Ticker Options Intelligence

GLAD options intelligence

Gladstone Capital Corporation options pressure, expected move, strike concentration, and Sharemaestro trend context.

Conviction 40 Market data through 31 Jul 2026 Checked 1 Aug 2026 10:21 · complete available chain

Put-side pressure

Bearish pressure

GLAD currently carries bearish options pressure with a 40/100 conviction score. The nearest-chain expected move is 10.0%, 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 10.0%

Wider near-term move priced

Activity / OI 0.00

Current volume is quieter versus prior open interest

Put-call 2.00

Put-side skew

Trend fit 61

Options agree with trend context

Weekly backdrop -0.6%

RS -12.5

Expected move 10.0%
Put-call volume 2.00
Volume / OI 0.00
Reference IV 0.42
Max pain 20.00
Underlying 18.67
Nearest expiry 21 Aug 2026
Contracts 90

Research Brief

GLAD has a bearish 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 16.80–20.54; The largest call open-interest concentration is 20.00; the largest put concentration is 17.50. The most active strike by current volume is 2.50.

Priced range16.80–20.54
Call concentration20.00
Put concentration17.50
Max pain reference20.00
What would confirm it
  • Price remains weak while put-side concentration persists.
  • The current chain read already agrees with the stored weekly trend context.
What would weaken it
  • Price recovers while put pressure fades or reverses toward calls.
  • 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 16.80 to 20.54. Max pain at 20.00 sits inside that range, 7.1% above spot.

Spot Max pain
16.8018.67 ± 1.8720.54
Confirmation level

A close beyond 20.54 or below 16.80 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

Evidence alignment, not probability

Pressure is 41/100 toward puts; conviction uses its strength, while the signal label carries its direction.

Directional pressure41 × 42%
+17.3

How strongly activity leans toward calls or puts.

Participation1 × 22%
+0.2

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

Trend agreement61 × 26%
+15.8

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

Volatility69 × 10%
+6.9

The intensity of implied volatility and the priced move.

Reconstructed score40.2Matches stored calculation

Positioning by Strike

Where open interest and current activity concentrate

Full strike map

The largest call open-interest concentration is 20.00; the largest put concentration is 17.50. The most active strike by current volume is 2.50. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.

Put open interestStrikeCall open interest
0
2.50-86.6%
0
0
5.00-73.2%
0
0
7.50-59.8%
0
0
10.00-46.4%
0
0
12.50-33.0%
0
3
15.00-19.7%
0
54
17.50-6.3%
0
19
20.007.1%
155
1
22.5020.5%
22
1
25.0033.9%
0
0
30.0060.7%
0
0
35.0087.5%
0
Nearest spot strike Max pain strikeBars show relative OI within this expiry

Volatility Curve

Front-loaded volatility

1.60× front/back

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

0.42 21 Aug 21d
0.32 18 Sep 49d
0.27 18 Dec 140d
0.26 19 Mar 231d

Volatility by Strike

Upside optionality premium

Nearest expiry, within 20% of spot

Out-of-the-money calls carry higher implied volatility than comparable puts, indicating richer upside optionality.

15
18
20
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

A97/100
Retained chain100%
Implied volatility100%
Two-sided quotes100%
Open interest100%
Chain status
Complete available chain
Market date
31 Jul 2026
Calculation
v2.0
Contracts
90 / 90
  • 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

75/100
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 before price confirmation

Put-side pressure is present before a decisive weekly price breakdown.

Why this matters

Earnings/event positioning matters because it connects the options headline to the actual evidence: $153 of estimated gross traded notional, puts · 91+ days · otm, and a bearish 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-41
1W price-0.6%
Call premium18%
Put premium82%
Notional split C 18% / P 82% 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 61/100 Agreement between options pressure and Sharemaestro market context.
Event window 3 Aug Matched earnings event is 2 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 · 91+ days · OTM
Puts · 91+ days · OTM puts cluster with 1 contracts traded, $88 estimated gross traded notional, and 57% of visible notional.
$88
Puts · 46-90 days · OTM puts cluster with 1 contracts traded, $38 estimated gross traded notional, and 25% of visible notional.
$38
Calls · 46-90 days · OTM calls cluster with 1 contracts traded, $28 estimated gross traded notional, and 18% of visible notional.
$28

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.

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
Close18.67
1W-0.6%
RS-12.5
Fair value-6.0%
Options pressure-41
Speculation1
Volatility69
Trend fit61

Today Versus Normal

Stored-options context

View history
Expected move 10.0% history building
30d avg - · 3/10 sessions -
90d avg - · 3/30 sessions -
180d avg - · 3/60 sessions -
IV 0.42 history building
30d avg - · 3/10 sessions -
90d avg - · 3/30 sessions -
180d avg - · 3/60 sessions -
Put-call 2.00 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 11:27 Bullish
Pressure 92
Move 9.7%
30 Jul 11:12 Bullish
Pressure 53
Move 8.4%
30 Jul 17:37 Volatility
Pressure 83
Move 10.2%
30 Jul 19:06 Volatility
Pressure 83
Move 10.2%
30 Jul 19:51 Volatility
Pressure 83
Move 10.2%
31 Jul 02:20 Mixed
Pressure 9
Move 10.5%
1 Aug 09:21 Bearish
Pressure -41
Move 10.0%

Strike Map

Where activity is clustering

Full strike map
Strike2.50
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike5.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike7.50
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike10.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike12.50
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike15.00
Calls · V 0 · OI 0
Puts · V 0 · OI 3
Strike17.50
Calls · V 0 · OI 0
Puts · V 0 · OI 54
Strike20.00
Calls · V 0 · OI 155
Puts · V 0 · OI 19

Term Structure

Expiration activity

Volume and IV
Expiry21 Aug 2026
Contracts24
Avg IV0.42
Put-call-
Expiry18 Sep 2026
Contracts18
Avg IV0.32
Put-call1.00
Expiry18 Dec 2026
Contracts24
Avg IV0.27
Put-call-
Expiry19 Mar 2027
Contracts24
Avg IV0.26
Put-call-

Skew

Call/put IV balance

OTM demand
21 Aug 2026Call IV premium
Call IV0.47
Put IV0.15
Skew-0.32
18 Sep 2026Put IV premium
Call IV0.09
Put IV0.33
Skew0.23
18 Dec 2026Put IV premium
Call IV0.05
Put IV0.32
Skew0.26
19 Mar 2027Put IV premium
Call IV0.17
Put IV0.27
Skew0.10

Contract Tape

Most active contracts

Full contract tape
ContractGLAD260918C00020000
SideCall
Expiry18 Sep 2026
Strike20.00
Volume1
OI337
IV0.09
ContractGLAD260918P00017500
SidePut
Expiry18 Sep 2026
Strike17.50
Volume1
OI127
IV0.33
ContractGLAD270319P00017500
SidePut
Expiry19 Mar 2027
Strike17.50
Volume1
OI12
IV0.27
ContractGLAD261218P00010000
SidePut
Expiry18 Dec 2026
Strike10.00
Volume-
OI1391
IV0.43
ContractGLAD261218C00020000
SideCall
Expiry18 Dec 2026
Strike20.00
Volume-
OI258
IV0.05
ContractGLAD261218P00017500
SidePut
Expiry18 Dec 2026
Strike17.50
Volume-
OI218
IV0.32
ContractGLAD261218C00022500
SideCall
Expiry18 Dec 2026
Strike22.50
Volume-
OI205
IV0.13
ContractGLAD260821C00020000
SideCall
Expiry21 Aug 2026
Strike20.00
Volume-
OI155
IV0.47