Ticker Options Intelligence

CHE options intelligence

Chemed Corp options pressure, expected move, strike concentration, and Sharemaestro trend context.

Conviction 46 Market data through 31 Jul 2026 Checked 1 Aug 2026 11:21 · complete available chain

Put-side pressure

Bearish pressure

CHE currently carries bearish options pressure with a 46/100 conviction score. The nearest-chain expected move is 6.7%, 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 Bearish

Put-side pressure

Expected move 6.7%

Wider near-term move priced

Activity / OI 0.00

Current volume is quieter versus prior open interest

Put-call -

Balanced tape

Trend fit 4

Options are not fully confirming trend

Weekly backdrop +4.1%

RS 11.6

Expected move 6.7%
Put-call volume -
Volume / OI 0.00
Reference IV 0.28
Max pain 480.00
Underlying 511.13
Nearest expiry 21 Aug 2026
Contracts 326

Research Brief

CHE has a bearish chain read with 46/100 evidence alignment.

The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 476.83–545.43; The largest call open-interest concentration is 560.00; the largest put concentration is 480.00. The most active strike by current volume is 490.00.

Priced range476.83–545.43
Call concentration560.00
Put concentration480.00
Max pain reference480.00
What would confirm it
  • Price remains weak while put-side concentration persists.
What would weaken it
  • 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

Size, not direction · through 21 Aug

Options imply 476.83 to 545.43. Max pain at 480.00 sits inside that range, 6.1% below spot.

Spot Max pain
476.83511.13 ± 34.30545.43
Confirmation level

A close beyond 545.43 or below 476.83 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 46/100

Evidence alignment, not probability

Pressure is 89/100 toward puts; conviction uses its strength, while the signal label carries its direction.

Directional pressure89 × 42%
+37.3

How strongly activity leans toward calls or puts.

Participation16 × 22%
+3.5

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

Trend agreement4 × 26%
+1.0

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

Volatility46 × 10%
+4.6

The intensity of implied volatility and the priced move.

Reconstructed score46.5Matches stored calculation

Positioning by Strike

Where open interest and current activity concentrate

Full strike map

The largest call open-interest concentration is 560.00; the largest put concentration is 480.00. The most active strike by current volume is 490.00. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.

Put open interestStrikeCall open interest
1
300.00-41.3%
0
1
370.00-27.6%
0
2
390.00-23.7%
0
2
430.00-15.9%
1
1
440.00-13.9%
1
1
470.00-8.0%
3
4
480.00-6.1%
2
1
490.00-4.1%
1
0
500.00-2.2%
54
1
510.00-0.2%
1
0
520.001.7%
3
1
530.003.7%
35
0
540.005.6%
2
1
550.007.6%
50
0
560.009.6%
109
0
590.0015.4%
4
0
600.0017.4%
2
Nearest spot strike Max pain strikeBars show relative OI within this expiry

Volatility Curve

Balanced volatility curve

0.94× front/back

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

0.28 21 Aug 21d
0.25 18 Sep 49d
0.29 18 Dec 140d
0.30 19 Mar 231d

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.

410
420
430
440
450
460
470
480
490
500
510
520
530
540
550
560
570
580
590
600
610
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

A100/100
Retained chain100%
Implied volatility100%
Two-sided quotes100%
Open interest100%
Chain status
Complete available chain
Market date
31 Jul 2026
Calculation
v2.0
Contracts
326 / 326
  • 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

81/100
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 Bearish flow against rising price

Put-side pressure is building while price is rising, a cautionary divergence.

Why this matters

Earnings/event positioning matters because it connects the options headline to the actual evidence: $860 of estimated gross traded notional, puts · 8-21 days · otm, and a bearish flow against rising price backdrop. Use it as a research priority signal, then validate the chart, liquidity, event calendar, and risk before acting.

Options pressure-89
1W price+4.1%
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 0.00 Volume divided by open interest across the visible chain.
Trend fit 4/100 Agreement between options pressure and Sharemaestro market context.
Event window 4 Aug Matched earnings event is 3 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 Puts · 8-21 days · OTM
Puts · 8-21 days · OTM puts cluster with 2 contracts traded, $860 estimated gross traded notional, and 100% of visible notional.
$860

Setup Classification

Opportunity and risk frame

Context, not advice
Warning Event-risk setup

Expected move or upcoming earnings makes the setup more event-sensitive.

Negative Options disagreement

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

Sharemaestro weekly
Close532.25
1W+4.1%
RS11.6
Fair value+2.8%
Options pressure-89
Speculation16
Volatility46
Trend fit4

Today Versus Normal

Stored-options context

View history
Expected move 6.7% history building
30d avg - · 3/10 sessions -
90d avg - · 3/30 sessions -
180d avg - · 3/60 sessions -
IV 0.28 history building
30d avg - · 3/10 sessions -
90d avg - · 3/30 sessions -
180d avg - · 3/60 sessions -
Put-call - history building
30d avg - · 3/10 sessions -
90d avg - · 3/30 sessions -
180d avg - · 3/60 sessions -
Volume/OI 0.00 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 10:37 Bullish
Pressure 66
Move 9.1%
30 Jul 10:34 Bullish
Pressure 98
Move 7.9%
31 Jul 10:23 Bullish
Pressure 36
Move 6.8%
1 Aug 10:21 Bearish
Pressure -89
Move 6.7%

Strike Map

Where activity is clustering

Full strike map
Strike290.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike300.00
Calls · V 0 · OI 0
Puts · V 0 · OI 1
Strike310.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike320.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike330.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike340.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike350.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike360.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0

Term Structure

Expiration activity

Volume and IV
Expiry21 Aug 2026
Contracts66
Avg IV0.28
Put-call-
Expiry18 Sep 2026
Contracts92
Avg IV0.25
Put-call-
Expiry18 Dec 2026
Contracts82
Avg IV0.29
Put-call-
Expiry19 Mar 2027
Contracts86
Avg IV0.30
Put-call-

Skew

Call/put IV balance

OTM demand
21 Aug 2026Balanced skew
Call IV0.26
Put IV0.28
Skew0.02
18 Sep 2026Balanced skew
Call IV0.23
Put IV0.27
Skew0.04
18 Dec 2026Balanced skew
Call IV0.26
Put IV0.31
Skew0.05
19 Mar 2027Balanced skew
Call IV0.27
Put IV0.32
Skew0.05

Contract Tape

Most active contracts

Full contract tape
ContractCHE260821P00490000
SidePut
Expiry21 Aug 2026
Strike490.00
Volume2
OI1
IV0.38
ContractCHE261218C00340000
SideCall
Expiry18 Dec 2026
Strike340.00
Volume-
OI1154
IV0.39
ContractCHE261218C00350000
SideCall
Expiry18 Dec 2026
Strike350.00
Volume-
OI1154
IV0.39
ContractCHE260821C00560000
SideCall
Expiry21 Aug 2026
Strike560.00
Volume-
OI109
IV0.26
ContractCHE260918P00400000
SidePut
Expiry18 Sep 2026
Strike400.00
Volume-
OI54
IV0.58
ContractCHE260821C00500000
SideCall
Expiry21 Aug 2026
Strike500.00
Volume-
OI54
IV0.31
ContractCHE260918C00520000
SideCall
Expiry18 Sep 2026
Strike520.00
Volume-
OI53
IV0.25
ContractCHE260918P00470000
SidePut
Expiry18 Sep 2026
Strike470.00
Volume-
OI52
IV0.33