Primary read
Bullish
Call-side pressure
Ticker Options Intelligence
RTX options intelligence
RTX Corporation options pressure, expected move, strike concentration, and Sharemaestro trend context.
Conviction
35
Market data through 13 Aug 2026
Checked 13 Aug 2026 18:40 · complete available chain
Call-side pressure
Bullish pressure
RTX currently carries bullish options pressure with a 35/100 conviction score. The nearest-chain expected move is 1.6%, with volume/open-interest participation at 0.06.
Expected move
1.6%
Near-term move context
Activity / OI
0.06
Current volume is quieter versus prior open interest
Put-call
0.50
Call-side skew
Trend fit
34
Options are not fully confirming trend
Weekly backdrop
+3.6%
RS 8.8
Expected move
1.6%
Put-call volume
0.50
Volume / OI
0.06
Reference IV
0.32
Max pain
217.50
Underlying
223.03
Nearest expiry
14 Aug 2026
Contracts
779
Research Brief
RTX has a bullish chain read with 35/100 evidence alignment.
The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 219.46–226.60; The largest call open-interest concentration is 225.00; the largest put concentration is 150.00. The most active strike by current volume is 220.00.
Priced range219.46–226.60
Call concentration225.00
Put concentration150.00
Max pain reference217.50
- 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 219.46 to 226.60. Max pain at 217.50 lies outside the priced range, so it is a weak near-term anchor.
Spot
Max pain
219.46223.03 ± 3.57226.60
Confirmation level
A close beyond 226.60 or below 219.46 at the 14 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 35/100
Pressure is 34/100 toward calls; conviction uses its strength, while the signal label carries its direction.
Directional pressure34 × 42%
+14.3
How strongly activity leans toward calls or puts.
Participation41 × 22%
+9.1
Volume relative to existing open interest and contract-level activity.
Trend agreement34 × 26%
+9.0
How closely the chain read agrees with the underlying trend backdrop.
Volatility29 × 10%
+2.9
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 225.00; the largest put concentration is 150.00. The most active strike by current volume is 220.00. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.
Put open interestStrikeCall open interest
283
105.00-52.9%
0
451
110.00-50.7%
0
391
115.00-48.4%
0
598
145.00-35.0%
0
894
150.00-32.7%
1
581
175.00-21.5%
0
536
180.00-19.3%
1
205
195.00-12.6%
88
417
197.50-11.4%
2
263
200.00-10.3%
112
149
215.00-3.6%
145
128
217.50-2.5%
71
146
220.00-1.4%
483
545
222.50-0.2%
467
47
225.000.9%
693
6
227.502.0%
301
3
230.003.1%
365
Nearest spot strike Max pain strikeBars show relative OI within this expiry
Gamma Profile by Strike
Positive gamma proxy
Call-side gamma sensitivity outweighs the put-side proxy across the retained chain. The largest bars mark levels where delta-hedging sensitivity may be most concentrated.
Net profile+$45.1MDelta change / 1% move
Positive peak230.00+$12.8M
Negative peak195.00-$1.0M
Nearest balance212.53Interpolated sign change
StrikeNegativePositiveNet / 1% move
197.50-11.4%
-$326,330
200.00-10.3%
+$1.3M
202.50-9.2%
+$5,683
205.00-8.1%
-$208,090
207.50-7.0%
-$311,003
210.00-5.8%
+$2.6M
212.50-4.7%
-$7,899
215.00-3.6%
+$724,267
217.50-2.5%
+$801,908
220.00-1.4%
+$10.0M
222.50-0.2%
+$3.0M
225.000.9%
+$6.4M
227.502.0%
+$1.3M
230.003.1%
+$12.8M
232.504.2%
+$157,960
235.005.4%
+$467,585
237.506.5%
+$26,522
240.007.6%
+$4.6M
242.508.7%
+$57,451
245.009.9%
+$132,860
250.0012.1%
+$2.1M
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
Front-loaded volatility
Near-term options are materially richer than later expirations, consistent with concentrated event or immediate-risk pricing.
0.32
14 Aug
1d
0.26
21 Aug
8d
0.14
28 Aug
15d
0.25
4 Sep
22d
0.23
11 Sep
29d
0.25
18 Sep
36d
0.26
25 Sep
43d
0.26
16 Oct
64d
Volatility by Strike
Upside optionality premium
Out-of-the-money calls carry higher implied volatility than comparable puts, indicating richer upside optionality.
180
185
193
195
200
203
205
210
213
218
220
223
228
230
235
238
240
245
250
260
265
Put IV Call IV
Historical Replay
How matured reads behaved through expiry
Across 1 stored directional transitions, the next stored price moved in the labelled direction 100% of the time.
Directional follow-through100%
Moves contained by pricing33%
Average expiry move3.4%
6 Aug
Mixed · 33
3.6% through expiry
4.0% priced · v2.0
5 Aug
Bullish · 36
3.6% through expiry
3.5% priced · v2.0
4 Aug
Mixed · 33
3.6% through expiry
2.6% priced · v2.0
3 Aug
Mixed · 31
3.6% through expiry
2.5% priced · v2.0
31 Jul
Mixed · 32
4.8% through expiry
2.8% priced · v2.0
30 Jul
Mixed · 39
1.1% through expiry
1.5% priced · v2.0
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
High
Retained chain100%
Implied volatility100%
Two-sided quotes98%
Open interest98%
- Chain status
- Complete available chain
- Market date
- 13 Aug 2026
- Calculation
- v2.0
- Contracts
- 779 / 779
- 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: $26.6M of estimated gross traded notional, calls · 91+ days · itm, 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+34
1W price+3.6%
Call premium95%
Put premium5%
Notional split
C 95% / P 5%
Estimated gross traded notional uses volume × contract multiplier × midpoint, or last price when no valid midpoint is available.
Freshness
0.06
Volume divided by open interest across the visible chain.
Trend fit
34/100
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 · ITM
calls cluster with 2344 contracts traded, $17.5M estimated gross traded notional, and 66% of visible notional.
$17.5M
Calls · 8-21 days · ITM
calls cluster with 1005 contracts traded, $4.3M estimated gross traded notional, and 16% of visible notional.
$4.3M
Calls · 22-45 days · ITM
calls cluster with 336 contracts traded, $1.7M estimated gross traded notional, and 6% of visible notional.
$1.7M
Calls · 91+ days · OTM
calls cluster with 2160 contracts traded, $937,454 estimated gross traded notional, and 4% of visible notional.
$937,454
Puts · 91+ days · ITM
puts cluster with 176 contracts traded, $428,305 estimated gross traded notional, and 2% of visible notional.
$428,305
Setup Classification
Opportunity and risk frame
Options positioning is not confirming the underlying trend context.
Underlying price is close to the max-pain zone.
Call pressure is building while the stock sits above Sharemaestro fair value.
Activity Anomaly
Normal range
Activity is broadly in line with recent stored snapshots.
Baseline: 12 completed sessions
Volume rank25th
Volume/OI rank17th
IV rank67th
Market Context
Underlying confirmation
Close223.03
1W+3.6%
RS8.8
Fair value+68.8%
Options pressure34
Speculation41
Volatility29
Trend fit34
Today Versus Normal
Stored-options context
30d avg 2.6% · 12 sessions
8th
90d avg - · 12/30 sessions
-
180d avg - · 12/60 sessions
-
30d avg 0.31 · 12 sessions
67th
90d avg - · 12/30 sessions
-
180d avg - · 12/60 sessions
-
30d avg 0.75 · 12 sessions
17th
90d avg - · 12/30 sessions
-
180d avg - · 12/60 sessions
-
30d avg 0.07 · 12 sessions
17th
90d avg - · 12/30 sessions
-
180d avg - · 12/60 sessions
-
Pressure Trail
Recent pressure and volatility
5 Aug 18:10
Bullish
Pressure 19
Move 3.2%
5 Aug 19:30
Bullish
Pressure 20
Move 3.5%
6 Aug 05:33
Bullish
Pressure 35
Move 3.5%
6 Aug 14:40
Bullish
Pressure 27
Move 4.0%
6 Aug 16:10
Bullish
Pressure 24
Move 4.0%
6 Aug 17:40
Mixed
Pressure 15
Move 3.8%
6 Aug 19:20
Mixed
Pressure 12
Move 4.0%
7 Aug 14:10
Mixed
Pressure 13
Move 3.2%
Strike Map
Where activity is clustering
Strike105.00
Calls · V 0 · OI 0
Puts · V 2 · OI 283
Strike110.00
Calls · V 0 · OI 0
Puts · V 1 · OI 451
Strike115.00
Calls · V 0 · OI 0
Puts · V 25 · OI 391
Strike120.00
Calls · V 0 · OI 1
Puts · V 4 · OI 25
Strike125.00
Calls · V 0 · OI 0
Puts · V 2 · OI 71
Strike130.00
Calls · V 0 · OI 0
Puts · V 1 · OI 50
Strike135.00
Calls · V 0 · OI 0
Puts · V 1 · OI 107
Strike140.00
Calls · V 0 · OI 0
Puts · V 1 · OI 223
Term Structure
Expiration activity
Expiry14 Aug 2026
Contracts75
Avg IV0.32
Put-call0.41
Expiry21 Aug 2026
Contracts93
Avg IV0.26
Put-call0.16
Expiry28 Aug 2026
Contracts47
Avg IV0.14
Put-call2.81
Expiry4 Sep 2026
Contracts27
Avg IV0.25
Put-call1.73
Expiry11 Sep 2026
Contracts18
Avg IV0.23
Put-call3.85
Skew
Call/put IV balance
14 Aug 2026Call IV premium
Call IV0.48
Put IV0.40
Skew-0.08
21 Aug 2026Balanced skew
Call IV0.27
Put IV0.25
Skew-0.03
28 Aug 2026Call IV premium
Call IV0.32
Put IV0.25
Skew-0.07
4 Sep 2026Balanced skew
Call IV0.24
Put IV0.23
Skew0.00
11 Sep 2026Balanced skew
Call IV0.23
Put IV0.23
Skew0.00
Contract Tape
Most active contracts
ContractRTX260828P00120000
SidePut
Expiry28 Aug 2026
Strike120.00
Volume-
OI-
IV-
ContractRTX260828P00227500
SidePut
Expiry28 Aug 2026
Strike227.50
Volume-
OI-
IV-
ContractRTX260904P00150000
SidePut
Expiry4 Sep 2026
Strike150.00
Volume-
OI-
IV-
ContractRTX260828P00225000
SidePut
Expiry28 Aug 2026
Strike225.00
Volume-
OI-
IV-
ContractRTX260828P00207500
SidePut
Expiry28 Aug 2026
Strike207.50
Volume-
OI-
IV-
ContractRTX261016P00250000
SidePut
Expiry16 Oct 2026
Strike250.00
Volume-
OI-
IV-
ContractRTX260828P00135000
SidePut
Expiry28 Aug 2026
Strike135.00
Volume-
OI-
IV-
ContractRTX260828P00217500
SidePut
Expiry28 Aug 2026
Strike217.50
Volume-
OI-
IV-
Research Graph
Related research and context
Sharemaestro research
Related News
No recent ticker-specific news yet.
Market Watch
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Plain English Guide
Options context
What usually looks constructive
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Options can move quickly and can lose value fast. Treat this as research context, not a buy or sell instruction.