Ticker Options Intelligence

AVNS options intelligence

Avanos Medical Inc options pressure, expected move, strike concentration, and Sharemaestro trend context.

Conviction 32 Market data through 31 Jul 2026 Checked 2 Aug 2026 07:35 · complete available chain

Options-market disagreement

Mixed pressure

AVNS currently carries mixed options pressure with a 32/100 conviction score. The nearest-chain expected move is 0.2%, with volume/open-interest participation at 0.03.

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

Options-market disagreement

Expected move 0.2%

Near-term move context

Activity / OI 0.03

Current volume is quieter versus prior open interest

Put-call 1.78

Put-side skew

Trend fit 71

Options agree with trend context

Weekly backdrop +0.1%

RS 47.3

Expected move 0.2%
Put-call volume 1.78
Volume / OI 0.03
Reference IV 0.08
Max pain 22.50
Underlying 24.99
Nearest expiry 21 Aug 2026
Contracts 23

Research Brief

AVNS has a mixed chain read with 32/100 evidence alignment.

The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 24.93–25.05; The largest call open-interest concentration is 25.00; the largest put concentration is 20.00. The most active strike by current volume is 25.00.

Priced range24.93–25.05
Call concentration25.00
Put concentration20.00
Max pain reference22.50
What would confirm it
  • A clear directional pressure reading develops and price begins to agree.
  • The current chain read already agrees with the stored weekly trend context.
What would weaken it
  • Volatility falls and the chain remains directionally mixed.
  • 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 21 Aug

Options imply 24.93 to 25.05. Max pain at 22.50 lies outside the priced range, so it is a weak near-term anchor.

Spot Max pain
24.9324.99 ± 0.0625.05
Confirmation level

A close beyond 25.05 or below 24.93 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 32/100

Evidence alignment, not probability

Pressure is 17/100 toward puts; conviction uses its strength, while the signal label carries its direction.

Directional pressure17 × 42%
+7.1

How strongly activity leans toward calls or puts.

Participation25 × 22%
+5.4

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

Trend agreement71 × 26%
+18.6

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

Volatility6 × 10%
+0.6

The intensity of implied volatility and the priced move.

Reconstructed score31.7Matches stored calculation

Positioning by Strike

Where open interest and current activity concentrate

Full strike map

The largest call open-interest concentration is 25.00; the largest put concentration is 20.00. The most active strike by current volume is 25.00. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.

Put open interestStrikeCall open interest
35
20.00-20.0%
0
3
22.50-10.0%
113
10
25.000.0%
1971
Nearest spot strike Max pain strikeBars show relative OI within this expiry

Gamma Profile by Strike

Positive gamma proxy

Model-estimated Greeks · 68% 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+$43.9MDelta change / 1% move
Positive peak25.00+$43.9M
Negative peak17.50-$243
Nearest balance22.50Interpolated sign change
StrikeNegativePositiveNet / 1% move
10.00-60.0%
-$12
12.50-50.0%
-$46
15.00-40.0%
-$3
17.50-30.0%
-$243
20.00-20.0%
+$59
22.50-10.0%
-$2
25.000.0%
+$43.9M
30.0020.0%
+$787
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

Front-loaded volatility

150.93× front/back

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

0.08 21 Aug 21d
0.39 16 Oct 77d
0.00 15 Jan 168d
0.00 16 Apr 259d

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.

20
23
25
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

High

A94/100
Retained chain100%
Implied volatility100%
Two-sided quotes91%
Open interest100%
Chain status
Complete available chain
Market date
31 Jul 2026
Calculation
v2.0
Contracts
23 / 23
  • 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

63/100
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 No clean flow/price divergence

The options read is mixed, so divergence is not strong enough to classify.

Why this matters

Multi-expiry position-maintenance candidate matters because it connects the options headline to the actual evidence: $17,645 of estimated gross traded notional, calls · 46-90 days · itm, and a no clean flow/price divergence backdrop. Use it as a research priority signal, then validate the chart, liquidity, event calendar, and risk before acting.

Options pressure-17
1W price+0.1%
Call premium78%
Put premium22%
Notional split C 78% / P 22% Estimated gross traded notional uses volume × contract multiplier × midpoint, or last price when no valid midpoint is available.
Freshness 0.03 Volume divided by open interest across the visible chain.
Trend fit 71/100 Agreement between options pressure and Sharemaestro market context.
Event window 4 Aug Matched earnings event is 1 days away.
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 · 46-90 days · ITM
Calls · 46-90 days · ITM calls cluster with 13 contracts traded, $9,845 estimated gross traded notional, and 56% of visible notional.
$9,845
Calls · 8-21 days · ITM calls cluster with 15 contracts traded, $3,825 estimated gross traded notional, and 22% of visible notional.
$3,825
Puts · 46-90 days · ITM puts cluster with 2 contracts traded, $3,384 estimated gross traded notional, and 19% of visible notional.
$3,384
Puts · 91+ days · ATM puts cluster with 26 contracts traded, $230 estimated gross traded notional, and 1% of visible notional.
$230
Puts · 46-90 days · ATM puts cluster with 20 contracts traded, $200 estimated gross traded notional, and 1% of visible notional.
$200

Setup Classification

Opportunity and risk frame

Context, not advice
Positive Options-confirmed trend

Positioning agrees with the Sharemaestro trend backdrop.

Warning Event-risk setup

Expected move or upcoming earnings makes the setup more event-sensitive.

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
Close24.99
1W+0.1%
RS47.3
Fair value+41.3%
Options pressure-17
Speculation25
Volatility6
Trend fit71

Today Versus Normal

Stored-options context

View history
Expected move 0.2% history building
30d avg - · 3/10 sessions -
90d avg - · 3/30 sessions -
180d avg - · 3/60 sessions -
IV 0.08 history building
30d avg - · 3/10 sessions -
90d avg - · 3/30 sessions -
180d avg - · 3/60 sessions -
Put-call 1.78 history building
30d avg - · 3/10 sessions -
90d avg - · 3/30 sessions -
180d avg - · 3/60 sessions -
Volume/OI 0.03 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 11:11 Mixed
Pressure -7
Move 0.2%
30 Jul 10:57 Bearish
Pressure -40
Move 0.2%
2 Aug 06:35 Mixed
Pressure -17
Move 0.2%

Strike Map

Where activity is clustering

Full strike map
Strike20.00
Calls · V 0 · OI 0
Puts · V 10 · OI 35
Strike22.50
Calls · V 15 · OI 113
Puts · V 0 · OI 3
Strike25.00
Calls · V 11 · OI 1971
Puts · V 10 · OI 10

Term Structure

Expiration activity

Volume and IV
Expiry21 Aug 2026
Contracts5
Avg IV0.08
Put-call0.77
Expiry16 Oct 2026
Contracts14
Avg IV0.39
Put-call3.46
Expiry15 Jan 2027
Contracts2
Avg IV0.00
Put-call2.08
Expiry16 Apr 2027
Contracts2
Avg IV0.00
Put-call-

Skew

Call/put IV balance

OTM demand
21 Aug 2026Put IV premium
Call IV0.00
Put IV0.13
Skew0.12
16 Oct 2026Call IV premium
Call IV0.51
Put IV0.06
Skew-0.45
15 Jan 2027Incomplete skew
Call IV0.00
Put IV-
Skew-
16 Apr 2027Incomplete skew
Call IV0.00
Put IV-
Skew-

Contract Tape

Most active contracts

Full contract tape
ContractAVNS261016P00012500
SidePut
Expiry16 Oct 2026
Strike12.50
Volume-
OI24
IV0.68
ContractAVNS261016C00030000
SideCall
Expiry16 Oct 2026
Strike30.00
Volume-
OI23
IV0.51
ContractAVNS261016P00015000
SidePut
Expiry16 Oct 2026
Strike15.00
Volume-
OI12
IV0.52
ContractAVNS260918P00022500
SidePut
Expiry21 Aug 2026
Strike22.50
Volume-
OI3
IV0.13
ContractAVNS261016C00017500
SideCall
Expiry16 Oct 2026
Strike17.50
Volume-
OI1
IV1.42
ContractAVNS270416C00025000
SideCall
Expiry16 Apr 2027
Strike25.00
Volume-
OI1
IV0.00
ContractAVNS270115P00025000
SidePut
Expiry15 Jan 2027
Strike25.00
Volume25
OI26
IV0.00
ContractAVNS261016P00025000
SidePut
Expiry16 Oct 2026
Strike25.00
Volume20
OI35
IV0.00