Ticker Options Intelligence

MMED options intelligence

MiniMed Group, Inc. Common Stock options pressure, expected move, strike concentration, and Sharemaestro trend context.

Conviction 46 Market data through 29 Jul 2026 Checked 30 Jul 2026 11:43 · complete available chain

Call-side pressure

Bullish pressure

MMED currently carries bullish options pressure with a 46/100 conviction score. The nearest-chain expected move is 11.4%, with volume/open-interest participation at 0.03.

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

Call-side pressure

Expected move 11.4%

Wider near-term move priced

Activity / OI 0.03

Current volume is quieter versus prior open interest

Put-call 0.32

Call-side skew

Trend fit 44

Options are not fully confirming trend

Weekly backdrop -0.6%

Sharemaestro weekly context

Expected move 11.4%
Put-call volume 0.32
Volume / OI 0.03
Reference IV 0.45
Max pain 15.00
Underlying 16.83
Nearest expiry 21 Aug 2026
Contracts 286

Research Brief

MMED has a bullish chain read with 46/100 evidence alignment.

The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 14.90–18.76; The largest call open-interest concentration is 20.00; the largest put concentration is 15.00. The most active strike by current volume is 17.50.

Priced range14.90–18.76
Call concentration20.00
Put concentration15.00
Max pain reference15.00
What would confirm it
  • Price holds or improves while call-side concentration remains elevated.
What would weaken it
  • Price weakens while call pressure fades or reverses toward puts.
  • Options and the weekly trend are not yet giving the same message.

Priced Move

Where the chain says movement becomes exceptional

Size, not direction · through 21 Aug

Options imply 14.90 to 18.76. Max pain at 15.00 sits inside that range, 10.9% below spot.

Spot Max pain
14.9016.83 ± 1.9318.76
Confirmation level

A close beyond 18.76 or below 14.90 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 46/100

Evidence alignment, not probability

Pressure is 44/100 toward calls; conviction uses its strength, while the signal label carries its direction.

Directional pressure44 × 42%
+18.5

How strongly activity leans toward calls or puts.

Participation41 × 22%
+9.0

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

Trend agreement44 × 26%
+11.3

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

Volatility72 × 10%
+7.2

The intensity of implied volatility and the priced move.

Reconstructed score46.0Matches stored calculation

Positioning by Strike

Where open interest and current activity concentrate

Full strike map

The largest call open-interest concentration is 20.00; the largest put concentration is 15.00. The most active strike by current volume is 17.50. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.

Put open interestStrikeCall open interest
0
2.50-85.1%
5
0
5.00-70.3%
0
1
7.50-55.4%
1
5
10.00-40.6%
1
7
12.50-25.7%
16
179
15.00-10.9%
102
5
17.504.0%
150
7
20.0018.8%
626
0
22.5033.7%
0
0
25.0048.5%
0
0
30.0078.3%
0
0
35.00108.0%
0
Nearest spot strike Max pain strikeBars show relative OI within this expiry

Volatility Curve

Balanced volatility curve

0.89× front/back

Near- and longer-dated implied volatility are broadly aligned; no exceptional front-expiry premium is visible.

0.45 21 Aug 22d
0.45 18 Sep 50d
0.56 20 Nov 113d
0.57 18 Dec 141d
0.71 15 Jan 169d
0.61 19 Feb 204d
0.59 19 Mar 232d
0.56 16 Apr 260d

Volatility by Strike

Balanced wings

Nearest expiry, within 20% of spot

Comparable upside calls and downside puts carry broadly similar implied volatility.

15
18
20
Put IV Call IV

Historical Replay

How matured reads behaved through expiry

0 directional observations

No independently verifiable option-expiry outcomes have matured yet. Legacy snapshots without a point-in-time market reference and repeated same-session snapshots are deliberately excluded.

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
29 Jul 2026
Calculation
v1.x legacy
Contracts
286 / 286
  • 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

76/100
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 Bullish flow against weak price

Options are leaning call-side while the stock is down on the week, a divergence that needs price confirmation.

Why this matters

Earnings/event positioning matters because it connects the options headline to the actual evidence: $40535 of estimated gross traded notional, calls · 91+ days · otm, and a bullish flow against weak price backdrop. Use it as a research priority signal, then validate the chart, liquidity, event calendar, and risk before acting.

Options pressure+44
1W price-0.6%
Call premium88%
Put premium12%
Notional split C 88% / P 12% Estimated gross traded notional uses volume × contract multiplier × midpoint, or last price when no valid midpoint is available.
Freshness 0.03 Volume divided by open interest across the visible chain.
Trend fit 44/100 Agreement between options pressure and Sharemaestro market context.
Event window 17 Aug Matched earnings event is 17 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 Calls · 91+ days · OTM
Calls · 91+ days · OTM calls cluster with 75 contracts traded, $31875 estimated gross traded notional, and 79% of visible notional.
$31875
Puts · 91+ days · ITM puts cluster with 10 contracts traded, $2850 estimated gross traded notional, and 7% of visible notional.
$2850
Calls · 22-45 days · OTM calls cluster with 30 contracts traded, $2440 estimated gross traded notional, and 6% of visible notional.
$2440
Puts · 91+ days · OTM puts cluster with 10 contracts traded, $1400 estimated gross traded notional, and 3% of visible notional.
$1400
Calls · 91+ days · ITM calls cluster with 1 contracts traded, $920 estimated gross traded notional, and 2% of visible notional.
$920

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.

Activity Anomaly

Warming up

-

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

Baseline: 1 completed session

Volume rank-
Volume/OI rank-
IV rank-

Market Context

Underlying confirmation

Sharemaestro weekly
Close16.83
1W-0.6%
RS-
Fair value+16.9%
Options pressure44
Speculation41
Volatility72
Trend fit44

Today Versus Normal

Stored-options context

View history
Expected move 11.4% history building
30d avg - · 1/10 sessions -
90d avg - · 1/30 sessions -
180d avg - · 1/60 sessions -
IV 0.45 history building
30d avg - · 1/10 sessions -
90d avg - · 1/30 sessions -
180d avg - · 1/60 sessions -
Put-call 0.32 history building
30d avg - · 1/10 sessions -
90d avg - · 1/30 sessions -
180d avg - · 1/60 sessions -
Volume/OI 0.03 history building
30d avg - · 1/10 sessions -
90d avg - · 1/30 sessions -
180d avg - · 1/60 sessions -

Pressure Trail

Recent pressure and volatility

Open trail
29 Jul 10:52 Volatility
Pressure 66
Move 14.4%
30 Jul 10:43 Bullish
Pressure 44
Move 11.4%

Strike Map

Where activity is clustering

Full strike map
Strike2.50
Calls · V 0 · OI 5
Puts · V 0 · OI 0
Strike5.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike7.50
Calls · V 0 · OI 1
Puts · V 0 · OI 1
Strike10.00
Calls · V 0 · OI 1
Puts · V 0 · OI 5
Strike12.50
Calls · V 0 · OI 16
Puts · V 0 · OI 7
Strike15.00
Calls · V 1 · OI 102
Puts · V 10 · OI 179
Strike17.50
Calls · V 16 · OI 150
Puts · V 5 · OI 5
Strike20.00
Calls · V 14 · OI 626
Puts · V 0 · OI 7

Term Structure

Expiration activity

Volume and IV
Expiry21 Aug 2026
Contracts24
Avg IV0.45
Put-call0.48
Expiry18 Sep 2026
Contracts22
Avg IV0.45
Put-call-
Expiry20 Nov 2026
Contracts24
Avg IV0.56
Put-call-
Expiry18 Dec 2026
Contracts24
Avg IV0.57
Put-call-
Expiry15 Jan 2027
Contracts24
Avg IV0.71
Put-call-

Skew

Call/put IV balance

OTM demand
21 Aug 2026Call IV premium
Call IV0.51
Put IV0.39
Skew-0.13
18 Sep 2026Put IV premium
Call IV0.11
Put IV0.27
Skew0.16
20 Nov 2026Balanced skew
Call IV0.16
Put IV0.18
Skew0.02
18 Dec 2026Balanced skew
Call IV0.66
Put IV0.70
Skew0.04
15 Jan 2027Put IV premium
Call IV0.63
Put IV0.75
Skew0.12

Contract Tape

Most active contracts

Full contract tape
ContractMMED270521C00017500
SideCall
Expiry21 May 2027
Strike17.50
Volume75
OI78
IV0.56
ContractMMED260821C00017500
SideCall
Expiry21 Aug 2026
Strike17.50
Volume16
OI150
IV0.34
ContractMMED260821C00020000
SideCall
Expiry21 Aug 2026
Strike20.00
Volume14
OI626
IV0.51
ContractMMED260821P00015000
SidePut
Expiry21 Aug 2026
Strike15.00
Volume10
OI179
IV0.39
ContractMMED261218P00017500
SidePut
Expiry18 Dec 2026
Strike17.50
Volume10
OI1
IV0.78
ContractMMED261218P00015000
SidePut
Expiry18 Dec 2026
Strike15.00
Volume10
OI-
IV0.70
ContractMMED260821P00017500
SidePut
Expiry21 Aug 2026
Strike17.50
Volume5
OI5
IV0.12
ContractMMED260821C00015000
SideCall
Expiry21 Aug 2026
Strike15.00
Volume1
OI102
IV0.82