Ticker Options Intelligence

PRME options intelligence

Prime Medicine, Inc. Common Stock options pressure, expected move, strike concentration, and Sharemaestro trend context.

Conviction 33 Market data through 31 Jul 2026 Checked 2 Aug 2026 19:11 · complete available chain

Call-side pressure

Bullish pressure

PRME currently carries bullish options pressure with a 33/100 conviction score. The nearest-chain expected move is 24.1%, with volume/open-interest participation at 0.02.

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

Call-side pressure

Expected move 24.1%

Wider near-term move priced

Activity / OI 0.02

Current volume is quieter versus prior open interest

Put-call 0.53

Call-side skew

Trend fit 26

Options are not fully confirming trend

Weekly backdrop -1.0%

RS -30.3

Expected move 24.1%
Put-call volume 0.53
Volume / OI 0.02
Reference IV 1.04
Max pain 3.00
Underlying 2.92
Nearest expiry 21 Aug 2026
Contracts 78

Research Brief

PRME has a bullish chain read with 33/100 evidence alignment.

The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 2.21–3.63; The largest call open-interest concentration is 6.00; the largest put concentration is 3.00. The most active strike by current volume is 4.00.

Priced range2.21–3.63
Call concentration6.00
Put concentration3.00
Max pain reference3.00
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 21 Aug

Options imply 2.21 to 3.63. Max pain at 3.00 sits inside that range, 2.7% above spot.

Spot Max pain
2.212.92 ± 0.713.63
Confirmation level

A close beyond 3.63 or below 2.21 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 33/100

Evidence alignment, not probability

Pressure is 38/100 toward calls; conviction uses its strength, while the signal label carries its direction.

Directional pressure38 × 42%
+15.9

How strongly activity leans toward calls or puts.

Participation4 × 22%
+1.0

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

Trend agreement26 × 26%
+6.8

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 score33.2Matches stored calculation

Positioning by Strike

Where open interest and current activity concentrate

Full strike map

The largest call open-interest concentration is 6.00; the largest put concentration is 3.00. The most active strike by current volume is 4.00. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.

Put open interestStrikeCall open interest
0
1.00-65.8%
13
0
2.00-31.5%
3
1929
3.002.7%
111
36
4.0037.0%
1155
3
5.0071.2%
416
0
6.00105.5%
2027
0
7.00139.7%
130
Nearest spot strike Max pain strikeBars show relative OI within this expiry

Volatility Curve

Balanced volatility curve

0.92× front/back

Near- and longer-dated implied volatility are broadly aligned; no exceptional front-expiry premium is visible.

1.04 21 Aug 21d
0.79 18 Sep 49d
1.04 16 Oct 77d
1.09 15 Jan 168d
1.13 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.

3
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
78 / 78
  • 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

84/100
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: $107202 of estimated gross traded notional, puts · 91+ days · itm, 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+38
1W price-1.0%
Call premium46%
Put premium54%
Notional split C 46% / P 54% 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 26/100 Agreement between options pressure and Sharemaestro market context.
Event window 6 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 · ITM
Puts · 91+ days · ITM puts cluster with 230 contracts traded, $57500 estimated gross traded notional, and 54% of visible notional.
$57500
Calls · 91+ days · ITM calls cluster with 198 contracts traded, $37595 estimated gross traded notional, and 35% of visible notional.
$37595
Calls · 46-90 days · ITM calls cluster with 50 contracts traded, $9750 estimated gross traded notional, and 9% of visible notional.
$9750
Calls · 8-21 days · OTM calls cluster with 170 contracts traded, $1350 estimated gross traded notional, and 1% of visible notional.
$1350
Calls · 91+ days · OTM calls cluster with 13 contracts traded, $950 estimated gross traded notional, and 1% of visible notional.
$950

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.

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
Close2.92
1W-1.0%
RS-30.3
Fair value-38.9%
Options pressure38
Speculation4
Volatility96
Trend fit26

Today Versus Normal

Stored-options context

View history
Expected move 24.1% history building
30d avg - · 3/10 sessions -
90d avg - · 3/30 sessions -
180d avg - · 3/60 sessions -
IV 1.04 history building
30d avg - · 3/10 sessions -
90d avg - · 3/30 sessions -
180d avg - · 3/60 sessions -
Put-call 0.53 history building
30d avg - · 3/10 sessions -
90d avg - · 3/30 sessions -
180d avg - · 3/60 sessions -
Volume/OI 0.02 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 11:21 Bullish
Pressure 22
Move 26.3%
30 Jul 11:09 Bearish
Pressure -24
Move 17.8%
31 Jul 10:44 Mixed
Pressure 2
Move 22.9%
31 Jul 15:34 Bullish
Pressure 53
Move 23.7%
2 Aug 18:11 Bullish
Pressure 38
Move 24.1%

Strike Map

Where activity is clustering

Full strike map
Strike1.00
Calls · V 0 · OI 13
Puts · V 0 · OI 0
Strike2.00
Calls · V 0 · OI 3
Puts · V 0 · OI 0
Strike3.00
Calls · V 0 · OI 111
Puts · V 0 · OI 1929
Strike4.00
Calls · V 100 · OI 1155
Puts · V 0 · OI 36
Strike5.00
Calls · V 70 · OI 416
Puts · V 0 · OI 3
Strike6.00
Calls · V 0 · OI 2027
Puts · V 0 · OI 0
Strike7.00
Calls · V 0 · OI 130
Puts · V 0 · OI 0

Term Structure

Expiration activity

Volume and IV
Expiry21 Aug 2026
Contracts14
Avg IV1.04
Put-call-
Expiry18 Sep 2026
Contracts14
Avg IV0.79
Put-call-
Expiry16 Oct 2026
Contracts16
Avg IV1.04
Put-call-
Expiry15 Jan 2027
Contracts18
Avg IV1.09
Put-call1.97
Expiry21 Jan 2028
Contracts16
Avg IV1.13
Put-call-

Skew

Call/put IV balance

OTM demand
21 Aug 2026Call IV premium
Call IV1.36
Put IV0.93
Skew-0.43
18 Sep 2026Put IV premium
Call IV0.48
Put IV0.62
Skew0.14
16 Oct 2026Call IV premium
Call IV1.54
Put IV0.49
Skew-1.04
15 Jan 2027Call IV premium
Call IV1.57
Put IV0.35
Skew-1.22
21 Jan 2028Call IV premium
Call IV1.47
Put IV1.06
Skew-0.41

Contract Tape

Most active contracts

Full contract tape
ContractPRME270115P00005000
SidePut
Expiry15 Jan 2027
Strike5.00
Volume230
OI619
IV1.24
ContractPRME260821C00004000
SideCall
Expiry21 Aug 2026
Strike4.00
Volume100
OI1155
IV1.36
ContractPRME260821C00005000
SideCall
Expiry21 Aug 2026
Strike5.00
Volume70
OI416
IV1.15
ContractPRME270115C00001000
SideCall
Expiry15 Jan 2027
Strike1.00
Volume54
OI505
IV1.24
ContractPRME280121C00002000
SideCall
Expiry21 Jan 2028
Strike2.00
Volume50
OI1113
IV1.15
ContractPRME270115C00002000
SideCall
Expiry15 Jan 2027
Strike2.00
Volume50
OI237
IV1.38
ContractPRME261016C00001000
SideCall
Expiry16 Oct 2026
Strike1.00
Volume50
OI104
IV1.43
ContractPRME280121C00001000
SideCall
Expiry21 Jan 2028
Strike1.00
Volume44
OI688
IV1.61