Ticker Options Intelligence

SABS options intelligence

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

Conviction 48 Market data through 31 Jul 2026 Checked 31 Jul 2026 21:53 · complete available chain

Volatility expansion watch

Volatility pressure

SABS currently carries volatility options pressure with a 48/100 conviction score. The nearest-chain expected move is 25.6%, with volume/open-interest participation at 0.07.

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

Volatility expansion watch

Expected move 25.6%

Wider near-term move priced

Activity / OI 0.07

Current volume is quieter versus prior open interest

Put-call 0.13

Call-side skew

Trend fit 0

Options are not fully confirming trend

Weekly backdrop +1.7%

RS -4.4

Expected move 25.6%
Put-call volume 0.13
Volume / OI 0.07
Reference IV 2.79
Max pain 3.00
Underlying 3.51
Nearest expiry 21 Aug 2026
Contracts 27

Research Brief

SABS has a volatility chain read with 48/100 evidence alignment.

The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 2.61–4.41; The largest call open-interest concentration is 4.00; the largest put concentration is 3.00. The most active strike by current volume is 4.00.

Priced range2.61–4.41
Call concentration4.00
Put concentration3.00
Max pain reference3.00
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.
  • 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 2.61 to 4.41. Max pain at 3.00 sits inside that range, 14.5% below spot.

Spot Max pain
2.613.51 ± 0.904.41
Confirmation level

A close beyond 4.41 or below 2.61 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 48/100

Evidence alignment, not probability

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

Directional pressure86 × 42%
+36.3

How strongly activity leans toward calls or puts.

Participation10 × 22%
+2.1

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

Trend agreement0 × 26%
+0.0

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

Volatility96 × 10%
+9.6

The intensity of implied volatility and the priced move.

Reconstructed score48.0Matches stored calculation

Positioning by Strike

Where open interest and current activity concentrate

Full strike map

The largest call open-interest concentration is 4.00; the largest put concentration is 3.00. The most active strike by current volume is 4.00. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.

Put open interestStrikeCall open interest
1
1.00-71.5%
0
110
3.00-14.5%
15
12
4.0014.0%
271
2
5.0042.5%
1
0
6.0070.9%
18
Nearest spot strike Max pain strikeBars show relative OI within this expiry

Volatility Curve

Front-loaded volatility

1.99× front/back

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

2.79 21 Aug 21d
2.83 18 Sep 49d
1.80 16 Oct 77d
1.40 15 Jan 168d

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.

3
4
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

A96/100
Retained chain100%
Implied volatility100%
Two-sided quotes100%
Open interest100%
Chain status
Complete available chain
Market date
31 Jul 2026
Calculation
v2.0
Contracts
27 / 27
  • 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

93/100
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: $7120 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+1.7%
Call premium78%
Put premium22%
Notional split C 78% / P 22% Estimated gross traded notional uses volume × contract multiplier × midpoint, or last price when no valid midpoint is available.
Freshness 0.07 Volume divided by open interest across the visible chain.
Trend fit 0/100 Agreement between options pressure and Sharemaestro market context.
Event window 6 Aug Matched earnings event is 4 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 9 contracts traded, $2036 estimated gross traded notional, and 29% of visible notional.
$2036
Calls · 8-21 days · OTM calls cluster with 100 contracts traded, $1924 estimated gross traded notional, and 27% of visible notional.
$1924
Calls · 46-90 days · OTM calls cluster with 21 contracts traded, $1173 estimated gross traded notional, and 16% of visible notional.
$1173
Puts · 46-90 days · ITM puts cluster with 2 contracts traded, $790 estimated gross traded notional, and 11% of visible notional.
$790
Puts · 8-21 days · ITM puts cluster with 12 contracts traded, $710 estimated gross traded notional, and 10% of visible notional.
$710

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
Close3.57
1W+1.7%
RS-4.4
Fair value-7.6%
Options pressure86
Speculation10
Volatility96
Trend fit0

Today Versus Normal

Stored-options context

View history
Expected move 25.6% history building
30d avg - · 3/10 sessions -
90d avg - · 3/30 sessions -
180d avg - · 3/60 sessions -
IV 2.79 history building
30d avg - · 3/10 sessions -
90d avg - · 3/30 sessions -
180d avg - · 3/60 sessions -
Put-call 0.13 history building
30d avg - · 2/10 sessions -
90d avg - · 2/30 sessions -
180d avg - · 2/60 sessions -
Volume/OI 0.07 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 11:38 Bearish
Pressure -45
Move 25.6%
30 Jul 11:17 Mixed
Pressure 9
Move 8.6%
31 Jul 10:52 Volatility
Pressure 100
Move 12.6%
31 Jul 19:56 Volatility
Pressure 86
Move 25.6%
31 Jul 20:53 Volatility
Pressure 86
Move 25.6%

Strike Map

Where activity is clustering

Full strike map
Strike1.00
Calls · V 0 · OI 0
Puts · V 0 · OI 1
Strike3.00
Calls · V 1 · OI 15
Puts · V 1 · OI 110
Strike4.00
Calls · V 96 · OI 271
Puts · V 10 · OI 12
Strike5.00
Calls · V 0 · OI 1
Puts · V 2 · OI 2
Strike6.00
Calls · V 4 · OI 18
Puts · V 0 · OI 0

Term Structure

Expiration activity

Volume and IV
Expiry21 Aug 2026
Contracts8
Avg IV2.79
Put-call0.13
Expiry18 Sep 2026
Contracts2
Avg IV2.83
Put-call-
Expiry16 Oct 2026
Contracts10
Avg IV1.80
Put-call0.10
Expiry15 Jan 2027
Contracts7
Avg IV1.40
Put-call0.25

Skew

Call/put IV balance

OTM demand
21 Aug 2026Put IV premium
Call IV0.70
Put IV0.84
Skew0.14
18 Sep 2026Put IV premium
Call IV2.56
Put IV3.09
Skew0.53
16 Oct 2026Put IV premium
Call IV0.93
Put IV2.62
Skew1.69
15 Jan 2027Balanced skew
Call IV0.94
Put IV0.92
Skew-0.02

Contract Tape

Most active contracts

Full contract tape
ContractSABS260918P00003000
SidePut
Expiry18 Sep 2026
Strike3.00
Volume-
OI100
IV3.09
ContractSABS270115C00006000
SideCall
Expiry15 Jan 2027
Strike6.00
Volume-
OI20
IV1.80
ContractSABS261016C00006000
SideCall
Expiry16 Oct 2026
Strike6.00
Volume-
OI7
IV2.61
ContractSABS261016P00004000
SidePut
Expiry16 Oct 2026
Strike4.00
Volume-
OI1
IV2.38
ContractSABS260821C00005000
SideCall
Expiry21 Aug 2026
Strike5.00
Volume-
OI1
IV4.27
ContractSABS260821P00001000
SidePut
Expiry21 Aug 2026
Strike1.00
Volume-
OI1
IV3.06
ContractSABS270115C00002000
SideCall
Expiry15 Jan 2027
Strike2.00
Volume-
OI1
IV1.27
ContractSABS260821C00004000
SideCall
Expiry21 Aug 2026
Strike4.00
Volume96
OI271
IV0.70