Options/RIO

RIORio Tinto plc

Options Analysis Report

Market Cap $168.0B|NYSE

● 2026-08-31$103.30

NEUTRAL

Analysis: 2026-08-28 EOD data

1Y +66.9%YTD +26.9%7D -1.4%

Options Vol

2,588

30D

Implied Move

±8.2%

IV Rank

26%

RIO Options Overview

Mixed signals. No clear edge detected.

REWARDS

RISK ANALYSIS

Snowflake Analysis

Balanced conditions with no clear edge

Learn

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RIO Gamma Walls

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Value

Is IV priced right?

7.6

ExpensiveCheap

Measures whether options are cheap, fair, or rich relative to historical and peer

levels.

Risk Checks7/9 checks passed

IV Rank

≤35%

IV Rank 48.8% — elevated vs history

IV/HV Ratio

<1.05x

IV/HV 0.99x — IV ≤ HV

Sector Relative≤50%

Sector percentile 17% — below sector median

Term Structure

<1.1x

Front/Back 0.90x — contango

Skew Normal

<1.25x

Put/Call IV 1.16x — elevated

Absolute IV

<80%

ATM IV 31.7% — normal range

Spread-Adjusted Value

<80%

Effective IV 47.0% (ATM 31.7% + spread 7.7% + bias) — excellent value

Execution Efficiency

<3.0%

Total drag 10.66% (spread 7.67% + slippage 2.99%) — high friction

Vega Efficiency

≥5.0

Vega efficiency 19.70 (vega 15.109 / spread 7.67%) — efficient

Sentiment

Bullish or bearish?

6.3

BearishBullish

Analyzes

put/call ratios

open interest skew

, and flow direction to determine market bias.

Risk ChecksNeutral - Moderate signal (Conviction: -6%, Raw: -7%)

Flow Direction

|net sentiment| ≥25%

Conviction-weighted: -6% (neutral) — Raw: -7%

OI Skew Magnitude

≥15%

|OI skew| 12.8% — balanced

Volume-OI Alignment

Same sign, |vol skew| ≥10%

Vol skew +30.0%, OI skew +12.8% — aligned

Conviction Quality

≥2/3 conditions

0-DTE 0%, far-OTM 15%, avg DTE 30

OI Momentum

|change| ≥3%

OI change +0.0% (5d) — stable

Smart Money Flow

|weighted flow| ≥20%

ITM: -22%, ATM: +2%, OTM: -11% — bearish (ITM/ATM divergent)

Sector Relative≤40% or ≥60%

Sector P/C percentile 56% — bearish vs sector

Activity

Unusual activity?

2.5

QuietActive

Detects volume surges,

block trades

, and unusual options activity that may signal moves.

Risk Checks0/8 checks passed

Volume Surge

≥1.5x

Volume 0.3x avg — normal

Turnover Rate

≥15%

Vol/OI 2.1% — normal turnover

Multi-Day Persistence

≥2 days

1 day(s) elevated — may be one-day event

OI Build

≥5%

OI change +2.8% (5d) — building

Sector Relative≥60%

Sector activity percentile 51% — neutral vs sector

Trade Quality

≥30%

Large trade volume 19% — mixed

Execution Urgency

≥60%

Aggressive execution 36% — patient

Flow Conviction

≥30

Conviction -6 (bearish) — mixed

Liquidity

Can I trade efficiently?

4.2

IlliquidLiquid

Evaluates

bid-ask spreads

, volume depth, and open interest for trade execution quality.

Risk Checks4/8 checks passed

Tradeable Spread

≤5.0%

Spread 7.7% — wide

Adequate OI

≥10,000

OI 122,929 — deep

Active Volume

≥500

Volume 2,588/day — adequate

Reasonable Cost

≤$0.50

$0.38 to cross — cheap

Strike Coverage

≥5 strikes

0 liquid strikes — limited options

Sector Relative≤40%

Sector spread percentile 54% — neutral vs sector

Order Book Depth

≥100 contracts

Depth 166.8 contracts (bid:79.3 ask:87.5) — adequate

Execution Quality

<1.0%

Avg slippage 2.99% — poor

Timing

Is now a good time?

7.0

RiskyFavorable

Considers earnings proximity,

time decay

, and event calendar for optimal entry timing.

Risk Checks6/9 checks passed

Term Structure Clarity

|slope| ≥5%

Slope -10.3% — contango

IV Percentile Clarity

<30 or >70

IV percentile 49% — neutral

Event Detection

≥10pts kink

IV kink -2.2pts — no clear event

Theta/Vega Clarity

<0.5 or >2.0

θ/ν ratio 292.25 — favors income trades

Expiration Distribution

≥3 expirations

3 liquid expirations — flexible

Event Risk

≥60% (safe)

safe window: No earnings detected

Spread Momentum

<1.2 ratio

Spread ratio 1.00x — stable

Flow Momentum

≥25% strength + ≥50% consistency

Flow -6% @ 53% consistency — unclear

Smart Money Timing

≥40 composite score

Score 49 (ITM 20% + inst 19%) — moderate institutional

Directional Strategy Fit

Option Buyers

Long Calls6.5

bullishIV cheap, bullish flow

Long Puts5.7

bearishIV cheap, bullish flow

Premium Sellers

Cash-Secured Put4.8

bullishIV too cheap, bullish flow

Covered Call3.9

bearishIV too cheap, bullish flow

For educational purposes only. Not investment advice.

The Options Desk tracks the move options price into every US earnings report the week of Aug 31, next to how much each stock has actually moved on its past prints — plus the SPY, QQQ and IWM expected ranges and the gamma walls that box them in.

More on RIO

RIO gamma walls RIO max pain RIO IV rank RIO options flow