Primary read
Mixed
Options-market disagreement
Ticker Options Intelligence
GH options intelligence
Guardant Health Inc options pressure, expected move, strike concentration, and Sharemaestro trend context.
Conviction
40
Market data through 31 Jul 2026
Checked 2 Aug 2026 00:54 · complete available chain
Options-market disagreement
Mixed pressure
GH currently carries mixed options pressure with a 40/100 conviction score. The nearest-chain expected move is 10.3%, with volume/open-interest participation at 0.06.
Expected move
10.3%
Wider near-term move priced
Activity / OI
0.06
Current volume is quieter versus prior open interest
Put-call
0.94
Balanced tape
Trend fit
88
Options agree with trend context
Weekly backdrop
+10.0%
RS 51.7
Expected move
10.3%
Put-call volume
0.94
Volume / OI
0.06
Reference IV
0.55
Max pain
155.00
Underlying
161.99
Nearest expiry
21 Aug 2026
Contracts
426
Research Brief
GH has a mixed 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 145.34–178.64; The largest call open-interest concentration is 195.00; the largest put concentration is 130.00. The most active strike by current volume is 130.00.
Priced range145.34–178.64
Call concentration195.00
Put concentration130.00
Max pain reference155.00
- A clear directional pressure reading develops and price begins to agree.
- The current chain read already agrees with the stored weekly trend context.
- Volatility falls and the chain remains directionally mixed.
Priced Move
Where the chain says movement becomes exceptional
Options imply 145.34 to 178.64. Max pain at 155.00 sits inside that range, 4.3% below spot.
Spot
Max pain
145.34161.99 ± 16.65178.64
Confirmation level
A close beyond 178.64 or below 145.34 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 40/100
Pressure is 1/100 toward calls; conviction uses its strength, while the signal label carries its direction.
Directional pressure1 × 42%
+0.6
How strongly activity leans toward calls or puts.
Participation41 × 22%
+9.1
Volume relative to existing open interest and contract-level activity.
Trend agreement88 × 26%
+22.8
How closely the chain read agrees with the underlying trend backdrop.
Volatility78 × 10%
+7.8
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 195.00; the largest put concentration is 130.00. The most active strike by current volume is 130.00. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.
Put open interestStrikeCall open interest
100
105.00-35.2%
2
529
110.00-32.1%
6
117
125.00-22.8%
31
2782
130.00-19.7%
54
319
135.00-16.7%
168
106
140.00-13.6%
68
144
145.00-10.5%
141
187
150.00-7.4%
196
454
155.00-4.3%
234
255
160.00-1.2%
189
13
165.001.9%
112
56
170.004.9%
208
121
175.008.0%
55
10
180.0011.1%
160
5
185.0014.2%
321
0
190.0017.3%
624
1
195.0020.4%
817
Nearest spot strike Max pain strikeBars show relative OI within this expiry
Volatility Curve
Balanced volatility curve
Near- and longer-dated implied volatility are broadly aligned; no exceptional front-expiry premium is visible.
0.55
21 Aug
21d
0.55
18 Sep
49d
0.55
16 Oct
77d
0.59
15 Jan
168d
0.60
19 Mar
231d
0.60
21 Jan
539d
Volatility by Strike
Downside protection premium
Out-of-the-money puts carry higher implied volatility than comparable calls, indicating richer downside protection.
130
135
140
145
150
155
160
165
170
175
180
185
190
Put IV Call IV
Historical Replay
How matured reads behaved through expiry
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
Retained chain100%
Implied volatility100%
Two-sided quotes100%
Open interest100%
- Chain status
- Complete available chain
- Market date
- 31 Jul 2026
- Calculation
- v2.0
- Contracts
- 426 / 426
- 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
Multi-expiry position-maintenance candidate
Activity is spread across expirations with heavier open interest than current volume, which can be consistent with position maintenance.
The options read is mixed, so divergence is not strong enough to classify.
Multi-expiry position-maintenance candidate matters because it connects the options headline to the actual evidence: $1.4M of estimated gross traded notional, calls · 46-90 days · itm, 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+1
1W price+10.0%
Call premium75%
Put premium25%
Notional split
C 75% / P 25%
Estimated gross traded notional uses volume × contract multiplier × midpoint, or last price when no valid midpoint is available.
Freshness
0.06
Volume divided by open interest across the visible chain.
Trend fit
88/100
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.
Roll detection is conservative because opening and closing legs are not directly observable in this snapshot.
Calls · 46-90 days · ITM
calls cluster with 89 contracts traded, $327395 estimated gross traded notional, and 24% of visible notional.
$327395
Calls · 8-21 days · ITM
calls cluster with 90 contracts traded, $165265 estimated gross traded notional, and 12% of visible notional.
$165265
Puts · 46-90 days · ITM
puts cluster with 31 contracts traded, $152545 estimated gross traded notional, and 11% of visible notional.
$152545
Calls · 91+ days · OTM
calls cluster with 77 contracts traded, $147130 estimated gross traded notional, and 11% of visible notional.
$147130
Calls · 91+ days · ITM
calls cluster with 21 contracts traded, $132260 estimated gross traded notional, and 10% of visible notional.
$132260
Setup Classification
Opportunity and risk frame
Positioning agrees with the Sharemaestro trend backdrop.
The tape is pricing or displaying unusually elevated activity.
Expected move or upcoming earnings makes the setup more event-sensitive.
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
Close161.99
1W+10.0%
RS51.7
Fair value+199.2%
Options pressure1
Speculation41
Volatility78
Trend fit88
Today Versus Normal
Stored-options context
30d avg - · 3/10 sessions
-
90d avg - · 3/30 sessions
-
180d avg - · 3/60 sessions
-
30d avg - · 3/10 sessions
-
90d avg - · 3/30 sessions
-
180d avg - · 3/60 sessions
-
30d avg - · 3/10 sessions
-
90d avg - · 3/30 sessions
-
180d avg - · 3/60 sessions
-
30d avg - · 3/10 sessions
-
90d avg - · 3/30 sessions
-
180d avg - · 3/60 sessions
-
Pressure Trail
Recent pressure and volatility
29 Jul 10:20
Mixed
Pressure 17
Move 15.0%
30 Jul 10:15
Volatility
Pressure -76
Move 15.1%
30 Jul 15:31
Mixed
Pressure -11
Move 17.0%
30 Jul 15:46
Mixed
Pressure -11
Move 16.8%
30 Jul 19:39
Volatility
Pressure 7
Move 15.9%
31 Jul 16:30
Volatility
Pressure 22
Move 15.1%
31 Jul 22:39
Mixed
Pressure 3
Move 15.2%
1 Aug 00:00
Mixed
Pressure 3
Move 15.2%
Strike Map
Where activity is clustering
Strike75.00
Calls · V 0 · OI 2
Puts · V 0 · OI 0
Strike80.00
Calls · V 0 · OI 2
Puts · V 0 · OI 0
Strike85.00
Calls · V 0 · OI 1
Puts · V 0 · OI 0
Strike90.00
Calls · V 0 · OI 0
Puts · V 0 · OI 10
Strike95.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike100.00
Calls · V 4 · OI 7
Puts · V 1 · OI 70
Strike105.00
Calls · V 2 · OI 2
Puts · V 0 · OI 100
Strike110.00
Calls · V 0 · OI 6
Puts · V 21 · OI 529
Term Structure
Expiration activity
Expiry21 Aug 2026
Contracts60
Avg IV0.55
Put-call1.25
Expiry18 Sep 2026
Contracts52
Avg IV0.55
Put-call0.48
Expiry16 Oct 2026
Contracts74
Avg IV0.55
Put-call0.89
Expiry15 Jan 2027
Contracts100
Avg IV0.59
Put-call0.36
Expiry19 Mar 2027
Contracts60
Avg IV0.60
Put-call1.00
Skew
Call/put IV balance
21 Aug 2026Balanced skew
Call IV0.54
Put IV0.56
Skew0.02
18 Sep 2026Balanced skew
Call IV0.53
Put IV0.56
Skew0.03
16 Oct 2026Put IV premium
Call IV0.51
Put IV0.57
Skew0.06
15 Jan 2027Balanced skew
Call IV0.56
Put IV0.59
Skew0.03
19 Mar 2027Balanced skew
Call IV0.58
Put IV0.60
Skew0.02
Contract Tape
Most active contracts
ContractGH260821P00130000
SidePut
Expiry21 Aug 2026
Strike130.00
Volume106
OI2782
IV0.71
ContractGH260821C00180000
SideCall
Expiry21 Aug 2026
Strike180.00
Volume105
OI160
IV0.54
ContractGH260821P00125000
SidePut
Expiry21 Aug 2026
Strike125.00
Volume104
OI117
IV0.39
ContractGH260821P00140000
SidePut
Expiry21 Aug 2026
Strike140.00
Volume72
OI106
IV0.60
ContractGH260821C00165000
SideCall
Expiry21 Aug 2026
Strike165.00
Volume52
OI112
IV0.56
ContractGH260821P00160000
SidePut
Expiry21 Aug 2026
Strike160.00
Volume46
OI255
IV0.55
ContractGH260821C00160000
SideCall
Expiry21 Aug 2026
Strike160.00
Volume46
OI189
IV0.52
ContractGH270115C00220000
SideCall
Expiry15 Jan 2027
Strike220.00
Volume45
OI1
IV0.59
Research Graph
Related research and context
Sharemaestro research
Related News
Market Watch
Guardant Health Inc (GH) pullback contrasts with active weekly trend30 Jul 2026 17:00
Guardant Health Inc (GH) four-week climb reaches 33.7%9 Jul 2026 01:09
Guardant Health Inc (GH) reaches 113.7% 12-week gain with active trend6 Jul 2026 13:55
Guardant Health Inc (GH) volume spike sharpens weekly momentum setup3 Jul 2026 02:39
Guardant Health Inc (GH) climbs 13.2% as turnover expands30 Jun 2026 06:24
Guardant Health Inc (GH) carries a 38.7% four-week climb into weekly view18 Jun 2026 17:52
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.