Ticker Options Intelligence

ANTX options intelligence

AN2 Therapeutics Inc options pressure, expected move, strike concentration, and Sharemaestro trend context.

Conviction 68 Market data through 31 Jul 2026 Checked 2 Aug 2026 23:50 · complete available chain

Volatility expansion watch

Volatility pressure

ANTX currently carries volatility options pressure with a 68/100 conviction score. The nearest-chain expected move is 13.5%, with volume/open-interest participation at 0.22.

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

Volatility expansion watch

Expected move 13.5%

Wider near-term move priced

Activity / OI 0.22

Current volume is quieter versus prior open interest

Put-call 0.00

Call-side skew

Trend fit 37

Options are not fully confirming trend

Weekly backdrop +8.7%

RS 102.5

Expected move 13.5%
Put-call volume -
Volume / OI 0.22
Reference IV 0.56
Max pain 4.00
Underlying 5.35
Nearest expiry 21 Aug 2026
Contracts 72

Research Brief

ANTX has a volatility chain read with 68/100 evidence alignment.

The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 4.63–6.07; The largest call open-interest concentration is 5.00; the largest put concentration is 3.00. The most active strike by current volume is 1.00.

Priced range4.63–6.07
Call concentration5.00
Put concentration3.00
Max pain reference4.00
What would confirm it
  • A clear directional pressure reading develops and price begins to agree.
What would weaken it
  • Volatility falls and the chain remains directionally mixed.
  • 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 4.63 to 6.07. Max pain at 4.00 lies outside the priced range, so it is a weak near-term anchor.

Spot Max pain
4.635.35 ± 0.726.07
Confirmation level

A close beyond 6.07 or below 4.63 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 68/100

Evidence alignment, not probability

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

Directional pressure100 × 42%
+42.0

How strongly activity leans toward calls or puts.

Participation37 × 22%
+8.2

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

Trend agreement37 × 26%
+9.6

How closely the chain read agrees with the underlying trend backdrop.

Volatility79 × 10%
+7.9

The intensity of implied volatility and the priced move.

Reconstructed score67.7Matches stored calculation

Positioning by Strike

Where open interest and current activity concentrate

Full strike map

The largest call open-interest concentration is 5.00; the largest put concentration is 3.00. The most active strike by current volume is 1.00. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.

Put open interestStrikeCall open interest
0
1.00-81.3%
0
0
2.00-62.6%
0
54
3.00-43.9%
0
2
4.00-25.2%
0
0
5.00-6.5%
1
0
6.0012.1%
0
0
7.0030.8%
0
0
8.0049.5%
0
0
9.0068.2%
0
Nearest spot strike Max pain strikeBars show relative OI within this expiry

Gamma Profile by Strike

Positive gamma proxy

Reported + model-estimated Greeks · 86% 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+$49Delta change / 1% move
Positive peak6.00+$94
Negative peak3.00-$40
Nearest balance5.00Interpolated sign change
StrikeNegativePositiveNet / 1% move
3.00-43.9%
-$40
4.00-25.2%
-$6
5.00-6.5%
+$0
6.0012.1%
+$94
8.0049.5%
+$2
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

1.42× front/back

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

0.56 21 Aug 21d
0.38 18 Sep 49d
0.31 16 Oct 77d
0.40 15 Jan 168d

Volatility by Strike

Upside optionality premium

Nearest expiry, within 20% of spot

Out-of-the-money calls carry higher implied volatility than comparable puts, indicating richer upside optionality.

5
6
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

A97/100
Retained chain100%
Implied volatility100%
Two-sided quotes100%
Open interest100%
Chain status
Complete available chain
Market date
31 Jul 2026
Calculation
v2.0
Contracts
72 / 72
  • 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

82/100
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: $2,000 of estimated gross traded notional, calls · 46-90 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+100
1W price+8.7%
Call premium100%
Put premium0%
Notional split C 100% / P 0% Estimated gross traded notional uses volume × contract multiplier × midpoint, or last price when no valid midpoint is available.
Freshness 0.22 Volume divided by open interest across the visible chain.
Trend fit 37/100 Agreement between options pressure and Sharemaestro market context.
Event window 11 Aug Matched earnings event is 8 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 · 46-90 days · OTM
Calls · 46-90 days · OTM calls cluster with 40 contracts traded, $2,000 estimated gross traded notional, and 100% of visible notional.
$2,000

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.

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
Close5.35
1W+8.7%
RS102.5
Fair value+18.6%
Options pressure100
Speculation37
Volatility79
Trend fit37

Today Versus Normal

Stored-options context

View history
Expected move 13.5% history building
30d avg - · 3/10 sessions -
90d avg - · 3/30 sessions -
180d avg - · 3/60 sessions -
IV 0.56 history building
30d avg - · 3/10 sessions -
90d avg - · 3/30 sessions -
180d avg - · 3/60 sessions -
Put-call 0.00 history building
30d avg - · 1/10 sessions -
90d avg - · 1/30 sessions -
180d avg - · 1/60 sessions -
Volume/OI 0.22 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 11:43 Volatility
Pressure -90
Move 19.2%
30 Jul 11:21 Volatility
Pressure -92
Move 17.1%
31 Jul 05:22 Mixed
Pressure 7
Move 14.8%
1 Aug 05:14 Volatility
Pressure 100
Move 13.9%
2 Aug 22:50 Volatility
Pressure 100
Move 13.5%

Strike Map

Where activity is clustering

Full strike map
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 54
Strike4.00
Calls · V 0 · OI 0
Puts · V 0 · OI 2
Strike5.00
Calls · V 0 · OI 1
Puts · V 0 · OI 0
Strike6.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike7.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike8.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0

Term Structure

Expiration activity

Volume and IV
Expiry21 Aug 2026
Contracts18
Avg IV0.56
Put-call-
Expiry18 Sep 2026
Contracts18
Avg IV0.38
Put-call-
Expiry16 Oct 2026
Contracts18
Avg IV0.31
Put-call-
Expiry15 Jan 2027
Contracts18
Avg IV0.40
Put-call-

Skew

Call/put IV balance

OTM demand
21 Aug 2026Call IV premium
Call IV0.30
Put IV0.21
Skew-0.09
18 Sep 2026Balanced skew
Call IV0.19
Put IV0.14
Skew-0.05
16 Oct 2026Balanced skew
Call IV0.15
Put IV0.11
Skew-0.04
15 Jan 2027Balanced skew
Call IV0.09
Put IV0.08
Skew-0.01

Contract Tape

Most active contracts

Full contract tape
ContractANTX260918C00006000
SideCall
Expiry18 Sep 2026
Strike6.00
Volume40
OI10
IV0.19
ContractANTX260918C00004000
SideCall
Expiry18 Sep 2026
Strike4.00
Volume-
OI113
IV0.01
ContractANTX260821P00003000
SidePut
Expiry21 Aug 2026
Strike3.00
Volume-
OI54
IV1.21
ContractANTX260821P00004000
SidePut
Expiry21 Aug 2026
Strike4.00
Volume-
OI2
IV0.67
ContractANTX260918C00008000
SideCall
Expiry18 Sep 2026
Strike8.00
Volume-
OI1
IV0.53
ContractANTX260821C00005000
SideCall
Expiry21 Aug 2026
Strike5.00
Volume-
OI1
IV0.01
ContractANTX260918P00004000
SidePut
Expiry18 Sep 2026
Strike4.00
Volume-
OI1
IV0.44
ContractANTX260821C00004000
SideCall
Expiry21 Aug 2026
Strike4.00
Volume-
OI-
IV0.01