Ticker Options Intelligence

KRYS options intelligence

Krystal Biotech Inc options pressure, expected move, strike concentration, and Sharemaestro trend context.

Conviction 43 Market data through 31 Jul 2026 Checked 1 Aug 2026 06:04 · complete available chain

Options-market disagreement

Mixed pressure

KRYS currently carries mixed options pressure with a 43/100 conviction score. The nearest-chain expected move is 12.1%, with volume/open-interest participation at 0.11.

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

Options-market disagreement

Expected move 12.1%

Wider near-term move priced

Activity / OI 0.11

Current volume is quieter versus prior open interest

Put-call 1.14

Balanced tape

Trend fit 96

Options agree with trend context

Weekly backdrop +1.8%

RS 26.0

Expected move 12.1%
Put-call volume 1.14
Volume / OI 0.11
Reference IV 0.62
Max pain 300.00
Underlying 335.19
Nearest expiry 21 Aug 2026
Contracts 502

Research Brief

KRYS has a mixed chain read with 43/100 evidence alignment.

The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 294.59–375.79; The largest call open-interest concentration is 330.00; the largest put concentration is 330.00. The most active strike by current volume is 300.00.

Priced range294.59–375.79
Call concentration330.00
Put concentration330.00
Max pain reference300.00
What would confirm it
  • A clear directional pressure reading develops and price begins to agree.
  • The current chain read already agrees with the stored weekly trend context.
What would weaken it
  • Volatility falls and the chain remains directionally mixed.
  • 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 294.59 to 375.79. Max pain at 300.00 sits inside that range, 10.5% below spot.

Spot Max pain
294.59335.19 ± 40.60375.79
Confirmation level

A close beyond 375.79 or below 294.59 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 43/100

Evidence alignment, not probability

Pressure is 1/100 toward puts; conviction uses its strength, while the signal label carries its direction.

Directional pressure1 × 42%
+0.6

How strongly activity leans toward calls or puts.

Participation42 × 22%
+9.3

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

Trend agreement96 × 26%
+25.1

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

Volatility84 × 10%
+8.4

The intensity of implied volatility and the priced move.

Reconstructed score43.4Matches stored calculation

Positioning by Strike

Where open interest and current activity concentrate

Full strike map

The largest call open-interest concentration is 330.00; the largest put concentration is 330.00. The most active strike by current volume is 300.00. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.

Put open interestStrikeCall open interest
88
250.00-25.4%
83
112
260.00-22.4%
23
24
270.00-19.4%
43
11
280.00-16.5%
30
120
300.00-10.5%
55
5
310.00-7.5%
89
24
320.00-4.5%
804
162
330.00-1.5%
822
53
340.001.4%
68
4
350.004.4%
88
9
360.007.4%
68
1
370.0010.4%
47
0
380.0013.4%
711
0
390.0016.4%
58
1
400.0019.3%
42
1
410.0022.3%
66
0
510.0052.2%
89
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.

0.62 21 Aug 21d
0.53 18 Sep 49d
0.54 20 Nov 112d
0.56 19 Feb 203d
0.55 19 Mar 231d
0.52 17 Jun 321d

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.

270
280
290
300
310
320
330
340
350
360
370
380
390
400
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
502 / 502
  • 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

90/100
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 No clean flow/price divergence

The options read is mixed, so divergence is not strong enough to classify.

Why this matters

Earnings/event positioning matters because it connects the options headline to the actual evidence: $1.8M of estimated gross traded notional, calls · 8-21 days · itm, and a no clean flow/price divergence backdrop. Use it as a research priority signal, then validate the chart, liquidity, event calendar, and risk before acting.

Options pressure-1
1W price+1.8%
Call premium74%
Put premium26%
Notional split C 74% / P 26% Estimated gross traded notional uses volume × contract multiplier × midpoint, or last price when no valid midpoint is available.
Freshness 0.11 Volume divided by open interest across the visible chain.
Trend fit 96/100 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 · 8-21 days · ITM
Calls · 8-21 days · ITM calls cluster with 108 contracts traded, $761370 estimated gross traded notional, and 43% of visible notional.
$761370
Puts · 8-21 days · ITM puts cluster with 97 contracts traded, $308980 estimated gross traded notional, and 17% of visible notional.
$308980
Calls · 46-90 days · ITM calls cluster with 43 contracts traded, $248000 estimated gross traded notional, and 14% of visible notional.
$248000
Puts · 8-21 days · OTM puts cluster with 285 contracts traded, $139305 estimated gross traded notional, and 8% of visible notional.
$139305
Calls · 8-21 days · OTM calls cluster with 122 contracts traded, $114668 estimated gross traded notional, and 6% of visible notional.
$114668

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.

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
Close341.12
1W+1.8%
RS26.0
Fair value+82.8%
Options pressure-1
Speculation42
Volatility84
Trend fit96

Today Versus Normal

Stored-options context

View history
Expected move 12.1% history building
30d avg - · 3/10 sessions -
90d avg - · 3/30 sessions -
180d avg - · 3/60 sessions -
IV 0.62 history building
30d avg - · 3/10 sessions -
90d avg - · 3/30 sessions -
180d avg - · 3/60 sessions -
Put-call 1.14 history building
30d avg - · 3/10 sessions -
90d avg - · 3/30 sessions -
180d avg - · 3/60 sessions -
Volume/OI 0.11 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 10:29 Volatility
Pressure 84
Move 14.0%
30 Jul 10:24 Volatility
Pressure 98
Move 13.8%
31 Jul 10:20 Volatility
Pressure 78
Move 14.1%
1 Aug 05:04 Mixed
Pressure -1
Move 12.1%

Strike Map

Where activity is clustering

Full strike map
Strike125.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike130.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike135.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike140.00
Calls · V 0 · OI 0
Puts · V 0 · OI 1
Strike145.00
Calls · V 0 · OI 0
Puts · V 0 · OI 1
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

Term Structure

Expiration activity

Volume and IV
Expiry21 Aug 2026
Contracts94
Avg IV0.62
Put-call1.51
Expiry18 Sep 2026
Contracts62
Avg IV0.53
Put-call0.04
Expiry20 Nov 2026
Contracts96
Avg IV0.54
Put-call-
Expiry19 Feb 2027
Contracts80
Avg IV0.56
Put-call0.50
Expiry19 Mar 2027
Contracts86
Avg IV0.55
Put-call-

Skew

Call/put IV balance

OTM demand
21 Aug 2026Call IV premium
Call IV0.67
Put IV0.60
Skew-0.07
18 Sep 2026Balanced skew
Call IV0.53
Put IV0.51
Skew-0.02
20 Nov 2026Balanced skew
Call IV0.52
Put IV0.55
Skew0.03
19 Feb 2027Put IV premium
Call IV0.51
Put IV0.58
Skew0.07
19 Mar 2027Put IV premium
Call IV0.49
Put IV0.56
Skew0.07

Contract Tape

Most active contracts

Full contract tape
ContractKRYS260821P00300000
SidePut
Expiry21 Aug 2026
Strike300.00
Volume255
OI120
IV0.61
ContractKRYS260821P00360000
SidePut
Expiry21 Aug 2026
Strike360.00
Volume88
OI9
IV0.63
ContractKRYS260821C00410000
SideCall
Expiry21 Aug 2026
Strike410.00
Volume42
OI66
IV0.70
ContractKRYS260821C00250000
SideCall
Expiry21 Aug 2026
Strike250.00
Volume40
OI83
IV0.71
ContractKRYS260821C00350000
SideCall
Expiry21 Aug 2026
Strike350.00
Volume38
OI88
IV0.65
ContractKRYS260821P00310000
SidePut
Expiry21 Aug 2026
Strike310.00
Volume26
OI5
IV0.60
ContractKRYS260821C00260000
SideCall
Expiry21 Aug 2026
Strike260.00
Volume20
OI23
IV0.72
ContractKRYS270617C00520000
SideCall
Expiry17 Jun 2027
Strike520.00
Volume16
OI78
IV0.46