Ticker Options Intelligence

BTSG options intelligence

Name: Sharemaestro BTSG Options Intent Radar
Creator: Sharemaestro
License: https://sharemaestro.com/data-license/

BrightSpring Health Services, Inc. Common Stock options pressure, expected move, strike concentration, and Sharemaestro trend context.

Conviction 53 Market data through 4 Aug 2026 Checked 5 Aug 2026 02:52 · complete available chain

Call-side pressure

Bullish pressure

BTSG currently carries bullish options pressure with a 53/100 conviction score. The nearest-chain expected move is 8.5%, with volume/open-interest participation at 0.06.

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

Primary read Bullish

Call-side pressure

Expected move 8.5%

Wider near-term move priced

Activity / OI 0.06

Current volume is quieter versus prior open interest

Put-call 0.08

Call-side skew

Trend fit 19

Options are not fully confirming trend

Weekly backdrop -18.1%

RS 30.6

Expected move 8.5%

Put-call volume 0.08

Volume / OI 0.06

Reference IV 0.52

Max pain 70.00

Underlying 59.71

Nearest expiry 21 Aug 2026

Contracts 312

Research Brief

BTSG has a bullish chain read with 53/100 evidence alignment.

The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 54.64–64.78; The largest call open-interest concentration is 75.00; the largest put concentration is 70.00. The most active strike by current volume is 85.00.

Priced range54.64–64.78

Call concentration75.00

Put concentration70.00

Max pain reference70.00

What would confirm it

Price holds or improves while call-side concentration remains elevated.

What would weaken it

Price weakens while call pressure fades or reverses toward puts.
Options and the weekly trend are not yet giving the same message.

Priced Move

Where the chain says movement becomes exceptional

Size, not direction · through 21 Aug

Options imply 54.64 to 64.78. Max pain at 70.00 lies outside the priced range, so it is a weak near-term anchor.

Spot Max pain

54.6459.71 ± 5.0764.78

Confirmation level

A close beyond 64.78 or below 54.64 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 53/100

Evidence alignment, not probability

Pressure is 86/100 toward calls; conviction uses its strength, while the signal label carries its direction.

Directional pressure86 × 42%

+36.0

How strongly activity leans toward calls or puts.

Participation22 × 22%

+4.9

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

Trend agreement19 × 26%

+4.8

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

Volatility70 × 10%

+7.0

The intensity of implied volatility and the priced move.

Positioning by Strike

Where open interest and current activity concentrate

Full strike map

The largest call open-interest concentration is 75.00; the largest put concentration is 70.00. The most active strike by current volume is 85.00. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.

Put open interestStrikeCall open interest

35.00-41.4%

40.00-33.0%

45.00-24.6%

184

50.00-16.3%

235

55.00-7.9%

390

60.000.5%

164

393

65.008.9%

145

517

70.0017.2%

387

75.0025.6%

668

80.0034.0%

270

85.0042.4%

272

90.0050.7%

95.0059.1%

100.0067.5%

Nearest spot strike Max pain strikeBars show relative OI within this expiry

Gamma Profile by Strike

Balanced gamma proxy

Reported Greeks · 100% coverage

Call- and put-side gamma sensitivity is broadly balanced across the retained chain. Individual strike concentrations may still matter more than the chain-wide net.

Net profile+$144,508Delta change / 1% move

Positive peak70.00+$96,782

Negative peak60.00-$83,750

Nearest balance56.87Interpolated sign change

StrikeNegativePositiveNet / 1% move

17.50-70.7%

+$269

20.00-66.5%

+$87

22.50-62.3%

+$58

25.00-58.1%

+$200

30.00-49.8%

+$271

35.00-41.4%

-$54,678

40.00-33.0%

+$3,190

45.00-24.6%

+$2,191

50.00-16.3%

-$16,256

55.00-7.9%

+$50,126

60.000.5%

-$83,750

65.008.9%

-$25,388

70.0017.2%

+$96,782

75.0025.6%

+$76,587

80.0034.0%

+$80,087

85.0042.4%

+$6,388

90.0050.7%

+$3,497

95.0059.1%

+$401

100.0067.5%

+$4,467

105.0075.8%

-$19

Positive call-side proxy Negative put-side proxyHighlighted row is nearest spot strike

Scenario proxy = gamma × open interest × 100 shares × spot² × 1%. Calls are positive and puts negative by convention. Missing Greeks use a Black-Scholes estimate from stored IV with zero rate and dividend assumptions. Open interest does not reveal who is long or short, so this is not observed dealer positioning or a forecast.

Volatility Curve

Balanced volatility curve

1.00× front/back

Near- and longer-dated implied volatility are broadly aligned; no exceptional front-expiry premium is visible.

0.52 21 Aug 17d

0.52 18 Sep 45d

0.50 16 Oct 73d

0.52 18 Dec 136d

0.51 15 Jan 164d

0.51 19 Feb 199d

0.51 19 Mar 227d

0.51 16 Apr 255d

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.

Put IV Call IV

Historical Replay

How matured reads behaved through expiry

0 matured · 0 directional

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

Auditable calculationoriginal version retained
Independent entryone read per market session
Point-in-time referencerequired at entry
Matched expiry closereported only after maturity

Eligible snapshots must have a dated market session, stored signal, and point-in-time market reference. Each observation uses one read per market session and the first stored weekly close on or immediately after expiry; its original calculation version is retained. 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: 4 Aug 2026
Calculation: v2.0
Contracts: 312 / 312

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

83/100

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 Bullish flow against weak price

Options are leaning call-side while the stock is down on the week, a divergence that needs price confirmation.

Why this matters

Earnings/event positioning matters because it connects the options headline to the actual evidence: $446,250 of estimated gross traded notional, calls · 91+ days · itm, and a bullish flow against weak price backdrop. Use it as a research priority signal, then validate the chart, liquidity, event calendar, and risk before acting.

Options pressure+86

1W price-18.1%

Call premium95%

Put premium5%

Notional split C 95% / P 5% 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 19/100 Agreement between options pressure and Sharemaestro market context.

Event window 7 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 Calls · 91+ days · ITM

Calls · 91+ days · ITM calls cluster with 70 contracts traded, $145,830 estimated gross traded notional, and 33% of visible notional.

$145,830

Calls · 22-45 days · OTM calls cluster with 329 contracts traded, $97,298 estimated gross traded notional, and 22% of visible notional.

$97,298

Calls · 91+ days · OTM calls cluster with 54 contracts traded, $39,915 estimated gross traded notional, and 9% of visible notional.

$39,915

Calls · 91+ days · ATM calls cluster with 35 contracts traded, $39,355 estimated gross traded notional, and 9% of visible notional.

$39,355

Calls · 8-21 days · ITM calls cluster with 44 contracts traded, $37,180 estimated gross traded notional, and 8% of visible notional.

$37,180

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.

Warning Bullish pressure over fair value

Call pressure is building while the stock sits above Sharemaestro fair value.

Activity Anomaly

Warming up

5 of 10 completed market sessions are available. More session history is needed before activity can be compared with a reliable normal.

Baseline: 5 completed sessions

Volume rank-

Volume/OI rank-

IV rank-

Market Context

Underlying confirmation

Sharemaestro weekly

Close59.71

1W-18.1%

RS30.6

Fair value+126.3%

Options pressure86

Speculation22

Volatility70

Trend fit19

Today Versus Normal

Stored-options context

View history

Expected move 8.5% history building

30d avg - · 5/10 sessions -

90d avg - · 5/30 sessions -

180d avg - · 5/60 sessions -

IV 0.52 history building

30d avg - · 5/10 sessions -

90d avg - · 5/30 sessions -

180d avg - · 5/60 sessions -

Put-call 0.08 history building

30d avg - · 5/10 sessions -

90d avg - · 5/30 sessions -

180d avg - · 5/60 sessions -

Volume/OI 0.06 history building

30d avg - · 5/10 sessions -

90d avg - · 5/30 sessions -

180d avg - · 5/60 sessions -

Pressure Trail

Recent pressure and volatility

Open trail

29 Jul 10:25 Volatility

Pressure 58

Move 13.2%

30 Jul 10:21 Volatility

Pressure 64

Move 14.3%

31 Jul 05:53 Bearish

Pressure -26

Move 12.8%

1 Aug 07:29 Bullish

Pressure 66

Move 20.6%

3 Aug 02:26 Volatility

Pressure 66

Move 10.5%

4 Aug 10:10 Mixed

Pressure 6

Move 8.9%

5 Aug 01:52 Bullish

Pressure 86

Move 8.5%

Strike Map

Where activity is clustering

Full strike map

Strike35.00

Calls · V 0 · OI 15

Puts · V 0 · OI 0

Strike40.00

Calls · V 0 · OI 0

Puts · V 0 · OI 0

Strike45.00

Calls · V 0 · OI 1

Puts · V 1 · OI 2

Strike50.00

Calls · V 0 · OI 22

Puts · V 0 · OI 184

Strike55.00

Calls · V 44 · OI 67

Puts · V 0 · OI 235

Strike60.00

Calls · V 3 · OI 164

Puts · V 49 · OI 390

Strike65.00

Calls · V 158 · OI 145

Puts · V 1 · OI 393

Strike70.00

Calls · V 46 · OI 387

Puts · V 0 · OI 517

Term Structure

Expiration activity

Volume and IV

Expiry21 Aug 2026

Contracts28

Avg IV0.52

Put-call0.09

Expiry18 Sep 2026

Contracts40

Avg IV0.52

Put-call0.03

Expiry16 Oct 2026

Contracts38

Avg IV0.50

Put-call0.14

Expiry18 Dec 2026

Contracts40

Avg IV0.52

Put-call0.10

Expiry15 Jan 2027

Contracts34

Avg IV0.51

Put-call0.10

Skew

Call/put IV balance

OTM demand

21 Aug 2026Put IV premium

Call IV0.47

Put IV0.60

Skew0.13

18 Sep 2026Balanced skew

Call IV0.47

Put IV0.50

Skew0.03

16 Oct 2026Balanced skew

Call IV0.48

Put IV0.50

Skew0.02

18 Dec 2026Put IV premium

Call IV0.47

Put IV0.54

Skew0.07

15 Jan 2027Balanced skew

Call IV0.48

Put IV0.53

Skew0.05

Contract Tape

Most active contracts

Full contract tape

ContractBTSG260918C00065000

SideCall

Expiry18 Sep 2026

Strike65.00

Volume291

OI111

IV0.46

ContractBTSG260821C00085000

SideCall

Expiry21 Aug 2026

Strike85.00

Volume255

OI272

IV0.52

ContractBTSG260821C00065000

SideCall

Expiry21 Aug 2026

Strike65.00

Volume158

OI145

IV0.45

ContractBTSG260821P00060000

SidePut

Expiry21 Aug 2026

Strike60.00

Volume49

OI390

IV0.48

ContractBTSG260821C00070000

SideCall

Expiry21 Aug 2026

Strike70.00

Volume46

OI387

IV0.47

ContractBTSG260821C00055000

SideCall

Expiry21 Aug 2026

Strike55.00

Volume44

OI67

IV0.60

ContractBTSG260821C00075000

SideCall

Expiry21 Aug 2026

Strike75.00

Volume42

OI668

IV0.50

ContractBTSG261218C00065000

SideCall

Expiry18 Dec 2026

Strike65.00

Volume41

OI35

IV0.49

BTSG options intelligence

Bullish pressure

BTSG has a bullish chain read with 53/100 evidence alignment.

Where the chain says movement becomes exceptional

Why conviction is 53/100

Where open interest and current activity concentrate

Balanced gamma proxy

Balanced volatility curve

Downside protection premium

How matured reads behaved through expiry

High

Earnings/event positioning

Opportunity and risk frame

Warming up

Underlying confirmation

Stored-options context

Recent pressure and volatility

Where activity is clustering

Expiration activity

Call/put IV balance

Most active contracts

Related research and context

Sharemaestro research

Related News

Market Watch

Earnings