Ticker Options Intelligence

IPSC options intelligence

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

Conviction 60 Market data through 17 Sep 2026 Checked 18 Sep 2026 13:06 · complete available chain

Volatility expansion watch

Volatility pressure

IPSC currently carries volatility options pressure with a 60/100 conviction score. The nearest-chain expected move is 24.4%, with volume/open-interest participation at 0.02.

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

Volatility expansion watch

Expected move 24.4%

Wider near-term move priced

Activity / OI 0.02

Current volume is quieter versus prior open interest

Put-call 134.00

Put-side skew

Trend fit 33

Options are not fully confirming trend

Weekly backdrop -8.1%

RS 4.7

Expected move 24.4%
Put-call volume 134.00
Volume / OI 0.02
Reference IV 4.67
Max pain 2.50
Underlying 1.94
Nearest expiry 18 Sep 2026
Contracts 84

Research Brief

IPSC has a volatility chain read with 60/100 evidence alignment.

The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 1.47–2.41; The largest call open-interest concentration is 2.50; the largest put concentration is 1.50. The most active strike by current volume is 0.50.

Priced range1.47–2.41
Call concentration2.50
Put concentration1.50
Max pain reference2.50
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 18 Sep

Options imply 1.47 to 2.41. Max pain at 2.50 lies outside the priced range, so it is a weak near-term anchor.

Spot Max pain
1.471.94 ± 0.472.41
Confirmation level

A close beyond 2.41 or below 1.47 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 60/100

Evidence alignment, not probability

Pressure is 97/100 toward puts; conviction uses its strength, while the signal label carries its direction.

Directional pressure97 × 42%
+40.9

How strongly activity leans toward calls or puts.

Participation2 × 22%
+0.5

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

Trend agreement33 × 26%
+8.6

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 score59.6Matches stored calculation

Positioning by Strike

Where open interest and current activity concentrate

Full strike map

The largest call open-interest concentration is 2.50; the largest put concentration is 1.50. The most active strike by current volume is 0.50. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.

Put open interestStrikeCall open interest
0
0.50-74.2%
0
10
1.00-48.5%
0
20
1.50-22.7%
0
0
2.003.1%
0
1
2.5028.9%
7
0
5.00157.7%
1
0
7.50286.6%
0
Nearest spot strike Max pain strikeBars show relative OI within this expiry

Gamma Profile by Strike

Positive gamma proxy

Reported Greeks · 97% 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+$2,204Delta change / 1% move
Positive peak2.50+$1,296
Negative peak5.00-$403
Nearest balance1.03Interpolated sign change
StrikeNegativePositiveNet / 1% move
0.50-74.2%
-$39
1.00-48.5%
-$7
1.50-22.7%
+$104
2.003.1%
+$1,251
2.5028.9%
+$1,296
5.00157.7%
-$403
7.50286.6%
+$1
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

5.88× front/back

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

4.67 18 Sep 1d
0.82 16 Oct 29d
0.93 20 Nov 64d
1.35 15 Jan 120d
0.46 19 Mar 183d
0.79 16 Apr 211d

Volatility by Strike

Smile incomplete

Nearest expiry, within 20% of spot

There is not enough comparable OTM call and put volatility to classify the smile.

2
Put IV Call IV

Historical Replay

How matured reads behaved through expiry

12 matured · 2 directional

Across 2 stored directional transitions, the next stored price moved in the labelled direction 100% of the time.

Directional follow-through100%
Moves contained by pricing100%
Average expiry move3.7%
17 Aug Volatility · 59 7.8% through expiry 35.3% priced · v2.0
14 Aug Mixed · 34 7.8% through expiry 20.8% priced · v2.0
13 Aug Bullish · 33 3.5% through expiry 20.8% priced · v2.0
12 Aug Volatility · 58 3.5% through expiry 20.4% priced · v2.0
10 Aug Volatility · 51 3.5% through expiry 29.5% priced · v2.0
7 Aug Mixed · 38 3.5% through expiry 40.2% priced · v2.0
6 Aug Volatility · 46 2.5% through expiry 21.1% priced · v2.0
5 Aug Volatility · 57 2.5% through expiry 20.4% priced · v2.0
4 Aug Volatility · 51 2.5% through expiry 33.6% priced · v2.0
3 Aug Bullish · 42 2.5% through expiry 20.2% priced · v2.0
31 Jul Volatility · 62 2.5% through expiry 19.7% priced · v2.0
30 Jul Volatility · 50 -1.9% through expiry 46.8% 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
84 / 84
  • 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: $14,710 of estimated gross traded notional, puts · 91+ 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-97
1W price-8.1%
Call premium0%
Put premium100%
Notional split C 0% / P 100% Estimated gross traded notional uses volume × contract multiplier × midpoint, or last price when no valid midpoint is available.
Freshness 0.02 Volume divided by open interest across the visible chain.
Trend fit 33/100 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 Puts · 91+ days · ITM
Puts · 91+ days · ITM puts cluster with 134 contracts traded, $14,680 estimated gross traded notional, and 100% of visible notional.
$14,680
Calls · 91+ days · OTM calls cluster with 1 contracts traded, $30 estimated gross traded notional, and 0% of visible notional.
$30

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

Normal range

51

Activity is broadly in line with recent stored snapshots.

Baseline: 24 completed sessions

Volume rank29th
Volume/OI rank25th
IV rank100th

Market Context

Underlying confirmation

Sharemaestro weekly
Close1.94
1W-8.1%
RS4.7
Fair value+8.8%
Options pressure-97
Speculation2
Volatility96
Trend fit33

Today Versus Normal

Stored-options context

View history
Expected move 24.4% near normal
30d avg 30.2% · 10 sessions 30th
90d avg - · 24/30 sessions -
180d avg - · 24/60 sessions -
IV 4.67 elevated
30d avg 1.70 · 10 sessions 100th
90d avg - · 24/30 sessions -
180d avg - · 24/60 sessions -
Put-call 134.00 elevated
30d avg 1.95 · 10 sessions 100th
90d avg - · 20/30 sessions -
180d avg - · 20/60 sessions -
Volume/OI 0.02 muted
30d avg 0.14 · 10 sessions 10th
90d avg - · 24/30 sessions -
180d avg - · 24/60 sessions -

Pressure Trail

Recent pressure and volatility

Open trail
29 Jul 11:27 Volatility
Pressure -92
Move 29.2%
30 Jul 11:12 Volatility
Pressure -95
Move 19.3%
31 Jul 05:08 Volatility
Pressure -95
Move 46.8%
3 Aug 03:30 Volatility
Pressure -95
Move 19.7%
4 Aug 05:10 Bullish
Pressure 49
Move 20.2%
5 Aug 10:41 Volatility
Pressure 96
Move 33.6%
6 Aug 10:52 Volatility
Pressure -92
Move 20.4%
7 Aug 12:25 Volatility
Pressure -23
Move 21.1%

Strike Map

Where activity is clustering

Full strike map
Strike0.50
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike1.00
Calls · V 0 · OI 0
Puts · V 0 · OI 10
Strike1.50
Calls · V 0 · OI 0
Puts · V 0 · OI 20
Strike2.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike2.50
Calls · V 0 · OI 7
Puts · V 0 · OI 1
Strike5.00
Calls · V 0 · OI 1
Puts · V 0 · OI 0
Strike7.50
Calls · V 0 · OI 0
Puts · V 0 · OI 0

Term Structure

Expiration activity

Volume and IV
Expiry18 Sep 2026
Contracts14
Avg IV4.67
Put-call-
Expiry16 Oct 2026
Contracts14
Avg IV0.82
Put-call-
Expiry20 Nov 2026
Contracts14
Avg IV0.93
Put-call-
Expiry15 Jan 2027
Contracts14
Avg IV1.35
Put-call-
Expiry19 Mar 2027
Contracts14
Avg IV0.46
Put-call-

Skew

Call/put IV balance

OTM demand
18 Sep 2026Put IV premium
Call IV1.19
Put IV3.09
Skew1.90
16 Oct 2026Call IV premium
Call IV1.19
Put IV0.58
Skew-0.60
20 Nov 2026Put IV premium
Call IV0.14
Put IV0.40
Skew0.25
15 Jan 2027Put IV premium
Call IV0.31
Put IV3.13
Skew2.82
19 Mar 2027Put IV premium
Call IV0.07
Put IV0.24
Skew0.17

Contract Tape

Most active contracts

Full contract tape
ContractIPSC270416P00002500
SidePut
Expiry16 Apr 2027
Strike2.50
Volume128
OI543
IV1.24
ContractIPSC270115P00002500
SidePut
Expiry15 Jan 2027
Strike2.50
Volume6
OI659
IV1.38
ContractIPSC270319C00002500
SideCall
Expiry19 Mar 2027
Strike2.50
Volume1
OI2452
IV0.25
ContractIPSC270319P00002500
SidePut
Expiry19 Mar 2027
Strike2.50
Volume-
OI1818
IV0.85
ContractIPSC270115C00002000
SideCall
Expiry15 Jan 2027
Strike2.00
Volume-
OI1183
IV1.90
ContractIPSC270319P00005000
SidePut
Expiry19 Mar 2027
Strike5.00
Volume-
OI664
IV1.23
ContractIPSC270115P00000500
SidePut
Expiry15 Jan 2027
Strike0.50
Volume-
OI411
IV1.30
ContractIPSC270416C00002500
SideCall
Expiry16 Apr 2027
Strike2.50
Volume-
OI337
IV0.23

Evidence context