Ticker Options Intelligence

JAZZ options intelligence

Jazz Pharmaceuticals PLC options pressure, expected move, strike concentration, and Sharemaestro trend context.

Conviction 49 Market data through 31 Jul 2026 Checked 1 Aug 2026 01:30 · complete available chain

Call-side pressure

Bullish pressure

JAZZ currently carries bullish options pressure with a 49/100 conviction score. The nearest-chain expected move is 8.0%, with volume/open-interest participation at 0.01.

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

Call-side pressure

Expected move 8.0%

Wider near-term move priced

Activity / OI 0.01

Current volume is quieter versus prior open interest

Put-call 0.10

Call-side skew

Trend fit 23

Options are not fully confirming trend

Weekly backdrop -0.4%

RS 30.8

Expected move 8.0%
Put-call volume 0.10
Volume / OI 0.01
Reference IV 0.42
Max pain 250.00
Underlying 253.87
Nearest expiry 21 Aug 2026
Contracts 512

Research Brief

JAZZ has a bullish chain read with 49/100 evidence alignment.

The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 233.57–274.17; The largest call open-interest concentration is 280.00; the largest put concentration is 210.00. The most active strike by current volume is 270.00.

Priced range233.57–274.17
Call concentration280.00
Put concentration210.00
Max pain reference250.00
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 233.57 to 274.17. Max pain at 250.00 sits inside that range, 1.5% below spot.

Spot Max pain
233.57253.87 ± 20.30274.17
Confirmation level

A close beyond 274.17 or below 233.57 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 49/100

Evidence alignment, not probability

Pressure is 82/100 toward calls; conviction uses its strength, while the signal label carries its direction.

Directional pressure82 × 42%
+34.6

How strongly activity leans toward calls or puts.

Participation8 × 22%
+1.8

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

Trend agreement23 × 26%
+6.0

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

Volatility61 × 10%
+6.1

The intensity of implied volatility and the priced move.

Reconstructed score48.6Matches stored calculation

Positioning by Strike

Where open interest and current activity concentrate

Full strike map

The largest call open-interest concentration is 280.00; the largest put concentration is 210.00. The most active strike by current volume is 270.00. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.

Put open interestStrikeCall open interest
0
145.00-42.9%
0
0
150.00-40.9%
0
0
155.00-38.9%
0
0
185.00-27.1%
6
3
190.00-25.2%
0
1
195.00-23.2%
0
0
200.00-21.2%
2
426
210.00-17.3%
3
301
220.00-13.3%
3
6
230.00-9.4%
25
3
240.00-5.5%
9
53
250.00-1.5%
51
0
260.002.4%
48
0
270.006.4%
65
0
280.0010.3%
139
0
290.0014.2%
1
0
300.0018.2%
6
Nearest spot strike Max pain strikeBars show relative OI within this expiry

Volatility Curve

Front-loaded volatility

1.20× front/back

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

0.42 21 Aug 21d
0.43 18 Sep 49d
0.37 18 Dec 140d
0.36 15 Jan 168d
0.36 19 Mar 231d
0.35 17 Jun 321d
0.35 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.

210
220
230
240
250
260
270
280
290
300
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

A100/100
Retained chain100%
Implied volatility100%
Two-sided quotes100%
Open interest100%
Chain status
Complete available chain
Market date
31 Jul 2026
Calculation
v2.0
Contracts
512 / 512
  • 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

78/100
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: $138468 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+82
1W price-0.4%
Call premium97%
Put premium3%
Notional split C 97% / P 3% 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 23/100 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 · ITM
Calls · 91+ days · ITM calls cluster with 22 contracts traded, $108875 estimated gross traded notional, and 79% of visible notional.
$108875
Calls · 91+ days · ATM calls cluster with 2 contracts traded, $8170 estimated gross traded notional, and 6% of visible notional.
$8170
Calls · 8-21 days · ITM calls cluster with 3 contracts traded, $6945 estimated gross traded notional, and 5% of visible notional.
$6945
Calls · 8-21 days · ATM calls cluster with 5 contracts traded, $4460 estimated gross traded notional, and 3% of visible notional.
$4460
Calls · 46-90 days · OTM calls cluster with 10 contracts traded, $3125 estimated gross traded notional, and 2% of visible notional.
$3125

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.

Negative Options disagreement

Options positioning is not confirming the underlying trend context.

Warning Crowded strike risk

Underlying price is close to the max-pain zone.

Warning Bullish pressure over fair value

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

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
Close252.86
1W-0.4%
RS30.8
Fair value+82.1%
Options pressure82
Speculation8
Volatility61
Trend fit23

Today Versus Normal

Stored-options context

View history
Expected move 8.0% history building
30d avg - · 3/10 sessions -
90d avg - · 3/30 sessions -
180d avg - · 3/60 sessions -
IV 0.42 history building
30d avg - · 3/10 sessions -
90d avg - · 3/30 sessions -
180d avg - · 3/60 sessions -
Put-call 0.10 history building
30d avg - · 3/10 sessions -
90d avg - · 3/30 sessions -
180d avg - · 3/60 sessions -
Volume/OI 0.01 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 10:22 Bullish
Pressure 61
Move 9.0%
30 Jul 10:19 Bullish
Pressure 89
Move 8.7%
31 Jul 10:10 Bullish
Pressure 66
Move 8.9%
31 Jul 17:09 Bearish
Pressure -50
Move 8.1%
31 Jul 23:14 Bearish
Pressure -49
Move 8.0%
1 Aug 00:30 Bullish
Pressure 82
Move 8.0%

Strike Map

Where activity is clustering

Full strike map
Strike145.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike150.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike155.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike160.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike165.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike170.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike175.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike180.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0

Term Structure

Expiration activity

Volume and IV
Expiry21 Aug 2026
Contracts52
Avg IV0.42
Put-call0.29
Expiry18 Sep 2026
Contracts70
Avg IV0.43
Put-call-
Expiry18 Dec 2026
Contracts82
Avg IV0.37
Put-call-
Expiry15 Jan 2027
Contracts84
Avg IV0.36
Put-call-
Expiry19 Mar 2027
Contracts72
Avg IV0.36
Put-call-

Skew

Call/put IV balance

OTM demand
21 Aug 2026Balanced skew
Call IV0.42
Put IV0.42
Skew-
18 Sep 2026Balanced skew
Call IV0.42
Put IV0.45
Skew0.03
18 Dec 2026Balanced skew
Call IV0.35
Put IV0.39
Skew0.04
15 Jan 2027Balanced skew
Call IV0.34
Put IV0.38
Skew0.04
19 Mar 2027Balanced skew
Call IV0.33
Put IV0.38
Skew0.05

Contract Tape

Most active contracts

Full contract tape
ContractJAZZ261218C00230000
SideCall
Expiry18 Dec 2026
Strike230.00
Volume14
OI230
IV0.39
ContractJAZZ260918C00300000
SideCall
Expiry18 Sep 2026
Strike300.00
Volume10
OI247
IV0.42
ContractJAZZ260821C00270000
SideCall
Expiry21 Aug 2026
Strike270.00
Volume5
OI65
IV0.42
ContractJAZZ270115C00240000
SideCall
Expiry15 Jan 2027
Strike240.00
Volume5
OI8
IV0.37
ContractJAZZ260821C00280000
SideCall
Expiry21 Aug 2026
Strike280.00
Volume3
OI139
IV0.41
ContractJAZZ260821C00260000
SideCall
Expiry21 Aug 2026
Strike260.00
Volume3
OI48
IV0.41
ContractJAZZ260821P00240000
SidePut
Expiry21 Aug 2026
Strike240.00
Volume3
OI3
IV0.42
ContractJAZZ260821C00250000
SideCall
Expiry21 Aug 2026
Strike250.00
Volume2
OI51
IV0.42