Information Technology

CDW Corp (CDW) options and signal

Figures as of 28 Sep 2026

CDW is CDW Corp, 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	92 of 100	28 Sep
At the money IV	49.3%	28 Sep
Priced move to 16 Oct	11.9% down, 11.9% up	28 Sep
Call wall and put wall	160 and 115	28 Sep
Signal and the desk's view	No signal, view neutral	25 Sep
Last close	130.33	28 Sep
Next report	3 Nov 2026	28 Sep

Options Snapshot

CDW's IV rank is 92 of 100 on 28 Sep 2026.

Figure	Value
IV rank	92 of 100
At the money IV	49.3%, near month, 18 days
Put/call ratio, open interest	0.85
Call open interest, strikes captured near the price	9,720 contracts
Put open interest, strikes captured near the price	8,260 contracts
Cost to trade at the money	Wide, 52.3% of the option's mid price

IV rank is where the at the money IV sits among CDW'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, CDW options priced a move of 11.9 percent down and 11.9 percent up by 16 Oct 2026.

Expiry	Days	Down	Up	Range
16 Oct 2026	18	11.9%	11.9%	114.83 to 145.83
20 Nov 2026	53	21.3%	20.5%	102.53 to 157.03
18 Dec 2026	81	25.9%	25.0%	96.63 to 162.93
19 Mar 2027	172	32.9%	35.1%	87.43 to 176.13

The range is one standard deviation either side of the close of 130.33, 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, CDW's call wall is the 160 strike and its put wall is the 115 strike.

Figure	Value
Call wall, most open call gamma	160
Put wall, most open put gamma	115
Net dollar gamma, calls minus puts	$443,956
Total dollar gamma, both sides	$3.14 million
Close	130.33

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 3 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, CDW's at the money IV is 49.3 percent against 20 day realized volatility of 46.4 percent.

Figure	Value
At the money IV	49.3%
Realized volatility, 20 trading days	46.4%
Realized volatility, 60 trading days	49.5%
IV against its own weekly record	High, in the top fifth
Weekly readings on record	656, from 12 Jul 2013
Weeks the price moved more than the one week priced move	30.2% 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, CDW's at the money IV runs from 49.3 percent at 18 days to 47.6 percent at 172 days.

Days to expiry	At the money IV
18	49.3%
53	54.4%
81	53.5%
172	47.6%

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 Surface

On 28 Sep 2026, CDW's surface spans 4 expiries out to 172 days, with IV from 47.4 to 79.1 percent near the price.

Figure	Value
Expiries captured	4
Nearest expiry	16 Oct 2026, 18 days
Farthest expiry	19 Mar 2027, 172 days
Points within 10% of the price, 7 days out or more	19
Lowest IV among them	47.4%
Highest IV among them	79.1%

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, CDW has 4 captured expiries, from 16 Oct 2026 to 19 Mar 2027.

Expiry	Days	At the money IV	Call open interest	Put open interest
16 Oct 2026	18	49.3%	3,508	1,829
20 Nov 2026	53	54.4%	628	122
18 Dec 2026	81	53.5%	4,920	4,992
19 Mar 2027	172	47.6%	659	1,316

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, CDW's largest open interest sits at the 115 strike, with 2,954 contracts across the captured expiries.

Strike	Call open interest	Put open interest	Total
115	57	2,897	2,954
160	2,768	22	2,790
145	1,377	150	1,527
140	416	1,102	1,518
155	1,257	114	1,371
150	1,209	81	1,290

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, CDW's at the money IV moved from 49.0 percent to 49.3 percent.

Figure	25 Sep	28 Sep	Change
At the money IV	49.0%	49.3%	+0.2 points
Open interest, strikes captured near the price	16,918	17,974	+1,056
Put/call ratio, open interest	0.77	0.85	+0.08

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, 1,886 CDW option contracts traded, 0.8 times its own recent average.

Figure	Value
Calls traded	321
Puts traded	1,565
Against its recent average	0.8 times
Busier than	11 of its last 20 trading days
Open interest, whole chain	18,071 contracts
Volume to open interest	0.10
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 CDW'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	135.37	$1.51 million	145	130
21 Sep 2026	146.41	$1.5 million	160	140
28 Sep 2026	130.33	$443,956	160	115

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 CDW was neutral, paper trading.

Figure	Value
Side	Neutral at 45 trading days, no signal
Level above the close	140.91, the swing high of 9 Sep 2026
Level below the close	113.00, the swing low of 5 Aug 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 CDW sat at the 54th percentile of the model's 45 trading day ranking, paper trading.

Timeframe	Percentile	Side
10 trading days	82 of 100	Bullish
20 trading days	66 of 100	Neutral
45 trading days	54 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 CDW's near timeframes were bullish and its long timeframe was neutral, paper trading.

Group	Timeframes	Side	On that side
Near	10 day, 20 day	Bullish	1 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 CDW had carried no signal for at least 18 trading days, paper trading.

Trading day	Signal	45 day percentile
25 Sep 2026	None	54 of 100
24 Sep 2026	None	24 of 100
23 Sep 2026	None	35 of 100
22 Sep 2026	None	42 of 100
21 Sep 2026	None	15 of 100
18 Sep 2026	None	25 of 100
17 Sep 2026	None	21 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, 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.

Open Sector Split in RingMaster The Sector Split guide

Price Chart

CDW closed at 130.33 on 28 Sep 2026.

Figure	Value
Last close	130.33
Change over 5 trading days	-11.0%
Change over 21 trading days	-12.5%
Change over 63 trading days	-6.8%
Change over 252 trading days	-17.0%
52 week high	167.00
52 week low	97.12
20 day moving average	146.80
50 day moving average	142.27
200 day moving average	131.94
RSI, 14 days	35

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

CDW reports next on 3 Nov 2026, a date worked out from past quarters.

Figure	Value
Next report	3 Nov 2026, before the open
Date	Worked out from past quarters
Move after the report of 5 Aug 2026	-9.0%
Move after the report of 6 May 2026	-20.3%
Move after the report of 4 Feb 2026	+9.4%
Move after the report of 4 Nov 2025	-8.5%

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

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Company Events

CDW 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
15 Sep 2026	Current report	Entry into a Material Definitive Agreement

Filings 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 CDW shares.

Filed	Who	Trade	Size
10 Sep 2026	. Gilbert Cisneros, member of Congress	Bought	$1,001 to $15,000

Tracked fund managers listing CDW among their top holdings: Duquesne Family Office.

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, 49.0 percent of CDW's reported volume at the covered venues was marked short.

Figure	Value
Short sale share, 25 Sep	49.0%
Five day average	60.3%
52 week median	53.5%
Short interest, share of shares outstanding	7.6% at the 15 Sep 2026 settlement
Days to cover	6.2

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 13 Septembers on record, CDW's average change was minus 0.3 percent, and it rose in 61.5 percent of them.

Month	Average change	Middle change	Share of years up	Years
September	-0.3%	+1.6%	61.5%	13
October	+1.0%	+1.2%	61.5%	13
November	+3.1%	+3.0%	76.9%	13

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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Questions

What is CDW's IV rank?: CDW's IV rank is 92 of 100 on 28 Sep 2026.
What move are CDW options pricing?: On 28 Sep 2026, CDW options priced a move of 11.9 percent down and 11.9 percent up by 16 Oct 2026.
Where are CDW's call wall and put wall?: On 28 Sep 2026, CDW's call wall is the 160 strike and its put wall is the 115 strike.
What was the desk's latest view of CDW on the Free plan?: On 25 Sep 2026 the desk's view of CDW was neutral, paper trading.
When does CDW report earnings next?: CDW reports next on 3 Nov 2026, a date worked out from past quarters.

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