Ticker Options Intelligence

ICUI options intelligence

ICU Medical Inc options pressure, expected move, strike concentration, and Sharemaestro trend context.

Conviction 41 Market data through 31 Jul 2026 Checked 2 Aug 2026 10:12 · complete available chain

Put-side pressure

Bearish pressure

ICUI currently carries bearish options pressure with a 41/100 conviction score. The nearest-chain expected move is 10.8%, 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 Bearish

Put-side pressure

Expected move 10.8%

Wider near-term move priced

Activity / OI 0.00

Current volume is quieter versus prior open interest

Put-call 3.00

Put-side skew

Trend fit 65

Options agree with trend context

Weekly backdrop +7.0%

RS 12.8

Expected move 10.8%
Put-call volume 3.00
Volume / OI 0.00
Reference IV 0.56
Max pain 150.00
Underlying 168.51
Nearest expiry 21 Aug 2026
Contracts 234

Research Brief

ICUI has a bearish chain read with 41/100 evidence alignment.

The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 150.36–186.66; The largest call open-interest concentration is 165.00; the largest put concentration is 115.00. The most active strike by current volume is 160.00.

Priced range150.36–186.66
Call concentration165.00
Put concentration115.00
Max pain reference150.00
What would confirm it
  • Price remains weak while put-side concentration persists.
  • The current chain read already agrees with the stored weekly trend context.
What would weaken it
  • Price recovers while put pressure fades or reverses toward calls.
  • 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 150.36 to 186.66. Max pain at 150.00 lies outside the priced range, so it is a weak near-term anchor.

Spot Max pain
150.36168.51 ± 18.15186.66
Confirmation level

A close beyond 186.66 or below 150.36 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 41/100

Evidence alignment, not probability

Pressure is 39/100 toward puts; conviction uses its strength, while the signal label carries its direction.

Directional pressure39 × 42%
+16.3

How strongly activity leans toward calls or puts.

Participation0 × 22%
+0.1

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

Trend agreement65 × 26%
+16.9

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

Volatility79 × 10%
+7.9

The intensity of implied volatility and the priced move.

Reconstructed score41.2Matches stored calculation

Positioning by Strike

Where open interest and current activity concentrate

Full strike map

The largest call open-interest concentration is 165.00; the largest put concentration is 115.00. The most active strike by current volume is 160.00. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.

Put open interestStrikeCall open interest
11
100.00-40.7%
0
1
105.00-37.7%
1
4
110.00-34.7%
0
42
115.00-31.8%
0
15
120.00-28.8%
0
22
125.00-25.8%
5
10
135.00-19.9%
3
2
140.00-16.9%
0
13
145.00-14.0%
1
28
150.00-11.0%
8
0
155.00-8.0%
14
0
160.00-5.1%
26
0
165.00-2.1%
37
0
170.000.9%
30
0
175.003.9%
3
0
180.006.8%
2
0
220.0030.6%
9
Nearest spot strike Max pain strikeBars show relative OI within this expiry

Volatility Curve

Front-loaded volatility

1.25× front/back

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

0.56 21 Aug 21d
0.47 18 Sep 49d
0.47 20 Nov 112d
0.45 19 Feb 203d

Volatility by Strike

Downside protection premium

Nearest expiry, within 20% of spot

Out-of-the-money puts carry higher implied volatility than comparable calls, indicating richer downside protection.

135
140
145
150
155
160
165
170
175
180
185
190
195
200
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

A100/100
Retained chain100%
Implied volatility100%
Two-sided quotes100%
Open interest100%
Chain status
Complete available chain
Market date
31 Jul 2026
Calculation
v2.0
Contracts
234 / 234
  • 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

87/100
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 Bearish flow against rising price

Put-side pressure is building while price is rising, a cautionary divergence.

Why this matters

Earnings/event positioning matters because it connects the options headline to the actual evidence: $2410 of estimated gross traded notional, calls · 8-21 days · itm, and a bearish flow against rising price backdrop. Use it as a research priority signal, then validate the chart, liquidity, event calendar, and risk before acting.

Options pressure-39
1W price+7.0%
Call premium57%
Put premium43%
Notional split C 57% / P 43% 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 65/100 Agreement between options pressure and Sharemaestro market context.
Event window 6 Aug Matched earnings event is 4 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 Calls · 8-21 days · ITM
Calls · 8-21 days · ITM calls cluster with 1 contracts traded, $1375 estimated gross traded notional, and 57% of visible notional.
$1375
Puts · 8-21 days · OTM puts cluster with 2 contracts traded, $835 estimated gross traded notional, and 35% of visible notional.
$835
Puts · 46-90 days · OTM puts cluster with 1 contracts traded, $200 estimated gross traded notional, and 8% of visible notional.
$200

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

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
Close168.51
1W+7.0%
RS12.8
Fair value+27.2%
Options pressure-39
Speculation0
Volatility79
Trend fit65

Today Versus Normal

Stored-options context

View history
Expected move 10.8% history building
30d avg - · 3/10 sessions -
90d avg - · 3/30 sessions -
180d avg - · 3/60 sessions -
IV 0.56 history building
30d avg - · 3/10 sessions -
90d avg - · 3/30 sessions -
180d avg - · 3/60 sessions -
Put-call 3.00 history building
30d avg - · 3/10 sessions -
90d avg - · 3/30 sessions -
180d avg - · 3/60 sessions -
Volume/OI 0.00 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 10:51 Volatility
Pressure 98
Move 13.1%
30 Jul 10:42 Volatility
Pressure 100
Move 13.5%
31 Jul 10:30 Bullish
Pressure 26
Move 13.5%
2 Aug 09:12 Bearish
Pressure -39
Move 10.8%

Strike Map

Where activity is clustering

Full strike map
Strike65.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike70.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike75.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike80.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike85.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike90.00
Calls · V 0 · OI 1
Puts · V 0 · OI 0
Strike95.00
Calls · V 0 · OI 0
Puts · V 0 · OI 1
Strike100.00
Calls · V 0 · OI 0
Puts · V 0 · OI 11

Term Structure

Expiration activity

Volume and IV
Expiry21 Aug 2026
Contracts62
Avg IV0.56
Put-call2.00
Expiry18 Sep 2026
Contracts46
Avg IV0.47
Put-call-
Expiry20 Nov 2026
Contracts64
Avg IV0.47
Put-call-
Expiry19 Feb 2027
Contracts62
Avg IV0.45
Put-call-

Skew

Call/put IV balance

OTM demand
21 Aug 2026Put IV premium
Call IV0.48
Put IV0.58
Skew0.10
18 Sep 2026Balanced skew
Call IV0.43
Put IV0.48
Skew0.05
20 Nov 2026Put IV premium
Call IV0.41
Put IV0.47
Skew0.07
19 Feb 2027Put IV premium
Call IV0.41
Put IV0.46
Skew0.06

Contract Tape

Most active contracts

Full contract tape
ContractICUI260821P00150000
SidePut
Expiry21 Aug 2026
Strike150.00
Volume1
OI28
IV0.60
ContractICUI260821C00160000
SideCall
Expiry21 Aug 2026
Strike160.00
Volume1
OI26
IV0.55
ContractICUI260821P00160000
SidePut
Expiry21 Aug 2026
Strike160.00
Volume1
OI-
IV0.61
ContractICUI260918P00140000
SidePut
Expiry18 Sep 2026
Strike140.00
Volume1
OI-
IV0.48
ContractICUI261120C00105000
SideCall
Expiry20 Nov 2026
Strike105.00
Volume-
OI1506
IV0.53
ContractICUI261120C00110000
SideCall
Expiry20 Nov 2026
Strike110.00
Volume-
OI1506
IV0.52
ContractICUI260821P00115000
SidePut
Expiry21 Aug 2026
Strike115.00
Volume-
OI42
IV0.55
ContractICUI260821C00165000
SideCall
Expiry21 Aug 2026
Strike165.00
Volume-
OI37
IV0.55