Ticker Options Intelligence

PRCT options intelligence

Procept Biorobotics Corp options pressure, expected move, strike concentration, and Sharemaestro trend context.

Conviction 28 Market data through 31 Jul 2026 Checked 1 Aug 2026 20:18 · complete available chain

Options-market disagreement

Mixed pressure

PRCT currently carries mixed options pressure with a 28/100 conviction score. The nearest-chain expected move is 19.3%, 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 Mixed

Options-market disagreement

Expected move 19.3%

Wider near-term move priced

Activity / OI 0.03

Current volume is quieter versus prior open interest

Put-call 0.93

Balanced tape

Trend fit 48

Options are not fully confirming trend

Weekly backdrop +11.6%

RS -42.8

Expected move 19.3%
Put-call volume 0.93
Volume / OI 0.03
Reference IV 0.93
Max pain 20.00
Underlying 18.62
Nearest expiry 21 Aug 2026
Contracts 106

Research Brief

PRCT has a mixed chain read with 28/100 evidence alignment.

The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 15.02–22.22; The largest call open-interest concentration is 25.00; the largest put concentration is 20.00. The most active strike by current volume is 25.00.

Priced range15.02–22.22
Call concentration25.00
Put concentration20.00
Max pain reference20.00
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 15.02 to 22.22. Max pain at 20.00 sits inside that range, 7.4% above spot.

Spot Max pain
15.0218.62 ± 3.6022.22
Confirmation level

A close beyond 22.22 or below 15.02 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 28/100

Evidence alignment, not probability

Pressure is 11/100 toward calls; conviction uses its strength, while the signal label carries its direction.

Directional pressure11 × 42%
+4.5

How strongly activity leans toward calls or puts.

Participation5 × 22%
+1.2

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

Trend agreement48 × 26%
+12.4

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 score27.6Matches stored calculation

Positioning by Strike

Where open interest and current activity concentrate

Full strike map

The largest call open-interest concentration is 25.00; the largest put concentration is 20.00. The most active strike by current volume is 25.00. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.

Put open interestStrikeCall open interest
1
10.00-46.3%
4
3
12.50-32.9%
0
122
15.00-19.4%
4
157
17.50-6.0%
10
295
20.007.4%
337
25
22.5020.8%
518
11
25.0034.3%
650
10
27.5047.7%
49
0
30.0061.1%
578
0
32.5074.5%
117
0
35.0088.0%
460
Nearest spot strike Max pain strikeBars show relative OI within this expiry

Volatility Curve

Front-loaded volatility

1.23× front/back

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

0.93 21 Aug 21d
0.84 18 Sep 49d
0.78 16 Oct 77d
0.76 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.

15
18
20
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

A100/100
Retained chain100%
Implied volatility100%
Two-sided quotes100%
Open interest100%
Chain status
Complete available chain
Market date
31 Jul 2026
Calculation
v2.0
Contracts
106 / 106
  • 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

85/100
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 No clean flow/price divergence

The options read is mixed, so divergence is not strong enough to classify.

Why this matters

Earnings/event positioning matters because it connects the options headline to the actual evidence: $30020 of estimated gross traded notional, puts · 91+ days · itm, and a no clean flow/price divergence backdrop. Use it as a research priority signal, then validate the chart, liquidity, event calendar, and risk before acting.

Options pressure+11
1W price+11.6%
Call premium24%
Put premium76%
Notional split C 24% / P 76% 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 48/100 Agreement between options pressure and Sharemaestro market context.
Event window 4 Aug Matched earnings event is 2 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 · 91+ days · ITM
Puts · 91+ days · ITM puts cluster with 6 contracts traded, $10290 estimated gross traded notional, and 34% of visible notional.
$10290
Puts · 46-90 days · ITM puts cluster with 4 contracts traded, $8780 estimated gross traded notional, and 29% of visible notional.
$8780
Puts · 46-90 days · OTM puts cluster with 100 contracts traded, $3750 estimated gross traded notional, and 12% of visible notional.
$3750
Calls · 8-21 days · OTM calls cluster with 93 contracts traded, $3142 estimated gross traded notional, and 10% of visible notional.
$3142
Calls · 91+ days · OTM calls cluster with 10 contracts traded, $1965 estimated gross traded notional, and 7% of visible notional.
$1965

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

-

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
Close18.62
1W+11.6%
RS-42.8
Fair value-61.6%
Options pressure11
Speculation5
Volatility96
Trend fit48

Today Versus Normal

Stored-options context

View history
Expected move 19.3% history building
30d avg - · 3/10 sessions -
90d avg - · 3/30 sessions -
180d avg - · 3/60 sessions -
IV 0.93 history building
30d avg - · 3/10 sessions -
90d avg - · 3/30 sessions -
180d avg - · 3/60 sessions -
Put-call 0.93 history building
30d avg - · 3/10 sessions -
90d avg - · 3/30 sessions -
180d avg - · 3/60 sessions -
Volume/OI 0.03 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 11:06 Volatility
Pressure 100
Move 20.8%
30 Jul 10:54 Volatility
Pressure 96
Move 21.1%
31 Jul 10:35 Volatility
Pressure -87
Move 21.6%
1 Aug 19:18 Mixed
Pressure 11
Move 19.3%

Strike Map

Where activity is clustering

Full strike map
Strike10.00
Calls · V 0 · OI 4
Puts · V 0 · OI 1
Strike12.50
Calls · V 0 · OI 0
Puts · V 0 · OI 3
Strike15.00
Calls · V 0 · OI 4
Puts · V 0 · OI 122
Strike17.50
Calls · V 0 · OI 10
Puts · V 0 · OI 157
Strike20.00
Calls · V 8 · OI 337
Puts · V 0 · OI 295
Strike22.50
Calls · V 0 · OI 518
Puts · V 0 · OI 25
Strike25.00
Calls · V 83 · OI 650
Puts · V 0 · OI 11
Strike27.50
Calls · V 1 · OI 49
Puts · V 0 · OI 10

Term Structure

Expiration activity

Volume and IV
Expiry21 Aug 2026
Contracts22
Avg IV0.93
Put-call-
Expiry18 Sep 2026
Contracts22
Avg IV0.84
Put-call12.50
Expiry16 Oct 2026
Contracts30
Avg IV0.78
Put-call0.57
Expiry15 Jan 2027
Contracts32
Avg IV0.76
Put-call0.60

Skew

Call/put IV balance

OTM demand
21 Aug 2026Put IV premium
Call IV0.97
Put IV1.04
Skew0.07
18 Sep 2026Put IV premium
Call IV0.74
Put IV0.95
Skew0.21
16 Oct 2026Put IV premium
Call IV0.76
Put IV0.86
Skew0.11
15 Jan 2027Put IV premium
Call IV0.71
Put IV0.80
Skew0.09

Contract Tape

Most active contracts

Full contract tape
ContractPRCT260918P00012500
SidePut
Expiry18 Sep 2026
Strike12.50
Volume100
OI201
IV1.00
ContractPRCT260821C00025000
SideCall
Expiry21 Aug 2026
Strike25.00
Volume83
OI650
IV0.97
ContractPRCT260821C00020000
SideCall
Expiry21 Aug 2026
Strike20.00
Volume8
OI337
IV1.01
ContractPRCT270115C00025000
SideCall
Expiry15 Jan 2027
Strike25.00
Volume7
OI408
IV0.76
ContractPRCT261016C00035000
SideCall
Expiry16 Oct 2026
Strike35.00
Volume7
OI141
IV0.53
ContractPRCT260918C00017500
SideCall
Expiry18 Sep 2026
Strike17.50
Volume7
OI-
IV0.79
ContractPRCT270115P00035000
SidePut
Expiry15 Jan 2027
Strike35.00
Volume6
OI10
IV0.93
ContractPRCT261016P00040000
SidePut
Expiry16 Oct 2026
Strike40.00
Volume4
OI19
IV1.35