Ticker Options Intelligence

SLN options intelligence

Silence Therapeutics PLC options pressure, expected move, strike concentration, and Sharemaestro trend context.

Conviction 36 Market data through 30 Jul 2026 Checked 30 Jul 2026 15:52 · complete available chain

Put-side pressure

Bearish pressure

SLN currently carries bearish options pressure with a 36/100 conviction score. The nearest-chain expected move is 77.1%, with volume/open-interest participation at 0.03.

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

Put-side pressure

Expected move 77.1%

Wider near-term move priced

Activity / OI 0.03

Current volume is quieter versus prior open interest

Put-call 2.18

Put-side skew

Trend fit 52

Options are not fully confirming trend

Weekly backdrop -4.8%

RS 49.5

Expected move 77.1%
Put-call volume 2.18
Volume / OI 0.03
Reference IV 4.34
Max pain 10.00
Underlying 11.02
Nearest expiry 21 Aug 2026
Contracts 35

Research Brief

SLN has a bearish chain read with 36/100 evidence alignment.

The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 2.52–19.52; The largest call open-interest concentration is 10.00; the largest put concentration is 10.00. The most active strike by current volume is 15.00.

Priced range2.52–19.52
Call concentration10.00
Put concentration10.00
Max pain reference10.00
What would confirm it
  • Price remains weak while put-side concentration persists.
What would weaken it
  • Price recovers while put pressure fades or reverses toward calls.
  • 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 2.52 to 19.52. Max pain at 10.00 sits inside that range, 9.3% below spot.

Spot Max pain
2.5211.02 ± 8.5019.52
Confirmation level

A close beyond 19.52 or below 2.52 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 36/100

Evidence alignment, not probability

Pressure is 26/100 toward puts; conviction uses its strength, while the signal label carries its direction.

Directional pressure26 × 42%
+11.0

How strongly activity leans toward calls or puts.

Participation9 × 22%
+1.9

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

Trend agreement53 × 26%
+13.7

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 score36.2Matches stored calculation

Positioning by Strike

Where open interest and current activity concentrate

Full strike map

The largest call open-interest concentration is 10.00; the largest put concentration is 10.00. The most active strike by current volume is 15.00. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.

Put open interestStrikeCall open interest
90
2.50-77.3%
0
29
5.00-54.6%
8
23
7.50-31.9%
7
130
10.00-9.3%
1239
0
12.5013.4%
16
0
15.0036.1%
59
Nearest spot strike Max pain strikeBars show relative OI within this expiry

Volatility Curve

Front-loaded volatility

3.08× front/back

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

4.34 21 Aug 22d
2.75 18 Sep 50d
2.17 16 Oct 78d
1.41 15 Jan 169d

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.

10
13
Put IV Call IV

Historical Replay

How matured reads behaved through expiry

0 directional observations

No independently verifiable option-expiry outcomes have matured yet. Legacy snapshots without a point-in-time market reference and repeated same-session snapshots are deliberately excluded.

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

Usable with limits

C69/100
Retained chain100%
Implied volatility100%
Two-sided quotes100%
Open interest100%
Chain status
Complete available chain
Market date
30 Jul 2026
Calculation
v1.x legacy
Contracts
35 / 35
  • 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

81/100
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 Bearish flow confirms price

Options pressure and weekly price action are both cautionary.

Why this matters

Earnings/event positioning matters because it connects the options headline to the actual evidence: $77367 of estimated gross traded notional, puts · 46-90 days · otm, and a bearish flow confirms price backdrop. Use it as a research priority signal, then validate the chart, liquidity, event calendar, and risk before acting.

Options pressure-26
1W price-4.8%
Call premium58%
Put premium42%
Notional split C 58% / P 42% Estimated gross traded notional uses volume × contract multiplier × midpoint, or last price when no valid midpoint is available.
Freshness 0.03 Volume divided by open interest across the visible chain.
Trend fit 52/100 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 Puts · 46-90 days · OTM
Puts · 46-90 days · OTM puts cluster with 161 contracts traded, $24440 estimated gross traded notional, and 32% of visible notional.
$24440
Calls · 46-90 days · ITM calls cluster with 26 contracts traded, $22070 estimated gross traded notional, and 29% of visible notional.
$22070
Calls · 22-45 days · OTM calls cluster with 26 contracts traded, $7925 estimated gross traded notional, and 10% of visible notional.
$7925
Calls · 46-90 days · OTM calls cluster with 22 contracts traded, $7275 estimated gross traded notional, and 9% of visible notional.
$7275
Puts · 22-45 days · OTM puts cluster with 18 contracts traded, $4567 estimated gross traded notional, and 6% of visible notional.
$4567

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

Warming up

-

2 of 10 completed market sessions are available. More session history is needed before activity can be compared with a reliable normal.

Baseline: 2 completed sessions

Volume rank-
Volume/OI rank-
IV rank-

Market Context

Underlying confirmation

Sharemaestro weekly
Close10.49
1W-4.8%
RS49.5
Fair value-2.0%
Options pressure-26
Speculation9
Volatility96
Trend fit53

Today Versus Normal

Stored-options context

View history
Expected move 77.1% history building
30d avg - · 2/10 sessions -
90d avg - · 2/30 sessions -
180d avg - · 2/60 sessions -
IV 4.34 history building
30d avg - · 2/10 sessions -
90d avg - · 2/30 sessions -
180d avg - · 2/60 sessions -
Put-call 2.18 history building
30d avg - · 2/10 sessions -
90d avg - · 2/30 sessions -
180d avg - · 2/60 sessions -
Volume/OI 0.03 history building
30d avg - · 2/10 sessions -
90d avg - · 2/30 sessions -
180d avg - · 2/60 sessions -

Pressure Trail

Recent pressure and volatility

Open trail
29 Jul 11:36 Bearish
Pressure -22
Move 65.1%
30 Jul 11:16 Volatility
Pressure 89
Move 63.7%
30 Jul 14:52 Bearish
Pressure -26
Move 77.1%

Strike Map

Where activity is clustering

Full strike map
Strike2.50
Calls · V 0 · OI 0
Puts · V 0 · OI 90
Strike5.00
Calls · V 0 · OI 8
Puts · V 1 · OI 29
Strike7.50
Calls · V 0 · OI 7
Puts · V 15 · OI 23
Strike10.00
Calls · V 5 · OI 1239
Puts · V 2 · OI 130
Strike12.50
Calls · V 5 · OI 16
Puts · V 0 · OI 0
Strike15.00
Calls · V 21 · OI 59
Puts · V 0 · OI 0

Term Structure

Expiration activity

Volume and IV
Expiry21 Aug 2026
Contracts9
Avg IV4.34
Put-call0.58
Expiry18 Sep 2026
Contracts4
Avg IV2.75
Put-call-
Expiry16 Oct 2026
Contracts12
Avg IV2.17
Put-call5.37
Expiry15 Jan 2027
Contracts10
Avg IV1.41
Put-call1.50

Skew

Call/put IV balance

OTM demand
21 Aug 2026Put IV premium
Call IV4.06
Put IV4.40
Skew0.34
18 Sep 2026Call IV premium
Call IV2.52
Put IV2.40
Skew-0.12
16 Oct 2026Put IV premium
Call IV2.42
Put IV2.99
Skew0.56
15 Jan 2027Put IV premium
Call IV1.50
Put IV1.76
Skew0.26

Contract Tape

Most active contracts

Full contract tape
ContractSLN261016P00012500
SidePut
Expiry16 Oct 2026
Strike12.50
Volume-
OI150
IV2.15
ContractSLN260821P00002500
SidePut
Expiry21 Aug 2026
Strike2.50
Volume-
OI90
IV4.11
ContractSLN261016P00002500
SidePut
Expiry16 Oct 2026
Strike2.50
Volume-
OI22
IV11.13
ContractSLN260918P00007500
SidePut
Expiry18 Sep 2026
Strike7.50
Volume-
OI15
IV3.63
ContractSLN270115C00007500
SideCall
Expiry15 Jan 2027
Strike7.50
Volume-
OI15
IV1.61
ContractSLN260821C00005000
SideCall
Expiry21 Aug 2026
Strike5.00
Volume-
OI8
IV3.56
ContractSLN260821C00007500
SideCall
Expiry21 Aug 2026
Strike7.50
Volume-
OI7
IV3.56
ContractSLN260918C00012500
SideCall
Expiry18 Sep 2026
Strike12.50
Volume-
OI5
IV2.52