Ticker Options Intelligence

GCT options intelligence

GigaCloud Technology Inc Class A Ordinary Shares options pressure, expected move, strike concentration, and Sharemaestro trend context.

Conviction 58 Market data through 31 Jul 2026 Checked 1 Aug 2026 15:55 · complete available chain

Volatility expansion watch

Volatility pressure

GCT currently carries volatility options pressure with a 58/100 conviction score. The nearest-chain expected move is 18.7%, with volume/open-interest participation at 0.04.

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

Volatility expansion watch

Expected move 18.7%

Wider near-term move priced

Activity / OI 0.04

Current volume is quieter versus prior open interest

Put-call 0.05

Call-side skew

Trend fit 0

Options are not fully confirming trend

Weekly backdrop +21.2%

RS 10.0

Expected move 18.7%
Put-call volume 0.05
Volume / OI 0.04
Reference IV 0.96
Max pain 40.00
Underlying 43.74
Nearest expiry 21 Aug 2026
Contracts 150

Research Brief

GCT has a volatility chain read with 58/100 evidence alignment.

The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 35.57–51.91; The largest call open-interest concentration is 40.00; the largest put concentration is 30.00. The most active strike by current volume is 45.00.

Priced range35.57–51.91
Call concentration40.00
Put concentration30.00
Max pain reference40.00
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 21 Aug

Options imply 35.57 to 51.91. Max pain at 40.00 sits inside that range, 8.6% below spot.

Spot Max pain
35.5743.74 ± 8.1751.91
Confirmation level

A close beyond 51.91 or below 35.57 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 58/100

Evidence alignment, not probability

Pressure is 94/100 toward calls; conviction uses its strength, while the signal label carries its direction.

Directional pressure94 × 42%
+39.6

How strongly activity leans toward calls or puts.

Participation41 × 22%
+9.0

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

Trend agreement0 × 26%
+0.0

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 score58.2Matches stored calculation

Positioning by Strike

Where open interest and current activity concentrate

Full strike map

The largest call open-interest concentration is 40.00; the largest put concentration is 30.00. The most active strike by current volume is 45.00. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.

Put open interestStrikeCall open interest
0
17.50-60.0%
0
0
20.00-54.3%
0
20
22.50-48.6%
0
79
25.00-42.8%
12
1269
30.00-31.4%
17
480
35.00-20.0%
410
1055
40.00-8.6%
671
72
45.002.9%
466
0
50.0014.3%
368
Nearest spot strike Max pain strikeBars show relative OI within this expiry

Volatility Curve

Front-loaded volatility

1.37× front/back

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

0.96 21 Aug 21d
0.79 18 Sep 49d
0.76 16 Oct 77d
0.77 20 Nov 112d
0.72 15 Jan 168d
0.70 21 Jan 539d

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.

35
40
45
50
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
150 / 150
  • 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

87/100
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 Volatility flow versus price

Options are pricing movement more than direction; compare expected move with the stock's actual weekly change.

Why this matters

Earnings/event positioning matters because it connects the options headline to the actual evidence: $494952 of estimated gross traded notional, calls · 91+ days · otm, and a volatility flow versus price backdrop. Use it as a research priority signal, then validate the chart, liquidity, event calendar, and risk before acting.

Options pressure+94
1W price+21.2%
Call premium98%
Put premium2%
Notional split C 98% / P 2% 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 0/100 Agreement between options pressure and Sharemaestro market context.
Event window 6 Aug Matched earnings event is 5 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 · OTM
Calls · 91+ days · OTM calls cluster with 619 contracts traded, $231825 estimated gross traded notional, and 47% of visible notional.
$231825
Calls · 91+ days · ITM calls cluster with 70 contracts traded, $160830 estimated gross traded notional, and 32% of visible notional.
$160830
Calls · 46-90 days · OTM calls cluster with 148 contracts traded, $38242 estimated gross traded notional, and 8% of visible notional.
$38242
Calls · 8-21 days · OTM calls cluster with 94 contracts traded, $28005 estimated gross traded notional, and 6% of visible notional.
$28005
Calls · 8-21 days · ITM calls cluster with 27 contracts traded, $17850 estimated gross traded notional, and 4% of visible notional.
$17850

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.

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
Close43.74
1W+21.2%
RS10.0
Fair value+66.1%
Options pressure94
Speculation41
Volatility96
Trend fit0

Today Versus Normal

Stored-options context

View history
Expected move 18.7% history building
30d avg - · 3/10 sessions -
90d avg - · 3/30 sessions -
180d avg - · 3/60 sessions -
IV 0.96 history building
30d avg - · 3/10 sessions -
90d avg - · 3/30 sessions -
180d avg - · 3/60 sessions -
Put-call 0.05 history building
30d avg - · 3/10 sessions -
90d avg - · 3/30 sessions -
180d avg - · 3/60 sessions -
Volume/OI 0.04 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 11:09 Mixed
Pressure 4
Move 22.0%
30 Jul 10:56 Bullish
Pressure 53
Move 25.1%
31 Jul 09:39 Bullish
Pressure 35
Move 27.6%
1 Aug 14:55 Volatility
Pressure 94
Move 18.7%

Strike Map

Where activity is clustering

Full strike map
Strike17.50
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike20.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike22.50
Calls · V 0 · OI 0
Puts · V 0 · OI 20
Strike25.00
Calls · V 0 · OI 12
Puts · V 0 · OI 79
Strike30.00
Calls · V 0 · OI 17
Puts · V 0 · OI 1269
Strike35.00
Calls · V 4 · OI 410
Puts · V 13 · OI 480
Strike40.00
Calls · V 23 · OI 671
Puts · V 15 · OI 1055
Strike45.00
Calls · V 74 · OI 466
Puts · V 1 · OI 72

Term Structure

Expiration activity

Volume and IV
Expiry21 Aug 2026
Contracts18
Avg IV0.96
Put-call0.24
Expiry18 Sep 2026
Contracts20
Avg IV0.79
Put-call0.14
Expiry16 Oct 2026
Contracts26
Avg IV0.76
Put-call0.18
Expiry20 Nov 2026
Contracts20
Avg IV0.77
Put-call-
Expiry15 Jan 2027
Contracts38
Avg IV0.72
Put-call-

Skew

Call/put IV balance

OTM demand
21 Aug 2026Put IV premium
Call IV0.91
Put IV0.98
Skew0.07
18 Sep 2026Put IV premium
Call IV0.74
Put IV0.86
Skew0.13
16 Oct 2026Call IV premium
Call IV0.83
Put IV0.74
Skew-0.10
20 Nov 2026Balanced skew
Call IV0.75
Put IV0.78
Skew0.03
15 Jan 2027Balanced skew
Call IV0.75
Put IV0.77
Skew0.02

Contract Tape

Most active contracts

Full contract tape
ContractGCT261120C00055000
SideCall
Expiry20 Nov 2026
Strike55.00
Volume593
OI119
IV0.74
ContractGCT260918C00050000
SideCall
Expiry18 Sep 2026
Strike50.00
Volume106
OI548
IV0.78
ContractGCT260821C00045000
SideCall
Expiry21 Aug 2026
Strike45.00
Volume74
OI466
IV0.92
ContractGCT260918C00055000
SideCall
Expiry18 Sep 2026
Strike55.00
Volume35
OI-
IV0.74
ContractGCT280121C00015000
SideCall
Expiry21 Jan 2028
Strike15.00
Volume28
OI220
IV0.78
ContractGCT260821C00040000
SideCall
Expiry21 Aug 2026
Strike40.00
Volume23
OI671
IV0.97
ContractGCT260821C00050000
SideCall
Expiry21 Aug 2026
Strike50.00
Volume20
OI368
IV0.91
ContractGCT270115C00040000
SideCall
Expiry15 Jan 2027
Strike40.00
Volume18
OI960
IV0.67