Ticker Options Intelligence

IVA options intelligence

Inventiva Sa options pressure, expected move, strike concentration, and Sharemaestro trend context.

Conviction 62 Market data through 12 Aug 2026 Checked 13 Aug 2026 13:03 · complete available chain

Volatility expansion watch

Volatility pressure

IVA currently carries volatility options pressure with a 62/100 conviction score. The nearest-chain expected move is 24.6%, 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 24.6%

Wider near-term move priced

Activity / OI 0.00

Current volume is quieter versus prior open interest

Put-call -

Balanced tape

Trend fit 56

Options are not fully confirming trend

Weekly backdrop +7.1%

RS -18.4

Expected move 24.6%
Put-call volume -
Volume / OI 0.00
Reference IV 1.57
Max pain 2.50
Underlying 4.80
Nearest expiry 21 Aug 2026
Contracts 38

Research Brief

IVA has a volatility chain read with 62/100 evidence alignment.

The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 3.62–5.98; The largest call open-interest concentration is 5.00; the largest put concentration is 2.50. The most active strike by current volume is 2.50.

Priced range3.62–5.98
Call concentration5.00
Put concentration2.50
Max pain reference2.50
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.
  • 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 3.62 to 5.98. Max pain at 2.50 lies outside the priced range, so it is a weak near-term anchor.

Spot Max pain
3.624.80 ± 1.185.98
Confirmation level

A close beyond 5.98 or below 3.62 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 62/100

Evidence alignment, not probability

Pressure is 88/100 toward puts; conviction uses its strength, while the signal label carries its direction.

Directional pressure88 × 42%
+37.0

How strongly activity leans toward calls or puts.

Participation3 × 22%
+0.8

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

Trend agreement56 × 26%
+14.5

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 score61.8Matches stored calculation

Positioning by Strike

Where open interest and current activity concentrate

Full strike map

The largest call open-interest concentration is 5.00; the largest put concentration is 2.50. The most active strike by current volume is 2.50. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.

Put open interestStrikeCall open interest
23
2.50-47.9%
7
0
5.004.2%
135
0
7.5056.3%
0
0
10.00108.3%
0
Nearest spot strike Max pain strikeBars show relative OI within this expiry

Gamma Profile by Strike

Positive gamma proxy

Reported + model-estimated Greeks · 100% coverage

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

Net profile+$33,629Delta change / 1% move
Positive peak2.50+$16,177
Negative peak-No negative strike
Nearest balance-Interpolated sign change
StrikeNegativePositiveNet / 1% move
2.50-47.9%
+$16,177
5.004.2%
+$1,547
7.5056.3%
+$73
10.00108.3%
+$15,831
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

Front-loaded volatility

1.15× front/back

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

1.57 21 Aug 9d
1.08 18 Sep 37d
1.13 20 Nov 100d
2.11 15 Jan 156d
1.37 19 Feb 191d

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.

5
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 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
  • 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

A97/100
Retained chain100%
Implied volatility100%
Two-sided quotes100%
Open interest100%
Chain status
Complete available chain
Market date
12 Aug 2026
Calculation
v2.0
Contracts
38 / 38
  • 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

92/100
Primary intent Volatility expansion bet

The strongest message is movement risk: expected move and implied volatility are carrying more signal than 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

Volatility expansion bet matters because it connects the options headline to the actual evidence: $60 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-88
1W price+7.1%
Call premium0%
Put premium100%
Notional split C 0% / P 100% 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 56/100 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.
Conviction clusters Puts · 8-21 days · OTM
Puts · 8-21 days · OTM puts cluster with 10 contracts traded, $60 estimated gross traded notional, and 100% of visible notional.
$60

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.

Activity Anomaly

Normal range

30

Activity is broadly in line with recent stored snapshots.

Baseline: 10 completed sessions

Volume rank20th
Volume/OI rank20th
IV rank50th

Market Context

Underlying confirmation

Sharemaestro weekly
Close4.80
1W+7.1%
RS-18.4
Fair value+25.1%
Options pressure-88
Speculation3
Volatility96
Trend fit56

Today Versus Normal

Stored-options context

View history
Expected move 24.6% near normal
30d avg 33.2% · 10 sessions 30th
90d avg - · 10/30 sessions -
180d avg - · 10/60 sessions -
IV 1.57 near normal
30d avg 1.54 · 10 sessions 50th
90d avg - · 10/30 sessions -
180d avg - · 10/60 sessions -
Put-call - history building
30d avg - · 9/10 sessions -
90d avg - · 9/30 sessions -
180d avg - · 9/60 sessions -
Volume/OI 0.00 muted
30d avg 0.00 · 10 sessions 20th
90d avg - · 10/30 sessions -
180d avg - · 10/60 sessions -

Pressure Trail

Recent pressure and volatility

Open trail
29 Jul 11:13 Volatility
Pressure 100
Move 37.0%
30 Jul 11:00 Volatility
Pressure 100
Move 20.2%
31 Jul 05:31 Bearish
Pressure -21
Move 34.6%
1 Aug 00:32 Volatility
Pressure 100
Move 39.2%
4 Aug 12:16 Volatility
Pressure 100
Move 42.7%
5 Aug 11:31 Mixed
Pressure 12
Move 24.9%
5 Aug 21:17 Bullish
Pressure 74
Move 58.3%
7 Aug 11:20 Volatility
Pressure 100
Move 22.7%

Strike Map

Where activity is clustering

Full strike map
Strike2.50
Calls · V 0 · OI 7
Puts · V 10 · OI 23
Strike5.00
Calls · V 0 · OI 135
Puts · V 0 · OI 0
Strike7.50
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike10.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0

Term Structure

Expiration activity

Volume and IV
Expiry21 Aug 2026
Contracts8
Avg IV1.57
Put-call-
Expiry18 Sep 2026
Contracts6
Avg IV1.08
Put-call-
Expiry20 Nov 2026
Contracts8
Avg IV1.13
Put-call-
Expiry15 Jan 2027
Contracts8
Avg IV2.11
Put-call-
Expiry19 Feb 2027
Contracts8
Avg IV1.37
Put-call-

Skew

Call/put IV balance

OTM demand
21 Aug 2026Put IV premium
Call IV1.46
Put IV2.03
Skew0.58
18 Sep 2026Put IV premium
Call IV0.72
Put IV1.01
Skew0.29
20 Nov 2026Put IV premium
Call IV0.43
Put IV0.62
Skew0.19
15 Jan 2027Call IV premium
Call IV2.76
Put IV0.50
Skew-2.25
19 Feb 2027Put IV premium
Call IV0.31
Put IV0.45
Skew0.15

Contract Tape

Most active contracts

Full contract tape
ContractIVA260821P00002500
SidePut
Expiry21 Aug 2026
Strike2.50
Volume10
OI23
IV2.03
ContractIVA270115C00002500
SideCall
Expiry15 Jan 2027
Strike2.50
Volume-
OI20350
IV1.98
ContractIVA270115C00010000
SideCall
Expiry15 Jan 2027
Strike10.00
Volume-
OI20224
IV3.11
ContractIVA270219C00005000
SideCall
Expiry19 Feb 2027
Strike5.00
Volume-
OI221
IV2.11
ContractIVA270219C00002500
SideCall
Expiry19 Feb 2027
Strike2.50
Volume-
OI148
IV2.38
ContractIVA260821C00005000
SideCall
Expiry21 Aug 2026
Strike5.00
Volume-
OI135
IV1.46
ContractIVA270115C00005000
SideCall
Expiry15 Jan 2027
Strike5.00
Volume-
OI102
IV2.86
ContractIVA270219C00007500
SideCall
Expiry19 Feb 2027
Strike7.50
Volume-
OI50
IV0.31

Evidence context