Ticker Options Intelligence

RH options intelligence

RH options pressure, expected move, strike concentration, and Sharemaestro trend context.

Conviction 37 Market data through 31 Jul 2026 Checked 1 Aug 2026 17:59 · complete available chain

Options-market disagreement

Mixed pressure

RH currently carries mixed options pressure with a 37/100 conviction score. The nearest-chain expected move is 7.7%, with volume/open-interest participation at 0.02.

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

Options-market disagreement

Expected move 7.7%

Wider near-term move priced

Activity / OI 0.02

Current volume is quieter versus prior open interest

Put-call 0.85

Balanced tape

Trend fit 62

Options agree with trend context

Weekly backdrop -5.2%

RS -13.3

Expected move 7.7%
Put-call volume 0.85
Volume / OI 0.02
Reference IV 0.71
Max pain 165.00
Underlying 165.52
Nearest expiry 7 Aug 2026
Contracts 1402

Research Brief

RH has a mixed chain read with 37/100 evidence alignment.

The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 152.72–178.32; The largest call open-interest concentration is 165.00; the largest put concentration is 160.00. The most active strike by current volume is 155.00.

Priced range152.72–178.32
Call concentration165.00
Put concentration160.00
Max pain reference165.00
What would confirm it
  • A clear directional pressure reading develops and price begins to agree.
  • The current chain read already agrees with the stored weekly trend context.
What would weaken it
  • Volatility falls and the chain remains directionally mixed.

Priced Move

Where the chain says movement becomes exceptional

Size, not direction · through 7 Aug

Options imply 152.72 to 178.32. Max pain at 165.00 sits inside that range, 0.3% below spot.

Spot Max pain
152.72165.52 ± 12.80178.32
Confirmation level

A close beyond 178.32 or below 152.72 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 37/100

Evidence alignment, not probability

Pressure is 10/100 toward calls; conviction uses its strength, while the signal label carries its direction.

Directional pressure10 × 42%
+4.1

How strongly activity leans toward calls or puts.

Participation40 × 22%
+8.9

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

Trend agreement62 × 26%
+16.1

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

Volatility81 × 10%
+8.1

The intensity of implied volatility and the priced move.

Reconstructed score37.1Matches stored calculation

Positioning by Strike

Where open interest and current activity concentrate

Full strike map

The largest call open-interest concentration is 165.00; the largest put concentration is 160.00. The most active strike by current volume is 155.00. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.

Put open interestStrikeCall open interest
60
130.00-21.5%
1
50
144.00-13.0%
1
50
147.00-11.2%
0
25
155.00-6.4%
1
144
160.00-3.3%
1
9
162.50-1.8%
3
55
165.00-0.3%
432
8
167.501.2%
295
14
170.002.7%
151
24
180.008.7%
95
23
185.0011.8%
40
5
190.0014.8%
41
0
197.5019.3%
23
2
200.0020.8%
28
0
207.5025.4%
51
0
210.0026.9%
140
0
212.5028.4%
50
Nearest spot strike Max pain strikeBars show relative OI within this expiry

Volatility Curve

Balanced volatility curve

1.01× front/back

Near- and longer-dated implied volatility are broadly aligned; no exceptional front-expiry premium is visible.

0.71 7 Aug 7d
0.62 14 Aug 14d
0.63 21 Aug 21d
0.63 28 Aug 28d
0.63 4 Sep 35d
0.74 11 Sep 42d
0.75 18 Sep 49d
0.69 20 Nov 112d

Volatility by Strike

Balanced wings

Nearest expiry, within 20% of spot

Comparable upside calls and downside puts carry broadly similar implied volatility.

133
135
137
138
140
142
144
146
147
149
153
158
163
165
170
175
180
185
188
193
198
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 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

A100/100
Retained chain100%
Implied volatility100%
Two-sided quotes100%
Open interest100%
Chain status
Complete available chain
Market date
31 Jul 2026
Calculation
v2.0
Contracts
1402 / 1402
  • 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

70/100
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 No clean flow/price divergence

The options read is mixed, so divergence is not strong enough to classify.

Why this matters

Multi-expiry position-maintenance candidate matters because it connects the options headline to the actual evidence: $660327 of estimated gross traded notional, calls · 91+ days · otm, 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+10
1W price-5.2%
Call premium63%
Put premium37%
Notional split C 63% / P 37% Estimated gross traded notional uses volume × contract multiplier × midpoint, or last price when no valid midpoint is available.
Freshness 0.02 Volume divided by open interest across the visible chain.
Trend fit 62/100 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 115 contracts traded, $134010 estimated gross traded notional, and 20% of visible notional.
$134010
Calls · 0-7 days · ATM calls cluster with 111 contracts traded, $84665 estimated gross traded notional, and 13% of visible notional.
$84665
Calls · 8-21 days · ATM calls cluster with 72 contracts traded, $75970 estimated gross traded notional, and 12% of visible notional.
$75970
Puts · 46-90 days · OTM puts cluster with 62 contracts traded, $67118 estimated gross traded notional, and 10% of visible notional.
$67118
Puts · 8-21 days · OTM puts cluster with 255 contracts traded, $47588 estimated gross traded notional, and 7% of visible notional.
$47588

Setup Classification

Opportunity and risk frame

Context, not advice
Warning Volatility expansion

The tape is pricing or displaying unusually elevated activity.

Warning Event-risk setup

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

Warning Crowded strike risk

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

Sharemaestro weekly
Close165.52
1W-5.2%
RS-13.3
Fair value-32.4%
Options pressure10
Speculation40
Volatility81
Trend fit62

Today Versus Normal

Stored-options context

View history
Expected move 7.7% history building
30d avg - · 3/10 sessions -
90d avg - · 3/30 sessions -
180d avg - · 3/60 sessions -
IV 0.71 history building
30d avg - · 3/10 sessions -
90d avg - · 3/30 sessions -
180d avg - · 3/60 sessions -
Put-call 0.85 history building
30d avg - · 3/10 sessions -
90d avg - · 3/30 sessions -
180d avg - · 3/60 sessions -
Volume/OI 0.02 history building
30d avg - · 3/10 sessions -
90d avg - · 3/30 sessions -
180d avg - · 3/60 sessions -

Pressure Trail

Recent pressure and volatility

Open trail
29 Jul 10:56 Bearish
Pressure -30
Move 4.6%
30 Jul 10:46 Volatility
Pressure -28
Move 6.4%
30 Jul 17:19 Bearish
Pressure -29
Move 4.2%
30 Jul 23:35 Mixed
Pressure -7
Move 5.6%
31 Jul 00:12 Mixed
Pressure -7
Move 5.6%
31 Jul 03:07 Bullish
Pressure 31
Move 5.6%
1 Aug 16:59 Mixed
Pressure 10
Move 7.7%

Strike Map

Where activity is clustering

Full strike map
Strike80.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike85.00
Calls · V 0 · OI 1
Puts · V 0 · OI 0
Strike90.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike95.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike100.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike105.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike110.00
Calls · V 0 · OI 0
Puts · V 0 · OI 6
Strike115.00
Calls · V 0 · OI 1
Puts · V 1 · OI 1

Term Structure

Expiration activity

Volume and IV
Expiry7 Aug 2026
Contracts136
Avg IV0.71
Put-call0.57
Expiry14 Aug 2026
Contracts140
Avg IV0.62
Put-call1.75
Expiry21 Aug 2026
Contracts124
Avg IV0.63
Put-call2.04
Expiry28 Aug 2026
Contracts68
Avg IV0.63
Put-call0.20
Expiry4 Sep 2026
Contracts68
Avg IV0.63
Put-call1.05

Skew

Call/put IV balance

OTM demand
7 Aug 2026Call IV premium
Call IV0.74
Put IV0.68
Skew-0.06
14 Aug 2026Balanced skew
Call IV0.66
Put IV0.67
Skew0.01
21 Aug 2026Balanced skew
Call IV0.63
Put IV0.64
Skew0.01
28 Aug 2026Balanced skew
Call IV0.63
Put IV0.68
Skew0.05
4 Sep 2026Balanced skew
Call IV0.64
Put IV0.64
Skew-

Contract Tape

Most active contracts

Full contract tape
ContractRH260821P00140000
SidePut
Expiry21 Aug 2026
Strike140.00
Volume207
OI355
IV0.65
ContractRH260807P00155000
SidePut
Expiry7 Aug 2026
Strike155.00
Volume112
OI25
IV0.68
ContractRH260807C00180000
SideCall
Expiry7 Aug 2026
Strike180.00
Volume86
OI95
IV0.66
ContractRH260821C00165000
SideCall
Expiry21 Aug 2026
Strike165.00
Volume70
OI340
IV0.64
ContractRH260807C00162500
SideCall
Expiry7 Aug 2026
Strike162.50
Volume66
OI3
IV0.75
ContractRH270115C00250000
SideCall
Expiry15 Jan 2027
Strike250.00
Volume59
OI118
IV0.66
ContractRH260807C00190000
SideCall
Expiry7 Aug 2026
Strike190.00
Volume55
OI41
IV0.67
ContractRH260807C00197500
SideCall
Expiry7 Aug 2026
Strike197.50
Volume55
OI23
IV0.46