Ticker Options Intelligence

UTHR options intelligence

United Therapeutics Corporation options pressure, expected move, strike concentration, and Sharemaestro trend context.

Conviction 45 Market data through 30 Jul 2026 Checked 31 Jul 2026 11:05 · complete available chain

Options-market disagreement

Mixed pressure

UTHR currently carries mixed options pressure with a 45/100 conviction score. The nearest-chain expected move is 8.5%, 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 Mixed

Options-market disagreement

Expected move 8.5%

Wider near-term move priced

Activity / OI 0.02

Current volume is quieter versus prior open interest

Put-call 1.17

Balanced tape

Trend fit 100

Options agree with trend context

Weekly backdrop -1.3%

RS 0.9

Expected move 8.5%
Put-call volume 1.17
Volume / OI 0.02
Reference IV 0.44
Max pain 550.00
Underlying 528.47
Nearest expiry 21 Aug 2026
Contracts 612

Research Brief

UTHR has a mixed chain read with 45/100 evidence alignment.

The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 483.52–573.42; The largest call open-interest concentration is 620.00; the largest put concentration is 530.00. The most active strike by current volume is 400.00.

Priced range483.52–573.42
Call concentration620.00
Put concentration530.00
Max pain reference550.00
What would confirm it
  • A clear directional pressure reading develops and price begins to agree.
  • The current chain read already agrees with the stored weekly trend context.
What would weaken it
  • Volatility falls and the chain remains directionally mixed.

Priced Move

Where the chain says movement becomes exceptional

Size, not direction · through 21 Aug

Options imply 483.52 to 573.42. Max pain at 550.00 sits inside that range, 4.1% above spot.

Spot Max pain
483.52528.47 ± 44.95573.42
Confirmation level

A close beyond 573.42 or below 483.52 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 45/100

Evidence alignment, not probability

Pressure is 9/100 toward puts; conviction uses its strength, while the signal label carries its direction.

Directional pressure9 × 42%
+3.8

How strongly activity leans toward calls or puts.

Participation41 × 22%
+8.9

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

Trend agreement100 × 26%
+26.0

How closely the chain read agrees with the underlying trend backdrop.

Volatility65 × 10%
+6.5

The intensity of implied volatility and the priced move.

Reconstructed score45.1Matches stored calculation

Positioning by Strike

Where open interest and current activity concentrate

Full strike map

The largest call open-interest concentration is 620.00; the largest put concentration is 530.00. The most active strike by current volume is 400.00. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.

Put open interestStrikeCall open interest
206
360.00-31.9%
200
32
400.00-24.3%
0
91
450.00-14.8%
0
869
470.00-11.1%
0
433
500.00-5.4%
2
903
510.00-3.5%
1
516
520.00-1.6%
0
1106
530.000.3%
5
261
540.002.2%
23
259
550.004.1%
505
2
570.007.9%
205
284
580.009.8%
312
1
590.0011.6%
697
0
600.0013.5%
188
0
620.0017.3%
1080
0
660.0024.9%
628
0
700.0032.5%
244
Nearest spot strike Max pain strikeBars show relative OI within this expiry

Volatility Curve

Balanced volatility curve

1.11× front/back

Near- and longer-dated implied volatility are broadly aligned; no exceptional front-expiry premium is visible.

0.44 21 Aug 22d
0.40 18 Sep 50d
0.39 20 Nov 113d
0.39 15 Jan 169d
0.38 19 Feb 204d
0.40 21 Jan 540d

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.

430
440
450
460
470
480
490
500
510
520
530
540
550
560
570
580
590
600
610
620
630
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
612 / 612
  • 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

79/100
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: $534670 of estimated gross traded notional, calls · 46-90 days · atm, 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-9
1W price-1.3%
Call premium76%
Put premium24%
Notional split C 76% / P 24% 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 100/100 Agreement between options pressure and Sharemaestro market context.
Event window 5 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 Calls · 46-90 days · ATM
Calls · 46-90 days · ATM calls cluster with 123 contracts traded, $388615 estimated gross traded notional, and 73% of visible notional.
$388615
Puts · 46-90 days · ATM puts cluster with 30 contracts traded, $88840 estimated gross traded notional, and 17% of visible notional.
$88840
Puts · 8-21 days · OTM puts cluster with 123 contracts traded, $33935 estimated gross traded notional, and 6% of visible notional.
$33935
Calls · 46-90 days · OTM calls cluster with 6 contracts traded, $9750 estimated gross traded notional, and 2% of visible notional.
$9750
Calls · 91+ days · OTM calls cluster with 9 contracts traded, $9600 estimated gross traded notional, and 2% of visible notional.
$9600

Setup Classification

Opportunity and risk frame

Context, not advice
Positive Options-confirmed trend

Positioning agrees with the Sharemaestro trend backdrop.

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
Close528.47
1W-1.3%
RS0.9
Fair value+49.3%
Options pressure-9
Speculation41
Volatility65
Trend fit100

Today Versus Normal

Stored-options context

View history
Expected move 8.5% history building
30d avg - · 2/10 sessions -
90d avg - · 2/30 sessions -
180d avg - · 2/60 sessions -
IV 0.44 history building
30d avg - · 2/10 sessions -
90d avg - · 2/30 sessions -
180d avg - · 2/60 sessions -
Put-call 1.17 history building
30d avg - · 2/10 sessions -
90d avg - · 2/30 sessions -
180d avg - · 2/60 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 10:16 Mixed
Pressure -16
Move 8.3%
30 Jul 10:12 Bearish
Pressure -100
Move 8.7%
31 Jul 10:05 Mixed
Pressure -9
Move 8.5%

Strike Map

Where activity is clustering

Full strike map
Strike270.00
Calls · V 0 · OI 2
Puts · V 0 · OI 2
Strike280.00
Calls · V 0 · OI 4
Puts · V 0 · OI 4
Strike290.00
Calls · V 0 · OI 4
Puts · V 0 · OI 4
Strike300.00
Calls · V 0 · OI 2
Puts · V 0 · OI 3
Strike310.00
Calls · V 0 · OI 1
Puts · V 0 · OI 0
Strike320.00
Calls · V 0 · OI 0
Puts · V 0 · OI 1
Strike330.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike340.00
Calls · V 0 · OI 0
Puts · V 0 · OI 1

Term Structure

Expiration activity

Volume and IV
Expiry21 Aug 2026
Contracts124
Avg IV0.44
Put-call61.50
Expiry18 Sep 2026
Contracts60
Avg IV0.40
Put-call0.23
Expiry20 Nov 2026
Contracts114
Avg IV0.39
Put-call-
Expiry15 Jan 2027
Contracts110
Avg IV0.39
Put-call2.20
Expiry19 Feb 2027
Contracts90
Avg IV0.38
Put-call-

Skew

Call/put IV balance

OTM demand
21 Aug 2026Put IV premium
Call IV0.41
Put IV0.46
Skew0.06
18 Sep 2026Balanced skew
Call IV0.39
Put IV0.41
Skew0.02
20 Nov 2026Balanced skew
Call IV0.38
Put IV0.40
Skew0.02
15 Jan 2027Balanced skew
Call IV0.38
Put IV0.40
Skew0.02
19 Feb 2027Balanced skew
Call IV0.36
Put IV0.39
Skew0.03

Contract Tape

Most active contracts

Full contract tape
ContractUTHR260918C00530000
SideCall
Expiry18 Sep 2026
Strike530.00
Volume106
OI-
IV0.41
ContractUTHR260821P00400000
SidePut
Expiry21 Aug 2026
Strike400.00
Volume54
OI32
IV0.61
ContractUTHR260821P00470000
SidePut
Expiry21 Aug 2026
Strike470.00
Volume53
OI869
IV0.47
ContractUTHR260918C00520000
SideCall
Expiry18 Sep 2026
Strike520.00
Volume17
OI-
IV0.41
ContractUTHR260821P00450000
SidePut
Expiry21 Aug 2026
Strike450.00
Volume16
OI91
IV0.47
ContractUTHR260918P00520000
SidePut
Expiry18 Sep 2026
Strike520.00
Volume16
OI-
IV0.41
ContractUTHR260918P00530000
SidePut
Expiry18 Sep 2026
Strike530.00
Volume14
OI-
IV0.41
ContractUTHR270115P00300000
SidePut
Expiry15 Jan 2027
Strike300.00
Volume11
OI2
IV0.54