Primary read
Volatility
Volatility expansion watch
Ticker Options Intelligence
AMRN options intelligence
Amarin Corporation PLC options pressure, expected move, strike concentration, and Sharemaestro trend context.
Conviction
59
Market data through 31 Jul 2026
Checked 1 Aug 2026 23:55 · complete available chain
Volatility expansion watch
Volatility pressure
AMRN currently carries volatility options pressure with a 59/100 conviction score. The nearest-chain expected move is 12.4%, with volume/open-interest participation at 0.02.
Expected move
12.4%
Wider near-term move priced
Activity / OI
0.02
Current volume is quieter versus prior open interest
Put-call
19.67
Put-side skew
Trend fit
45
Options are not fully confirming trend
Weekly backdrop
+5.2%
RS -15.2
Expected move
12.4%
Put-call volume
19.67
Volume / OI
0.02
Reference IV
0.66
Max pain
14.00
Underlying
14.26
Nearest expiry
21 Aug 2026
Contracts
200
Research Brief
AMRN has a volatility chain read with 59/100 evidence alignment.
The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 12.48–16.04; The largest call open-interest concentration is 20.00; the largest put concentration is 13.00. The most active strike by current volume is 2.00.
Priced range12.48–16.04
Call concentration20.00
Put concentration13.00
Max pain reference14.00
- A clear directional pressure reading develops and price begins to agree.
- 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
Options imply 12.48 to 16.04. Max pain at 14.00 sits inside that range, 1.8% below spot.
Spot
Max pain
12.4814.26 ± 1.7816.04
Confirmation level
A close beyond 16.04 or below 12.48 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 59/100
Pressure is 84/100 toward puts; conviction uses its strength, while the signal label carries its direction.
Directional pressure84 × 42%
+35.4
How strongly activity leans toward calls or puts.
Participation15 × 22%
+3.4
Volume relative to existing open interest and contract-level activity.
Trend agreement45 × 26%
+11.7
How closely the chain read agrees with the underlying trend backdrop.
Volatility87 × 10%
+8.7
The intensity of implied volatility and the priced move.
Positioning by Strike
Where open interest and current activity concentrate
The largest call open-interest concentration is 20.00; the largest put concentration is 13.00. The most active strike by current volume is 2.00. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.
Put open interestStrikeCall open interest
31
2.00-86.0%
0
7
3.00-79.0%
0
150
6.00-57.9%
0
11
10.00-29.9%
0
0
11.00-22.9%
10
3
12.00-15.8%
0
467
13.00-8.8%
16
42
14.00-1.8%
58
19
15.005.2%
72
0
16.0012.2%
109
0
17.0019.2%
103
0
18.0026.2%
6
0
19.0033.2%
6
0
20.0040.3%
206
0
21.0047.3%
31
0
22.0054.3%
1
0
25.0075.3%
18
Nearest spot strike Max pain strikeBars show relative OI within this expiry
Volatility Curve
Back-loaded volatility
Longer-dated options carry more implied volatility than the front expiry, so risk is priced farther out.
0.66
21 Aug
21d
0.73
18 Sep
49d
0.79
16 Oct
77d
0.77
18 Dec
140d
0.77
19 Mar
231d
Volatility by Strike
Downside protection premium
Out-of-the-money puts carry higher implied volatility than comparable calls, indicating richer downside protection.
12
13
14
15
16
17
Put IV Call IV
Historical Replay
How matured reads behaved through expiry
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
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
Volatility expansion bet
The strongest message is movement risk: expected move and implied volatility are carrying more signal than direction.
Options are pricing movement more than direction; compare expected move with the stock's actual weekly change.
Volatility expansion bet matters because it connects the options headline to the actual evidence: $668 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-84
1W price+5.2%
Call premium77%
Put premium23%
Notional split
C 77% / P 23%
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
45/100
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.
Calls · 91+ days · OTM
calls cluster with 1 contracts traded, $308 estimated gross traded notional, and 46% of visible notional.
$308
Calls · 46-90 days · OTM
calls cluster with 2 contracts traded, $205 estimated gross traded notional, and 31% of visible notional.
$205
Puts · 8-21 days · OTM
puts cluster with 59 contracts traded, $156 estimated gross traded notional, and 23% of visible notional.
$156
Setup Classification
Opportunity and risk frame
The tape is pricing or displaying unusually elevated activity.
Expected move or upcoming earnings makes the setup more event-sensitive.
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
Close14.26
1W+5.2%
RS-15.2
Fair value-4.8%
Options pressure-84
Speculation15
Volatility87
Trend fit45
Today Versus Normal
Stored-options context
30d avg - · 3/10 sessions
-
90d avg - · 3/30 sessions
-
180d avg - · 3/60 sessions
-
30d avg - · 3/10 sessions
-
90d avg - · 3/30 sessions
-
180d avg - · 3/60 sessions
-
30d avg - · 3/10 sessions
-
90d avg - · 3/30 sessions
-
180d avg - · 3/60 sessions
-
30d avg - · 3/10 sessions
-
90d avg - · 3/30 sessions
-
180d avg - · 3/60 sessions
-
Pressure Trail
Recent pressure and volatility
29 Jul 11:37
Mixed
Pressure -1
Move 15.5%
30 Jul 11:16
Bullish
Pressure 33
Move 14.9%
31 Jul 10:52
Bearish
Pressure -38
Move 15.3%
1 Aug 22:55
Volatility
Pressure -84
Move 12.4%
Strike Map
Where activity is clustering
Strike1.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike2.00
Calls · V 0 · OI 0
Puts · V 58 · OI 31
Strike3.00
Calls · V 0 · OI 0
Puts · V 0 · OI 7
Strike4.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike5.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike6.00
Calls · V 0 · OI 0
Puts · V 0 · OI 150
Strike9.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike10.00
Calls · V 0 · OI 0
Puts · V 0 · OI 11
Term Structure
Expiration activity
Expiry21 Aug 2026
Contracts42
Avg IV0.66
Put-call-
Expiry18 Sep 2026
Contracts38
Avg IV0.73
Put-call-
Expiry16 Oct 2026
Contracts42
Avg IV0.79
Put-call-
Expiry18 Dec 2026
Contracts42
Avg IV0.77
Put-call-
Expiry19 Mar 2027
Contracts36
Avg IV0.77
Put-call-
Skew
Call/put IV balance
21 Aug 2026Put IV premium
Call IV0.56
Put IV0.69
Skew0.13
18 Sep 2026Put IV premium
Call IV0.72
Put IV0.81
Skew0.09
16 Oct 2026Balanced skew
Call IV0.82
Put IV0.83
Skew0.01
18 Dec 2026Put IV premium
Call IV0.76
Put IV0.84
Skew0.09
19 Mar 2027Put IV premium
Call IV0.72
Put IV0.84
Skew0.13
Contract Tape
Most active contracts
ContractAMRN260821P00002000
SidePut
Expiry21 Aug 2026
Strike2.00
Volume58
OI31
IV3.37
ContractAMRN260918C00015000
SideCall
Expiry18 Sep 2026
Strike15.00
Volume2
OI87
IV0.62
ContractAMRN260821P00013000
SidePut
Expiry21 Aug 2026
Strike13.00
Volume1
OI467
IV0.69
ContractAMRN270319C00015000
SideCall
Expiry19 Mar 2027
Strike15.00
Volume1
OI1
IV0.72
ContractAMRN260918C00030000
SideCall
Expiry18 Sep 2026
Strike30.00
Volume-
OI688
IV0.79
ContractAMRN260821C00020000
SideCall
Expiry21 Aug 2026
Strike20.00
Volume-
OI206
IV0.62
ContractAMRN260821P00006000
SidePut
Expiry21 Aug 2026
Strike6.00
Volume-
OI150
IV1.53
ContractAMRN260918C00020000
SideCall
Expiry18 Sep 2026
Strike20.00
Volume-
OI130
IV0.41
Research Graph
Related research and context
Sharemaestro research
Related News
No recent ticker-specific news yet.
Market Watch
No recent market-watch posts yet.
Earnings
No upcoming matched earnings event.
Plain English Guide
Options context
What usually looks constructive
What usually looks cautious
Options can move quickly and can lose value fast. Treat this as research context, not a buy or sell instruction.