Ticker Options Intelligence

CAH options intelligence

Cardinal Health Inc options pressure, expected move, strike concentration, and Sharemaestro trend context.

Conviction 42 Market data through 29 Jul 2026 Checked 30 Jul 2026 00:19 · complete available chain

Call-side pressure

Bullish pressure

CAH currently carries bullish options pressure with a 42/100 conviction score. The nearest-chain expected move is 2.6%, with volume/open-interest participation at 0.08.

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

Call-side pressure

Expected move 2.6%

Near-term move context

Activity / OI 0.08

Current volume is quieter versus prior open interest

Put-call 0.68

Call-side skew

Trend fit 71

Options agree with trend context

Weekly backdrop -0.2%

RS 7.7

Expected move 2.6%
Put-call volume 0.68
Volume / OI 0.08
Reference IV 0.52
Max pain 222.50
Underlying 228.03
Nearest expiry 31 Jul 2026
Contracts 467

Options Intent Radar

Call-heavy activity with trend alignment

81/100
Primary intent Call-heavy activity with trend alignment

Call concentration and the underlying trend align, but aggregate volume cannot establish whether calls were bought or sold.

Flow vs price divergence Bullish flow before price confirmation

Call-side pressure is building before a meaningful weekly price response.

Why this matters

Call-heavy activity with trend alignment matters because it connects the options headline to the actual evidence: $5.0M of estimated gross traded notional, calls · 91+ days · itm, and a bullish 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+23
1W price-0.2%
Call premium84%
Put premium16%
Notional split C 84% / P 16% Estimated gross traded notional uses volume × contract multiplier × midpoint, or last price when no valid midpoint is available.
Freshness 0.08 Volume divided by open interest across the visible chain.
Trend fit 71/100 Agreement between options pressure and Sharemaestro market context.
Event window 11 Aug Matched earnings event is 12 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 349 contracts traded, $2.7M estimated gross traded notional, and 53% of visible notional.
$2.7M
Calls · 46-90 days · ITM calls cluster with 119 contracts traded, $801290 estimated gross traded notional, and 16% of visible notional.
$801290
Calls · 91+ days · OTM calls cluster with 257 contracts traded, $299972 estimated gross traded notional, and 6% of visible notional.
$299972
Puts · 91+ days · ITM puts cluster with 65 contracts traded, $259155 estimated gross traded notional, and 5% of visible notional.
$259155
Puts · 91+ days · OTM puts cluster with 432 contracts traded, $255616 estimated gross traded notional, and 5% of visible notional.
$255616

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.

Warning Crowded strike risk

Underlying price is close to the max-pain zone.

Warning Bullish pressure over fair value

Call pressure is building while the stock sits above Sharemaestro fair value.

Activity Anomaly

High anomaly

100

Current options activity is unusually hot versus this ticker's stored history.

Volume rank100th
Volume/OI rank100th
IV rank100th

Market Context

Underlying confirmation

Sharemaestro weekly
Close228.03
1W-0.2%
RS7.7
Fair value+62.5%
Options pressure23
Speculation42
Volatility47
Trend fit71

Today Versus Normal

Stored-options context

View history
Expected move 2.6% muted
30d avg 3.1% · 1 read 0th
90d avg 3.1% · 1 read 0th
180d avg 3.1% · 1 read 0th
IV 0.52 elevated
30d avg 0.35 · 1 read 100th
90d avg 0.35 · 1 read 100th
180d avg 0.35 · 1 read 100th
Put-call 0.68 muted
30d avg 0.75 · 1 read 0th
90d avg 0.75 · 1 read 0th
180d avg 0.75 · 1 read 0th
Volume/OI 0.08 elevated
30d avg 0.02 · 1 read 100th
90d avg 0.02 · 1 read 100th
180d avg 0.02 · 1 read 100th

Pressure Trail

Recent pressure and volatility

Open trail
29 Jul 10:10 Mixed
Pressure 18
Move 3.1%
29 Jul 23:19 Bullish
Pressure 23
Move 2.6%

Strike Map

Where activity is clustering

Full strike map
Strike185.00
Calls · V 1 · OI 1
Puts · V 0 · OI 0
Strike200.00
Calls · V 0 · OI 0
Puts · V 1 · OI 4
Strike205.00
Calls · V 0 · OI 0
Puts · V 1 · OI 2
Strike210.00
Calls · V 1 · OI 18
Puts · V 1 · OI 4
Strike212.50
Calls · V 0 · OI 0
Puts · V 1 · OI 4
Strike215.00
Calls · V 2 · OI 0
Puts · V 2 · OI 26
Strike217.50
Calls · V 1 · OI 2
Puts · V 6 · OI 48
Strike220.00
Calls · V 48 · OI 250
Puts · V 2 · OI 38

Term Structure

Expiration activity

Volume and IV
Expiry31 Jul 2026
Contracts33
Avg IV0.52
Put-call0.68
Expiry7 Aug 2026
Contracts27
Avg IV0.35
Put-call0.73
Expiry14 Aug 2026
Contracts16
Avg IV0.49
Put-call0.44
Expiry21 Aug 2026
Contracts33
Avg IV0.42
Put-call0.04
Expiry28 Aug 2026
Contracts7
Avg IV0.43
Put-call-

Skew

Call/put IV balance

OTM demand
31 Jul 2026Balanced skew
Call IV0.57
Put IV0.60
Skew0.03
7 Aug 2026Put IV premium
Call IV0.33
Put IV0.51
Skew0.18
14 Aug 2026Balanced skew
Call IV0.48
Put IV0.49
Skew0.01
21 Aug 2026Balanced skew
Call IV0.41
Put IV0.43
Skew0.01
28 Aug 2026Incomplete skew
Call IV0.42
Put IV-
Skew-

Contract Tape

Most active contracts

Full contract tape
ContractCAH261218P00300000
SidePut
Expiry18 Dec 2026
Strike300.00
Volume-
OI-
IV0.30
ContractCAH261218P00290000
SidePut
Expiry18 Dec 2026
Strike290.00
Volume-
OI-
IV0.27
ContractCAH260807P00120000
SidePut
Expiry7 Aug 2026
Strike120.00
Volume-
OI9
IV2.27
ContractCAH260821P00225000
SidePut
Expiry21 Aug 2026
Strike225.00
Volume-
OI8
IV0.40
ContractCAH260821C00175000
SideCall
Expiry21 Aug 2026
Strike175.00
Volume-
OI6
IV0.67
ContractCAH280121P00115000
SidePut
Expiry21 Jan 2028
Strike115.00
Volume-
OI5
IV0.46
ContractCAH260807P00185000
SidePut
Expiry7 Aug 2026
Strike185.00
Volume-
OI5
IV0.91
ContractCAH260807C00260000
SideCall
Expiry7 Aug 2026
Strike260.00
Volume-
OI4
IV0.59