RVMD Options Chain Analysis

Delayed CBOE data, snapshot 2026-08-18. Spot $213.45.

Put/Call (OI)

0.56

25k P / 44k C

Put/Call (Volume)

0.26

2k P / 7k C today

30d ATM IV

59%

annualized implied move

Call wall

$220

3k contracts

Put wall

$140

5k contracts

Tail hedging

9.6×

deep-OTM puts vs calls

What the positioning says

●Bullish positioning: only 0.56 puts per call outstanding.
●Call wall at $220 (3k contracts), 3% above spot — the upside strike the crowd is already parked on; often acts as near-term resistance.
●Put wall at $140 (5k contracts), 34% below spot — the hedge floor; often acts as support.
●Deep-OTM put open interest is 9.6× deep-OTM call OI — an institutional hedging ladder sits under this stock.

Open interest by strike

All expiries combined. Amber lines mark the call and put walls; the dashed line is spot.

IV term structure

At-the-money implied volatility per expiry.

Volatility smile

IV by strike — expiry 2026-09-18. A steep left side = expensive downside protection.

30-day implied volatility history

Daily ATM IV (~30 DTE bucket) collected since March 2026. Rising IV into an event = the market bracing; collapsing IV after = the crush.

Open interest by expiry

Expiry	Call OI	Put OI	P/C	Volume today
2026-08-21	4k	8k	1.97	742
2026-09-18	20k	6k	0.28	3k
2026-10-16	1k	350	0.29	2k
2026-12-18	3k	5k	1.90	388
2027-01-15	10k	3k	0.31	1k
2027-03-19	305	308	1.01	9
2027-05-21	132	6	0.05	35
2027-08-20	23	2	0.09	15
2027-11-19	52	5	0.10	9
2028-01-21	5k	3k	0.50	2k
2028-12-15	276	5	0.02	17

Source: CBOE delayed quotes, refreshed daily after US market close. Open interest is exchange-reported and lags one session. Research, not investment advice.