Ticker Options Intelligence

THC options intelligence

Tenet Healthcare Corporation options pressure, expected move, strike concentration, and Sharemaestro trend context.

Conviction 39 Market data through 29 Jul 2026 Checked 29 Jul 2026 22:56 · complete available chain

Options-market disagreement

Mixed pressure

THC currently carries mixed options pressure with a 39/100 conviction score. The nearest-chain expected move is 13.3%, with volume/open-interest participation at 0.09.

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

Options-market disagreement

Expected move 13.3%

Wider near-term move priced

Activity / OI 0.09

Current volume is quieter versus prior open interest

Put-call 1.06

Balanced tape

Trend fit 75

Options agree with trend context

Weekly backdrop +19.6%

RS 9.7

Expected move 13.3%
Put-call volume 1.06
Volume / OI 0.09
Reference IV 0.47
Max pain 195.00
Underlying 233.20
Nearest expiry 21 Aug 2026
Contracts 362

Options Intent Radar

Multi-expiry position-maintenance candidate

68/100
Primary intent Multi-expiry position-maintenance candidate

Activity is spread across expirations with heavier open interest than current volume, which can be consistent with position maintenance.

Flow vs price divergence No clean flow/price divergence

The options read is mixed, so divergence is not strong enough to classify.

Why this matters

Multi-expiry position-maintenance candidate matters because it connects the options headline to the actual evidence: $11.0M of estimated gross traded notional, calls · 91+ 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-6
1W price+19.6%
Call premium93%
Put premium7%
Notional split C 93% / P 7% Estimated gross traded notional uses volume × contract multiplier × midpoint, or last price when no valid midpoint is available.
Freshness 0.09 Volume divided by open interest across the visible chain.
Trend fit 75/100 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.
Conviction clusters Calls · 91+ days · ITM
Calls · 91+ days · ITM calls cluster with 611 contracts traded, $5.2M estimated gross traded notional, and 47% of visible notional.
$5.2M
Calls · 22-45 days · ITM calls cluster with 500 contracts traded, $2.9M estimated gross traded notional, and 26% of visible notional.
$2.9M
Calls · 91+ days · OTM calls cluster with 517 contracts traded, $1.7M estimated gross traded notional, and 16% of visible notional.
$1.7M
Puts · 91+ days · OTM puts cluster with 670 contracts traded, $384589 estimated gross traded notional, and 3% of visible notional.
$384589
Calls · 22-45 days · OTM calls cluster with 202 contracts traded, $169260 estimated gross traded notional, and 2% of visible notional.
$169260

Setup Classification

Opportunity and risk frame

Context, not advice
Positive Options-confirmed trend

Positioning agrees with the Sharemaestro trend backdrop.

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

High anomaly

100

Current options activity is unusually hot versus this ticker's stored history.

Volume rank100th
Volume/OI rank100th
IV rank100th

Market Context

Underlying confirmation

Sharemaestro weekly
Close233.20
1W+19.6%
RS9.7
Fair value+60.5%
Options pressure-6
Speculation42
Volatility73
Trend fit75

Today Versus Normal

Stored-options context

View history
Expected move 13.3% muted
30d avg 15.4% · 1 read 0th
90d avg 15.4% · 1 read 0th
180d avg 15.4% · 1 read 0th
IV 0.47 elevated
30d avg 0.44 · 1 read 100th
90d avg 0.44 · 1 read 100th
180d avg 0.44 · 1 read 100th
Put-call 1.06 elevated
30d avg 0.64 · 1 read 100th
90d avg 0.64 · 1 read 100th
180d avg 0.64 · 1 read 100th
Volume/OI 0.09 elevated
30d avg 0.07 · 1 read 100th
90d avg 0.07 · 1 read 100th
180d avg 0.07 · 1 read 100th

Pressure Trail

Recent pressure and volatility

Open trail
29 Jul 10:22 Mixed
Pressure 18
Move 15.4%
29 Jul 21:56 Mixed
Pressure -6
Move 13.3%

Strike Map

Where activity is clustering

Full strike map
Strike105.00
Calls · V 0 · OI 0
Puts · V 20 · OI 20
Strike110.00
Calls · V 0 · OI 0
Puts · V 40 · OI 40
Strike115.00
Calls · V 0 · OI 0
Puts · V 201 · OI 212
Strike120.00
Calls · V 2 · OI 8
Puts · V 1 · OI 2
Strike125.00
Calls · V 0 · OI 27
Puts · V 300 · OI 301
Strike130.00
Calls · V 1 · OI 26
Puts · V 6 · OI 18
Strike135.00
Calls · V 0 · OI 7
Puts · V 1 · OI 12
Strike140.00
Calls · V 0 · OI 0
Puts · V 1 · OI 143

Term Structure

Expiration activity

Volume and IV
Expiry21 Aug 2026
Contracts59
Avg IV0.47
Put-call1.73
Expiry18 Sep 2026
Contracts21
Avg IV0.44
Put-call1.02
Expiry20 Nov 2026
Contracts42
Avg IV0.49
Put-call1.36
Expiry18 Dec 2026
Contracts82
Avg IV0.43
Put-call0.54
Expiry15 Jan 2027
Contracts76
Avg IV0.36
Put-call1.17

Skew

Call/put IV balance

OTM demand
21 Aug 2026Balanced skew
Call IV0.48
Put IV0.49
Skew0.01
18 Sep 2026Balanced skew
Call IV0.44
Put IV0.47
Skew0.03
20 Nov 2026Balanced skew
Call IV0.51
Put IV0.49
Skew-0.03
18 Dec 2026Call IV premium
Call IV0.50
Put IV0.06
Skew-0.44
15 Jan 2027Put IV premium
Call IV0.00
Put IV0.46
Skew0.46

Contract Tape

Most active contracts

Full contract tape
ContractTHC260821C00320000
SideCall
Expiry21 Aug 2026
Strike320.00
Volume-
OI31
IV0.56
ContractTHC260821C00125000
SideCall
Expiry21 Aug 2026
Strike125.00
Volume-
OI27
IV0.99
ContractTHC260821C00155000
SideCall
Expiry21 Aug 2026
Strike155.00
Volume-
OI26
IV0.84
ContractTHC261218P00195000
SidePut
Expiry18 Dec 2026
Strike195.00
Volume-
OI8
IV0.81
ContractTHC260821C00135000
SideCall
Expiry21 Aug 2026
Strike135.00
Volume-
OI7
IV0.99
ContractTHC260821P00280000
SidePut
Expiry21 Aug 2026
Strike280.00
Volume-
OI7
IV0.45
ContractTHC261120P00140000
SidePut
Expiry20 Nov 2026
Strike140.00
Volume-
OI6
IV0.65
ContractTHC261218P00055000
SidePut
Expiry18 Dec 2026
Strike55.00
Volume-
OI6
IV1.34