Options/GH

GHGuardant Health, Inc. Common Stock

Options Analysis Report•SERVICES-MEDICAL LABORATORIES

Market Cap $21.7B|NASDAQ

● 2026-08-31$161.50

BEARISH

Analysis: 2026-08-28 EOD data

1Y +142.8%YTD +58.7%7D -1.0%

Options Vol

8,272

30D

Implied Move

±15.1%

IV Rank

15%

GH Options Overview

IV is elevated with bearish flow and unusual activity. Conditions favor premium sellers.

REWARDS

RISK ANALYSIS

Snowflake Analysis

Favorable conditions for premium sellers

Learn

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GH Gamma Walls

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Value

Is IV priced right?

6.3

ExpensiveCheap

Measures whether options are cheap, fair, or rich relative to historical and peer

levels.

Risk Checks4/9 checks passed

IV Rank

≤35%

IV Rank 80.8% — elevated vs history

IV/HV Ratio

<1.05x

IV/HV 1.22x — IV premium over HV

Sector Relative≤50%

Sector percentile 55% — above sector median

Term Structure

<1.1x

Front/Back 0.92x — contango

Skew Normal

<1.25x

Put/Call IV 1.16x — elevated

Absolute IV

<80%

ATM IV 56.0% — normal range

Spread-Adjusted Value

<80%

Effective IV 88.3% (ATM 56.0% + spread 16.1% + bias) — expensive

Execution Efficiency

<3.0%

Total drag 23.61% (spread 16.13% + slippage 7.48%) — high friction

Vega Efficiency

≥5.0

Vega efficiency 9.47 (vega 15.269 / spread 16.13%) — efficient

Sentiment

Bullish or bearish?

0.9

BearishBullish

Analyzes

put/call ratios

open interest skew

, and flow direction to determine market bias.

Risk ChecksVery Bearish - Moderate signal (Conviction: -96%, Raw: -93%)

Flow Direction

|net sentiment| ≥25%

Conviction-weighted: -96% (strong bearish) — Raw: -93%

OI Skew Magnitude

≥15%

|OI skew| 6.5% — balanced

Volume-OI Alignment

Same sign, |vol skew| ≥10%

Vol skew -74.9%, OI skew +6.5% — divergent (opposite)

Conviction Quality

≥2/3 conditions

0-DTE 0%, far-OTM 15%, avg DTE 30

OI Momentum

|change| ≥3%

OI change +0.0% (5d) — stable

Smart Money Flow

|weighted flow| ≥20%

ITM: -81%, ATM: -98%, OTM: -91% — strong bearish (ITM/ATM aligned)

Sector Relative≤40% or ≥60%

Sector P/C percentile 93% — very bearish vs sector

Activity

Unusual activity?

8.6

QuietActive

Detects volume surges,

block trades

, and unusual options activity that may signal moves.

Risk Checks7/8 checks passed

Volume Surge

≥1.5x

Volume 7.1x avg — hot

Turnover Rate

≥15%

Vol/OI 47.7% — high turnover

Multi-Day Persistence

≥2 days

2 day(s) elevated — sustained

OI Build

≥5%

OI change +12.4% (5d) — building

Sector Relative≥60%

Sector activity percentile 99% — very active vs sector

Trade Quality

≥30%

Large trade volume 83% — heavy institutional

Execution Urgency

≥60%

Aggressive execution 49% — patient

Flow Conviction

≥30

Conviction -96 (bearish) — strong conviction

Liquidity

Can I trade efficiently?

3.1

IlliquidLiquid

Evaluates

bid-ask spreads

, volume depth, and open interest for trade execution quality.

Risk Checks2/8 checks passed

Tradeable Spread

≤5.0%

Spread 16.1% — wide

Adequate OI

≥10,000

OI 17,330 — adequate

Active Volume

≥500

Volume 8,272/day — active

Reasonable Cost

≤$0.50

$0.81 to cross — expensive

Strike Coverage

≥5 strikes

0 liquid strikes — limited options

Sector Relative≤40%

Sector spread percentile 81% — much wider than sector

Order Book Depth

≥100 contracts

Depth 49.4 contracts (bid:24.5 ask:24.9) — thin

Execution Quality

<1.0%

Avg slippage 7.48% — poor

Timing

Is now a good time?

7.9

RiskyFavorable

Considers earnings proximity,

time decay

, and event calendar for optimal entry timing.

Risk Checks8/9 checks passed

Term Structure Clarity

|slope| ≥5%

Slope -7.9% — contango

IV Percentile Clarity

<30 or >70

IV percentile 81% — seller opportunity

Event Detection

≥10pts kink

IV kink -2.0pts — no clear event

Theta/Vega Clarity

<0.5 or >2.0

θ/ν ratio 73.48 — favors income trades

Expiration Distribution

≥3 expirations

3 liquid expirations — flexible

Event Risk

≥60% (safe)

safe window: No events detected

Spread Momentum

<1.2 ratio

Spread ratio 1.00x — stable

Flow Momentum

≥25% strength + ≥50% consistency

Flow -96% @ 98% consistency — STRONG directional (bearish)

Smart Money Timing

≥40 composite score

Score 113 (ITM 20% + inst 83%) — HIGH institutional

Directional Strategy Fit

Option Buyers

Long Calls4.2

bullishIV cheap, bearish flow

Long Puts8.0

bearishIV cheap, bearish flow

Premium Sellers

Cash-Secured Put3.2

bullishIV too cheap, bearish flow

Covered Call6.1

bearishIV too cheap, bearish flow

For educational purposes only. Not investment advice.

The Options Desk tracks the move options price into every US earnings report the week of Aug 31, next to how much each stock has actually moved on its past prints — plus the SPY, QQQ and IWM expected ranges and the gamma walls that box them in.

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