Ticker Options Intelligence

IMMP options intelligence

Immutep Ltd ADR options pressure, expected move, strike concentration, and Sharemaestro trend context.

Conviction 74 Market data through 12 Aug 2026 Checked 13 Aug 2026 14:00 · complete available chain

Volatility expansion watch

Volatility pressure

IMMP currently carries volatility options pressure with a 74/100 conviction score. The nearest-chain expected move is 76.4%, with volume/open-interest participation at 0.02.

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

Volatility expansion watch

Expected move 76.4%

Wider near-term move priced

Activity / OI 0.02

Current volume is quieter versus prior open interest

Put-call -

Balanced tape

Trend fit 69

Options agree with trend context

Weekly backdrop +1.0%

RS -77.8

Expected move 76.4%
Put-call volume -
Volume / OI 0.02
Reference IV 4.87
Max pain 1.50
Underlying 0.39
Nearest expiry 21 Aug 2026
Contracts 56

Research Brief

IMMP has a volatility chain read with 74/100 evidence alignment.

The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 0.09–0.68; The largest call open-interest concentration is 1.50; the largest put concentration is 0.50. The most active strike by current volume is 5.00.

Priced range0.09–0.68
Call concentration1.50
Put concentration0.50
Max pain reference1.50
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 0.09 to 0.68. Max pain at 1.50 lies outside the priced range, so it is a weak near-term anchor.

Spot Max pain
0.090.39 ± 0.290.68
Confirmation level

A close beyond 0.68 or below 0.09 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 74/100

Evidence alignment, not probability

Pressure is 89/100 toward puts; conviction uses its strength, while the signal label carries its direction.

Directional pressure89 × 42%
+37.2

How strongly activity leans toward calls or puts.

Participation40 × 22%
+8.9

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

Trend agreement69 × 26%
+17.9

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 score73.6Matches stored calculation

Positioning by Strike

Where open interest and current activity concentrate

Full strike map

The largest call open-interest concentration is 1.50; the largest put concentration is 0.50. The most active strike by current volume is 5.00. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.

Put open interestStrikeCall open interest
47
0.5029.6%
17
14
1.00159.2%
18
6
1.50288.8%
115
7
2.00418.4%
82
29
2.50548.0%
101
3
5.001196.0%
52
9
7.501844.0%
0
Nearest spot strike Max pain strikeBars show relative OI within this expiry

Gamma Profile by Strike

Positive gamma proxy

Reported Greeks · 90% 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+$292Delta change / 1% move
Positive peak1.00+$136
Negative peak-No negative strike
Nearest balance-Interpolated sign change
StrikeNegativePositiveNet / 1% move
0.5029.6%
+$47
1.00159.2%
+$136
1.50288.8%
+$24
2.00418.4%
+$12
2.50548.0%
+$33
5.001196.0%
+$27
7.501844.0%
+$13
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

2.63× front/back

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

4.87 21 Aug 9d
3.86 18 Sep 37d
2.04 16 Oct 65d
1.85 15 Jan 156d

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.

Comparable strike volatility is unavailable.

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

A97/100
Retained chain100%
Implied volatility100%
Two-sided quotes100%
Open interest100%
Chain status
Complete available chain
Market date
12 Aug 2026
Calculation
v2.0
Contracts
56 / 56
  • 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

Volatility expansion bet

92/100
Primary intent Volatility expansion bet

The strongest message is movement risk: expected move and implied volatility are carrying more signal than direction.

Flow vs price divergence Volatility flow versus price

Options are pricing movement more than direction; compare expected move with the stock's actual weekly change.

Why this matters

Volatility expansion bet matters because it connects the options headline to the actual evidence: $29,988 of estimated gross traded notional, puts · 8-21 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-89
1W price+1.0%
Call premium0%
Put premium100%
Notional split C 0% / P 100% Estimated gross traded notional uses volume × contract multiplier × midpoint, or last price when no valid midpoint is available.
Freshness 0.02 Volume divided by open interest across the visible chain.
Trend fit 69/100 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.
Conviction clusters Puts · 8-21 days · ITM
Puts · 8-21 days · ITM puts cluster with 53 contracts traded, $21,965 estimated gross traded notional, and 73% of visible notional.
$21,965
Puts · 22-45 days · ITM puts cluster with 17 contracts traded, $8,022 estimated gross traded notional, and 27% of visible notional.
$8,022

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.

Activity Anomaly

Normal range

53

Activity is broadly in line with recent stored snapshots.

Baseline: 10 completed sessions

Volume rank30th
Volume/OI rank30th
IV rank100th

Market Context

Underlying confirmation

Sharemaestro weekly
Close0.39
1W+1.0%
RS-77.8
Fair value-79.6%
Options pressure-89
Speculation40
Volatility96
Trend fit69

Today Versus Normal

Stored-options context

View history
Expected move 76.4% muted
30d avg 79.6% · 10 sessions 0th
90d avg - · 10/30 sessions -
180d avg - · 10/60 sessions -
IV 4.87 elevated
30d avg 3.03 · 10 sessions 100th
90d avg - · 10/30 sessions -
180d avg - · 10/60 sessions -
Put-call - history building
30d avg 0.97 · 10 sessions -
90d avg - · 10/30 sessions -
180d avg - · 10/60 sessions -
Volume/OI 0.02 near normal
30d avg 0.04 · 10 sessions 30th
90d avg - · 10/30 sessions -
180d avg - · 10/60 sessions -

Pressure Trail

Recent pressure and volatility

Open trail
29 Jul 11:47 Volatility
Pressure 100
Move 79.2%
30 Jul 11:25 Mixed
Pressure -8
Move 78.0%
30 Jul 15:31 Bullish
Pressure 19
Move 91.0%
30 Jul 15:46 Bullish
Pressure 22
Move 91.0%
1 Aug 09:17 Mixed
Pressure -8
Move 78.0%
2 Aug 10:45 Mixed
Pressure -8
Move 78.5%
4 Aug 10:24 Mixed
Pressure -17
Move 78.5%
4 Aug 22:06 Bullish
Pressure 61
Move 78.5%

Strike Map

Where activity is clustering

Full strike map
Strike0.50
Calls · V 0 · OI 17
Puts · V 0 · OI 47
Strike1.00
Calls · V 0 · OI 18
Puts · V 0 · OI 14
Strike1.50
Calls · V 0 · OI 115
Puts · V 8 · OI 6
Strike2.00
Calls · V 0 · OI 82
Puts · V 0 · OI 7
Strike2.50
Calls · V 0 · OI 101
Puts · V 10 · OI 29
Strike5.00
Calls · V 0 · OI 52
Puts · V 32 · OI 3
Strike7.50
Calls · V 0 · OI 0
Puts · V 3 · OI 9

Term Structure

Expiration activity

Volume and IV
Expiry21 Aug 2026
Contracts14
Avg IV4.87
Put-call-
Expiry18 Sep 2026
Contracts14
Avg IV3.86
Put-call-
Expiry16 Oct 2026
Contracts14
Avg IV2.04
Put-call-
Expiry15 Jan 2027
Contracts14
Avg IV1.85
Put-call-

Skew

Call/put IV balance

OTM demand
21 Aug 2026Incomplete skew
Call IV1.71
Put IV-
Skew-
18 Sep 2026Incomplete skew
Call IV0.84
Put IV-
Skew-
16 Oct 2026Incomplete skew
Call IV1.47
Put IV-
Skew-
15 Jan 2027Incomplete skew
Call IV0.94
Put IV-
Skew-

Contract Tape

Most active contracts

Full contract tape
ContractIMMP260821P00005000
SidePut
Expiry21 Aug 2026
Strike5.00
Volume32
OI3
IV10.00
ContractIMMP260821P00002500
SidePut
Expiry21 Aug 2026
Strike2.50
Volume10
OI29
IV10.00
ContractIMMP260821P00001500
SidePut
Expiry21 Aug 2026
Strike1.50
Volume8
OI6
IV10.00
ContractIMMP260918P00002500
SidePut
Expiry18 Sep 2026
Strike2.50
Volume7
OI-
IV10.00
ContractIMMP260918P00005000
SidePut
Expiry18 Sep 2026
Strike5.00
Volume7
OI-
IV10.00
ContractIMMP260821P00007500
SidePut
Expiry21 Aug 2026
Strike7.50
Volume3
OI9
IV10.00
ContractIMMP260918P00007500
SidePut
Expiry18 Sep 2026
Strike7.50
Volume3
OI3
IV10.00
ContractIMMP261016C00001000
SideCall
Expiry16 Oct 2026
Strike1.00
Volume-
OI1157
IV1.47

Evidence context