Primary read
Volatility
Volatility expansion watch
Ticker Options Intelligence
AQST options intelligence
Aquestive Therapeutics Inc options pressure, expected move, strike concentration, and Sharemaestro trend context.
Conviction
49
Market data through 29 Jul 2026
Checked 30 Jul 2026 00:39 · complete available chain
Volatility expansion watch
Volatility pressure
AQST currently carries volatility options pressure with a 49/100 conviction score. The nearest-chain expected move is 26.5%, with volume/open-interest participation at 0.05.
Expected move
26.5%
Wider near-term move priced
Activity / OI
0.05
Current volume is quieter versus prior open interest
Put-call
1.97
Put-side skew
Trend fit
95
Options agree with trend context
Weekly backdrop
-10.7%
RS -28.9
Expected move
26.5%
Put-call volume
1.97
Volume / OI
0.05
Reference IV
2.00
Max pain
4.00
Underlying
3.68
Nearest expiry
21 Aug 2026
Contracts
51
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: $115824 of estimated gross traded notional, calls · 22-45 days · itm, 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-31
1W price-10.7%
Call premium70%
Put premium30%
Notional split
C 70% / P 30%
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
95/100
Agreement between options pressure and Sharemaestro market context.
Event window
10 Aug
Matched earnings event is 11 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 · ITM
calls cluster with 153 contracts traded, $32760 estimated gross traded notional, and 28% of visible notional.
$32760
Calls · 46-90 days · ITM
calls cluster with 200 contracts traded, $17000 estimated gross traded notional, and 15% of visible notional.
$17000
Puts · 91+ days · ITM
puts cluster with 48 contracts traded, $15950 estimated gross traded notional, and 14% of visible notional.
$15950
Calls · 91+ days · ITM
calls cluster with 107 contracts traded, $15278 estimated gross traded notional, and 13% of visible notional.
$15278
Puts · 22-45 days · ITM
puts cluster with 165 contracts traded, $11250 estimated gross traded notional, and 10% of visible notional.
$11250
Setup Classification
Opportunity and risk frame
Positioning agrees with the Sharemaestro trend backdrop.
The tape is pricing or displaying unusually elevated activity.
Expected move or upcoming earnings makes the setup more event-sensitive.
Activity Anomaly
High anomaly
Current options activity is unusually hot versus this ticker's stored history.
Volume rank100th
Volume/OI rank100th
IV rank100th
Market Context
Underlying confirmation
Close3.68
1W-10.7%
RS-28.9
Fair value-0.2%
Options pressure-31
Speculation9
Volatility96
Trend fit95
Today Versus Normal
Stored-options context
30d avg 19.7% · 1 read
100th
90d avg 19.7% · 1 read
100th
180d avg 19.7% · 1 read
100th
30d avg 1.10 · 1 read
100th
90d avg 1.10 · 1 read
100th
180d avg 1.10 · 1 read
100th
30d avg 0.25 · 1 read
100th
90d avg 0.25 · 1 read
100th
180d avg 0.25 · 1 read
100th
30d avg 0.03 · 1 read
100th
90d avg 0.03 · 1 read
100th
180d avg 0.03 · 1 read
100th
Pressure Trail
Recent pressure and volatility
29 Jul 11:26
Volatility
Pressure 62
Move 19.7%
29 Jul 23:39
Volatility
Pressure -31
Move 26.5%
Strike Map
Where activity is clustering
Strike1.00
Calls · V 42 · OI 869
Puts · V 1400 · OI 1865
Strike2.00
Calls · V 102 · OI 172
Puts · V 250 · OI 10376
Strike3.00
Calls · V 9 · OI 1242
Puts · V 16 · OI 596
Strike4.00
Calls · V 93 · OI 5900
Puts · V 158 · OI 15032
Strike5.00
Calls · V 25 · OI 5444
Puts · V 3 · OI 634
Strike6.00
Calls · V 7 · OI 7456
Puts · V 2 · OI 0
Strike7.00
Calls · V 1 · OI 1511
Puts · V 2 · OI 17
Strike8.00
Calls · V 1 · OI 751
Puts · V 0 · OI 1
Term Structure
Expiration activity
Expiry21 Aug 2026
Contracts20
Avg IV2.00
Put-call3.71
Expiry18 Sep 2026
Contracts4
Avg IV1.50
Put-call0.00
Expiry20 Nov 2026
Contracts16
Avg IV1.73
Put-call0.38
Expiry19 Feb 2027
Contracts11
Avg IV1.43
Put-call0.03
Skew
Call/put IV balance
21 Aug 2026Call IV premium
Call IV1.43
Put IV1.13
Skew-0.30
18 Sep 2026Incomplete skew
Call IV1.13
Put IV-
Skew-
20 Nov 2026Call IV premium
Call IV2.11
Put IV0.86
Skew-1.24
19 Feb 2027Put IV premium
Call IV1.90
Put IV3.21
Skew1.31
Contract Tape
Most active contracts
ContractAQST261120P00008000
SidePut
Expiry20 Nov 2026
Strike8.00
Volume-
OI10
IV1.65
ContractAQST270219P00005000
SidePut
Expiry19 Feb 2027
Strike5.00
Volume-
OI1
IV1.03
ContractAQST270219P00002000
SidePut
Expiry19 Feb 2027
Strike2.00
Volume-
OI1
IV3.21
ContractAQST270219C00010000
SideCall
Expiry19 Feb 2027
Strike10.00
Volume-
OI1
IV3.21
ContractAQST260821P00008000
SidePut
Expiry21 Aug 2026
Strike8.00
Volume-
OI1
IV0.50
ContractAQST260918C00002000
SideCall
Expiry18 Sep 2026
Strike2.00
Volume-
OI1
IV3.21
ContractAQST261120C00010000
SideCall
Expiry20 Nov 2026
Strike10.00
Volume-
OI1
IV1.57
ContractAQST260821P00010000
SidePut
Expiry21 Aug 2026
Strike10.00
Volume-
OI-
IV3.77
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.