BTSGU BrightSpring Health Services, Inc. Tangible Equity Unit

XNAS
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Stock quote, options chain, IV rank, technicals, AI analysis, and institutional ownership. Iron condor setups Fibonacci levels Insider trading

Market data may be delayed, incomplete, or inaccurate. Not a recommendation to buy, sell, or hold any security. Verify quotes with your broker before trading. See Terms §17.

BTSGU — —
Key stats
About
Industry (SIC)
SERVICES-HOME HEALTH CARE SERVICES (8082) · industry map
Exchange
XNAS
Employees
23,500
List Date
2024-01-26
CIK
0001865782
Headquarters
Louisville, KY
Homepage
https://www.brightspringhealth.com

BrightSpring Health Services Inc is a home and community-based healthcare services platform, focused on delivering complementary pharmacy and provider services to complex patients. Its platform delivers clinical services and pharmacy solutions across Medicare, Medicaid, and commercially insured populations. Its segments include Pharmacy Solutions, Provider Services, and others. It generates the majority of its revenue from the Pharmacy Solutions segment.

Summary
—
composite
—
No summary data available for this symbol yet.

Each spoke is this symbol's rank within its sector (0–100; the dotted ring marks the sector median at 50). Higher is more constructive for a long. One spoke — News sentiment — is an absolute reading, not a sector rank. Grayed spokes have no data. A fuller shape is a summary, not a recommendation.

Chart
Seasonality
'24'25'26Avg
Jan1.33%29.46%3.17%11.32%
Feb-17.70%-17.64%1.85%-11.16%
Mar17.73%-2.88%1.89%5.58%
Apr-3.48%-4.32%9.23%0.48%
May6.24%30.58%16.00%17.61%
Jun1.49%-1.32%15.13%5.10%
Jul6.43%-9.14%-12.50%-5.07%
Aug2.44%16.35%-4.65%4.71%
Sep14.03%21.77%-3.36%10.81%
Oct-0.96%7.73%10.48%*5.75%
Nov13.46%8.75%--11.11%
Dec-10.11%3.14%---3.48%
Total28.31%98.59%39.12%55.34%
* Only 3 year(s) of data available.
Technical Indicators

Quick-reference for reading the values below. Indicators combine to confirm a view — no single one is a trade signal on its own.

Trend Indicators
  • SMA 20 / 50 / 200 — price above = uptrend, below = downtrend. SMA 50 crossing SMA 200 is the golden/death cross.
  • EMA 12 / 26 — faster-reacting averages; 12 above 26 is short-term bullish.
  • MACD — bullish when MACD > signal (green badge), bearish when below. Divergence from price often precedes reversals.
  • ADX (14) — trend strength regardless of direction. <20 range, 20–25 weak trend, 25–50 trend, >50 strong trend.
  • +DI / −DI — +DI > −DI favors bulls; the reverse favors bears. Read alongside ADX.
Momentum Oscillators
  • RSI (14) — <30 oversold, >70 overbought. 40–60 is neutral; trending names can stay extreme.
  • Stochastic %K / %D — <20 oversold, >80 overbought. %K crossing %D is an early momentum signal.
  • Williams %R — inverted scale: <−80 oversold, >−20 overbought.

Oscillators work best in range-bound markets; in strong trends they give premature reversal signals.

Volume & Volatility
  • Bollinger Bands — price at upper band = overbought, lower = oversold. Narrow bands (squeeze) often precede expansion.
  • OBV — cumulative volume; rising OBV confirms uptrend, falling OBV confirms downtrend. Divergence from price is a warning.
  • Vol SMA 20 / Vol ROC — today's volume vs. 20-day average. Positive ROC with price move = conviction.
  • ATR / True Range — average daily $ move; sizing and stop-loss reference.
  • HV 20 / 30 / 60 — realized (historical) volatility. Compare to IV on the options cards: IV > HV = rich premium.

Confluence matters: trend + momentum + volume agreeing carries far more weight than any single indicator. For how these feed the spread scanner score, see the algorithm docs →

Trend Indicators

SMA 20: $195.54
SMA 50: $197.76
SMA 200: $173.47
Current: $207.52
EMA 12: $201.56
EMA 26: $199.33
MACD: 2.2286 | Signal: 1.6027
BULLISH
ADX (14): 16.49
RANGE
+DI: 42.02
−DI: 41.32

Momentum Oscillators

RSI (14): 57.33
NEUTRAL
Stoch %K: 75.13
Stoch %D: 67.82
Williams %R: -14.96

Volume & Volatility

BB Upper: $214.52
BB Lower: $176.56
NEUTRAL
OBV: 4,491,394
Vol SMA 20: 2,852
Vol ROC: -1.07%
ATR: $5.51
True Range: $2.55
HV 20: 44.0%
HV 30: 42.5%
HV 60: 56.2%

Data Summary

Data Points: 500
Last Updated:
Date Range: 2024-08-20T00:00:00 – 2026-10-21T00:00:00
AI Analysis

LLM Stock Analysis Report: BTSGU

Executive Summary

Overall Assessment: NEUTRAL (confidence level 6/10)

Key Drivers:

  • Technical indicators suggest a neutral trend, with the stock trading near the middle Bollinger Band
  • Recent news headlines have been neutral, with no significant market-moving events
  • Risk metrics indicate high volatility, but beta is relatively stable

Primary Risks:

  • High volatility may lead to increased uncertainty and potential sharp price movements
  • Lack of clear technical or fundamental catalysts may result in consolidation or sideways trading

Investment Thesis: BTSGU appears to be in a holding pattern, with no strong fundamental or technical drivers pushing the stock significantly higher. As such, investors should prioritize risk management and position sizing considerations.

Recent News Sentiment Impact: Neutral news headlines have had little impact on the stock's price movement, suggesting that market participants are not strongly reacting to recent events.

Technical Analysis

Trend Direction: Short-term (1-4 weeks): NEUTRAL; Medium-term (1-3 months): NEUTRAL; Long-term (3-12 months): BULLISH

Support/Resistance Levels:

  • Upper Bollinger Band: $210.75
  • Middle Bollinger Band: $195.98
  • Lower Bollinger Band: $181.20

Momentum Signals:

  • RSI interpretation: NEUTRAL (63.54)
  • MACD signal: BULLISH (8.61 / Signal: -0.37 / Histogram: 8.98)
  • Bollinger Bands position: NEUTRAL

News & Sentiment Analysis

Recent Headlines Summary: Neutral news headlines have been published, with no significant market-moving events.

Sentiment Assessment: Aggregate news sentiment is NEUTRAL (5/6).

Catalyst Identification: No imminent earnings or major product launches expected in the near term.

Market Narrative: Recent news has had little impact on the stock's price movement, suggesting that market participants are not strongly reacting to recent events.

Risk & Volatility Assessment

Beta Interpretation: High risk relative to the market (beta 1.24).

Volatility Regime: High volatility regime (stock moves more than the market).

Options Market Signals: No options data available.

Downside Protection: Support levels are present, but caution is advised due to high volatility and potential for sharp price movements.

Market Context & Positioning

Sector Performance: BTSGU is outperforming its sector peers.

Institutional Activity: Institutional activity is moderate, with no clear trends or patterns emerging.

Correlation Analysis: BTSGU has a relatively low correlation with the market (R-squared 0.39).

Relative Valuation: The stock appears reasonably valued within its trading range.

Key Levels & Action Items

Critical Price Levels:

  • Upper Bollinger Band: $210.75
  • Middle Bollinger Band: $195.98
  • Lower Bollinger Band: $181.20

Breakout/Breakdown Levels: None notable in the short term.

Time-Sensitive Catalysts: No imminent earnings or major product launches expected in the near term.

Risk Management: Stop-loss levels should be set to account for potential price movements, and position sizing considerations are advised due to high volatility.

Generated
News
All BTSGU news →
Showing 1–10 of 29
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BTSGU Options Activity & IV Rank

Loading options activity...
Spread Scanner GPU
Full Algorithm Docs ↗

Each spread is ranked by a composite score built in three stages. Full documentation →

Stage 1 — Base Score (GPU scanner)

score = P(profit) × (credit / spread_width)
P(profit) from short leg delta (1 − |delta|), penalised above 85%. Credit uses mid-price to handle illiquid chains fairly.

Stage 2 — Skew Adjustment (±25% cap)

RR and BF (30-delta) from the persisted per-symbol skew snapshot — wing strikes picked by real greeks.delta, not a moneyness proxy. Put skew boosts bull puts, penalises bear calls. High butterfly boosts iron condors. Calendars are skew-neutral.

Stage 3 — Technical Overlay (±50% cap, 5 groups)
Group 1 · Directional Bias (±0.25)
  • RSI <40 bullish / >60 bearish
  • MACD crossover + histogram trend
  • Price vs SMA 50 & SMA 200
Group 2 · Momentum (±0.10)
  • Stochastic %K <20 / >80
  • Williams %R <−80 / >−20
Group 3 · Volatility (up to −0.25 / +0.15)
  • Blended ATR + straddle expected-move penalty
  • Bollinger Band signal (+ counter-trend penalty)
  • BB width — vol contraction boost for ICs
Group 4 · IV Regime (±0.15)
  • IV rank ≥ 75 → strong boost for credit spreads
  • IV rank < 25 → penalty (selling cheap vol)
Group 5 · Liquidity (penalty up to −0.10)
  • Min open interest across all legs
  • OI < 100 → −0.10 · OI < 500 → −0.05

score = base_score × skew_multiplier × tech_multiplier
Both multipliers are shown per spread. Beta is informational only — ATR already captures realized vol. Full algorithm documentation →

Enter a ticker to scan for optimal spread opportunities.

Evaluates all bull put, bear call, iron condor, and calendar spread combinations using GPU-accelerated analysis.

Skew (Wing IV − ATM IV)
DTE:
Wing Δ:
Metric:
Wing vs ATM
IV(put wing) − IV(ATM), in vol points

How much the OTM put trades above (or below) the at-the-money strike. Measures the height of the put-side tail relative to ATM — i.e. how expensive crash insurance is on this name.

  • Positive (typical) — wing IV > ATM IV. Standard equity put skew: portfolios bid up crash protection, so OTM puts trade richer than ATM.
  • Near zero or negative (unusual) — wing IV ≤ ATM IV. Flat or inverted put side. Common when there's no fear demand, in tightly mean-reverting names, or right after an earnings catalyst clears.
  • Percentile vs own 3-yr history: high = wings rich (good time to sell wing premium); low = wings cheap (good time to buy protection).
  • Not directional — high or low wings don't predict up or down moves. It's a price tag on tail insurance, not a forecast.
Risk Reversal
IV(call wing) − IV(put wing), equal delta on each side

Which side of the smile is the market paying up for? Measures the tilt of the surface — call skew vs put skew at matched deltas.

  • Negative (typical) — puts richer than calls. Standard equity behavior: hedging demand makes puts carry a premium. Most large-caps sit in the −1 to −5 vol-point range.
  • Strongly negative (< −5 pts) — heavy downside hedging, elevated fear, or an upcoming catalyst (earnings, FDA, macro event). Worth flagging.
  • Positive — calls richer than puts. Unusual for equities; signals bullish momentum, short-squeeze positioning, or takeover/M&A speculation.
  • Near zero — symmetric surface. Market sees roughly equal up/down risk. Rare for large-caps; more common in commodities and FX.
Reading them together

Wing-vs-ATM tells you how expensive the tails are. Risk Reversal tells you which side is favored. Combined:

  • High wing percentile + deeply negative RR → strong put bid; stress or major event priced in. Owning protection costs a premium; selling put premium is dangerous.
  • Low wing percentile + near-zero RR → complacency; insurance cheap and balanced. Good environment to add cheap downside hedges.
  • Positive RR + elevated wings → call-side fear-of-missing-out; common in squeeze setups. Upside calls expensive, downside puts not bid.
14 DTE / 10d —
— pts EXTREME
ATM — / Wing —
30 DTE / 10d —
— pts EXTREME
ATM — / Wing —

Percentile is the rank of today's reading within ~3 years of this symbol's own history. High percentile = wings are rich relative to history; not a directional signal. Skew is read off the chain in real time, not from CBOE SKEW.

Volatility Surface

Enter a ticker to render the implied volatility surface.

Volatility Smile

Enter a ticker to render the implied volatility smile.

IV Rank (7 DTE)
IV Rank (30 DTE)
Straddle Price (30 DTE)
Beta Analysis

Risk Metrics

Beta: 1.0439
Alpha: 69.84%
Correlation: 0.3133
R-Squared: 9.8%
Stock Volatility: 43.7%
Market Volatility: 13.1%

Analysis Details

Benchmark: SPY
Data Points: 228
Period: 252 trading days
Interpretation:
Above average volatility - stock moves with market amplification
Beta & Alpha Over Time
Notable investors who own BTSGU
1 of 37 tracked investors
InvestorValueShare of their portfolioRankQ/Q sharesSource
Point72 Hedge fund
Steve Cohen
$11.8M
0.02%
#715 of 19450.0%13F

Hedge funds, activists, holding companies and family offices we track, from their latest 13F (quarter-end value) and Form 4 filings in the last 3 years. Family offices · all institutions

BTSGU Institutional Ownership (13F)

Latest filings — 2026-09-30

Institutional managers with $100M+ AUM file Form 13F-HR quarterly, due 45 days after quarter end. Holdings are reported gross at quarter-end market value — they are a snapshot, not a real-time position.

  • Shares — long equity positions in this name, aggregated across share classes.
  • Calls / Puts — notional value of long call / put exposure where this ticker is the underlying.
  • % of Float — holder's reported shares divided by the latest diluted shares outstanding. Sums above 100% indicate large custodian / prime broker positions where the same shares are reported by multiple filers.
  • Custodian badge — filers with more than 5,000 holdings are typically broker-dealers / custodians reporting customer-held shares, not active managers.

Each filer is counted once at its latest 13F-HR filing. New filings are ingested on a weekly cadence.

32 filers2,847,315 shares$647.13M value
# Filer Shares Value % of Total % of Float Period
1 VOYA INVESTMENT MANAGEMENT LLC 1,179,745 $270.10M 41.74% — 2026-06-30
2 BlackRock, Inc. Custodian 492,369 $112.73M 17.42% — 2026-06-30
3 Calamos Advisors LLC 301,602 $69.05M 10.67% — 2026-06-30
4 Van Eck Associates Corp 200,132 $40.43M 6.25% — 2026-06-30
5 INFRASTRUCTURE CAPITAL ADVISORS, LLC 107,734 $24.67M 3.81% — 2026-06-30
6 LORD, ABBETT & CO. LLC 97,932 $22.53M 3.48% — 2026-06-30
7 FMR LLC Custodian 94,400 $21.83M 3.37% — 2026-06-30
8 SSI INVESTMENT MANAGEMENT LLC 64,412 $14.89M 2.30% — 2026-06-30
9 WOLVERINE ASSET MANAGEMENT LLC 54,193 $12.50M 1.93% — 2026-06-30
10 Point72 Asset Management, L.P. 51,150 $11.80M 1.82% — 2026-06-30
11 GABELLI FUNDS LLC 39,600 $9.07M 1.40% — 2026-06-30
12 BlueCrest Capital Management Ltd 28,435 $6.51M 1.01% — 2026-06-30
13 ADVENT CAPITAL MANAGEMENT /DE/ 26,427 $6.12M 0.95% — 2026-06-30
14 Ameriprise Financial, Inc. Custodian 23,000 $5.29M 0.82% — 2026-06-30
15 Invesco Ltd. Custodian 18,000 $4.12M 0.64% — 2026-06-30
16 Jane Street Group, LLC Custodian 15,947 $3.65M 0.56% — 2026-06-30
17 Elequin Capital, LP 14,046 $3.23M 0.50% — 2026-06-30
18 CSS LLC/IL 6,014 $1.39M 0.21% — 2026-06-30
19 Barclays PLC Custodian 6,039 $1.38M 0.21% — 2026-06-30
20 HRT FINANCIAL LP 4,751 $1.09M 0.17% — 2026-06-30
21 Susquehanna International Group, LLP Custodian 4,445 $1.02M 0.16% — 2026-06-30
22 UBS Group AG Custodian 3,967 $908.25K 0.14% — 2026-06-30
23 GAMCO INVESTORS, INC. ET AL 3,000 $686.85K 0.11% — 2026-06-30
24 Central Pacific Bank - Trust Division 2,980 $561.64K 0.09% — 2026-09-30
25 Virtu Financial LLC 1,883 $431.00K 0.07% — 2026-06-30
# Filer Notional Value % of Total Period
# Filer Notional Value % of Total Period

BTSGU Insider Trading (Form 4)

Latest: 2026-06-22
Form 4 filings — insider beneficial-ownership changes by officers, directors, and 10%+ holders. Filed within 2 business days of transaction.
Filed Reporter Role Action Shares Avg Price Net $ Link
2026-06-22 Scott A. Greenwell President, PharMerica Tax (F) −2,487 $66.25 -$164.8K EDGAR
2026-06-12 Nigam H. Shah Director Award (A) +4,013 — EDGAR
2026-06-05 Jennifer A Phipps Chief Financial Officer Mixed — $32.56 -$1.83M EDGAR
2026-06-05 Lisa A Nalley See Remarks Mixed — $32.56 -$1.83M EDGAR
2026-06-05 Jon B Rousseau See Remarks Mixed — $32.56 -$13.62M EDGAR
2026-06-05 KKR Phoenix Aggregator GP LLC 10%+ Owner Mixed −75,272,845 $58.45 -$4.29B EDGAR
2026-06-05 KKR Management LLP 10%+ Owner Mixed −105,381,983 $58.45 -$6.00B EDGAR
2026-05-07 Steven B Miller Director Award (A) +4,983 — EDGAR
2026-05-07 Timothy A Wicks Director Award (A) +4,983 — EDGAR
2026-05-07 Olivia F Kirtley Director Award (A) +4,983 — EDGAR
2026-04-28 Jon B Rousseau See Remarks Tax (F) −16,222 $48.16 -$781.3K EDGAR
2026-03-24 Jon B Rousseau See Remarks Gift (G) — — EDGAR
2026-03-06 Scott A. Greenwell President, PharMerica Award (A) +20,020 — EDGAR
2026-03-06 Robert Allen Barnes President, Community Living Grant (A) +38,275 opt — EDGAR
2026-03-06 Lisa A Nalley See Remarks Mixed +21,354 $23.76 -$1.04M EDGAR
Codes: P = open-market purchase · S = open-market sale · A = grant/award · M = option exercise · F = tax withholding at vest · G = bona-fide gift · D = disposition to issuer · J = other (described in filing footnote — typically 401(k), trust, inheritance) · W = will/inheritance. Only P / S codes carry directional signal.

BTSGU Insider Holdings

17 insiders · @ $207.52
Officers, directors, and 10%+ owners who have filed a Form 4 in the past two years, ranked by current disclosed exposure (shares × today's price). Shares are direct + indirect (via trusts / LLCs / spouse). Excludes unvested RSU and option grants — those aren't beneficially owned until vest.
# Insider Role Shares Disclosed Exposure Lifetime OM Net Filings Last Filed
1 KKR Group Holdings Corp. 10%+ Owner 79,196,337 $16.43B -$1.97B 1 2025-06-16
2 KKR & Co. Inc. 10%+ Owner 77,096,337 $16.00B -$310.93M 1 2025-06-26
3 KKR Management LLP 10%+ Owner 27,154,488 $5.64B -$8.97B 2 2026-06-05
4 KKR Phoenix Aggregator GP LLC 10%+ Owner 27,154,488 $5.64B -$5.69B 2 2026-06-05
5 WALGREEN CO 10%+ Owner 11,239,996 $2.33B -$3005642.62B 2 2025-02-20
6 Jon B Rousseau See Remarks 1,194,503 $247.88M -$41.75M 20 2026-06-05
7 Jennifer A Phipps Chief Financial Officer 250,224 $51.93M -$3.74M 8 2026-06-05
8 Michael A McMaude See Remarks 207,590 $43.08M -$2.59M 3 2025-06-13
9 Lisa A Nalley See Remarks 166,948 $34.65M -$4.18M 8 2026-06-05
10 James F Mattingly Jr See Remarks 122,665 $25.46M $150.7K 4 2025-01-28
Lifetime OM Net = signed sum of open-market buys (P) and sells (S) over their career; excludes grants, tax withholdings, and dispositions to issuer. A large negative number is normal for long-tenured executives — they've sold compensation grants over many years.
ETF Holders
2 ETFs hold BTSGU
2 shown · $853.02K total exposure · 0.67% AUM-weighted avg weight
# ETF Provider Weight $ Exposure ETF AUM As Of
1 FCVT First Trust SSI Strategic Convertible Securities ETF First Trust 0.67% $533,452 $79.8M 2026-10-20
2 CVRT Calamos Convertible Equity Alternative ETF Nport 0.52% $319,567 — 2026-07-31
Fundamentals

Quarterly filings sourced from SEC 10-Q / 10-K reports. TTM tiles aggregate the most recent four quarters; bars show the last ~12 quarters oldest → newest.

Metrics
  • Revenue — top-line sales. Look for consistent YoY growth; seasonal businesses need same-quarter comparisons (Q4 '24 vs Q4 '23).
  • Net Income — bottom-line profit after all expenses. Can be volatile from one-time items; red bars = net loss.
  • Diluted EPS — net income per share assuming options/converts are exercised. Direct input to the P/E ratio.
  • Operating Cash Flow — cash generated from core operations, before capex and financing. Harder to manipulate than net income; growing OCF is a quality signal.
How to read the bars
  • Sequential growth — quarter-over-quarter trend. Accelerating bars are a momentum signal.
  • YoY growth — compare to the same quarter a year earlier to remove seasonality.
  • Quality — OCF should roughly track Net Income over time. Large divergence (net income ≫ OCF) flags accruals risk.
  • Margins — scan the bar ratios: Net Income / Revenue tells you margin trend without needing a separate chart.

TTM (trailing-twelve-month) smooths seasonality and is used for the P/E calculation. Filings appear 30–90 days after the period closes.