Ticker Options Intelligence

CYTK options intelligence

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

Conviction 49 Market data through 30 Jul 2026 Checked 31 Jul 2026 11:12 · complete available chain

Volatility expansion watch

Volatility pressure

CYTK currently carries volatility options pressure with a 49/100 conviction score. The nearest-chain expected move is 9.4%, 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 Volatility

Volatility expansion watch

Expected move 9.4%

Wider near-term move priced

Activity / OI 0.00

Current volume is quieter versus prior open interest

Put-call 0.07

Call-side skew

Trend fit 2

Options are not fully confirming trend

Weekly backdrop -4.5%

RS 11.4

Expected move 9.4%
Put-call volume 0.07
Volume / OI 0.00
Reference IV 0.51
Max pain 80.00
Underlying 80.74
Nearest expiry 21 Aug 2026
Contracts 276

Research Brief

CYTK has a volatility chain read with 49/100 evidence alignment.

The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 73.16–88.32; The largest call open-interest concentration is 85.00; the largest put concentration is 80.00. The most active strike by current volume is 85.00.

Priced range73.16–88.32
Call concentration85.00
Put concentration80.00
Max pain reference80.00
What would confirm it
  • A clear directional pressure reading develops and price begins to agree.
What would weaken it
  • Volatility falls and the chain remains directionally mixed.
  • 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 73.16 to 88.32. Max pain at 80.00 sits inside that range, 0.9% below spot.

Spot Max pain
73.1680.74 ± 7.5888.32
Confirmation level

A close beyond 88.32 or below 73.16 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 49/100

Evidence alignment, not probability

Pressure is 97/100 toward calls; conviction uses its strength, while the signal label carries its direction.

Directional pressure97 × 42%
+40.5

How strongly activity leans toward calls or puts.

Participation1 × 22%
+0.2

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

Trend agreement2 × 26%
+0.6

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

Volatility73 × 10%
+7.3

The intensity of implied volatility and the priced move.

Reconstructed score48.6Matches stored calculation

Positioning by Strike

Where open interest and current activity concentrate

Full strike map

The largest call open-interest concentration is 85.00; the largest put concentration is 80.00. The most active strike by current volume is 85.00. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.

Put open interestStrikeCall open interest
21
35.00-56.7%
1
64
40.00-50.5%
3
65
45.00-44.3%
8
36
50.00-38.1%
1
35
55.00-31.9%
295
1188
60.00-25.7%
153
286
65.00-19.5%
77
465
70.00-13.3%
48
102
75.00-7.1%
1108
1755
80.00-0.9%
482
654
85.005.3%
5739
15
90.0011.5%
3592
0
95.0017.7%
435
26
100.0023.9%
1470
0
105.0030.0%
103
0
110.0036.2%
76
0
115.0042.4%
1199
Nearest spot strike Max pain strikeBars show relative OI within this expiry

Volatility Curve

Back-loaded volatility

0.82× front/back

Longer-dated options carry more implied volatility than the front expiry, so risk is priced farther out.

0.51 21 Aug 22d
0.53 18 Sep 50d
0.53 20 Nov 113d
0.63 15 Jan 169d
0.58 19 Feb 204d
0.63 21 Jan 540d
0.62 15 Dec 869d

Volatility by Strike

Balanced wings

Nearest expiry, within 20% of spot

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

65
70
75
80
85
90
95
Put IV Call IV

Historical Replay

How matured reads behaved through expiry

0 directional observations

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
  • Versioned calculationv2 observations only
  • Independent entryone read per market session
  • Point-in-time referencerequired at entry
  • Matched expiry closereported only after maturity

Only v2 snapshots with a point-in-time market reference are eligible. Each observation uses one read per market session and the first weekly close on or immediately after expiry. 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
30 Jul 2026
Calculation
v2.0
Contracts
276 / 276
  • 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

Earnings/event positioning

84/100
Primary intent Earnings/event positioning

Options activity is concentrated around a live event window, so the cleanest read is event positioning rather than pure 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

Earnings/event positioning matters because it connects the options headline to the actual evidence: $90548 of estimated gross traded notional, calls · 91+ 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+97
1W price-4.5%
Call premium96%
Put premium4%
Notional split C 96% / P 4% 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 2/100 Agreement between options pressure and Sharemaestro market context.
Event window 6 Aug Matched earnings event is 5 days away.
Aggregate chain data does not identify trade aggressor or opening versus closing activity; call/put concentration is not proof of market direction.
Conviction clusters Calls · 91+ days · OTM
Calls · 91+ days · OTM calls cluster with 47 contracts traded, $46634 estimated gross traded notional, and 52% of visible notional.
$46634
Calls · 91+ days · ITM calls cluster with 11 contracts traded, $19140 estimated gross traded notional, and 21% of visible notional.
$19140
Calls · 8-21 days · OTM calls cluster with 69 contracts traded, $10925 estimated gross traded notional, and 12% of visible notional.
$10925
Calls · 91+ days · ATM calls cluster with 5 contracts traded, $7300 estimated gross traded notional, and 8% of visible notional.
$7300
Puts · 8-21 days · ATM puts cluster with 10 contracts traded, $3875 estimated gross traded notional, and 4% of visible notional.
$3875

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.

Negative Options disagreement

Options positioning is not confirming the underlying trend context.

Warning Crowded strike risk

Underlying price is close to the max-pain zone.

Activity Anomaly

Warming up

-

2 of 10 completed market sessions are available. More session history is needed before activity can be compared with a reliable normal.

Baseline: 2 completed sessions

Volume rank-
Volume/OI rank-
IV rank-

Market Context

Underlying confirmation

Sharemaestro weekly
Close77.13
1W-4.5%
RS11.4
Fair value+41.6%
Options pressure97
Speculation1
Volatility73
Trend fit2

Today Versus Normal

Stored-options context

View history
Expected move 9.4% history building
30d avg - · 2/10 sessions -
90d avg - · 2/30 sessions -
180d avg - · 2/60 sessions -
IV 0.51 history building
30d avg - · 2/10 sessions -
90d avg - · 2/30 sessions -
180d avg - · 2/60 sessions -
Put-call 0.07 history building
30d avg - · 2/10 sessions -
90d avg - · 2/30 sessions -
180d avg - · 2/60 sessions -
Volume/OI 0.00 history building
30d avg - · 2/10 sessions -
90d avg - · 2/30 sessions -
180d avg - · 2/60 sessions -

Pressure Trail

Recent pressure and volatility

Open trail
29 Jul 10:27 Bullish
Pressure 91
Move 8.8%
30 Jul 10:23 Volatility
Pressure 18
Move 10.3%
31 Jul 10:12 Volatility
Pressure 97
Move 9.4%

Strike Map

Where activity is clustering

Full strike map
Strike30.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike35.00
Calls · V 0 · OI 1
Puts · V 0 · OI 21
Strike40.00
Calls · V 0 · OI 3
Puts · V 0 · OI 64
Strike45.00
Calls · V 0 · OI 8
Puts · V 0 · OI 65
Strike50.00
Calls · V 0 · OI 1
Puts · V 0 · OI 36
Strike55.00
Calls · V 0 · OI 295
Puts · V 0 · OI 35
Strike60.00
Calls · V 0 · OI 153
Puts · V 0 · OI 1188
Strike65.00
Calls · V 0 · OI 77
Puts · V 0 · OI 286

Term Structure

Expiration activity

Volume and IV
Expiry21 Aug 2026
Contracts40
Avg IV0.51
Put-call0.14
Expiry18 Sep 2026
Contracts36
Avg IV0.53
Put-call-
Expiry20 Nov 2026
Contracts40
Avg IV0.53
Put-call-
Expiry15 Jan 2027
Contracts48
Avg IV0.63
Put-call-
Expiry19 Feb 2027
Contracts36
Avg IV0.58
Put-call-

Skew

Call/put IV balance

OTM demand
21 Aug 2026Put IV premium
Call IV0.47
Put IV0.55
Skew0.08
18 Sep 2026Balanced skew
Call IV0.54
Put IV0.54
Skew-
20 Nov 2026Call IV premium
Call IV0.53
Put IV0.47
Skew-0.06
15 Jan 2027Balanced skew
Call IV0.59
Put IV0.60
Skew0.01
19 Feb 2027Balanced skew
Call IV0.56
Put IV0.56
Skew-

Contract Tape

Most active contracts

Full contract tape
ContractCYTK260821C00085000
SideCall
Expiry21 Aug 2026
Strike85.00
Volume38
OI5739
IV0.49
ContractCYTK260821C00090000
SideCall
Expiry21 Aug 2026
Strike90.00
Volume26
OI3592
IV0.47
ContractCYTK270115C00075000
SideCall
Expiry15 Jan 2027
Strike75.00
Volume11
OI1763
IV0.67
ContractCYTK260821P00080000
SidePut
Expiry21 Aug 2026
Strike80.00
Volume10
OI1755
IV0.53
ContractCYTK280121C00120000
SideCall
Expiry21 Jan 2028
Strike120.00
Volume10
OI1721
IV0.60
ContractCYTK261120C00085000
SideCall
Expiry20 Nov 2026
Strike85.00
Volume10
OI96
IV0.52
ContractCYTK270115C00085000
SideCall
Expiry15 Jan 2027
Strike85.00
Volume9
OI1201
IV0.66
ContractCYTK270115C00080000
SideCall
Expiry15 Jan 2027
Strike80.00
Volume5
OI18360
IV0.64