Primary read
Volatility
Volatility expansion watch
Ticker Options Intelligence
CMPX options intelligence
Compass Therapeutics Inc. options pressure, expected move, strike concentration, and Sharemaestro trend context.
Conviction
67
Market data through 29 Jul 2026
Checked 30 Jul 2026 02:55 · complete available chain
Volatility expansion watch
Volatility pressure
CMPX currently carries volatility options pressure with a 67/100 conviction score. The nearest-chain expected move is 18.1%, with volume/open-interest participation at 0.02.
Expected move
18.1%
Wider near-term move priced
Activity / OI
0.02
Current volume is quieter versus prior open interest
Put-call
6.64
Put-side skew
Trend fit
85
Options agree with trend context
Weekly backdrop
+1.0%
RS -54.4
Expected move
18.1%
Put-call volume
6.64
Volume / OI
0.02
Reference IV
2.45
Max pain
2.00
Underlying
2.07
Nearest expiry
21 Aug 2026
Contracts
140
Options Intent Radar
Earnings/event positioning
Options activity is concentrated around a live event window, so the cleanest read is event positioning rather than pure direction.
Options are pricing movement more than direction; compare expected move with the stock's actual weekly change.
Earnings/event positioning matters because it connects the options headline to the actual evidence: $84345 of estimated gross traded notional, puts · 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-62
1W price+1.0%
Call premium3%
Put premium97%
Notional split
C 3% / P 97%
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
85/100
Agreement between options pressure and Sharemaestro market context.
Event window
10 Aug
Matched earnings event is 11 days away.
Aggregate chain data does not identify trade aggressor or opening versus closing activity; call/put concentration is not proof of market direction.
Puts · 91+ days · OTM
puts cluster with 604 contracts traded, $81540 estimated gross traded notional, and 97% of visible notional.
$81540
Calls · 91+ days · ITM
calls cluster with 26 contracts traded, $2180 estimated gross traded notional, and 3% of visible notional.
$2180
Calls · 46-90 days · OTM
calls cluster with 60 contracts traded, $600 estimated gross traded notional, and 1% of visible notional.
$600
Calls · 22-45 days · OTM
calls cluster with 5 contracts traded, $25 estimated gross traded notional, and 0% of visible notional.
$25
Setup Classification
Opportunity and risk frame
Positioning agrees with the Sharemaestro trend backdrop.
The tape is pricing or displaying unusually elevated activity.
Expected move or upcoming earnings makes the setup more event-sensitive.
Activity Anomaly
High anomaly
Current options activity is unusually hot versus this ticker's stored history.
Volume rank100th
Volume/OI rank100th
IV rank100th
Market Context
Underlying confirmation
Close2.07
1W+1.0%
RS-54.4
Fair value-20.8%
Options pressure-62
Speculation41
Volatility96
Trend fit85
Today Versus Normal
Stored-options context
30d avg 18.1% · 1 read
100th
90d avg 18.1% · 1 read
100th
180d avg 18.1% · 1 read
100th
30d avg 2.25 · 1 read
100th
90d avg 2.25 · 1 read
100th
180d avg 2.25 · 1 read
100th
30d avg 0.01 · 1 read
100th
90d avg 0.01 · 1 read
100th
180d avg 0.01 · 1 read
100th
30d avg 0.01 · 1 read
100th
90d avg 0.01 · 1 read
100th
180d avg 0.01 · 1 read
100th
Pressure Trail
Recent pressure and volatility
29 Jul 11:27
Volatility
Pressure 100
Move 18.1%
30 Jul 01:55
Volatility
Pressure -62
Move 18.1%
Strike Map
Where activity is clustering
Strike1.00
Calls · V 0 · OI 37
Puts · V 0 · OI 0
Strike2.00
Calls · V 0 · OI 2616
Puts · V 0 · OI 59
Strike3.00
Calls · V 5 · OI 2009
Puts · V 0 · OI 10
Strike4.00
Calls · V 0 · OI 441
Puts · V 0 · OI 0
Strike5.00
Calls · V 0 · OI 69
Puts · V 0 · OI 0
Strike6.00
Calls · V 0 · OI 218
Puts · V 0 · OI 4
Strike7.00
Calls · V 0 · OI 14
Puts · V 0 · OI 0
Strike8.00
Calls · V 0 · OI 4
Puts · V 0 · OI 0
Term Structure
Expiration activity
Expiry21 Aug 2026
Contracts26
Avg IV2.45
Put-call-
Expiry18 Sep 2026
Contracts10
Avg IV0.90
Put-call-
Expiry20 Nov 2026
Contracts26
Avg IV1.31
Put-call-
Expiry18 Dec 2026
Contracts26
Avg IV1.15
Put-call-
Expiry15 Jan 2027
Contracts26
Avg IV0.88
Put-call-
Skew
Call/put IV balance
21 Aug 2026Put IV premium
Call IV0.99
Put IV1.57
Skew0.58
18 Sep 2026Put IV premium
Call IV0.67
Put IV1.06
Skew0.39
20 Nov 2026Call IV premium
Call IV1.87
Put IV0.65
Skew-1.22
18 Dec 2026Put IV premium
Call IV2.04
Put IV3.21
Skew1.16
15 Jan 2027Call IV premium
Call IV1.38
Put IV1.18
Skew-0.20
Contract Tape
Most active contracts
ContractCMPX261218P00002000
SidePut
Expiry18 Dec 2026
Strike2.00
Volume604
OI68
IV3.21
ContractCMPX260918C00004000
SideCall
Expiry18 Sep 2026
Strike4.00
Volume60
OI9
IV0.99
ContractCMPX280121C00002000
SideCall
Expiry21 Jan 2028
Strike2.00
Volume25
OI2800
IV0.94
ContractCMPX260821C00003000
SideCall
Expiry21 Aug 2026
Strike3.00
Volume5
OI2009
IV0.99
ContractCMPX261120C00002000
SideCall
Expiry20 Nov 2026
Strike2.00
Volume1
OI5277
IV1.33
ContractCMPX270115C00002000
SideCall
Expiry15 Jan 2027
Strike2.00
Volume-
OI3683
IV0.03
ContractCMPX260821C00002000
SideCall
Expiry21 Aug 2026
Strike2.00
Volume-
OI2616
IV0.15
ContractCMPX260918C00003000
SideCall
Expiry18 Sep 2026
Strike3.00
Volume-
OI2118
IV0.67
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
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.