Ticker Options Intelligence

CSBR options intelligence

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

Conviction 39 Market data through 31 Jul 2026 Checked 31 Jul 2026 14:51 · complete available chain

Call-side pressure

Bullish pressure

CSBR currently carries bullish options pressure with a 39/100 conviction score. The nearest-chain expected move is 48.9%, with volume/open-interest participation at 0.76.

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

Call-side pressure

Expected move 48.9%

Wider near-term move priced

Activity / OI 0.76

Current volume is elevated versus prior open interest

Put-call 0.51

Call-side skew

Trend fit 37

Options are not fully confirming trend

Weekly backdrop +0.0%

RS -12.4

Expected move 48.9%
Put-call volume 0.51
Volume / OI 0.76
Reference IV 6.86
Max pain 5.00
Underlying 6.13
Nearest expiry 21 Aug 2026
Contracts 10

Research Brief

CSBR has a bullish chain read with 39/100 evidence alignment.

The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 3.13–9.13; The largest call open-interest concentration is 7.50; the largest put concentration is 2.50. The most active strike by current volume is 7.50.

Priced range3.13–9.13
Call concentration7.50
Put concentration2.50
Max pain reference5.00
What would confirm it
  • Price holds or improves while call-side concentration remains elevated.
What would weaken it
  • Price weakens while call pressure fades or reverses toward puts.
  • 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 3.13 to 9.13. Max pain at 5.00 sits inside that range, 18.4% below spot.

Spot Max pain
3.136.13 ± 3.009.13
Confirmation level

A close beyond 9.13 or below 3.13 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 39/100

Evidence alignment, not probability

Pressure is 35/100 toward calls; conviction uses its strength, while the signal label carries its direction.

Directional pressure35 × 42%
+14.6

How strongly activity leans toward calls or puts.

Participation25 × 22%
+5.5

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

Trend agreement37 × 26%
+9.6

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 score39.4Matches stored calculation

Positioning by Strike

Where open interest and current activity concentrate

Full strike map

The largest call open-interest concentration is 7.50; the largest put concentration is 2.50. The most active strike by current volume is 7.50. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.

Put open interestStrikeCall open interest
30
2.50-59.2%
0
0
5.00-18.4%
3
2
7.5022.3%
42
0
15.00144.7%
1
Nearest spot strike Max pain strikeBars show relative OI within this expiry

Volatility Curve

Front-loaded volatility

3.24× front/back

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

6.86 21 Aug 21d
2.12 20 Nov 112d

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.

5
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

A90/100
Retained chain100%
Implied volatility90%
Two-sided quotes100%
Open interest100%
Chain status
Complete available chain
Market date
31 Jul 2026
Calculation
v2.0
Contracts
10 / 10
  • 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

Likely noise

30/100
Primary intent Likely noise

There is useful activity, but aggregate chain data does not isolate participant intent.

Flow vs price divergence Bullish flow before price confirmation

Call-side pressure is building before a meaningful weekly price response.

Why this matters

Likely noise matters because it connects the options headline to the actual evidence: $1544 of estimated gross traded notional, calls · 8-21 days · otm, and a bullish flow before price confirmation backdrop. Use it as a research priority signal, then validate the chart, liquidity, event calendar, and risk before acting.

Options pressure+35
1W price+0.0%
Call premium77%
Put premium23%
Notional split C 77% / P 23% Estimated gross traded notional uses volume × contract multiplier × midpoint, or last price when no valid midpoint is available.
Freshness 0.76 Volume divided by open interest across the visible chain.
Trend fit 37/100 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 · 8-21 days · OTM
Calls · 8-21 days · OTM calls cluster with 40 contracts traded, $800 estimated gross traded notional, and 52% of visible notional.
$800
Puts · 91+ days · OTM puts cluster with 2 contracts traded, $260 estimated gross traded notional, and 17% of visible notional.
$260
Calls · 91+ days · ITM calls cluster with 1 contracts traded, $145 estimated gross traded notional, and 9% of visible notional.
$145
Calls · 91+ days · OTM calls cluster with 1 contracts traded, $140 estimated gross traded notional, and 9% of visible notional.
$140
Puts · 8-21 days · OTM puts cluster with 20 contracts traded, $100 estimated gross traded notional, and 6% of visible notional.
$100

Setup Classification

Opportunity and risk frame

Context, not advice
Warning Speculative chase

Participation is active enough to treat follow-through risk carefully.

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
Close6.13
1W+0.0%
RS-12.4
Fair value-2.5%
Options pressure35
Speculation25
Volatility96
Trend fit37

Today Versus Normal

Stored-options context

View history
Expected move 48.9% history building
30d avg - · 3/10 sessions -
90d avg - · 3/30 sessions -
180d avg - · 3/60 sessions -
IV 6.86 history building
30d avg - · 3/10 sessions -
90d avg - · 3/30 sessions -
180d avg - · 3/60 sessions -
Put-call 0.51 history building
30d avg - · 2/10 sessions -
90d avg - · 2/30 sessions -
180d avg - · 2/60 sessions -
Volume/OI 0.76 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 11:47 Volatility
Pressure 88
Move 36.6%
30 Jul 11:24 Mixed
Pressure -12
Move 18.9%
30 Jul 15:12 Volatility
Pressure 21
Move 86.5%
30 Jul 17:30 Volatility
Pressure 20
Move 86.5%
31 Jul 11:05 Volatility
Pressure 88
Move 36.1%
31 Jul 13:51 Bullish
Pressure 35
Move 48.9%

Strike Map

Where activity is clustering

Full strike map
Strike2.50
Calls · V 0 · OI 0
Puts · V 20 · OI 30
Strike5.00
Calls · V 1 · OI 3
Puts · V 0 · OI 0
Strike7.50
Calls · V 40 · OI 42
Puts · V 0 · OI 2
Strike15.00
Calls · V 0 · OI 1
Puts · V 0 · OI 0

Term Structure

Expiration activity

Volume and IV
Expiry21 Aug 2026
Contracts5
Avg IV6.86
Put-call0.49
Expiry20 Nov 2026
Contracts5
Avg IV2.12
Put-call1.00

Skew

Call/put IV balance

OTM demand
21 Aug 2026Incomplete skew
Call IV1.61
Put IV-
Skew-
20 Nov 2026Put IV premium
Call IV0.13
Put IV2.44
Skew2.32

Contract Tape

Most active contracts

Full contract tape
ContractCSBR261120P00007500
SidePut
Expiry20 Nov 2026
Strike7.50
Volume-
OI2
IV1.07
ContractCSBR260821P00007500
SidePut
Expiry21 Aug 2026
Strike7.50
Volume-
OI2
IV2.32
ContractCSBR260821C00015000
SideCall
Expiry21 Aug 2026
Strike15.00
Volume-
OI1
IV7.73
ContractCSBR261120P00010000
SidePut
Expiry20 Nov 2026
Strike10.00
Volume-
OI-
IV0.00
ContractCSBR260821C00007500
SideCall
Expiry21 Aug 2026
Strike7.50
Volume40
OI42
IV1.61
ContractCSBR260821P00002500
SidePut
Expiry21 Aug 2026
Strike2.50
Volume20
OI30
IV-
ContractCSBR261120P00005000
SidePut
Expiry20 Nov 2026
Strike5.00
Volume2
OI4
IV2.44
ContractCSBR260821C00005000
SideCall
Expiry21 Aug 2026
Strike5.00
Volume1
OI3
IV15.78