Ticker Options Intelligence

RDWR options intelligence

Name: Sharemaestro RDWR Options Intent Radar
Creator: Sharemaestro
License: https://sharemaestro.com/data-license/

Radware Ltd options pressure, expected move, strike concentration, and Sharemaestro trend context.

Conviction 42 Market data through 10 Aug 2026 Checked 11 Aug 2026 13:20 · complete available chain

Call-side pressure

Bullish pressure

RDWR currently carries bullish options pressure with a 42/100 conviction score. The nearest-chain expected move is 6.0%, 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 6.0%

Near-term move context

Activity / OI 0.00

Current volume is quieter versus prior open interest

Put-call 0.00

Call-side skew

Trend fit 0

Options are not fully confirming trend

Weekly backdrop +8.1%

RS -4.6

Expected move 6.0%

Put-call volume -

Volume / OI 0.00

Reference IV 0.35

Max pain 25.00

Underlying 28.30

Nearest expiry 21 Aug 2026

Contracts 262

Research Brief

RDWR has a bullish chain read with 42/100 evidence alignment.

The practical question is whether the underlying confirms the options concentration. The chain prices a reference range of 26.60–30.00; The largest call open-interest concentration is 25.00; the largest put concentration is 30.00. The most active strike by current volume is 32.00.

Priced range26.60–30.00

Call concentration25.00

Put concentration30.00

Max pain reference25.00

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.

Priced Move

Where the chain says movement becomes exceptional

Size, not direction · through 21 Aug

Options imply 26.60 to 30.00. Max pain at 25.00 lies outside the priced range, so it is a weak near-term anchor.

Spot Max pain

26.6028.30 ± 1.7030.00

Confirmation level

A close beyond 30.00 or below 26.60 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 42/100

Evidence alignment, not probability

Pressure is 88/100 toward calls; conviction uses its strength, while the signal label carries its direction.

Directional pressure88 × 42%

+37.0

How strongly activity leans toward calls or puts.

Participation1 × 22%

+0.2

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

Trend agreement0 × 26%

+0.1

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

Volatility48 × 10%

+4.8

The intensity of implied volatility and the priced move.

Positioning by Strike

Where open interest and current activity concentrate

Full strike map

The largest call open-interest concentration is 25.00; the largest put concentration is 30.00. The most active strike by current volume is 32.00. Open-interest concentrations show where positions exist; they are not proven support, resistance or dealer exposure.

Put open interestStrikeCall open interest

17.00-39.9%

18.00-36.4%

19.00-32.9%

20.00-29.3%

24.00-15.2%

25.00-11.7%

26.00-8.1%

27.00-4.6%

28.00-1.1%

29.002.5%

30.006.0%

31.009.5%

32.0013.1%

33.0016.6%

34.0020.1%

35.0023.7%

40.0041.3%

Nearest spot strike Max pain strikeBars show relative OI within this expiry

Gamma Profile by Strike

Negative gamma proxy

Reported Greeks · 100% coverage

Put-side gamma sensitivity outweighs the call-side proxy across the retained chain. The largest bars mark levels where delta-hedging sensitivity may be most concentrated.

Net profile-$25,872Delta change / 1% move

Positive peak29.00+$4,536

Negative peak27.00-$16,684

Nearest balance28.78Interpolated sign change

StrikeNegativePositiveNet / 1% move

18.00-36.4%

-$5

19.00-32.9%

-$9

20.00-29.3%

-$44

21.00-25.8%

+$13

22.00-22.3%

-$36

23.00-18.7%

-$1

24.00-15.2%

+$189

25.00-11.7%

-$622

26.00-8.1%

-$691

27.00-4.6%

-$16,684

28.00-1.1%

-$15,797

29.002.5%

+$4,536

30.006.0%

+$497

31.009.5%

+$1,031

32.0013.1%

+$278

33.0016.6%

+$877

34.0020.1%

+$111

35.0023.7%

+$222

36.0027.2%

+$9

37.0030.7%

+$8

38.0034.3%

+$6

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

Back-loaded volatility

0.75× front/back

Longer-dated options carry more implied volatility than the front expiry, so risk is priced farther out.

0.35 21 Aug 11d

0.42 18 Sep 39d

0.52 20 Nov 102d

0.49 18 Dec 130d

0.46 19 Mar 221d

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.

Put IV Call IV

Historical Replay

How matured reads behaved through expiry

0 matured · 0 directional

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

Auditable calculationoriginal version retained
Independent entryone read per market session
Point-in-time referencerequired at entry
Matched expiry closereported only after maturity

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: 10 Aug 2026
Calculation: v2.0
Contracts: 262 / 262

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

Call activity against legacy put OI

60/100

Primary intent Call activity against legacy put OI

Call activity is dominant while put open interest remains large but current put volume is not leading.

Flow vs price divergence Bullish flow confirms price

Options pressure and weekly price action are pointing in the same constructive direction.

Why this matters

Call activity against legacy put OI matters because it connects the options headline to the actual evidence: $295 of estimated gross traded notional, calls · 91+ days · otm, and a bullish flow confirms price backdrop. Use it as a research priority signal, then validate the chart, liquidity, event calendar, and risk before acting.

Options pressure+88

1W price+8.1%

Call premium100%

Put premium0%

Notional split C 100% / P 0% 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. Do not infer a hedge unwind without next-session open-interest changes and opening/closing data.

Conviction clusters Calls · 91+ days · OTM

Calls · 91+ days · OTM calls cluster with 1 contracts traded, $280 estimated gross traded notional, and 95% of visible notional.

$280

Calls · 8-21 days · OTM calls cluster with 1 contracts traded, $15 estimated gross traded notional, and 5% of visible notional.

$15

Setup Classification

Opportunity and risk frame

Context, not advice

Negative Options disagreement

Options positioning is not confirming the underlying trend context.

Warning Bullish pressure over fair value

Call pressure is building while the stock sits above Sharemaestro fair value.

Activity Anomaly

Warming up

8 of 10 completed market sessions are available. More session history is needed before activity can be compared with a reliable normal.

Baseline: 8 completed sessions

Volume rank-

Volume/OI rank-

IV rank-

Market Context

Underlying confirmation

Sharemaestro weekly

Close28.30

1W+8.1%

RS-4.6

Fair value+26.9%

Options pressure88

Speculation1

Volatility48

Trend fit0

Today Versus Normal

Stored-options context

View history

Expected move 6.0% history building

30d avg - · 8/10 sessions -

90d avg - · 8/30 sessions -

180d avg - · 8/60 sessions -

IV 0.35 history building

30d avg - · 8/10 sessions -

90d avg - · 8/30 sessions -

180d avg - · 8/60 sessions -

Put-call 0.00 history building

30d avg - · 7/10 sessions -

90d avg - · 7/30 sessions -

180d avg - · 7/60 sessions -

Volume/OI 0.00 history building

30d avg - · 8/10 sessions -

90d avg - · 8/30 sessions -

180d avg - · 8/60 sessions -

Pressure Trail

Recent pressure and volatility

Open trail

29 Jul 11:10 Bullish

Pressure 88

Move 12.9%

30 Jul 10:57 Bullish

Pressure 70

Move 22.0%

31 Jul 10:41 Volatility

Pressure 88

Move 19.1%

2 Aug 16:46 Bearish

Pressure -100

Move 9.3%

4 Aug 10:35 Bearish

Pressure -26

Move 11.0%

5 Aug 11:06 Bearish

Pressure -55

Move 6.7%

6 Aug 11:13 Bullish

Pressure 63

Move 9.5%

10 Aug 11:03 Bearish

Pressure -100

Move 6.4%

Strike Map

Where activity is clustering

Full strike map

Strike15.00

Calls · V 0 · OI 0

Puts · V 0 · OI 0

Strike16.00

Calls · V 0 · OI 0

Puts · V 0 · OI 0

Strike17.00

Calls · V 0 · OI 0

Puts · V 0 · OI 1

Strike18.00

Calls · V 0 · OI 0

Puts · V 0 · OI 1

Strike19.00

Calls · V 0 · OI 0

Puts · V 0 · OI 2

Strike20.00

Calls · V 0 · OI 0

Puts · V 0 · OI 11

Strike21.00

Calls · V 0 · OI 1

Puts · V 0 · OI 0

Strike22.00

Calls · V 0 · OI 0

Puts · V 0 · OI 1

Term Structure

Expiration activity

Volume and IV

Expiry21 Aug 2026

Contracts52

Avg IV0.35

Put-call-

Expiry18 Sep 2026

Contracts54

Avg IV0.42

Put-call-

Expiry20 Nov 2026

Contracts54

Avg IV0.52

Put-call-

Expiry18 Dec 2026

Contracts54

Avg IV0.49

Put-call-

Expiry19 Mar 2027

Contracts48

Avg IV0.46

Put-call-

Skew

Call/put IV balance

OTM demand

21 Aug 2026Balanced skew

Call IV0.06

Put IV0.06

Skew-

18 Sep 2026Call IV premium

Call IV0.55

Put IV0.40

Skew-0.16

20 Nov 2026Call IV premium

Call IV0.49

Put IV0.41

Skew-0.08

18 Dec 2026Balanced skew

Call IV0.49

Put IV0.47

Skew-0.02

19 Mar 2027Balanced skew

Call IV0.46

Put IV0.49

Skew0.03

Contract Tape

Most active contracts

Full contract tape

ContractRDWR260821C00032000

SideCall

Expiry21 Aug 2026

Strike32.00

Volume1

OI10

IV0.32

ContractRDWR270319C00032000

SideCall

Expiry19 Mar 2027

Strike32.00

Volume1

OI-

IV0.44

ContractRDWR261120P00027000

SidePut

Expiry20 Nov 2026

Strike27.00

Volume-

OI363

IV0.51

ContractRDWR261218P00028000

SidePut

Expiry18 Dec 2026

Strike28.00

Volume-

OI342

IV0.44

ContractRDWR270319P00027000

SidePut

Expiry19 Mar 2027

Strike27.00

Volume-

OI150

IV0.43

ContractRDWR261218P00025000

SidePut

Expiry18 Dec 2026

Strike25.00

Volume-

OI100

IV0.47

ContractRDWR260821C00025000

SideCall

Expiry21 Aug 2026

Strike25.00

Volume-

OI56

IV1.01

ContractRDWR261120P00028000

SidePut

Expiry20 Nov 2026

Strike28.00

Volume-

OI55

IV0.48

RDWR options intelligence

Bullish pressure

RDWR has a bullish chain read with 42/100 evidence alignment.

Where the chain says movement becomes exceptional

Why conviction is 42/100

Where open interest and current activity concentrate

Negative gamma proxy

Back-loaded volatility

Downside protection premium

How matured reads behaved through expiry

Usable with limits

Call activity against legacy put OI

Opportunity and risk frame

Warming up

Underlying confirmation

Stored-options context

Recent pressure and volatility

Where activity is clustering

Expiration activity

Call/put IV balance

Most active contracts

Send a message

Evidence context

RDWR options intelligence

Bullish pressure

RDWR has a bullish chain read with 42/100 evidence alignment.

Where the chain says movement becomes exceptional

Why conviction is 42/100

Where open interest and current activity concentrate

Negative gamma proxy

Back-loaded volatility

Downside protection premium

How matured reads behaved through expiry

Usable with limits

Call activity against legacy put OI

Opportunity and risk frame

Warming up

Underlying confirmation

Stored-options context

Recent pressure and volatility

Where activity is clustering

Expiration activity

Call/put IV balance

Most active contracts

Related research and context

Sharemaestro research

Related News

Market Watch

Earnings