Primary read
Volatility
Volatility expansion watch
Ticker Options Intelligence
RGNX options intelligence
Regenxbio Inc options pressure, expected move, strike concentration, and Sharemaestro trend context.
Conviction
49
Market data through 31 Jul 2026
Checked 2 Aug 2026 00:57 · complete available chain
Volatility expansion watch
Volatility pressure
RGNX currently carries volatility options pressure with a 49/100 conviction score. The nearest-chain expected move is 20.6%, with volume/open-interest participation at 0.03.
Expected move
20.6%
Wider near-term move priced
Activity / OI
0.03
Current volume is quieter versus prior open interest
Put-call
0.09
Call-side skew
Trend fit
0
Options are not fully confirming trend
Weekly backdrop
-0.4%
RS -13.7
Expected move
20.6%
Put-call volume
0.09
Volume / OI
0.03
Reference IV
0.86
Max pain
10.00
Underlying
9.69
Nearest expiry
21 Aug 2026
Contracts
170
Research Brief
RGNX has a volatility chain read with 49/100 evidence alignment.
The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 7.69–11.69; The largest call open-interest concentration is 10.00; the largest put concentration is 9.00. The most active strike by current volume is 10.00.
Priced range7.69–11.69
Call concentration10.00
Put concentration9.00
Max pain reference10.00
- A clear directional pressure reading develops and price begins to agree.
- 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
Options imply 7.69 to 11.69. Max pain at 10.00 sits inside that range, 3.2% above spot.
Spot
Max pain
7.699.69 ± 2.0011.69
Confirmation level
A close beyond 11.69 or below 7.69 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 49/100
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.
Participation7 × 22%
+1.4
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.
Positioning by Strike
Where open interest and current activity concentrate
The largest call open-interest concentration is 10.00; the largest put concentration is 9.00. The most active strike by current volume is 10.00. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.
Put open interestStrikeCall open interest
0
1.00-89.7%
0
0
2.00-79.4%
0
20
5.00-48.4%
13
2
6.00-38.1%
0
29
7.00-27.8%
0
357
8.00-17.4%
0
442
9.00-7.1%
17
51
10.003.2%
1821
21
11.0013.5%
20
17
12.0023.8%
479
0
13.0034.2%
42
8
14.0044.5%
273
22
15.0054.8%
98
0
16.0065.1%
54
0
17.0075.4%
6
0
20.00106.4%
1
0
25.00158.0%
6
Nearest spot strike Max pain strikeBars show relative OI within this expiry
Volatility Curve
Back-loaded volatility
Longer-dated options carry more implied volatility than the front expiry, so risk is priced farther out.
0.86
21 Aug
21d
1.17
18 Sep
49d
1.16
16 Oct
77d
1.10
15 Jan
168d
Volatility by Strike
Downside protection premium
Out-of-the-money puts carry higher implied volatility than comparable calls, indicating richer downside protection.
8
9
10
11
Put IV Call IV
Historical Replay
How matured reads behaved through expiry
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
Retained chain100%
Implied volatility100%
Two-sided quotes100%
Open interest100%
- Chain status
- Complete available chain
- Market date
- 31 Jul 2026
- Calculation
- v2.0
- Contracts
- 170 / 170
- 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
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: $21672 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-0.4%
Call premium99%
Put premium1%
Notional split
C 99% / P 1%
Estimated gross traded notional uses volume × contract multiplier × midpoint, or last price when no valid midpoint is available.
Freshness
0.03
Volume divided by open interest across the visible chain.
Trend fit
0/100
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.
Calls · 8-21 days · OTM
calls cluster with 190 contracts traded, $16860 estimated gross traded notional, and 78% of visible notional.
$16860
Calls · 91+ days · ITM
calls cluster with 5 contracts traded, $4475 estimated gross traded notional, and 21% of visible notional.
$4475
Puts · 8-21 days · OTM
puts cluster with 16 contracts traded, $122 estimated gross traded notional, and 1% of visible notional.
$122
Calls · 46-90 days · OTM
calls cluster with 1 contracts traded, $120 estimated gross traded notional, and 1% of visible notional.
$120
Puts · 46-90 days · OTM
puts cluster with 1 contracts traded, $95 estimated gross traded notional, and 0% of visible notional.
$95
Setup Classification
Opportunity and risk frame
The tape is pricing or displaying unusually elevated activity.
Expected move or upcoming earnings makes the setup more event-sensitive.
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
Close9.69
1W-0.4%
RS-13.7
Fair value-18.7%
Options pressure91
Speculation7
Volatility96
Trend fit0
Today Versus Normal
Stored-options context
30d avg - · 3/10 sessions
-
90d avg - · 3/30 sessions
-
180d avg - · 3/60 sessions
-
30d avg - · 3/10 sessions
-
90d avg - · 3/30 sessions
-
180d avg - · 3/60 sessions
-
30d avg - · 3/10 sessions
-
90d avg - · 3/30 sessions
-
180d avg - · 3/60 sessions
-
30d avg - · 3/10 sessions
-
90d avg - · 3/30 sessions
-
180d avg - · 3/60 sessions
-
Pressure Trail
Recent pressure and volatility
29 Jul 11:35
Mixed
Pressure -7
Move 34.2%
30 Jul 11:15
Volatility
Pressure -57
Move 22.4%
31 Jul 10:51
Volatility
Pressure 100
Move 25.4%
1 Aug 23:57
Volatility
Pressure 91
Move 20.6%
Strike Map
Where activity is clustering
Strike1.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike2.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike3.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike4.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike5.00
Calls · V 0 · OI 13
Puts · V 15 · OI 20
Strike6.00
Calls · V 0 · OI 0
Puts · V 0 · OI 2
Strike7.00
Calls · V 0 · OI 0
Puts · V 0 · OI 29
Strike8.00
Calls · V 0 · OI 0
Puts · V 0 · OI 357
Term Structure
Expiration activity
Expiry21 Aug 2026
Contracts44
Avg IV0.86
Put-call0.08
Expiry18 Sep 2026
Contracts34
Avg IV1.17
Put-call-
Expiry16 Oct 2026
Contracts46
Avg IV1.16
Put-call-
Expiry15 Jan 2027
Contracts46
Avg IV1.10
Put-call-
Skew
Call/put IV balance
21 Aug 2026Call IV premium
Call IV1.67
Put IV0.86
Skew-0.81
18 Sep 2026Call IV premium
Call IV1.64
Put IV0.13
Skew-1.51
16 Oct 2026Call IV premium
Call IV1.09
Put IV0.97
Skew-0.12
15 Jan 2027Put IV premium
Call IV0.20
Put IV1.80
Skew1.60
Contract Tape
Most active contracts
ContractRGNX260821C00010000
SideCall
Expiry21 Aug 2026
Strike10.00
Volume184
OI1821
IV0.09
ContractRGNX260821P00005000
SidePut
Expiry21 Aug 2026
Strike5.00
Volume15
OI20
IV1.25
ContractRGNX260821C00011000
SideCall
Expiry21 Aug 2026
Strike11.00
Volume6
OI20
IV0.29
ContractRGNX270115C00001000
SideCall
Expiry15 Jan 2027
Strike1.00
Volume5
OI-
IV2.81
ContractRGNX261016C00012000
SideCall
Expiry16 Oct 2026
Strike12.00
Volume1
OI671
IV1.09
ContractRGNX260821P00009000
SidePut
Expiry21 Aug 2026
Strike9.00
Volume1
OI442
IV0.86
ContractRGNX260918P00009000
SidePut
Expiry18 Sep 2026
Strike9.00
Volume1
OI24
IV0.13
ContractRGNX270115C00006000
SideCall
Expiry15 Jan 2027
Strike6.00
Volume-
OI628
IV1.54
Research Graph
Related research and context
Sharemaestro research
Related News
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Market Watch
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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.