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Best Options Strategy for RES

By Dennis Bosmans · Updated 2026 · 2 min read · Risk disclaimer

Looking for the best options strategy for RPC, Inc. (RES)? There is no single answer — the right play depends on your outlook, your risk tolerance and current implied volatility. Below, our free engine shows the highest-scoring defined-risk strategy on the live RES option chain right now, and a simple map from your view on RES to the strategy that fits it. Model any of them in the calculator before you trade.

About RES

RPC, Inc. (RES) is a major company in Oil & Gas Equipment & Services. Options traders on RES tend to watch , since these can drive large moves in the share price.

Today's top-scoring strategy for RES

Our engine ranks defined-risk strategies on the live RES chain by probability of profit and risk/reward, then surfaces the best-scoring one. It is an educational illustration, not advice.

Long Call Butterfly neutral
Price: $100.00Implied volatility: 32%Expiration: 2026-07-17 (30d)
ActionQtyTypeStrikePremium
BuyCALL$95$6.83
SellCALL$100$3.82
BuyCALL$105$1.87
P/L at expiry vs today At expiry Today ±1σ
$82$100$118
Max Profit
$394
Max Loss
−$106
Net Debit (cost)
$106
Breakeven(s)
$96.06, $103.94
Position Greeks
Δ
0.43
Γ
−1.202
Θ
1.69
ν
−3.16
Time decay (price held)

Simulation

Forward simulation of 6,000 lognormal price paths to expiration — not a historical backtest.

Win rate
33%
Mean P/L
−$2
Median
−$106
Exp. move (1σ)
9%
5th pct
−$106
25th pct
−$106
75th pct
$96
95th pct
$333

Strategy analysis

Simulated price paths (time × price)
now $100BE $96BE $104$86$101$1160d15d30d
$-100$144$388

Greeks vs price

Δ — $ P/L per $1 move in the underlying (share-equivalent exposure).
Θ — $ P/L per day from time decay.
ν — $ P/L per +1% in implied volatility.
Γ — how fast delta changes per $1 move.

Price × volatility (today)

−30%−15%IV+15%+30%
$125−$105−$103−$99−$94−$89
$120−$102−$96−$88−$82−$77
$115−$88−$77−$69−$64−$61
$110−$50−$42−$40−$41−$43
$105$10−$1−$11−$20−$28
$100$42$18$0−$13−$23
$95$3−$7−$16−$25−$32
$90−$64−$55−$52−$51−$52
$85−$98−$91−$84−$78−$75
$80−$105−$103−$100−$96−$92
$75−$106−$106−$105−$104−$101
Analyze RES in the calculator → Share this pick ↗

Illustrative example at RES's latest available price, computed with the same engine as the tool. Live option fills and the real IV skew refresh during US market hours.

Implied volatility

RES typically trades with moderate implied volatility, broadly in line with other large-cap stocks. Implied volatility drives option prices, so it is worth checking the live chain before you trade.

Earnings & IV crush

RES's next earnings report is due around November 5, 2026. Options that expire after it price in a binary move, so their implied volatility is elevated and usually collapses right after the announcement — an "IV crush". If your expiration falls before this date, the trade sidesteps the event.

Dividend and assignment risk

RES pays a dividend of about 2.5% a year, so short or covered calls on it carry early-assignment risk around each ex-dividend date — in-the-money calls are most exposed just before the stock goes ex-dividend.

Key figures

Market cap
$1.5B
Beta (vs market)
0.70
52-week range
$4.18–$8.16
Short interest
30.5% of float · 8.3 days to cover

With 30.5% of RES's float sold short, squeeze and gap risk are elevated — one reason its options can stay expensive.

How to choose an options strategy for RES

Start with your outlook on RES, then match it to a defined-risk structure. Here are the most common choices and when each makes sense:

Bullish

You expect RES to rise

Buy a call for leverage with capped risk, or a bull call spread to lower the cost and breakeven when you have a target price.

Long Call → Bull Call Spread →

Bearish

You expect RES to fall

Buy a put to profit from a decline with defined risk, or a bear put spread to cheapen the trade when you expect a measured move down.

Long Put → Bear Put Spread →

Neutral

You expect RES to trade in a range

Sell an iron condor to collect premium while RES stays between two strikes, or write a covered call against shares you already own.

Iron Condor → Covered Call →

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How we pick the best strategy

For each ticker we pull the live option chain, build every supported strategy around the at-the-money strikes, and score them on probability of profit, risk/reward and capital efficiency — favouring defined-risk structures where the maximum loss is known up front. Methodology →

Open RES in the free calculator →

Frequently asked questions

What is the best options strategy for RES?

It depends on your outlook. Bullish traders often use a long call or bull call spread on RES; bearish traders a long put or bear put spread; neutral traders an iron condor or covered call. Our live scan above shows the current highest-scoring defined-risk play.

Are RES options liquid enough to trade?

RPC, Inc. (RES) is among the most actively-traded US options, which usually means tight bid/ask spreads and plenty of strikes and expirations — though you should always check the open interest and spread on the exact contract.

How much money do I need to trade RES options?

Buying a single RES call or put can cost as little as the premium (often one to a few hundred dollars), while income strategies like a cash-secured put need enough capital to buy 100 shares if assigned.

Is this financial advice?

No. Everything here is educational and uses delayed, third-party data. It is not a recommendation to trade RES or any security. Do your own research.

What does RPC, Inc. do?

RPC, Inc. (RES) operates in the Oil & Gas Equipment & Services industry. The "About RPC, Inc." section above gives a fuller picture of what the company does and how it earns money.

Does RPC, Inc. pay a dividend?

Yes — RPC, Inc. currently pays a dividend yielding about 2.5%. If you hold the shares (for example to write a covered call), the ex-dividend date can trigger early assignment, so check it beforehand.

When does RPC, Inc. next report earnings?

RPC, Inc.'s next earnings are expected around November 5, 2026. Implied volatility usually climbs into the report and drops sharply afterwards (IV crush) — important for any options position held over the date.

Price trend

Short term · 1M
▲ +7%
Mid term · 3M
▼ -5.5%
Long term · 1Y
▲ +41.8%

Tickers related to RES

Comparing RES with similar names can help you choose the best options strategy:

WHDCactus, Inc.PUMPProPetro Holding Corp.LBRTLiberty Energy Inc.SPYSPDR S&P 500 ETFQQQInvesco QQQ (Nasdaq-100 ETF)IWMiShares Russell 2000 ETF

Company information

Headquarters
2801 Buford Highway NE, Suite 300, Atlanta, GA, 30329, United States
Industry
Oil & Gas Equipment & Services
Employees
2,893
CEO
Mr. Ben M. Palmer
Phone
404 321 2140
Website
www.rpc.net
Investor relations
www.rpc.net/profiles/investor/CSummary.asp?BzID=626&Nav=0&LangID=1&s=0&tPName=Profile

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