Ticker Options Intelligence

IMTX options intelligence

Immatics NV options pressure, expected move, strike concentration, and Sharemaestro trend context.

Conviction 44 Market data through 30 Jul 2026 Checked 31 Jul 2026 11:35 · complete available chain

Call-side pressure

Bullish pressure

IMTX currently carries bullish options pressure with a 44/100 conviction score. The nearest-chain expected move is 3.2%, 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 Bullish

Call-side pressure

Expected move 3.2%

Near-term move context

Activity / OI 0.02

Current volume is quieter versus prior open interest

Put-call 0.00

Call-side skew

Trend fit 0

Options are not fully confirming trend

Weekly backdrop -4.6%

RS -15.9

Expected move 3.2%
Put-call volume -
Volume / OI 0.02
Reference IV 0.13
Max pain 8.00
Underlying 9.08
Nearest expiry 21 Aug 2026
Contracts 142

Research Brief

IMTX has a bullish chain read with 44/100 evidence alignment.

The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 8.79–9.37; The largest call open-interest concentration is 1.00; the largest put concentration is 8.00. The most active strike by current volume is 1.00.

Priced range8.79–9.37
Call concentration1.00
Put concentration8.00
Max pain reference8.00
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.

Priced Move

Where the chain says movement becomes exceptional

Size, not direction · through 21 Aug

Options imply 8.79 to 9.37. Max pain at 8.00 lies outside the priced range, so it is a weak near-term anchor.

Spot Max pain
8.799.08 ± 0.299.37
Confirmation level

A close beyond 9.37 or below 8.79 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 44/100

Evidence alignment, not probability

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

Directional pressure100 × 42%
+42.0

How strongly activity leans toward calls or puts.

Participation1 × 22%
+0.1

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.

Volatility22 × 10%
+2.2

The intensity of implied volatility and the priced move.

Reconstructed score44.3Matches stored calculation

Positioning by Strike

Where open interest and current activity concentrate

Full strike map

The largest call open-interest concentration is 1.00; the largest put concentration is 8.00. The most active strike by current volume is 1.00. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.

Put open interestStrikeCall open interest
0
1.00-89.0%
0
0
2.00-78.0%
0
0
3.00-67.0%
0
0
4.00-55.9%
0
0
5.00-44.9%
0
0
6.00-33.9%
0
0
7.00-22.9%
0
6
8.00-11.9%
0
0
9.00-0.9%
0
0
10.0010.1%
0
0
11.0021.1%
0
0
12.0032.2%
0
0
13.0043.2%
0
0
14.0054.2%
0
0
15.0065.2%
0
0
16.0076.2%
0
0
17.0087.2%
0
Nearest spot strike Max pain strikeBars show relative OI within this expiry

Volatility Curve

Back-loaded volatility

0.38× front/back

Longer-dated options carry more implied volatility than the front expiry, so risk is priced farther out.

0.13 21 Aug 22d
0.35 18 Sep 50d
0.36 16 Oct 78d
0.34 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.

8
9
10
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

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
v2.0
Contracts
142 / 142
  • 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

69/100
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 Bullish flow against weak price

Options are leaning call-side while the stock is down on the week, a divergence that needs price confirmation.

Why this matters

Earnings/event positioning matters because it connects the options headline to the actual evidence: $3655 of estimated gross traded notional, calls · 8-21 days · itm, and a bullish flow against weak price backdrop. Use it as a research priority signal, then validate the chart, liquidity, event calendar, and risk before acting.

Options pressure+100
1W price-4.6%
Call premium100%
Put premium0%
Notional split C 100% / P 0% 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 0/100 Agreement between options pressure and Sharemaestro market context.
Event window 12 Aug Matched earnings event is 10 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 · 8-21 days · ITM
Calls · 8-21 days · ITM calls cluster with 4 contracts traded, $3320 estimated gross traded notional, and 91% of visible notional.
$3320
Calls · 46-90 days · OTM calls cluster with 2 contracts traded, $180 estimated gross traded notional, and 5% of visible notional.
$180
Calls · 91+ days · OTM calls cluster with 1 contracts traded, $155 estimated gross traded notional, and 4% of visible notional.
$155

Setup Classification

Opportunity and risk frame

Context, not advice
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

-

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
Close8.66
1W-4.6%
RS-15.9
Fair value-6.0%
Options pressure100
Speculation1
Volatility22
Trend fit0

Today Versus Normal

Stored-options context

View history
Expected move 3.2% history building
30d avg - · 2/10 sessions -
90d avg - · 2/30 sessions -
180d avg - · 2/60 sessions -
IV 0.13 history building
30d avg - · 2/10 sessions -
90d avg - · 2/30 sessions -
180d avg - · 2/60 sessions -
Put-call 0.00 history building
30d avg - · 0/10 sessions -
90d avg - · 0/30 sessions -
180d avg - · 0/60 sessions -
Volume/OI 0.02 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 11:06 Mixed
Pressure 8
Move 10.9%
30 Jul 10:54 Volatility
Pressure -92
Move 14.0%
31 Jul 10:35 Bullish
Pressure 100
Move 3.2%

Strike Map

Where activity is clustering

Full strike map
Strike1.00
Calls · V 4 · OI 0
Puts · V 0 · OI 0
Strike2.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike3.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike4.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike5.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike6.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike7.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike8.00
Calls · V 0 · OI 0
Puts · V 0 · OI 6

Term Structure

Expiration activity

Volume and IV
Expiry21 Aug 2026
Contracts36
Avg IV0.13
Put-call-
Expiry18 Sep 2026
Contracts34
Avg IV0.35
Put-call-
Expiry16 Oct 2026
Contracts36
Avg IV0.36
Put-call-
Expiry15 Jan 2027
Contracts36
Avg IV0.34
Put-call-

Skew

Call/put IV balance

OTM demand
21 Aug 2026Call IV premium
Call IV0.20
Put IV0.08
Skew-0.12
18 Sep 2026Call IV premium
Call IV0.13
Put IV0.05
Skew-0.08
16 Oct 2026Call IV premium
Call IV0.70
Put IV0.05
Skew-0.64
15 Jan 2027Balanced skew
Call IV0.06
Put IV0.04
Skew-0.02

Contract Tape

Most active contracts

Full contract tape
ContractIMTX260821C00001000
SideCall
Expiry21 Aug 2026
Strike1.00
Volume4
OI-
IV5.89
ContractIMTX261016C00010000
SideCall
Expiry16 Oct 2026
Strike10.00
Volume2
OI81
IV0.70
ContractIMTX270115C00010000
SideCall
Expiry15 Jan 2027
Strike10.00
Volume1
OI42
IV0.06
ContractIMTX261016C00005000
SideCall
Expiry16 Oct 2026
Strike5.00
Volume-
OI100
IV0.63
ContractIMTX260918P00011000
SidePut
Expiry18 Sep 2026
Strike11.00
Volume-
OI50
IV0.99
ContractIMTX261016P00011000
SidePut
Expiry16 Oct 2026
Strike11.00
Volume-
OI30
IV0.81
ContractIMTX270115C00013000
SideCall
Expiry15 Jan 2027
Strike13.00
Volume-
OI6
IV0.23
ContractIMTX260821P00008000
SidePut
Expiry21 Aug 2026
Strike8.00
Volume-
OI6
IV0.33