Primary read
Mixed
Options-market disagreement
Ticker Options Intelligence
RYAAY options intelligence
Ryanair Holdings PLC ADR options pressure, expected move, strike concentration, and Sharemaestro trend context.
Conviction
26
Market data through 30 Jul 2026
Checked 31 Jul 2026 11:04 · complete available chain
Options-market disagreement
Mixed pressure
RYAAY currently carries mixed options pressure with a 26/100 conviction score. The nearest-chain expected move is 12.2%, with volume/open-interest participation at 0.01.
Expected move
12.2%
Wider near-term move priced
Activity / OI
0.01
Current volume is quieter versus prior open interest
Put-call
0.93
Balanced tape
Trend fit
66
Options agree with trend context
Weekly backdrop
+2.9%
RS -15.0
Expected move
12.2%
Put-call volume
0.93
Volume / OI
0.01
Reference IV
0.32
Max pain
65.00
Underlying
56.85
Nearest expiry
21 Aug 2026
Contracts
108
Research Brief
RYAAY has a mixed chain read with 26/100 evidence alignment.
The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 49.90–63.80; The largest call open-interest concentration is 70.00; the largest put concentration is 55.00. The most active strike by current volume is 60.00.
Priced range49.90–63.80
Call concentration70.00
Put concentration55.00
Max pain reference65.00
- A clear directional pressure reading develops and price begins to agree.
- The current chain read already agrees with the stored weekly trend context.
- Volatility falls and the chain remains directionally mixed.
Priced Move
Where the chain says movement becomes exceptional
Options imply 49.90 to 63.80. Max pain at 65.00 lies outside the priced range, so it is a weak near-term anchor.
Spot
Max pain
49.9056.85 ± 6.9563.80
Confirmation level
A close beyond 63.80 or below 49.90 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 26/100
Pressure is 6/100 toward puts; conviction uses its strength, while the signal label carries its direction.
Directional pressure6 × 42%
+2.7
How strongly activity leans toward calls or puts.
Participation1 × 22%
+0.3
Volume relative to existing open interest and contract-level activity.
Trend agreement66 × 26%
+17.0
How closely the chain read agrees with the underlying trend backdrop.
Volatility63 × 10%
+6.3
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 70.00; the largest put concentration is 55.00. The most active strike by current volume is 60.00. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.
Put open interestStrikeCall open interest
0
35.00-38.4%
0
0
40.00-29.6%
0
17
45.00-20.8%
0
324
50.00-12.0%
0
431
55.00-3.3%
1
117
60.005.5%
29
204
65.0014.3%
80
62
70.0023.1%
685
0
75.0031.9%
13
0
80.0040.7%
1
0
85.0049.5%
0
0
90.0058.3%
7
Nearest spot strike Max pain strikeBars show relative OI within this expiry
Volatility Curve
Back-loaded volatility
Longer-dated options carry more implied volatility than the front expiry, so risk is priced farther out.
0.32
21 Aug
22d
0.38
18 Sep
50d
0.40
18 Dec
141d
0.38
19 Mar
232d
Volatility by Strike
Downside protection premium
Out-of-the-money puts carry higher implied volatility than comparable calls, indicating richer downside protection.
50
55
60
65
Put IV Call IV
Historical Replay
How matured reads behaved through expiry
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
Usable with limits
Retained chain100%
Implied volatility100%
Two-sided quotes100%
Open interest100%
- Chain status
- Complete available chain
- Market date
- 30 Jul 2026
- Calculation
- v2.0
- Contracts
- 108 / 108
- 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.
The options read is mixed, so divergence is not strong enough to classify.
Multi-expiry position-maintenance candidate matters because it connects the options headline to the actual evidence: $7005 of estimated gross traded notional, puts · 46-90 days · itm, and a no clean flow/price divergence backdrop. Use it as a research priority signal, then validate the chart, liquidity, event calendar, and risk before acting.
Options pressure-6
1W price+2.9%
Call premium49%
Put premium51%
Notional split
C 49% / P 51%
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
66/100
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.
Puts · 46-90 days · ITM
puts cluster with 11 contracts traded, $3465 estimated gross traded notional, and 49% of visible notional.
$3465
Calls · 91+ days · OTM
calls cluster with 6 contracts traded, $2102 estimated gross traded notional, and 30% of visible notional.
$2102
Calls · 8-21 days · OTM
calls cluster with 4 contracts traded, $870 estimated gross traded notional, and 12% of visible notional.
$870
Calls · 46-90 days · OTM
calls cluster with 5 contracts traded, $478 estimated gross traded notional, and 7% of visible notional.
$478
Puts · 8-21 days · OTM
puts cluster with 3 contracts traded, $90 estimated gross traded notional, and 1% of visible notional.
$90
Setup Classification
Opportunity and risk frame
Positioning agrees with the Sharemaestro trend backdrop.
The tape is pricing or displaying unusually elevated activity.
Expected move or upcoming earnings makes the setup more event-sensitive.
Activity Anomaly
Warming up
2 of 10 completed market sessions are available. More session history is needed before activity can be compared with a reliable normal.
Baseline: 2 completed sessions
Volume rank-
Volume/OI rank-
IV rank-
Market Context
Underlying confirmation
Close58.51
1W+2.9%
RS-15.0
Fair value+13.1%
Options pressure-6
Speculation1
Volatility63
Trend fit66
Today Versus Normal
Stored-options context
30d avg - · 2/10 sessions
-
90d avg - · 2/30 sessions
-
180d avg - · 2/60 sessions
-
30d avg - · 2/10 sessions
-
90d avg - · 2/30 sessions
-
180d avg - · 2/60 sessions
-
30d avg - · 1/10 sessions
-
90d avg - · 1/30 sessions
-
180d avg - · 1/60 sessions
-
30d avg - · 2/10 sessions
-
90d avg - · 2/30 sessions
-
180d avg - · 2/60 sessions
-
Pressure Trail
Recent pressure and volatility
29 Jul 10:13
Mixed
Pressure 4
Move 12.7%
30 Jul 10:10
Volatility
Pressure -100
Move 10.8%
31 Jul 10:04
Mixed
Pressure -6
Move 12.2%
Strike Map
Where activity is clustering
Strike35.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike40.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike45.00
Calls · V 0 · OI 0
Puts · V 0 · OI 17
Strike50.00
Calls · V 0 · OI 0
Puts · V 3 · OI 324
Strike55.00
Calls · V 0 · OI 1
Puts · V 0 · OI 431
Strike60.00
Calls · V 4 · OI 29
Puts · V 0 · OI 117
Strike65.00
Calls · V 0 · OI 80
Puts · V 0 · OI 204
Strike70.00
Calls · V 0 · OI 685
Puts · V 0 · OI 62
Term Structure
Expiration activity
Expiry21 Aug 2026
Contracts24
Avg IV0.32
Put-call0.75
Expiry18 Sep 2026
Contracts32
Avg IV0.38
Put-call2.20
Expiry18 Dec 2026
Contracts26
Avg IV0.40
Put-call-
Expiry19 Mar 2027
Contracts26
Avg IV0.38
Put-call-
Skew
Call/put IV balance
21 Aug 2026Put IV premium
Call IV0.45
Put IV0.57
Skew0.12
18 Sep 2026Put IV premium
Call IV0.34
Put IV0.41
Skew0.08
18 Dec 2026Put IV premium
Call IV0.37
Put IV0.43
Skew0.07
19 Mar 2027Put IV premium
Call IV0.35
Put IV0.42
Skew0.08
Contract Tape
Most active contracts
ContractRYAAY260918P00060000
SidePut
Expiry18 Sep 2026
Strike60.00
Volume11
OI197
IV0.39
ContractRYAAY261218C00065000
SideCall
Expiry18 Dec 2026
Strike65.00
Volume5
OI48
IV0.37
ContractRYAAY260821C00060000
SideCall
Expiry21 Aug 2026
Strike60.00
Volume4
OI29
IV0.35
ContractRYAAY260821P00050000
SidePut
Expiry21 Aug 2026
Strike50.00
Volume3
OI324
IV0.31
ContractRYAAY260918C00070000
SideCall
Expiry18 Sep 2026
Strike70.00
Volume3
OI90
IV0.38
ContractRYAAY260918C00065000
SideCall
Expiry18 Sep 2026
Strike65.00
Volume2
OI85
IV0.34
ContractRYAAY261218C00075000
SideCall
Expiry18 Dec 2026
Strike75.00
Volume1
OI84
IV0.37
ContractRYAAY260918P00055000
SidePut
Expiry18 Sep 2026
Strike55.00
Volume-
OI861
IV0.41
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
No upcoming matched earnings event.
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.