Ticker Options Intelligence

RCUS options intelligence

Arcus Biosciences Inc options pressure, expected move, strike concentration, and Sharemaestro trend context.

Conviction 56 Market data through 31 Jul 2026 Checked 2 Aug 2026 02:15 · complete available chain

Volatility expansion watch

Volatility pressure

RCUS currently carries volatility options pressure with a 56/100 conviction score. The nearest-chain expected move is 17.7%, with volume/open-interest participation at 0.00.

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

Volatility expansion watch

Expected move 17.7%

Wider near-term move priced

Activity / OI 0.00

Current volume is quieter versus prior open interest

Put-call 0.12

Call-side skew

Trend fit 16

Options are not fully confirming trend

Weekly backdrop -0.8%

RS 24.8

Expected move 17.7%
Put-call volume 0.13
Volume / OI 0.00
Reference IV 0.73
Max pain 30.00
Underlying 28.19
Nearest expiry 21 Aug 2026
Contracts 156

Research Brief

RCUS has a volatility chain read with 56/100 evidence alignment.

The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 23.19–33.19; The largest call open-interest concentration is 30.00; the largest put concentration is 25.00. The most active strike by current volume is 35.00.

Priced range23.19–33.19
Call concentration30.00
Put concentration25.00
Max pain reference30.00
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.

Priced Move

Where the chain says movement becomes exceptional

Size, not direction · through 21 Aug

Options imply 23.19 to 33.19. Max pain at 30.00 sits inside that range, 6.4% above spot.

Spot Max pain
23.1928.19 ± 5.0033.19
Confirmation level

A close beyond 33.19 or below 23.19 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 56/100

Evidence alignment, not probability

Pressure is 86/100 toward calls; conviction uses its strength, while the signal label carries its direction.

Directional pressure86 × 42%
+36.0

How strongly activity leans toward calls or puts.

Participation32 × 22%
+7.0

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

Trend agreement16 × 26%
+4.1

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

Volatility91 × 10%
+9.1

The intensity of implied volatility and the priced move.

Reconstructed score56.3Matches stored calculation

Positioning by Strike

Where open interest and current activity concentrate

Full strike map

The largest call open-interest concentration is 30.00; the largest put concentration is 25.00. The most active strike by current volume is 35.00. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.

Put open interestStrikeCall open interest
4
12.50-55.7%
0
40
15.00-46.8%
0
0
17.50-37.9%
0
0
20.00-29.1%
0
0
22.50-20.2%
0
196
25.00-11.3%
6
11
30.006.4%
59
0
35.0024.2%
24
0
40.0041.9%
51
Nearest spot strike Max pain strikeBars show relative OI within this expiry

Volatility Curve

Balanced volatility curve

0.97× front/back

Near- and longer-dated implied volatility are broadly aligned; no exceptional front-expiry premium is visible.

0.73 21 Aug 21d
0.69 18 Sep 49d
0.70 16 Oct 77d
0.79 18 Dec 140d
0.77 15 Jan 168d
0.76 19 Mar 231d
0.75 17 Dec 504d

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.

25
30
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
156 / 156
  • 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

88/100
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: $2428 of estimated gross traded notional, calls · 46-90 days · itm, 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+86
1W price-0.8%
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 0.00 Volume divided by open interest across the visible chain.
Trend fit 16/100 Agreement between options pressure and Sharemaestro market context.
Event window 5 Aug Matched earnings event is 3 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 · ITM
Calls · 46-90 days · ITM calls cluster with 4 contracts traded, $1880 estimated gross traded notional, and 77% of visible notional.
$1880
Calls · 91+ days · OTM calls cluster with 1 contracts traded, $305 estimated gross traded notional, and 13% of visible notional.
$305
Calls · 46-90 days · OTM calls cluster with 1 contracts traded, $202 estimated gross traded notional, and 8% of visible notional.
$202
Calls · 8-21 days · OTM calls cluster with 2 contracts traded, $36 estimated gross traded notional, and 1% of visible notional.
$36
Puts · 8-21 days · OTM puts cluster with 1 contracts traded, $5 estimated gross traded notional, and 0% of visible notional.
$5

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.

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
Close28.19
1W-0.8%
RS24.8
Fair value+67.8%
Options pressure86
Speculation32
Volatility91
Trend fit16

Today Versus Normal

Stored-options context

View history
Expected move 17.7% history building
30d avg - · 3/10 sessions -
90d avg - · 3/30 sessions -
180d avg - · 3/60 sessions -
IV 0.73 history building
30d avg - · 3/10 sessions -
90d avg - · 3/30 sessions -
180d avg - · 3/60 sessions -
Put-call 0.12 history building
30d avg - · 2/10 sessions -
90d avg - · 2/30 sessions -
180d avg - · 2/60 sessions -
Volume/OI 0.00 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 10:53 Mixed
Pressure -9
Move 20.0%
30 Jul 10:43 Volatility
Pressure -92
Move 19.4%
31 Jul 04:38 Bearish
Pressure -31
Move 19.2%
31 Jul 17:30 Mixed
Pressure -6
Move 15.8%
31 Jul 22:36 Mixed
Pressure -5
Move 17.6%
1 Aug 10:20 Volatility
Pressure 86
Move 17.6%
2 Aug 01:15 Volatility
Pressure 86
Move 17.7%

Strike Map

Where activity is clustering

Full strike map
Strike12.50
Calls · V 0 · OI 0
Puts · V 0 · OI 4
Strike15.00
Calls · V 0 · OI 0
Puts · V 1 · OI 40
Strike17.50
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike20.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike22.50
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike25.00
Calls · V 0 · OI 6
Puts · V 0 · OI 196
Strike30.00
Calls · V 0 · OI 59
Puts · V 0 · OI 11
Strike35.00
Calls · V 2 · OI 24
Puts · V 0 · OI 0

Term Structure

Expiration activity

Volume and IV
Expiry21 Aug 2026
Contracts18
Avg IV0.73
Put-call0.50
Expiry18 Sep 2026
Contracts16
Avg IV0.69
Put-call-
Expiry16 Oct 2026
Contracts28
Avg IV0.70
Put-call-
Expiry18 Dec 2026
Contracts28
Avg IV0.79
Put-call-
Expiry15 Jan 2027
Contracts26
Avg IV0.77
Put-call-

Skew

Call/put IV balance

OTM demand
21 Aug 2026Put IV premium
Call IV0.91
Put IV0.99
Skew0.08
18 Sep 2026Put IV premium
Call IV0.83
Put IV1.07
Skew0.23
16 Oct 2026Put IV premium
Call IV0.80
Put IV0.85
Skew0.06
18 Dec 2026Call IV premium
Call IV0.95
Put IV0.84
Skew-0.11
15 Jan 2027Balanced skew
Call IV0.87
Put IV0.83
Skew-0.04

Contract Tape

Most active contracts

Full contract tape
ContractRCUS260918C00025000
SideCall
Expiry18 Sep 2026
Strike25.00
Volume4
OI1
IV0.71
ContractRCUS260821C00035000
SideCall
Expiry21 Aug 2026
Strike35.00
Volume2
OI24
IV0.39
ContractRCUS261218C00040000
SideCall
Expiry18 Dec 2026
Strike40.00
Volume1
OI1250
IV0.90
ContractRCUS261016C00035000
SideCall
Expiry16 Oct 2026
Strike35.00
Volume1
OI63
IV0.80
ContractRCUS260821P00015000
SidePut
Expiry21 Aug 2026
Strike15.00
Volume1
OI40
IV1.05
ContractRCUS261016C00040000
SideCall
Expiry16 Oct 2026
Strike40.00
Volume-
OI1260
IV0.30
ContractRCUS261016P00020000
SidePut
Expiry16 Oct 2026
Strike20.00
Volume-
OI612
IV0.32
ContractRCUS261016C00025000
SideCall
Expiry16 Oct 2026
Strike25.00
Volume-
OI354
IV0.73