Ticker Options Intelligence

IRT options intelligence

Independence Realty Trust Inc options pressure, expected move, strike concentration, and Sharemaestro trend context.

Conviction 54 Market data through 30 Jul 2026 Checked 31 Jul 2026 03:37 · complete available chain

Put-side pressure

Bearish pressure

IRT currently carries bearish options pressure with a 54/100 conviction score. The nearest-chain expected move is 7.7%, with volume/open-interest participation at 0.08.

Options Intelligence Opportunities Bullish confirmation Risks Unusual flow Vol expansion Repeated pressure Compare Chart Weekly report
Primary read Bearish

Put-side pressure

Expected move 7.7%

Wider near-term move priced

Activity / OI 0.08

Current volume is quieter versus prior open interest

Put-call 2.50

Put-side skew

Trend fit 79

Options agree with trend context

Weekly backdrop -0.1%

RS -6.1

Expected move 7.7%
Put-call volume 2.50
Volume / OI 0.08
Reference IV 0.35
Max pain 15.00
Underlying 16.61
Nearest expiry 21 Aug 2026
Contracts 88

Research Brief

IRT has a bearish chain read with 54/100 evidence alignment.

The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 15.33–17.89; The largest call open-interest concentration is 17.50; the largest put concentration is 15.00. The most active strike by current volume is 15.00.

Priced range15.33–17.89
Call concentration17.50
Put concentration15.00
Max pain reference15.00
What would confirm it
  • Price remains weak while put-side concentration persists.
  • The current chain read already agrees with the stored weekly trend context.
What would weaken it
  • Price recovers while put pressure fades or reverses toward calls.
  • 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 21 Aug

Options imply 15.33 to 17.89. Max pain at 15.00 lies outside the priced range, so it is a weak near-term anchor.

Spot Max pain
15.3316.61 ± 1.2817.89
Confirmation level

A close beyond 17.89 or below 15.33 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 54/100

Evidence alignment, not probability

Pressure is 55/100 toward puts; conviction uses its strength, while the signal label carries its direction.

Directional pressure55 × 42%
+23.0

How strongly activity leans toward calls or puts.

Participation22 × 22%
+4.8

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

Trend agreement79 × 26%
+20.4

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

Volatility55 × 10%
+5.5

The intensity of implied volatility and the priced move.

Reconstructed score53.8Matches stored calculation

Positioning by Strike

Where open interest and current activity concentrate

Full strike map

The largest call open-interest concentration is 17.50; the largest put concentration is 15.00. The most active strike by current volume is 15.00. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.

Put open interestStrikeCall open interest
0
2.50-84.9%
0
0
5.00-69.9%
0
0
7.50-54.8%
0
0
10.00-39.8%
0
0
12.50-24.7%
0
50
15.00-9.7%
0
0
17.505.4%
8
0
20.0020.4%
0
0
22.5035.5%
0
0
25.0050.5%
0
0
30.0080.6%
0
Nearest spot strike Max pain strikeBars show relative OI within this expiry

Volatility Curve

Front-loaded volatility

1.81× front/back

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

0.35 21 Aug 22d
0.30 18 Sep 50d
0.28 16 Oct 78d
0.19 15 Jan 169d

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.

15
18
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

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
88 / 88
  • 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

85/100
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 Bearish flow before price confirmation

Put-side pressure is present before a decisive weekly price breakdown.

Why this matters

Earnings/event positioning matters because it connects the options headline to the actual evidence: $1050 of estimated gross traded notional, calls · 8-21 days · otm, and a bearish flow before price confirmation backdrop. Use it as a research priority signal, then validate the chart, liquidity, event calendar, and risk before acting.

Options pressure-55
1W price-0.1%
Call premium76%
Put premium24%
Notional split C 76% / P 24% Estimated gross traded notional uses volume × contract multiplier × midpoint, or last price when no valid midpoint is available.
Freshness 0.08 Volume divided by open interest across the visible chain.
Trend fit 79/100 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 · 8-21 days · OTM
Calls · 8-21 days · OTM calls cluster with 20 contracts traded, $800 estimated gross traded notional, and 76% of visible notional.
$800
Puts · 8-21 days · OTM puts cluster with 50 contracts traded, $250 estimated gross traded notional, and 24% of visible notional.
$250

Setup Classification

Opportunity and risk frame

Context, not advice
Positive Options-confirmed trend

Positioning agrees with the Sharemaestro trend backdrop.

Warning Event-risk setup

Expected move or upcoming earnings makes the setup more event-sensitive.

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
Close16.61
1W-0.1%
RS-6.1
Fair value+0.7%
Options pressure-55
Speculation22
Volatility55
Trend fit79

Today Versus Normal

Stored-options context

View history
Expected move 7.7% history building
30d avg - · 2/10 sessions -
90d avg - · 2/30 sessions -
180d avg - · 2/60 sessions -
IV 0.35 history building
30d avg - · 2/10 sessions -
90d avg - · 2/30 sessions -
180d avg - · 2/60 sessions -
Put-call 2.50 history building
30d avg - · 2/10 sessions -
90d avg - · 2/30 sessions -
180d avg - · 2/60 sessions -
Volume/OI 0.08 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 10:44 Bullish
Pressure 88
Move 12.6%
30 Jul 13:23 Volatility
Pressure 88
Move 11.8%
30 Jul 14:07 Volatility
Pressure -94
Move 6.5%
30 Jul 23:37 Volatility
Pressure -94
Move 7.7%
31 Jul 02:37 Bearish
Pressure -55
Move 7.7%

Strike Map

Where activity is clustering

Full strike map
Strike2.50
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike5.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike7.50
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike10.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike12.50
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike15.00
Calls · V 0 · OI 0
Puts · V 50 · OI 50
Strike17.50
Calls · V 20 · OI 8
Puts · V 0 · OI 0
Strike20.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0

Term Structure

Expiration activity

Volume and IV
Expiry21 Aug 2026
Contracts22
Avg IV0.35
Put-call2.50
Expiry18 Sep 2026
Contracts22
Avg IV0.30
Put-call-
Expiry16 Oct 2026
Contracts22
Avg IV0.28
Put-call-
Expiry15 Jan 2027
Contracts22
Avg IV0.19
Put-call-

Skew

Call/put IV balance

OTM demand
21 Aug 2026Call IV premium
Call IV0.43
Put IV0.23
Skew-0.20
18 Sep 2026Put IV premium
Call IV0.07
Put IV0.16
Skew0.09
16 Oct 2026Put IV premium
Call IV0.24
Put IV0.42
Skew0.19
15 Jan 2027Put IV premium
Call IV0.03
Put IV0.09
Skew0.06

Contract Tape

Most active contracts

Full contract tape
ContractIRT260821P00015000
SidePut
Expiry21 Aug 2026
Strike15.00
Volume50
OI50
IV0.23
ContractIRT260821C00017500
SideCall
Expiry21 Aug 2026
Strike17.50
Volume20
OI8
IV0.43
ContractIRT261016P00015000
SidePut
Expiry16 Oct 2026
Strike15.00
Volume-
OI682
IV0.42
ContractIRT261016C00017500
SideCall
Expiry16 Oct 2026
Strike17.50
Volume-
OI79
IV0.24
ContractIRT261016C00015000
SideCall
Expiry16 Oct 2026
Strike15.00
Volume-
OI20
IV0.27
ContractIRT270115C00020000
SideCall
Expiry15 Jan 2027
Strike20.00
Volume-
OI19
IV0.11
ContractIRT261016P00012500
SidePut
Expiry16 Oct 2026
Strike12.50
Volume-
OI6
IV0.30
ContractIRT270115P00015000
SidePut
Expiry15 Jan 2027
Strike15.00
Volume-
OI4
IV0.09