Primary read
Bullish
Call-side pressure
Ticker Options Intelligence
RITM options intelligence
Rithm Capital Corp. options pressure, expected move, strike concentration, and Sharemaestro trend context.
Conviction
33
Market data through 31 Jul 2026
Checked 1 Aug 2026 20:42 · complete available chain
Call-side pressure
Bullish pressure
RITM currently carries bullish options pressure with a 33/100 conviction score. The nearest-chain expected move is 4.3%, with volume/open-interest participation at 0.00.
Expected move
4.3%
Near-term move context
Activity / OI
0.00
Current volume is quieter versus prior open interest
Put-call
0.19
Call-side skew
Trend fit
0
Options are not fully confirming trend
Weekly backdrop
+8.3%
RS -11.2
Expected move
4.3%
Put-call volume
0.19
Volume / OI
0.00
Reference IV
0.30
Max pain
10.00
Underlying
9.88
Nearest expiry
21 Aug 2026
Contracts
216
Research Brief
RITM has a bullish chain read with 33/100 evidence alignment.
The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 9.46–10.30; The largest call open-interest concentration is 10.00; the largest put concentration is 10.00. The most active strike by current volume is 10.00.
Priced range9.46–10.30
Call concentration10.00
Put concentration10.00
Max pain reference10.00
- Price holds or improves while call-side concentration remains elevated.
- Price weakens while call pressure fades or reverses toward puts.
- Options and the weekly trend are not yet giving the same message.
- 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
Options imply 9.46 to 10.30. Max pain at 10.00 sits inside that range, 1.2% above spot.
Spot
Max pain
9.469.88 ± 0.4210.30
Confirmation level
A close beyond 10.30 or below 9.46 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 33/100
Pressure is 68/100 toward calls; conviction uses its strength, while the signal label carries its direction.
Directional pressure68 × 42%
+28.7
How strongly activity leans toward calls or puts.
Participation4 × 22%
+0.9
Volume relative to existing open interest and contract-level activity.
Trend agreement0 × 26%
+0.0
How closely the chain read agrees with the underlying trend backdrop.
Volatility38 × 10%
+3.8
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 10.00; the largest put concentration is 10.00. The most active strike by current volume is 10.00. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.
Put open interestStrikeCall open interest
0
3.00-69.6%
2
0
4.00-59.5%
3
1400
5.00-49.4%
3
8
6.00-39.3%
6
61
7.00-29.1%
4
3883
8.00-19.0%
58
4666
9.00-8.9%
1165
7147
10.001.2%
4611
0
11.0011.3%
1766
0
12.0021.5%
1566
0
13.0031.6%
236
1
14.0041.7%
7
0
15.0051.8%
0
0
16.0061.9%
81
0
17.0072.1%
2
0
18.0082.2%
1
0
19.0092.3%
0
Nearest spot strike Max pain strikeBars show relative OI within this expiry
Volatility Curve
Front-loaded volatility
Near-term options are materially richer than later expirations, consistent with concentrated event or immediate-risk pricing.
0.30
21 Aug
21d
0.26
18 Sep
49d
0.20
20 Nov
112d
0.22
18 Dec
140d
0.26
15 Jan
168d
0.23
19 Feb
203d
0.26
21 Jan
539d
Volatility by Strike
Downside protection premium
Out-of-the-money puts carry higher implied volatility than comparable calls, indicating richer downside protection.
8
9
10
11
Put IV Call IV
Historical Replay
How matured reads behaved through expiry
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
Retained chain100%
Implied volatility100%
Two-sided quotes100%
Open interest100%
- Chain status
- Complete available chain
- Market date
- 31 Jul 2026
- Calculation
- v2.0
- Contracts
- 216 / 216
- 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
Activity is spread across expirations with heavier open interest than current volume, which can be consistent with position maintenance.
Options pressure and weekly price action are pointing in the same constructive direction.
Multi-expiry position-maintenance candidate matters because it connects the options headline to the actual evidence: $24592 of estimated gross traded notional, calls · 91+ days · otm, 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+68
1W price+8.3%
Call premium79%
Put premium21%
Notional split
C 79% / P 21%
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
0/100
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.
Calls · 91+ days · OTM
calls cluster with 372 contracts traded, $13982 estimated gross traded notional, and 57% of visible notional.
$13982
Puts · 91+ days · ATM
puts cluster with 24 contracts traded, $3550 estimated gross traded notional, and 14% of visible notional.
$3550
Calls · 8-21 days · ATM
calls cluster with 118 contracts traded, $2065 estimated gross traded notional, and 8% of visible notional.
$2065
Calls · 91+ days · ATM
calls cluster with 33 contracts traded, $1530 estimated gross traded notional, and 6% of visible notional.
$1530
Puts · 8-21 days · ATM
puts cluster with 51 contracts traded, $1275 estimated gross traded notional, and 5% of visible notional.
$1275
Setup Classification
Opportunity and risk frame
Options positioning is not confirming the underlying trend context.
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
Close9.88
1W+8.3%
RS-11.2
Fair value+2.8%
Options pressure68
Speculation4
Volatility38
Trend fit0
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 10:39
Bullish
Pressure 84
Move 9.6%
30 Jul 10:35
Bullish
Pressure 67
Move 11.1%
31 Jul 10:23
Bullish
Pressure 47
Move 11.2%
1 Aug 19:42
Bullish
Pressure 68
Move 4.3%
Strike Map
Where activity is clustering
Strike3.00
Calls · V 0 · OI 2
Puts · V 0 · OI 0
Strike4.00
Calls · V 0 · OI 3
Puts · V 0 · OI 0
Strike5.00
Calls · V 0 · OI 3
Puts · V 0 · OI 1400
Strike6.00
Calls · V 0 · OI 6
Puts · V 0 · OI 8
Strike7.00
Calls · V 0 · OI 4
Puts · V 0 · OI 61
Strike8.00
Calls · V 0 · OI 58
Puts · V 0 · OI 3883
Strike9.00
Calls · V 4 · OI 1165
Puts · V 21 · OI 4666
Strike10.00
Calls · V 118 · OI 4611
Puts · V 51 · OI 7147
Term Structure
Expiration activity
Expiry21 Aug 2026
Contracts34
Avg IV0.30
Put-call0.59
Expiry18 Sep 2026
Contracts36
Avg IV0.26
Put-call0.03
Expiry20 Nov 2026
Contracts34
Avg IV0.20
Put-call-
Expiry18 Dec 2026
Contracts28
Avg IV0.22
Put-call0.22
Expiry15 Jan 2027
Contracts30
Avg IV0.26
Put-call-
Skew
Call/put IV balance
21 Aug 2026Balanced skew
Call IV0.23
Put IV0.24
Skew0.01
18 Sep 2026Put IV premium
Call IV0.16
Put IV0.32
Skew0.16
20 Nov 2026Put IV premium
Call IV0.20
Put IV0.33
Skew0.13
18 Dec 2026Put IV premium
Call IV0.19
Put IV0.33
Skew0.14
15 Jan 2027Put IV premium
Call IV0.19
Put IV0.32
Skew0.13
Contract Tape
Most active contracts
ContractRITM280121C00012000
SideCall
Expiry21 Jan 2028
Strike12.00
Volume302
OI2823
IV0.19
ContractRITM260821C00010000
SideCall
Expiry21 Aug 2026
Strike10.00
Volume118
OI4611
IV0.23
ContractRITM260821P00010000
SidePut
Expiry21 Aug 2026
Strike10.00
Volume51
OI7147
IV0.21
ContractRITM261218C00011000
SideCall
Expiry18 Dec 2026
Strike11.00
Volume47
OI1463
IV0.19
ContractRITM260918C00010000
SideCall
Expiry18 Sep 2026
Strike10.00
Volume35
OI6713
IV0.23
ContractRITM260821P00009000
SidePut
Expiry21 Aug 2026
Strike9.00
Volume21
OI4666
IV0.24
ContractRITM270115C00011000
SideCall
Expiry15 Jan 2027
Strike11.00
Volume21
OI575
IV0.19
ContractRITM280121P00010000
SidePut
Expiry21 Jan 2028
Strike10.00
Volume20
OI1105
IV0.39
Research Graph
Related research and context
Sharemaestro research
Related News
No recent ticker-specific news yet.
Market Watch
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Earnings
No upcoming matched earnings event.
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.