Ticker Options Intelligence

RELL options intelligence

Richardson Electronics Ltd options pressure, expected move, strike concentration, and Sharemaestro trend context.

Conviction 54 Market data through 31 Jul 2026 Checked 31 Jul 2026 18:44 · complete available chain

Volatility expansion watch

Volatility pressure

RELL currently carries volatility options pressure with a 54/100 conviction score. The nearest-chain expected move is 21.9%, with volume/open-interest participation at 0.05.

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

Volatility expansion watch

Expected move 21.9%

Wider near-term move priced

Activity / OI 0.05

Current volume is quieter versus prior open interest

Put-call 0.34

Call-side skew

Trend fit 48

Options are not fully confirming trend

Weekly backdrop +1.8%

RS 35.1

Expected move 21.9%
Put-call volume 0.34
Volume / OI 0.05
Reference IV 0.97
Max pain 17.50
Underlying 17.96
Nearest expiry 21 Aug 2026
Contracts 66

Research Brief

RELL has a volatility chain read with 54/100 evidence alignment.

The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 14.03–21.89; The largest call open-interest concentration is 25.00; the largest put concentration is 15.00. The most active strike by current volume is 15.00.

Priced range14.03–21.89
Call concentration25.00
Put concentration15.00
Max pain reference17.50
What would confirm it
  • A clear directional pressure reading develops and price begins to agree.
What would weaken it
  • Volatility falls and the chain remains directionally mixed.
  • 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 14.03 to 21.89. Max pain at 17.50 sits inside that range, 2.6% below spot.

Spot Max pain
14.0317.96 ± 3.9321.89
Confirmation level

A close beyond 21.89 or below 14.03 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 54/100

Evidence alignment, not probability

Pressure is 58/100 toward calls; conviction uses its strength, while the signal label carries its direction.

Directional pressure58 × 42%
+24.3

How strongly activity leans toward calls or puts.

Participation33 × 22%
+7.3

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

Trend agreement48 × 26%
+12.6

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

Volatility96 × 10%
+9.6

The intensity of implied volatility and the priced move.

Reconstructed score53.7Matches stored calculation

Positioning by Strike

Where open interest and current activity concentrate

Full strike map

The largest call open-interest concentration is 25.00; the largest put concentration is 15.00. The most active strike by current volume is 15.00. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.

Put open interestStrikeCall open interest
1
5.00-72.2%
0
2
7.50-58.2%
0
5
10.00-44.3%
5
275
15.00-16.5%
54
224
17.50-2.6%
203
110
20.0011.4%
156
10
22.5025.3%
185
1
25.0039.2%
465
0
30.0067.0%
62
0
35.0094.9%
4
Nearest spot strike Max pain strikeBars show relative OI within this expiry

Volatility Curve

Balanced volatility curve

1.05× front/back

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

0.97 21 Aug 21d
1.04 18 Sep 49d
0.94 18 Dec 140d
0.93 19 Mar 231d

Volatility by Strike

Upside optionality premium

Nearest expiry, within 20% of spot

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

15
18
20
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
66 / 66
  • 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

Volatility expansion bet

92/100
Primary intent Volatility expansion bet

The strongest message is movement risk: expected move and implied volatility are carrying more signal than direction.

Flow vs price divergence Volatility flow versus price

Options are pricing movement more than direction; compare expected move with the stock's actual weekly change.

Why this matters

Volatility expansion bet matters because it connects the options headline to the actual evidence: $298895 of estimated gross traded notional, calls · 46-90 days · itm, and a volatility flow versus price backdrop. Use it as a research priority signal, then validate the chart, liquidity, event calendar, and risk before acting.

Options pressure+58
1W price+1.8%
Call premium85%
Put premium15%
Notional split C 85% / P 15% Estimated gross traded notional uses volume × contract multiplier × midpoint, or last price when no valid midpoint is available.
Freshness 0.05 Volume divided by open interest across the visible chain.
Trend fit 48/100 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.
Conviction clusters Calls · 46-90 days · ITM
Calls · 46-90 days · ITM calls cluster with 123 contracts traded, $115988 estimated gross traded notional, and 39% of visible notional.
$115988
Calls · 8-21 days · ITM calls cluster with 213 contracts traded, $83658 estimated gross traded notional, and 28% of visible notional.
$83658
Calls · 91+ days · ITM calls cluster with 36 contracts traded, $25020 estimated gross traded notional, and 8% of visible notional.
$25020
Calls · 91+ days · OTM calls cluster with 99 contracts traded, $24672 estimated gross traded notional, and 8% of visible notional.
$24672
Puts · 91+ days · ITM puts cluster with 20 contracts traded, $13650 estimated gross traded notional, and 5% of visible notional.
$13650

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.

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
Close18.29
1W+1.8%
RS35.1
Fair value+59.5%
Options pressure58
Speculation33
Volatility96
Trend fit48

Today Versus Normal

Stored-options context

View history
Expected move 21.9% history building
30d avg - · 3/10 sessions -
90d avg - · 3/30 sessions -
180d avg - · 3/60 sessions -
IV 0.97 history building
30d avg - · 3/10 sessions -
90d avg - · 3/30 sessions -
180d avg - · 3/60 sessions -
Put-call 0.34 history building
30d avg - · 3/10 sessions -
90d avg - · 3/30 sessions -
180d avg - · 3/60 sessions -
Volume/OI 0.05 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 11:39 Mixed
Pressure -17
Move 20.3%
30 Jul 11:18 Volatility
Pressure 78
Move 18.5%
31 Jul 10:52 Bullish
Pressure 30
Move 15.5%
31 Jul 13:51 Volatility
Pressure 61
Move 17.7%
31 Jul 15:52 Volatility
Pressure 60
Move 21.9%
31 Jul 17:16 Volatility
Pressure 59
Move 21.9%
31 Jul 17:44 Volatility
Pressure 58
Move 21.9%

Strike Map

Where activity is clustering

Full strike map
Strike5.00
Calls · V 0 · OI 0
Puts · V 0 · OI 1
Strike7.50
Calls · V 0 · OI 0
Puts · V 0 · OI 2
Strike10.00
Calls · V 5 · OI 5
Puts · V 2 · OI 5
Strike15.00
Calls · V 207 · OI 54
Puts · V 20 · OI 275
Strike17.50
Calls · V 1 · OI 203
Puts · V 3 · OI 224
Strike20.00
Calls · V 20 · OI 156
Puts · V 15 · OI 110
Strike22.50
Calls · V 15 · OI 185
Puts · V 1 · OI 10
Strike25.00
Calls · V 7 · OI 465
Puts · V 1 · OI 1

Term Structure

Expiration activity

Volume and IV
Expiry21 Aug 2026
Contracts16
Avg IV0.97
Put-call0.16
Expiry18 Sep 2026
Contracts22
Avg IV1.04
Put-call0.46
Expiry18 Dec 2026
Contracts18
Avg IV0.94
Put-call0.68
Expiry19 Mar 2027
Contracts10
Avg IV0.93
Put-call0.38

Skew

Call/put IV balance

OTM demand
21 Aug 2026Put IV premium
Call IV1.00
Put IV1.17
Skew0.17
18 Sep 2026Put IV premium
Call IV0.86
Put IV1.13
Skew0.27
18 Dec 2026Balanced skew
Call IV0.91
Put IV0.87
Skew-0.05
19 Mar 2027Balanced skew
Call IV0.93
Put IV0.97
Skew0.04

Contract Tape

Most active contracts

Full contract tape
ContractRELL260918P00005000
SidePut
Expiry18 Sep 2026
Strike5.00
Volume-
OI3
IV3.89
ContractRELL260821P00007500
SidePut
Expiry21 Aug 2026
Strike7.50
Volume-
OI2
IV4.04
ContractRELL260821P00005000
SidePut
Expiry21 Aug 2026
Strike5.00
Volume-
OI1
IV2.39
ContractRELL270319P00020000
SidePut
Expiry19 Mar 2027
Strike20.00
Volume-
OI1
IV0.93
ContractRELL260918C00007500
SideCall
Expiry18 Sep 2026
Strike7.50
Volume-
OI-
IV0.00
ContractRELL260918P00002500
SidePut
Expiry18 Sep 2026
Strike2.50
Volume-
OI-
IV2.41
ContractRELL261218C00002500
SideCall
Expiry18 Dec 2026
Strike2.50
Volume-
OI-
IV1.73
ContractRELL260821C00015000
SideCall
Expiry21 Aug 2026
Strike15.00
Volume207
OI54
IV0.95