Energy

Baker Hughes Co (BKR) options and signal

Figures as of 28 Sep 2026

BKR is Baker Hughes Co, an Energy 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	43 of 100	28 Sep
At the money IV	35.2%	28 Sep
Priced move to 16 Oct	7.2% down, 8.7% up	28 Sep
Call wall and put wall	60 and 55	28 Sep
Signal and the desk's view	No signal, view bearish	25 Sep
Last close	57.12	28 Sep
Next report	27 Oct 2026	28 Sep

Options Snapshot

BKR's IV rank is 43 of 100 on 28 Sep 2026.

Figure	Value
IV rank	43 of 100
At the money IV	35.2%, near month, 18 days
Put/call ratio, open interest	0.62
Call open interest, strikes captured near the price	31,000 contracts
Put open interest, strikes captured near the price	19,200 contracts
Cost to trade at the money	Fair, 18.0% of the option's mid price

IV rank is where the at the money IV sits among BKR'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, BKR options priced a move of 7.2 percent down and 8.7 percent up by 16 Oct 2026.

Expiry	Days	Down	Up	Range
16 Oct 2026	18	7.2%	8.7%	53.02 to 62.08
20 Nov 2026	53	14.4%	14.4%	48.89 to 65.36
18 Dec 2026	81	16.3%	17.7%	47.81 to 67.22
15 Jan 2027	109	18.6%	22.8%	46.52 to 70.12
19 Mar 2027	172	24.2%	27.1%	43.32 to 72.62
16 Apr 2027	200	25.6%	30.6%	42.52 to 74.62

The range is one standard deviation either side of the close of 57.12, 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, BKR's call wall is the 60 strike and its put wall is the 55 strike.

Figure	Value
Call wall, most open call gamma	60
Put wall, most open put gamma	55
Flip strike, where net gamma changes sign	55.02
Net dollar gamma, calls minus puts	$1.24 million
Total dollar gamma, both sides	$5.31 million
Close	57.12

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.

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, BKR's at the money IV is 35.2 percent against 20 day realized volatility of 32.2 percent.

Figure	Value
At the money IV	35.2%
Realized volatility, 20 trading days	32.2%
Realized volatility, 60 trading days	31.1%
IV against its own weekly record	In the middle
Weekly readings on record	348, from 29 Nov 2019
Weeks the price moved more than the one week priced move	31.0% 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.

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Volatility Weather

On 28 Sep 2026, BKR's at the money IV runs from 35.2 percent at 18 days to 37.4 percent at 200 days.

Days to expiry	At the money IV
18	35.2%
53	37.8%
81	35.8%
109	37.2%
172	37.0%
200	37.4%

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.

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Volatility Smile

On 28 Sep 2026, at the 53 day expiry, BKR's IV ten percent below the price sits 8.1 points above at the money IV.

Strike area	Implied volatility	Against at the money
10% below the price	45.9%	+8.1 points
At the money	37.8%	0.0 points
10% above the price	38.6%	+0.8 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, BKR's surface spans 6 expiries out to 200 days, with IV from 36.4 to 40.7 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	12
Lowest IV among them	36.4%
Highest IV among them	40.7%

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, BKR 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	35.2%	8,025	5,934
20 Nov 2026	53	37.8%	787	310
18 Dec 2026	81	35.8%	10,993	3,160
15 Jan 2027	109	37.2%	9,558	6,940
19 Mar 2027	172	37.0%	1,410	2,798
16 Apr 2027	200	37.4%	265	18

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, BKR's largest open interest sits at the 60 strike, with 11,672 contracts across the captured expiries.

Strike	Call open interest	Put open interest	Total
60	8,549	3,123	11,672
65	6,339	4,194	10,533
55	5,208	3,811	9,019
50	1,761	3,393	5,154
70	3,379	37	3,416
40	471	2,206	2,677

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, BKR's at the money IV moved from 34.9 percent to 35.2 percent.

Figure	25 Sep	28 Sep	Change
At the money IV	34.9%	35.2%	+0.3 points
Open interest, strikes captured near the price	51,341	50,198	-1,143
Put/call ratio, open interest	0.58	0.62	+0.04

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, 1,884 BKR option contracts traded, 0.5 times its own recent average.

Figure	Value
Calls traded	1,181
Puts traded	703
Against its recent average	0.5 times
Busier than	4 of its last 20 trading days
Open interest, whole chain	56,498 contracts
Volume to open interest	0.03
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 BKR'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	64.81	$4.21 million	65	60
21 Sep 2026	57.83	$537,782	60	55
28 Sep 2026	57.12	$1.24 million	60	55

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 BKR was bearish, paper trading.

Figure	Value
Side	Bearish at 45 trading days, no signal
Level above the close	58.20, the swing high of 21 Sep 2026, a close past it runs against the view
Level below the close	55.44, the swing low of 16 Sep 2026
The chart	Sits with the view
Strategy family	Bear put spread (buy a put spread)
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 BKR sat at the 20th percentile of the model's 45 trading day ranking, paper trading.

Timeframe	Percentile	Side
10 trading days	32 of 100	Neutral
20 trading days	39 of 100	Neutral
45 trading days	20 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 BKR'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 BKR had carried no signal for 9 trading days, paper trading.

Trading day	Signal	45 day percentile
25 Sep 2026	None	20 of 100
24 Sep 2026	None	24 of 100
23 Sep 2026	None	42 of 100
22 Sep 2026	None	55 of 100
21 Sep 2026	None	36 of 100
18 Sep 2026	None	37 of 100
17 Sep 2026	None	34 of 100
16 Sep 2026	None	61 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, 17 of 56 Energy names were bullish and 33 were bearish, paper trading.

Sector	Names	Bullish	Bearish	Neutral
Energy	56	17	33	6

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

BKR closed at 57.12 on 28 Sep 2026.

Figure	Value
Last close	57.12
Change over 5 trading days	-1.2%
Change over 21 trading days	-8.0%
Change over 63 trading days	+1.4%
Change over 252 trading days	+14.0%
52 week high	70.41
52 week low	43.92
20 day moving average	59.70
50 day moving average	60.66
200 day moving average	59.19
RSI, 14 days	38

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

BKR reports next on 27 Oct 2026, a date confirmed by the company.

Figure	Value
Next report	27 Oct 2026, after the close
Date	Confirmed by the company
Move after the report of 26 Jul 2026	+5.8%
Move after the report of 23 Apr 2026	+6.9%
Move after the report of 25 Jan 2026	+4.4%
Move after the report of 23 Oct 2025	-3.2%

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

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Short Volume

On 25 Sep 2026, 35.5 percent of BKR's reported volume at the covered venues was marked short.

Figure	Value
Short sale share, 25 Sep	35.5%
Five day average	36.5%
52 week median	45.2%
Short interest, share of shares outstanding	2.5% at the 15 Sep 2026 settlement
Days to cover	3.4

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, BKR's average change was minus 1.3 percent, and it rose in 50.0 percent of them.

Month	Average change	Middle change	Share of years up	Years
September	-1.3%	-0.1%	50.0%	36
October	+0.3%	-1.0%	47.2%	36
November	-0.5%	+0.9%	50.0%	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 4 headlines naming BKR in the 3 days to 28 Sep 2026.

Figure	Value
Headlines in the window	4
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 BKR's IV rank?: BKR's IV rank is 43 of 100 on 28 Sep 2026.
What move are BKR options pricing?: On 28 Sep 2026, BKR options priced a move of 7.2 percent down and 8.7 percent up by 16 Oct 2026.
Where are BKR's call wall and put wall?: On 28 Sep 2026, BKR's call wall is the 60 strike and its put wall is the 55 strike.
What was the desk's latest view of BKR on the Free plan?: On 25 Sep 2026 the desk's view of BKR was bearish, paper trading.
When does BKR report earnings next?: BKR reports next on 27 Oct 2026, a date confirmed by the company.

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