Primary read
Bullish
Call-side pressure
Ticker Options Intelligence
NRXS options intelligence
NRXS options pressure, expected move, strike concentration, and Sharemaestro trend context.
Conviction
59
Market data through 17 Sep 2026
Checked 18 Sep 2026 12:08 · complete available chain
Call-side pressure
Bullish pressure
NRXS currently carries bullish options pressure with a 59/100 conviction score. The nearest-chain expected move is unavailable, with volume/open-interest participation at 0.67.
Expected move
-
Near-term move context
Activity / OI
0.67
Current volume is elevated versus prior open interest
Put-call
0.00
Call-side skew
Trend fit
0
Options are not fully confirming trend
Weekly backdrop
-
Sharemaestro weekly context
Expected move
-
Put-call volume
0.00
Volume / OI
0.67
Reference IV
4.51
Max pain
7.50
Underlying
-
Nearest expiry
18 Sep 2026
Contracts
50
Research Brief
NRXS has a bullish chain read with 59/100 evidence alignment.
The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of not available; The largest call open-interest concentration is 7.50; the largest put concentration is 5.00. The most active strike by current volume is 10.00.
Priced rangenot available
Call concentration7.50
Put concentration5.00
Max pain reference7.50
- Price holds or improves while call-side concentration remains elevated.
- Participation is above the ticker's stored normal, which makes the read more noteworthy.
- 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
A matched underlying price and expected move are required to build the implied range.
Score Construction
Why conviction is 59/100
Pressure is 98/100 toward calls; conviction uses its strength, while the signal label carries its direction.
Directional pressure98 × 42%
+41.3
How strongly activity leans toward calls or puts.
Participation56 × 22%
+12.2
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.
Volatility56 × 10%
+5.6
The intensity of implied volatility and the priced move.
Positioning by Strike
Where open interest and current activity concentrate
The largest call open-interest concentration is 7.50; the largest put concentration is 5.00. The most active strike by current volume is 10.00. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.
Put open interestStrikeCall open interest
0
2.50
0
150
5.00
1
20
7.50
19
0
10.00
0
0
12.50
0
Nearest spot strike Max pain strikeBars show relative OI within this expiry
Gamma Profile by Strike
Gamma profile unavailable
A matched underlying price is required to estimate gamma exposure by strike.
Gamma exposure will appear when the retained chain has usable open interest plus reported gamma or implied volatility.
Volatility Curve
Insufficient term structure
At least two expirations with usable near-the-money implied volatility are required.
-
18 Sep
1d
-
16 Oct
29d
-
20 Nov
64d
-
19 Feb
155d
-
21 May
246d
Volatility by Strike
A matched underlying price is required for strike-relative volatility analysis.
Comparable strike volatility is unavailable.
Put IV Call IV
Historical Replay
How matured reads behaved through expiry
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
- Auditable calculationoriginal version retained
- Independent entryone read per market session
- Point-in-time referencerequired at entry
- Matched expiry closereported only after maturity
Eligible snapshots must have a dated market session, stored signal, and point-in-time market reference. Each observation uses one read per market session and the first stored weekly close on or immediately after expiry; its original calculation version is retained. It is an evidence audit, not an executable strategy or evidence of future performance.
Evidence Quality
Limited
Retained chain100%
Implied volatility100%
Two-sided quotes100%
Open interest100%
- Chain status
- Complete available chain
- Market date
- 17 Sep 2026
- Calculation
- v2.0
- Contracts
- 50 / 50
- No matched underlying price; price-relative measures are unavailable.
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
Call activity against legacy put OI
Call activity is dominant while put open interest remains large but current put volume is not leading.
Call-side pressure is building before a meaningful weekly price response.
Call activity against legacy put OI matters because it connects the options headline to the actual evidence: $57,850 of estimated gross traded notional, calls · 46-90 days · unpriced, and a bullish flow before price confirmation backdrop. Use it as a research priority signal, then validate the chart, liquidity, event calendar, and risk before acting.
Options pressure+98
1W price-
Call premium100%
Put premium0%
Notional split
C 100% / P 0%
Estimated gross traded notional uses volume × contract multiplier × midpoint, or last price when no valid midpoint is available.
Freshness
0.67
Volume divided by open interest across the visible chain.
Trend fit
0/100
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.
Do not infer a hedge unwind without next-session open-interest changes and opening/closing data.
Calls · 46-90 days · Unpriced
calls cluster with 1000 contracts traded, $45,000 estimated gross traded notional, and 78% of visible notional.
$45,000
Calls · 91+ days · Unpriced
calls cluster with 123 contracts traded, $9,325 estimated gross traded notional, and 16% of visible notional.
$9,325
Calls · 22-45 days · Unpriced
calls cluster with 40 contracts traded, $2,850 estimated gross traded notional, and 5% of visible notional.
$2,850
Calls · 0-7 days · Unpriced
calls cluster with 30 contracts traded, $490 estimated gross traded notional, and 1% of visible notional.
$490
Puts · 22-45 days · Unpriced
puts cluster with 3 contracts traded, $180 estimated gross traded notional, and 0% of visible notional.
$180
Setup Classification
Opportunity and risk frame
Participation is active enough to treat follow-through risk carefully.
The tape is pricing or displaying unusually elevated activity.
Options positioning is not confirming the underlying trend context.
Activity Anomaly
High anomaly
Current options activity is unusually hot versus this ticker's stored history.
Baseline: 10 completed sessions
Volume rank100th
Volume/OI rank-
IV rank100th
Market Context
Underlying confirmation
Close-
1W-
RS-
Fair value-
Options pressure98
Speculation56
Volatility56
Trend fit0
Today Versus Normal
Stored-options context
30d avg - · 0/10 sessions
-
90d avg - · 0/30 sessions
-
180d avg - · 0/60 sessions
-
30d avg - · 6/10 sessions
-
90d avg - · 10/30 sessions
-
180d avg - · 10/60 sessions
-
30d avg - · 3/10 sessions
-
90d avg - · 3/30 sessions
-
180d avg - · 3/60 sessions
-
30d avg - · 6/10 sessions
-
90d avg - · 6/30 sessions
-
180d avg - · 6/60 sessions
-
Pressure Trail
Recent pressure and volatility
31 Jul 13:02
Mixed
Pressure 0
Move -
3 Aug 11:45
Mixed
Pressure 0
Move -
4 Aug 13:02
Mixed
Pressure 0
Move -
5 Aug 13:25
Mixed
Pressure 0
Move -
1 Sep 10:25
Mixed
Pressure 7
Move -
3 Sep 11:43
Bullish
Pressure 100
Move -
8 Sep 11:24
Bullish
Pressure 100
Move -
10 Sep 12:00
Mixed
Pressure 9
Move -
Strike Map
Where activity is clustering
Strike2.50
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike5.00
Calls · V 0 · OI 1
Puts · V 0 · OI 150
Strike7.50
Calls · V 10 · OI 19
Puts · V 0 · OI 20
Strike10.00
Calls · V 20 · OI 0
Puts · V 0 · OI 0
Strike12.50
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Term Structure
Expiration activity
Expiry18 Sep 2026
Contracts10
Avg IV-
Put-call-
Expiry16 Oct 2026
Contracts10
Avg IV-
Put-call0.08
Expiry20 Nov 2026
Contracts10
Avg IV-
Put-call0.00
Expiry19 Feb 2027
Contracts10
Avg IV-
Put-call-
Expiry21 May 2027
Contracts10
Avg IV-
Put-call-
Skew
Call/put IV balance
Skew context is warming up for this ticker.
Contract Tape
Most active contracts
ContractNRXS261120C00010000
SideCall
Expiry20 Nov 2026
Strike10.00
Volume1000
OI1
IV0.88
ContractNRXS270219C00012500
SideCall
Expiry19 Feb 2027
Strike12.50
Volume61
OI7
IV0.78
ContractNRXS270521C00012500
SideCall
Expiry21 May 2027
Strike12.50
Volume40
OI-
IV0.26
ContractNRXS261016C00007500
SideCall
Expiry16 Oct 2026
Strike7.50
Volume31
OI33
IV0.88
ContractNRXS270219C00007500
SideCall
Expiry19 Feb 2027
Strike7.50
Volume20
OI74
IV0.78
ContractNRXS260918C00010000
SideCall
Expiry18 Sep 2026
Strike10.00
Volume20
OI-
IV2.58
ContractNRXS260918C00007500
SideCall
Expiry18 Sep 2026
Strike7.50
Volume10
OI19
IV0.01
ContractNRXS261016C00010000
SideCall
Expiry16 Oct 2026
Strike10.00
Volume9
OI5
IV1.16
Research Graph
Related research and context
Sharemaestro research
Related News
No recent ticker-specific news yet.
Market Watch
No recent market-watch posts yet.
Earnings
No upcoming matched earnings event.
Plain English Guide
Options context
What usually looks constructive
What usually looks cautious
Options can move quickly and can lose value fast. Treat this as research context, not a buy or sell instruction.