Health Care

Caris Life Sciences, Inc. (CAI) options and signal

Figures as of 28 Sep 2026

CAI is Caris Life Sciences, Inc., 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
Priced move to 16 Oct	14.6% down, 13.1% up	28 Sep
Call wall and put wall	Both 30	28 Sep
Signal and the desk's view	No signal, view neutral	25 Sep
Last close	31.75	28 Sep
Next report	4 Nov 2026	28 Sep

Options Snapshot

CAI's at the money implied volatility is 58.9 percent on 28 Sep 2026.

Figure	Value
IV rank	Not stated, 42 weeks of record
At the money IV	58.9%, near month, 18 days
Put/call ratio, open interest	0.34
Call open interest, strikes captured near the price	8,690 contracts
Put open interest, strikes captured near the price	2,930 contracts
Cost to trade at the money	Wide, 118.4% of the option's mid price

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, CAI options priced a move of 14.6 percent down and 13.1 percent up by 16 Oct 2026.

Expiry	Days	Down	Up	Range
16 Oct 2026	18	14.6%	13.1%	27.12 to 35.90
20 Nov 2026	53	30.6%	29.9%	22.04 to 41.24
18 Dec 2026	81	33.7%	32.4%	21.05 to 42.05
15 Jan 2027	109	38.7%	38.1%	19.45 to 43.85
19 Mar 2027	172	49.8%	49.8%	15.95 to 47.55
16 Apr 2027	200	49.8%	50.1%	15.95 to 47.65

The range is one standard deviation either side of the close of 31.75, as the option prices imply it.

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

Thin quote at that expiry; its neighbours' reading stands in.

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, CAI's call wall and put wall are both at the 30 strike.

Figure	Value
Call wall, most open call gamma	30
Put wall, most open put gamma	30
Flip strike, where net gamma changes sign	25.04
Net dollar gamma, calls minus puts	$299,756
Total dollar gamma, both sides	$447,995
Close	31.75

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.

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, CAI's at the money IV is 58.9 percent against 20 day realized volatility of 56.7 percent.

Figure	Value
At the money IV	58.9%
Realized volatility, 20 trading days	56.7%
Realized volatility, 60 trading days	72.3%
Weekly readings on record	42, from 27 Jun 2025

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, CAI's at the money IV runs from 58.9 percent at 18 days to 67.7 percent at 200 days.

Days to expiry	At the money IV
18	58.9%
53	78.5%
81	68.6%
109	69.7%
172	72.5%
200	67.7%

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 Surface

On 28 Sep 2026, CAI's surface spans 6 expiries out to 200 days, with IV from 40.3 to 80.0 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	6
Lowest IV among them	40.3%
Highest IV among them	80.0%

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, CAI 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	58.9%	2,609	1,006
20 Nov 2026	53	78.5%	164	192
18 Dec 2026	81	68.6%	1,387	247
15 Jan 2027	109	69.7%	1,018	1,359
19 Mar 2027	172	72.5%	198	54
16 Apr 2027	200	67.7%	3,312	69

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, CAI's largest open interest sits at the 40 strike, with 3,462 contracts across the captured expiries.

Strike	Call open interest	Put open interest	Total
40	3,461	1	3,462
30	1,957	1,142	3,099
25	978	1,071	2,049
35	1,913	98	2,011
17.5	65	407	472
20	174	169	343

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, CAI's at the money IV moved from 68.8 percent to 58.9 percent.

Figure	25 Sep	28 Sep	Change
At the money IV	68.8%	58.9%	-10.0 points
Open interest, strikes captured near the price	11,537	11,615	+78
Put/call ratio, open interest	0.34	0.34	-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, 2,026 CAI option contracts traded, 0.8 times its own recent average.

Figure	Value
Calls traded	708
Puts traded	1,318
Against its recent average	0.8 times
Busier than	9 of its last 18 trading days
Open interest, whole chain	14,043 contracts
Volume to open interest	0.14
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 19 trading days of CAI's option positioning, from 1 Sep 2026 to 28 Sep 2026.

Date	Close	Net dollar gamma	Top call strike	Top put strike
1 Sep 2026	24.78	$17,348	25	22.5
21 Sep 2026	30.65	$162,276	30	25
28 Sep 2026	31.75	$299,756	30	30

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 CAI was neutral, paper trading.

Figure	Value
Side	Neutral at 45 trading days, no signal
Level above the close	32.89, the swing high of 23 Sep 2026
Level below the close	31.36, the swing low of 17 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 CAI sat at the 25th percentile of the model's 45 trading day ranking, paper trading.

Timeframe	Percentile	Side
10 trading days	23 of 100	Neutral
20 trading days	38 of 100	Neutral
45 trading days	25 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 CAI'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 CAI had carried no signal for at least 18 trading days, paper trading.

Trading day	Signal	45 day percentile
25 Sep 2026	None	25 of 100
24 Sep 2026	None	37 of 100
23 Sep 2026	None	47 of 100
22 Sep 2026	None	53 of 100
21 Sep 2026	None	35 of 100
18 Sep 2026	None	48 of 100
17 Sep 2026	None	17 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, 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

CAI closed at 31.75 on 28 Sep 2026.

Figure	Value
Last close	31.75
Change over 5 trading days	+3.6%
Change over 21 trading days	+20.4%
Change over 63 trading days	+73.3%
Change over 252 trading days	+6.8%
52 week high	33.66
52 week low	14.19
20 day moving average	27.81
50 day moving average	23.32
200 day moving average	21.15
RSI, 14 days	72

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

CAI reports next on 4 Nov 2026, a date confirmed by the company.

Figure	Value
Next report	4 Nov 2026, after the close
Date	Confirmed by the company
Move after the report of 5 Aug 2026	+21.6%
Move after the report of 7 May 2026	-18.6%
Move after the report of 28 Jan 2026	-4.9%
Move after the report of 28 Oct 2025	-3.1%

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

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Company Events

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

Filed	Report	What it covers
14 Sep 2026	Current report	Regulation FD Disclosure

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

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Questions

What is CAI's IV rank?: CAI's at the money implied volatility is 58.9 percent on 28 Sep 2026.
What move are CAI options pricing?: On 28 Sep 2026, CAI options priced a move of 14.6 percent down and 13.1 percent up by 16 Oct 2026.
Where are CAI's call wall and put wall?: On 28 Sep 2026, CAI's call wall and put wall are both at the 30 strike.
What was the desk's latest view of CAI on the Free plan?: On 25 Sep 2026 the desk's view of CAI was neutral, paper trading.
When does CAI report earnings next?: CAI reports next on 4 Nov 2026, a date confirmed by the company.

More Health Care names

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