Primary read
Volatility
Volatility expansion watch
Ticker Options Intelligence
ETON options intelligence
Eton Pharmaceuticals Inc options pressure, expected move, strike concentration, and Sharemaestro trend context.
Conviction
67
Market data through 29 Jul 2026
Checked 30 Jul 2026 02:06 · complete available chain
Volatility expansion watch
Volatility pressure
ETON currently carries volatility options pressure with a 67/100 conviction score. The nearest-chain expected move is 19.4%, with volume/open-interest participation at 0.06.
Expected move
19.4%
Wider near-term move priced
Activity / OI
0.06
Current volume is quieter versus prior open interest
Put-call
0.04
Call-side skew
Trend fit
30
Options are not fully confirming trend
Weekly backdrop
+0.6%
RS 80.0
Expected move
19.4%
Put-call volume
0.04
Volume / OI
0.06
Reference IV
0.77
Max pain
30.00
Underlying
42.59
Nearest expiry
21 Aug 2026
Contracts
126
Options Intent Radar
Earnings/event positioning
Options activity is concentrated around a live event window, so the cleanest read is event positioning rather than pure direction.
Options are pricing movement more than direction; compare expected move with the stock's actual weekly change.
Earnings/event positioning matters because it connects the options headline to the actual evidence: $120838 of estimated gross traded notional, calls · 22-45 days · otm, and a volatility flow versus price backdrop. Use it as a research priority signal, then validate the chart, liquidity, event calendar, and risk before acting.
Options pressure+96
1W price+0.6%
Call premium99%
Put premium1%
Notional split
C 99% / P 1%
Estimated gross traded notional uses volume × contract multiplier × midpoint, or last price when no valid midpoint is available.
Freshness
0.06
Volume divided by open interest across the visible chain.
Trend fit
30/100
Agreement between options pressure and Sharemaestro market context.
Event window
6 Aug
Matched earnings event is 7 days away.
Aggregate chain data does not identify trade aggressor or opening versus closing activity; call/put concentration is not proof of market direction.
Calls · 22-45 days · OTM
calls cluster with 304 contracts traded, $89140 estimated gross traded notional, and 74% of visible notional.
$89140
Calls · 91+ days · ITM
calls cluster with 7 contracts traded, $20805 estimated gross traded notional, and 17% of visible notional.
$20805
Calls · 22-45 days · ITM
calls cluster with 3 contracts traded, $5125 estimated gross traded notional, and 4% of visible notional.
$5125
Calls · 91+ days · OTM
calls cluster with 2 contracts traded, $1530 estimated gross traded notional, and 1% of visible notional.
$1530
Calls · 46-90 days · OTM
calls cluster with 3 contracts traded, $1508 estimated gross traded notional, and 1% of visible notional.
$1508
Setup Classification
Opportunity and risk frame
The tape is pricing or displaying unusually elevated activity.
Expected move or upcoming earnings makes the setup more event-sensitive.
Options positioning is not confirming the underlying trend context.
Activity Anomaly
Normal range
Activity is broadly in line with recent stored snapshots.
Volume rank0th
Volume/OI rank0th
IV rank100th
Market Context
Underlying confirmation
Close42.59
1W+0.6%
RS80.0
Fair value+233.7%
Options pressure96
Speculation41
Volatility94
Trend fit30
Today Versus Normal
Stored-options context
30d avg 20.5% · 1 read
0th
90d avg 20.5% · 1 read
0th
180d avg 20.5% · 1 read
0th
30d avg 0.70 · 1 read
100th
90d avg 0.70 · 1 read
100th
180d avg 0.70 · 1 read
100th
30d avg 0.68 · 1 read
0th
90d avg 0.68 · 1 read
0th
180d avg 0.68 · 1 read
0th
30d avg 0.56 · 1 read
0th
90d avg 0.56 · 1 read
0th
180d avg 0.56 · 1 read
0th
Pressure Trail
Recent pressure and volatility
29 Jul 11:17
Volatility
Pressure 21
Move 20.5%
30 Jul 01:06
Volatility
Pressure 96
Move 19.4%
Strike Map
Where activity is clustering
Strike2.50
Calls · V 0 · OI 4
Puts · V 0 · OI 0
Strike5.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike7.50
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike10.00
Calls · V 0 · OI 1
Puts · V 0 · OI 1
Strike12.50
Calls · V 0 · OI 2
Puts · V 0 · OI 1
Strike15.00
Calls · V 0 · OI 75
Puts · V 0 · OI 958
Strike17.50
Calls · V 0 · OI 5
Puts · V 0 · OI 52
Strike20.00
Calls · V 0 · OI 8
Puts · V 0 · OI 20
Term Structure
Expiration activity
Expiry21 Aug 2026
Contracts38
Avg IV0.77
Put-call0.04
Expiry18 Sep 2026
Contracts24
Avg IV0.70
Put-call-
Expiry20 Nov 2026
Contracts38
Avg IV0.73
Put-call-
Expiry19 Feb 2027
Contracts26
Avg IV0.74
Put-call-
Skew
Call/put IV balance
21 Aug 2026Call IV premium
Call IV0.66
Put IV0.32
Skew-0.34
18 Sep 2026Call IV premium
Call IV0.79
Put IV0.73
Skew-0.06
20 Nov 2026Put IV premium
Call IV0.68
Put IV0.75
Skew0.07
19 Feb 2027Put IV premium
Call IV0.67
Put IV0.74
Skew0.07
Contract Tape
Most active contracts
ContractETON260821C00050000
SideCall
Expiry21 Aug 2026
Strike50.00
Volume250
OI510
IV0.84
ContractETON260821C00055000
SideCall
Expiry21 Aug 2026
Strike55.00
Volume52
OI1
IV0.66
ContractETON260821P00040000
SidePut
Expiry21 Aug 2026
Strike40.00
Volume10
OI23
IV0.32
ContractETON270219C00020000
SideCall
Expiry19 Feb 2027
Strike20.00
Volume4
OI4
IV0.70
ContractETON261120C00017500
SideCall
Expiry20 Nov 2026
Strike17.50
Volume3
OI8
IV0.91
ContractETON260821C00045000
SideCall
Expiry21 Aug 2026
Strike45.00
Volume2
OI574
IV0.88
ContractETON261120C00050000
SideCall
Expiry20 Nov 2026
Strike50.00
Volume2
OI260
IV0.77
ContractETON260821C00030000
SideCall
Expiry21 Aug 2026
Strike30.00
Volume2
OI55
IV1.30
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
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.