Primary read
Bearish
Put-side pressure
Ticker Options Intelligence
AXSM options intelligence
Axsome Therapeutics Inc options pressure, expected move, strike concentration, and Sharemaestro trend context.
Conviction
45
Market data through 29 Jul 2026
Checked 30 Jul 2026 03:44 · complete available chain
Put-side pressure
Bearish pressure
AXSM currently carries bearish options pressure with a 45/100 conviction score. The nearest-chain expected move is 10.7%, with volume/open-interest participation at 0.01.
Expected move
10.7%
Wider near-term move priced
Activity / OI
0.01
Current volume is quieter versus prior open interest
Put-call
6.20
Put-side skew
Trend fit
25
Options are not fully confirming trend
Weekly backdrop
+4.8%
RS 31.7
Expected move
10.7%
Put-call volume
6.20
Volume / OI
0.01
Reference IV
0.52
Max pain
240.00
Underlying
241.00
Nearest expiry
21 Aug 2026
Contracts
678
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.
Put-side pressure is building while price is rising, a cautionary divergence.
Earnings/event positioning matters because it connects the options headline to the actual evidence: $202422 of estimated gross traded notional, puts · 46-90 days · otm, and a bearish flow against rising price backdrop. Use it as a research priority signal, then validate the chart, liquidity, event calendar, and risk before acting.
Options pressure-70
1W price+4.8%
Call premium50%
Put premium50%
Notional split
C 50% / P 50%
Estimated gross traded notional uses volume × contract multiplier × midpoint, or last price when no valid midpoint is available.
Freshness
0.01
Volume divided by open interest across the visible chain.
Trend fit
25/100
Agreement between options pressure and Sharemaestro market context.
Event window
3 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.
Puts · 46-90 days · OTM
puts cluster with 208 contracts traded, $93285 estimated gross traded notional, and 46% of visible notional.
$93285
Calls · 91+ days · ITM
calls cluster with 8 contracts traded, $39845 estimated gross traded notional, and 20% of visible notional.
$39845
Calls · 91+ days · OTM
calls cluster with 11 contracts traded, $29460 estimated gross traded notional, and 15% of visible notional.
$29460
Calls · 46-90 days · ITM
calls cluster with 3 contracts traded, $11310 estimated gross traded notional, and 6% of visible notional.
$11310
Calls · 91+ days · ATM
calls cluster with 2 contracts traded, $10650 estimated gross traded notional, and 5% of visible notional.
$10650
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.
Underlying price is close to the max-pain zone.
Activity Anomaly
Normal range
Activity is broadly in line with recent stored snapshots.
Volume rank0th
Volume/OI rank0th
IV rank100th
Market Context
Underlying confirmation
Close241.00
1W+4.8%
RS31.7
Fair value+108.4%
Options pressure-70
Speculation6
Volatility76
Trend fit25
Today Versus Normal
Stored-options context
30d avg 10.3% · 1 read
100th
90d avg 10.3% · 1 read
100th
180d avg 10.3% · 1 read
100th
30d avg 0.51 · 1 read
100th
90d avg 0.51 · 1 read
100th
180d avg 0.51 · 1 read
100th
30d avg 5.44 · 1 read
100th
90d avg 5.44 · 1 read
100th
180d avg 5.44 · 1 read
100th
30d avg 0.01 · 1 read
0th
90d avg 0.01 · 1 read
0th
180d avg 0.01 · 1 read
0th
Pressure Trail
Recent pressure and volatility
29 Jul 10:25
Bearish
Pressure -67
Move 10.3%
30 Jul 02:44
Bearish
Pressure -70
Move 10.7%
Strike Map
Where activity is clustering
Strike155.00
Calls · V 0 · OI 0
Puts · V 0 · OI 1
Strike160.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike165.00
Calls · V 0 · OI 0
Puts · V 0 · OI 40
Strike170.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike175.00
Calls · V 0 · OI 0
Puts · V 0 · OI 28
Strike180.00
Calls · V 0 · OI 0
Puts · V 0 · OI 21
Strike185.00
Calls · V 0 · OI 0
Puts · V 0 · OI 1
Strike190.00
Calls · V 0 · OI 60
Puts · V 0 · OI 11
Term Structure
Expiration activity
Expiry21 Aug 2026
Contracts56
Avg IV0.52
Put-call0.80
Expiry18 Sep 2026
Contracts84
Avg IV0.46
Put-call52.00
Expiry18 Dec 2026
Contracts80
Avg IV0.48
Put-call0.20
Expiry15 Jan 2027
Contracts104
Avg IV0.48
Put-call-
Expiry19 Mar 2027
Contracts72
Avg IV0.49
Put-call-
Skew
Call/put IV balance
21 Aug 2026Balanced skew
Call IV0.53
Put IV0.48
Skew-0.05
18 Sep 2026Balanced skew
Call IV0.46
Put IV0.44
Skew-0.02
18 Dec 2026Balanced skew
Call IV0.46
Put IV0.49
Skew0.03
15 Jan 2027Balanced skew
Call IV0.47
Put IV0.48
Skew0.01
19 Mar 2027Balanced skew
Call IV0.47
Put IV0.49
Skew0.02
Contract Tape
Most active contracts
ContractAXSM260918P00200000
SidePut
Expiry18 Sep 2026
Strike200.00
Volume205
OI951
IV0.45
ContractAXSM260821P00220000
SidePut
Expiry21 Aug 2026
Strike220.00
Volume4
OI705
IV0.49
ContractAXSM260821C00240000
SideCall
Expiry21 Aug 2026
Strike240.00
Volume4
OI65
IV0.51
ContractAXSM261218C00230000
SideCall
Expiry18 Dec 2026
Strike230.00
Volume4
OI7
IV0.50
ContractAXSM270115C00270000
SideCall
Expiry15 Jan 2027
Strike270.00
Volume3
OI481
IV0.47
ContractAXSM260821P00200000
SidePut
Expiry21 Aug 2026
Strike200.00
Volume3
OI30
IV0.56
ContractAXSM260918C00195000
SideCall
Expiry18 Sep 2026
Strike195.00
Volume3
OI13
IV0.50
ContractAXSM270115C00260000
SideCall
Expiry15 Jan 2027
Strike260.00
Volume2
OI392
IV0.48
Research Graph
Related research and context
Sharemaestro research
Related News
Market Watch
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.