Primary read
Bullish
Call-side pressure
Ticker Options Intelligence
DFTX options intelligence
Definium Therapeutics, Inc. options pressure, expected move, strike concentration, and Sharemaestro trend context.
Conviction
44
Market data through 31 Jul 2026
Checked 2 Aug 2026 16:06 · complete available chain
Call-side pressure
Bullish pressure
DFTX currently carries bullish options pressure with a 44/100 conviction score. The nearest-chain expected move is 23.4%, with volume/open-interest participation at 0.01.
Expected move
23.4%
Wider near-term move priced
Activity / OI
0.01
Current volume is quieter versus prior open interest
Put-call
0.68
Call-side skew
Trend fit
84
Options agree with trend context
Weekly backdrop
+0.8%
RS 114.5
Expected move
23.4%
Put-call volume
0.68
Volume / OI
0.01
Reference IV
1.20
Max pain
40.00
Underlying
43.52
Nearest expiry
21 Aug 2026
Contracts
454
Research Brief
DFTX has a bullish chain read with 44/100 evidence alignment.
The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 33.32–53.72; The largest call open-interest concentration is 60.00; the largest put concentration is 35.00. The most active strike by current volume is 45.00.
Priced range33.32–53.72
Call concentration60.00
Put concentration35.00
Max pain reference40.00
- Price holds or improves while call-side concentration remains elevated.
- The current chain read already agrees with the stored weekly trend context.
- Price weakens while call pressure fades or reverses toward puts.
- 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
Options imply 33.32 to 53.72. Max pain at 40.00 sits inside that range, 8.1% below spot.
Spot
Max pain
33.3243.52 ± 10.2053.72
Confirmation level
A close beyond 53.72 or below 33.32 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 44/100
Pressure is 26/100 toward calls; conviction uses its strength, while the signal label carries its direction.
Directional pressure26 × 42%
+11.0
How strongly activity leans toward calls or puts.
Participation7 × 22%
+1.6
Volume relative to existing open interest and contract-level activity.
Trend agreement84 × 26%
+21.9
How closely the chain read agrees with the underlying trend backdrop.
Volatility96 × 10%
+9.6
The intensity of implied volatility and the priced move.
Positioning by Strike
Where open interest and current activity concentrate
The largest call open-interest concentration is 60.00; the largest put concentration is 35.00. The most active strike by current volume is 45.00. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.
Put open interestStrikeCall open interest
686
30.00-31.1%
49
2336
35.00-19.6%
27
148
36.00-17.3%
34
388
37.00-15.0%
83
116
38.00-12.7%
70
183
39.00-10.4%
1
2268
40.00-8.1%
4123
205
43.00-1.2%
85
385
44.001.1%
320
865
45.003.4%
859
212
47.008.0%
161
115
48.0010.3%
603
38
49.0012.6%
198
61
50.0014.9%
3643
113
55.0026.4%
1678
1
60.0037.9%
5036
0
70.0060.8%
305
Nearest spot strike Max pain strikeBars show relative OI within this expiry
Volatility Curve
Front-loaded volatility
Near-term options are materially richer than later expirations, consistent with concentrated event or immediate-risk pricing.
1.20
21 Aug
21d
1.10
18 Sep
49d
0.86
18 Dec
140d
0.82
15 Jan
168d
0.80
19 Mar
231d
0.75
21 Jan
539d
Volatility by Strike
Balanced wings
Comparable upside calls and downside puts carry broadly similar implied volatility.
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
Put IV Call IV
Historical Replay
How matured reads behaved through expiry
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
Retained chain100%
Implied volatility100%
Two-sided quotes100%
Open interest100%
- Chain status
- Complete available chain
- Market date
- 31 Jul 2026
- Calculation
- v2.0
- Contracts
- 454 / 454
- 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
Activity is spread across expirations with heavier open interest than current volume, which can be consistent with position maintenance.
Call-side pressure is building before a meaningful weekly price response.
Multi-expiry position-maintenance candidate matters because it connects the options headline to the actual evidence: $637770 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+26
1W price+0.8%
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
0.01
Volume divided by open interest across the visible chain.
Trend fit
84/100
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.
Puts · 91+ days · ITM
puts cluster with 187 contracts traded, $274670 estimated gross traded notional, and 43% of visible notional.
$274670
Calls · 8-21 days · OTM
calls cluster with 373 contracts traded, $143715 estimated gross traded notional, and 23% of visible notional.
$143715
Calls · 91+ days · ITM
calls cluster with 26 contracts traded, $55635 estimated gross traded notional, and 9% of visible notional.
$55635
Puts · 46-90 days · ITM
puts cluster with 60 contracts traded, $42000 estimated gross traded notional, and 7% of visible notional.
$42000
Calls · 8-21 days · ATM
calls cluster with 62 contracts traded, $32620 estimated gross traded notional, and 5% of visible notional.
$32620
Setup Classification
Opportunity and risk frame
Positioning agrees with the Sharemaestro trend backdrop.
The tape is pricing or displaying unusually elevated activity.
Expected move or upcoming earnings makes the setup more event-sensitive.
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
Close43.52
1W+0.8%
RS114.5
Fair value+310.1%
Options pressure26
Speculation7
Volatility96
Trend fit84
Today Versus Normal
Stored-options context
30d avg - · 3/10 sessions
-
90d avg - · 3/30 sessions
-
180d avg - · 3/60 sessions
-
30d avg - · 3/10 sessions
-
90d avg - · 3/30 sessions
-
180d avg - · 3/60 sessions
-
30d avg - · 3/10 sessions
-
90d avg - · 3/30 sessions
-
180d avg - · 3/60 sessions
-
30d avg - · 3/10 sessions
-
90d avg - · 3/30 sessions
-
180d avg - · 3/60 sessions
-
Pressure Trail
Recent pressure and volatility
29 Jul 10:57
Volatility
Pressure 41
Move 22.8%
30 Jul 12:02
Bearish
Pressure -36
Move 24.0%
30 Jul 17:19
Mixed
Pressure 12
Move 21.4%
30 Jul 17:54
Mixed
Pressure 13
Move 21.7%
30 Jul 18:42
Mixed
Pressure 13
Move 21.5%
31 Jul 08:47
Volatility
Pressure 61
Move 22.9%
31 Jul 14:43
Volatility
Pressure 24
Move 24.3%
31 Jul 16:05
Bullish
Pressure 20
Move 24.3%
Strike Map
Where activity is clustering
Strike12.00
Calls · V 0 · OI 3
Puts · V 0 · OI 10
Strike13.00
Calls · V 0 · OI 0
Puts · V 0 · OI 30
Strike14.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike15.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike16.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike17.00
Calls · V 0 · OI 0
Puts · V 0 · OI 4
Strike18.00
Calls · V 0 · OI 10
Puts · V 0 · OI 6
Strike19.00
Calls · V 0 · OI 0
Puts · V 0 · OI 11
Term Structure
Expiration activity
Expiry21 Aug 2026
Contracts86
Avg IV1.20
Put-call0.19
Expiry18 Sep 2026
Contracts104
Avg IV1.10
Put-call5.31
Expiry18 Dec 2026
Contracts84
Avg IV0.86
Put-call1.00
Expiry15 Jan 2027
Contracts94
Avg IV0.82
Put-call-
Expiry19 Mar 2027
Contracts38
Avg IV0.80
Put-call-
Skew
Call/put IV balance
21 Aug 2026Put IV premium
Call IV1.11
Put IV1.22
Skew0.12
18 Sep 2026Put IV premium
Call IV1.06
Put IV1.17
Skew0.11
18 Dec 2026Put IV premium
Call IV0.82
Put IV0.95
Skew0.13
15 Jan 2027Put IV premium
Call IV0.81
Put IV0.87
Skew0.07
19 Mar 2027Balanced skew
Call IV0.81
Put IV0.79
Skew-0.02
Contract Tape
Most active contracts
ContractDFTX280121P00045000
SidePut
Expiry21 Jan 2028
Strike45.00
Volume165
OI655
IV0.73
ContractDFTX260821C00045000
SideCall
Expiry21 Aug 2026
Strike45.00
Volume159
OI859
IV1.21
ContractDFTX260821C00047000
SideCall
Expiry21 Aug 2026
Strike47.00
Volume100
OI161
IV1.27
ContractDFTX260821P00030000
SidePut
Expiry21 Aug 2026
Strike30.00
Volume76
OI686
IV1.35
ContractDFTX260918P00045000
SidePut
Expiry18 Sep 2026
Strike45.00
Volume60
OI132
IV0.99
ContractDFTX260821C00044000
SideCall
Expiry21 Aug 2026
Strike44.00
Volume50
OI320
IV1.32
ContractDFTX260821C00048000
SideCall
Expiry21 Aug 2026
Strike48.00
Volume46
OI603
IV1.21
ContractDFTX260821C00050000
SideCall
Expiry21 Aug 2026
Strike50.00
Volume39
OI3643
IV1.19
Research Graph
Related research and context
Sharemaestro research
Related News
No recent ticker-specific news yet.
Market Watch
No recent market-watch posts yet.
Earnings
No upcoming matched earnings event.
Plain English Guide
Options context
What usually looks constructive
What usually looks cautious
Options can move quickly and can lose value fast. Treat this as research context, not a buy or sell instruction.