Primary read
Bullish
Call-side pressure
Ticker Options Intelligence
GEHC options intelligence
GE HealthCare Technologies Inc. options pressure, expected move, strike concentration, and Sharemaestro trend context.
Conviction
40
Market data through 4 Aug 2026
Checked 5 Aug 2026 11:14 · complete available chain
Call-side pressure
Bullish pressure
GEHC currently carries bullish options pressure with a 40/100 conviction score. The nearest-chain expected move is 4.3%, with volume/open-interest participation at 0.04.
Expected move
4.3%
Near-term move context
Activity / OI
0.04
Current volume is quieter versus prior open interest
Put-call
0.40
Call-side skew
Trend fit
23
Options are not fully confirming trend
Weekly backdrop
+12.3%
RS -15.6
Expected move
4.3%
Put-call volume
0.40
Volume / OI
0.04
Reference IV
0.53
Max pain
66.00
Underlying
68.02
Nearest expiry
7 Aug 2026
Contracts
902
Research Brief
GEHC has a bullish chain read with 40/100 evidence alignment.
The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 65.07–70.97; The largest call open-interest concentration is 72.00; the largest put concentration is 58.00. The most active strike by current volume is 68.00.
Priced range65.07–70.97
Call concentration72.00
Put concentration58.00
Max pain reference66.00
- Price holds or improves while call-side concentration remains elevated.
- Price weakens while call pressure fades or reverses toward puts.
- 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
Options imply 65.07 to 70.97. Max pain at 66.00 sits inside that range, 3.0% below spot.
Spot
Max pain
65.0768.02 ± 2.9570.97
Confirmation level
A close beyond 70.97 or below 65.07 at the 7 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 40/100
Pressure is 48/100 toward calls; conviction uses its strength, while the signal label carries its direction.
Directional pressure48 × 42%
+20.0
How strongly activity leans toward calls or puts.
Participation41 × 22%
+9.0
Volume relative to existing open interest and contract-level activity.
Trend agreement23 × 26%
+5.9
How closely the chain read agrees with the underlying trend backdrop.
Volatility54 × 10%
+5.4
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 72.00; the largest put concentration is 58.00. The most active strike by current volume is 68.00. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.
Put open interestStrikeCall open interest
62
57.00-16.2%
2
392
58.00-14.7%
6
324
60.00-11.8%
17
68
64.00-5.9%
13
19
65.00-4.4%
179
202
66.00-3.0%
546
58
67.00-1.5%
43
79
68.000.0%
327
47
69.001.4%
93
18
70.002.9%
199
53
71.004.4%
29
9
72.005.9%
1309
0
73.007.3%
76
1
74.008.8%
157
4
75.0010.3%
155
0
85.0025.0%
218
0
90.0032.3%
427
Nearest spot strike Max pain strikeBars show relative OI within this expiry
Gamma Profile by Strike
Positive gamma proxy
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+$3.7MDelta change / 1% move
Positive peak70.00+$922,515
Negative peak60.00-$363,860
Nearest balance67.01Interpolated sign change
StrikeNegativePositiveNet / 1% move
60.00-11.8%
-$363,860
61.00-10.3%
-$13,044
62.00-8.9%
-$2,750
62.50-8.1%
-$70,749
63.00-7.4%
+$254
64.00-5.9%
+$12,238
65.00-4.4%
+$247,950
66.00-3.0%
-$43,427
67.00-1.5%
-$3,509
67.50-0.8%
+$172,911
68.000.0%
+$141,119
69.001.4%
+$47,780
70.002.9%
+$922,515
71.004.4%
+$22,613
72.005.9%
+$841,752
72.506.6%
+$285,359
73.007.3%
+$188,164
74.008.8%
+$41,886
75.0010.3%
+$331,875
76.0011.7%
+$528
77.0013.2%
+$189
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
Near-term options are materially richer than later expirations, consistent with concentrated event or immediate-risk pricing.
0.53
7 Aug
3d
0.36
14 Aug
10d
0.42
21 Aug
17d
0.38
28 Aug
24d
0.38
4 Sep
31d
0.35
11 Sep
38d
0.35
18 Sep
45d
0.37
16 Oct
73d
Volatility by Strike
Downside protection premium
Out-of-the-money puts carry higher implied volatility than comparable calls, indicating richer downside protection.
55
56
58
59
60
61
63
64
65
67
68
69
71
72
73
75
76
77
78
80
81
Put IV Call IV
Historical Replay
How matured reads behaved through expiry
Across 1 stored directional transitions, the next stored price moved in the labelled direction 100% of the time.
Directional follow-through100%
Moves contained by pricing100%
Average expiry move12.3%
30 Jul
Bullish · 39
12.3% through expiry
15.1% 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
Usable with limits
Retained chain100%
Implied volatility100%
Two-sided quotes100%
Open interest100%
- Chain status
- Complete available chain
- Market date
- 4 Aug 2026
- Calculation
- v2.0
- Contracts
- 902 / 902
- 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
Short-dated OTM call concentration
Call activity is concentrated in upside and shorter-dated contracts; trade direction remains unconfirmed without aggressor data.
Options pressure and weekly price action are pointing in the same constructive direction.
Short-dated OTM call concentration matters because it connects the options headline to the actual evidence: $741,856 of estimated gross traded notional, calls · 8-21 days · otm, and a bullish flow confirms price backdrop. Use it as a research priority signal, then validate the chart, liquidity, event calendar, and risk before acting.
Options pressure+48
1W price+12.3%
Call premium72%
Put premium28%
Notional split
C 72% / P 28%
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
23/100
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.
Calls · 8-21 days · OTM
calls cluster with 1367 contracts traded, $170,702 estimated gross traded notional, and 23% of visible notional.
$170,702
Calls · 0-7 days · ITM
calls cluster with 172 contracts traded, $137,470 estimated gross traded notional, and 19% of visible notional.
$137,470
Puts · 91+ days · OTM
puts cluster with 261 contracts traded, $81,252 estimated gross traded notional, and 11% of visible notional.
$81,252
Calls · 91+ days · OTM
calls cluster with 112 contracts traded, $62,758 estimated gross traded notional, and 8% of visible notional.
$62,758
Calls · 46-90 days · ITM
calls cluster with 54 contracts traded, $62,100 estimated gross traded notional, and 8% of visible notional.
$62,100
Setup Classification
Opportunity and risk frame
Options positioning is not confirming the underlying trend context.
Activity Anomaly
Warming up
5 of 10 completed market sessions are available. More session history is needed before activity can be compared with a reliable normal.
Baseline: 5 completed sessions
Volume rank-
Volume/OI rank-
IV rank-
Market Context
Underlying confirmation
Close68.02
1W+12.3%
RS-15.6
Fair value-11.4%
Options pressure48
Speculation41
Volatility54
Trend fit23
Today Versus Normal
Stored-options context
30d avg - · 5/10 sessions
-
90d avg - · 5/30 sessions
-
180d avg - · 5/60 sessions
-
30d avg - · 5/10 sessions
-
90d avg - · 5/30 sessions
-
180d avg - · 5/60 sessions
-
30d avg - · 5/10 sessions
-
90d avg - · 5/30 sessions
-
180d avg - · 5/60 sessions
-
30d avg - · 5/10 sessions
-
90d avg - · 5/30 sessions
-
180d avg - · 5/60 sessions
-
Pressure Trail
Recent pressure and volatility
29 Jul 10:14
Volatility
Pressure 74
Move 7.5%
30 Jul 10:11
Bullish
Pressure 64
Move 17.2%
31 Jul 09:57
Bullish
Pressure 22
Move 15.1%
2 Aug 18:38
Bullish
Pressure 36
Move 3.6%
4 Aug 10:06
Bullish
Pressure 52
Move 4.1%
5 Aug 10:14
Bullish
Pressure 48
Move 4.3%
Strike Map
Where activity is clustering
Strike45.00
Calls · V 0 · OI 1
Puts · V 0 · OI 1
Strike50.00
Calls · V 2 · OI 15
Puts · V 0 · OI 0
Strike51.00
Calls · V 5 · OI 4
Puts · V 0 · OI 0
Strike52.00
Calls · V 6 · OI 2
Puts · V 0 · OI 0
Strike53.00
Calls · V 5 · OI 3
Puts · V 0 · OI 1
Strike54.00
Calls · V 2 · OI 2
Puts · V 0 · OI 0
Strike55.00
Calls · V 2 · OI 2
Puts · V 0 · OI 2
Strike56.00
Calls · V 2 · OI 26
Puts · V 0 · OI 32
Term Structure
Expiration activity
Expiry7 Aug 2026
Contracts74
Avg IV0.53
Put-call1.04
Expiry14 Aug 2026
Contracts74
Avg IV0.36
Put-call0.44
Expiry21 Aug 2026
Contracts90
Avg IV0.42
Put-call0.03
Expiry28 Aug 2026
Contracts74
Avg IV0.38
Put-call0.50
Expiry4 Sep 2026
Contracts74
Avg IV0.38
Put-call5.00
Skew
Call/put IV balance
7 Aug 2026Balanced skew
Call IV0.41
Put IV0.41
Skew0.01
14 Aug 2026Call IV premium
Call IV0.49
Put IV0.33
Skew-0.17
21 Aug 2026Balanced skew
Call IV0.50
Put IV0.47
Skew-0.03
28 Aug 2026Call IV premium
Call IV0.54
Put IV0.39
Skew-0.16
4 Sep 2026Balanced skew
Call IV0.37
Put IV0.37
Skew-
Contract Tape
Most active contracts
ContractGEHC260821C00075000
SideCall
Expiry21 Aug 2026
Strike75.00
Volume1207
OI499
IV0.46
ContractGEHC260918C00080000
SideCall
Expiry18 Sep 2026
Strike80.00
Volume146
OI1016
IV0.35
ContractGEHC260807P00068000
SidePut
Expiry7 Aug 2026
Strike68.00
Volume129
OI79
IV0.41
ContractGEHC260807C00065000
SideCall
Expiry7 Aug 2026
Strike65.00
Volume126
OI179
IV0.94
ContractGEHC270115P00062500
SidePut
Expiry15 Jan 2027
Strike62.50
Volume112
OI305
IV0.38
ContractGEHC270115P00067500
SidePut
Expiry15 Jan 2027
Strike67.50
Volume107
OI313
IV0.39
ContractGEHC261218P00062500
SidePut
Expiry18 Dec 2026
Strike62.50
Volume62
OI177
IV0.40
ContractGEHC260918P00065000
SidePut
Expiry18 Sep 2026
Strike65.00
Volume58
OI916
IV0.35
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.