Ticker Options Intelligence

RS options intelligence

Reliance Steel & Aluminum Co options pressure, expected move, strike concentration, and Sharemaestro trend context.

Conviction 46 Market data through 30 Jul 2026 Checked 31 Jul 2026 11:56 · complete available chain

Call-side pressure

Bullish pressure

RS currently carries bullish options pressure with a 46/100 conviction score. The nearest-chain expected move is 5.5%, with volume/open-interest participation at 0.01.

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

Call-side pressure

Expected move 5.5%

Near-term move context

Activity / OI 0.01

Current volume is quieter versus prior open interest

Put-call 0.10

Call-side skew

Trend fit 9

Options are not fully confirming trend

Weekly backdrop +3.0%

RS 19.1

Expected move 5.5%
Put-call volume 0.10
Volume / OI 0.01
Reference IV 0.27
Max pain 400.00
Underlying 407.83
Nearest expiry 21 Aug 2026
Contracts 602

Research Brief

RS has a bullish chain read with 46/100 evidence alignment.

The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 385.48–430.18; The largest call open-interest concentration is 400.00; the largest put concentration is 370.00. The most active strike by current volume is 270.00.

Priced range385.48–430.18
Call concentration400.00
Put concentration370.00
Max pain reference400.00
What would confirm it
  • Price holds or improves while call-side concentration remains elevated.
What would weaken it
  • Price weakens while call pressure fades or reverses toward puts.
  • Options and the weekly trend are not yet giving the same message.

Priced Move

Where the chain says movement becomes exceptional

Size, not direction · through 21 Aug

Options imply 385.48 to 430.18. Max pain at 400.00 sits inside that range, 1.9% below spot.

Spot Max pain
385.48407.83 ± 22.35430.18
Confirmation level

A close beyond 430.18 or below 385.48 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 46/100

Evidence alignment, not probability

Pressure is 90/100 toward calls; conviction uses its strength, while the signal label carries its direction.

Directional pressure90 × 42%
+37.7

How strongly activity leans toward calls or puts.

Participation8 × 22%
+1.8

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

Trend agreement9 × 26%
+2.4

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

Volatility41 × 10%
+4.1

The intensity of implied volatility and the priced move.

Reconstructed score46.1Matches stored calculation

Positioning by Strike

Where open interest and current activity concentrate

Full strike map

The largest call open-interest concentration is 400.00; the largest put concentration is 370.00. The most active strike by current volume is 270.00. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.

Put open interestStrikeCall open interest
4
300.00-26.4%
0
10
320.00-21.5%
0
18
330.00-19.1%
0
14
340.00-16.6%
1
10
350.00-14.2%
7
3
360.00-11.7%
0
19
370.00-9.3%
5
2
380.00-6.8%
1
2
390.00-4.4%
2
19
400.00-1.9%
40
2
410.000.5%
2
0
420.003.0%
18
1
430.005.4%
17
0
440.007.9%
13
0
450.0010.3%
10
7
470.0015.2%
0
0
480.0017.7%
8
Nearest spot strike Max pain strikeBars show relative OI within this expiry

Volatility Curve

Back-loaded volatility

0.86× front/back

Longer-dated options carry more implied volatility than the front expiry, so risk is priced farther out.

0.27 21 Aug 22d
0.27 18 Sep 50d
0.27 16 Oct 78d
0.30 20 Nov 113d
0.29 18 Dec 141d
0.30 19 Mar 232d
0.31 17 Jun 322d
0.32 17 Dec 505d

Volatility by Strike

Downside protection premium

Nearest expiry, within 20% of spot

Out-of-the-money puts carry higher implied volatility than comparable calls, indicating richer downside protection.

330
340
350
360
370
380
390
400
410
420
430
440
450
460
470
480
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
602 / 602
  • 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

55/100
Primary intent Multi-expiry position-maintenance candidate

Activity is spread across expirations with heavier open interest than current volume, which can be consistent with position maintenance.

Flow vs price divergence Bullish flow confirms price

Options pressure and weekly price action are pointing in the same constructive direction.

Why this matters

Multi-expiry position-maintenance candidate matters because it connects the options headline to the actual evidence: $68915 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+90
1W price+3.0%
Call premium96%
Put premium4%
Notional split C 96% / P 4% Estimated gross traded notional uses volume × contract multiplier × midpoint, or last price when no valid midpoint is available.
Freshness 0.01 Volume divided by open interest across the visible chain.
Trend fit 9/100 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.
Conviction clusters Calls · 91+ days · OTM
Calls · 91+ days · OTM calls cluster with 10 contracts traded, $36000 estimated gross traded notional, and 52% of visible notional.
$36000
Calls · 46-90 days · ITM calls cluster with 10 contracts traded, $29850 estimated gross traded notional, and 43% of visible notional.
$29850
Puts · 91+ days · OTM puts cluster with 2 contracts traded, $3065 estimated gross traded notional, and 4% of visible notional.
$3065

Setup Classification

Opportunity and risk frame

Context, not advice
Negative Options disagreement

Options positioning is not confirming the underlying trend context.

Warning Crowded strike risk

Underlying price is close to the max-pain zone.

Warning Bullish pressure over fair value

Call pressure is building while the stock sits above Sharemaestro fair value.

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
Close407.83
1W+3.0%
RS19.1
Fair value+38.7%
Options pressure90
Speculation8
Volatility41
Trend fit9

Today Versus Normal

Stored-options context

View history
Expected move 5.5% history building
30d avg - · 2/10 sessions -
90d avg - · 2/30 sessions -
180d avg - · 2/60 sessions -
IV 0.27 history building
30d avg - · 2/10 sessions -
90d avg - · 2/30 sessions -
180d avg - · 2/60 sessions -
Put-call 0.10 history building
30d avg - · 2/10 sessions -
90d avg - · 2/30 sessions -
180d avg - · 2/60 sessions -
Volume/OI 0.01 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 10:19 Bullish
Pressure 68
Move 6.1%
30 Jul 10:14 Bullish
Pressure 100
Move 5.6%
31 Jul 10:56 Bullish
Pressure 90
Move 5.5%

Strike Map

Where activity is clustering

Full strike map
Strike270.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike280.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike290.00
Calls · V 0 · OI 0
Puts · V 0 · OI 2
Strike300.00
Calls · V 0 · OI 0
Puts · V 0 · OI 4
Strike310.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike320.00
Calls · V 0 · OI 0
Puts · V 0 · OI 10
Strike330.00
Calls · V 0 · OI 0
Puts · V 0 · OI 18
Strike340.00
Calls · V 0 · OI 1
Puts · V 0 · OI 14

Term Structure

Expiration activity

Volume and IV
Expiry21 Aug 2026
Contracts58
Avg IV0.27
Put-call-
Expiry18 Sep 2026
Contracts70
Avg IV0.27
Put-call-
Expiry16 Oct 2026
Contracts56
Avg IV0.27
Put-call-
Expiry20 Nov 2026
Contracts74
Avg IV0.30
Put-call-
Expiry18 Dec 2026
Contracts94
Avg IV0.29
Put-call-

Skew

Call/put IV balance

OTM demand
21 Aug 2026Put IV premium
Call IV0.25
Put IV0.32
Skew0.07
18 Sep 2026Balanced skew
Call IV0.25
Put IV0.29
Skew0.04
16 Oct 2026Balanced skew
Call IV0.25
Put IV0.30
Skew0.05
20 Nov 2026Balanced skew
Call IV0.28
Put IV0.32
Skew0.04
18 Dec 2026Put IV premium
Call IV0.27
Put IV0.33
Skew0.06

Contract Tape

Most active contracts

Full contract tape
ContractRS260918C00380000
SideCall
Expiry18 Sep 2026
Strike380.00
Volume10
OI21
IV0.28
ContractRS271217C00480000
SideCall
Expiry17 Dec 2027
Strike480.00
Volume10
OI-
IV0.30
ContractRS270319P00340000
SidePut
Expiry19 Mar 2027
Strike340.00
Volume1
OI1
IV0.34
ContractRS270617P00330000
SidePut
Expiry17 Jun 2027
Strike330.00
Volume1
OI-
IV0.35
ContractRS261218C00210000
SideCall
Expiry18 Dec 2026
Strike210.00
Volume-
OI114
IV0.01
ContractRS271217C00550000
SideCall
Expiry17 Dec 2027
Strike550.00
Volume-
OI100
IV0.29
ContractRS270319C00510000
SideCall
Expiry19 Mar 2027
Strike510.00
Volume-
OI100
IV0.27
ContractRS270319C00460000
SideCall
Expiry19 Mar 2027
Strike460.00
Volume-
OI65
IV0.29