Ticker Options Intelligence

CUE options intelligence

Cue Biopharma options pressure, expected move, strike concentration, and Sharemaestro trend context.

Conviction 53 Market data through 31 Jul 2026 Checked 3 Aug 2026 13:19 · complete available chain

Call-side pressure

Bullish pressure

CUE currently carries bullish options pressure with a 53/100 conviction score. The nearest-chain expected move is 18.8%, with volume/open-interest participation at 0.06.

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

Call-side pressure

Expected move 18.8%

Wider near-term move priced

Activity / OI 0.06

Current volume is quieter versus prior open interest

Put-call 0.09

Call-side skew

Trend fit 22

Options are not fully confirming trend

Weekly backdrop -16.4%

RS 29.9

Expected move 18.8%
Put-call volume 0.09
Volume / OI 0.06
Reference IV 0.14
Max pain 0.50
Underlying 26.84
Nearest expiry 16 Oct 2026
Contracts 7

Research Brief

CUE has a bullish chain read with 53/100 evidence alignment.

The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 21.79–31.89; The largest call open-interest concentration is 0.50; the largest put concentration is 3.00. The most active strike by current volume is 0.50.

Priced range21.79–31.89
Call concentration0.50
Put concentration3.00
Max pain reference0.50
What would confirm it
  • Price holds or improves while call-side concentration remains elevated.
What would weaken it
  • Price weakens while call pressure fades or reverses toward puts.
  • 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 16 Oct

Options imply 21.79 to 31.89. Max pain at 0.50 lies outside the priced range, so it is a weak near-term anchor.

Spot Max pain
21.7926.84 ± 5.0531.89
Confirmation level

A close beyond 31.89 or below 21.79 at the 16 Oct 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 53/100

Evidence alignment, not probability

Pressure is 95/100 toward calls; conviction uses its strength, while the signal label carries its direction.

Directional pressure95 × 42%
+40.0

How strongly activity leans toward calls or puts.

Participation9 × 22%
+2.0

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

Trend agreement22 × 26%
+5.6

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

Volatility50 × 10%
+5.0

The intensity of implied volatility and the priced move.

Reconstructed score52.7Matches stored calculation

Positioning by Strike

Where open interest and current activity concentrate

Full strike map

The largest call open-interest concentration is 0.50; the largest put concentration is 3.00. The most active strike by current volume is 0.50. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.

Put open interestStrikeCall open interest
0
0.50-98.1%
284
0
1.00-96.3%
111
0
1.50-94.4%
5
0
2.00-92.5%
17
1
3.00-88.8%
0
1
5.00-81.4%
6
Nearest spot strike Max pain strikeBars show relative OI within this expiry

Gamma Profile by Strike

Negative gamma proxy

Model-estimated Greeks · 29% coverage

Put-side gamma sensitivity outweighs the call-side proxy across the retained chain. The largest bars mark levels where delta-hedging sensitivity may be most concentrated.

Net profile-$0Delta change / 1% move
Positive peak-No positive strike
Negative peak5.00-$0
Nearest balance-Interpolated sign change
StrikeNegativePositiveNet / 1% move
3.00-88.8%
-$0
5.00-81.4%
-$0
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

Insufficient term structure

At least two expirations with usable near-the-money implied volatility are required.

0.14 16 Oct 77d

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 16 Oct 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

A92/100
Retained chain100%
Implied volatility100%
Two-sided quotes100%
Open interest100%
Chain status
Complete available chain
Market date
31 Jul 2026
Calculation
v2.0
Contracts
7 / 7
  • 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

71/100
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 Bullish flow against weak price

Options are leaning call-side while the stock is down on the week, a divergence that needs price confirmation.

Why this matters

Earnings/event positioning matters because it connects the options headline to the actual evidence: $1,279 of estimated gross traded notional, puts · 46-90 days · otm, and a bullish flow against weak price backdrop. Use it as a research priority signal, then validate the chart, liquidity, event calendar, and risk before acting.

Options pressure+95
1W price-16.4%
Call premium37%
Put premium63%
Notional split C 37% / P 63% Estimated gross traded notional uses volume × contract multiplier × midpoint, or last price when no valid midpoint is available.
Freshness 0.06 Volume divided by open interest across the visible chain.
Trend fit 22/100 Agreement between options pressure and Sharemaestro market context.
Event window 11 Aug Matched earnings event is 8 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 · 46-90 days · OTM
Puts · 46-90 days · OTM puts cluster with 2 contracts traded, $800 estimated gross traded notional, and 63% of visible notional.
$800
Calls · 46-90 days · ITM calls cluster with 22 contracts traded, $479 estimated gross traded notional, and 37% of visible notional.
$479

Setup Classification

Opportunity and risk frame

Context, not advice
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.

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
Close26.84
1W-16.4%
RS29.9
Fair value-27.1%
Options pressure95
Speculation9
Volatility50
Trend fit22

Today Versus Normal

Stored-options context

View history
Expected move 18.8% history building
30d avg - · 3/10 sessions -
90d avg - · 3/30 sessions -
180d avg - · 3/60 sessions -
IV 0.14 history building
30d avg - · 3/10 sessions -
90d avg - · 3/30 sessions -
180d avg - · 3/60 sessions -
Put-call 0.09 history building
30d avg - · 3/10 sessions -
90d avg - · 3/30 sessions -
180d avg - · 3/60 sessions -
Volume/OI 0.06 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
31 Jul 05:23 Bullish
Pressure 95
Move 15.7%
3 Aug 12:19 Bullish
Pressure 95
Move 18.8%

Strike Map

Where activity is clustering

Full strike map
Strike0.50
Calls · V 10 · OI 284
Puts · V 0 · OI 0
Strike1.00
Calls · V 1 · OI 111
Puts · V 0 · OI 0
Strike1.50
Calls · V 1 · OI 5
Puts · V 0 · OI 0
Strike2.00
Calls · V 10 · OI 17
Puts · V 0 · OI 0
Strike3.00
Calls · V 0 · OI 0
Puts · V 1 · OI 1
Strike5.00
Calls · V 0 · OI 6
Puts · V 1 · OI 1

Term Structure

Expiration activity

Volume and IV
Expiry16 Oct 2026
Contracts7
Avg IV0.14
Put-call0.09

Skew

Call/put IV balance

OTM demand
16 Oct 2026Incomplete skew
Call IV-
Put IV0.50
Skew-

Contract Tape

Most active contracts

Full contract tape
ContractCUE261016C00005000
SideCall
Expiry16 Oct 2026
Strike5.00
Volume-
OI6
IV0.00
ContractCUE261016C00000500
SideCall
Expiry16 Oct 2026
Strike0.50
Volume10
OI284
IV0.00
ContractCUE261016C00002000
SideCall
Expiry16 Oct 2026
Strike2.00
Volume10
OI17
IV0.00
ContractCUE261016C00001000
SideCall
Expiry16 Oct 2026
Strike1.00
Volume1
OI111
IV0.00
ContractCUE261016C00001500
SideCall
Expiry16 Oct 2026
Strike1.50
Volume1
OI5
IV0.00
ContractCUE261016P00003000
SidePut
Expiry16 Oct 2026
Strike3.00
Volume1
OI1
IV0.50
ContractCUE261016P00005000
SidePut
Expiry16 Oct 2026
Strike5.00
Volume1
OI1
IV0.50