Primary read
Mixed
Options-market disagreement
Ticker Options Intelligence
RNG options intelligence
Ringcentral Inc options pressure, expected move, strike concentration, and Sharemaestro trend context.
Conviction
48
Market data through 31 Jul 2026
Checked 2 Aug 2026 18:58 · complete available chain
Options-market disagreement
Mixed pressure
RNG currently carries mixed options pressure with a 48/100 conviction score. The nearest-chain expected move is 6.8%, with volume/open-interest participation at 0.06.
Expected move
6.8%
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
98
Options agree with trend context
Weekly backdrop
+15.1%
RS 49.7
Expected move
6.8%
Put-call volume
0.66
Volume / OI
0.06
Reference IV
0.62
Max pain
51.00
Underlying
55.62
Nearest expiry
7 Aug 2026
Contracts
682
Research Brief
RNG has a mixed chain read with 48/100 evidence alignment.
The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 51.85–59.39; The largest call open-interest concentration is 50.00; the largest put concentration is 52.50. The most active strike by current volume is 52.00.
Priced range51.85–59.39
Call concentration50.00
Put concentration52.50
Max pain reference51.00
- A clear directional pressure reading develops and price begins to agree.
- The current chain read already agrees with the stored weekly trend context.
- Volatility falls and the chain remains directionally mixed.
Priced Move
Where the chain says movement becomes exceptional
Options imply 51.85 to 59.39. Max pain at 51.00 lies outside the priced range, so it is a weak near-term anchor.
Spot
Max pain
51.8555.62 ± 3.7759.39
Confirmation level
A close beyond 59.39 or below 51.85 at the 7 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 48/100
Pressure is 14/100 toward calls; conviction uses its strength, while the signal label carries its direction.
Directional pressure14 × 42%
+6.1
How strongly activity leans toward calls or puts.
Participation42 × 22%
+9.1
Volume relative to existing open interest and contract-level activity.
Trend agreement98 × 26%
+25.6
How closely the chain read agrees with the underlying trend backdrop.
Volatility71 × 10%
+7.1
The intensity of implied volatility and the priced move.
Positioning by Strike
Where open interest and current activity concentrate
The largest call open-interest concentration is 50.00; the largest put concentration is 52.50. The most active strike by current volume is 52.00. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.
Put open interestStrikeCall open interest
33
40.00-28.1%
6
25
45.00-19.1%
1
89
46.00-17.3%
4
47
47.00-15.5%
0
19
48.00-13.7%
3
65
49.00-11.9%
79
90
50.00-10.1%
121
47
51.00-8.3%
110
48
52.00-6.5%
101
145
52.50-5.6%
3
59
53.00-4.7%
26
12
54.00-2.9%
12
30
55.00-1.1%
53
3
57.002.5%
31
17
59.006.1%
18
3
60.007.9%
84
0
61.009.7%
16
Nearest spot strike Max pain strikeBars show relative OI within this expiry
Volatility Curve
Balanced volatility curve
Near- and longer-dated implied volatility are broadly aligned; no exceptional front-expiry premium is visible.
0.62
7 Aug
7d
0.61
14 Aug
14d
0.61
21 Aug
21d
0.59
28 Aug
28d
0.61
4 Sep
35d
0.61
11 Sep
42d
0.61
18 Sep
49d
0.61
16 Oct
77d
Volatility by Strike
Balanced wings
Comparable upside calls and downside puts carry broadly similar implied volatility.
45
46
47
48
50
51
52
53
53
54
56
57
58
59
60
61
62
64
64
65
66
Put IV Call IV
Historical Replay
How matured reads behaved through expiry
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
High
Retained chain100%
Implied volatility100%
Two-sided quotes100%
Open interest100%
- Chain status
- Complete available chain
- Market date
- 31 Jul 2026
- Calculation
- v2.0
- Contracts
- 682 / 682
- 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
Options activity is concentrated around a live event window, so the cleanest read is event positioning rather than pure direction.
The options read is mixed, so divergence is not strong enough to classify.
Earnings/event positioning matters because it connects the options headline to the actual evidence: $347473 of estimated gross traded notional, calls · 91+ days · itm, and a no clean flow/price divergence backdrop. Use it as a research priority signal, then validate the chart, liquidity, event calendar, and risk before acting.
Options pressure+14
1W price+15.1%
Call premium83%
Put premium17%
Notional split
C 83% / P 17%
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
98/100
Agreement between options pressure and Sharemaestro market context.
Event window
4 Aug
Matched earnings event is 1 days away.
Aggregate chain data does not identify trade aggressor or opening versus closing activity; call/put concentration is not proof of market direction.
Calls · 91+ days · ITM
calls cluster with 66 contracts traded, $120070 estimated gross traded notional, and 35% of visible notional.
$120070
Calls · 0-7 days · ITM
calls cluster with 217 contracts traded, $97782 estimated gross traded notional, and 28% of visible notional.
$97782
Puts · 91+ days · OTM
puts cluster with 31 contracts traded, $22165 estimated gross traded notional, and 6% of visible notional.
$22165
Calls · 46-90 days · ATM
calls cluster with 24 contracts traded, $12960 estimated gross traded notional, and 4% of visible notional.
$12960
Calls · 8-21 days · ATM
calls cluster with 39 contracts traded, $12640 estimated gross traded notional, and 4% of visible notional.
$12640
Setup Classification
Opportunity and risk frame
Positioning agrees with the Sharemaestro trend backdrop.
The tape is pricing or displaying unusually elevated activity.
Expected move or upcoming earnings makes the setup more event-sensitive.
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
Close55.62
1W+15.1%
RS49.7
Fair value+73.0%
Options pressure14
Speculation42
Volatility71
Trend fit98
Today Versus Normal
Stored-options context
30d avg - · 3/10 sessions
-
90d avg - · 3/30 sessions
-
180d avg - · 3/60 sessions
-
30d avg - · 3/10 sessions
-
90d avg - · 3/30 sessions
-
180d avg - · 3/60 sessions
-
30d avg - · 3/10 sessions
-
90d avg - · 3/30 sessions
-
180d avg - · 3/60 sessions
-
30d avg - · 3/10 sessions
-
90d avg - · 3/30 sessions
-
180d avg - · 3/60 sessions
-
Pressure Trail
Recent pressure and volatility
29 Jul 10:51
Mixed
Pressure 17
Move 18.4%
30 Jul 09:32
Volatility
Pressure -34
Move 8.4%
30 Jul 20:18
Volatility
Pressure -27
Move 13.1%
30 Jul 20:54
Volatility
Pressure -27
Move 13.1%
31 Jul 13:08
Volatility
Pressure -49
Move 7.8%
31 Jul 16:02
Mixed
Pressure -7
Move 13.6%
31 Jul 17:05
Mixed
Pressure -7
Move 13.7%
31 Jul 18:26
Mixed
Pressure -5
Move 15.9%
Strike Map
Where activity is clustering
Strike24.00
Calls · V 0 · OI 0
Puts · V 0 · OI 9
Strike25.00
Calls · V 0 · OI 0
Puts · V 0 · OI 9
Strike27.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike28.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike29.00
Calls · V 0 · OI 1
Puts · V 0 · OI 4
Strike30.00
Calls · V 0 · OI 0
Puts · V 0 · OI 8
Strike31.00
Calls · V 0 · OI 0
Puts · V 0 · OI 15
Strike32.00
Calls · V 0 · OI 0
Puts · V 0 · OI 12
Term Structure
Expiration activity
Expiry7 Aug 2026
Contracts102
Avg IV0.62
Put-call0.51
Expiry14 Aug 2026
Contracts110
Avg IV0.61
Put-call1.52
Expiry21 Aug 2026
Contracts92
Avg IV0.61
Put-call0.69
Expiry28 Aug 2026
Contracts90
Avg IV0.59
Put-call3.58
Expiry4 Sep 2026
Contracts90
Avg IV0.61
Put-call6.50
Skew
Call/put IV balance
7 Aug 2026Balanced skew
Call IV0.65
Put IV0.63
Skew-0.02
14 Aug 2026Balanced skew
Call IV0.63
Put IV0.59
Skew-0.04
21 Aug 2026Balanced skew
Call IV0.62
Put IV0.63
Skew0.01
28 Aug 2026Balanced skew
Call IV0.58
Put IV0.61
Skew0.03
4 Sep 2026Balanced skew
Call IV0.61
Put IV0.64
Skew0.03
Contract Tape
Most active contracts
ContractRNG260807C00051000
SideCall
Expiry7 Aug 2026
Strike51.00
Volume100
OI110
IV0.37
ContractRNG260807C00052000
SideCall
Expiry7 Aug 2026
Strike52.00
Volume100
OI101
IV0.70
ContractRNG260807C00060000
SideCall
Expiry7 Aug 2026
Strike60.00
Volume67
OI84
IV0.66
ContractRNG260807P00050000
SidePut
Expiry7 Aug 2026
Strike50.00
Volume66
OI90
IV0.70
ContractRNG260807P00054000
SidePut
Expiry7 Aug 2026
Strike54.00
Volume50
OI12
IV0.62
ContractRNG260807C00055000
SideCall
Expiry7 Aug 2026
Strike55.00
Volume40
OI53
IV0.65
ContractRNG260807C00059000
SideCall
Expiry7 Aug 2026
Strike59.00
Volume34
OI18
IV0.65
ContractRNG270115C00045000
SideCall
Expiry15 Jan 2027
Strike45.00
Volume32
OI167
IV0.66
Research Graph
Related research and context
Sharemaestro research
Related News
No recent ticker-specific news yet.
Market Watch
No recent market-watch posts yet.
Earnings
Plain English Guide
Options context
What usually looks constructive
What usually looks cautious
Options can move quickly and can lose value fast. Treat this as research context, not a buy or sell instruction.