%
+$3,122
9.0024.1%
+$5,283
9.5031.0%
+$650
10.0037.9%
+$148,440
10.5044.8%
+$54
11.0051.7%
+$357
11.5058.6%
-$1,066
12.0065.5%
+$98
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
Near-term options are materially richer than later expirations, consistent with concentrated event or immediate-risk pricing.
1.35
14 Aug
2d
0.98
21 Aug
9d
1.01
28 Aug
16d
1.00
4 Sep
23d
1.05
11 Sep
30d
1.16
18 Sep
37d
1.06
25 Sep
44d
1.00
20 Nov
100d
Volatility by Strike
Upside optionality premium
Out-of-the-money calls carry higher implied volatility than comparable puts, indicating richer upside optionality.
6
7
7
8
8
9
Put IV Call IV
Historical Replay
How matured reads behaved through expiry
Across 2 stored directional transitions, the next stored price moved in the labelled direction 50% of the time.
Directional follow-through50%
Moves contained by pricing20%
Average expiry move26.7%
5 Aug
Bullish · 38
32.1% through expiry
23.3% priced · v2.0
4 Aug
Volatility · 47
32.1% through expiry
23.7% priced · v2.0
3 Aug
Volatility · 52
32.1% through expiry
19.8% priced · v2.0
31 Jul
Volatility · 49
32.1% through expiry
11.4% priced · v2.0
30 Jul
Bullish · 44
-5.5% through expiry
12.0% priced · v2.0
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
Retained chain100%
Implied volatility100%
Two-sided quotes100%
Open interest100%
- Chain status
- Complete available chain
- Market date
- 12 Aug 2026
- Calculation
- v2.0
- Contracts
- 422 / 422
- 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.
Options pressure and weekly price action are pointing in the same constructive direction.
Put-heavy activity matters because it connects the options headline to the actual evidence: $819,280 of estimated gross traded notional, puts · 91+ days · itm, and a bullish flow confirms price backdrop. Use it as a research priority signal, then validate the chart, liquidity, event calendar, and risk before acting.
Options pressure+32
1W price+32.1%
Call premium39%
Put premium61%
Notional split
C 39% / P 61%
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
30/100
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 · ITM
puts cluster with 572 contracts traded, $247,290 estimated gross traded notional, and 30% of visible notional.
$247,290
Calls · 91+ days · OTM
calls cluster with 1472 contracts traded, $154,382 estimated gross traded notional, and 19% of visible notional.
$154,382
Puts · 8-21 days · ITM
puts cluster with 338 contracts traded, $152,732 estimated gross traded notional, and 19% of visible notional.
$152,732
Calls · 91+ days · ITM
calls cluster with 214 contracts traded, $63,462 estimated gross traded notional, and 8% of visible notional.
$63,462
Calls · 0-7 days · ITM
calls cluster with 332 contracts traded, $38,090 estimated gross traded notional, and 5% of visible notional.
$38,090
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
Warming up
9 of 10 completed market sessions are available. More session history is needed before activity can be compared with a reliable normal.
Baseline: 9 completed sessions
Volume rank-
Volume/OI rank-
IV rank-
Market Context
Underlying confirmation
Close7.25
1W+32.1%
RS-35.9
Fair value-8.3%
Options pressure32
Speculation33
Volatility90
Trend fit30
Today Versus Normal
Stored-options context
30d avg - · 9/10 sessions
-
90d avg - · 9/30 sessions
-
180d avg - · 9/60 sessions
-
30d avg - · 9/10 sessions
-
90d avg - · 9/30 sessions
-
180d avg - · 9/60 sessions
-
30d avg - · 9/10 sessions
-
90d avg - · 9/30 sessions
-
180d avg - · 9/60 sessions
-
30d avg - · 9/10 sessions
-
90d avg - · 9/30 sessions
-
180d avg - · 9/60 sessions
-
Pressure Trail
Recent pressure and volatility
29 Jul 11:05
Bullish
Pressure 51
Move 11.2%
30 Jul 10:53
Volatility
Pressure 68
Move 14.6%
30 Jul 15:58
Bullish
Pressure 41
Move 11.5%
30 Jul 17:12
Bullish
Pressure 50
Move 11.3%
30 Jul 17:45
Bullish
Pressure 50
Move 11.3%
30 Jul 19:35
Bullish
Pressure 41
Move 12.5%
31 Jul 12:16
Bullish
Pressure 61
Move 12.0%
2 Aug 08:22
Bullish
Pressure 61
Move 11.4%
Strike Map
Where activity is clustering
Strike2.00
Calls · V 31 · OI 25
Puts · V 0 · OI 0
Strike3.00
Calls · V 32 · OI 19
Puts · V 0 · OI 0
Strike3.50
Calls · V 10 · OI 4
Puts · V 0 · OI 9
Strike4.00
Calls · V 13 · OI 14
Puts · V 0 · OI 13
Strike4.50
Calls · V 7 · OI 15
Puts · V 0 · OI 13
Strike5.00
Calls · V 0 · OI 708
Puts · V 0 · OI 56
Strike5.50
Calls · V 1 · OI 36
Puts · V 1 · OI 338
Strike6.00
Calls · V 18 · OI 323
Puts · V 3 · OI 518
Term Structure
Expiration activity
Expiry14 Aug 2026
Contracts62
Avg IV1.35
Put-call0.83
Expiry21 Aug 2026
Contracts64
Avg IV0.98
Put-call0.85
Expiry28 Aug 2026
Contracts58
Avg IV1.01
Put-call0.61
Expiry4 Sep 2026
Contracts46
Avg IV1.00
Put-call0.36
Expiry11 Sep 2026
Contracts46
Avg IV1.05
Put-call0.47
Skew
Call/put IV balance
14 Aug 2026Balanced skew
Call IV1.01
Put IV1.04
Skew0.03
21 Aug 2026Call IV premium
Call IV1.05
Put IV0.97
Skew-0.08
28 Aug 2026Balanced skew
Call IV0.92
Put IV0.88
Skew-0.04
4 Sep 2026Balanced skew
Call IV1.19
Put IV1.17
Skew-0.02
11 Sep 2026Balanced skew
Call IV1.13
Put IV1.15
Skew0.02
Contract Tape
Most active contracts
ContractCRML260821P00006500
SidePut
Expiry21 Aug 2026
Strike6.50
Volume913
OI987
IV0.99
ContractCRML261120C00007500
SideCall
Expiry20 Nov 2026
Strike7.50
Volume647
OI3153
IV0.93
ContractCRML260821C00007000
SideCall
Expiry21 Aug 2026
Strike7.00
Volume559
OI1430
IV1.05
ContractCRML270115P00010000
SidePut
Expiry15 Jan 2027
Strike10.00
Volume519
OI2515
IV1.16
ContractCRML260828C00008000
SideCall
Expiry28 Aug 2026
Strike8.00
Volume515
OI212
IV0.92
ContractCRML260918C00007500
SideCall
Expiry18 Sep 2026
Strike7.50
Volume329
OI884
IV0.97
ContractCRML270115C00010000
SideCall
Expiry15 Jan 2027
Strike10.00
Volume300
OI10756
IV1.00
ContractCRML260814P00006500
SidePut
Expiry14 Aug 2026
Strike6.50
Volume269
OI725
IV1.04
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
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.