Ticker Options Intelligence

ANIK options intelligence

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

Conviction 53 Market data through 31 Jul 2026 Checked 1 Aug 2026 14:19 · complete available chain

Call-side pressure

Bullish pressure

ANIK currently carries bullish options pressure with a 53/100 conviction score. The nearest-chain expected move is 7.4%, with volume/open-interest participation at 0.13.

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

Call-side pressure

Expected move 7.4%

Wider near-term move priced

Activity / OI 0.13

Current volume is quieter versus prior open interest

Put-call 0.00

Call-side skew

Trend fit 15

Options are not fully confirming trend

Weekly backdrop +29.0%

RS 49.6

Expected move 7.4%
Put-call volume -
Volume / OI 0.13
Reference IV 0.31
Max pain 17.50
Underlying 19.28
Nearest expiry 21 Aug 2026
Contracts 84

Research Brief

ANIK has a bullish chain read with 53/100 evidence alignment.

The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 17.86–20.70; The largest call open-interest concentration is 17.50; the largest put concentration is 12.50. The most active strike by current volume is 17.50.

Priced range17.86–20.70
Call concentration17.50
Put concentration12.50
Max pain reference17.50
What would confirm it
  • Price holds or improves while call-side concentration remains elevated.
What would weaken it
  • Price weakens while call pressure fades or reverses toward puts.
  • 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 17.86 to 20.70. Max pain at 17.50 lies outside the priced range, so it is a weak near-term anchor.

Spot Max pain
17.8619.28 ± 1.4220.70
Confirmation level

A close beyond 20.70 or below 17.86 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 53/100

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.

Participation9 × 22%
+1.9

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

Trend agreement15 × 26%
+3.9

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

Volatility51 × 10%
+5.1

The intensity of implied volatility and the priced move.

Reconstructed score52.9Matches stored calculation

Positioning by Strike

Where open interest and current activity concentrate

Full strike map

The largest call open-interest concentration is 17.50; the largest put concentration is 12.50. The most active strike by current volume is 17.50. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.

Put open interestStrikeCall open interest
1
2.50-87.0%
0
0
5.00-74.1%
0
0
7.50-61.1%
0
0
10.00-48.1%
0
7
12.50-35.2%
0
3
15.00-22.2%
1
5
17.50-9.2%
28
0
20.003.7%
0
0
22.5016.7%
0
5
25.0029.7%
0
Nearest spot strike Max pain strikeBars show relative OI within this expiry

Volatility Curve

Front-loaded volatility

1.16× front/back

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

0.31 21 Aug 21d
0.18 18 Sep 49d
0.42 18 Dec 140d
0.26 19 Mar 231d

Volatility by Strike

Balanced wings

Nearest expiry, within 20% of spot

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

18
20
23
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

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
84 / 84
  • 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

Multi-expiry position-maintenance candidate

57/100
Primary intent Multi-expiry position-maintenance candidate

Activity is spread across expirations with heavier open interest than current volume, which can be consistent with position maintenance.

Flow vs price divergence Bullish flow confirms price

Options pressure and weekly price action are pointing in the same constructive direction.

Why this matters

Multi-expiry position-maintenance candidate matters because it connects the options headline to the actual evidence: $4995 of estimated gross traded notional, calls · 8-21 days · itm, and a bullish flow confirms 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+29.0%
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 0.13 Volume divided by open interest across the visible chain.
Trend fit 15/100 Agreement between options pressure and Sharemaestro market context.
Aggregate chain data does not identify trade aggressor or opening versus closing activity; call/put concentration is not proof of market direction. Roll detection is conservative because opening and closing legs are not directly observable in this snapshot.
Conviction clusters Calls · 8-21 days · ITM
Calls · 8-21 days · ITM calls cluster with 20 contracts traded, $4050 estimated gross traded notional, and 81% of visible notional.
$4050
Calls · 91+ days · OTM calls cluster with 3 contracts traded, $600 estimated gross traded notional, and 12% of visible notional.
$600
Calls · 46-90 days · ITM calls cluster with 1 contracts traded, $345 estimated gross traded notional, and 7% of visible notional.
$345

Setup Classification

Opportunity and risk frame

Context, not advice
Warning Event-risk setup

Expected move or upcoming earnings makes the setup more event-sensitive.

Negative Options disagreement

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

Sharemaestro weekly
Close19.28
1W+29.0%
RS49.6
Fair value+11.3%
Options pressure100
Speculation9
Volatility51
Trend fit15

Today Versus Normal

Stored-options context

View history
Expected move 7.4% history building
30d avg - · 3/10 sessions -
90d avg - · 3/30 sessions -
180d avg - · 3/60 sessions -
IV 0.31 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 - · 2/10 sessions -
90d avg - · 2/30 sessions -
180d avg - · 2/60 sessions -
Volume/OI 0.13 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 11:41 Volatility
Pressure -92
Move 26.8%
30 Jul 11:19 Volatility
Pressure 100
Move 17.4%
31 Jul 10:53 Volatility
Pressure 41
Move 32.4%
31 Jul 17:37 Volatility
Pressure 46
Move 37.4%
1 Aug 13:19 Bullish
Pressure 100
Move 7.4%

Strike Map

Where activity is clustering

Full strike map
Strike2.50
Calls · V 0 · OI 0
Puts · V 0 · OI 1
Strike5.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike7.50
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike10.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike12.50
Calls · V 0 · OI 0
Puts · V 0 · OI 7
Strike15.00
Calls · V 0 · OI 1
Puts · V 0 · OI 3
Strike17.50
Calls · V 20 · OI 28
Puts · V 0 · OI 5
Strike20.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0

Term Structure

Expiration activity

Volume and IV
Expiry21 Aug 2026
Contracts20
Avg IV0.31
Put-call-
Expiry18 Sep 2026
Contracts20
Avg IV0.18
Put-call-
Expiry18 Dec 2026
Contracts22
Avg IV0.42
Put-call-
Expiry19 Mar 2027
Contracts22
Avg IV0.26
Put-call-

Skew

Call/put IV balance

OTM demand
21 Aug 2026Put IV premium
Call IV0.09
Put IV0.22
Skew0.13
18 Sep 2026Put IV premium
Call IV0.05
Put IV0.14
Skew0.09
18 Dec 2026Put IV premium
Call IV0.11
Put IV0.67
Skew0.56
19 Mar 2027Balanced skew
Call IV0.08
Put IV0.07
Skew-0.01

Contract Tape

Most active contracts

Full contract tape
ContractANIK260821C00017500
SideCall
Expiry21 Aug 2026
Strike17.50
Volume20
OI28
IV0.46
ContractANIK261218C00020000
SideCall
Expiry18 Dec 2026
Strike20.00
Volume3
OI-
IV0.46
ContractANIK260918C00015000
SideCall
Expiry18 Sep 2026
Strike15.00
Volume1
OI30
IV0.01
ContractANIK261218C00015000
SideCall
Expiry18 Dec 2026
Strike15.00
Volume-
OI42
IV0.53
ContractANIK270319P00012500
SidePut
Expiry19 Mar 2027
Strike12.50
Volume-
OI12
IV0.25
ContractANIK270319C00022500
SideCall
Expiry19 Mar 2027
Strike22.50
Volume-
OI10
IV0.08
ContractANIK261218C00017500
SideCall
Expiry18 Dec 2026
Strike17.50
Volume-
OI9
IV0.37
ContractANIK260918C00017500
SideCall
Expiry18 Sep 2026
Strike17.50
Volume-
OI8
IV0.01