Ticker Options Intelligence

VCEL options intelligence

Vericel Corp Ord options pressure, expected move, strike concentration, and Sharemaestro trend context.

Conviction 40 Market data through 11 Aug 2026 Checked 12 Aug 2026 14:21 · complete available chain

Call-side pressure

Bullish pressure

VCEL currently carries bullish options pressure with a 40/100 conviction score. The nearest-chain expected move is 11.3%, with volume/open-interest participation at 0.00.

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

Call-side pressure

Expected move 11.3%

Wider near-term move priced

Activity / OI 0.00

Current volume is quieter versus prior open interest

Put-call 0.50

Call-side skew

Trend fit 54

Options are not fully confirming trend

Weekly backdrop -1.9%

RS 7.2

Expected move 11.3%
Put-call volume 0.50
Volume / OI 0.00
Reference IV 0.50
Max pain 45.00
Underlying 45.09
Nearest expiry 21 Aug 2026
Contracts 96

Research Brief

VCEL has a bullish chain read with 40/100 evidence alignment.

The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 39.99–50.19; The largest call open-interest concentration is 45.00; the largest put concentration is 40.00. The most active strike by current volume is 20.00.

Priced range39.99–50.19
Call concentration45.00
Put concentration40.00
Max pain reference45.00
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 39.99 to 50.19. Max pain at 45.00 sits inside that range, 0.2% below spot.

Spot Max pain
39.9945.09 ± 5.1050.19
Confirmation level

A close beyond 50.19 or below 39.99 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 40/100

Evidence alignment, not probability

Pressure is 43/100 toward calls; conviction uses its strength, while the signal label carries its direction.

Directional pressure43 × 42%
+18.0

How strongly activity leans toward calls or puts.

Participation0 × 22%
+0.1

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

Trend agreement54 × 26%
+14.0

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

Volatility75 × 10%
+7.5

The intensity of implied volatility and the priced move.

Reconstructed score39.6Matches stored calculation

Positioning by Strike

Where open interest and current activity concentrate

Full strike map

The largest call open-interest concentration is 45.00; the largest put concentration is 40.00. The most active strike by current volume is 20.00. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.

Put open interestStrikeCall open interest
0
20.00-55.6%
0
0
22.50-50.1%
0
0
25.00-44.6%
0
0
30.00-33.5%
0
0
35.00-22.4%
0
5
40.00-11.3%
1
1
45.00-0.2%
602
1
50.0010.9%
37
0
55.0022.0%
6
0
60.0033.1%
2
Nearest spot strike Max pain strikeBars show relative OI within this expiry

Gamma Profile by Strike

Positive gamma proxy

Reported Greeks · 100% coverage

Call-side gamma sensitivity outweighs the put-side proxy across the retained chain. The largest bars mark levels where delta-hedging sensitivity may be most concentrated.

Net profile+$75,957Delta change / 1% move
Positive peak45.00+$70,116
Negative peak22.50-$231
Nearest balance29.19Interpolated sign change
StrikeNegativePositiveNet / 1% move
15.00-66.7%
-$1
17.50-61.2%
-$28
20.00-55.6%
-$40
22.50-50.1%
-$231
25.00-44.6%
-$154
30.00-33.5%
+$30
35.00-22.4%
+$1,985
40.00-11.3%
+$1,217
45.00-0.2%
+$70,116
50.0010.9%
+$2,343
55.0022.0%
+$641
60.0033.1%
+$79
Positive call-side proxy Negative put-side proxyHighlighted row is nearest spot strike

Scenario proxy = gamma × open interest × 100 shares × spot² × 1%. Calls are positive and puts negative by convention. Missing Greeks use a Black-Scholes estimate from stored IV with zero rate and dividend assumptions. Open interest does not reveal who is long or short, so this is not observed dealer positioning or a forecast.

Volatility Curve

Balanced volatility curve

0.98× front/back

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

0.50 21 Aug 10d
0.39 18 Sep 38d
0.48 16 Oct 66d
0.51 15 Jan 157d

Volatility by Strike

Balanced wings

Nearest expiry, within 20% of spot

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

40
45
50
Put IV Call IV

Historical Replay

How matured reads behaved through expiry

0 matured · 0 directional

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
  • 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

Usable with limits

C69/100
Retained chain100%
Implied volatility100%
Two-sided quotes100%
Open interest100%
Chain status
Complete available chain
Market date
11 Aug 2026
Calculation
v2.0
Contracts
96 / 96
  • 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

54/100
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: $2,535 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+43
1W price-1.9%
Call premium90%
Put premium10%
Notional split C 90% / P 10% Estimated gross traded notional uses volume × contract multiplier × midpoint, or last price when no valid midpoint is available.
Freshness 0.00 Volume divided by open interest across the visible chain.
Trend fit 54/100 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 · ITM
Calls · 91+ days · ITM calls cluster with 1 contracts traded, $1,245 estimated gross traded notional, and 49% of visible notional.
$1,245
Calls · 46-90 days · ITM calls cluster with 1 contracts traded, $1,035 estimated gross traded notional, and 41% of visible notional.
$1,035
Puts · 91+ days · OTM puts cluster with 1 contracts traded, $255 estimated gross traded notional, and 10% of visible notional.
$255

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.

Warning Crowded strike risk

Underlying price is close to the max-pain zone.

Activity Anomaly

Normal range

30

Activity is broadly in line with recent stored snapshots.

Baseline: 10 completed sessions

Volume rank20th
Volume/OI rank20th
IV rank50th

Market Context

Underlying confirmation

Sharemaestro weekly
Close45.09
1W-1.9%
RS7.2
Fair value+7.7%
Options pressure43
Speculation0
Volatility75
Trend fit54

Today Versus Normal

Stored-options context

View history
Expected move 11.3% near normal
30d avg 12.4% · 10 sessions 30th
90d avg - · 10/30 sessions -
180d avg - · 10/60 sessions -
IV 0.50 near normal
30d avg 0.60 · 10 sessions 50th
90d avg - · 10/30 sessions -
180d avg - · 10/60 sessions -
Put-call 0.50 history building
30d avg - · 9/10 sessions -
90d avg - · 9/30 sessions -
180d avg - · 9/60 sessions -
Volume/OI 0.00 muted
30d avg 0.34 · 10 sessions 20th
90d avg - · 10/30 sessions -
180d avg - · 10/60 sessions -

Pressure Trail

Recent pressure and volatility

Open trail
29 Jul 11:03 Mixed
Pressure -18
Move 13.9%
30 Jul 10:52 Volatility
Pressure 100
Move 16.0%
31 Jul 13:16 Bullish
Pressure 60
Move 12.0%
31 Jul 16:01 Volatility
Pressure 100
Move 15.9%
31 Jul 16:30 Volatility
Pressure 100
Move 16.8%
1 Aug 04:42 Volatility
Pressure 100
Move 13.4%
3 Aug 12:39 Volatility
Pressure 100
Move 13.1%
4 Aug 11:04 Volatility
Pressure 100
Move 12.2%

Strike Map

Where activity is clustering

Full strike map
Strike20.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike22.50
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike25.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike30.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike35.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike40.00
Calls · V 0 · OI 1
Puts · V 0 · OI 5
Strike45.00
Calls · V 0 · OI 602
Puts · V 0 · OI 1
Strike50.00
Calls · V 0 · OI 37
Puts · V 0 · OI 1

Term Structure

Expiration activity

Volume and IV
Expiry21 Aug 2026
Contracts20
Avg IV0.50
Put-call-
Expiry18 Sep 2026
Contracts22
Avg IV0.39
Put-call-
Expiry16 Oct 2026
Contracts28
Avg IV0.48
Put-call-
Expiry15 Jan 2027
Contracts26
Avg IV0.51
Put-call1.00

Skew

Call/put IV balance

OTM demand
21 Aug 2026Call IV premium
Call IV2.38
Put IV0.29
Skew-2.09
18 Sep 2026Balanced skew
Call IV0.16
Put IV0.15
Skew-0.01
16 Oct 2026Balanced skew
Call IV0.60
Put IV0.63
Skew0.03
15 Jan 2027Put IV premium
Call IV0.63
Put IV0.72
Skew0.09

Contract Tape

Most active contracts

Full contract tape
ContractVCEL261016C00035000
SideCall
Expiry16 Oct 2026
Strike35.00
Volume1
OI36
IV0.57
ContractVCEL270115P00022500
SidePut
Expiry15 Jan 2027
Strike22.50
Volume1
OI20
IV1.22
ContractVCEL270115C00035000
SideCall
Expiry15 Jan 2027
Strike35.00
Volume1
OI19
IV0.62
ContractVCEL260821C00045000
SideCall
Expiry21 Aug 2026
Strike45.00
Volume-
OI602
IV0.96
ContractVCEL260821C00050000
SideCall
Expiry21 Aug 2026
Strike50.00
Volume-
OI37
IV0.32
ContractVCEL270115C00050000
SideCall
Expiry15 Jan 2027
Strike50.00
Volume-
OI22
IV0.49
ContractVCEL261016P00020000
SidePut
Expiry16 Oct 2026
Strike20.00
Volume-
OI22
IV0.71
ContractVCEL261016P00022500
SidePut
Expiry16 Oct 2026
Strike22.50
Volume-
OI20
IV0.61

Evidence context