Ticker Options Intelligence

VRDN options intelligence

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

Conviction 60 Market data through 31 Jul 2026 Checked 1 Aug 2026 08:57 · complete available chain

Put-side pressure

Bearish pressure

VRDN currently carries bearish options pressure with a 60/100 conviction score. The nearest-chain expected move is 6.5%, with volume/open-interest participation at 0.01.

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

Put-side pressure

Expected move 6.5%

Wider near-term move priced

Activity / OI 0.01

Current volume is quieter versus prior open interest

Put-call 6.44

Put-side skew

Trend fit 57

Options are not fully confirming trend

Weekly backdrop -1.8%

RS -25.9

Expected move 6.5%
Put-call volume 6.44
Volume / OI 0.01
Reference IV 0.27
Max pain 19.00
Underlying 19.27
Nearest expiry 21 Aug 2026
Contracts 200

Research Brief

VRDN has a bearish chain read with 60/100 evidence alignment.

The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 18.02–20.52; The largest call open-interest concentration is 20.00; the largest put concentration is 18.00. The most active strike by current volume is 8.00.

Priced range18.02–20.52
Call concentration20.00
Put concentration18.00
Max pain reference19.00
What would confirm it
  • Price remains weak while put-side concentration persists.
What would weaken it
  • Price recovers while put pressure fades or reverses toward calls.
  • 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 18.02 to 20.52. Max pain at 19.00 sits inside that range, 1.4% below spot.

Spot Max pain
18.0219.27 ± 1.2520.52
Confirmation level

A close beyond 20.52 or below 18.02 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 60/100

Evidence alignment, not probability

Pressure is 85/100 toward puts; conviction uses its strength, while the signal label carries its direction.

Directional pressure85 × 42%
+35.8

How strongly activity leans toward calls or puts.

Participation21 × 22%
+4.6

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

Trend agreement57 × 26%
+14.7

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

Volatility45 × 10%
+4.5

The intensity of implied volatility and the priced move.

Reconstructed score59.6Matches stored calculation

Positioning by Strike

Where open interest and current activity concentrate

Full strike map

The largest call open-interest concentration is 20.00; the largest put concentration is 18.00. The most active strike by current volume is 8.00. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.

Put open interestStrikeCall open interest
0
8.00-58.5%
0
0
9.00-53.3%
0
75
10.00-48.1%
0
2
12.00-37.7%
1
1
13.00-32.5%
0
15
14.00-27.3%
20
20
15.00-22.2%
6
39
16.00-17.0%
0
141
17.00-11.8%
18
225
18.00-6.6%
32
13
19.00-1.4%
303
179
20.003.8%
332
0
21.009.0%
101
0
22.0014.2%
11
0
23.0019.4%
2
0
24.0024.5%
7
0
25.0029.7%
36
Nearest spot strike Max pain strikeBars show relative OI within this expiry

Volatility Curve

Back-loaded volatility

0.42× front/back

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

0.27 21 Aug 21d
0.77 18 Sep 49d
0.82 16 Oct 77d
0.65 15 Jan 168d

Volatility by Strike

Downside protection premium

Nearest expiry, within 20% of spot

Out-of-the-money puts carry higher implied volatility than comparable calls, indicating richer downside protection.

16
17
18
19
20
21
22
23
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

High

A100/100
Retained chain100%
Implied volatility100%
Two-sided quotes100%
Open interest100%
Chain status
Complete available chain
Market date
31 Jul 2026
Calculation
v2.0
Contracts
200 / 200
  • 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

74/100
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 Bearish flow confirms price

Options pressure and weekly price action are both cautionary.

Why this matters

Earnings/event positioning matters because it connects the options headline to the actual evidence: $11516 of estimated gross traded notional, puts · 91+ days · otm, and a bearish flow confirms price backdrop. Use it as a research priority signal, then validate the chart, liquidity, event calendar, and risk before acting.

Options pressure-85
1W price-1.8%
Call premium30%
Put premium70%
Notional split C 30% / P 70% Estimated gross traded notional uses volume × contract multiplier × midpoint, or last price when no valid midpoint is available.
Freshness 0.01 Volume divided by open interest across the visible chain.
Trend fit 57/100 Agreement between options pressure and Sharemaestro market context.
Event window 5 Aug Matched earnings event is 3 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 Puts · 91+ days · OTM
Puts · 91+ days · OTM puts cluster with 40 contracts traded, $5428 estimated gross traded notional, and 47% of visible notional.
$5428
Puts · 46-90 days · ITM puts cluster with 4 contracts traded, $2550 estimated gross traded notional, and 22% of visible notional.
$2550
Calls · 46-90 days · ITM calls cluster with 5 contracts traded, $2500 estimated gross traded notional, and 22% of visible notional.
$2500
Calls · 46-90 days · OTM calls cluster with 4 contracts traded, $912 estimated gross traded notional, and 8% of visible notional.
$912
Puts · 8-21 days · OTM puts cluster with 14 contracts traded, $126 estimated gross traded notional, and 1% of visible notional.
$126

Setup Classification

Opportunity and risk frame

Context, not advice
Warning Event-risk setup

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

Warning Crowded strike risk

Underlying price is close to the max-pain zone.

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
Close18.92
1W-1.8%
RS-25.9
Fair value-0.3%
Options pressure-85
Speculation21
Volatility45
Trend fit57

Today Versus Normal

Stored-options context

View history
Expected move 6.5% history building
30d avg - · 3/10 sessions -
90d avg - · 3/30 sessions -
180d avg - · 3/60 sessions -
IV 0.27 history building
30d avg - · 3/10 sessions -
90d avg - · 3/30 sessions -
180d avg - · 3/60 sessions -
Put-call 6.44 history building
30d avg - · 2/10 sessions -
90d avg - · 2/30 sessions -
180d avg - · 2/60 sessions -
Volume/OI 0.01 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 11:01 Bullish
Pressure 55
Move 13.4%
30 Jul 10:50 Bullish
Pressure 81
Move 5.2%
31 Jul 11:48 Bearish
Pressure -100
Move 6.0%
1 Aug 07:57 Bearish
Pressure -85
Move 6.5%

Strike Map

Where activity is clustering

Full strike map
Strike8.00
Calls · V 0 · OI 0
Puts · V 14 · OI 0
Strike9.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike10.00
Calls · V 0 · OI 0
Puts · V 0 · OI 75
Strike11.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike12.00
Calls · V 0 · OI 1
Puts · V 0 · OI 2
Strike13.00
Calls · V 0 · OI 0
Puts · V 0 · OI 1
Strike14.00
Calls · V 0 · OI 20
Puts · V 0 · OI 15
Strike15.00
Calls · V 0 · OI 6
Puts · V 0 · OI 20

Term Structure

Expiration activity

Volume and IV
Expiry21 Aug 2026
Contracts44
Avg IV0.27
Put-call-
Expiry18 Sep 2026
Contracts38
Avg IV0.77
Put-call0.67
Expiry16 Oct 2026
Contracts76
Avg IV0.82
Put-call-
Expiry15 Jan 2027
Contracts42
Avg IV0.65
Put-call-

Skew

Call/put IV balance

OTM demand
21 Aug 2026Put IV premium
Call IV0.13
Put IV0.65
Skew0.52
18 Sep 2026Put IV premium
Call IV0.67
Put IV0.91
Skew0.24
16 Oct 2026Put IV premium
Call IV0.15
Put IV0.89
Skew0.74
15 Jan 2027Put IV premium
Call IV0.80
Put IV0.87
Skew0.08

Contract Tape

Most active contracts

Full contract tape
ContractVRDN270115P00014000
SidePut
Expiry15 Jan 2027
Strike14.00
Volume36
OI14
IV0.74
ContractVRDN260821P00008000
SidePut
Expiry21 Aug 2026
Strike8.00
Volume14
OI-
IV1.47
ContractVRDN261016C00015000
SideCall
Expiry16 Oct 2026
Strike15.00
Volume3
OI125
IV1.12
ContractVRDN270115P00016000
SidePut
Expiry15 Jan 2027
Strike16.00
Volume3
OI11
IV0.87
ContractVRDN260918C00021000
SideCall
Expiry18 Sep 2026
Strike21.00
Volume2
OI3
IV1.21
ContractVRDN260918C00017000
SideCall
Expiry18 Sep 2026
Strike17.00
Volume2
OI2
IV1.03
ContractVRDN260918C00020000
SideCall
Expiry18 Sep 2026
Strike20.00
Volume1
OI14
IV0.67
ContractVRDN270115P00015000
SidePut
Expiry15 Jan 2027
Strike15.00
Volume1
OI8
IV0.17