Ticker Options Intelligence

BMEA options intelligence

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

Conviction 54 Market data through 31 Jul 2026 Checked 2 Aug 2026 10:57 · complete available chain

Volatility expansion watch

Volatility pressure

BMEA currently carries volatility options pressure with a 54/100 conviction score. The nearest-chain expected move is 42.7%, 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 42.7%

Wider near-term move priced

Activity / OI 0.00

Current volume is quieter versus prior open interest

Put-call 4.61

Put-side skew

Trend fit 82

Options agree with trend context

Weekly backdrop -6.4%

RS -27.4

Expected move 42.7%
Put-call volume 4.61
Volume / OI 0.00
Reference IV 2.03
Max pain 1.50
Underlying 1.17
Nearest expiry 21 Aug 2026
Contracts 66

Research Brief

BMEA has a volatility chain read with 54/100 evidence alignment.

The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 0.67–1.67; The largest call open-interest concentration is 1.50; the largest put concentration is 1.00. The most active strike by current volume is 1.00.

Priced range0.67–1.67
Call concentration1.50
Put concentration1.00
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 0.67 to 1.67. Max pain at 1.50 sits inside that range, 28.2% above spot.

Spot Max pain
0.671.17 ± 0.501.67
Confirmation level

A close beyond 1.67 or below 0.67 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 54/100

Evidence alignment, not probability

Pressure is 53/100 toward puts; conviction uses its strength, while the signal label carries its direction.

Directional pressure53 × 42%
+22.2

How strongly activity leans toward calls or puts.

Participation3 × 22%
+0.7

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

Trend agreement82 × 26%
+21.3

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 score53.8Matches 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 1.00. The most active strike by current volume is 1.00. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.

Put open interestStrikeCall open interest
0
0.50-57.3%
6
332
1.00-14.5%
100
128
1.5028.2%
290
0
2.50113.7%
102
0
5.00327.4%
0
0
7.50541.0%
0
Nearest spot strike Max pain strikeBars show relative OI within this expiry

Volatility Curve

Front-loaded volatility

1.30× front/back

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

2.03 21 Aug 21d
0.89 18 Sep 49d
1.07 16 Oct 77d
0.81 15 Jan 168d
1.57 21 Jan 539d

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.

1
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

A97/100
Retained chain100%
Implied volatility100%
Two-sided quotes100%
Open interest100%
Chain status
Complete available chain
Market date
31 Jul 2026
Calculation
v2.0
Contracts
66 / 66
  • 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

94/100
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: $3304 of estimated gross traded notional, puts · 8-21 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-53
1W price-6.4%
Call premium18%
Put premium82%
Notional split C 18% / P 82% 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 82/100 Agreement between options pressure and Sharemaestro market context.
Event window 4 Aug Matched earnings event is 2 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 · 8-21 days · OTM
Puts · 8-21 days · OTM puts cluster with 120 contracts traded, $1200 estimated gross traded notional, and 36% of visible notional.
$1200
Puts · 46-90 days · ITM puts cluster with 25 contracts traded, $1062 estimated gross traded notional, and 32% of visible notional.
$1062
Puts · 91+ days · ITM puts cluster with 5 contracts traded, $358 estimated gross traded notional, and 11% of visible notional.
$358
Calls · 8-21 days · ITM calls cluster with 8 contracts traded, $320 estimated gross traded notional, and 10% of visible notional.
$320
Calls · 91+ days · OTM calls cluster with 4 contracts traded, $100 estimated gross traded notional, and 3% of visible notional.
$100

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

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
Close1.17
1W-6.4%
RS-27.4
Fair value-81.1%
Options pressure-53
Speculation3
Volatility96
Trend fit82

Today Versus Normal

Stored-options context

View history
Expected move 42.7% history building
30d avg - · 3/10 sessions -
90d avg - · 3/30 sessions -
180d avg - · 3/60 sessions -
IV 2.03 history building
30d avg - · 3/10 sessions -
90d avg - · 3/30 sessions -
180d avg - · 3/60 sessions -
Put-call 4.61 history building
30d avg - · 3/10 sessions -
90d avg - · 3/30 sessions -
180d avg - · 3/60 sessions -
Volume/OI 0.00 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 11:45 Volatility
Pressure 100
Move 38.4%
30 Jul 11:23 Bullish
Pressure 72
Move 32.0%
31 Jul 10:55 Volatility
Pressure 100
Move 43.3%
1 Aug 04:13 Volatility
Pressure -53
Move 40.0%
2 Aug 09:57 Volatility
Pressure -53
Move 42.7%

Strike Map

Where activity is clustering

Full strike map
Strike0.50
Calls · V 0 · OI 6
Puts · V 0 · OI 0
Strike1.00
Calls · V 8 · OI 100
Puts · V 120 · OI 332
Strike1.50
Calls · V 11 · OI 290
Puts · V 2 · OI 128
Strike2.50
Calls · V 0 · OI 102
Puts · V 0 · OI 0
Strike5.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike7.50
Calls · V 0 · OI 0
Puts · V 0 · OI 0

Term Structure

Expiration activity

Volume and IV
Expiry21 Aug 2026
Contracts12
Avg IV2.03
Put-call6.42
Expiry18 Sep 2026
Contracts12
Avg IV0.89
Put-call-
Expiry16 Oct 2026
Contracts10
Avg IV1.07
Put-call-
Expiry15 Jan 2027
Contracts16
Avg IV0.81
Put-call2.00
Expiry21 Jan 2028
Contracts16
Avg IV1.57
Put-call1.00

Skew

Call/put IV balance

OTM demand
21 Aug 2026Call IV premium
Call IV0.77
Put IV0.59
Skew-0.18
18 Sep 2026Call IV premium
Call IV0.49
Put IV0.40
Skew-0.10
16 Oct 2026Call IV premium
Call IV1.51
Put IV1.19
Skew-0.32
15 Jan 2027Call IV premium
Call IV1.60
Put IV0.22
Skew-1.38
21 Jan 2028Call IV premium
Call IV1.18
Put IV0.14
Skew-1.03

Contract Tape

Most active contracts

Full contract tape
ContractBMEA260821P00001000
SidePut
Expiry21 Aug 2026
Strike1.00
Volume120
OI332
IV0.59
ContractBMEA260918P00001500
SidePut
Expiry18 Sep 2026
Strike1.50
Volume25
OI-
IV1.16
ContractBMEA260821C00001500
SideCall
Expiry21 Aug 2026
Strike1.50
Volume11
OI290
IV0.77
ContractBMEA261016C00002500
SideCall
Expiry16 Oct 2026
Strike2.50
Volume10
OI18291
IV1.51
ContractBMEA260821C00001000
SideCall
Expiry21 Aug 2026
Strike1.00
Volume8
OI100
IV3.02
ContractBMEA280121C00005000
SideCall
Expiry21 Jan 2028
Strike5.00
Volume3
OI4784
IV1.18
ContractBMEA280121P00001500
SidePut
Expiry21 Jan 2028
Strike1.50
Volume3
OI10
IV0.64
ContractBMEA270115P00002000
SidePut
Expiry15 Jan 2027
Strike2.00
Volume2
OI310
IV1.25