Information Technology

Applied Materials (AMAT) options and signal

Figures as of 28 Sep 2026

AMAT is Applied Materials, 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	96 of 100	28 Sep
At the money IV	53.0%	28 Sep
Priced move to 30 Oct	15.7% down, 16.6% up	28 Sep
Call wall and put wall	500 and 450	28 Sep
Signal and the desk's view	No signal, view bearish	25 Sep
Last close	486.76	28 Sep
Next report	12 Nov 2026	28 Sep

Options Snapshot

AMAT's IV rank is 96 of 100 on 28 Sep 2026.

Figure	Value
IV rank	96 of 100
At the money IV	53.0%, near month, 32 days
Put/call ratio, open interest	1.08
Call open interest, strikes captured near the price	99,800 contracts
Put open interest, strikes captured near the price	108,000 contracts
Cost to trade at the money	Fair, 13.5% of the option's mid price

IV rank is where the at the money IV sits among AMAT'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, AMAT options priced a move of 15.7 percent down and 16.6 percent up by 30 Oct 2026.

Expiry	Days	Down	Up	Range
2 Oct 2026	4	6.1%	6.0%	457.06 to 516.16
9 Oct 2026	11	9.2%	9.1%	442.06 to 530.96
23 Oct 2026	25	13.9%	14.3%	418.96 to 556.16
30 Oct 2026	32	15.7%	16.6%	410.26 to 567.66
20 Nov 2026	53	21.4%	22.0%	382.76 to 593.76
18 Dec 2026	81	25.7%	27.3%	361.76 to 619.76
19 Feb 2027	144	33.5%	36.4%	323.76 to 663.76

The range is one standard deviation either side of the close of 486.76, 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.

Open Priced Range in RingMaster The Priced Range guide

Gamma Map

On 28 Sep 2026, AMAT's call wall is the 500 strike and its put wall is the 450 strike.

Figure	Value
Call wall, most open call gamma	500
Put wall, most open put gamma	450
Net dollar gamma, calls minus puts	$19.04 million
Total dollar gamma, both sides	$160.59 million
Close	486.76

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 8 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, AMAT's at the money IV is 53.0 percent against 20 day realized volatility of 49.0 percent.

Figure	Value
At the money IV	53.0%
Realized volatility, 20 trading days	49.0%
Realized volatility, 60 trading days	63.8%
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	33.3% 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, AMAT's at the money IV runs from 58.1 percent at 4 days to 55.5 percent at 144 days.

Days to expiry	At the money IV
4	58.1%
11	52.7%
18	55.6%
25	54.5%
39	54.8%
53	57.6%
81	55.9%
144	55.5%

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, AMAT's IV ten percent below the price sits 0.4 points above at the money IV.

Strike area	Implied volatility	Against at the money
10% below the price	53.4%	+0.4 points
At the money	53.0%	0.0 points
10% above the price	54.4%	+1.4 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, AMAT's surface spans 10 expiries out to 144 days, with IV from 51.3 to 58.1 percent near the price.

Figure	Value
Expiries captured	10
Nearest expiry	2 Oct 2026, 4 days
Farthest expiry	19 Feb 2027, 144 days
Points within 10% of the price, 7 days out or more	157
Lowest IV among them	51.3%
Highest IV among them	58.1%

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, AMAT has 10 captured expiries, from 2 Oct 2026 to 19 Feb 2027.

Expiry	Days	At the money IV	Call open interest	Put open interest
2 Oct 2026	4	58.1%	9,571	4,666
9 Oct 2026	11	52.7%	3,796	1,881
16 Oct 2026	18	55.6%	17,125	18,449
23 Oct 2026	25	54.5%	1,994	2,259
30 Oct 2026	32	53.0%	1,598	1,539
6 Nov 2026	39	54.8%	406	91
20 Nov 2026	53	57.6%	16,932	20,222
18 Dec 2026	81	55.9%	20,214	21,819
15 Jan 2027	109	54.0%	23,645	26,999
19 Feb 2027	144	55.5%	4,519	9,735

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, AMAT's largest open interest sits at the 500 strike, with 11,773 contracts across the captured expiries.

Strike	Call open interest	Put open interest	Total
500	6,894	4,879	11,773
450	6,104	5,454	11,558
400	2,356	6,366	8,722
420	1,744	6,672	8,416
440	3,626	4,342	7,968
300	1,462	5,763	7,225

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, AMAT's at the money IV moved from 54.9 percent to 53.0 percent.

Figure	25 Sep	28 Sep	Change
At the money IV	54.9%	53.0%	-2.0 points
Open interest, strikes captured near the price	231,604	207,460	-24,144
Put/call ratio, open interest	1.20	1.08	-0.12

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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Changed Hands

On 28 Sep 2026, 37,679 AMAT option contracts traded, 0.8 times its own recent average.

Figure	Value
Calls traded	16,357
Puts traded	21,322
Against its recent average	0.8 times
Busier than	2 of its last 20 trading days
Open interest, whole chain	451,808 contracts
Volume to open interest	0.08
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 AMAT'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	525.61	$2.49 million	550	500
21 Sep 2026	464.24	$449,616	500	420
28 Sep 2026	486.76	$19.04 million	500	450

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 AMAT was bearish, paper trading.

Figure	Value
Side	Bearish at 45 trading days, no signal
Level above the close	563.76, the swing high of 13 Aug 2026, a close past it runs against the view
Level below the close	474.04, the swing low of 9 Sep 2026
The chart	Sits against the view
Strategy family	Bear call spread (sell a call spread above the price)
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.

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Rank by Timeframe

On 25 Sep 2026 AMAT sat at the 14th percentile of the model's 45 trading day ranking, paper trading.

Timeframe	Percentile	Side
10 trading days	62 of 100	Neutral
20 trading days	17 of 100	Bearish
45 trading days	14 of 100	Bearish

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, 2 of 3 timeframes put AMAT on the bearish side, paper trading.

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

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

Open Timeframe Agreement in RingMaster The Timeframe Agreement guide

Signal History

On 25 Sep 2026 AMAT had carried no signal for 2 trading days, paper trading.

Trading day	Signal	45 day percentile
25 Sep 2026	None	14 of 100
24 Sep 2026	None	12 of 100
23 Sep 2026	Bearish	3 of 100
22 Sep 2026	Bearish	3 of 100
21 Sep 2026	None	55 of 100
18 Sep 2026	None	84 of 100
17 Sep 2026	None	58 of 100
16 Sep 2026	None	11 of 100

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

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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

AMAT closed at 486.76 on 28 Sep 2026.

Figure	Value
Last close	486.76
Change over 5 trading days	+4.9%
Change over 21 trading days	+0.9%
Change over 63 trading days	-29.9%
Change over 252 trading days	+143.9%
52 week high	739.67
52 week low	197.39
20 day moving average	453.06
50 day moving average	489.39
200 day moving average	422.52
RSI, 14 days	56

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

AMAT reports next on 12 Nov 2026, a date confirmed by the company.

Figure	Value
Next report	12 Nov 2026
Date	Confirmed by the company

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

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Public Filings

The filings the desk holds carry 1 recent trade in AMAT shares.

Filed	Who	Trade	Size
14 Sep 2026	. Josh Gottheimer, member of Congress	Bought	$1,001 to $15,000

Every filing is reproduced as filed, and each one reaches the public days or weeks after the trade.

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

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Short Volume

On 25 Sep 2026, 54.7 percent of AMAT's reported volume at the covered venues was marked short.

Figure	Value
Short sale share, 25 Sep	54.7%
Five day average	47.4%
52 week median	41.1%
Short interest, share of shares outstanding	1.8% at the 15 Sep 2026 settlement
Days to cover	2.4

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, AMAT's average change was minus 2.6 percent, and it rose in 41.7 percent of them.

Month	Average change	Middle change	Share of years up	Years
September	-2.6%	-3.3%	41.7%	36
October	+2.0%	-1.1%	47.2%	36
November	+6.2%	+7.2%	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 6 headlines naming AMAT in the 3 days to 28 Sep 2026.

Figure	Value
Headlines in the window	6
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 AMAT's IV rank?: AMAT's IV rank is 96 of 100 on 28 Sep 2026.
What move are AMAT options pricing?: On 28 Sep 2026, AMAT options priced a move of 15.7 percent down and 16.6 percent up by 30 Oct 2026.
Where are AMAT's call wall and put wall?: On 28 Sep 2026, AMAT's call wall is the 500 strike and its put wall is the 450 strike.
What was the desk's latest view of AMAT on the Free plan?: On 25 Sep 2026 the desk's view of AMAT was bearish, paper trading.
When does AMAT report earnings next?: AMAT reports next on 12 Nov 2026, a date confirmed by the company.

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