Health Care

Ascendis Pharma A/S (ASND) options and signal

Figures as of 28 Sep 2026

ASND is Ascendis Pharma A/S, a Health Care 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	35 of 100	28 Sep
At the money IV	47.3%	28 Sep
Priced move to 16 Oct	10.3% down, 11.0% up	28 Sep
Call wall and put wall	250 and 220	28 Sep
Signal and the desk's view	No signal, view neutral	25 Sep
Last close	230.05	28 Sep

Options Snapshot

ASND's IV rank is 35 of 100 on 28 Sep 2026.

Figure	Value
IV rank	35 of 100
At the money IV	47.3%, near month, 18 days
Put/call ratio, open interest	0.62
Call open interest, strikes captured near the price	5,710 contracts
Put open interest, strikes captured near the price	3,520 contracts
Cost to trade at the money	Wide, 45.1% of the option's mid price

IV rank is where the at the money IV sits among ASND'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.

Open Options Snapshot in RingMaster The Options Snapshot guide

Priced Range

On 28 Sep 2026, ASND options priced a move of 10.3 percent down and 11.0 percent up by 16 Oct 2026.

Expiry	Days	Down	Up	Range
16 Oct 2026	18	10.3%	11.0%	206.35 to 255.45
20 Nov 2026	53	18.6%	19.1%	187.15 to 273.95
18 Dec 2026	81	21.2%	22.4%	181.25 to 281.65
15 Jan 2027	109	24.1%	36.8%	174.65 to 314.65
19 Mar 2027	172	50.0%	33.3%	115.05 to 306.75
16 Apr 2027	200	33.2%	35.6%	153.75 to 311.85

The range is one standard deviation either side of the close of 230.05, 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, ASND's call wall is the 250 strike and its put wall is the 220 strike.

Figure	Value
Call wall, most open call gamma	250
Put wall, most open put gamma	220
Net dollar gamma, calls minus puts	$471,910
Total dollar gamma, both sides	$3.74 million
Close	230.05

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 4 strikes, so no single flip strike is named.

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

Open Gamma Map in RingMaster The Gamma Map guide

Volatility History

On 28 Sep 2026, ASND's at the money IV is 47.3 percent against 20 day realized volatility of 56.3 percent.

Figure	Value
At the money IV	47.3%
Realized volatility, 20 trading days	56.3%
Realized volatility, 60 trading days	38.8%
IV against its own weekly record	In the middle
Weekly readings on record	419, from 6 Apr 2018
Weeks the price moved more than the one week priced move	22.0% of 236 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, ASND's at the money IV runs from 47.3 percent at 18 days to 44.8 percent at 200 days.

Days to expiry	At the money IV
18	47.3%
53	48.9%
81	44.9%
109	67.3%
172	73.0%
200	44.8%

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.

Open Volatility Weather in RingMaster The Volatility Weather guide

Volatility Smile

On 28 Sep 2026, at the 53 day expiry, ASND'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	49.4%	+0.4 points
At the money	48.9%	0.0 points
10% above the price	47.2%	-1.8 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, ASND's surface spans 6 expiries out to 200 days, with IV from 41.8 to 76.7 percent near the price.

Figure	Value
Expiries captured	6
Nearest expiry	16 Oct 2026, 18 days
Farthest expiry	16 Apr 2027, 200 days
Points within 10% of the price, 7 days out or more	27
Lowest IV among them	41.8%
Highest IV among them	76.7%

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

Open Volatility Surface in RingMaster The Volatility Surface guide

Expiry Ladder

On 28 Sep 2026, ASND has 6 captured expiries, from 16 Oct 2026 to 16 Apr 2027.

Expiry	Days	At the money IV	Call open interest	Put open interest
16 Oct 2026	18	47.3%	2,460	1,176
20 Nov 2026	53	48.9%	126	67
18 Dec 2026	81	44.9%	1,926	908
15 Jan 2027	109	67.3%	592	813
19 Mar 2027	172	73.0%	595	515
16 Apr 2027	200	44.8%	14	41

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, ASND's largest open interest sits at the 250 strike, with 2,420 contracts across the captured expiries.

Strike	Call open interest	Put open interest	Total
250	1,805	615	2,420
330	867	0	867
220	168	623	791
200	131	644	775
210	15	645	660
280	570	1	571

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, ASND's at the money IV moved from 46.9 percent to 47.3 percent.

Figure	25 Sep	28 Sep	Change
At the money IV	46.9%	47.3%	+0.4 points
Open interest, strikes captured near the price	9,179	9,233	+54
Put/call ratio, open interest	0.61	0.62	+0.00

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, 1,537 ASND option contracts traded, 0.9 times its own recent average.

Figure	Value
Calls traded	618
Puts traded	919
Against its recent average	0.9 times
Busier than	12 of its last 20 trading days
Open interest, whole chain	9,342 contracts
Volume to open interest	0.16
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 ASND'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	254.57	$281,445	270	260
21 Sep 2026	237.59	minus $53,855	250	240
28 Sep 2026	230.05	$471,910	250	220

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 ASND was neutral, paper trading.

Figure	Value
Side	Neutral at 45 trading days, no signal
Level above the close	268.98, the swing high of 31 Aug 2026
Level below the close	228.56, the swing low of 15 Sep 2026
Strategy family	Long straddle (buy a call and a put at the same strike)
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 ASND sat at the 59th percentile of the model's 45 trading day ranking, paper trading.

Timeframe	Percentile	Side
10 trading days	49 of 100	Neutral
20 trading days	55 of 100	Neutral
45 trading days	59 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.

Open Rank by Timeframe in RingMaster The Rank by Timeframe guide

Timeframe Agreement

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

Group	Timeframes	Side	On that side
Near	10 day, 20 day	Neutral	0 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.

Open Timeframe Agreement in RingMaster The Timeframe Agreement guide

Signal History

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

Trading day	Signal	45 day percentile
25 Sep 2026	None	59 of 100
24 Sep 2026	None	48 of 100
23 Sep 2026	None	50 of 100
22 Sep 2026	None	55 of 100
21 Sep 2026	None	71 of 100
18 Sep 2026	None	60 of 100
17 Sep 2026	None	78 of 100
16 Sep 2026	None	53 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, 32 of 120 Health Care names were bullish and 52 were bearish, paper trading.

Sector	Names	Bullish	Bearish	Neutral
Health Care	120	32	52	36

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

Open Sector Split in RingMaster The Sector Split guide

Price Chart

ASND closed at 230.05 on 28 Sep 2026.

Figure	Value
Last close	230.05
Change over 5 trading days	-3.2%
Change over 21 trading days	-7.7%
Change over 63 trading days	-12.8%
Change over 252 trading days	+21.2%
52 week high	282.15
52 week low	186.05
20 day moving average	250.04
50 day moving average	250.71
200 day moving average	235.24
RSI, 14 days	39

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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Seasonality

In the 11 Septembers on record, ASND's average change was plus 4.0 percent, and it rose in 63.6 percent of them.

Month	Average change	Middle change	Share of years up	Years
September	+4.0%	+2.3%	63.6%	11
October	-1.0%	-3.1%	45.5%	11
November	+4.7%	+5.3%	81.8%	11

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.

Open Seasonality in RingMaster The Seasonality guide

Questions

What is ASND's IV rank?: ASND's IV rank is 35 of 100 on 28 Sep 2026.
What move are ASND options pricing?: On 28 Sep 2026, ASND options priced a move of 10.3 percent down and 11.0 percent up by 16 Oct 2026.
Where are ASND's call wall and put wall?: On 28 Sep 2026, ASND's call wall is the 250 strike and its put wall is the 220 strike.
What was the desk's latest view of ASND on the Free plan?: On 25 Sep 2026 the desk's view of ASND was neutral, paper trading.

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