Ticker Options Intelligence

OPCH options intelligence

Option Care Health Inc options pressure, expected move, strike concentration, and Sharemaestro trend context.

Conviction 35 Market data through 31 Jul 2026 Checked 1 Aug 2026 20:18 · complete available chain

Call-side pressure

Bullish pressure

OPCH currently carries bullish options pressure with a 35/100 conviction score. The nearest-chain expected move is 9.2%, 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 Bullish

Call-side pressure

Expected move 9.2%

Wider near-term move priced

Activity / OI 0.00

Current volume is quieter versus prior open interest

Put-call 0.31

Call-side skew

Trend fit 2

Options are not fully confirming trend

Weekly backdrop +6.3%

RS -24.8

Expected move 9.2%
Put-call volume 0.31
Volume / OI 0.00
Reference IV 0.39
Max pain 22.50
Underlying 23.03
Nearest expiry 21 Aug 2026
Contracts 96

Research Brief

OPCH has a bullish chain read with 35/100 evidence alignment.

The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 20.90–25.16; The largest call open-interest concentration is 22.50; the largest put concentration is 22.50. The most active strike by current volume is 22.50.

Priced range20.90–25.16
Call concentration22.50
Put concentration22.50
Max pain reference22.50
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 20.90 to 25.16. Max pain at 22.50 sits inside that range, 2.3% below spot.

Spot Max pain
20.9023.03 ± 2.1325.16
Confirmation level

A close beyond 25.16 or below 20.90 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 35/100

Evidence alignment, not probability

Pressure is 64/100 toward calls; conviction uses its strength, while the signal label carries its direction.

Directional pressure64 × 42%
+26.8

How strongly activity leans toward calls or puts.

Participation4 × 22%
+0.9

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

Trend agreement2 × 26%
+0.6

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

Volatility64 × 10%
+6.4

The intensity of implied volatility and the priced move.

Reconstructed score34.8Matches stored calculation

Positioning by Strike

Where open interest and current activity concentrate

Full strike map

The largest call open-interest concentration is 22.50; the largest put concentration is 22.50. The most active strike by current volume is 22.50. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.

Put open interestStrikeCall open interest
0
12.50-45.7%
0
2
15.00-34.9%
0
3
17.50-24.0%
0
55
20.00-13.2%
8
59
22.50-2.3%
1562
0
25.008.6%
1178
0
27.5019.4%
228
0
30.0030.3%
21
0
32.5041.1%
0
Nearest spot strike Max pain strikeBars show relative OI within this expiry

Volatility Curve

Back-loaded volatility

0.85× front/back

Longer-dated options carry more implied volatility than the front expiry, so risk is priced farther out.

0.39 21 Aug 21d
0.36 18 Sep 49d
0.32 16 Oct 77d
0.45 15 Jan 168d

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.

20
23
25
28
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
96 / 96
  • 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

Multi-expiry position-maintenance candidate

65/100
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 Bullish flow confirms price

Options pressure and weekly price action are pointing in the same constructive direction.

Why this matters

Multi-expiry position-maintenance candidate matters because it connects the options headline to the actual evidence: $12232 of estimated gross traded notional, calls · 46-90 days · itm, and a bullish flow confirms price backdrop. Use it as a research priority signal, then validate the chart, liquidity, event calendar, and risk before acting.

Options pressure+64
1W price+6.3%
Call premium82%
Put premium18%
Notional split C 82% / P 18% 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 2/100 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 · 46-90 days · ITM
Calls · 46-90 days · ITM calls cluster with 27 contracts traded, $9382 estimated gross traded notional, and 77% of visible notional.
$9382
Puts · 46-90 days · ATM puts cluster with 12 contracts traded, $2190 estimated gross traded notional, and 18% of visible notional.
$2190
Calls · 8-21 days · ATM calls cluster with 4 contracts traded, $440 estimated gross traded notional, and 4% of visible notional.
$440
Calls · 46-90 days · OTM calls cluster with 4 contracts traded, $150 estimated gross traded notional, and 1% of visible notional.
$150
Calls · 8-21 days · OTM calls cluster with 4 contracts traded, $70 estimated gross traded notional, and 1% of visible notional.
$70

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 Crowded strike risk

Underlying price is close to the max-pain zone.

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
Close23.03
1W+6.3%
RS-24.8
Fair value-22.2%
Options pressure64
Speculation4
Volatility64
Trend fit2

Today Versus Normal

Stored-options context

View history
Expected move 9.2% history building
30d avg - · 3/10 sessions -
90d avg - · 3/30 sessions -
180d avg - · 3/60 sessions -
IV 0.39 history building
30d avg - · 3/10 sessions -
90d avg - · 3/30 sessions -
180d avg - · 3/60 sessions -
Put-call 0.31 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 10:52 Volatility
Pressure 100
Move 15.5%
30 Jul 10:43 Bullish
Pressure 55
Move 13.7%
31 Jul 10:30 Bullish
Pressure 53
Move 8.8%
31 Jul 13:48 Bullish
Pressure 63
Move 11.2%
31 Jul 16:55 Bullish
Pressure 57
Move 7.4%
1 Aug 19:18 Bullish
Pressure 64
Move 9.2%

Strike Map

Where activity is clustering

Full strike map
Strike12.50
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike15.00
Calls · V 0 · OI 0
Puts · V 0 · OI 2
Strike17.50
Calls · V 0 · OI 0
Puts · V 0 · OI 3
Strike20.00
Calls · V 0 · OI 8
Puts · V 0 · OI 55
Strike22.50
Calls · V 4 · OI 1562
Puts · V 0 · OI 59
Strike25.00
Calls · V 4 · OI 1178
Puts · V 0 · OI 0
Strike27.50
Calls · V 0 · OI 228
Puts · V 0 · OI 0
Strike30.00
Calls · V 0 · OI 21
Puts · V 0 · OI 0

Term Structure

Expiration activity

Volume and IV
Expiry21 Aug 2026
Contracts18
Avg IV0.39
Put-call-
Expiry18 Sep 2026
Contracts16
Avg IV0.36
Put-call-
Expiry16 Oct 2026
Contracts40
Avg IV0.32
Put-call0.43
Expiry15 Jan 2027
Contracts22
Avg IV0.45
Put-call-

Skew

Call/put IV balance

OTM demand
21 Aug 2026Call IV premium
Call IV0.34
Put IV0.07
Skew-0.26
18 Sep 2026Balanced skew
Call IV0.32
Put IV0.33
Skew0.01
16 Oct 2026Balanced skew
Call IV0.47
Put IV0.52
Skew0.05
15 Jan 2027Balanced skew
Call IV0.44
Put IV0.48
Skew0.04

Contract Tape

Most active contracts

Full contract tape
ContractOPCH261016C00020000
SideCall
Expiry16 Oct 2026
Strike20.00
Volume27
OI1608
IV0.34
ContractOPCH261016P00022500
SidePut
Expiry16 Oct 2026
Strike22.50
Volume12
OI234
IV0.52
ContractOPCH260821C00022500
SideCall
Expiry21 Aug 2026
Strike22.50
Volume4
OI1562
IV0.36
ContractOPCH260821C00025000
SideCall
Expiry21 Aug 2026
Strike25.00
Volume4
OI1178
IV0.34
ContractOPCH260918C00025000
SideCall
Expiry18 Sep 2026
Strike25.00
Volume3
OI6
IV0.32
ContractOPCH261016C00030000
SideCall
Expiry16 Oct 2026
Strike30.00
Volume1
OI937
IV0.42
ContractOPCH261016C00035000
SideCall
Expiry16 Oct 2026
Strike35.00
Volume-
OI5025
IV0.36
ContractOPCH261016C00025000
SideCall
Expiry16 Oct 2026
Strike25.00
Volume-
OI407
IV0.08