Ticker Options Intelligence

PLRX options intelligence

Pliant Therapeutics Inc options pressure, expected move, strike concentration, and Sharemaestro trend context.

Conviction 42 Market data through 31 Jul 2026 Checked 1 Aug 2026 00:18 · complete available chain

Put-side pressure

Bearish pressure

PLRX currently carries bearish options pressure with a 42/100 conviction score. The nearest-chain expected move is 33.0%, with volume/open-interest participation at 0.05.

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

Put-side pressure

Expected move 33.0%

Wider near-term move priced

Activity / OI 0.05

Current volume is quieter versus prior open interest

Put-call 1.20

Balanced tape

Trend fit 86

Options agree with trend context

Weekly backdrop -4.6%

RS -29.7

Expected move 33.0%
Put-call volume 1.20
Volume / OI 0.05
Reference IV 1.16
Max pain 1.00
Underlying 1.09
Nearest expiry 16 Oct 2026
Contracts 9

Research Brief

PLRX has a bearish chain read with 42/100 evidence alignment.

The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 0.73–1.45; The largest call open-interest concentration is 1.00; the largest put concentration is 1.00. The most active strike by current volume is 0.50.

Priced range0.73–1.45
Call concentration1.00
Put concentration1.00
Max pain reference1.00
What would confirm it
  • Price remains weak while put-side concentration persists.
  • The current chain read already agrees with the stored weekly trend context.
What would weaken it
  • Price recovers while put pressure fades or reverses toward calls.
  • Front-expiry volatility is rich, so the signal may be event-driven and vulnerable to volatility compression.

Priced Move

Where the chain says movement becomes exceptional

Size, not direction · through 16 Oct

Options imply 0.73 to 1.45. Max pain at 1.00 sits inside that range, 8.3% below spot.

Spot Max pain
0.731.09 ± 0.361.45
Confirmation level

A close beyond 1.45 or below 0.73 at the 16 Oct 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 42/100

Evidence alignment, not probability

Pressure is 21/100 toward puts; conviction uses its strength, while the signal label carries its direction.

Directional pressure21 × 42%
+8.8

How strongly activity leans toward calls or puts.

Participation3 × 22%
+0.7

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

Trend agreement86 × 26%
+22.5

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

Volatility96 × 10%
+9.6

The intensity of implied volatility and the priced move.

Reconstructed score41.5Matches stored calculation

Positioning by Strike

Where open interest and current activity concentrate

Full strike map

The largest call open-interest concentration is 1.00; the largest put concentration is 1.00. The most active strike by current volume is 0.50. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.

Put open interestStrikeCall open interest
0
0.50-54.1%
0
2150
1.00-8.3%
66
0
1.5037.6%
11
0
2.50129.4%
36
0
5.00358.7%
10
0
7.50588.1%
0
Nearest spot strike Max pain strikeBars show relative OI within this expiry

Volatility Curve

Front-loaded volatility

1.16× front/back

Near-term options are materially richer than later expirations, consistent with concentrated event or immediate-risk pricing.

1.16 16 Oct 77d
1.00 15 Jan 168d

Volatility by Strike

Smile incomplete

Nearest expiry, within 20% of spot

There is not enough comparable OTM call and put volatility to classify the smile.

1
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 16 Oct 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

A92/100
Retained chain100%
Implied volatility100%
Two-sided quotes100%
Open interest100%
Chain status
Complete available chain
Market date
31 Jul 2026
Calculation
v2.0
Contracts
9 / 9
  • 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

82/100
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 Bearish flow confirms price

Options pressure and weekly price action are both cautionary.

Why this matters

Earnings/event positioning matters because it connects the options headline to the actual evidence: $1246 of estimated gross traded notional, calls · 46-90 days · itm, and a bearish flow confirms price backdrop. Use it as a research priority signal, then validate the chart, liquidity, event calendar, and risk before acting.

Options pressure-21
1W price-4.6%
Call premium60%
Put premium40%
Notional split C 60% / P 40% Estimated gross traded notional uses volume × contract multiplier × midpoint, or last price when no valid midpoint is available.
Freshness 0.05 Volume divided by open interest across the visible chain.
Trend fit 86/100 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.
Conviction clusters Calls · 46-90 days · ITM
Calls · 46-90 days · ITM calls cluster with 19 contracts traded, $625 estimated gross traded notional, and 50% of visible notional.
$625
Puts · 46-90 days · OTM puts cluster with 67 contracts traded, $497 estimated gross traded notional, and 40% of visible notional.
$497
Calls · 46-90 days · OTM calls cluster with 7 contracts traded, $64 estimated gross traded notional, and 5% of visible notional.
$64
Calls · 91+ days · OTM calls cluster with 30 contracts traded, $60 estimated gross traded notional, and 5% of visible notional.
$60

Setup Classification

Opportunity and risk frame

Context, not advice
Positive Options-confirmed trend

Positioning agrees with the Sharemaestro trend backdrop.

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.

Warning Bearish pressure under fair value

Put pressure is building after the stock has already moved below fair value.

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
Close1.04
1W-4.6%
RS-29.7
Fair value-86.8%
Options pressure-21
Speculation3
Volatility96
Trend fit86

Today Versus Normal

Stored-options context

View history
Expected move 33.0% history building
30d avg - · 3/10 sessions -
90d avg - · 3/30 sessions -
180d avg - · 3/60 sessions -
IV 1.16 history building
30d avg - · 3/10 sessions -
90d avg - · 3/30 sessions -
180d avg - · 3/60 sessions -
Put-call 1.20 history building
30d avg - · 1/10 sessions -
90d avg - · 1/30 sessions -
180d avg - · 1/60 sessions -
Volume/OI 0.05 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 11:47 Mixed
Pressure -12
Move 60.7%
30 Jul 11:24 Mixed
Pressure -12
Move 70.8%
30 Jul 15:08 Bearish
Pressure -21
Move 33.0%
30 Jul 15:46 Bearish
Pressure -21
Move 33.0%
31 Jul 16:44 Bearish
Pressure -21
Move 32.1%
31 Jul 18:08 Bearish
Pressure -21
Move 32.1%
31 Jul 23:18 Bearish
Pressure -21
Move 33.0%

Strike Map

Where activity is clustering

Full strike map
Strike0.50
Calls · V 3 · OI 0
Puts · V 40 · OI 0
Strike1.00
Calls · V 16 · OI 66
Puts · V 27 · OI 2150
Strike1.50
Calls · V 1 · OI 11
Puts · V 0 · OI 0
Strike2.50
Calls · V 5 · OI 36
Puts · V 0 · OI 0
Strike5.00
Calls · V 1 · OI 10
Puts · V 0 · OI 0
Strike7.50
Calls · V 0 · OI 0
Puts · V 0 · OI 0

Term Structure

Expiration activity

Volume and IV
Expiry16 Oct 2026
Contracts8
Avg IV1.16
Put-call2.58
Expiry15 Jan 2027
Contracts1
Avg IV1.00
Put-call-

Skew

Call/put IV balance

OTM demand
16 Oct 2026Call IV premium
Call IV1.45
Put IV0.50
Skew-0.95
15 Jan 2027Incomplete skew
Call IV1.00
Put IV-
Skew-

Contract Tape

Most active contracts

Full contract tape
ContractPLRX261016C00007500
SideCall
Expiry16 Oct 2026
Strike7.50
Volume-
OI-
IV0.50
ContractPLRX261016P00000500
SidePut
Expiry16 Oct 2026
Strike0.50
Volume40
OI-
IV0.50
ContractPLRX270115C00002500
SideCall
Expiry15 Jan 2027
Strike2.50
Volume30
OI300
IV1.00
ContractPLRX261016P00001000
SidePut
Expiry16 Oct 2026
Strike1.00
Volume27
OI2150
IV0.50
ContractPLRX261016C00001000
SideCall
Expiry16 Oct 2026
Strike1.00
Volume16
OI66
IV2.72
ContractPLRX261016C00002500
SideCall
Expiry16 Oct 2026
Strike2.50
Volume5
OI36
IV1.48
ContractPLRX261016C00000500
SideCall
Expiry16 Oct 2026
Strike0.50
Volume3
OI-
IV0.00
ContractPLRX261016C00001500
SideCall
Expiry16 Oct 2026
Strike1.50
Volume1
OI11
IV1.45