Ticker Options Intelligence

RLX options intelligence

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

Conviction 37 Market data through 30 Jul 2026 Checked 31 Jul 2026 11:32 · complete available chain

Call-side pressure

Bullish pressure

RLX currently carries bullish options pressure with a 37/100 conviction score. The nearest-chain expected move is 23.1%, with volume/open-interest participation at 0.00.

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

Call-side pressure

Expected move 23.1%

Wider near-term move priced

Activity / OI 0.00

Current volume is quieter versus prior open interest

Put-call 0.30

Call-side skew

Trend fit 0

Options are not fully confirming trend

Weekly backdrop -1.0%

RS -15.7

Expected move 23.1%
Put-call volume 0.30
Volume / OI 0.00
Reference IV 0.94
Max pain 2.00
Underlying 2.03
Nearest expiry 21 Aug 2026
Contracts 52

Research Brief

RLX has a bullish chain read with 37/100 evidence alignment.

The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 1.56–2.50; The largest call open-interest concentration is 2.00; the largest put concentration is 2.00. The most active strike by current volume is 1.00.

Priced range1.56–2.50
Call concentration2.00
Put concentration2.00
Max pain reference2.00
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 1.56 to 2.50. Max pain at 2.00 sits inside that range, 1.5% below spot.

Spot Max pain
1.562.03 ± 0.472.50
Confirmation level

A close beyond 2.50 or below 1.56 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 37/100

Evidence alignment, not probability

Pressure is 64/100 toward calls; conviction uses its strength, while the signal label carries its direction.

Directional pressure64 × 42%
+27.0

How strongly activity leans toward calls or puts.

Participation2 × 22%
+0.4

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 score36.9Matches stored calculation

Positioning by Strike

Where open interest and current activity concentrate

Full strike map

The largest call open-interest concentration is 2.00; the largest put concentration is 2.00. The most active strike by current volume is 1.00. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.

Put open interestStrikeCall open interest
0
1.00-50.7%
1
3
1.50-26.1%
0
50
2.00-1.5%
158
0
3.0047.8%
0
0
4.0097.0%
0
0
5.00146.3%
1
Nearest spot strike Max pain strikeBars show relative OI within this expiry

Volatility Curve

Front-loaded volatility

2.62× front/back

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

0.94 21 Aug 22d
0.49 18 Sep 50d
0.43 16 Oct 78d
0.36 15 Jan 169d

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.

2
Put IV Call IV

Historical Replay

How matured reads behaved through expiry

0 directional observations

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

High

A97/100
Retained chain100%
Implied volatility100%
Two-sided quotes100%
Open interest100%
Chain status
Complete available chain
Market date
30 Jul 2026
Calculation
v2.0
Contracts
52 / 52
  • 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

55/100
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 against weak price

Options are leaning call-side while the stock is down on the week, a divergence that needs price confirmation.

Why this matters

Multi-expiry position-maintenance candidate matters because it connects the options headline to the actual evidence: $250 of estimated gross traded notional, calls · 46-90 days · atm, 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+64
1W price-1.0%
Call premium80%
Put premium20%
Notional split C 80% / P 20% Estimated gross traded notional uses volume × contract multiplier × midpoint, or last price when no valid midpoint is available.
Freshness 0.00 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. Roll detection is conservative because opening and closing legs are not directly observable in this snapshot.
Conviction clusters Calls · 46-90 days · ATM
Calls · 46-90 days · ATM calls cluster with 10 contracts traded, $200 estimated gross traded notional, and 80% of visible notional.
$200
Puts · 91+ days · OTM puts cluster with 2 contracts traded, $40 estimated gross traded notional, and 16% of visible notional.
$40
Puts · 8-21 days · OTM puts cluster with 1 contracts traded, $10 estimated gross traded notional, and 4% of visible notional.
$10

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.

Warning Crowded strike risk

Underlying price is close to the max-pain zone.

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

Sharemaestro weekly
Close2.03
1W-1.0%
RS-15.7
Fair value+4.7%
Options pressure64
Speculation2
Volatility96
Trend fit0

Today Versus Normal

Stored-options context

View history
Expected move 23.1% history building
30d avg - · 2/10 sessions -
90d avg - · 2/30 sessions -
180d avg - · 2/60 sessions -
IV 0.94 history building
30d avg - · 2/10 sessions -
90d avg - · 2/30 sessions -
180d avg - · 2/60 sessions -
Put-call 0.30 history building
30d avg - · 2/10 sessions -
90d avg - · 2/30 sessions -
180d avg - · 2/60 sessions -
Volume/OI 0.00 history building
30d avg - · 2/10 sessions -
90d avg - · 2/30 sessions -
180d avg - · 2/60 sessions -

Pressure Trail

Recent pressure and volatility

Open trail
29 Jul 10:57 Volatility
Pressure 100
Move 23.6%
30 Jul 10:47 Volatility
Pressure 100
Move 23.9%
31 Jul 10:32 Bullish
Pressure 64
Move 23.1%

Strike Map

Where activity is clustering

Full strike map
Strike1.00
Calls · V 0 · OI 1
Puts · V 1 · OI 0
Strike1.50
Calls · V 0 · OI 0
Puts · V 0 · OI 3
Strike2.00
Calls · V 0 · OI 158
Puts · V 0 · OI 50
Strike3.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike4.00
Calls · V 0 · OI 0
Puts · V 0 · OI 0
Strike5.00
Calls · V 0 · OI 1
Puts · V 0 · OI 0

Term Structure

Expiration activity

Volume and IV
Expiry21 Aug 2026
Contracts12
Avg IV0.94
Put-call-
Expiry18 Sep 2026
Contracts12
Avg IV0.49
Put-call-
Expiry16 Oct 2026
Contracts14
Avg IV0.43
Put-call-
Expiry15 Jan 2027
Contracts14
Avg IV0.36
Put-call-

Skew

Call/put IV balance

OTM demand
21 Aug 2026Call IV premium
Call IV0.98
Put IV0.78
Skew-0.20
18 Sep 2026Call IV premium
Call IV0.65
Put IV0.51
Skew-0.14
16 Oct 2026Call IV premium
Call IV0.51
Put IV0.41
Skew-0.10
15 Jan 2027Call IV premium
Call IV0.22
Put IV0.02
Skew-0.20

Contract Tape

Most active contracts

Full contract tape
ContractRLX260918C00002000
SideCall
Expiry18 Sep 2026
Strike2.00
Volume10
OI-
IV0.05
ContractRLX270115P00001000
SidePut
Expiry15 Jan 2027
Strike1.00
Volume2
OI10
IV0.60
ContractRLX260821P00001000
SidePut
Expiry21 Aug 2026
Strike1.00
Volume1
OI-
IV1.63
ContractRLX261016C00003000
SideCall
Expiry16 Oct 2026
Strike3.00
Volume-
OI2448
IV0.51
ContractRLX270115C00002000
SideCall
Expiry15 Jan 2027
Strike2.00
Volume-
OI2388
IV0.45
ContractRLX261016C00002000
SideCall
Expiry16 Oct 2026
Strike2.00
Volume-
OI2282
IV0.03
ContractRLX261016P00002000
SidePut
Expiry16 Oct 2026
Strike2.00
Volume-
OI831
IV0.02
ContractRLX261016C00004000
SideCall
Expiry16 Oct 2026
Strike4.00
Volume-
OI406
IV0.78