Ticker Options Intelligence

TWST options intelligence

Twist Bioscience Corp options pressure, expected move, strike concentration, and Sharemaestro trend context.

Conviction 58 Market data through 31 Jul 2026 Checked 31 Jul 2026 14:53 · complete available chain

Volatility expansion watch

Volatility pressure

TWST currently carries volatility options pressure with a 58/100 conviction score. The nearest-chain expected move is 20.8%, with volume/open-interest participation at 0.09.

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

Volatility expansion watch

Expected move 20.8%

Wider near-term move priced

Activity / OI 0.09

Current volume is quieter versus prior open interest

Put-call 0.56

Call-side skew

Trend fit 89

Options agree with trend context

Weekly backdrop -3.8%

RS 81.2

Expected move 20.8%
Put-call volume 0.56
Volume / OI 0.09
Reference IV 1.06
Max pain 90.00
Underlying 90.27
Nearest expiry 21 Aug 2026
Contracts 184

Research Brief

TWST has a volatility chain read with 58/100 evidence alignment.

The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 71.47–109.07; The largest call open-interest concentration is 95.00; the largest put concentration is 75.00. The most active strike by current volume is 97.50.

Priced range71.47–109.07
Call concentration95.00
Put concentration75.00
Max pain reference90.00
What would confirm it
  • A clear directional pressure reading develops and price begins to agree.
  • The current chain read already agrees with the stored weekly trend context.
What would weaken it
  • Volatility falls and the chain remains directionally mixed.
  • 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 71.47 to 109.07. Max pain at 90.00 sits inside that range, 0.3% below spot.

Spot Max pain
71.4790.27 ± 18.80109.07
Confirmation level

A close beyond 109.07 or below 71.47 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 58/100

Evidence alignment, not probability

Pressure is 38/100 toward calls; conviction uses its strength, while the signal label carries its direction.

Directional pressure38 × 42%
+16.0

How strongly activity leans toward calls or puts.

Participation42 × 22%
+9.3

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

Trend agreement89 × 26%
+23.2

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 score58.0Matches stored calculation

Positioning by Strike

Where open interest and current activity concentrate

Full strike map

The largest call open-interest concentration is 95.00; the largest put concentration is 75.00. The most active strike by current volume is 97.50. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.

Put open interestStrikeCall open interest
3
50.00-44.6%
10
19
65.00-28.0%
2
25
70.00-22.5%
4
305
75.00-16.9%
10
23
77.50-14.1%
0
26
80.00-11.4%
8
16
82.50-8.6%
0
32
85.00-5.8%
1
40
90.00-0.3%
1123
26
92.502.5%
357
48
95.005.2%
1131
10
97.508.0%
2
4
100.0010.8%
60
5
105.0016.3%
26
2
110.0021.9%
59
0
115.0027.4%
21
1
120.0032.9%
161
Nearest spot strike Max pain strikeBars show relative OI within this expiry

Volatility Curve

Front-loaded volatility

1.21× front/back

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

1.06 21 Aug 21d
0.88 18 Sep 49d
0.85 16 Oct 77d
0.85 15 Jan 168d
0.88 17 Jun 321d
0.87 17 Dec 504d

Volatility by Strike

Balanced wings

Nearest expiry, within 20% of spot

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

75
78
80
83
85
88
90
93
95
98
100
105
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

A99/100
Retained chain100%
Implied volatility100%
Two-sided quotes100%
Open interest100%
Chain status
Complete available chain
Market date
31 Jul 2026
Calculation
v2.0
Contracts
184 / 184
  • 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 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: $1.3M of estimated gross traded notional, calls · 91+ days · atm, 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+38
1W price-3.8%
Call premium77%
Put premium23%
Notional split C 77% / P 23% Estimated gross traded notional uses volume × contract multiplier × midpoint, or last price when no valid midpoint is available.
Freshness 0.09 Volume divided by open interest across the visible chain.
Trend fit 89/100 Agreement between options pressure and Sharemaestro market context.
Event window 3 Aug Matched earnings event is 2 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 · 91+ days · ATM
Calls · 91+ days · ATM calls cluster with 128 contracts traded, $282860 estimated gross traded notional, and 22% of visible notional.
$282860
Calls · 91+ days · ITM calls cluster with 57 contracts traded, $241220 estimated gross traded notional, and 19% of visible notional.
$241220
Calls · 46-90 days · ITM calls cluster with 53 contracts traded, $201851 estimated gross traded notional, and 16% of visible notional.
$201851
Puts · 91+ days · ATM puts cluster with 75 contracts traded, $150875 estimated gross traded notional, and 12% of visible notional.
$150875
Calls · 91+ days · OTM calls cluster with 110 contracts traded, $148735 estimated gross traded notional, and 12% of visible notional.
$148735

Setup Classification

Opportunity and risk frame

Context, not advice
Positive Options-confirmed trend

Positioning agrees with the Sharemaestro trend backdrop.

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.

Warning Crowded strike risk

Underlying price is close to the max-pain zone.

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
Close90.27
1W-3.8%
RS81.2
Fair value+122.8%
Options pressure38
Speculation42
Volatility96
Trend fit89

Today Versus Normal

Stored-options context

View history
Expected move 20.8% history building
30d avg - · 3/10 sessions -
90d avg - · 3/30 sessions -
180d avg - · 3/60 sessions -
IV 1.06 history building
30d avg - · 3/10 sessions -
90d avg - · 3/30 sessions -
180d avg - · 3/60 sessions -
Put-call 0.56 history building
30d avg - · 3/10 sessions -
90d avg - · 3/30 sessions -
180d avg - · 3/60 sessions -
Volume/OI 0.09 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 10:43 Volatility
Pressure 84
Move 19.7%
30 Jul 13:24 Volatility
Pressure 100
Move 19.2%
30 Jul 14:43 Volatility
Pressure 34
Move 18.6%
30 Jul 15:03 Volatility
Pressure 34
Move 18.7%
30 Jul 17:39 Volatility
Pressure 80
Move 19.9%
30 Jul 19:31 Volatility
Pressure 81
Move 20.2%
31 Jul 13:53 Volatility
Pressure 38
Move 20.8%

Strike Map

Where activity is clustering

Full strike map
Strike50.00
Calls · V 3 · OI 10
Puts · V 0 · OI 3
Strike55.00
Calls · V 0 · OI 0
Puts · V 0 · OI 2
Strike65.00
Calls · V 2 · OI 2
Puts · V 11 · OI 19
Strike70.00
Calls · V 1 · OI 4
Puts · V 10 · OI 25
Strike75.00
Calls · V 8 · OI 10
Puts · V 3 · OI 305
Strike77.50
Calls · V 0 · OI 0
Puts · V 1 · OI 23
Strike80.00
Calls · V 1 · OI 8
Puts · V 1 · OI 26
Strike82.50
Calls · V 1 · OI 0
Puts · V 1 · OI 16

Term Structure

Expiration activity

Volume and IV
Expiry21 Aug 2026
Contracts42
Avg IV1.06
Put-call1.38
Expiry18 Sep 2026
Contracts9
Avg IV0.88
Put-call-
Expiry16 Oct 2026
Contracts60
Avg IV0.85
Put-call0.88
Expiry15 Jan 2027
Contracts50
Avg IV0.85
Put-call0.34
Expiry17 Jun 2027
Contracts8
Avg IV0.88
Put-call-

Skew

Call/put IV balance

OTM demand
21 Aug 2026Call IV premium
Call IV1.17
Put IV1.02
Skew-0.16
18 Sep 2026Incomplete skew
Call IV0.89
Put IV-
Skew-
16 Oct 2026Call IV premium
Call IV0.89
Put IV0.82
Skew-0.07
15 Jan 2027Call IV premium
Call IV0.86
Put IV0.79
Skew-0.07
17 Jun 2027Call IV premium
Call IV0.87
Put IV0.81
Skew-0.06

Contract Tape

Most active contracts

Full contract tape
ContractTWST260821P00092500
SidePut
Expiry21 Aug 2026
Strike92.50
Volume-
OI26
IV0.95
ContractTWST271217C00095000
SideCall
Expiry17 Dec 2027
Strike95.00
Volume-
OI13
IV0.87
ContractTWST270115P00087500
SidePut
Expiry15 Jan 2027
Strike87.50
Volume-
OI12
IV0.79
ContractTWST270115C00097500
SideCall
Expiry15 Jan 2027
Strike97.50
Volume-
OI9
IV0.87
ContractTWST261016P00067500
SidePut
Expiry16 Oct 2026
Strike67.50
Volume-
OI5
IV1.55
ContractTWST271217P00047500
SidePut
Expiry17 Dec 2027
Strike47.50
Volume-
OI4
IV0.80
ContractTWST261016C00067500
SideCall
Expiry16 Oct 2026
Strike67.50
Volume-
OI3
IV0.00
ContractTWST260821P00050000
SidePut
Expiry21 Aug 2026
Strike50.00
Volume-
OI3
IV1.78