Industrials

Axon Enterprise Inc (AXON) options and signal

Figures as of 28 Sep 2026

AXON is Axon Enterprise Inc, an Industrials 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.

Membership gets tonight's signals the night they publish. Free gets every options screen, never delayed, and the signals one trading day behind.

Start free See the plans

At a glance

Figure	Value	Date
IV rank	50 of 100	28 Sep
At the money IV	53.3%	28 Sep
Priced move to 30 Oct	15.8% down, 16.6% up	28 Sep
Call wall and put wall	600 and 400	28 Sep
Signal and the desk's view	No signal, view neutral	25 Sep
Last close	424.75	28 Sep
Next report	3 Nov 2026	28 Sep

Options Snapshot

AXON's IV rank is 50 of 100 on 28 Sep 2026.

Figure	Value
IV rank	50 of 100
At the money IV	53.3%, near month, 32 days
Put/call ratio, open interest	1.35
Call open interest, strikes captured near the price	13,900 contracts
Put open interest, strikes captured near the price	18,800 contracts
Cost to trade at the money	Fair, 38.9% of the option's mid price

IV rank is where the at the money IV sits among AXON'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, AXON options priced a move of 15.8 percent down and 16.6 percent up by 30 Oct 2026.

Expiry	Days	Down	Up	Range
2 Oct 2026	4	6.5%	5.8%	397.25 to 449.35
9 Oct 2026	11	11.0%	9.8%	377.85 to 466.25
23 Oct 2026	25	13.6%	14.5%	366.95 to 486.45
30 Oct 2026	32	15.8%	16.6%	357.65 to 495.25
20 Nov 2026	53	25.2%	26.8%	317.75 to 538.75
18 Dec 2026	81	30.1%	32.7%	296.75 to 563.75
19 Mar 2027	172	40.0%	45.4%	254.75 to 617.75

The range is one standard deviation either side of the close of 424.75, 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, AXON's call wall is the 600 strike and its put wall is the 400 strike.

Figure	Value
Call wall, most open call gamma	600
Put wall, most open put gamma	400
Net dollar gamma, calls minus puts	minus $5.61 million
Total dollar gamma, both sides	$18.72 million
Close	424.75

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 5 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, AXON's at the money IV is 53.3 percent against 20 day realized volatility of 64.1 percent.

Figure	Value
At the money IV	53.3%
Realized volatility, 20 trading days	64.1%
Realized volatility, 60 trading days	71.2%
IV against its own weekly record	In the middle
Weekly readings on record	478, from 26 Jun 2015
Weeks the price moved more than the one week priced move	30.6% 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, AXON's at the money IV runs from 54.7 percent at 4 days to 62.5 percent at 172 days.

Days to expiry	At the money IV
4	54.7%
11	54.6%
18	54.2%
25	52.3%
39	66.6%
53	68.1%
81	66.8%
172	62.5%

Far expiries price more volatility than near ones, an upward sloping 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 32 day expiry, AXON's IV ten percent below the price sits 2.6 points below at the money IV.

Strike area	Implied volatility	Against at the money
10% below the price	50.7%	-2.6 points
At the money	53.3%	0.0 points
10% above the price	55.6%	+2.3 points

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

Open Volatility Smile in RingMaster The Volatility Smile guide

Volatility Surface

On 28 Sep 2026, AXON's surface spans 10 expiries out to 172 days, with IV from 50.3 to 96.3 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	97
Lowest IV among them	50.3%
Highest IV among them	96.3%

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, AXON 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	54.7%	719	1,621
9 Oct 2026	11	54.6%	316	515
16 Oct 2026	18	54.2%	846	2,208
23 Oct 2026	25	52.3%	116	1,037
30 Oct 2026	32	53.3%	144	515
6 Nov 2026	39	66.6%	24	37
20 Nov 2026	53	68.1%	462	641
18 Dec 2026	81	66.8%	7,235	2,916
15 Jan 2027	109	63.3%	3,206	7,468
19 Mar 2027	172	62.5%	844	1,825

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.

Open Expiry Ladder in RingMaster The Expiry Ladder guide

Strike Table

On 28 Sep 2026, AXON's largest open interest sits at the 600 strike, with 6,656 contracts across the captured expiries.

Strike	Call open interest	Put open interest	Total
600	5,962	694	6,656
400	169	1,601	1,770
450	306	1,310	1,616
220	4	1,498	1,502
500	662	783	1,445
380	431	903	1,334

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

Open Strike Table in RingMaster The Strike Table guide

Since Yesterday

From 25 Sep 2026 to 28 Sep 2026, AXON's at the money IV moved from 51.2 percent to 53.3 percent.

Figure	25 Sep	28 Sep	Change
At the money IV	51.2%	53.3%	+2.1 points
Open interest, strikes captured near the price	30,968	32,695	+1,727
Put/call ratio, open interest	1.26	1.35	+0.09

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, 7,129 AXON option contracts traded, 1.1 times its own recent average.

Figure	Value
Calls traded	2,998
Puts traded	4,131
Against its recent average	1.1 times
Busier than	19 of its last 20 trading days
Open interest, whole chain	43,075 contracts
Volume to open interest	0.17
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.

Open Changed Hands in RingMaster The Changed Hands guide

Positioning Replay

The replay holds 33 trading days of AXON'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	636.31	$6.93 million	600	600
21 Sep 2026	452.06	minus $2.96 million	460	450
28 Sep 2026	424.75	minus $5.61 million	600	400

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.

Open Positioning Replay in RingMaster The Positioning Replay guide

Read-out

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

Figure	Value
Side	Neutral at 45 trading days, no signal
Level above the close	434.46, the swing high of 15 Sep 2026
Level below the close	414.60, the swing low of 28 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 AXON sat at the 43rd percentile of the model's 45 trading day ranking, paper trading.

Timeframe	Percentile	Side
10 trading days	36 of 100	Neutral
20 trading days	65 of 100	Neutral
45 trading days	43 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 AXON'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 AXON had carried no signal for 16 trading days, paper trading.

Trading day	Signal	45 day percentile
25 Sep 2026	None	43 of 100
24 Sep 2026	None	18 of 100
23 Sep 2026	None	10 of 100
22 Sep 2026	None	7 of 100
21 Sep 2026	None	41 of 100
18 Sep 2026	None	40 of 100
17 Sep 2026	None	50 of 100
16 Sep 2026	None	10 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, 51 of 147 Industrials names were bullish and 37 were bearish, paper trading.

Sector	Names	Bullish	Bearish	Neutral
Industrials	147	51	37	59

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

AXON closed at 424.75 on 28 Sep 2026.

Figure	Value
Last close	424.75
Change over 5 trading days	-6.0%
Change over 21 trading days	-30.5%
Change over 63 trading days	-16.8%
Change over 252 trading days	-40.4%
52 week high	764.02
52 week low	339.01
20 day moving average	478.15
50 day moving average	536.68
200 day moving average	499.90
RSI, 14 days	33

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.

Open Price Chart in RingMaster The Price Chart guide

Earnings Radar

AXON reports next on 3 Nov 2026, a date confirmed by the company.

Figure	Value
Next report	3 Nov 2026, after the close
Date	Confirmed by the company
Move after the report of 5 Aug 2026	-14.3%
Move after the report of 6 May 2026	+10.6%
Move after the report of 24 Feb 2026	+17.6%
Move after the report of 4 Nov 2025	-9.4%

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

Open Earnings Radar in RingMaster The Earnings Radar guide

Company Events

AXON filed 2 current reports in the 14 days to 28 Sep 2026, the latest on 21 Sep 2026.

Filed	Report	What it covers
21 Sep 2026	Current report	Entry into a Material Definitive Agreement; Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant; Regulation FD Disclosure
15 Sep 2026	Current report	Entry into a Material Definitive Agreement; Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant; Regulation FD Disclosure

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

Open Company Events in RingMaster The Company Events guide

Short Volume

On 25 Sep 2026, 56.9 percent of AXON's reported volume at the covered venues was marked short.

Figure	Value
Short sale share, 25 Sep	56.9%
Five day average	59.0%
52 week median	57.3%
Short interest, share of shares outstanding	4.5% at the 15 Sep 2026 settlement
Days to cover	3.6

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.

Open Short Volume in RingMaster The Short Volume guide

Seasonality

In the 25 Septembers on record, AXON's average change was plus 2.4 percent, and it rose in 56.0 percent of them.

Month	Average change	Middle change	Share of years up	Years
September	+2.4%	+0.6%	56.0%	25
October	+8.6%	+6.0%	72.0%	25
November	+9.0%	+8.3%	64.0%	25

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 AXON's IV rank?: AXON's IV rank is 50 of 100 on 28 Sep 2026.
What move are AXON options pricing?: On 28 Sep 2026, AXON options priced a move of 15.8 percent down and 16.6 percent up by 30 Oct 2026.
Where are AXON's call wall and put wall?: On 28 Sep 2026, AXON's call wall is the 600 strike and its put wall is the 400 strike.
What was the desk's latest view of AXON on the Free plan?: On 25 Sep 2026 the desk's view of AXON was neutral, paper trading.
When does AXON report earnings next?: AXON reports next on 3 Nov 2026, a date confirmed by the company.

More Industrials names

Guides and the full list

Membership gets tonight's signals the night they publish. Free gets every options screen, never delayed, and the signals one trading day behind.

Start free See the plans