Primary read
Bearish
Put-side pressure
Ticker Options Intelligence
GOVZ options intelligence
GOVZ options pressure, expected move, strike concentration, and Sharemaestro trend context.
Conviction
47
Market data through 3 Aug 2026
Checked 4 Aug 2026 14:13 · complete available chain
Put-side pressure
Bearish pressure
GOVZ currently carries bearish options pressure with a 47/100 conviction score. The nearest-chain expected move is unavailable, with volume/open-interest participation at 0.04.
Expected move
-
Near-term move context
Activity / OI
0.04
Current volume is quieter versus prior open interest
Put-call
-
Balanced tape
Trend fit
8
Options are not fully confirming trend
Weekly backdrop
-
Sharemaestro weekly context
Expected move
-
Put-call volume
-
Volume / OI
0.04
Reference IV
0.18
Max pain
30.00
Underlying
-
Nearest expiry
21 Aug 2026
Contracts
88
Research Brief
GOVZ has a bearish chain read with 47/100 evidence alignment.
The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of not available; The largest call open-interest concentration is 35.00; the largest put concentration is 30.00. The most active strike by current volume is 30.00.
Priced rangenot available
Call concentration35.00
Put concentration30.00
Max pain reference30.00
- Price remains weak while put-side concentration persists.
- Price recovers while put pressure fades or reverses toward calls.
- Options and the weekly trend are not yet giving the same message.
Priced Move
Where the chain says movement becomes exceptional
A matched underlying price and expected move are required to build the implied range.
Score Construction
Why conviction is 47/100
Pressure is 100/100 toward puts; conviction uses its strength, while the signal label carries its direction.
Directional pressure100 × 42%
+42.0
How strongly activity leans toward calls or puts.
Participation9 × 22%
+2.0
Volume relative to existing open interest and contract-level activity.
Trend agreement8 × 26%
+2.1
How closely the chain read agrees with the underlying trend backdrop.
Volatility13 × 10%
+1.3
The intensity of implied volatility and the priced move.
Positioning by Strike
Where open interest and current activity concentrate
The largest call open-interest concentration is 35.00; the largest put concentration is 30.00. The most active strike by current volume is 30.00. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.
Put open interestStrikeCall open interest
30
30.00
0
0
31.00
0
0
32.00
0
0
33.00
0
0
34.00
0
0
35.00
21
0
36.00
0
0
37.00
0
0
38.00
0
0
39.00
0
0
40.00
0
Nearest spot strike Max pain strikeBars show relative OI within this expiry
Gamma Profile by Strike
Gamma profile unavailable
A matched underlying price is required to estimate gamma exposure by strike.
Gamma exposure will appear when the retained chain has usable open interest plus reported gamma or implied volatility.
Volatility Curve
Insufficient term structure
At least two expirations with usable near-the-money implied volatility are required.
-
21 Aug
18d
-
18 Sep
46d
-
20 Nov
109d
-
19 Feb
200d
Volatility by Strike
A matched underlying price is required for strike-relative volatility analysis.
Comparable strike volatility is unavailable.
Put IV Call IV
Historical Replay
How matured reads behaved through expiry
No independently verifiable option-expiry outcomes have matured yet. Legacy snapshots without a point-in-time market reference and repeated same-session snapshots are deliberately excluded.
Directional follow-through-
Moves contained by pricing-
Average expiry move-
Validation readiness
- Auditable calculationoriginal version retained
- Independent entryone read per market session
- Point-in-time referencerequired at entry
- Matched expiry closereported only after maturity
Eligible snapshots must have a dated market session, stored signal, and point-in-time market reference. Each observation uses one read per market session and the first stored weekly close on or immediately after expiry; its original calculation version is retained. It is an evidence audit, not an executable strategy or evidence of future performance.
Evidence Quality
Limited
Retained chain100%
Implied volatility100%
Two-sided quotes100%
Open interest100%
- Chain status
- Complete available chain
- Market date
- 3 Aug 2026
- Calculation
- v2.0
- Contracts
- 88 / 88
- No matched underlying price; price-relative measures are unavailable.
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
Put-heavy activity
Put-side activity dominates. This can reflect hedging or directional positioning, but the chain alone cannot distinguish buying from selling.
Put-side pressure is present before a decisive weekly price breakdown.
Put-heavy activity matters because it connects the options headline to the actual evidence: $648 of estimated gross traded notional, puts · 91+ days · unpriced, and a bearish 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-100
1W price-
Call premium0%
Put premium100%
Notional split
C 0% / P 100%
Estimated gross traded notional uses volume × contract multiplier × midpoint, or last price when no valid midpoint is available.
Freshness
0.04
Volume divided by open interest across the visible chain.
Trend fit
8/100
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.
Puts · 91+ days · Unpriced
puts cluster with 3 contracts traded, $648 estimated gross traded notional, and 100% of visible notional.
$648
Setup Classification
Opportunity and risk frame
Options positioning is not confirming the underlying trend context.
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
Close-
1W-
RS-
Fair value-
Options pressure-100
Speculation9
Volatility13
Trend fit8
Today Versus Normal
Stored-options context
30d avg - · 0/10 sessions
-
90d avg - · 0/30 sessions
-
180d avg - · 0/60 sessions
-
30d avg - · 3/10 sessions
-
90d avg - · 3/30 sessions
-
180d avg - · 3/60 sessions
-
30d avg - · 3/10 sessions
-
90d avg - · 3/30 sessions
-
180d avg - · 3/60 sessions
-
30d avg - · 3/10 sessions
-
90d avg - · 3/30 sessions
-
180d avg - · 3/60 sessions
-
Pressure Trail
Recent pressure and volatility
30 Jul 13:22
Bearish
Pressure -62
Move -
31 Jul 13:22
Bullish
Pressure 97
Move -
3 Aug 12:07
Bullish
Pressure 96
Move -
4 Aug 13:13
Bearish
Pressure -100
Move -
Strike Map
Where activity is clustering
Strike30.00
Calls · V 0 · OI 0
Puts · V 0 · OI 30
Strike31.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike32.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike33.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike34.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike35.00
Calls · V 0 · OI 21
Puts · V 0 · OI 0
Strike36.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike37.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Term Structure
Expiration activity
Expiry21 Aug 2026
Contracts22
Avg IV-
Put-call-
Expiry18 Sep 2026
Contracts22
Avg IV-
Put-call-
Expiry20 Nov 2026
Contracts22
Avg IV-
Put-call-
Expiry19 Feb 2027
Contracts22
Avg IV-
Put-call-
Skew
Call/put IV balance
Skew context is warming up for this ticker.
Contract Tape
Most active contracts
ContractGOVZ261120P00035000
SidePut
Expiry20 Nov 2026
Strike35.00
Volume2
OI2
IV0.22
ContractGOVZ270219P00033000
SidePut
Expiry19 Feb 2027
Strike33.00
Volume1
OI-
IV0.26
ContractGOVZ260821P00030000
SidePut
Expiry21 Aug 2026
Strike30.00
Volume-
OI30
IV0.24
ContractGOVZ260821C00035000
SideCall
Expiry21 Aug 2026
Strike35.00
Volume-
OI21
IV0.10
ContractGOVZ261120C00035000
SideCall
Expiry20 Nov 2026
Strike35.00
Volume-
OI5
IV0.03
ContractGOVZ261120C00037000
SideCall
Expiry20 Nov 2026
Strike37.00
Volume-
OI4
IV0.07
ContractGOVZ270219P00039000
SidePut
Expiry19 Feb 2027
Strike39.00
Volume-
OI4
IV0.28
ContractGOVZ261120C00034000
SideCall
Expiry20 Nov 2026
Strike34.00
Volume-
OI1
IV0.01
Research Graph
Related research and context
Sharemaestro research
Related News
No recent ticker-specific news yet.
Market Watch
No recent market-watch posts yet.
Earnings
No upcoming matched earnings event.
Plain English Guide
Options context
What usually looks constructive
What usually looks cautious
Options can move quickly and can lose value fast. Treat this as research context, not a buy or sell instruction.