Ticker Options Intelligence

TBPH options intelligence

Theravance Biopharma Inc options pressure, expected move, strike concentration, and Sharemaestro trend context.

Conviction 29 Market data through 29 Jul 2026 Checked 30 Jul 2026 00:29 · complete available chain

Call-side pressure

Bullish pressure

TBPH currently carries bullish options pressure with a 29/100 conviction score. The nearest-chain expected move is 9.3%, with volume/open-interest participation at 0.07.

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

Call-side pressure

Expected move 9.3%

Wider near-term move priced

Activity / OI 0.07

Current volume is quieter versus prior open interest

Put-call 0.51

Call-side skew

Trend fit 41

Options are not fully confirming trend

Weekly backdrop -0.4%

RS -5.5

Expected move 9.3%
Put-call volume 0.51
Volume / OI 0.07
Reference IV 0.37
Max pain 15.00
Underlying 16.86
Nearest expiry 21 Aug 2026
Contracts 34

Options Intent Radar

Earnings/event positioning

71/100
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 Bullish flow before price confirmation

Call-side pressure is building before a meaningful weekly price response.

Why this matters

Earnings/event positioning matters because it connects the options headline to the actual evidence: $33822 of estimated gross traded notional, calls · 91+ days · itm, and a bullish 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+21
1W price-0.4%
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 0.07 Volume divided by open interest across the visible chain.
Trend fit 41/100 Agreement between options pressure and Sharemaestro market context.
Event window 11 Aug Matched earnings event is 12 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 · ITM
Calls · 91+ days · ITM calls cluster with 75 contracts traded, $28084 estimated gross traded notional, and 83% of visible notional.
$28084
Puts · 46-90 days · OTM puts cluster with 54 contracts traded, $1872 estimated gross traded notional, and 6% of visible notional.
$1872
Calls · 22-45 days · OTM calls cluster with 23 contracts traded, $1200 estimated gross traded notional, and 4% of visible notional.
$1200
Calls · 46-90 days · ITM calls cluster with 2 contracts traded, $1170 estimated gross traded notional, and 3% of visible notional.
$1170
Calls · 91+ days · OTM calls cluster with 20 contracts traded, $955 estimated gross traded notional, and 3% of visible notional.
$955

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.

Warning Bullish pressure over fair value

Call pressure is building while the stock sits above Sharemaestro fair value.

Activity Anomaly

Above normal

67

Activity is running above the recent historical baseline.

Volume rank100th
Volume/OI rank100th
IV rank0th

Market Context

Underlying confirmation

Sharemaestro weekly
Close16.86
1W-0.4%
RS-5.5
Fair value+44.0%
Options pressure21
Speculation17
Volatility63
Trend fit41

Today Versus Normal

Stored-options context

View history
Expected move 9.3% muted
30d avg 13.0% · 1 read 0th
90d avg 13.0% · 1 read 0th
180d avg 13.0% · 1 read 0th
IV 0.37 muted
30d avg 0.52 · 1 read 0th
90d avg 0.52 · 1 read 0th
180d avg 0.52 · 1 read 0th
Put-call 0.51 normal building
30d avg - · 0 reads -
90d avg - · 0 reads -
180d avg - · 0 reads -
Volume/OI 0.07 elevated
30d avg 0.00 · 1 read 100th
90d avg 0.00 · 1 read 100th
180d avg 0.00 · 1 read 100th

Pressure Trail

Recent pressure and volatility

Open trail
29 Jul 11:17 Mixed
Pressure -12
Move 13.0%
29 Jul 23:29 Bullish
Pressure 21
Move 9.3%

Strike Map

Where activity is clustering

Full strike map
Strike15.00
Calls · V 0 · OI 0
Puts · V 0 · OI 20
Strike17.50
Calls · V 2 · OI 35
Puts · V 0 · OI 0
Strike20.00
Calls · V 21 · OI 44
Puts · V 0 · OI 0

Term Structure

Expiration activity

Volume and IV
Expiry21 Aug 2026
Contracts3
Avg IV0.37
Put-call-
Expiry18 Sep 2026
Contracts8
Avg IV0.73
Put-call6.88
Expiry18 Dec 2026
Contracts12
Avg IV0.56
Put-call0.03
Expiry15 Jan 2027
Contracts10
Avg IV0.45
Put-call0.14
Expiry19 Mar 2027
Contracts1
Avg IV0.85
Put-call-

Skew

Call/put IV balance

OTM demand
21 Aug 2026Put IV premium
Call IV0.22
Put IV0.33
Skew0.11
18 Sep 2026Call IV premium
Call IV1.06
Put IV0.22
Skew-0.83
18 Dec 2026Put IV premium
Call IV0.11
Put IV0.16
Skew0.06
15 Jan 2027Put IV premium
Call IV0.10
Put IV0.15
Skew0.05
19 Mar 2027Incomplete skew
Call IV-
Put IV-
Skew-

Contract Tape

Most active contracts

Full contract tape
ContractTBPH270319P00017500
SidePut
Expiry19 Mar 2027
Strike17.50
Volume-
OI50
IV0.85
ContractTBPH261218P00015000
SidePut
Expiry18 Dec 2026
Strike15.00
Volume-
OI40
IV0.16
ContractTBPH260918C00022500
SideCall
Expiry18 Sep 2026
Strike22.50
Volume-
OI28
IV1.62
ContractTBPH270115C00012500
SideCall
Expiry15 Jan 2027
Strike12.50
Volume-
OI20
IV0.54
ContractTBPH260821P00015000
SidePut
Expiry21 Aug 2026
Strike15.00
Volume-
OI20
IV0.33
ContractTBPH270115C00022500
SideCall
Expiry15 Jan 2027
Strike22.50
Volume-
OI6
IV0.89
ContractTBPH261218C00007500
SideCall
Expiry18 Dec 2026
Strike7.50
Volume-
OI4
IV1.21
ContractTBPH261218P00010000
SidePut
Expiry18 Dec 2026
Strike10.00
Volume-
OI1
IV1.51