Primary read
Bullish
Call-side pressure
Ticker Options Intelligence
RDTL options intelligence
GRANITESHARES 2X LONG RDDT DAILY ETF options pressure, expected move, strike concentration, and Sharemaestro trend context.
Conviction
43
Market data through 31 Jul 2026
Checked 3 Aug 2026 12:14 · complete available chain
Call-side pressure
Bullish pressure
RDTL currently carries bullish options pressure with a 43/100 conviction score. The nearest-chain expected move is 27.2%, with volume/open-interest participation at 0.41.
Expected move
27.2%
Wider near-term move priced
Activity / OI
0.41
Current volume is quieter versus prior open interest
Put-call
0.38
Call-side skew
Trend fit
0
Options are not fully confirming trend
Weekly backdrop
-36.1%
RS -69.0
Expected move
27.2%
Put-call volume
0.38
Volume / OI
0.41
Reference IV
1.33
Max pain
22.00
Underlying
12.12
Nearest expiry
21 Aug 2026
Contracts
364
Research Brief
RDTL has a bullish chain read with 43/100 evidence alignment.
The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 8.82–15.42; The largest call open-interest concentration is 32.00; the largest put concentration is 18.00. The most active strike by current volume is 11.00.
Priced range8.82–15.42
Call concentration32.00
Put concentration18.00
Max pain reference22.00
- 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.
Priced Move
Where the chain says movement becomes exceptional
Options imply 8.82 to 15.42. Max pain at 22.00 lies outside the priced range, so it is a weak near-term anchor.
Spot
Max pain
8.8212.12 ± 3.3015.42
Confirmation level
A close beyond 15.42 or below 8.82 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 43/100
Pressure is 53/100 toward calls; conviction uses its strength, while the signal label carries its direction.
Directional pressure53 × 42%
+22.2
How strongly activity leans toward calls or puts.
Participation50 × 22%
+10.9
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.
Volatility96 × 10%
+9.6
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 32.00; the largest put concentration is 18.00. The most active strike by current volume is 11.00. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.
Put open interestStrikeCall open interest
4
7.00-42.2%
40
0
10.00-17.5%
0
0
11.00-9.2%
0
27
12.00-1.0%
2
25
14.0015.5%
0
82
15.0023.8%
2
25
16.0032.0%
10
116
18.0048.5%
9
36
20.0065.0%
32
69
22.0081.5%
19
36
25.00106.3%
125
11
26.00114.5%
50
9
27.00122.8%
51
0
28.00131.0%
59
3
30.00147.5%
214
0
31.00155.8%
93
0
32.00164.0%
410
Nearest spot strike Max pain strikeBars show relative OI within this expiry
Gamma Profile by Strike
Balanced gamma proxy
Call- and put-side gamma sensitivity is broadly balanced across the retained chain. Individual strike concentrations may still matter more than the chain-wide net.
Net profile-$933Delta change / 1% move
Positive peak29.00+$1,090
Negative peak15.00-$1,117
Nearest balance12.94Interpolated sign change
StrikeNegativePositiveNet / 1% move
2.00-83.5%
-$0
3.00-75.2%
-$0
4.00-67.0%
-$0
5.00-58.7%
-$2
6.00-50.5%
-$2
7.00-42.2%
+$34
8.00-34.0%
-$200
9.00-25.7%
-$21
10.00-17.5%
-$51
11.00-9.2%
+$26
12.00-1.0%
-$594
13.007.3%
+$36
14.0015.5%
-$411
15.0023.8%
-$1,117
16.0032.0%
-$432
17.0040.3%
-$413
18.0048.5%
-$686
19.0056.8%
-$345
20.0065.0%
+$211
21.0073.3%
-$96
22.0081.5%
-$17
Positive call-side proxy Negative put-side proxyHighlighted row is nearest spot strike
Scenario proxy = gamma × open interest × 100 shares × spot² × 1%. Calls are positive and puts negative by convention. Missing Greeks use a Black-Scholes estimate from stored IV with zero rate and dividend assumptions. Open interest does not reveal who is long or short, so this is not observed dealer positioning or a forecast.
Volatility Curve
Balanced volatility curve
Near- and longer-dated implied volatility are broadly aligned; no exceptional front-expiry premium is visible.
1.33
21 Aug
21d
1.34
18 Sep
49d
1.45
18 Dec
140d
1.47
19 Mar
231d
Volatility by Strike
Balanced wings
Comparable upside calls and downside puts carry broadly similar implied volatility.
10
11
12
13
14
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
- Auditable calculationoriginal version retained
- Independent entryone read per market session
- Point-in-time referencerequired at entry
- Matched expiry closereported only after maturity
Eligible snapshots must have a dated market session, stored signal, and point-in-time market reference. Each observation uses one read per market session and the first stored weekly close on or immediately after expiry; its original calculation version is retained. It is an evidence audit, not an executable strategy or evidence of future performance.
Evidence Quality
Usable with limits
Retained chain100%
Implied volatility100%
Two-sided quotes100%
Open interest100%
- Chain status
- Complete available chain
- Market date
- 31 Jul 2026
- Calculation
- v2.0
- Contracts
- 364 / 364
- 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
Directional flow, confirmation needed
There is useful activity, but aggregate chain data does not isolate participant intent.
Options are leaning call-side while the stock is down on the week, a divergence that needs price confirmation.
Directional flow, confirmation needed matters because it connects the options headline to the actual evidence: $360,478 of estimated gross traded notional, calls · 91+ days · itm, and a bullish flow against weak price backdrop. Use it as a research priority signal, then validate the chart, liquidity, event calendar, and risk before acting.
Options pressure+53
1W price-36.1%
Call premium58%
Put premium42%
Notional split
C 58% / P 42%
Estimated gross traded notional uses volume × contract multiplier × midpoint, or last price when no valid midpoint is available.
Freshness
0.41
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.
Calls · 91+ days · ITM
calls cluster with 91 contracts traded, $56,590 estimated gross traded notional, and 16% of visible notional.
$56,590
Puts · 91+ days · ITM
puts cluster with 48 contracts traded, $52,935 estimated gross traded notional, and 15% of visible notional.
$52,935
Calls · 91+ days · OTM
calls cluster with 170 contracts traded, $40,692 estimated gross traded notional, and 11% of visible notional.
$40,692
Puts · 8-21 days · ITM
puts cluster with 73 contracts traded, $39,842 estimated gross traded notional, and 11% of visible notional.
$39,842
Calls · 8-21 days · ITM
calls cluster with 108 contracts traded, $35,600 estimated gross traded notional, and 10% of visible notional.
$35,600
Setup Classification
Opportunity and risk frame
The tape is pricing or displaying unusually elevated activity.
Expected move or upcoming earnings makes the setup more event-sensitive.
Options positioning is not confirming the underlying trend context.
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
Close12.12
1W-36.1%
RS-69.0
Fair value-61.3%
Options pressure53
Speculation50
Volatility96
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 13:01
Volatility
Pressure 66
Move 38.8%
30 Jul 12:53
Bullish
Pressure 60
Move 37.3%
31 Jul 12:23
Bullish
Pressure 55
Move 38.4%
3 Aug 11:14
Bullish
Pressure 53
Move 27.2%
Strike Map
Where activity is clustering
Strike1.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike2.00
Calls · V 0 · OI 0
Puts · V 0 · OI 2
Strike3.00
Calls · V 0 · OI 0
Puts · V 2 · OI 1
Strike4.00
Calls · V 0 · OI 0
Puts · V 2 · OI 1
Strike5.00
Calls · V 0 · OI 0
Puts · V 0 · OI 2
Strike6.00
Calls · V 0 · OI 0
Puts · V 2 · OI 0
Strike7.00
Calls · V 40 · OI 40
Puts · V 1 · OI 4
Strike8.00
Calls · V 0 · OI 0
Puts · V 12 · OI 13
Term Structure
Expiration activity
Expiry21 Aug 2026
Contracts72
Avg IV1.33
Put-call0.45
Expiry18 Sep 2026
Contracts138
Avg IV1.34
Put-call0.28
Expiry18 Dec 2026
Contracts78
Avg IV1.45
Put-call0.64
Expiry19 Mar 2027
Contracts76
Avg IV1.47
Put-call0.10
Skew
Call/put IV balance
21 Aug 2026Call IV premium
Call IV1.47
Put IV1.35
Skew-0.12
18 Sep 2026Put IV premium
Call IV1.35
Put IV1.57
Skew0.21
18 Dec 2026Balanced skew
Call IV1.50
Put IV1.54
Skew0.04
19 Mar 2027Put IV premium
Call IV1.37
Put IV1.62
Skew0.25
Contract Tape
Most active contracts
ContractRDTL260821P00010000
SidePut
Expiry21 Aug 2026
Strike10.00
Volume94
OI-
IV1.35
ContractRDTL260821C00015000
SideCall
Expiry21 Aug 2026
Strike15.00
Volume77
OI2
IV1.21
ContractRDTL260821C00012000
SideCall
Expiry21 Aug 2026
Strike12.00
Volume73
OI2
IV1.48
ContractRDTL260821P00011000
SidePut
Expiry21 Aug 2026
Strike11.00
Volume71
OI-
IV1.32
ContractRDTL260821C00032000
SideCall
Expiry21 Aug 2026
Strike32.00
Volume68
OI410
IV1.55
ContractRDTL260821C00030000
SideCall
Expiry21 Aug 2026
Strike30.00
Volume64
OI214
IV1.46
ContractRDTL260821C00025000
SideCall
Expiry21 Aug 2026
Strike25.00
Volume63
OI125
IV1.21
ContractRDTL260821C00011000
SideCall
Expiry21 Aug 2026
Strike11.00
Volume56
OI-
IV1.32
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
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.