Ticker Options Intelligence

APGE options intelligence

Apogee Therapeutics, Inc. Common Stock options pressure, expected move, strike concentration, and Sharemaestro trend context.

Conviction 43 Market data through 14 Aug 2026 Checked 17 Aug 2026 13:03 · complete available chain

Put-side pressure

Bearish pressure

APGE currently carries bearish options pressure with a 43/100 conviction score. The nearest-chain expected move is 1.2%, 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 1.2%

Near-term move context

Activity / OI 0.00

Current volume is quieter versus prior open interest

Put-call -

Balanced tape

Trend fit 0

Options are not fully confirming trend

Weekly backdrop -0.2%

RS 52.3

Expected move 1.2%
Put-call volume -
Volume / OI 0.00
Reference IV 0.09
Max pain 110.00
Underlying 134.55
Nearest expiry 21 Aug 2026
Contracts 442

Research Brief

APGE has a bearish chain read with 43/100 evidence alignment.

The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 132.89–136.21; The largest call open-interest concentration is 85.00; the largest put concentration is 90.00. The most active strike by current volume is 130.00.

Priced range132.89–136.21
Call concentration85.00
Put concentration90.00
Max pain reference110.00
What would confirm it
  • Price remains weak while put-side concentration persists.
What would weaken it
  • Price recovers while put pressure fades or reverses toward calls.
  • 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 21 Aug

Options imply 132.89 to 136.21. Max pain at 110.00 lies outside the priced range, so it is a weak near-term anchor.

Spot Max pain
132.89134.55 ± 1.66136.21
Confirmation level

A close beyond 136.21 or below 132.89 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 43/100

Evidence alignment, not probability

Pressure is 99/100 toward puts; conviction uses its strength, while the signal label carries its direction.

Directional pressure99 × 42%
+41.8

How strongly activity leans toward calls or puts.

Participation2 × 22%
+0.5

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.

Volatility11 × 10%
+1.1

The intensity of implied volatility and the priced move.

Reconstructed score43.4Matches stored calculation

Positioning by Strike

Where open interest and current activity concentrate

Full strike map

The largest call open-interest concentration is 85.00; the largest put concentration is 90.00. The most active strike by current volume is 130.00. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.

Put open interestStrikeCall open interest
0
45.00-66.6%
0
0
50.00-62.8%
0
0
55.00-59.1%
0
0
70.00-48.0%
3
0
75.00-44.3%
2
0
80.00-40.5%
71
0
85.00-36.8%
103
5008
90.00-33.1%
61
0
95.00-29.4%
18
22
100.00-25.7%
0
10
105.00-22.0%
0
47
110.00-18.2%
0
36
115.00-14.5%
0
20
120.00-10.8%
0
152
125.00-7.1%
5
19
130.00-3.4%
2
1
135.000.3%
38
Nearest spot strike Max pain strikeBars show relative OI within this expiry

Gamma Profile by Strike

Positive gamma proxy

Reported + model-estimated Greeks · 77% 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+$65.5MDelta change / 1% move
Positive peak135.00+$65.8M
Negative peak130.00-$143,569
Nearest balance130.01Interpolated sign change
StrikeNegativePositiveNet / 1% move
35.00-74.0%
-$2
40.00-70.3%
-$1
45.00-66.6%
-$5
50.00-62.8%
-$1
55.00-59.1%
-$19
65.00-51.7%
-$4
70.00-48.0%
-$47
75.00-44.3%
-$69
80.00-40.5%
-$20
85.00-36.8%
-$36
90.00-33.1%
-$38,124
95.00-29.4%
-$230
100.00-25.7%
-$1,255
105.00-22.0%
-$127
110.00-18.2%
-$1,582
115.00-14.5%
-$1,009
120.00-10.8%
-$1,009
125.00-7.1%
-$80,639
130.00-3.4%
-$143,569
135.000.3%
+$65.8M
140.004.1%
-$1,546
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

2.79× front/back

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

0.09 21 Aug 7d
0.09 18 Sep 35d
0.04 16 Oct 63d
0.04 20 Nov 98d
0.04 18 Dec 126d
0.04 15 Jan 154d
0.03 17 Dec 490d

Volatility by Strike

Balanced wings

Nearest expiry, within 20% of spot

Comparable upside calls and downside puts carry broadly similar implied volatility.

110
115
120
125
130
135
140
145
150
155
160
Put IV Call IV

Historical Replay

How matured reads behaved through expiry

0 matured · 0 directional

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
  • Auditable calculationoriginal version retained
  • Independent entryone read per market session
  • Point-in-time referencerequired at entry
  • Matched expiry closereported only after maturity

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

High

A100/100
Retained chain100%
Implied volatility100%
Two-sided quotes100%
Open interest100%
Chain status
Complete available chain
Market date
14 Aug 2026
Calculation
v2.0
Contracts
442 / 442
  • 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

Put-heavy activity

94/100
Primary intent Put-heavy activity

Put-side activity dominates. This can reflect hedging or directional positioning, but the chain alone cannot distinguish buying from selling.

Flow vs price divergence Bearish flow before price confirmation

Put-side pressure is present before a decisive weekly price breakdown.

Why this matters

Put-heavy activity matters because it connects the options headline to the actual evidence: $98 of estimated gross traded notional, puts · 91+ days · otm, and a bearish flow before price confirmation backdrop. Use it as a research priority signal, then validate the chart, liquidity, event calendar, and risk before acting.

Options pressure-99
1W price-0.2%
Call premium0%
Put premium100%
Notional split C 0% / P 100% 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.
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 · OTM
Puts · 91+ days · OTM puts cluster with 4 contracts traded, $72 estimated gross traded notional, and 74% of visible notional.
$72
Puts · 0-7 days · OTM puts cluster with 5 contracts traded, $25 estimated gross traded notional, and 26% of visible notional.
$25

Setup Classification

Opportunity and risk frame

Context, not advice
Negative Options disagreement

Options positioning is not confirming the underlying trend context.

Activity Anomaly

Quiet tape

11

Activity is muted versus this ticker's stored history.

Baseline: 12 completed sessions

Volume rank8th
Volume/OI rank8th
IV rank17th

Market Context

Underlying confirmation

Sharemaestro weekly
Close134.55
1W-0.2%
RS52.3
Fair value+155.0%
Options pressure-99
Speculation2
Volatility11
Trend fit0

Today Versus Normal

Stored-options context

View history
Expected move 1.2% near normal
30d avg 1.8% · 12 sessions 33th
90d avg - · 12/30 sessions -
180d avg - · 12/60 sessions -
IV 0.09 muted
30d avg 0.16 · 12 sessions 17th
90d avg - · 12/30 sessions -
180d avg - · 12/60 sessions -
Put-call - history building
30d avg 0.57 · 11 sessions -
90d avg - · 11/30 sessions -
180d avg - · 11/60 sessions -
Volume/OI 0.00 muted
30d avg 0.01 · 12 sessions 8th
90d avg - · 12/30 sessions -
180d avg - · 12/60 sessions -

Pressure Trail

Recent pressure and volatility

Open trail
29 Jul 10:35 Bullish
Pressure 98
Move 3.0%
30 Jul 10:33 Bullish
Pressure 92
Move 3.1%
30 Jul 18:45 Bullish
Pressure 95
Move 0.1%
31 Jul 11:11 Bullish
Pressure 48
Move 2.6%
31 Jul 15:11 Bullish
Pressure 94
Move 0.1%
1 Aug 05:14 Mixed
Pressure 18
Move 3.5%
2 Aug 18:39 Mixed
Pressure 18
Move 3.5%
4 Aug 00:15 Bullish
Pressure 100
Move 2.0%

Strike Map

Where activity is clustering

Full strike map
Strike45.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike50.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike55.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike60.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike65.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike70.00
Calls · V 0 · OI 3
Puts · V 0 · OI 0
Strike75.00
Calls · V 0 · OI 2
Puts · V 0 · OI 0
Strike80.00
Calls · V 0 · OI 71
Puts · V 0 · OI 0

Term Structure

Expiration activity

Volume and IV
Expiry21 Aug 2026
Contracts62
Avg IV0.09
Put-call-
Expiry18 Sep 2026
Contracts46
Avg IV0.09
Put-call-
Expiry16 Oct 2026
Contracts66
Avg IV0.04
Put-call-
Expiry20 Nov 2026
Contracts64
Avg IV0.04
Put-call-
Expiry18 Dec 2026
Contracts64
Avg IV0.04
Put-call-

Skew

Call/put IV balance

OTM demand
21 Aug 2026Put IV premium
Call IV0.01
Put IV0.11
Skew0.10
18 Sep 2026Balanced skew
Call IV0.05
Put IV0.09
Skew0.04
16 Oct 2026Balanced skew
Call IV0.03
Put IV0.04
Skew0.01
20 Nov 2026Balanced skew
Call IV0.05
Put IV0.06
Skew0.01
18 Dec 2026Balanced skew
Call IV0.02
Put IV0.06
Skew0.04

Contract Tape

Most active contracts

Full contract tape
ContractAPGE260821P00130000
SidePut
Expiry21 Aug 2026
Strike130.00
Volume5
OI19
IV0.11
ContractAPGE271217P00130000
SidePut
Expiry17 Dec 2027
Strike130.00
Volume3
OI155
IV0.04
ContractAPGE271217P00090000
SidePut
Expiry17 Dec 2027
Strike90.00
Volume1
OI-
IV0.13
ContractAPGE260821P00090000
SidePut
Expiry21 Aug 2026
Strike90.00
Volume-
OI5008
IV1.02
ContractAPGE260918C00135000
SideCall
Expiry18 Sep 2026
Strike135.00
Volume-
OI4206
IV0.01
ContractAPGE261016P00090000
SidePut
Expiry16 Oct 2026
Strike90.00
Volume-
OI2005
IV0.35
ContractAPGE261016C00135000
SideCall
Expiry16 Oct 2026
Strike135.00
Volume-
OI1480
IV0.01
ContractAPGE261120P00125000
SidePut
Expiry20 Nov 2026
Strike125.00
Volume-
OI1004
IV0.06

Evidence context