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MTRNMaterion Corporation

Options Analysis Report•METAL FORGINGS & STAMPINGS
Market Cap $5.0B|NYSE
● 2026-08-31$237.74
BEARISH
Analysis: 2026-08-28 EOD data
1Y +115.3%YTD +85.0%7D +3.4%
7
30D
±14.0%
19%

MTRN Options Overview

IV is elevated with bearish flow. No clear edge detected.

REWARDS

RISK ANALYSIS

4.0VALUESENTIMENTACTIVITYLIQUIDITYTIMING

Snowflake Analysis

Favorable conditions for premium sellers

Learn
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MTRN Gamma Walls

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Value

Is IV priced right?

5.7
ExpensiveCheap

Measures whether options are cheap, fair, or rich relative to historical and peer

levels.

Risk Checks5/9 checks passed
≤35%

IV Rank 79.4% — elevated vs history

<1.05x

IV/HV 0.46x — IV ≤ HV

Sector Relative≤50%

Sector percentile 72% — above sector median

<1.1x

Front/Back 0.87x — contango

<1.25x

Put/Call IV 1.16x — elevated

<80%

ATM IV 53.7% — normal range

<80%

Effective IV 110.9% (ATM 53.7% + spread 28.6% + bias) — expensive

<3.0%

Total drag 46.65% (spread 28.60% + slippage 18.05%) — high friction

≥5.0

Vega efficiency 7.96 (vega 22.773 / spread 28.60%) — efficient

Sentiment

Bullish or bearish?

3.1
BearishBullish

Analyzes

,
, and flow direction to determine market bias.

Risk ChecksVery Bearish - Strong signal (Conviction: -37%, Raw: -43%)
|net sentiment| ≥25%

Conviction-weighted: -37% (strong bearish) — Raw: -43%

≥15%

|OI skew| 53.2% — call-heavy

Same sign, |vol skew| ≥10%

Vol skew -42.9%, OI skew +53.2% — divergent (opposite)

≥2/3 conditions

0-DTE 0%, far-OTM 15%, avg DTE 30

|change| ≥3%

OI change +0.0% (5d) — stable

|weighted flow| ≥20%

ITM: +0%, ATM: +100%, OTM: -67% — strong bullish (ITM/ATM divergent)

Sector Relative≤40% or ≥60%

Sector P/C percentile 91% — very bearish vs sector

Activity

Unusual activity?

2.3
QuietActive

Detects volume surges,

, and unusual options activity that may signal moves.

Risk Checks1/8 checks passed
≥1.5x

Volume 0.1x avg — normal

≥15%

Vol/OI 0.4% — normal turnover

≥2 days

1 day(s) elevated — may be one-day event

≥5%

OI change +1.8% (5d) — stable

Sector Relative≥60%

Sector activity percentile 11% — quiet vs sector

≥30%

Large trade volume 0% — mostly retail

≥60%

Aggressive execution 40% — patient

≥30

Conviction -37 (bearish) — moderate

Liquidity

Can I trade efficiently?

1.8
IlliquidLiquid

Evaluates

, volume depth, and open interest for trade execution quality.

Risk Checks0/8 checks passed
≤5.0%

Spread 28.6% — wide

≥10,000

OI 1,835 — thin

≥500

Volume 7/day — thin

≤$0.50

$1.43 to cross — expensive

≥5 strikes

0 liquid strikes — limited options

Sector Relative≤40%

Sector spread percentile 85% — much wider than sector

≥100 contracts

Depth 6.6 contracts (bid:4.8 ask:1.8) — thin

<1.0%

Avg slippage 18.05% — poor

Timing

Is now a good time?

6.9
RiskyFavorable

Considers earnings proximity,

, and event calendar for optimal entry timing.

Risk Checks7/9 checks passed
|slope| ≥5%

Slope -13.3% — contango

<30 or >70

IV percentile 79% — seller opportunity

≥10pts kink

IV kink -5.8pts — no clear event

<0.5 or >2.0

θ/ν ratio 82.01 — favors income trades

≥3 expirations

3 liquid expirations — flexible

≥60% (safe)

safe window: No events detected

<1.2 ratio

Spread ratio 1.00x — stable

≥25% strength + ≥50% consistency

Flow -37% @ 60% consistency — moderate (bearish)

≥40 composite score

Score 30 (ITM 20% + inst 0%) — retail dominated

Directional Strategy Fit

Option Buyers
Long Calls4.4
bullishIV fair, bearish flow
Long Puts6.8
bearishIV fair, bearish flow
Premium Sellers
Cash-Secured Put3.8
bullishIV fair, bearish flow
Covered Call5.1
bearishIV fair, bearish flow

For educational purposes only. Not investment advice.

The Options Desk tracks the move options price into every US earnings report the week of Aug 31, next to how much each stock has actually moved on its past prints — plus the SPY, QQQ and IWM expected ranges and the gamma walls that box them in.

More on MTRN

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