Ticker Options Intelligence

FMC options intelligence

FMC Corporation options pressure, expected move, strike concentration, and Sharemaestro trend context.

Conviction 30 Market data through 30 Jul 2026 Checked 31 Jul 2026 11:34 · complete available chain

Call-side pressure

Bullish pressure

FMC currently carries bullish options pressure with a 30/100 conviction score. The nearest-chain expected move is 13.9%, with volume/open-interest participation at 0.04.

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

Call-side pressure

Expected move 13.9%

Wider near-term move priced

Activity / OI 0.04

Current volume is quieter versus prior open interest

Put-call 0.59

Call-side skew

Trend fit 23

Options are not fully confirming trend

Weekly backdrop -5.2%

RS -47.8

Expected move 13.9%
Put-call volume 0.59
Volume / OI 0.04
Reference IV 0.61
Max pain 12.50
Underlying 11.30
Nearest expiry 21 Aug 2026
Contracts 172

Research Brief

FMC has a bullish chain read with 30/100 evidence alignment.

The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 9.72–12.88; The largest call open-interest concentration is 12.50; the largest put concentration is 10.00. The most active strike by current volume is 12.50.

Priced range9.72–12.88
Call concentration12.50
Put concentration10.00
Max pain reference12.50
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 9.72 to 12.88. Max pain at 12.50 sits inside that range, 10.6% above spot.

Spot Max pain
9.7211.30 ± 1.5812.88
Confirmation level

A close beyond 12.88 or below 9.72 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 30/100

Evidence alignment, not probability

Pressure is 33/100 toward calls; conviction uses its strength, while the signal label carries its direction.

Directional pressure33 × 42%
+14.1

How strongly activity leans toward calls or puts.

Participation7 × 22%
+1.5

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

Trend agreement23 × 26%
+6.1

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

Volatility83 × 10%
+8.3

The intensity of implied volatility and the priced move.

Reconstructed score29.9Matches stored calculation

Positioning by Strike

Where open interest and current activity concentrate

Full strike map

The largest call open-interest concentration is 12.50; the largest put concentration is 10.00. The most active strike by current volume is 12.50. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.

Put open interestStrikeCall open interest
3
2.50-77.9%
0
13
5.00-55.8%
2
656
7.50-33.6%
0
4356
10.00-11.5%
557
766
12.5010.6%
3705
143
15.0032.7%
1551
38
17.5054.9%
254
0
20.0077.0%
107
0
22.5099.1%
47
0
25.00121.2%
3
Nearest spot strike Max pain strikeBars show relative OI within this expiry

Volatility Curve

Back-loaded volatility

0.87× front/back

Longer-dated options carry more implied volatility than the front expiry, so risk is priced farther out.

0.61 21 Aug 22d
0.59 18 Sep 50d
0.56 16 Oct 78d
0.61 15 Jan 169d
0.70 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.

10
13
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
172 / 172
  • 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

Multi-expiry position-maintenance candidate

71/100
Primary intent Multi-expiry position-maintenance candidate

Activity is spread across expirations with heavier open interest than current volume, which can be consistent with position maintenance.

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

Multi-expiry position-maintenance candidate matters because it connects the options headline to the actual evidence: $326288 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+33
1W price-5.2%
Call premium66%
Put premium34%
Notional split C 66% / P 34% Estimated gross traded notional uses volume × contract multiplier × midpoint, or last price when no valid midpoint is available.
Freshness 0.04 Volume divided by open interest across the visible chain.
Trend fit 23/100 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. Roll detection is conservative because opening and closing legs are not directly observable in this snapshot.
Conviction clusters Calls · 91+ days · OTM
Calls · 91+ days · OTM calls cluster with 905 contracts traded, $136292 estimated gross traded notional, and 42% of visible notional.
$136292
Puts · 91+ days · OTM puts cluster with 355 contracts traded, $49645 estimated gross traded notional, and 15% of visible notional.
$49645
Puts · 8-21 days · ITM puts cluster with 240 contracts traded, $32900 estimated gross traded notional, and 10% of visible notional.
$32900
Calls · 8-21 days · OTM calls cluster with 703 contracts traded, $24201 estimated gross traded notional, and 7% of visible notional.
$24201
Calls · 46-90 days · ITM calls cluster with 97 contracts traded, $22492 estimated gross traded notional, and 7% of visible notional.
$22492

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.

Negative Options disagreement

Options positioning is not confirming the underlying trend context.

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
Close10.71
1W-5.2%
RS-47.8
Fair value-73.5%
Options pressure33
Speculation7
Volatility83
Trend fit23

Today Versus Normal

Stored-options context

View history
Expected move 13.9% history building
30d avg - · 2/10 sessions -
90d avg - · 2/30 sessions -
180d avg - · 2/60 sessions -
IV 0.61 history building
30d avg - · 2/10 sessions -
90d avg - · 2/30 sessions -
180d avg - · 2/60 sessions -
Put-call 0.59 history building
30d avg - · 2/10 sessions -
90d avg - · 2/30 sessions -
180d avg - · 2/60 sessions -
Volume/OI 0.04 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 11:04 Mixed
Pressure 5
Move 19.9%
30 Jul 10:52 Bullish
Pressure 27
Move 26.8%
31 Jul 10:34 Bullish
Pressure 33
Move 13.9%

Strike Map

Where activity is clustering

Full strike map
Strike2.50
Calls · V 0 · OI 0
Puts · V 0 · OI 3
Strike5.00
Calls · V 0 · OI 2
Puts · V 0 · OI 13
Strike7.50
Calls · V 0 · OI 0
Puts · V 2 · OI 656
Strike10.00
Calls · V 16 · OI 557
Puts · V 209 · OI 4356
Strike12.50
Calls · V 626 · OI 3705
Puts · V 220 · OI 766
Strike15.00
Calls · V 66 · OI 1551
Puts · V 20 · OI 143
Strike17.50
Calls · V 0 · OI 254
Puts · V 0 · OI 38
Strike20.00
Calls · V 0 · OI 107
Puts · V 0 · OI 0

Term Structure

Expiration activity

Volume and IV
Expiry21 Aug 2026
Contracts20
Avg IV0.61
Put-call0.63
Expiry18 Sep 2026
Contracts16
Avg IV0.59
Put-call2.69
Expiry16 Oct 2026
Contracts26
Avg IV0.56
Put-call0.18
Expiry15 Jan 2027
Contracts68
Avg IV0.61
Put-call0.38
Expiry21 Jan 2028
Contracts42
Avg IV0.70
Put-call0.55

Skew

Call/put IV balance

OTM demand
21 Aug 2026Put IV premium
Call IV0.55
Put IV0.64
Skew0.09
18 Sep 2026Put IV premium
Call IV0.61
Put IV0.68
Skew0.07
16 Oct 2026Call IV premium
Call IV0.77
Put IV0.66
Skew-0.11
15 Jan 2027Put IV premium
Call IV0.66
Put IV0.76
Skew0.10
21 Jan 2028Balanced skew
Call IV0.70
Put IV0.73
Skew0.03

Contract Tape

Most active contracts

Full contract tape
ContractFMC260821C00012500
SideCall
Expiry21 Aug 2026
Strike12.50
Volume626
OI3705
IV0.55
ContractFMC270115C00015000
SideCall
Expiry15 Jan 2027
Strike15.00
Volume424
OI3946
IV0.63
ContractFMC270115C00012500
SideCall
Expiry15 Jan 2027
Strike12.50
Volume364
OI3302
IV0.63
ContractFMC270115P00010000
SidePut
Expiry15 Jan 2027
Strike10.00
Volume293
OI2071
IV0.76
ContractFMC260918P00010000
SidePut
Expiry18 Sep 2026
Strike10.00
Volume282
OI379
IV0.68
ContractFMC260821P00012500
SidePut
Expiry21 Aug 2026
Strike12.50
Volume220
OI766
IV0.71
ContractFMC260821P00010000
SidePut
Expiry21 Aug 2026
Strike10.00
Volume209
OI4356
IV0.64
ContractFMC260918C00012500
SideCall
Expiry18 Sep 2026
Strike12.50
Volume90
OI365
IV0.58