Ticker Options Intelligence

RNAC options intelligence

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

Conviction 54 Market data through 16 Sep 2026 Checked 17 Sep 2026 00:27 · partial chain

Volatility expansion watch

Volatility pressure

RNAC currently carries volatility options pressure with a 54/100 conviction score. The nearest-chain expected move is 43.3%, with volume/open-interest participation at 0.19.

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

Volatility expansion watch

Expected move 43.3%

Wider near-term move priced

Activity / OI 0.19

Current volume is quieter versus prior open interest

Put-call 0.07

Call-side skew

Trend fit 3

Options are not fully confirming trend

Weekly backdrop -11.7%

RS -6.0

Expected move 43.3%
Put-call volume 0.07
Volume / OI 0.19
Reference IV 4.71
Max pain 10.00
Underlying 8.19
Nearest expiry 18 Sep 2026
Contracts 22

Research Brief

RNAC has a volatility chain read with 54/100 evidence alignment.

The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 4.64–11.74; The largest call open-interest concentration is 12.50; the largest put concentration is 7.50. The most active strike by current volume is 12.50.

Priced range4.64–11.74
Call concentration12.50
Put concentration7.50
Max pain reference10.00
What would confirm it
  • A clear directional pressure reading develops and price begins to agree.
  • Participation is above the ticker's stored normal, which makes the read more noteworthy.
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 18 Sep

Options imply 4.64 to 11.74. Max pain at 10.00 sits inside that range, 22.1% above spot.

Spot Max pain
4.648.19 ± 3.5511.74
Confirmation level

A close beyond 11.74 or below 4.64 at the 18 Sep 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 54/100

Evidence alignment, not probability

Pressure is 97/100 toward calls; conviction uses its strength, while the signal label carries its direction.

Directional pressure97 × 42%
+40.9

How strongly activity leans toward calls or puts.

Participation12 × 22%
+2.7

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

Trend agreement3 × 26%
+0.9

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 score54.1Matches stored calculation

Positioning by Strike

Where open interest and current activity concentrate

Full strike map

The largest call open-interest concentration is 12.50; the largest put concentration is 7.50. The most active strike by current volume is 12.50. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.

Put open interestStrikeCall open interest
0
5.00-38.9%
0
8
7.50-8.4%
0
1
10.0022.1%
3
0
12.5052.6%
105
Nearest spot strike Max pain strikeBars show relative OI within this expiry

Gamma Profile by Strike

Positive gamma proxy

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+$5,545Delta change / 1% move
Positive peak7.50+$1,946
Negative peak-No negative strike
Nearest balance-Interpolated sign change
StrikeNegativePositiveNet / 1% move
5.00-38.9%
+$60
7.50-8.4%
+$1,946
10.0022.1%
+$978
12.5052.6%
+$1,871
15.0083.2%
+$670
17.50113.7%
+$17
20.00144.2%
+$3
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

3.43× front/back

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

4.71 18 Sep 2d
1.38 16 Oct 30d
1.71 20 Nov 65d
1.37 19 Feb 156d

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.

8
Put IV Call IV

Historical Replay

How matured reads behaved through expiry

12 matured · 0 directional

12 stored transitions are available, but none had a directional bullish or bearish label.

Directional follow-through-
Moves contained by pricing75%
Average expiry move21.0%
17 Aug Mixed · 38 13.6% through expiry 16.5% priced · v2.0
14 Aug Volatility · 52 13.6% through expiry 10.5% priced · v2.0
13 Aug Mixed · 38 13.4% through expiry 17.1% priced · v2.0
12 Aug Mixed · 38 13.4% through expiry 18.8% priced · v2.0
10 Aug Mixed · 38 13.4% through expiry 33.6% priced · v2.0
7 Aug Volatility · 51 13.4% through expiry 18.4% priced · v2.0
6 Aug Volatility · 52 28.7% through expiry 19.6% priced · v2.0
5 Aug Mixed · 37 28.7% through expiry 33.0% priced · v2.0
4 Aug Volatility · 61 28.7% through expiry 58.7% priced · v2.0
3 Aug Mixed · 37 28.7% through expiry 48.4% priced · v2.0
31 Jul Volatility · 54 28.7% through expiry 65.1% priced · v2.0
30 Jul Mixed · 37 27.4% through expiry 26.7% priced · v2.0

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

Usable with limits

C69/100
Retained chain100%
Implied volatility100%
Two-sided quotes100%
Open interest100%
Chain status
Retained chain subset
Market date
16 Sep 2026
Calculation
v2.0
Contracts
22 / 22
  • 100% of provider contracts were retained for this snapshot.

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: $62,342 of estimated gross traded notional, calls · 91+ days · itm, 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+97
1W price-11.7%
Call premium94%
Put premium6%
Notional split C 94% / P 6% Estimated gross traded notional uses volume × contract multiplier × midpoint, or last price when no valid midpoint is available.
Freshness 0.19 Volume divided by open interest across the visible chain.
Trend fit 3/100 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 Calls · 91+ days · ITM
Calls · 91+ days · ITM calls cluster with 133 contracts traded, $35,755 estimated gross traded notional, and 57% of visible notional.
$35,755
Calls · 46-90 days · ITM calls cluster with 45 contracts traded, $10,938 estimated gross traded notional, and 18% of visible notional.
$10,938
Calls · 91+ days · OTM calls cluster with 66 contracts traded, $8,912 estimated gross traded notional, and 14% of visible notional.
$8,912
Calls · 46-90 days · OTM calls cluster with 16 contracts traded, $1,738 estimated gross traded notional, and 3% of visible notional.
$1,738
Puts · 91+ days · ITM puts cluster with 4 contracts traded, $1,480 estimated gross traded notional, and 2% of visible notional.
$1,480

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

High anomaly

94

Current options activity is unusually hot versus this ticker's stored history.

Baseline: 21 completed sessions

Volume rank90th
Volume/OI rank90th
IV rank100th

Market Context

Underlying confirmation

Sharemaestro weekly
Close8.19
1W-11.7%
RS-6.0
Fair value-47.1%
Options pressure97
Speculation12
Volatility96
Trend fit3

Today Versus Normal

Stored-options context

View history
Expected move 43.3% history building
30d avg - · 8/10 sessions -
90d avg - · 21/30 sessions -
180d avg - · 21/60 sessions -
IV 4.71 history building
30d avg - · 8/10 sessions -
90d avg - · 21/30 sessions -
180d avg - · 21/60 sessions -
Put-call 0.07 history building
30d avg - · 6/10 sessions -
90d avg - · 13/30 sessions -
180d avg - · 13/60 sessions -
Volume/OI 0.19 history building
30d avg - · 8/10 sessions -
90d avg - · 21/30 sessions -
180d avg - · 21/60 sessions -

Pressure Trail

Recent pressure and volatility

Open trail
29 Jul 11:41 Volatility
Pressure 100
Move 34.2%
30 Jul 11:19 Volatility
Pressure -80
Move 44.7%
31 Jul 10:53 Mixed
Pressure 11
Move 26.7%
2 Aug 04:17 Volatility
Pressure 100
Move 65.1%
4 Aug 05:04 Mixed
Pressure 11
Move 48.4%
4 Aug 15:47 Volatility
Pressure 87
Move 58.7%
6 Aug 04:13 Mixed
Pressure 11
Move 33.0%
7 Aug 07:41 Volatility
Pressure 100
Move 19.6%

Strike Map

Where activity is clustering

Full strike map
Strike5.00
Calls · V 1 · OI 0
Puts · V 0 · OI 0
Strike7.50
Calls · V 0 · OI 0
Puts · V 1 · OI 8
Strike10.00
Calls · V 2 · OI 3
Puts · V 0 · OI 1
Strike12.50
Calls · V 5 · OI 105
Puts · V 0 · OI 0

Term Structure

Expiration activity

Volume and IV
Expiry18 Sep 2026
Contracts5
Avg IV4.71
Put-call0.13
Expiry16 Oct 2026
Contracts2
Avg IV1.38
Put-call-
Expiry20 Nov 2026
Contracts8
Avg IV1.71
Put-call0.23
Expiry19 Feb 2027
Contracts7
Avg IV1.37
Put-call0.02

Skew

Call/put IV balance

OTM demand
18 Sep 2026Call IV premium
Call IV3.50
Put IV1.52
Skew-1.98
16 Oct 2026Incomplete skew
Call IV1.18
Put IV-
Skew-
20 Nov 2026Balanced skew
Call IV1.03
Put IV1.02
Skew-0.02
19 Feb 2027Incomplete skew
Call IV1.48
Put IV-
Skew-

Contract Tape

Most active contracts

Full contract tape
ContractRNAC261120C00015000
SideCall
Expiry20 Nov 2026
Strike15.00
Volume-
OI101
IV2.98
ContractRNAC270219C00017500
SideCall
Expiry19 Feb 2027
Strike17.50
Volume-
OI7
IV2.07
ContractRNAC261120C00020000
SideCall
Expiry20 Nov 2026
Strike20.00
Volume-
OI1
IV1.66
ContractRNAC260918P00010000
SidePut
Expiry18 Sep 2026
Strike10.00
Volume-
OI1
IV3.84
ContractRNAC270219C00007500
SideCall
Expiry19 Feb 2027
Strike7.50
Volume130
OI192
IV1.24
ContractRNAC261120C00007500
SideCall
Expiry20 Nov 2026
Strike7.50
Volume35
OI381
IV1.09
ContractRNAC270219C00010000
SideCall
Expiry19 Feb 2027
Strike10.00
Volume25
OI160
IV1.48
ContractRNAC270219C00012500
SideCall
Expiry19 Feb 2027
Strike12.50
Volume21
OI22
IV0.98

Evidence context