Ticker Options Intelligence

GPMT options intelligence

Granite Point Mortgage Trust Inc options pressure, expected move, strike concentration, and Sharemaestro trend context.

Conviction 25 Market data through 18 Sep 2026 Checked 20 Sep 2026 05:07 · complete available chain

Options-market disagreement

Mixed pressure

GPMT currently carries mixed options pressure with a 25/100 conviction score. The nearest-chain expected move is 40.1%, with volume/open-interest participation at 0.00.

Options Intelligence Opportunities Bullish confirmation Risks Unusual flow Vol expansion Repeated pressure Compare Chart Weekly report
Primary read Mixed

Options-market disagreement

Expected move 40.1%

Wider near-term move priced

Activity / OI 0.00

Current volume is quieter versus prior open interest

Put-call -

Balanced tape

Trend fit 40

Options are not fully confirming trend

Weekly backdrop -10.0%

RS -56.8

Expected move 40.1%
Put-call volume -
Volume / OI -
Reference IV 1.45
Max pain 2.50
Underlying 0.85
Nearest expiry 16 Oct 2026
Contracts 24

Research Brief

GPMT has a mixed chain read with 25/100 evidence alignment.

The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 0.507–1.19; The largest call open-interest concentration is 2.50; the largest put concentration is 2.50. The most active strike by current volume is 2.50.

Priced range0.507–1.19
Call concentration2.50
Put concentration2.50
Max pain reference2.50
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 16 Oct

Options imply 0.507 to 1.19. Max pain at 2.50 lies outside the priced range, so it is a weak near-term anchor.

Spot Max pain
0.510.85 ± 0.341.19
Confirmation level

A close beyond 1.19 or below 0.507 at the 16 Oct 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 25/100

Evidence alignment, not probability

Pressure is 12/100 toward calls; conviction uses its strength, while the signal label carries its direction.

Directional pressure12 × 42%
+4.9

How strongly activity leans toward calls or puts.

Participation0 × 22%
+0.0

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

Trend agreement40 × 26%
+10.5

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 score25.0Matches stored calculation

Positioning by Strike

Where open interest and current activity concentrate

Full strike map

The largest call open-interest concentration is 2.50; the largest put concentration is 2.50. The most active strike by current volume is 2.50. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.

Put open interestStrikeCall open interest
0
2.50195.2%
0
0
5.00490.4%
0
0
7.50785.6%
0
Nearest spot strike Max pain strikeBars show relative OI within this expiry

Gamma Profile by Strike

Positive gamma proxy

Reported Greeks · 60% coverage

Call-side gamma sensitivity outweighs the put-side proxy across the retained chain. The largest bars mark levels where delta-hedging sensitivity may be most concentrated.

Net profile+$826Delta change / 1% move
Positive peak2.50+$805
Negative peak-No negative strike
Nearest balance-Interpolated sign change
StrikeNegativePositiveNet / 1% move
2.50195.2%
+$805
5.00490.4%
+$21
Positive call-side proxy Negative put-side proxyHighlighted row is nearest spot strike

Scenario proxy = gamma × open interest × 100 shares × spot² × 1%. Calls are positive and puts negative by convention. Missing Greeks use a Black-Scholes estimate from stored IV with zero rate and dividend assumptions. Open interest does not reveal who is long or short, so this is not observed dealer positioning or a forecast.

Volatility Curve

Front-loaded volatility

1.20× front/back

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

1.45 16 Oct 28d
0.97 20 Nov 63d
1.26 18 Dec 91d
1.20 19 Mar 182d

Volatility by Strike

Smile incomplete

Nearest expiry, within 20% of spot

There is not enough comparable OTM call and put volatility to classify the smile.

Comparable strike volatility is unavailable.

Put IV Call IV

Historical Replay

How matured reads behaved through expiry

22 matured · 1 directional

Across 1 stored directional transitions, the next stored price moved in the labelled direction 0% of the time.

Directional follow-through0%
Moves contained by pricing100%
Average expiry move16.6%
16 Sep Volatility · 62 -10.0% through expiry 169.4% priced · v2.0
15 Sep Volatility · 62 -10.0% through expiry 148.2% priced · v2.0
11 Sep Volatility · 62 -10.0% through expiry 164.1% priced · v2.0
10 Sep Volatility · 62 -18.6% through expiry 148.6% priced · v2.0
8 Sep Mixed · 26 -18.6% through expiry 138.9% priced · v2.0
4 Sep Mixed · 26 -21.6% through expiry 133.8% priced · v2.0
3 Sep Mixed · 26 -21.6% through expiry 138.4% priced · v2.0
1 Sep Volatility · 55 -21.6% through expiry 136.1% priced · v2.0
28 Aug Volatility · 62 -21.6% through expiry 136.1% priced · v2.0
21 Aug Mixed · 26 -25.1% through expiry 125.2% priced · v2.0
19 Aug Bullish · 37 -5.0% through expiry 128.2% priced · v2.0
14 Aug Volatility · 52 -5.0% through expiry 113.4% priced · v2.0

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

High

A97/100
Retained chain100%
Implied volatility100%
Two-sided quotes100%
Open interest100%
Chain status
Complete available chain
Market date
18 Sep 2026
Calculation
v2.0
Contracts
24 / 24
  • 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

Likely noise

25/100
Primary intent Likely noise

Visible options activity is too thin or mixed to support a strong intent classification.

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

Likely noise matters because it connects the options headline to the actual evidence: $0 of estimated gross traded notional, no dominant cluster, 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+12
1W price-10.0%
Call premium0%
Put premium0%
Notional split C 0% / P 0% Estimated gross traded notional uses volume × contract multiplier × midpoint, or last price when no valid midpoint is available.
Freshness 0.00 Volume divided by open interest across the visible chain.
Trend fit 40/100 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.
Conviction clusters No dominant cluster

No high-conviction option cluster is visible in this snapshot.

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

Quiet tape

22

Activity is muted versus this ticker's stored history.

Baseline: 24 completed sessions

Volume rank33th
Volume/OI rank33th
IV rank0th

Market Context

Underlying confirmation

Sharemaestro weekly
Close0.8469
1W-10.0%
RS-56.8
Fair value-67.2%
Options pressure12
Speculation0
Volatility96
Trend fit40

Today Versus Normal

Stored-options context

View history
Expected move 40.1% muted
30d avg 142.5% · 11 sessions 0th
90d avg - · 24/30 sessions -
180d avg - · 24/60 sessions -
IV 1.45 muted
30d avg 4.21 · 11 sessions 0th
90d avg - · 24/30 sessions -
180d avg - · 24/60 sessions -
Put-call - history building
30d avg - · 4/10 sessions -
90d avg - · 13/30 sessions -
180d avg - · 13/60 sessions -
Volume/OI 0.00 near normal
30d avg 0.00 · 11 sessions 36th
90d avg - · 24/30 sessions -
180d avg - · 24/60 sessions -

Pressure Trail

Recent pressure and volatility

Open trail
29 Jul 11:47 Mixed
Pressure 11
Move 69.4%
30 Jul 11:24 Mixed
Pressure 11
Move 73.5%
30 Jul 15:02 Volatility
Pressure 100
Move 47.2%
30 Jul 15:32 Volatility
Pressure 100
Move 59.8%
31 Jul 18:32 Volatility
Pressure 91
Move 62.8%
1 Aug 11:30 Volatility
Pressure 100
Move 73.4%
2 Aug 10:21 Volatility
Pressure 100
Move 73.4%
3 Aug 17:17 Volatility
Pressure 89
Move 47.5%

Strike Map

Where activity is clustering

Full strike map
Strike2.50
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike5.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike7.50
Calls · V 0 · OI 0
Puts · V 0 · OI 0

Term Structure

Expiration activity

Volume and IV
Expiry16 Oct 2026
Contracts6
Avg IV1.45
Put-call-
Expiry20 Nov 2026
Contracts6
Avg IV0.97
Put-call-
Expiry18 Dec 2026
Contracts6
Avg IV1.26
Put-call-
Expiry19 Mar 2027
Contracts6
Avg IV1.20
Put-call-

Skew

Call/put IV balance

OTM demand
16 Oct 2026Incomplete skew
Call IV2.09
Put IV-
Skew-
20 Nov 2026Incomplete skew
Call IV1.39
Put IV-
Skew-
18 Dec 2026Incomplete skew
Call IV1.16
Put IV-
Skew-
19 Mar 2027Incomplete skew
Call IV0.81
Put IV-
Skew-

Contract Tape

Most active contracts

Full contract tape
ContractGPMT261218C00002500
SideCall
Expiry18 Dec 2026
Strike2.50
Volume-
OI3084
IV1.16
ContractGPMT270319C00002500
SideCall
Expiry19 Mar 2027
Strike2.50
Volume-
OI1601
IV0.81
ContractGPMT261218C00005000
SideCall
Expiry18 Dec 2026
Strike5.00
Volume-
OI215
IV1.67
ContractGPMT261218P00002500
SidePut
Expiry18 Dec 2026
Strike2.50
Volume-
OI111
IV0.01
ContractGPMT270319P00002500
SidePut
Expiry19 Mar 2027
Strike2.50
Volume-
OI26
IV0.01
ContractGPMT261016P00007500
SidePut
Expiry16 Oct 2026
Strike7.50
Volume-
OI-
IV0.01
ContractGPMT261120C00002500
SideCall
Expiry20 Nov 2026
Strike2.50
Volume-
OI-
IV1.39
ContractGPMT261120P00002500
SidePut
Expiry20 Nov 2026
Strike2.50
Volume-
OI-
IV0.01

Evidence context