Primary read
Volatility
Volatility expansion watch
Ticker Options Intelligence
RXT options intelligence
Rackspace Technology Inc options pressure, expected move, strike concentration, and Sharemaestro trend context.
Conviction
53
Market data through 31 Jul 2026
Checked 2 Aug 2026 12:30 · complete available chain
Volatility expansion watch
Volatility pressure
RXT currently carries volatility options pressure with a 53/100 conviction score. The nearest-chain expected move is 23.6%, with volume/open-interest participation at 0.01.
Expected move
23.6%
Wider near-term move priced
Activity / OI
0.01
Current volume is quieter versus prior open interest
Put-call
0.38
Call-side skew
Trend fit
77
Options agree with trend context
Weekly backdrop
+4.8%
RS 77.0
Expected move
23.6%
Put-call volume
0.38
Volume / OI
0.01
Reference IV
1.30
Max pain
4.50
Underlying
4.13
Nearest expiry
7 Aug 2026
Contracts
368
Research Brief
RXT has a volatility chain read with 53/100 evidence alignment.
The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 3.16–5.10; The largest call open-interest concentration is 4.50; the largest put concentration is 4.00. The most active strike by current volume is 4.00.
Priced range3.16–5.10
Call concentration4.50
Put concentration4.00
Max pain reference4.50
- 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 3.16 to 5.10. Max pain at 4.50 sits inside that range, 9.0% above spot.
Spot
Max pain
3.164.13 ± 0.975.10
Confirmation level
A close beyond 5.10 or below 3.16 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 53/100
Pressure is 48/100 toward calls; conviction uses its strength, while the signal label carries its direction.
Directional pressure48 × 42%
+20.1
How strongly activity leans toward calls or puts.
Participation16 × 22%
+3.6
Volume relative to existing open interest and contract-level activity.
Trend agreement77 × 26%
+20.1
How closely the chain read agrees with the underlying trend backdrop.
Volatility96 × 10%
+9.6
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 4.50; the largest put concentration is 4.00. The most active strike by current volume is 4.00. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.
Put open interestStrikeCall open interest
3
1.00-75.8%
2
2
2.00-51.6%
5
14
2.50-39.5%
0
39
3.00-27.4%
24
139
3.50-15.3%
14
869
4.00-3.1%
617
245
4.509.0%
1151
327
5.0021.1%
807
41
5.5033.2%
69
325
6.0045.3%
314
257
6.5057.4%
388
1
7.0069.5%
327
1
7.5081.6%
5
2
8.0093.7%
16
1
8.50105.8%
16
0
9.00117.9%
35
0
14.00239.0%
10
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.
1.30
7 Aug
7d
1.77
14 Aug
14d
1.60
21 Aug
21d
1.61
28 Aug
28d
1.61
4 Sep
35d
1.55
11 Sep
42d
1.60
18 Sep
49d
1.56
20 Nov
112d
Volatility by Strike
Downside protection premium
Out-of-the-money puts carry higher implied volatility than comparable calls, indicating richer downside protection.
4
4
5
Put IV Call IV
Historical Replay
How matured reads behaved through expiry
Forward validation is building. The earliest eligible stored read expires 31 Jul 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
Retained chain100%
Implied volatility100%
Two-sided quotes100%
Open interest100%
- Chain status
- Complete available chain
- Market date
- 31 Jul 2026
- Calculation
- v2.0
- Contracts
- 368 / 368
- 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 pricing movement more than direction; compare expected move with the stock's actual weekly change.
Earnings/event positioning matters because it connects the options headline to the actual evidence: $85059 of estimated gross traded notional, calls · 91+ days · otm, 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+48
1W price+4.8%
Call premium64%
Put premium36%
Notional split
C 64% / P 36%
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
77/100
Agreement between options pressure and Sharemaestro market context.
Event window
6 Aug
Matched earnings event is 4 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 179 contracts traded, $18885 estimated gross traded notional, and 22% of visible notional.
$18885
Puts · 0-7 days · OTM
puts cluster with 308 contracts traded, $17015 estimated gross traded notional, and 20% of visible notional.
$17015
Calls · 0-7 days · ITM
calls cluster with 204 contracts traded, $8990 estimated gross traded notional, and 11% of visible notional.
$8990
Puts · 8-21 days · ITM
puts cluster with 84 contracts traded, $6805 estimated gross traded notional, and 8% of visible notional.
$6805
Calls · 0-7 days · OTM
calls cluster with 441 contracts traded, $6224 estimated gross traded notional, and 7% of visible notional.
$6224
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
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
Close4.13
1W+4.8%
RS77.0
Fair value+99.9%
Options pressure48
Speculation16
Volatility96
Trend fit77
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 11:11
Volatility
Pressure 26
Move 10.2%
30 Jul 10:57
Volatility
Pressure 61
Move 10.2%
30 Jul 15:13
Volatility
Pressure 57
Move 8.9%
30 Jul 15:43
Volatility
Pressure 58
Move 7.6%
30 Jul 19:51
Volatility
Pressure 61
Move 8.2%
30 Jul 20:12
Volatility
Pressure 62
Move 7.6%
30 Jul 20:57
Volatility
Pressure 62
Move 8.2%
2 Aug 11:30
Volatility
Pressure 48
Move 23.6%
Strike Map
Where activity is clustering
Strike0.50
Calls · V 0 · OI 0
Puts · V 0 · OI 2
Strike1.00
Calls · V 0 · OI 2
Puts · V 0 · OI 3
Strike1.50
Calls · V 0 · OI 0
Puts · V 0 · OI 1
Strike2.00
Calls · V 2 · OI 5
Puts · V 0 · OI 2
Strike2.50
Calls · V 0 · OI 0
Puts · V 0 · OI 14
Strike3.00
Calls · V 7 · OI 24
Puts · V 5 · OI 39
Strike3.50
Calls · V 1 · OI 14
Puts · V 9 · OI 139
Strike4.00
Calls · V 194 · OI 617
Puts · V 294 · OI 869
Term Structure
Expiration activity
Expiry7 Aug 2026
Contracts50
Avg IV1.30
Put-call0.52
Expiry14 Aug 2026
Contracts48
Avg IV1.77
Put-call0.68
Expiry21 Aug 2026
Contracts44
Avg IV1.60
Put-call0.15
Expiry28 Aug 2026
Contracts44
Avg IV1.61
Put-call0.13
Expiry4 Sep 2026
Contracts32
Avg IV1.61
Put-call0.20
Skew
Call/put IV balance
7 Aug 2026Put IV premium
Call IV1.35
Put IV2.84
Skew1.49
14 Aug 2026Put IV premium
Call IV1.69
Put IV1.82
Skew0.13
21 Aug 2026Put IV premium
Call IV1.54
Put IV1.64
Skew0.11
28 Aug 2026Call IV premium
Call IV1.65
Put IV1.56
Skew-0.10
4 Sep 2026Call IV premium
Call IV1.74
Put IV1.57
Skew-0.18
Contract Tape
Most active contracts
ContractRXT260807C00004500
SideCall
Expiry7 Aug 2026
Strike4.50
Volume301
OI1151
IV1.35
ContractRXT260807P00004000
SidePut
Expiry7 Aug 2026
Strike4.00
Volume294
OI869
IV2.84
ContractRXT260807C00004000
SideCall
Expiry7 Aug 2026
Strike4.00
Volume194
OI617
IV1.47
ContractRXT260807C00005000
SideCall
Expiry7 Aug 2026
Strike5.00
Volume128
OI807
IV0.82
ContractRXT260814P00004500
SidePut
Expiry14 Aug 2026
Strike4.50
Volume82
OI175
IV1.79
ContractRXT260814C00005000
SideCall
Expiry14 Aug 2026
Strike5.00
Volume70
OI194
IV1.64
ContractRXT270115C00010000
SideCall
Expiry15 Jan 2027
Strike10.00
Volume66
OI1637
IV1.63
ContractRXT280121C00010000
SideCall
Expiry21 Jan 2028
Strike10.00
Volume32
OI901
IV1.43
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.