Ticker Options Intelligence

RHP options intelligence

Ryman Hospitality Properties Inc options pressure, expected move, strike concentration, and Sharemaestro trend context.

Conviction 46 Market data through 31 Jul 2026 Checked 31 Jul 2026 14:45 · complete available chain

Put-side pressure

Bearish pressure

RHP currently carries bearish options pressure with a 46/100 conviction score. The nearest-chain expected move is 8.3%, with volume/open-interest participation at 0.18.

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

Put-side pressure

Expected move 8.3%

Wider near-term move priced

Activity / OI 0.18

Current volume is quieter versus prior open interest

Put-call 1.84

Put-side skew

Trend fit 62

Options agree with trend context

Weekly backdrop +0.4%

RS 22.6

Expected move 8.3%
Put-call volume 1.84
Volume / OI 0.18
Reference IV 0.13
Max pain 135.00
Underlying 133.09
Nearest expiry 21 Aug 2026
Contracts 63

Research Brief

RHP has a bearish 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 122.00–144.18; The largest call open-interest concentration is 135.00; the largest put concentration is 135.00. The most active strike by current volume is 125.00.

Priced range122.00–144.18
Call concentration135.00
Put concentration135.00
Max pain reference135.00
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 122.00 to 144.18. Max pain at 135.00 sits inside that range, 1.4% above spot.

Spot Max pain
122.00133.09 ± 11.09144.18
Confirmation level

A close beyond 144.18 or below 122.00 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 37/100 toward puts; conviction uses its strength, while the signal label carries its direction.

Directional pressure37 × 42%
+15.5

How strongly activity leans toward calls or puts.

Participation44 × 22%
+9.7

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.

Volatility43 × 10%
+4.3

The intensity of implied volatility and the priced move.

Reconstructed score45.6Matches stored calculation

Positioning by Strike

Where open interest and current activity concentrate

Full strike map

The largest call open-interest concentration is 135.00; the largest put concentration is 135.00. The most active strike by current volume is 125.00. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.

Put open interestStrikeCall open interest
3
100.00-24.9%
0
3
105.00-21.1%
0
1
110.00-17.3%
0
1
125.00-6.1%
2
0
130.00-2.3%
0
99
135.001.4%
17
0
140.005.2%
4
Nearest spot strike Max pain strikeBars show relative OI within this expiry

Volatility Curve

Front-loaded volatility

3.56× front/back

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

0.13 21 Aug 21d
0.02 18 Sep 49d
0.11 16 Oct 77d
0.03 18 Dec 140d
0.04 15 Jan 168d

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.

110
125
130
135
140
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

High

A96/100
Retained chain100%
Implied volatility100%
Two-sided quotes100%
Open interest100%
Chain status
Complete available chain
Market date
31 Jul 2026
Calculation
v2.0
Contracts
63 / 63
  • 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

69/100
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: $172412 of estimated gross traded notional, calls · 91+ days · itm, 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-37
1W price+0.4%
Call premium84%
Put premium16%
Notional split C 84% / P 16% Estimated gross traded notional uses volume × contract multiplier × midpoint, or last price when no valid midpoint is available.
Freshness 0.18 Volume divided by open interest across the visible chain.
Trend fit 62/100 Agreement between options pressure and Sharemaestro market context.
Event window 6 Aug Matched earnings event is 4 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 · 91+ days · ITM
Calls · 91+ days · ITM calls cluster with 34 contracts traded, $95289 estimated gross traded notional, and 55% of visible notional.
$95289
Calls · 46-90 days · ITM calls cluster with 28 contracts traded, $43395 estimated gross traded notional, and 25% of visible notional.
$43395
Puts · 91+ days · OTM puts cluster with 111 contracts traded, $22033 estimated gross traded notional, and 13% of visible notional.
$22033
Puts · 46-90 days · OTM puts cluster with 22 contracts traded, $4690 estimated gross traded notional, and 3% of visible notional.
$4690
Calls · 8-21 days · ATM calls cluster with 3 contracts traded, $1660 estimated gross traded notional, and 1% of visible notional.
$1660

Setup Classification

Opportunity and risk frame

Context, not advice
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
Close133.65
1W+0.4%
RS22.6
Fair value+39.2%
Options pressure-37
Speculation44
Volatility43
Trend fit62

Today Versus Normal

Stored-options context

View history
Expected move 8.3% history building
30d avg - · 3/10 sessions -
90d avg - · 3/30 sessions -
180d avg - · 3/60 sessions -
IV 0.13 history building
30d avg - · 3/10 sessions -
90d avg - · 3/30 sessions -
180d avg - · 3/60 sessions -
Put-call 1.84 history building
30d avg - · 3/10 sessions -
90d avg - · 3/30 sessions -
180d avg - · 3/60 sessions -
Volume/OI 0.18 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 10:32 Bullish
Pressure 48
Move 7.6%
30 Jul 10:31 Bullish
Pressure 88
Move 6.6%
31 Jul 09:14 Bearish
Pressure -26
Move 6.9%
31 Jul 13:45 Bearish
Pressure -37
Move 8.3%

Strike Map

Where activity is clustering

Full strike map
Strike100.00
Calls · V 0 · OI 0
Puts · V 1 · OI 3
Strike105.00
Calls · V 0 · OI 0
Puts · V 1 · OI 3
Strike110.00
Calls · V 0 · OI 0
Puts · V 1 · OI 1
Strike125.00
Calls · V 2 · OI 2
Puts · V 1 · OI 1
Strike130.00
Calls · V 1 · OI 0
Puts · V 0 · OI 0
Strike135.00
Calls · V 2 · OI 17
Puts · V 1 · OI 99
Strike140.00
Calls · V 1 · OI 4
Puts · V 0 · OI 0

Term Structure

Expiration activity

Volume and IV
Expiry21 Aug 2026
Contracts9
Avg IV0.13
Put-call0.83
Expiry18 Sep 2026
Contracts2
Avg IV0.02
Put-call-
Expiry16 Oct 2026
Contracts19
Avg IV0.11
Put-call0.69
Expiry18 Dec 2026
Contracts22
Avg IV0.03
Put-call3.67
Expiry15 Jan 2027
Contracts11
Avg IV0.04
Put-call1.20

Skew

Call/put IV balance

OTM demand
21 Aug 2026Balanced skew
Call IV0.06
Put IV0.06
Skew-
18 Sep 2026Incomplete skew
Call IV0.03
Put IV-
Skew-
16 Oct 2026Put IV premium
Call IV0.01
Put IV0.13
Skew0.12
18 Dec 2026Incomplete skew
Call IV-
Put IV0.13
Skew-
15 Jan 2027Balanced skew
Call IV0.02
Put IV0.03
Skew0.02

Contract Tape

Most active contracts

Full contract tape
ContractRHP270115C00140000
SideCall
Expiry15 Jan 2027
Strike140.00
Volume-
OI3
IV0.02
ContractRHP270115P00100000
SidePut
Expiry15 Jan 2027
Strike100.00
Volume-
OI1
IV0.13
ContractRHP270115P00120000
SidePut
Expiry15 Jan 2027
Strike120.00
Volume-
OI1
IV0.03
ContractRHP260918C00130000
SideCall
Expiry18 Sep 2026
Strike130.00
Volume-
OI1
IV0.00
ContractRHP261016C00155000
SideCall
Expiry16 Oct 2026
Strike155.00
Volume-
OI1
IV0.42
ContractRHP261016C00145000
SideCall
Expiry16 Oct 2026
Strike145.00
Volume-
OI1
IV0.37
ContractRHP261218P00050000
SidePut
Expiry18 Dec 2026
Strike50.00
Volume-
OI1
IV1.18
ContractRHP261218P00045000
SidePut
Expiry18 Dec 2026
Strike45.00
Volume-
OI1
IV1.30