Primary read
Volatility
Volatility expansion watch
Ticker Options Intelligence
DVA options intelligence
DaVita HealthCare Partners Inc options pressure, expected move, strike concentration, and Sharemaestro trend context.
Conviction
46
Market data through 30 Jul 2026
Checked 31 Jul 2026 11:11 · complete available chain
Volatility expansion watch
Volatility pressure
DVA currently carries volatility options pressure with a 46/100 conviction score. The nearest-chain expected move is 11.0%, with volume/open-interest participation at 0.00.
Expected move
11.0%
Wider near-term move priced
Activity / OI
0.00
Current volume is quieter versus prior open interest
Put-call
0.50
Call-side skew
Trend fit
73
Options agree with trend context
Weekly backdrop
-0.6%
RS 45.5
Expected move
11.0%
Put-call volume
0.50
Volume / OI
0.00
Reference IV
0.58
Max pain
230.00
Underlying
235.44
Nearest expiry
21 Aug 2026
Contracts
686
Research Brief
DVA has a volatility chain read with 46/100 evidence alignment.
The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 209.44–261.44; The largest call open-interest concentration is 250.00; the largest put concentration is 220.00. The most active strike by current volume is 220.00.
Priced range209.44–261.44
Call concentration250.00
Put concentration220.00
Max pain reference230.00
- 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.
- 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 209.44 to 261.44. Max pain at 230.00 sits inside that range, 2.3% below spot.
Spot
Max pain
209.44235.44 ± 26.00261.44
Confirmation level
A close beyond 261.44 or below 209.44 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 46/100
Pressure is 38/100 toward calls; conviction uses its strength, while the signal label carries its direction.
Directional pressure38 × 42%
+15.9
How strongly activity leans toward calls or puts.
Participation16 × 22%
+3.5
Volume relative to existing open interest and contract-level activity.
Trend agreement73 × 26%
+19.0
How closely the chain read agrees with the underlying trend backdrop.
Volatility80 × 10%
+8.0
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 250.00; the largest put concentration is 220.00. The most active strike by current volume is 220.00. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.
Put open interestStrikeCall open interest
10
150.00-36.3%
1
10
170.00-27.8%
5
16
180.00-23.5%
5
18
185.00-21.4%
0
259
190.00-19.3%
3
21
195.00-17.2%
0
462
200.00-15.1%
4
91
210.00-10.8%
10
754
220.00-6.6%
13
120
230.00-2.3%
244
111
240.001.9%
36
12
250.006.2%
2189
0
260.0010.4%
2187
0
270.0014.7%
22
0
280.0018.9%
14
0
290.0023.2%
9
0
300.0027.4%
32
Nearest spot strike Max pain strikeBars show relative OI within this expiry
Volatility Curve
Front-loaded volatility
Near-term options are materially richer than later expirations, consistent with concentrated event or immediate-risk pricing.
0.58
21 Aug
22d
0.45
18 Sep
50d
0.42
16 Oct
78d
0.43
20 Nov
113d
0.41
18 Dec
141d
0.41
15 Jan
169d
0.42
19 Feb
204d
0.41
21 May
295d
Volatility by Strike
Downside protection premium
Out-of-the-money puts carry higher implied volatility than comparable calls, indicating richer downside protection.
190
195
200
210
220
230
240
250
260
270
280
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
Usable with limits
Retained chain100%
Implied volatility100%
Two-sided quotes100%
Open interest100%
- Chain status
- Complete available chain
- Market date
- 30 Jul 2026
- Calculation
- v2.0
- Contracts
- 686 / 686
- 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
Options activity is concentrated around a live event window, so the cleanest read is event positioning rather than pure direction.
Options are pricing movement more than direction; compare expected move with the stock's actual weekly change.
Earnings/event positioning matters because it connects the options headline to the actual evidence: $198035 of estimated gross traded notional, calls · 91+ days · atm, 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+38
1W price-0.6%
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
0.00
Volume divided by open interest across the visible chain.
Trend fit
73/100
Agreement between options pressure and Sharemaestro market context.
Event window
4 Aug
Matched earnings event is 3 days away.
Aggregate chain data does not identify trade aggressor or opening versus closing activity; call/put concentration is not proof of market direction.
Calls · 91+ days · ATM
calls cluster with 28 contracts traded, $77980 estimated gross traded notional, and 39% of visible notional.
$77980
Puts · 91+ days · ITM
puts cluster with 8 contracts traded, $33050 estimated gross traded notional, and 17% of visible notional.
$33050
Calls · 91+ days · ITM
calls cluster with 6 contracts traded, $29060 estimated gross traded notional, and 15% of visible notional.
$29060
Calls · 91+ days · OTM
calls cluster with 16 contracts traded, $16915 estimated gross traded notional, and 9% of visible notional.
$16915
Puts · 8-21 days · OTM
puts cluster with 17 contracts traded, $9260 estimated gross traded notional, and 5% of visible notional.
$9260
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.
Underlying price is close to the max-pain zone.
Activity Anomaly
Warming up
2 of 10 completed market sessions are available. More session history is needed before activity can be compared with a reliable normal.
Baseline: 2 completed sessions
Volume rank-
Volume/OI rank-
IV rank-
Market Context
Underlying confirmation
Close235.44
1W-0.6%
RS45.5
Fair value+69.0%
Options pressure38
Speculation16
Volatility80
Trend fit73
Today Versus Normal
Stored-options context
30d avg - · 2/10 sessions
-
90d avg - · 2/30 sessions
-
180d avg - · 2/60 sessions
-
30d avg - · 2/10 sessions
-
90d avg - · 2/30 sessions
-
180d avg - · 2/60 sessions
-
30d avg - · 2/10 sessions
-
90d avg - · 2/30 sessions
-
180d avg - · 2/60 sessions
-
30d avg - · 2/10 sessions
-
90d avg - · 2/30 sessions
-
180d avg - · 2/60 sessions
-
Pressure Trail
Recent pressure and volatility
29 Jul 10:24
Volatility
Pressure 15
Move 11.7%
30 Jul 10:21
Mixed
Pressure 7
Move 11.6%
31 Jul 10:11
Volatility
Pressure 38
Move 11.0%
Strike Map
Where activity is clustering
Strike130.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike135.00
Calls · V 0 · OI 1
Puts · V 0 · OI 0
Strike140.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike145.00
Calls · V 0 · OI 2
Puts · V 0 · OI 0
Strike150.00
Calls · V 0 · OI 1
Puts · V 0 · OI 10
Strike155.00
Calls · V 0 · OI 0
Puts · V 0 · OI 1
Strike160.00
Calls · V 0 · OI 6
Puts · V 0 · OI 0
Strike165.00
Calls · V 0 · OI 0
Puts · V 0 · OI 3
Term Structure
Expiration activity
Expiry21 Aug 2026
Contracts56
Avg IV0.58
Put-call1.54
Expiry18 Sep 2026
Contracts54
Avg IV0.45
Put-call0.40
Expiry16 Oct 2026
Contracts78
Avg IV0.42
Put-call-
Expiry20 Nov 2026
Contracts66
Avg IV0.43
Put-call-
Expiry18 Dec 2026
Contracts94
Avg IV0.41
Put-call1.33
Skew
Call/put IV balance
21 Aug 2026Put IV premium
Call IV0.56
Put IV0.62
Skew0.06
18 Sep 2026Balanced skew
Call IV0.41
Put IV0.45
Skew0.04
16 Oct 2026Balanced skew
Call IV0.40
Put IV0.43
Skew0.04
20 Nov 2026Balanced skew
Call IV0.41
Put IV0.43
Skew0.02
18 Dec 2026Balanced skew
Call IV0.40
Put IV0.42
Skew0.03
Contract Tape
Most active contracts
ContractDVA270115C00240000
SideCall
Expiry15 Jan 2027
Strike240.00
Volume28
OI233
IV0.41
ContractDVA260821P00220000
SidePut
Expiry21 Aug 2026
Strike220.00
Volume11
OI754
IV0.62
ContractDVA260821P00210000
SidePut
Expiry21 Aug 2026
Strike210.00
Volume6
OI91
IV0.64
ContractDVA260821C00250000
SideCall
Expiry21 Aug 2026
Strike250.00
Volume5
OI2189
IV0.57
ContractDVA270115P00250000
SidePut
Expiry15 Jan 2027
Strike250.00
Volume5
OI5
IV0.40
ContractDVA270115C00195000
SideCall
Expiry15 Jan 2027
Strike195.00
Volume4
OI24
IV0.43
ContractDVA260821P00230000
SidePut
Expiry21 Aug 2026
Strike230.00
Volume3
OI120
IV0.56
ContractDVA260918C00250000
SideCall
Expiry18 Sep 2026
Strike250.00
Volume2
OI176
IV0.44
Research Graph
Related research and context
Sharemaestro research
Related News
Market Watch
Earnings
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.