Information Technology

Analog Devices (ADI) options and signal

Figures as of 28 Sep 2026

ADI is Analog Devices, an Information Technology name the model ranks every trading day. The options figures are from the close on 28 Sep 2026. The model's figures are from 25 Sep 2026, one trading day behind the latest, as the Free plan shows them. Every model figure is paper trading.

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At a glance

Figure	Value	Date
IV rank	98 of 100	28 Sep
At the money IV	42.4%	28 Sep
Priced move to 30 Oct	12.5% down, 12.8% up	28 Sep
Call wall and put wall	420 and 370	28 Sep
Signal and the desk's view	No signal, view neutral	25 Sep
Last close	395.43	28 Sep
Next report	24 Nov 2026	28 Sep

Options Snapshot

ADI's IV rank is 98 of 100 on 28 Sep 2026.

Figure	Value
IV rank	98 of 100
At the money IV	42.4%, near month, 32 days
Put/call ratio, open interest	0.39
Call open interest, strikes captured near the price	60,900 contracts
Put open interest, strikes captured near the price	23,700 contracts
Cost to trade at the money	Fair, 19.8% of the option's mid price

IV rank is where the at the money IV sits among ADI's own weekly readings, 0 the lowest and 100 the highest.

From the option chain at the close on 28 Sep 2026. Current on every plan.

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Priced Range

On 28 Sep 2026, ADI options priced a move of 12.5 percent down and 12.8 percent up by 30 Oct 2026.

Expiry	Days	Down	Up	Range
2 Oct 2026	4	5.5%	4.2%	373.53 to 412.23
9 Oct 2026	11	7.0%	7.3%	367.93 to 424.23
23 Oct 2026	25	11.0%	10.9%	351.93 to 438.63
30 Oct 2026	32	12.5%	12.8%	346.13 to 446.23
20 Nov 2026	53	15.1%	16.0%	335.53 to 458.83
18 Dec 2026	81	18.9%	19.7%	320.63 to 473.43
19 Mar 2027	172	26.0%	29.1%	292.43 to 510.43

The range is one standard deviation either side of the close of 395.43, as the option prices imply it.

A priced move restates option prices at the close and says nothing certain about where the price goes.

From the option chain at the close on 28 Sep 2026. Current on every plan.

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Gamma Map

On 28 Sep 2026, ADI's call wall is the 420 strike and its put wall is the 370 strike.

Figure	Value
Call wall, most open call gamma	420
Put wall, most open put gamma	370
Net dollar gamma, calls minus puts	$35.93 million
Total dollar gamma, both sides	$68.01 million
Close	395.43

Dollar gamma is stated for a one percent move in the price.

Net is calls minus puts under the standard convention, not a record of who holds the contracts.

Net gamma changes sign at 3 strikes, so no single flip strike is named.

From the option chain at the close on 28 Sep 2026. Current on every plan.

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Volatility History

On 28 Sep 2026, ADI's at the money IV is 42.4 percent against 20 day realized volatility of 32.7 percent.

Figure	Value
At the money IV	42.4%
Realized volatility, 20 trading days	32.7%
Realized volatility, 60 trading days	32.4%
IV against its own weekly record	High, in the top fifth
Weekly readings on record	865, from 8 Jan 2010
Weeks the price moved more than the one week priced move	23.4% of 252 weeks

Realized volatility is worked out from the daily closes the desk holds, not from the option chain.

From the option chain at the close on 28 Sep 2026. Current on every plan.

Open Volatility History in RingMaster The Volatility History guide

Volatility Weather

On 28 Sep 2026, ADI's at the money IV runs from 45.8 percent at 4 days to 40.2 percent at 172 days.

Days to expiry	At the money IV
4	45.8%
11	40.3%
18	40.2%
25	41.3%
39	42.7%
53	41.1%
81	41.3%
172	40.2%

Near expiries price more volatility than far ones, an inverted term structure.

From the option chain at the close on 28 Sep 2026. Current on every plan.

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Volatility Smile

On 28 Sep 2026, at the 32 day expiry, ADI's IV ten percent below the price sits 1.6 points above at the money IV.

Strike area	Implied volatility	Against at the money
10% below the price	44.0%	+1.6 points
At the money	42.4%	0.0 points
10% above the price	42.3%	-0.1 points

From the option chain at the close on 28 Sep 2026. Current on every plan.

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Volatility Surface

On 28 Sep 2026, ADI's surface spans 10 expiries out to 172 days, with IV from 36.8 to 53.4 percent near the price.

Figure	Value
Expiries captured	10
Nearest expiry	2 Oct 2026, 4 days
Farthest expiry	19 Mar 2027, 172 days
Points within 10% of the price, 7 days out or more	111
Lowest IV among them	36.8%
Highest IV among them	53.4%

From the option chain at the close on 28 Sep 2026. Current on every plan.

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Expiry Ladder

On 28 Sep 2026, ADI has 10 captured expiries, from 2 Oct 2026 to 19 Mar 2027.

Expiry	Days	At the money IV	Call open interest	Put open interest
2 Oct 2026	4	45.8%	3,613	2,800
9 Oct 2026	11	40.3%	1,064	220
16 Oct 2026	18	40.2%	2,597	1,072
23 Oct 2026	25	41.3%	747	345
30 Oct 2026	32	42.4%	364	165
6 Nov 2026	39	42.7%	8	61
20 Nov 2026	53	41.1%	2,701	1,870
18 Dec 2026	81	41.3%	31,028	6,143
15 Jan 2027	109	40.1%	15,958	8,311
19 Mar 2027	172	40.2%	2,854	2,665

Open interest is summed over the strikes captured near the price on each expiry.

From the option chain at the close on 28 Sep 2026. Current on every plan.

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Strike Table

On 28 Sep 2026, ADI's largest open interest sits at the 420 strike, with 13,828 contracts across the captured expiries.

Strike	Call open interest	Put open interest	Total
420	13,237	591	13,828
440	11,526	509	12,035
380	5,550	971	6,521
400	3,562	1,768	5,330
370	1,810	3,069	4,879
470	3,682	137	3,819

From the option chain at the close on 28 Sep 2026. Current on every plan.

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Since Yesterday

From 25 Sep 2026 to 28 Sep 2026, ADI's at the money IV moved from 42.5 percent to 42.4 percent.

Figure	25 Sep	28 Sep	Change
At the money IV	42.5%	42.4%	-0.1 points
Open interest, strikes captured near the price	80,585	84,586	+4,001
Put/call ratio, open interest	0.35	0.39	+0.03

Open interest changes cannot identify buyers or sellers.

From the option chain at the close on 28 Sep 2026. Current on every plan.

Open Since Yesterday in RingMaster The Since Yesterday guide

Changed Hands

On 28 Sep 2026, 6,004 ADI option contracts traded, 0.8 times its own recent average.

Figure	Value
Calls traded	2,473
Puts traded	3,531
Against its recent average	0.8 times
Busier than	1 of its last 20 trading days
Open interest, whole chain	98,791 contracts
Volume to open interest	0.06
Unusual volume flag	No

Traded volume and open interest are shown side by side and never combined. Open interest changes cannot identify buyers or sellers.

From the option chain at the close on 28 Sep 2026. Current on every plan.

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Positioning Replay

The replay holds 33 trading days of ADI's option positioning, from 11 Aug 2026 to 28 Sep 2026.

Date	Close	Net dollar gamma	Top call strike	Top put strike
11 Aug 2026	385.30	minus $299,882	400	368
21 Sep 2026	383.00	$25.54 million	420	350
28 Sep 2026	395.43	$35.93 million	420	370

Each frame restates one nightly capture. Net is calls minus puts, a convention, not who holds the contracts.

From the option chain at the close on 28 Sep 2026. Current on every plan.

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Read-out

On 25 Sep 2026 the desk's view of ADI was neutral, paper trading.

Figure	Value
Side	Neutral at 45 trading days, no signal
Level above the close	401.82, the swing high of 30 Jun 2026
Level below the close	390.55, the swing low of 22 Sep 2026
Strategy family	Iron condor (sell both sides, defined risk)
Price target	None. The desk has no price model.

The levels are prices the shares turned at on the chart, with the date of each.

Paper trading. The model's figures from 25 Sep 2026, one trading day behind, as the Free plan shows them.

Open Read-out in RingMaster The Read-out guide

Rank by Timeframe

On 25 Sep 2026 ADI sat at the 44th percentile of the model's 45 trading day ranking, paper trading.

Timeframe	Percentile	Side
10 trading days	93 of 100	Bullish
20 trading days	68 of 100	Neutral
45 trading days	44 of 100	Neutral

100 is the top of the ranking. A name in the middle three fifths is neutral.

Paper trading. The model's figures from 25 Sep 2026, one trading day behind, as the Free plan shows them.

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Timeframe Agreement

On 25 Sep 2026 ADI's near timeframes were bullish and its long timeframe was neutral, paper trading.

Group	Timeframes	Side	On that side
Near	10 day, 20 day	Bullish	1 of 2
Long	45 day	Neutral	0 of 1

Paper trading. The model's figures from 25 Sep 2026, one trading day behind, as the Free plan shows them.

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Signal History

On 25 Sep 2026 ADI had carried no signal for at least 18 trading days, paper trading.

Trading day	Signal	45 day percentile
25 Sep 2026	None	44 of 100
24 Sep 2026	None	47 of 100
23 Sep 2026	None	28 of 100
22 Sep 2026	None	28 of 100
21 Sep 2026	None	51 of 100
18 Sep 2026	None	68 of 100
17 Sep 2026	None	78 of 100
16 Sep 2026	None	44 of 100

Paper trading. The model's figures from 25 Sep 2026, one trading day behind, as the Free plan shows them.

Open Signal History in RingMaster The Signal History guide

Sector Split

On 25 Sep 2026, 80 of 187 Information Technology names were bullish and 61 were bearish, paper trading.

Sector	Names	Bullish	Bearish	Neutral
Information Technology	187	80	61	46

Paper trading. The model's figures from 25 Sep 2026, one trading day behind, as the Free plan shows them.

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Price Chart

ADI closed at 395.43 on 28 Sep 2026.

Figure	Value
Last close	395.43
Change over 5 trading days	+3.2%
Change over 21 trading days	+5.6%
Change over 63 trading days	+0.9%
Change over 252 trading days	+59.8%
52 week high	445.91
52 week low	223.47
20 day moving average	370.62
50 day moving average	373.59
200 day moving average	357.07
RSI, 14 days	63

Worked out from the desk's own daily bars, adjusted for share splits.

From the daily bars through 28 Sep 2026. Current on every plan.

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Earnings Radar

ADI reports next on 24 Nov 2026, a date confirmed by the company.

Figure	Value
Next report	24 Nov 2026
Date	Confirmed by the company

Earnings calendar as of 28 Sep 2026. Current on every plan.

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Company Events

ADI filed 1 current report in the 14 days to 28 Sep 2026, the latest on 17 Sep 2026.

Filed	Report	What it covers
17 Sep 2026	Current report	Entry into a Material Definitive Agreement

Filings as of 28 Sep 2026. Current on every plan.

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Short Volume

On 25 Sep 2026, 55.6 percent of ADI's reported volume at the covered venues was marked short.

Figure	Value
Short sale share, 25 Sep	55.6%
Five day average	51.8%
52 week median	47.5%
Short interest, share of shares outstanding	1.8% at the 15 Sep 2026 settlement
Days to cover	2.7

Short sale volume counts trades marked short at the covered venues, mostly off exchange. It is not the same as short interest.

Short volume as of 25 Sep 2026. Current on every plan.

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Seasonality

In the 36 Septembers on record, ADI's average change was minus 1.0 percent, and it rose in 41.7 percent of them.

Month	Average change	Middle change	Share of years up	Years
September	-1.0%	-0.3%	41.7%	36
October	+2.0%	+1.9%	55.6%	36
November	+4.6%	+5.8%	72.2%	36

Each figure is a month end to month end change in past years. A past month says nothing certain about the next one.

Monthly history through 28 Sep 2026. Current on every plan.

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Headlines

The desk's news feeds carried 5 headlines naming ADI in the 3 days to 28 Sep 2026.

Figure	Value
Headlines in the window	5
Latest	28 Sep 2026

The titles are in the Headlines window, with the time each was published.

Headlines as of 28 Sep 2026. Current on every plan.

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Questions

What is ADI's IV rank?: ADI's IV rank is 98 of 100 on 28 Sep 2026.
What move are ADI options pricing?: On 28 Sep 2026, ADI options priced a move of 12.5 percent down and 12.8 percent up by 30 Oct 2026.
Where are ADI's call wall and put wall?: On 28 Sep 2026, ADI's call wall is the 420 strike and its put wall is the 370 strike.
What was the desk's latest view of ADI on the Free plan?: On 25 Sep 2026 the desk's view of ADI was neutral, paper trading.
When does ADI report earnings next?: ADI reports next on 24 Nov 2026, a date confirmed by the company.

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