Ticker Options Intelligence

SVRA options intelligence

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

Conviction 48 Market data through 31 Jul 2026 Checked 2 Aug 2026 13:06 · complete available chain

Volatility expansion watch

Volatility pressure

SVRA currently carries volatility options pressure with a 48/100 conviction score. The nearest-chain expected move is 41.5%, 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 41.5%

Wider near-term move priced

Activity / OI 0.00

Current volume is quieter versus prior open interest

Put-call 0.00

Call-side skew

Trend fit 0

Options are not fully confirming trend

Weekly backdrop -0.9%

RS 0.1

Expected move 41.5%
Put-call volume -
Volume / OI 0.00
Reference IV 1.00
Max pain 6.00
Underlying 5.46
Nearest expiry 21 Aug 2026
Contracts 80

Research Brief

SVRA has a volatility chain read with 48/100 evidence alignment.

The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 3.20–7.72; The largest call open-interest concentration is 6.00; the largest put concentration is 5.00. The most active strike by current volume is 6.00.

Priced range3.20–7.72
Call concentration6.00
Put concentration5.00
Max pain reference6.00
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.

Priced Move

Where the chain says movement becomes exceptional

Size, not direction · through 21 Aug

Options imply 3.20 to 7.72. Max pain at 6.00 sits inside that range, 9.9% above spot.

Spot Max pain
3.205.46 ± 2.267.72
Confirmation level

A close beyond 7.72 or below 3.20 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 48/100

Evidence alignment, not probability

Pressure is 91/100 toward calls; conviction uses its strength, while the signal label carries its direction.

Directional pressure91 × 42%
+38.2

How strongly activity leans toward calls or puts.

Participation0 × 22%
+0.1

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

Trend agreement0 × 26%
+0.0

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 score47.8Matches 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 5.00. The most active strike by current volume is 6.00. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.

Put open interestStrikeCall open interest
0
1.00-81.7%
0
328
2.50-54.2%
3
23
4.00-26.7%
28
3392
5.00-8.4%
286
587
6.009.9%
842
54
7.5037.4%
589
0
9.0064.8%
4
0
10.0083.2%
2
0
12.50128.9%
0
Nearest spot strike Max pain strikeBars show relative OI within this expiry

Volatility Curve

Back-loaded volatility

0.72× front/back

Longer-dated options carry more implied volatility than the front expiry, so risk is priced farther out.

1.00 21 Aug 21d
1.09 18 Sep 49d
0.63 20 Nov 112d
1.38 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.

5
6
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
80 / 80
  • 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

95/100
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 Volatility flow versus price

Options are pricing movement more than direction; compare expected move with the stock's actual weekly change.

Why this matters

Earnings/event positioning matters because it connects the options headline to the actual evidence: $824 of estimated gross traded notional, calls · 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+91
1W price-0.9%
Call premium100%
Put premium0%
Notional split C 100% / P 0% 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 0/100 Agreement between options pressure and Sharemaestro market context.
Event window 12 Aug Matched earnings event is 10 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 · OTM
Calls · 8-21 days · OTM calls cluster with 21 contracts traded, $567 estimated gross traded notional, and 69% of visible notional.
$567
Calls · 46-90 days · ITM calls cluster with 1 contracts traded, $258 estimated gross traded notional, and 31% of visible notional.
$258

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
Close5.46
1W-0.9%
RS0.1
Fair value+31.8%
Options pressure91
Speculation0
Volatility96
Trend fit0

Today Versus Normal

Stored-options context

View history
Expected move 41.5% history building
30d avg - · 3/10 sessions -
90d avg - · 3/30 sessions -
180d avg - · 3/60 sessions -
IV 1.00 history building
30d avg - · 3/10 sessions -
90d avg - · 3/30 sessions -
180d avg - · 3/60 sessions -
Put-call 0.00 history building
30d avg - · 1/10 sessions -
90d avg - · 1/30 sessions -
180d avg - · 1/60 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 11:13 Mixed
Pressure -17
Move 15.4%
30 Jul 10:59 Bearish
Pressure -100
Move 7.1%
31 Jul 10:41 Mixed
Pressure -9
Move 22.0%
2 Aug 12:06 Volatility
Pressure 91
Move 41.5%

Strike Map

Where activity is clustering

Full strike map
Strike1.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike2.50
Calls · V 0 · OI 3
Puts · V 0 · OI 328
Strike4.00
Calls · V 0 · OI 28
Puts · V 0 · OI 23
Strike5.00
Calls · V 0 · OI 286
Puts · V 0 · OI 3392
Strike6.00
Calls · V 21 · OI 842
Puts · V 0 · OI 587
Strike7.50
Calls · V 0 · OI 589
Puts · V 0 · OI 54
Strike9.00
Calls · V 0 · OI 4
Puts · V 0 · OI 0
Strike10.00
Calls · V 0 · OI 2
Puts · V 0 · OI 0

Term Structure

Expiration activity

Volume and IV
Expiry21 Aug 2026
Contracts18
Avg IV1.00
Put-call-
Expiry18 Sep 2026
Contracts22
Avg IV1.09
Put-call-
Expiry20 Nov 2026
Contracts20
Avg IV0.63
Put-call-
Expiry19 Feb 2027
Contracts20
Avg IV1.38
Put-call-

Skew

Call/put IV balance

OTM demand
21 Aug 2026Call IV premium
Call IV2.32
Put IV0.82
Skew-1.49
18 Sep 2026Balanced skew
Call IV0.16
Put IV0.17
Skew0.01
20 Nov 2026Call IV premium
Call IV1.24
Put IV1.15
Skew-0.10
19 Feb 2027Put IV premium
Call IV0.24
Put IV1.97
Skew1.73

Contract Tape

Most active contracts

Full contract tape
ContractSVRA260821C00006000
SideCall
Expiry21 Aug 2026
Strike6.00
Volume21
OI842
IV0.26
ContractSVRA260918C00005000
SideCall
Expiry18 Sep 2026
Strike5.00
Volume1
OI102
IV3.22
ContractSVRA260821P00005000
SidePut
Expiry21 Aug 2026
Strike5.00
Volume-
OI3392
IV0.82
ContractSVRA260821C00007500
SideCall
Expiry21 Aug 2026
Strike7.50
Volume-
OI589
IV2.32
ContractSVRA260821P00006000
SidePut
Expiry21 Aug 2026
Strike6.00
Volume-
OI587
IV0.01
ContractSVRA270219C00005000
SideCall
Expiry19 Feb 2027
Strike5.00
Volume-
OI332
IV1.16
ContractSVRA260821P00002500
SidePut
Expiry21 Aug 2026
Strike2.50
Volume-
OI328
IV1.59
ContractSVRA260821C00005000
SideCall
Expiry21 Aug 2026
Strike5.00
Volume-
OI286
IV0.01