Ticker Options Intelligence

WGS options intelligence

GeneDx Holdings Corp. options pressure, expected move, strike concentration, and Sharemaestro trend context.

Conviction 36 Market data through 30 Jul 2026 Checked 31 Jul 2026 11:35 · complete available chain

Call-side pressure

Bullish pressure

WGS currently carries bullish options pressure with a 36/100 conviction score. The nearest-chain expected move is 6.3%, 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 6.3%

Wider near-term move priced

Activity / OI 0.06

Current volume is quieter versus prior open interest

Put-call 0.66

Call-side skew

Trend fit 30

Options are not fully confirming trend

Weekly backdrop -6.9%

RS -45.7

Expected move 6.3%
Put-call volume 0.66
Volume / OI 0.06
Reference IV 1.21
Max pain 62.00
Underlying 59.10
Nearest expiry 31 Jul 2026
Contracts 1090

Research Brief

WGS has a bullish chain read with 36/100 evidence alignment.

The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 55.37–62.83; The largest call open-interest concentration is 63.00; the largest put concentration is 60.00. The most active strike by current volume is 63.00.

Priced range55.37–62.83
Call concentration63.00
Put concentration60.00
Max pain reference62.00
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.
  • 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 31 Jul

Options imply 55.37 to 62.83. Max pain at 62.00 sits inside that range, 4.9% above spot.

Spot Max pain
55.3759.10 ± 3.7362.83
Confirmation level

A close beyond 62.83 or below 55.37 at the 31 Jul 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 36/100

Evidence alignment, not probability

Pressure is 27/100 toward calls; conviction uses its strength, while the signal label carries its direction.

Directional pressure27 × 42%
+11.5

How strongly activity leans toward calls or puts.

Participation41 × 22%
+9.1

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

Trend agreement30 × 26%
+7.7

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

Volatility81 × 10%
+8.1

The intensity of implied volatility and the priced move.

Reconstructed score36.4Matches stored calculation

Positioning by Strike

Where open interest and current activity concentrate

Full strike map

The largest call open-interest concentration is 63.00; the largest put concentration is 60.00. The most active strike by current volume is 63.00. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.

Put open interestStrikeCall open interest
1
45.00-23.9%
16
13
47.00-20.5%
1
18
50.00-15.4%
3
16
52.00-12.0%
5
24
55.00-6.9%
1
120
58.00-1.9%
1
122
60.001.5%
52
11
61.003.2%
6
42
62.004.9%
3
71
63.006.6%
203
5
65.0010.0%
21
6
66.0011.7%
13
2
67.0013.4%
8
5
68.0015.1%
99
2
70.0018.4%
19
0
75.0026.9%
55
0
77.0030.3%
25
Nearest spot strike Max pain strikeBars show relative OI within this expiry

Volatility Curve

Front-loaded volatility

1.42× front/back

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

1.21 31 Jul 1d
1.67 7 Aug 8d
1.31 14 Aug 15d
1.17 21 Aug 22d
1.08 28 Aug 29d
1.02 4 Sep 36d
0.99 11 Sep 43d
0.92 18 Sep 50d

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.

48
49
50
51
52
54
55
56
57
58
59
60
61
62
63
64
66
67
68
69
70
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 31 Jul 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

C69/100
Retained chain100%
Implied volatility100%
Two-sided quotes100%
Open interest100%
Chain status
Complete available chain
Market date
30 Jul 2026
Calculation
v2.0
Contracts
1090 / 1090
  • 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

86/100
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: $465998 of estimated gross traded notional, calls · 0-7 days · otm, 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+27
1W price-6.9%
Call premium74%
Put premium26%
Notional split C 74% / P 26% 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 30/100 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 Calls · 0-7 days · OTM
Calls · 0-7 days · OTM calls cluster with 320 contracts traded, $144008 estimated gross traded notional, and 31% of visible notional.
$144008
Calls · 91+ days · OTM calls cluster with 43 contracts traded, $56275 estimated gross traded notional, and 12% of visible notional.
$56275
Calls · 8-21 days · OTM calls cluster with 82 contracts traded, $54470 estimated gross traded notional, and 12% of visible notional.
$54470
Calls · 91+ days · ITM calls cluster with 10 contracts traded, $31890 estimated gross traded notional, and 7% of visible notional.
$31890
Puts · 22-45 days · ATM puts cluster with 60 contracts traded, $25500 estimated gross traded notional, and 5% of visible notional.
$25500

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.

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

Sharemaestro weekly
Close59.10
1W-6.9%
RS-45.7
Fair value-1.2%
Options pressure27
Speculation41
Volatility81
Trend fit30

Today Versus Normal

Stored-options context

View history
Expected move 6.3% history building
30d avg - · 2/10 sessions -
90d avg - · 2/30 sessions -
180d avg - · 2/60 sessions -
IV 1.21 history building
30d avg - · 2/10 sessions -
90d avg - · 2/30 sessions -
180d avg - · 2/60 sessions -
Put-call 0.66 history building
30d avg - · 2/10 sessions -
90d avg - · 2/30 sessions -
180d avg - · 2/60 sessions -
Volume/OI 0.06 history building
30d avg - · 2/10 sessions -
90d avg - · 2/30 sessions -
180d avg - · 2/60 sessions -

Pressure Trail

Recent pressure and volatility

Open trail
29 Jul 11:06 Mixed
Pressure 15
Move 8.5%
30 Jul 10:54 Bullish
Pressure 20
Move 4.5%
31 Jul 10:35 Bullish
Pressure 27
Move 6.3%

Strike Map

Where activity is clustering

Full strike map
Strike30.00
Calls · V 0 · OI 1
Puts · V 0 · OI 0
Strike35.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike40.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike42.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike43.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike44.00
Calls · V 0 · OI 0
Puts · V 0 · OI 1
Strike45.00
Calls · V 0 · OI 16
Puts · V 0 · OI 1
Strike46.00
Calls · V 0 · OI 1
Puts · V 0 · OI 2

Term Structure

Expiration activity

Volume and IV
Expiry31 Jul 2026
Contracts100
Avg IV1.21
Put-call0.20
Expiry7 Aug 2026
Contracts106
Avg IV1.67
Put-call1.91
Expiry14 Aug 2026
Contracts98
Avg IV1.31
Put-call-
Expiry21 Aug 2026
Contracts94
Avg IV1.17
Put-call0.61
Expiry28 Aug 2026
Contracts76
Avg IV1.08
Put-call8.57

Skew

Call/put IV balance

OTM demand
31 Jul 2026Put IV premium
Call IV0.01
Put IV1.22
Skew1.21
7 Aug 2026Put IV premium
Call IV1.58
Put IV1.71
Skew0.14
14 Aug 2026Put IV premium
Call IV1.23
Put IV1.33
Skew0.10
21 Aug 2026Put IV premium
Call IV1.06
Put IV1.21
Skew0.15
28 Aug 2026Put IV premium
Call IV0.98
Put IV1.17
Skew0.19

Contract Tape

Most active contracts

Full contract tape
ContractWGS260731C00063000
SideCall
Expiry31 Jul 2026
Strike63.00
Volume114
OI203
IV0.01
ContractWGS260807P00060000
SidePut
Expiry7 Aug 2026
Strike60.00
Volume64
OI10
IV1.73
ContractWGS260731C00068000
SideCall
Expiry31 Jul 2026
Strike68.00
Volume63
OI99
IV0.89
ContractWGS260828P00060000
SidePut
Expiry28 Aug 2026
Strike60.00
Volume60
OI-
IV1.11
ContractWGS260731C00065000
SideCall
Expiry31 Jul 2026
Strike65.00
Volume40
OI21
IV1.73
ContractWGS260731P00060000
SidePut
Expiry31 Jul 2026
Strike60.00
Volume35
OI122
IV1.11
ContractWGS260821C00068000
SideCall
Expiry21 Aug 2026
Strike68.00
Volume31
OI-
IV1.15
ContractWGS261218P00027500
SidePut
Expiry18 Dec 2026
Strike27.50
Volume27
OI9
IV1.07