Ticker Options Intelligence

MLM options intelligence

Martin Marietta Materials Inc options pressure, expected move, strike concentration, and Sharemaestro trend context.

Conviction 53 Market data through 31 Jul 2026 Checked 1 Aug 2026 17:18 · complete available chain

Call-side pressure

Bullish pressure

MLM currently carries bullish options pressure with a 53/100 conviction score. The nearest-chain expected move is 5.7%, with volume/open-interest participation at 0.13.

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

Call-side pressure

Expected move 5.7%

Near-term move context

Activity / OI 0.13

Current volume is quieter versus prior open interest

Put-call 0.05

Call-side skew

Trend fit 0

Options are not fully confirming trend

Weekly backdrop -6.2%

RS -21.3

Expected move 5.7%
Put-call volume 0.05
Volume / OI 0.13
Reference IV 0.29
Max pain 560.00
Underlying 525.14
Nearest expiry 21 Aug 2026
Contracts 600

Research Brief

MLM has a bullish chain read with 53/100 evidence alignment.

The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 495.24–555.04; The largest call open-interest concentration is 620.00; the largest put concentration is 550.00. The most active strike by current volume is 580.00.

Priced range495.24–555.04
Call concentration620.00
Put concentration550.00
Max pain reference560.00
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 495.24 to 555.04. Max pain at 560.00 lies outside the priced range, so it is a weak near-term anchor.

Spot Max pain
495.24525.14 ± 29.90555.04
Confirmation level

A close beyond 555.04 or below 495.24 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 53/100

Evidence alignment, not probability

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

Directional pressure100 × 42%
+42.0

How strongly activity leans toward calls or puts.

Participation31 × 22%
+6.8

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

Trend agreement0 × 26%
+0.0

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

Volatility43 × 10%
+4.3

The intensity of implied volatility and the priced move.

Reconstructed score53.1Matches stored calculation

Positioning by Strike

Where open interest and current activity concentrate

Full strike map

The largest call open-interest concentration is 620.00; the largest put concentration is 550.00. The most active strike by current volume is 580.00. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.

Put open interestStrikeCall open interest
11
500.00-4.8%
55
28
520.00-1.0%
5
20
530.000.9%
3
62
540.002.8%
13
111
550.004.7%
21
11
560.006.6%
9
49
570.008.5%
82
4
580.0010.4%
22
9
590.0012.4%
12
3
600.0014.3%
43
31
610.0016.2%
14
1
620.0018.1%
130
0
630.0020.0%
24
0
640.0021.9%
16
0
670.0027.6%
26
0
680.0029.5%
93
0
720.0037.1%
28
Nearest spot strike Max pain strikeBars show relative OI within this expiry

Volatility Curve

Balanced volatility curve

0.97× front/back

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

0.29 21 Aug 21d
0.29 18 Sep 49d
0.29 16 Oct 77d
0.31 20 Nov 112d
0.30 15 Jan 168d
0.30 17 Dec 504d

Volatility by Strike

Balanced wings

Nearest expiry, within 20% of spot

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

430
440
450
460
470
480
490
500
510
520
530
540
550
560
570
580
590
600
610
620
630
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

High

A100/100
Retained chain100%
Implied volatility100%
Two-sided quotes100%
Open interest100%
Chain status
Complete available chain
Market date
31 Jul 2026
Calculation
v2.0
Contracts
600 / 600
  • 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

67/100
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: $3.0M of estimated gross traded notional, calls · 91+ days · itm, 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+100
1W price-6.2%
Call premium97%
Put premium3%
Notional split C 97% / P 3% Estimated gross traded notional uses volume × contract multiplier × midpoint, or last price when no valid midpoint is available.
Freshness 0.13 Volume divided by open interest across the visible chain.
Trend fit 0/100 Agreement between options pressure and Sharemaestro market context.
Event window 6 Aug Matched earnings event is 4 days away.
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 · ITM
Calls · 91+ days · ITM calls cluster with 100 contracts traded, $1.3M estimated gross traded notional, and 44% of visible notional.
$1.3M
Calls · 91+ days · OTM calls cluster with 134 contracts traded, $906635 estimated gross traded notional, and 31% of visible notional.
$906635
Calls · 91+ days · ATM calls cluster with 90 contracts traded, $408600 estimated gross traded notional, and 14% of visible notional.
$408600
Calls · 46-90 days · OTM calls cluster with 301 contracts traded, $228705 estimated gross traded notional, and 8% of visible notional.
$228705
Puts · 8-21 days · ITM puts cluster with 6 contracts traded, $29035 estimated gross traded notional, and 1% of visible notional.
$29035

Setup Classification

Opportunity and risk frame

Context, not advice
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

-

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

Baseline: 3 completed sessions

Volume rank-
Volume/OI rank-
IV rank-

Market Context

Underlying confirmation

Sharemaestro weekly
Close525.14
1W-6.2%
RS-21.3
Fair value-4.8%
Options pressure100
Speculation31
Volatility43
Trend fit0

Today Versus Normal

Stored-options context

View history
Expected move 5.7% history building
30d avg - · 3/10 sessions -
90d avg - · 3/30 sessions -
180d avg - · 3/60 sessions -
IV 0.29 history building
30d avg - · 3/10 sessions -
90d avg - · 3/30 sessions -
180d avg - · 3/60 sessions -
Put-call 0.05 history building
30d avg - · 3/10 sessions -
90d avg - · 3/30 sessions -
180d avg - · 3/60 sessions -
Volume/OI 0.13 history building
30d avg - · 3/10 sessions -
90d avg - · 3/30 sessions -
180d avg - · 3/60 sessions -

Pressure Trail

Recent pressure and volatility

Open trail
29 Jul 10:12 Bearish
Pressure -54
Move 9.0%
30 Jul 05:14 Bullish
Pressure 100
Move 7.6%
31 Jul 13:22 Bullish
Pressure 25
Move 6.5%
31 Jul 22:47 Bullish
Pressure 69
Move 7.1%
1 Aug 16:18 Bullish
Pressure 100
Move 5.7%

Strike Map

Where activity is clustering

Full strike map
Strike380.00
Calls · V 0 · OI 1
Puts · V 0 · OI 1
Strike390.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike400.00
Calls · V 0 · OI 0
Puts · V 0 · OI 4
Strike410.00
Calls · V 0 · OI 0
Puts · V 0 · OI 1
Strike420.00
Calls · V 0 · OI 2
Puts · V 0 · OI 1
Strike430.00
Calls · V 0 · OI 2
Puts · V 0 · OI 12
Strike440.00
Calls · V 0 · OI 0
Puts · V 0 · OI 10
Strike450.00
Calls · V 0 · OI 2
Puts · V 0 · OI 1

Term Structure

Expiration activity

Volume and IV
Expiry21 Aug 2026
Contracts98
Avg IV0.29
Put-call0.09
Expiry18 Sep 2026
Contracts58
Avg IV0.29
Put-call0.04
Expiry16 Oct 2026
Contracts106
Avg IV0.29
Put-call0.01
Expiry20 Nov 2026
Contracts114
Avg IV0.31
Put-call-
Expiry15 Jan 2027
Contracts108
Avg IV0.30
Put-call0.09

Skew

Call/put IV balance

OTM demand
21 Aug 2026Balanced skew
Call IV0.28
Put IV0.28
Skew-
18 Sep 2026Balanced skew
Call IV0.28
Put IV0.30
Skew0.02
16 Oct 2026Balanced skew
Call IV0.28
Put IV0.30
Skew0.02
20 Nov 2026Balanced skew
Call IV0.28
Put IV0.31
Skew0.03
15 Jan 2027Balanced skew
Call IV0.29
Put IV0.32
Skew0.03

Contract Tape

Most active contracts

Full contract tape
ContractMLM260918C00590000
SideCall
Expiry18 Sep 2026
Strike590.00
Volume186
OI102
IV0.28
ContractMLM271217C00450000
SideCall
Expiry17 Dec 2027
Strike450.00
Volume100
OI100
IV0.32
ContractMLM261016C00560000
SideCall
Expiry16 Oct 2026
Strike560.00
Volume100
OI-
IV0.28
ContractMLM271217C00540000
SideCall
Expiry17 Dec 2027
Strike540.00
Volume100
OI-
IV0.30
ContractMLM270115C00530000
SideCall
Expiry15 Jan 2027
Strike530.00
Volume90
OI29
IV0.31
ContractMLM260821C00580000
SideCall
Expiry21 Aug 2026
Strike580.00
Volume77
OI22
IV0.26
ContractMLM270115C00540000
SideCall
Expiry15 Jan 2027
Strike540.00
Volume28
OI1028
IV0.30
ContractMLM260821C00560000
SideCall
Expiry21 Aug 2026
Strike560.00
Volume16
OI9
IV0.26