Ticker Options Intelligence

LEGN options intelligence

Legend Biotech Corp options pressure, expected move, strike concentration, and Sharemaestro trend context.

Conviction 39 Market data through 29 Jul 2026 Checked 30 Jul 2026 03:54 · complete available chain

Call-side pressure

Bullish pressure

LEGN currently carries bullish options pressure with a 39/100 conviction score. The nearest-chain expected move is 18.7%, with volume/open-interest participation at 0.02.

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

Call-side pressure

Expected move 18.7%

Wider near-term move priced

Activity / OI 0.02

Current volume is quieter versus prior open interest

Put-call 0.69

Call-side skew

Trend fit 68

Options agree with trend context

Weekly backdrop -0.2%

RS -23.9

Expected move 18.7%
Put-call volume 0.69
Volume / OI 0.02
Reference IV 0.65
Max pain 22.50
Underlying 22.22
Nearest expiry 21 Aug 2026
Contracts 362

Options Intent Radar

Earnings/event positioning

79/100
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: $100826 of estimated gross traded notional, puts · 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+25
1W price-0.2%
Call premium48%
Put premium52%
Notional split C 48% / P 52% Estimated gross traded notional uses volume × contract multiplier × midpoint, or last price when no valid midpoint is available.
Freshness 0.02 Volume divided by open interest across the visible chain.
Trend fit 68/100 Agreement between options pressure and Sharemaestro market context.
Event window 10 Aug Matched earnings event is 11 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 Puts · 91+ days · ITM
Puts · 91+ days · ITM puts cluster with 32 contracts traded, $34960 estimated gross traded notional, and 35% of visible notional.
$34960
Calls · 91+ days · ITM calls cluster with 65 contracts traded, $21992 estimated gross traded notional, and 22% of visible notional.
$21992
Calls · 91+ days · OTM calls cluster with 46 contracts traded, $14000 estimated gross traded notional, and 14% of visible notional.
$14000
Puts · 22-45 days · OTM puts cluster with 145 contracts traded, $10701 estimated gross traded notional, and 11% of visible notional.
$10701
Calls · 22-45 days · ITM calls cluster with 145 contracts traded, $9302 estimated gross traded notional, and 9% of visible notional.
$9302

Setup Classification

Opportunity and risk frame

Context, not advice
Positive Options-confirmed trend

Positioning agrees with the Sharemaestro trend backdrop.

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 Crowded strike risk

Underlying price is close to the max-pain zone.

Activity Anomaly

Normal range

33

Activity is broadly in line with recent stored snapshots.

Volume rank0th
Volume/OI rank0th
IV rank100th

Market Context

Underlying confirmation

Sharemaestro weekly
Close22.22
1W-0.2%
RS-23.9
Fair value-46.4%
Options pressure25
Speculation10
Volatility86
Trend fit68

Today Versus Normal

Stored-options context

View history
Expected move 18.7% elevated
30d avg 18.6% · 1 read 100th
90d avg 18.6% · 1 read 100th
180d avg 18.6% · 1 read 100th
IV 0.65 elevated
30d avg 0.60 · 1 read 100th
90d avg 0.60 · 1 read 100th
180d avg 0.60 · 1 read 100th
Put-call 0.69 elevated
30d avg 0.59 · 1 read 100th
90d avg 0.59 · 1 read 100th
180d avg 0.59 · 1 read 100th
Volume/OI 0.02 muted
30d avg 0.05 · 1 read 0th
90d avg 0.05 · 1 read 0th
180d avg 0.05 · 1 read 0th

Pressure Trail

Recent pressure and volatility

Open trail
29 Jul 10:39 Volatility
Pressure 32
Move 18.6%
30 Jul 02:54 Bullish
Pressure 25
Move 18.7%

Strike Map

Where activity is clustering

Full strike map
Strike2.50
Calls · V 0 · OI 0
Puts · V 0 · OI 0
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 4
Strike12.50
Calls · V 0 · OI 3
Puts · V 0 · OI 34
Strike15.00
Calls · V 0 · OI 13
Puts · V 3 · OI 209
Strike17.50
Calls · V 2 · OI 21
Puts · V 111 · OI 372
Strike20.00
Calls · V 143 · OI 976
Puts · V 31 · OI 768

Term Structure

Expiration activity

Volume and IV
Expiry21 Aug 2026
Contracts40
Avg IV0.65
Put-call1.00
Expiry18 Sep 2026
Contracts40
Avg IV0.47
Put-call0.59
Expiry20 Nov 2026
Contracts40
Avg IV0.65
Put-call0.06
Expiry18 Dec 2026
Contracts40
Avg IV0.64
Put-call-
Expiry15 Jan 2027
Contracts40
Avg IV0.63
Put-call0.05

Skew

Call/put IV balance

OTM demand
21 Aug 2026Call IV premium
Call IV0.87
Put IV0.58
Skew-0.29
18 Sep 2026Call IV premium
Call IV0.82
Put IV0.11
Skew-0.71
20 Nov 2026Call IV premium
Call IV0.89
Put IV0.69
Skew-0.20
18 Dec 2026Call IV premium
Call IV0.81
Put IV0.55
Skew-0.25
15 Jan 2027Call IV premium
Call IV0.73
Put IV0.52
Skew-0.20

Contract Tape

Most active contracts

Full contract tape
ContractLEGN260821C00020000
SideCall
Expiry21 Aug 2026
Strike20.00
Volume143
OI976
IV0.56
ContractLEGN260821P00017500
SidePut
Expiry21 Aug 2026
Strike17.50
Volume111
OI372
IV0.58
ContractLEGN261120C00017500
SideCall
Expiry20 Nov 2026
Strike17.50
Volume52
OI-
IV0.62
ContractLEGN280121C00025000
SideCall
Expiry21 Jan 2028
Strike25.00
Volume36
OI98
IV0.55
ContractLEGN260821P00020000
SidePut
Expiry21 Aug 2026
Strike20.00
Volume31
OI768
IV0.51
ContractLEGN280121P00027500
SidePut
Expiry21 Jan 2028
Strike27.50
Volume31
OI547
IV0.65
ContractLEGN260918C00022500
SideCall
Expiry18 Sep 2026
Strike22.50
Volume16
OI543
IV0.22
ContractLEGN270115C00020000
SideCall
Expiry15 Jan 2027
Strike20.00
Volume12
OI261
IV0.74