Ticker Options Intelligence

RIOT options intelligence

Riot Platforms, Inc. options pressure, expected move, strike concentration, and Sharemaestro trend context.

Conviction 50 Market data through 31 Jul 2026 Checked 31 Jul 2026 18:54 · complete available chain

Volatility expansion watch

Volatility pressure

RIOT currently carries volatility options pressure with a 50/100 conviction score. The nearest-chain expected move is 8.3%, with volume/open-interest participation at 0.10.

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

Volatility expansion watch

Expected move 8.3%

Wider near-term move priced

Activity / OI 0.10

Current volume is quieter versus prior open interest

Put-call 2.34

Put-side skew

Trend fit 67

Options agree with trend context

Weekly backdrop -10.5%

RS 5.0

Expected move 8.3%
Put-call volume 2.34
Volume / OI 0.10
Reference IV 1.43
Max pain 23.00
Underlying 22.53
Nearest expiry 31 Jul 2026
Contracts 719

Research Brief

RIOT has a volatility chain read with 50/100 evidence alignment.

The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 20.65–24.41; The largest call open-interest concentration is 30.00; the largest put concentration is 22.00. The most active strike by current volume is 19.50.

Priced range20.65–24.41
Call concentration30.00
Put concentration22.00
Max pain reference23.00
What would confirm it
  • A clear directional pressure reading develops and price begins to agree.
  • The current chain read already agrees with the stored weekly trend context.
What would weaken it
  • Volatility falls and the chain remains directionally mixed.
  • 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 31 Jul

Options imply 20.65 to 24.41. Max pain at 23.00 sits inside that range, 2.1% above spot.

Spot Max pain
20.6522.53 ± 1.8824.41
Confirmation level

A close beyond 24.41 or below 20.65 at the 31 Jul 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 50/100

Evidence alignment, not probability

Pressure is 34/100 toward puts; conviction uses its strength, while the signal label carries its direction.

Directional pressure34 × 42%
+14.3

How strongly activity leans toward calls or puts.

Participation42 × 22%
+9.3

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

Trend agreement67 × 26%
+17.4

How closely the chain read agrees with the underlying trend backdrop.

Volatility89 × 10%
+8.9

The intensity of implied volatility and the priced move.

Reconstructed score50.0Matches stored calculation

Positioning by Strike

Where open interest and current activity concentrate

Full strike map

The largest call open-interest concentration is 30.00; the largest put concentration is 22.00. The most active strike by current volume is 19.50. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.

Put open interestStrikeCall open interest
4186
16.00-29.0%
88
2398
19.00-15.7%
291
1334
19.50-13.4%
391
2441
20.00-11.2%
539
593
20.50-9.0%
357
1574
21.00-6.8%
1008
861
21.50-4.6%
334
6096
22.00-2.4%
1758
1077
22.50-0.1%
918
1764
23.002.1%
1663
5574
23.504.3%
508
64
24.006.5%
3602
56
25.0011.0%
6123
29
26.5017.6%
2452
5
28.0024.3%
2434
4
29.0028.7%
3649
3
30.0033.2%
30478
Nearest spot strike Max pain strikeBars show relative OI within this expiry

Volatility Curve

Front-loaded volatility

1.60× front/back

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

1.43 31 Jul 0d
1.12 7 Aug 7d
1.10 14 Aug 14d
1.06 21 Aug 21d
1.03 28 Aug 28d
1.01 4 Sep 35d
1.01 18 Sep 49d
0.95 18 Dec 140d

Volatility by Strike

Upside optionality premium

Nearest expiry, within 20% of spot

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

19
19
20
20
21
21
22
22
23
23
24
24
25
25
26
26
27
27
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 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

A100/100
Retained chain100%
Implied volatility100%
Two-sided quotes100%
Open interest100%
Chain status
Complete available chain
Market date
31 Jul 2026
Calculation
v2.0
Contracts
719 / 719
  • 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: $12.2M of estimated gross traded notional, puts · 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-34
1W price-10.5%
Call premium39%
Put premium61%
Notional split C 39% / P 61% Estimated gross traded notional uses volume × contract multiplier × midpoint, or last price when no valid midpoint is available.
Freshness 0.10 Volume divided by open interest across the visible chain.
Trend fit 67/100 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 Puts · 91+ days · OTM
Puts · 91+ days · OTM puts cluster with 10785 contracts traded, $2.8M estimated gross traded notional, and 23% of visible notional.
$2.8M
Puts · 91+ days · ITM puts cluster with 1040 contracts traded, $1.9M estimated gross traded notional, and 16% of visible notional.
$1.9M
Calls · 91+ days · ATM calls cluster with 2040 contracts traded, $918475 estimated gross traded notional, and 8% of visible notional.
$918475
Calls · 46-90 days · ITM calls cluster with 2013 contracts traded, $767436 estimated gross traded notional, and 6% of visible notional.
$767436
Calls · 91+ days · ITM calls cluster with 898 contracts traded, $730600 estimated gross traded notional, and 6% of visible notional.
$730600

Setup Classification

Opportunity and risk frame

Context, not advice
Positive Options-confirmed trend

Positioning agrees with the Sharemaestro trend backdrop.

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.

Warning Crowded strike risk

Underlying price is close to the max-pain zone.

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

Sharemaestro weekly
Close20.17
1W-10.5%
RS5.0
Fair value+54.2%
Options pressure-34
Speculation42
Volatility89
Trend fit67

Today Versus Normal

Stored-options context

View history
Expected move 8.3% history building
30d avg - · 3/10 sessions -
90d avg - · 3/30 sessions -
180d avg - · 3/60 sessions -
IV 1.43 history building
30d avg - · 3/10 sessions -
90d avg - · 3/30 sessions -
180d avg - · 3/60 sessions -
Put-call 2.34 history building
30d avg - · 3/10 sessions -
90d avg - · 3/30 sessions -
180d avg - · 3/60 sessions -
Volume/OI 0.10 history building
30d avg - · 3/10 sessions -
90d avg - · 3/30 sessions -
180d avg - · 3/60 sessions -

Pressure Trail

Recent pressure and volatility

Open trail
29 Jul 10:27 Volatility
Pressure 41
Move 9.5%
30 Jul 10:23 Volatility
Pressure 8
Move 17.3%
31 Jul 10:12 Volatility
Pressure 38
Move 5.2%
31 Jul 15:04 Volatility
Pressure -18
Move 6.3%
31 Jul 16:14 Bearish
Pressure -48
Move 7.9%
31 Jul 16:44 Volatility
Pressure -41
Move 8.9%
31 Jul 17:54 Volatility
Pressure -34
Move 8.3%

Strike Map

Where activity is clustering

Full strike map
Strike5.00
Calls · V 26 · OI 32
Puts · V 1 · OI 1
Strike6.00
Calls · V 26 · OI 33
Puts · V 0 · OI 0
Strike7.00
Calls · V 3 · OI 15
Puts · V 1 · OI 12
Strike8.00
Calls · V 2 · OI 12
Puts · V 0 · OI 0
Strike9.00
Calls · V 2 · OI 14
Puts · V 0 · OI 0
Strike10.00
Calls · V 3 · OI 12
Puts · V 14 · OI 3
Strike11.00
Calls · V 6 · OI 16
Puts · V 1 · OI 0
Strike12.00
Calls · V 6 · OI 9
Puts · V 1 · OI 1502

Term Structure

Expiration activity

Volume and IV
Expiry31 Jul 2026
Contracts108
Avg IV1.43
Put-call3.66
Expiry7 Aug 2026
Contracts84
Avg IV1.12
Put-call0.93
Expiry14 Aug 2026
Contracts52
Avg IV1.10
Put-call0.60
Expiry21 Aug 2026
Contracts86
Avg IV1.06
Put-call6.33
Expiry28 Aug 2026
Contracts44
Avg IV1.03
Put-call0.29

Skew

Call/put IV balance

OTM demand
31 Jul 2026Put IV premium
Call IV1.00
Put IV1.34
Skew0.34
7 Aug 2026Put IV premium
Call IV1.05
Put IV1.18
Skew0.13
14 Aug 2026Put IV premium
Call IV1.05
Put IV1.11
Skew0.07
21 Aug 2026Put IV premium
Call IV1.02
Put IV1.13
Skew0.11
28 Aug 2026Balanced skew
Call IV1.02
Put IV1.07
Skew0.05

Contract Tape

Most active contracts

Full contract tape
ContractRIOT260807P00029500
SidePut
Expiry7 Aug 2026
Strike29.50
Volume-
OI20
IV1.88
ContractRIOT270319P00030000
SidePut
Expiry19 Mar 2027
Strike30.00
Volume-
OI15
IV0.91
ContractRIOT270115P00038000
SidePut
Expiry15 Jan 2027
Strike38.00
Volume-
OI14
IV0.52
ContractRIOT261218P00039000
SidePut
Expiry18 Dec 2026
Strike39.00
Volume-
OI11
IV0.91
ContractRIOT270319C00026000
SideCall
Expiry19 Mar 2027
Strike26.00
Volume-
OI6
IV0.97
ContractRIOT260821C00013000
SideCall
Expiry21 Aug 2026
Strike13.00
Volume-
OI3
IV2.39
ContractRIOT260814P00010000
SidePut
Expiry14 Aug 2026
Strike10.00
Volume-
OI2
IV3.49
ContractRIOT260814C00010000
SideCall
Expiry14 Aug 2026
Strike10.00
Volume-
OI2
IV3.82