Primary read
Bullish
Call-side pressure
Ticker Options Intelligence
RIVN options intelligence
Rivian Automotive Inc options pressure, expected move, strike concentration, and Sharemaestro trend context.
Conviction
48
Market data through 31 Jul 2026
Checked 3 Aug 2026 14:24 · complete available chain
Call-side pressure
Bullish pressure
RIVN currently carries bullish options pressure with a 48/100 conviction score. The nearest-chain expected move is 6.4%, with volume/open-interest participation at 0.08.
Expected move
6.4%
Wider near-term move priced
Activity / OI
0.08
Current volume is quieter versus prior open interest
Put-call
0.29
Call-side skew
Trend fit
35
Options are not fully confirming trend
Weekly backdrop
-3.9%
RS -10.9
Expected move
6.4%
Put-call volume
0.29
Volume / OI
0.08
Reference IV
0.59
Max pain
16.00
Underlying
15.22
Nearest expiry
7 Aug 2026
Contracts
906
Research Brief
RIVN has a bullish chain read with 48/100 evidence alignment.
The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 14.24–16.20; The largest call open-interest concentration is 16.50; the largest put concentration is 15.00. The most active strike by current volume is 16.50.
Priced range14.24–16.20
Call concentration16.50
Put concentration15.00
Max pain reference16.00
- 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.
Priced Move
Where the chain says movement becomes exceptional
Options imply 14.24 to 16.20. Max pain at 16.00 sits inside that range, 5.1% above spot.
Spot
Max pain
14.2415.22 ± 0.9816.20
Confirmation level
A close beyond 16.20 or below 14.24 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 48/100
Pressure is 55/100 toward calls; conviction uses its strength, while the signal label carries its direction.
Directional pressure55 × 42%
+23.2
How strongly activity leans toward calls or puts.
Participation42 × 22%
+9.2
Volume relative to existing open interest and contract-level activity.
Trend agreement35 × 26%
+9.0
How closely the chain read agrees with the underlying trend backdrop.
Volatility67 × 10%
+6.7
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 16.50; the largest put concentration is 15.00. The most active strike by current volume is 16.50. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.
Put open interestStrikeCall open interest
1103
13.00-14.6%
106
1166
13.50-11.3%
42
758
14.00-8.0%
64
515
14.50-4.7%
56
4016
15.00-1.4%
184
993
15.501.8%
164
988
16.005.1%
1764
763
16.508.4%
8489
420
17.0011.7%
1467
551
17.5015.0%
4340
255
18.0018.3%
1824
152
18.5021.6%
593
122
19.0024.8%
1596
25
19.5028.1%
570
38
20.0031.4%
6926
5
21.0038.0%
2038
90
24.0057.7%
1957
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+$4.0MDelta change / 1% move
Positive peak20.00+$2.0M
Negative peak12.00-$783,160
Nearest balance16.10Interpolated sign change
StrikeNegativePositiveNet / 1% move
10.00-34.3%
-$402,087
10.50-31.0%
+$256
11.00-27.7%
-$96,357
11.50-24.4%
+$145
12.00-21.2%
-$783,160
12.50-17.9%
-$96,215
13.00-14.6%
-$446,264
13.50-11.3%
-$58,858
14.00-8.0%
-$347,808
14.50-4.7%
-$106,970
15.00-1.4%
-$772,575
15.501.8%
-$124,429
16.005.1%
-$85,547
16.508.4%
+$350,123
17.0011.7%
+$923,062
17.5015.0%
+$85,862
18.0018.3%
+$461,680
18.5021.6%
+$15,688
19.0024.8%
+$172,265
19.5028.1%
+$12,293
20.0031.4%
+$2.0M
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
Back-loaded volatility
Longer-dated options carry more implied volatility than the front expiry, so risk is priced farther out.
0.59
7 Aug
7d
0.59
14 Aug
14d
0.62
21 Aug
21d
0.62
28 Aug
28d
0.59
4 Sep
35d
0.61
11 Sep
42d
0.63
18 Sep
49d
0.64
16 Oct
77d
Volatility by Strike
Upside optionality premium
Out-of-the-money calls carry higher implied volatility than comparable puts, indicating richer upside optionality.
13
13
14
14
15
15
16
16
17
17
18
18
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 0% of the time.
Directional follow-through0%
Moves contained by pricing100%
Average expiry move3.9%
30 Jul
Bullish · 44
-3.9% through expiry
9.7% 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 quotes100%
Open interest100%
- Chain status
- Complete available chain
- Market date
- 31 Jul 2026
- Calculation
- v2.0
- Contracts
- 906 / 906
- 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
Options activity is concentrated around a live event window, so the cleanest read is event positioning rather than pure direction.
Options are leaning call-side while the stock is down on the week, a divergence that needs price confirmation.
Earnings/event positioning matters because it connects the options headline to the actual evidence: $15.3M of estimated gross traded notional, calls · 91+ days · otm, and a bullish flow against weak price backdrop. Use it as a research priority signal, then validate the chart, liquidity, event calendar, and risk before acting.
Options pressure+55
1W price-3.9%
Call premium78%
Put premium22%
Notional split
C 78% / P 22%
Estimated gross traded notional uses volume × contract multiplier × midpoint, or last price when no valid midpoint is available.
Freshness
0.08
Volume divided by open interest across the visible chain.
Trend fit
35/100
Agreement between options pressure and Sharemaestro market context.
Event window
4 Aug
Matched earnings event is 1 days away.
Aggregate chain data does not identify trade aggressor or opening versus closing activity; call/put concentration is not proof of market direction.
Calls · 91+ days · OTM
calls cluster with 16576 contracts traded, $3.8M estimated gross traded notional, and 25% of visible notional.
$3.8M
Calls · 91+ days · ATM
calls cluster with 5410 contracts traded, $3.2M estimated gross traded notional, and 21% of visible notional.
$3.2M
Calls · 91+ days · ITM
calls cluster with 1557 contracts traded, $1.0M estimated gross traded notional, and 7% of visible notional.
$1.0M
Calls · 46-90 days · OTM
calls cluster with 14888 contracts traded, $965,680 estimated gross traded notional, and 6% of visible notional.
$965,680
Calls · 0-7 days · OTM
calls cluster with 53783 contracts traded, $555,420 estimated gross traded notional, and 4% of visible notional.
$555,420
Setup Classification
Opportunity and risk frame
The tape is pricing or displaying unusually elevated activity.
Expected move or upcoming earnings makes the setup more event-sensitive.
Options positioning is not confirming the underlying trend context.
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
Close15.22
1W-3.9%
RS-10.9
Fair value+3.3%
Options pressure55
Speculation42
Volatility67
Trend fit35
Today Versus Normal
Stored-options context
30d avg - · 3/10 sessions
-
90d avg - · 3/30 sessions
-
180d avg - · 3/60 sessions
-
30d avg - · 3/10 sessions
-
90d avg - · 3/30 sessions
-
180d avg - · 3/60 sessions
-
30d avg - · 3/10 sessions
-
90d avg - · 3/30 sessions
-
180d avg - · 3/60 sessions
-
30d avg - · 3/10 sessions
-
90d avg - · 3/30 sessions
-
180d avg - · 3/60 sessions
-
Pressure Trail
Recent pressure and volatility
29 Jul 10:19
Bullish
Pressure 32
Move 11.2%
30 Jul 10:14
Bullish
Pressure 43
Move 10.2%
31 Jul 06:43
Bullish
Pressure 53
Move 9.7%
2 Aug 02:17
Bullish
Pressure 46
Move 6.4%
3 Aug 13:24
Bullish
Pressure 55
Move 6.4%
Strike Map
Where activity is clustering
Strike5.00
Calls · V 0 · OI 25
Puts · V 0 · OI 0
Strike9.00
Calls · V 1 · OI 137
Puts · V 0 · OI 5
Strike9.50
Calls · V 0 · OI 56
Puts · V 0 · OI 5
Strike10.00
Calls · V 1 · OI 41
Puts · V 0 · OI 9
Strike10.50
Calls · V 1 · OI 33
Puts · V 0 · OI 7
Strike11.00
Calls · V 28 · OI 25
Puts · V 4 · OI 42
Strike11.50
Calls · V 0 · OI 3
Puts · V 0 · OI 7
Strike12.00
Calls · V 10 · OI 5
Puts · V 0 · OI 55
Term Structure
Expiration activity
Expiry7 Aug 2026
Contracts70
Avg IV0.59
Put-call0.29
Expiry14 Aug 2026
Contracts64
Avg IV0.59
Put-call0.27
Expiry21 Aug 2026
Contracts66
Avg IV0.62
Put-call0.56
Expiry28 Aug 2026
Contracts60
Avg IV0.62
Put-call0.88
Expiry4 Sep 2026
Contracts60
Avg IV0.59
Put-call0.30
Skew
Call/put IV balance
7 Aug 2026Balanced skew
Call IV0.61
Put IV0.57
Skew-0.04
14 Aug 2026Call IV premium
Call IV0.64
Put IV0.58
Skew-0.06
21 Aug 2026Balanced skew
Call IV0.64
Put IV0.59
Skew-0.05
28 Aug 2026Balanced skew
Call IV0.63
Put IV0.60
Skew-0.03
4 Sep 2026Balanced skew
Call IV0.62
Put IV0.57
Skew-0.05
Contract Tape
Most active contracts
ContractRIVN260807C00016500
SideCall
Expiry7 Aug 2026
Strike16.50
Volume21337
OI8489
IV0.64
ContractRIVN260807C00019000
SideCall
Expiry7 Aug 2026
Strike19.00
Volume6804
OI1596
IV0.89
ContractRIVN260807C00016000
SideCall
Expiry7 Aug 2026
Strike16.00
Volume6029
OI1764
IV0.61
ContractRIVN260807P00015000
SidePut
Expiry7 Aug 2026
Strike15.00
Volume5639
OI4016
IV0.57
ContractRIVN260807C00017000
SideCall
Expiry7 Aug 2026
Strike17.00
Volume4868
OI1467
IV0.68
ContractRIVN260807C00018000
SideCall
Expiry7 Aug 2026
Strike18.00
Volume4447
OI1824
IV0.76
ContractRIVN260807C00020000
SideCall
Expiry7 Aug 2026
Strike20.00
Volume4305
OI6926
IV0.88
ContractRIVN260807P00015500
SidePut
Expiry7 Aug 2026
Strike15.50
Volume4264
OI993
IV0.57
Research Graph
Related research and context
Sharemaestro research
Related News
No recent ticker-specific news yet.
Market Watch
No recent market-watch posts yet.
Earnings
Plain English Guide
Options context
What usually looks constructive
What usually looks cautious
Options can move quickly and can lose value fast. Treat this as research context, not a buy or sell instruction.