Ticker Options Intelligence

RDY options intelligence

Dr. Reddy’s Laboratories Ltd ADR options pressure, expected move, strike concentration, and Sharemaestro trend context.

Conviction 31 Market data through 11 Aug 2026 Checked 12 Aug 2026 11:44 · complete available chain

Call-side pressure

Bullish pressure

RDY currently carries bullish options pressure with a 31/100 conviction score. The nearest-chain expected move is 5.9%, with volume/open-interest participation at 0.01.

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

Call-side pressure

Expected move 5.9%

Near-term move context

Activity / OI 0.01

Current volume is quieter versus prior open interest

Put-call 0.67

Call-side skew

Trend fit 40

Options are not fully confirming trend

Weekly backdrop +3.1%

RS -21.1

Expected move 5.9%
Put-call volume 0.67
Volume / OI 0.01
Reference IV 0.69
Max pain 12.50
Underlying 12.22
Nearest expiry 21 Aug 2026
Contracts 80

Research Brief

RDY has a bullish chain read with 31/100 evidence alignment.

The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 11.50–12.94; The largest call open-interest concentration is 17.50; the largest put concentration is 12.50. The most active strike by current volume is 12.50.

Priced range11.50–12.94
Call concentration17.50
Put concentration12.50
Max pain reference12.50
What would confirm it
  • Price holds or improves while call-side concentration remains elevated.
What would weaken it
  • 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

Size, not direction · through 21 Aug

Options imply 11.50 to 12.94. Max pain at 12.50 sits inside that range, 2.3% above spot.

Spot Max pain
11.5012.22 ± 0.7212.94
Confirmation level

A close beyond 12.94 or below 11.50 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 31/100

Evidence alignment, not probability

Pressure is 28/100 toward calls; conviction uses its strength, while the signal label carries its direction.

Directional pressure28 × 42%
+11.6

How strongly activity leans toward calls or puts.

Participation8 × 22%
+1.8

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

Trend agreement40 × 26%
+10.5

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

Volatility72 × 10%
+7.2

The intensity of implied volatility and the priced move.

Reconstructed score31.1Matches stored calculation

Positioning by Strike

Where open interest and current activity concentrate

Full strike map

The largest call open-interest concentration is 17.50; the largest put concentration is 12.50. The most active strike by current volume is 12.50. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.

Put open interestStrikeCall open interest
10
2.50-79.5%
0
2
5.00-59.1%
0
2
7.50-38.6%
0
1
10.00-18.2%
4
121
12.502.3%
46
0
15.0022.7%
10
0
17.5043.2%
50
0
20.0063.7%
0
0
22.5084.1%
0
0
25.00104.6%
0
Nearest spot strike Max pain strikeBars show relative OI within this expiry

Gamma Profile by Strike

Balanced gamma proxy

Reported Greeks · 97% coverage

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+$1,904Delta change / 1% move
Positive peak10.00+$2,017
Negative peak12.50-$1,922
Nearest balance11.28Interpolated sign change
StrikeNegativePositiveNet / 1% move
2.50-79.5%
-$2
5.00-59.1%
-$1
7.50-38.6%
-$5
10.00-18.2%
+$2,017
12.502.3%
-$1,922
15.0022.7%
+$1,353
17.5043.2%
+$373
20.0063.7%
+$24
25.00104.6%
+$67
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

1.80× front/back

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

0.69 21 Aug 10d
0.55 18 Sep 38d
0.39 18 Dec 129d
0.39 19 Mar 220d

Volatility by Strike

Smile incomplete

Nearest expiry, within 20% of spot

There is not enough comparable OTM call and put volatility to classify the smile.

10
13
Put IV Call IV

Historical Replay

How matured reads behaved through expiry

0 matured · 0 directional

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

C69/100
Retained chain100%
Implied volatility100%
Two-sided quotes100%
Open interest100%
Chain status
Complete available chain
Market date
11 Aug 2026
Calculation
v2.0
Contracts
80 / 80
  • 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

58/100
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 Bullish flow confirms price

Options pressure and weekly price action are pointing in the same constructive direction.

Why this matters

Multi-expiry position-maintenance candidate matters because it connects the options headline to the actual evidence: $212 of estimated gross traded notional, puts · 91+ days · atm, 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+28
1W price+3.1%
Call premium51%
Put premium49%
Notional split C 51% / P 49% Estimated gross traded notional uses volume × contract multiplier × midpoint, or last price when no valid midpoint is available.
Freshness 0.01 Volume divided by open interest across the visible chain.
Trend fit 40/100 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 Puts · 91+ days · ATM
Puts · 91+ days · ATM puts cluster with 1 contracts traded, $92 estimated gross traded notional, and 44% of visible notional.
$92
Calls · 91+ days · OTM calls cluster with 1 contracts traded, $58 estimated gross traded notional, and 27% of visible notional.
$58
Calls · 8-21 days · ATM calls cluster with 2 contracts traded, $50 estimated gross traded notional, and 24% of visible notional.
$50
Puts · 8-21 days · OTM puts cluster with 1 contracts traded, $12 estimated gross traded notional, and 6% of visible notional.
$12

Setup Classification

Opportunity and risk frame

Context, not advice
Warning Volatility expansion

The tape is pricing or displaying unusually elevated activity.

Warning Crowded strike risk

Underlying price is close to the max-pain zone.

Activity Anomaly

Normal range

53

Activity is broadly in line with recent stored snapshots.

Baseline: 10 completed sessions

Volume rank40th
Volume/OI rank30th
IV rank90th

Market Context

Underlying confirmation

Sharemaestro weekly
Close12.22
1W+3.1%
RS-21.1
Fair value-13.6%
Options pressure28
Speculation8
Volatility72
Trend fit40

Today Versus Normal

Stored-options context

View history
Expected move 5.9% muted
30d avg 8.9% · 10 sessions 10th
90d avg - · 10/30 sessions -
180d avg - · 10/60 sessions -
IV 0.69 elevated
30d avg 0.52 · 10 sessions 90th
90d avg - · 10/30 sessions -
180d avg - · 10/60 sessions -
Put-call 0.67 history building
30d avg - · 7/10 sessions -
90d avg - · 7/30 sessions -
180d avg - · 7/60 sessions -
Volume/OI 0.01 near normal
30d avg 0.06 · 10 sessions 30th
90d avg - · 10/30 sessions -
180d avg - · 10/60 sessions -

Pressure Trail

Recent pressure and volatility

Open trail
29 Jul 10:26 Bullish
Pressure 99
Move 13.4%
30 Jul 10:22 Bullish
Pressure 34
Move 8.7%
31 Jul 10:11 Mixed
Pressure 7
Move 9.1%
3 Aug 12:34 Mixed
Pressure 7
Move 10.3%
4 Aug 10:12 Bullish
Pressure 94
Move 9.5%
4 Aug 19:54 Mixed
Pressure -2
Move 7.8%
5 Aug 17:57 Mixed
Pressure -6
Move 8.6%
7 Aug 10:26 Bearish
Pressure -92
Move 8.7%

Strike Map

Where activity is clustering

Full strike map
Strike2.50
Calls · V 0 · OI 0
Puts · V 1 · OI 10
Strike5.00
Calls · V 0 · OI 0
Puts · V 0 · OI 2
Strike7.50
Calls · V 0 · OI 0
Puts · V 0 · OI 2
Strike10.00
Calls · V 0 · OI 4
Puts · V 0 · OI 1
Strike12.50
Calls · V 2 · OI 46
Puts · V 0 · OI 121
Strike15.00
Calls · V 0 · OI 10
Puts · V 0 · OI 0
Strike17.50
Calls · V 0 · OI 50
Puts · V 0 · OI 0
Strike20.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0

Term Structure

Expiration activity

Volume and IV
Expiry21 Aug 2026
Contracts20
Avg IV0.69
Put-call0.50
Expiry18 Sep 2026
Contracts20
Avg IV0.55
Put-call-
Expiry18 Dec 2026
Contracts20
Avg IV0.39
Put-call-
Expiry19 Mar 2027
Contracts20
Avg IV0.39
Put-call-

Skew

Call/put IV balance

OTM demand
21 Aug 2026Put IV premium
Call IV0.55
Put IV0.66
Skew0.11
18 Sep 2026Put IV premium
Call IV0.28
Put IV0.35
Skew0.07
18 Dec 2026Call IV premium
Call IV0.39
Put IV0.19
Skew-0.20
19 Mar 2027Balanced skew
Call IV0.41
Put IV0.39
Skew-0.03

Contract Tape

Most active contracts

Full contract tape
ContractRDY260821C00012500
SideCall
Expiry21 Aug 2026
Strike12.50
Volume2
OI46
IV0.33
ContractRDY261218P00012500
SidePut
Expiry18 Dec 2026
Strike12.50
Volume1
OI22
IV0.34
ContractRDY260821P00002500
SidePut
Expiry21 Aug 2026
Strike2.50
Volume1
OI10
IV4.06
ContractRDY270319C00015000
SideCall
Expiry19 Mar 2027
Strike15.00
Volume1
OI1
IV0.34
ContractRDY260918C00010000
SideCall
Expiry18 Sep 2026
Strike10.00
Volume-
OI185
IV0.70
ContractRDY260918C00015000
SideCall
Expiry18 Sep 2026
Strike15.00
Volume-
OI162
IV0.28
ContractRDY260821P00012500
SidePut
Expiry21 Aug 2026
Strike12.50
Volume-
OI121
IV0.56
ContractRDY261218C00012500
SideCall
Expiry18 Dec 2026
Strike12.50
Volume-
OI60
IV0.35

Evidence context