Ticker Options Intelligence

DNTH options intelligence

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

Conviction 54 Market data through 31 Jul 2026 Checked 1 Aug 2026 00:47 · complete available chain

Volatility expansion watch

Volatility pressure

DNTH currently carries volatility options pressure with a 54/100 conviction score. The nearest-chain expected move is 11.9%, 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 Volatility

Volatility expansion watch

Expected move 11.9%

Wider near-term move priced

Activity / OI 0.03

Current volume is quieter versus prior open interest

Put-call 0.62

Call-side skew

Trend fit 89

Options agree with trend context

Weekly backdrop +2.9%

RS 67.5

Expected move 11.9%
Put-call volume 0.62
Volume / OI 0.03
Reference IV 0.61
Max pain 75.00
Underlying 103.87
Nearest expiry 21 Aug 2026
Contracts 159

Research Brief

DNTH has a volatility chain read with 54/100 evidence alignment.

The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 91.52–116.22; The largest call open-interest concentration is 75.00; the largest put concentration is 75.00. The most active strike by current volume is 105.00.

Priced range91.52–116.22
Call concentration75.00
Put concentration75.00
Max pain reference75.00
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 91.52 to 116.22. Max pain at 75.00 lies outside the priced range, so it is a weak near-term anchor.

Spot Max pain
91.52103.87 ± 12.35116.22
Confirmation level

A close beyond 116.22 or below 91.52 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 54/100

Evidence alignment, not probability

Pressure is 32/100 toward calls; conviction uses its strength, while the signal label carries its direction.

Directional pressure32 × 42%
+13.3

How strongly activity leans toward calls or puts.

Participation41 × 22%
+8.9

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

Trend agreement89 × 26%
+23.2

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

Volatility83 × 10%
+8.3

The intensity of implied volatility and the priced move.

Reconstructed score53.7Matches stored calculation

Positioning by Strike

Where open interest and current activity concentrate

Full strike map

The largest call open-interest concentration is 75.00; the largest put concentration is 75.00. The most active strike by current volume is 105.00. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.

Put open interestStrikeCall open interest
2
30.00-71.1%
1
4
50.00-51.9%
0
25
55.00-47.0%
0
12
60.00-42.2%
23
573
65.00-37.4%
0
7
70.00-32.6%
8
1259
75.00-27.8%
1056
98
80.00-23.0%
6
67
85.00-18.2%
207
5
90.00-13.4%
41
298
95.00-8.5%
16
32
100.00-3.7%
224
25
105.001.1%
20
0
115.0010.7%
4
0
120.0015.5%
18
0
130.0025.2%
28
0
145.0039.6%
24
Nearest spot strike Max pain strikeBars show relative OI within this expiry

Volatility Curve

Back-loaded volatility

0.84× front/back

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

0.61 21 Aug 21d
0.67 18 Sep 49d
0.68 16 Oct 77d
0.58 20 Nov 112d
0.87 15 Jan 168d
0.73 19 Feb 203d
0.76 19 Mar 231d
0.72 16 Apr 259d

Volatility by Strike

Balanced wings

Nearest expiry, within 20% of spot

Comparable upside calls and downside puts carry broadly similar implied volatility.

85
90
95
100
105
110
115
120
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

A99/100
Retained chain100%
Implied volatility100%
Two-sided quotes99%
Open interest100%
Chain status
Complete available chain
Market date
31 Jul 2026
Calculation
v2.0
Contracts
159 / 159
  • 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

84/100
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 Volatility flow versus price

Options are pricing movement more than direction; compare expected move with the stock's actual weekly change.

Why this matters

Earnings/event positioning matters because it connects the options headline to the actual evidence: $767050 of estimated gross traded notional, calls · 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+32
1W price+2.9%
Call premium89%
Put premium11%
Notional split C 89% / P 11% 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 89/100 Agreement between options pressure and Sharemaestro market context.
Event window 6 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 · 91+ days · ITM
Calls · 91+ days · ITM calls cluster with 105 contracts traded, $481526 estimated gross traded notional, and 63% of visible notional.
$481526
Calls · 8-21 days · ITM calls cluster with 34 contracts traded, $82165 estimated gross traded notional, and 11% of visible notional.
$82165
Calls · 91+ days · ATM calls cluster with 25 contracts traded, $81575 estimated gross traded notional, and 11% of visible notional.
$81575
Puts · 91+ days · OTM puts cluster with 88 contracts traded, $55490 estimated gross traded notional, and 7% of visible notional.
$55490
Calls · 91+ days · OTM calls cluster with 20 contracts traded, $28565 estimated gross traded notional, and 4% of visible notional.
$28565

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

-

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
Close106.92
1W+2.9%
RS67.5
Fair value+209.0%
Options pressure32
Speculation41
Volatility83
Trend fit89

Today Versus Normal

Stored-options context

View history
Expected move 11.9% history building
30d avg - · 3/10 sessions -
90d avg - · 3/30 sessions -
180d avg - · 3/60 sessions -
IV 0.61 history building
30d avg - · 3/10 sessions -
90d avg - · 3/30 sessions -
180d avg - · 3/60 sessions -
Put-call 0.62 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 10:39 Volatility
Pressure 84
Move 13.1%
30 Jul 10:35 Mixed
Pressure 18
Move 12.6%
30 Jul 22:52 Volatility
Pressure 37
Move 14.1%
31 Jul 03:51 Volatility
Pressure 81
Move 14.1%
31 Jul 16:59 Volatility
Pressure 32
Move 12.1%
31 Jul 19:07 Volatility
Pressure 32
Move 11.2%
31 Jul 23:47 Volatility
Pressure 32
Move 11.9%

Strike Map

Where activity is clustering

Full strike map
Strike22.50
Calls · V 0 · OI 0
Puts · V 1 · OI 0
Strike25.00
Calls · V 0 · OI 0
Puts · V 0 · OI 1
Strike30.00
Calls · V 1 · OI 1
Puts · V 1 · OI 2
Strike45.00
Calls · V 2 · OI 1
Puts · V 0 · OI 1
Strike50.00
Calls · V 2 · OI 0
Puts · V 1 · OI 4
Strike55.00
Calls · V 4 · OI 0
Puts · V 1 · OI 25
Strike60.00
Calls · V 1 · OI 23
Puts · V 1 · OI 12
Strike65.00
Calls · V 10 · OI 0
Puts · V 1 · OI 573

Term Structure

Expiration activity

Volume and IV
Expiry21 Aug 2026
Contracts41
Avg IV0.61
Put-call0.77
Expiry18 Sep 2026
Contracts8
Avg IV0.67
Put-call-
Expiry16 Oct 2026
Contracts14
Avg IV0.68
Put-call0.33
Expiry20 Nov 2026
Contracts22
Avg IV0.58
Put-call0.21
Expiry15 Jan 2027
Contracts43
Avg IV0.87
Put-call0.55

Skew

Call/put IV balance

OTM demand
21 Aug 2026Call IV premium
Call IV0.65
Put IV0.52
Skew-0.13
18 Sep 2026Balanced skew
Call IV0.60
Put IV0.58
Skew-0.02
16 Oct 2026Balanced skew
Call IV0.66
Put IV0.66
Skew0.00
20 Nov 2026Put IV premium
Call IV0.02
Put IV0.73
Skew0.71
15 Jan 2027Balanced skew
Call IV0.77
Put IV0.74
Skew-0.03

Contract Tape

Most active contracts

Full contract tape
ContractDNTH260821C00145000
SideCall
Expiry21 Aug 2026
Strike145.00
Volume-
OI24
IV1.14
ContractDNTH270319C00110000
SideCall
Expiry19 Mar 2027
Strike110.00
Volume-
OI6
IV0.75
ContractDNTH260918C00130000
SideCall
Expiry18 Sep 2026
Strike130.00
Volume-
OI5
IV0.59
ContractDNTH260821C00155000
SideCall
Expiry21 Aug 2026
Strike155.00
Volume-
OI2
IV1.64
ContractDNTH270115P00045000
SidePut
Expiry15 Jan 2027
Strike45.00
Volume-
OI2
IV1.03
ContractDNTH261120C00050000
SideCall
Expiry20 Nov 2026
Strike50.00
Volume-
OI2
IV0.96
ContractDNTH270115C00090000
SideCall
Expiry15 Jan 2027
Strike90.00
Volume-
OI2
IV0.55
ContractDNTH260821P00045000
SidePut
Expiry21 Aug 2026
Strike45.00
Volume-
OI1
IV2.86