Ticker Options Intelligence

ILMN options intelligence

Name: Sharemaestro ILMN Options Intent Radar
Creator: Sharemaestro
License: https://sharemaestro.com/data-license/

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

Conviction 52 Market data through 17 Sep 2026 Checked 18 Sep 2026 05:26 · complete available chain

Volatility expansion watch

Volatility pressure

ILMN currently carries volatility options pressure with a 52/100 conviction score. The nearest-chain expected move is 17.0%, with volume/open-interest participation at 0.14.

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

Primary read Volatility

Volatility expansion watch

Expected move 17.0%

Wider near-term move priced

Activity / OI 0.14

Current volume is quieter versus prior open interest

Put-call 0.44

Call-side skew

Trend fit 60

Options are not fully confirming trend

Weekly backdrop -5.4%

RS 30.5

Expected move 17.0%

Put-call volume 0.44

Volume / OI 0.14

Reference IV 0.60

Max pain 190.00

Underlying 206.45

Nearest expiry 18 Sep 2026

Contracts 594

Research Brief

ILMN has a volatility chain read with 52/100 evidence alignment.

The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 171.30–241.60; The largest call open-interest concentration is 230.00; the largest put concentration is 170.00. The most active strike by current volume is 240.00.

Priced range171.30–241.60

Call concentration230.00

Put concentration170.00

Max pain reference190.00

What would confirm it

A clear directional pressure reading develops and price begins to agree.
Participation is above the ticker's stored normal, which makes the read more noteworthy.

What would weaken it

Volatility falls and the chain remains directionally mixed.
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 18 Sep

Options imply 171.30 to 241.60. Max pain at 190.00 sits inside that range, 8.0% below spot.

Spot Max pain

171.30206.45 ± 35.15241.60

Confirmation level

A close beyond 241.60 or below 171.30 at the 18 Sep 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 52/100

Evidence alignment, not probability

Pressure is 44/100 toward calls; conviction uses its strength, while the signal label carries its direction.

Directional pressure45 × 42%

+18.7

How strongly activity leans toward calls or puts.

Participation43 × 22%

+9.5

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

Trend agreement60 × 26%

+15.5

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

Volatility82 × 10%

+8.2

The intensity of implied volatility and the priced move.

Positioning by Strike

Where open interest and current activity concentrate

Full strike map

The largest call open-interest concentration is 230.00; the largest put concentration is 170.00. The most active strike by current volume is 240.00. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.

Put open interestStrikeCall open interest

228

140.00-32.2%

104

150.00-27.3%

171

167

160.00-22.5%

233

106

165.00-20.1%

710

170.00-17.7%

158

180.00-12.8%

187

246

185.00-10.4%

392

190.00-8.0%

143

176

195.00-5.5%

286

200.00-3.1%

137

466

210.001.7%

121

175

220.006.6%

375

142

230.0011.4%

868

240.0016.3%

812

250.0021.1%

576

260.0025.9%

190

270.0030.8%

Nearest spot strike Max pain strikeBars show relative OI within this expiry

Gamma Profile by Strike

Positive gamma proxy

Reported + model-estimated Greeks · 91% coverage

Call-side gamma sensitivity outweighs the put-side proxy across the retained chain. The largest bars mark levels where delta-hedging sensitivity may be most concentrated.

Net profile+$3.8MDelta change / 1% move

Positive peak240.00+$1.5M

Negative peak200.00-$18,582

Nearest balance202.94Interpolated sign change

StrikeNegativePositiveNet / 1% move

135.00-34.6%

+$5,294

140.00-32.2%

+$1,748

145.00-29.8%

+$939

150.00-27.3%

+$34,499

155.00-24.9%

+$6,002

160.00-22.5%

+$11,782

165.00-20.1%

-$856

170.00-17.7%

+$36,065

175.00-15.2%

+$388

180.00-12.8%

+$45,045

185.00-10.4%

+$10,986

190.00-8.0%

+$2,171

195.00-5.5%

-$15,336

200.00-3.1%

-$18,582

210.001.7%

+$44,591

220.006.6%

+$203,366

230.0011.4%

+$331,472

240.0016.3%

+$1.5M

250.0021.1%

+$1.3M

260.0025.9%

+$144,252

270.0030.8%

+$28,093

Positive call-side proxy Negative put-side proxyHighlighted row is nearest spot strike

Scenario proxy = gamma × open interest × 100 shares × spot² × 1%. Calls are positive and puts negative by convention. Missing Greeks use a Black-Scholes estimate from stored IV with zero rate and dividend assumptions. Open interest does not reveal who is long or short, so this is not observed dealer positioning or a forecast.

Volatility Curve

Front-loaded volatility

1.12× front/back

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

0.60 18 Sep 1d

0.52 16 Oct 29d

0.55 20 Nov 64d

0.56 18 Dec 92d

0.57 15 Jan 120d

0.56 19 Mar 183d

0.56 17 Jun 273d

0.53 21 Jan 491d

Volatility by Strike

Downside protection premium

Nearest expiry, within 20% of spot

Out-of-the-money puts carry higher implied volatility than comparable calls, indicating richer downside protection.

170

175

180

185

190

195

200

210

220

230

240

Put IV Call IV

Historical Replay

How matured reads behaved through expiry

17 matured · 10 directional

Across 10 stored directional transitions, the next stored price moved in the labelled direction 90% of the time.

Directional follow-through90%

Moves contained by pricing35%

Average expiry move13.0%

21 Aug Volatility · 46 14.9% through expiry 15.3% priced · v2.0

20 Aug Volatility · 52 14.9% through expiry 12.4% priced · v2.0

19 Aug Mixed · 42 14.9% through expiry 7.9% priced · v2.0

18 Aug Mixed · 34 14.9% through expiry 3.2% priced · v2.0

17 Aug Bullish · 41 14.9% through expiry 4.6% priced · v2.0

14 Aug Bullish · 42 14.9% through expiry 3.8% priced · v2.0

13 Aug Bullish · 42 16.7% through expiry 4.9% priced · v2.0

12 Aug Bullish · 45 16.7% through expiry 5.2% priced · v2.0

11 Aug Bullish · 40 16.7% through expiry 5.5% priced · v2.0

10 Aug Bullish · 52 16.7% through expiry 6.4% priced · v2.0

7 Aug Bearish · 45 16.7% through expiry 6.4% priced · v2.0

6 Aug Bullish · 47 7.0% through expiry 9.8% priced · v2.0

Eligible snapshots must have a dated market session, stored signal, and point-in-time market reference. Each observation uses one read per market session and the first stored weekly close on or immediately after expiry; its original calculation version is retained. It is an evidence audit, not an executable strategy or evidence of future performance.

Evidence Quality

Usable with limits

C69/100

Retained chain100%

Implied volatility100%

Two-sided quotes100%

Open interest100%

Chain status: Complete available chain
Market date: 17 Sep 2026
Calculation: v2.0
Contracts: 594 / 594

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

Volatility expansion bet

92/100

Primary intent Volatility expansion bet

The strongest message is movement risk: expected move and implied volatility are carrying more signal than 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

Volatility expansion bet matters because it connects the options headline to the actual evidence: $6.1M of estimated gross traded notional, calls · 91+ days · otm, 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+44

1W price-5.4%

Call premium91%

Put premium9%

Notional split C 91% / P 9% Estimated gross traded notional uses volume × contract multiplier × midpoint, or last price when no valid midpoint is available.

Freshness 0.14 Volume divided by open interest across the visible chain.

Trend fit 60/100 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.

Conviction clusters Calls · 91+ days · OTM

Calls · 91+ days · OTM calls cluster with 780 contracts traded, $1.9M estimated gross traded notional, and 32% of visible notional.

$1.9M

Calls · 91+ days · ITM calls cluster with 150 contracts traded, $1.2M estimated gross traded notional, and 20% of visible notional.

$1.2M

Calls · 0-7 days · ITM calls cluster with 83 contracts traded, $811,970 estimated gross traded notional, and 13% of visible notional.

$811,970

Calls · 22-45 days · OTM calls cluster with 579 contracts traded, $708,872 estimated gross traded notional, and 12% of visible notional.

$708,872

Calls · 0-7 days · OTM calls cluster with 526 contracts traded, $433,656 estimated gross traded notional, and 7% of visible notional.

$433,656

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.

Activity Anomaly

High anomaly

Current options activity is unusually hot versus this ticker's stored history.

Baseline: 30 completed sessions

Volume rank93th

Volume/OI rank90th

IV rank83th

Market Context

Underlying confirmation

Sharemaestro weekly

Close206.45

1W-5.4%

RS30.5

Fair value+65.4%

Options pressure45

Speculation43

Volatility82

Trend fit60

Today Versus Normal

Stored-options context

View history

Expected move 17.0% elevated

30d avg 8.5% · 15 sessions 100th

90d avg 8.2% · 30 sessions 100th

180d avg - · 30/60 sessions -

IV 0.60 near normal

30d avg 0.63 · 15 sessions 73th

90d avg 0.56 · 30 sessions 83th

180d avg - · 30/60 sessions -

Put-call 0.44 near normal

30d avg 0.66 · 15 sessions 33th

90d avg 0.66 · 30 sessions 40th

180d avg - · 30/60 sessions -

Volume/OI 0.14 elevated

30d avg 0.07 · 15 sessions 87th

90d avg 0.06 · 30 sessions 90th

180d avg - · 30/60 sessions -

Pressure Trail

Recent pressure and volatility

Open trail

7 Aug 10:40 Bullish

Pressure 38

Move 9.8%

8 Aug 07:45 Bearish

Pressure -46

Move 11.5%

10 Aug 09:02 Bearish

Pressure -46

Move 6.4%

11 Aug 10:19 Bullish

Pressure 89

Move 6.4%

12 Aug 10:40 Bullish

Pressure 39

Move 5.5%

12 Aug 20:02 Bullish

Pressure 24

Move 5.2%

12 Aug 22:36 Bullish

Pressure 24

Move 5.2%

13 Aug 19:03 Bullish

Pressure 45

Move 5.0%

Strike Map

Where activity is clustering

Full strike map

Strike60.00

Calls · V 0 · OI 1

Puts · V 0 · OI 10

Strike65.00

Calls · V 0 · OI 0

Puts · V 0 · OI 3

Strike70.00

Calls · V 0 · OI 0

Puts · V 0 · OI 16

Strike75.00

Calls · V 0 · OI 0

Puts · V 0 · OI 0

Strike80.00

Calls · V 0 · OI 2

Puts · V 0 · OI 9

Strike85.00

Calls · V 0 · OI 0

Puts · V 0 · OI 22

Strike90.00

Calls · V 4 · OI 14

Puts · V 0 · OI 5

Strike95.00

Calls · V 5 · OI 10

Puts · V 0 · OI 9

Term Structure

Expiration activity

Volume and IV

Expiry18 Sep 2026

Contracts76

Avg IV0.60

Put-call0.68

Expiry16 Oct 2026

Contracts48

Avg IV0.52

Put-call0.42

Expiry20 Nov 2026

Contracts52

Avg IV0.55

Put-call0.35

Expiry18 Dec 2026

Contracts84

Avg IV0.56

Put-call0.35

Expiry15 Jan 2027

Contracts96

Avg IV0.57

Put-call0.40

Skew

Call/put IV balance

OTM demand

18 Sep 2026Put IV premium

Call IV0.52

Put IV1.36

Skew0.84

16 Oct 2026Balanced skew

Call IV0.49

Put IV0.52

Skew0.03

20 Nov 2026Balanced skew

Call IV0.53

Put IV0.57

Skew0.04

18 Dec 2026Balanced skew

Call IV0.55

Put IV0.56

Skew0.01

15 Jan 2027Balanced skew

Call IV0.56

Put IV0.57

Skew0.01

Contract Tape

Most active contracts

Full contract tape

ContractILMN261016C00240000

SideCall

Expiry16 Oct 2026

Strike240.00

Volume228

OI360

IV0.49

ContractILMN260918C00240000

SideCall

Expiry18 Sep 2026

Strike240.00

Volume192

OI812

IV0.71

ContractILMN270617C00310000

SideCall

Expiry17 Jun 2027

Strike310.00

Volume160

OI1

IV0.54

ContractILMN261218C00320000

SideCall

Expiry18 Dec 2026

Strike320.00

Volume142

OI8

IV0.56

ContractILMN261016C00260000

SideCall

Expiry16 Oct 2026

Strike260.00

Volume110

OI202

IV0.46

ContractILMN260918P00240000

SidePut

Expiry18 Sep 2026

Strike240.00

Volume110

OI1

IV0.81

ContractILMN260918P00230000

SidePut

Expiry18 Sep 2026

Strike230.00

Volume102

OI142

IV0.48

ContractILMN260918C00230000

SideCall

Expiry18 Sep 2026

Strike230.00

Volume87

OI868

IV0.01

ILMN options intelligence

Volatility pressure

ILMN has a volatility chain read with 52/100 evidence alignment.

Where the chain says movement becomes exceptional

Why conviction is 52/100

Where open interest and current activity concentrate

Positive gamma proxy

Front-loaded volatility

Downside protection premium

How matured reads behaved through expiry

Usable with limits

Volatility expansion bet

Opportunity and risk frame

High anomaly

Underlying confirmation

Stored-options context

Recent pressure and volatility

Where activity is clustering

Expiration activity

Call/put IV balance

Most active contracts

Send a message

Evidence context

ILMN options intelligence

Volatility pressure

ILMN has a volatility chain read with 52/100 evidence alignment.

Where the chain says movement becomes exceptional

Why conviction is 52/100

Where open interest and current activity concentrate

Positive gamma proxy

Front-loaded volatility

Downside protection premium

How matured reads behaved through expiry

Usable with limits

Volatility expansion bet

Opportunity and risk frame

High anomaly

Underlying confirmation

Stored-options context

Recent pressure and volatility

Where activity is clustering

Expiration activity

Call/put IV balance

Most active contracts

Related research and context

Sharemaestro research

Related News

Market Watch

Earnings