Ticker Options Intelligence

RXT options intelligence

Rackspace Technology Inc options pressure, expected move, strike concentration, and Sharemaestro trend context.

Conviction 51 Market data through 17 Sep 2026 Checked 18 Sep 2026 05:41 · complete available chain

Volatility expansion watch

Volatility pressure

RXT currently carries volatility options pressure with a 51/100 conviction score. The nearest-chain expected move is 30.0%, with volume/open-interest participation at 0.08.

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

Volatility expansion watch

Expected move 30.0%

Wider near-term move priced

Activity / OI 0.08

Current volume is quieter versus prior open interest

Put-call 0.19

Call-side skew

Trend fit 0

Options are not fully confirming trend

Weekly backdrop +18.0%

RS 39.7

Expected move 30.0%
Put-call volume 0.19
Volume / OI 0.08
Reference IV 2.45
Max pain 3.50
Underlying 3.22
Nearest expiry 18 Sep 2026
Contracts 330

Research Brief

RXT has a volatility chain read with 51/100 evidence alignment.

The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 2.25–4.19; The largest call open-interest concentration is 3.50; the largest put concentration is 3.50. The most active strike by current volume is 3.50.

Priced range2.25–4.19
Call concentration3.50
Put concentration3.50
Max pain reference3.50
What would confirm it
  • A clear directional pressure reading develops and price begins to agree.
  • Participation is above the ticker's stored normal, which makes the read more noteworthy.
What would weaken it
  • Volatility falls and the chain remains directionally mixed.
  • 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 18 Sep

Options imply 2.25 to 4.19. Max pain at 3.50 sits inside that range, 8.7% above spot.

Spot Max pain
2.253.22 ± 0.974.19
Confirmation level

A close beyond 4.19 or below 2.25 at the 18 Sep 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 51/100

Evidence alignment, not probability

Pressure is 76/100 toward calls; conviction uses its strength, while the signal label carries its direction.

Directional pressure76 × 42%
+31.9

How strongly activity leans toward calls or puts.

Participation42 × 22%
+9.2

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

Trend agreement0 × 26%
+0.0

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 score50.7Matches stored calculation

Positioning by Strike

Where open interest and current activity concentrate

Full strike map

The largest call open-interest concentration is 3.50; the largest put concentration is 3.50. The most active strike by current volume is 3.50. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.

Put open interestStrikeCall open interest
0
0.50-84.5%
4
0
1.00-68.9%
11
0
1.50-53.4%
2
188
2.00-37.9%
4
772
2.50-22.4%
17
931
3.00-6.8%
336
1070
3.508.7%
2006
451
4.0024.2%
1827
1
4.5039.8%
754
1
5.0055.3%
405
11
5.5070.8%
1
3
6.0086.3%
203
1
6.50101.9%
0
0
7.00117.4%
416
0
8.00148.4%
102
0
9.00179.5%
108
0
10.00210.6%
38
Nearest spot strike Max pain strikeBars show relative OI within this expiry

Gamma Profile by Strike

Positive gamma proxy

Reported + model-estimated Greeks · 90% coverage

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+$115,060Delta change / 1% move
Positive peak4.00+$45,748
Negative peak2.00-$2,638
Nearest balance3.51Interpolated sign change
StrikeNegativePositiveNet / 1% move
0.50-84.5%
+$33
1.00-68.9%
-$1,624
1.50-53.4%
+$1
2.00-37.9%
-$2,638
2.50-22.4%
-$909
3.00-6.8%
-$2,379
3.508.7%
-$639
4.0024.2%
+$45,748
4.5039.8%
+$4,684
5.0055.3%
+$31,071
5.5070.8%
-$10
6.0086.3%
+$14,015
6.50101.9%
+$24
7.00117.4%
+$10,964
7.50132.9%
+$1
8.00148.4%
+$2,786
9.00179.5%
+$4,770
10.00210.6%
+$4,294
11.00241.6%
+$34
12.00272.7%
+$3,473
13.00303.7%
+$97
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

2.46× front/back

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

2.45 18 Sep 1d
1.18 25 Sep 8d
0.75 2 Oct 15d
0.76 9 Oct 22d
1.00 16 Oct 29d
0.75 23 Oct 36d
1.05 30 Oct 43d
1.11 20 Nov 64d

Volatility by Strike

Downside protection premium

Nearest expiry, within 20% of spot

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

3
4
Put IV Call IV

Historical Replay

How matured reads behaved through expiry

24 matured · 2 directional

Across 2 stored directional transitions, the next stored price moved in the labelled direction 100% of the time.

Directional follow-through100%
Moves contained by pricing63%
Average expiry move13.1%
17 Sep Volatility · 51 18.0% through expiry 30.0% priced · v2.0
16 Sep Bullish · 44 18.0% through expiry 16.1% priced · v2.0
15 Sep Volatility · 47 18.0% through expiry 14.0% priced · v2.0
14 Sep Volatility · 55 18.0% through expiry 17.2% priced · v2.0
11 Sep Volatility · 52 18.0% through expiry 13.2% priced · v2.0
9 Sep Bullish · 41 0.9% through expiry 7.2% priced · v2.0
4 Sep Volatility · 50 0.9% through expiry 11.8% priced · v2.0
2 Sep Volatility · 55 1.3% through expiry 6.3% priced · v2.0
28 Aug Volatility · 48 1.3% through expiry 13.5% priced · v2.0
26 Aug Volatility · 60 -5.1% through expiry 13.6% priced · v2.0
24 Aug Volatility · 59 -5.1% through expiry 13.6% priced · v2.0
17 Aug Volatility · 61 -21.1% through expiry 8.9% 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

Usable with limits

C69/100
Retained chain100%
Implied volatility100%
Two-sided quotes100%
Open interest100%
Chain status
Complete available chain
Market date
17 Sep 2026
Calculation
v2.0
Contracts
330 / 330
  • 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: $537,437 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+76
1W price+18.0%
Call premium89%
Put premium11%
Notional split C 89% / P 11% 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 0/100 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 · 91+ days · OTM
Calls · 91+ days · OTM calls cluster with 1706 contracts traded, $152,875 estimated gross traded notional, and 28% of visible notional.
$152,875
Calls · 0-7 days · OTM calls cluster with 2711 contracts traded, $69,130 estimated gross traded notional, and 13% of visible notional.
$69,130
Calls · 22-45 days · ITM calls cluster with 504 contracts traded, $63,425 estimated gross traded notional, and 12% of visible notional.
$63,425
Calls · 22-45 days · OTM calls cluster with 1358 contracts traded, $60,455 estimated gross traded notional, and 11% of visible notional.
$60,455
Calls · 46-90 days · OTM calls cluster with 1506 contracts traded, $57,400 estimated gross traded notional, and 11% of visible notional.
$57,400

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.

Negative Options disagreement

Options positioning is not confirming the underlying trend context.

Activity Anomaly

Above normal

80

Activity is running above the recent historical baseline.

Baseline: 25 completed sessions

Volume rank68th
Volume/OI rank72th
IV rank100th

Market Context

Underlying confirmation

Sharemaestro weekly
Close3.80
1W+18.0%
RS39.7
Fair value+78.1%
Options pressure76
Speculation42
Volatility96
Trend fit0

Today Versus Normal

Stored-options context

View history
Expected move 30.0% elevated
30d avg 12.6% · 10 sessions 100th
90d avg - · 25/30 sessions -
180d avg - · 25/60 sessions -
IV 2.45 elevated
30d avg 1.41 · 10 sessions 100th
90d avg - · 25/30 sessions -
180d avg - · 25/60 sessions -
Put-call 0.19 near normal
30d avg 0.38 · 10 sessions 40th
90d avg - · 25/30 sessions -
180d avg - · 25/60 sessions -
Volume/OI 0.08 near normal
30d avg 0.10 · 10 sessions 60th
90d avg - · 25/30 sessions -
180d avg - · 25/60 sessions -

Pressure Trail

Recent pressure and volatility

Open trail
30 Jul 20:57 Volatility
Pressure 62
Move 8.2%
2 Aug 16:13 Volatility
Pressure 48
Move 23.6%
4 Aug 10:34 Volatility
Pressure 87
Move 23.0%
5 Aug 11:05 Volatility
Pressure 77
Move 29.7%
5 Aug 14:45 Volatility
Pressure 79
Move 28.1%
5 Aug 18:11 Volatility
Pressure 73
Move 23.8%
6 Aug 07:04 Volatility
Pressure 76
Move 17.8%
7 Aug 11:41 Volatility
Pressure 67
Move 20.2%

Strike Map

Where activity is clustering

Full strike map
Strike0.50
Calls · V 0 · OI 4
Puts · V 0 · OI 0
Strike1.00
Calls · V 0 · OI 11
Puts · V 0 · OI 0
Strike1.50
Calls · V 0 · OI 2
Puts · V 0 · OI 0
Strike2.00
Calls · V 1 · OI 4
Puts · V 0 · OI 188
Strike2.50
Calls · V 5 · OI 17
Puts · V 0 · OI 772
Strike3.00
Calls · V 109 · OI 336
Puts · V 1 · OI 931
Strike3.50
Calls · V 1266 · OI 2006
Puts · V 170 · OI 1070
Strike4.00
Calls · V 924 · OI 1827
Puts · V 270 · OI 451

Term Structure

Expiration activity

Volume and IV
Expiry18 Sep 2026
Contracts34
Avg IV2.45
Put-call0.19
Expiry25 Sep 2026
Contracts38
Avg IV1.18
Put-call0.31
Expiry2 Oct 2026
Contracts36
Avg IV0.75
Put-call0.13
Expiry9 Oct 2026
Contracts28
Avg IV0.76
Put-call1.07
Expiry16 Oct 2026
Contracts14
Avg IV1.00
Put-call0.14

Skew

Call/put IV balance

OTM demand
18 Sep 2026Put IV premium
Call IV1.40
Put IV3.02
Skew1.62
25 Sep 2026Call IV premium
Call IV1.13
Put IV1.07
Skew-0.06
2 Oct 2026Call IV premium
Call IV1.16
Put IV0.79
Skew-0.37
9 Oct 2026Call IV premium
Call IV1.52
Put IV1.21
Skew-0.31
16 Oct 2026Call IV premium
Call IV1.04
Put IV0.56
Skew-0.48

Contract Tape

Most active contracts

Full contract tape
ContractRXT260918C00003500
SideCall
Expiry18 Sep 2026
Strike3.50
Volume1266
OI2006
IV0.01
ContractRXT261120C00005000
SideCall
Expiry20 Nov 2026
Strike5.00
Volume1122
OI6291
IV1.12
ContractRXT260918C00004000
SideCall
Expiry18 Sep 2026
Strike4.00
Volume924
OI1827
IV1.40
ContractRXT261023C00004000
SideCall
Expiry23 Oct 2026
Strike4.00
Volume782
OI831
IV1.14
ContractRXT270115C00007000
SideCall
Expiry15 Jan 2027
Strike7.00
Volume612
OI3323
IV1.10
ContractRXT261030C00003000
SideCall
Expiry30 Oct 2026
Strike3.00
Volume383
OI3
IV1.13
ContractRXT261023P00002500
SidePut
Expiry23 Oct 2026
Strike2.50
Volume300
OI19
IV0.79
ContractRXT261120C00006000
SideCall
Expiry20 Nov 2026
Strike6.00
Volume290
OI5859
IV1.17

Evidence context