Ticker Options Intelligence

SSRM options intelligence

SSR Mining Inc options pressure, expected move, strike concentration, and Sharemaestro trend context.

Conviction 36 Market data through 30 Jul 2026 Checked 31 Jul 2026 11:22 · complete available chain

Options-market disagreement

Mixed pressure

SSRM currently carries mixed options pressure with a 36/100 conviction score. The nearest-chain expected move is 13.6%, with volume/open-interest participation at 0.02.

Options Intelligence Opportunities Bullish confirmation Risks Unusual flow Vol expansion Repeated pressure Compare Chart Weekly report
Primary read Mixed

Options-market disagreement

Expected move 13.6%

Wider near-term move priced

Activity / OI 0.02

Current volume is quieter versus prior open interest

Put-call 0.96

Balanced tape

Trend fit 55

Options are not fully confirming trend

Weekly backdrop -4.6%

RS -7.2

Expected move 13.6%
Put-call volume 0.96
Volume / OI 0.02
Reference IV 0.71
Max pain 27.00
Underlying 26.86
Nearest expiry 21 Aug 2026
Contracts 334

Research Brief

SSRM has a mixed chain read with 36/100 evidence alignment.

The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 23.21–30.51; The largest call open-interest concentration is 33.00; the largest put concentration is 25.00. The most active strike by current volume is 19.00.

Priced range23.21–30.51
Call concentration33.00
Put concentration25.00
Max pain reference27.00
What would confirm it
  • A clear directional pressure reading develops and price begins to agree.
What would weaken it
  • Volatility falls and the chain remains directionally mixed.
  • 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

Size, not direction · through 21 Aug

Options imply 23.21 to 30.51. Max pain at 27.00 sits inside that range, 0.5% above spot.

Spot Max pain
23.2126.86 ± 3.6530.51
Confirmation level

A close beyond 30.51 or below 23.21 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 36/100

Evidence alignment, not probability

Pressure is 9/100 toward calls; conviction uses its strength, while the signal label carries its direction.

Directional pressure9 × 42%
+3.8

How strongly activity leans toward calls or puts.

Participation40 × 22%
+8.9

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

Trend agreement55 × 26%
+14.2

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

Volatility90 × 10%
+9.0

The intensity of implied volatility and the priced move.

Reconstructed score36.0Matches stored calculation

Positioning by Strike

Where open interest and current activity concentrate

Full strike map

The largest call open-interest concentration is 33.00; the largest put concentration is 25.00. The most active strike by current volume is 19.00. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.

Put open interestStrikeCall open interest
2
19.00-29.3%
5
121
22.00-18.1%
15
97
23.00-14.4%
9
228
24.00-10.6%
40
312
25.00-6.9%
61
113
26.00-3.2%
75
224
27.000.5%
166
58
28.004.2%
391
46
29.008.0%
338
124
30.0011.7%
836
15
31.0015.4%
427
26
32.0019.1%
659
2
33.0022.9%
937
0
34.0026.6%
107
1
35.0030.3%
168
0
36.0034.0%
62
0
40.0048.9%
42
Nearest spot strike Max pain strikeBars show relative OI within this expiry

Volatility Curve

Front-loaded volatility

1.14× front/back

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

0.71 21 Aug 22d
0.65 18 Sep 50d
0.64 18 Dec 141d
0.63 15 Jan 169d
0.61 19 Mar 232d
0.63 21 Jan 540d

Volatility by Strike

Downside protection premium

Nearest expiry, within 20% of spot

Out-of-the-money puts carry higher implied volatility than comparable calls, indicating richer downside protection.

22
23
24
25
26
27
28
29
30
31
32
Put IV Call IV

Historical Replay

How matured reads behaved through expiry

0 directional observations

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

Usable with limits

C69/100
Retained chain100%
Implied volatility100%
Two-sided quotes100%
Open interest100%
Chain status
Complete available chain
Market date
30 Jul 2026
Calculation
v2.0
Contracts
334 / 334
  • 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

Earnings/event positioning

87/100
Primary intent Earnings/event positioning

Options activity is concentrated around a live event window, so the cleanest read is event positioning rather than pure direction.

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

Earnings/event positioning matters because it connects the options headline to the actual evidence: $150858 of estimated gross traded notional, puts · 91+ days · otm, 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+9
1W price-4.6%
Call premium47%
Put premium53%
Notional split C 47% / P 53% 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 55/100 Agreement between options pressure and Sharemaestro market context.
Event window 4 Aug Matched earnings event is 3 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 Puts · 91+ days · OTM
Puts · 91+ days · OTM puts cluster with 129 contracts traded, $50202 estimated gross traded notional, and 33% of visible notional.
$50202
Calls · 91+ days · ITM calls cluster with 34 contracts traded, $23170 estimated gross traded notional, and 15% of visible notional.
$23170
Calls · 8-21 days · OTM calls cluster with 196 contracts traded, $11790 estimated gross traded notional, and 8% of visible notional.
$11790
Puts · 91+ days · ITM puts cluster with 11 contracts traded, $10855 estimated gross traded notional, and 7% of visible notional.
$10855
Calls · 91+ days · ATM calls cluster with 24 contracts traded, $10080 estimated gross traded notional, and 7% of visible notional.
$10080

Setup Classification

Opportunity and risk frame

Context, not advice
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

Warming up

-

2 of 10 completed market sessions are available. More session history is needed before activity can be compared with a reliable normal.

Baseline: 2 completed sessions

Volume rank-
Volume/OI rank-
IV rank-

Market Context

Underlying confirmation

Sharemaestro weekly
Close25.62
1W-4.6%
RS-7.2
Fair value+79.5%
Options pressure9
Speculation40
Volatility90
Trend fit55

Today Versus Normal

Stored-options context

View history
Expected move 13.6% history building
30d avg - · 2/10 sessions -
90d avg - · 2/30 sessions -
180d avg - · 2/60 sessions -
IV 0.71 history building
30d avg - · 2/10 sessions -
90d avg - · 2/30 sessions -
180d avg - · 2/60 sessions -
Put-call 0.96 history building
30d avg - · 2/10 sessions -
90d avg - · 2/30 sessions -
180d avg - · 2/60 sessions -
Volume/OI 0.02 history building
30d avg - · 2/10 sessions -
90d avg - · 2/30 sessions -
180d avg - · 2/60 sessions -

Pressure Trail

Recent pressure and volatility

Open trail
29 Jul 10:36 Volatility
Pressure -29
Move 15.2%
30 Jul 10:33 Volatility
Pressure 68
Move 15.4%
31 Jul 10:22 Mixed
Pressure 9
Move 13.6%

Strike Map

Where activity is clustering

Full strike map
Strike17.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike18.00
Calls · V 0 · OI 0
Puts · V 0 · OI 30
Strike19.00
Calls · V 0 · OI 5
Puts · V 89 · OI 2
Strike20.00
Calls · V 0 · OI 13
Puts · V 3 · OI 12
Strike21.00
Calls · V 0 · OI 1
Puts · V 10 · OI 28
Strike22.00
Calls · V 1 · OI 15
Puts · V 2 · OI 121
Strike23.00
Calls · V 0 · OI 9
Puts · V 67 · OI 97
Strike24.00
Calls · V 1 · OI 40
Puts · V 50 · OI 228

Term Structure

Expiration activity

Volume and IV
Expiry21 Aug 2026
Contracts48
Avg IV0.71
Put-call0.88
Expiry18 Sep 2026
Contracts72
Avg IV0.65
Put-call0.52
Expiry18 Dec 2026
Contracts70
Avg IV0.64
Put-call0.02
Expiry15 Jan 2027
Contracts72
Avg IV0.63
Put-call0.86
Expiry19 Mar 2027
Contracts44
Avg IV0.61
Put-call-

Skew

Call/put IV balance

OTM demand
21 Aug 2026Balanced skew
Call IV0.71
Put IV0.71
Skew-
18 Sep 2026Balanced skew
Call IV0.64
Put IV0.64
Skew-
18 Dec 2026Balanced skew
Call IV0.66
Put IV0.65
Skew-0.01
15 Jan 2027Balanced skew
Call IV0.63
Put IV0.64
Skew0.01
19 Mar 2027Balanced skew
Call IV0.61
Put IV0.65
Skew0.04

Contract Tape

Most active contracts

Full contract tape
ContractSSRM280121P00022000
SidePut
Expiry21 Jan 2028
Strike22.00
Volume100
OI9
IV0.63
ContractSSRM260821P00019000
SidePut
Expiry21 Aug 2026
Strike19.00
Volume89
OI2
IV0.59
ContractSSRM260821P00023000
SidePut
Expiry21 Aug 2026
Strike23.00
Volume67
OI97
IV0.72
ContractSSRM260821C00030000
SideCall
Expiry21 Aug 2026
Strike30.00
Volume57
OI836
IV0.70
ContractSSRM260821P00024000
SidePut
Expiry21 Aug 2026
Strike24.00
Volume50
OI228
IV0.71
ContractSSRM260821C00027000
SideCall
Expiry21 Aug 2026
Strike27.00
Volume35
OI166
IV0.72
ContractSSRM260918C00032000
SideCall
Expiry18 Sep 2026
Strike32.00
Volume34
OI182
IV0.64
ContractSSRM260821C00032000
SideCall
Expiry21 Aug 2026
Strike32.00
Volume33
OI659
IV0.68