Health Care

Cencora Inc (COR) options and signal

Figures as of 28 Sep 2026

COR is Cencora 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
IV rank	71 of 100	28 Sep
At the money IV	30.2%	28 Sep
Priced move to 16 Oct	7.0% down, 7.6% up	28 Sep
Call wall and put wall	Both 310	28 Sep
Signal and the desk's view	No signal, view bearish	25 Sep
Last close	303.81	28 Sep
Next report	4 Nov 2026	28 Sep

Options Snapshot

COR's IV rank is 71 of 100 on 28 Sep 2026.

Figure	Value
IV rank	71 of 100
At the money IV	30.2%, near month, 18 days
Put/call ratio, open interest	0.52
Call open interest, strikes captured near the price	6,710 contracts
Put open interest, strikes captured near the price	3,520 contracts
Cost to trade at the money	Fair, 38.6% of the option's mid price

IV rank is where the at the money IV sits among COR'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, COR options priced a move of 7.0 percent down and 7.6 percent up by 16 Oct 2026.

Expiry	Days	Down	Up	Range
16 Oct 2026	18	7.0%	7.6%	282.61 to 326.91
20 Nov 2026	53	13.1%	13.6%	264.01 to 345.21
18 Dec 2026	81	16.0%	15.9%	255.31 to 352.01
15 Jan 2027	109	16.9%	17.6%	252.41 to 357.21
19 Feb 2027	144	22.3%	31.7%	236.21 to 400.01
19 Mar 2027	172	20.9%	26.6%	240.21 to 384.51

The range is one standard deviation either side of the close of 303.81, 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, COR's call wall and put wall are both at the 310 strike.

Figure	Value
Call wall, most open call gamma	310
Put wall, most open put gamma	310
Net dollar gamma, calls minus puts	$749,537
Total dollar gamma, both sides	$6.16 million
Close	303.81

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.

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Volatility History

On 28 Sep 2026, COR's at the money IV is 30.2 percent against 20 day realized volatility of 22.2 percent.

Figure	Value
At the money IV	30.2%
Realized volatility, 20 trading days	22.2%
Realized volatility, 60 trading days	27.2%
IV against its own weekly record	In the middle
Weekly readings on record	660, from 22 Jul 2011
Weeks the price moved more than the one week priced move	26.8% of 164 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, COR's at the money IV runs from 30.2 percent at 18 days to 38.7 percent at 172 days.

Days to expiry	At the money IV
18	30.2%
53	34.7%
81	33.0%
109	31.7%
144	35.4%
172	38.7%

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.

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Volatility Smile

On 28 Sep 2026, at the 53 day expiry, COR's IV ten percent below the price sits 6.2 points above at the money IV.

Strike area	Implied volatility	Against at the money
10% below the price	40.9%	+6.2 points
At the money	34.7%	0.0 points
10% above the price	35.2%	+0.5 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, COR's surface spans 6 expiries out to 172 days, with IV from 28.3 to 67.4 percent near the price.

Figure	Value
Expiries captured	6
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	31
Lowest IV among them	28.3%
Highest IV among them	67.4%

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, COR has 6 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	30.2%	997	158
20 Nov 2026	53	34.7%	1,780	589
18 Dec 2026	81	33.0%	870	2,015
15 Jan 2027	109	31.7%	2,511	586
19 Feb 2027	144	35.4%	241	19
19 Mar 2027	172	38.7%	309	158

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, COR's largest open interest sits at the 310 strike, with 2,646 contracts across the captured expiries.

Strike	Call open interest	Put open interest	Total
310	733	1,913	2,646
350	919	14	933
380	930	2	932
330	723	72	795
320	516	195	711
390	709	0	709

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, COR's at the money IV moved from 27.5 percent to 30.2 percent.

Figure	25 Sep	28 Sep	Change
At the money IV	27.5%	30.2%	+2.8 points
Open interest, strikes captured near the price	9,957	10,233	+276
Put/call ratio, open interest	0.51	0.53	+0.01

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, 1,796 COR option contracts traded, 1.1 times its own recent average.

Figure	Value
Calls traded	905
Puts traded	891
Against its recent average	1.1 times
Busier than	15 of its last 20 trading days
Open interest, whole chain	10,538 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.

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Positioning Replay

The replay holds 33 trading days of COR'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	333.87	$6.49 million	330	310
21 Sep 2026	316.49	$453,202	310	310
28 Sep 2026	303.81	$749,537	310	310

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 COR was bearish, paper trading.

Figure	Value
Side	Bearish at 45 trading days, no signal
Level above the close	304.45, the swing high of 18 Sep 2026, a close past it runs against the view
Level below the close	278.51, the swing low of 30 Jun 2026
The chart	Sits with the view
Strategy family	Bear call spread (sell a call spread above the price)
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 COR sat at the 5th percentile of the model's 45 trading day ranking, paper trading.

Timeframe	Percentile	Side
10 trading days	12 of 100	Bearish
20 trading days	12 of 100	Bearish
45 trading days	5 of 100	Bearish

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, 3 of 3 timeframes put COR on the bearish side, paper trading.

Group	Timeframes	Side	On that side
Near	10 day, 20 day	Bearish	2 of 2
Long	45 day	Bearish	1 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 COR had carried no signal for at least 18 trading days, paper trading.

Trading day	Signal	45 day percentile
25 Sep 2026	None	5 of 100
24 Sep 2026	None	4 of 100
23 Sep 2026	None	10 of 100
22 Sep 2026	None	20 of 100
21 Sep 2026	None	19 of 100
18 Sep 2026	None	15 of 100
17 Sep 2026	None	17 of 100
16 Sep 2026	None	16 of 100

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

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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.

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Price Chart

COR closed at 303.81 on 28 Sep 2026.

Figure	Value
Last close	303.81
Change over 5 trading days	-4.0%
Change over 21 trading days	-5.4%
Change over 63 trading days	+7.9%
Change over 252 trading days	+1.7%
52 week high	377.54
52 week low	244.82
20 day moving average	319.98
50 day moving average	317.41
200 day moving average	318.96
RSI, 14 days	37

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

COR reports next on 4 Nov 2026, and options priced an earnings move of 10.0 percent through 20 Nov 2026.

Figure	Value
Next report	4 Nov 2026, before the open
Date	Confirmed by the company
Priced earnings move	10.0%, a straddle of $30.35 at the 300 strike, expiring 20 Nov 2026
Move after the report of 5 Aug 2026	+3.6%
Move after the report of 6 May 2026	-17.4%
Move after the report of 4 Feb 2026	-8.8%
Move after the report of 5 Nov 2025	+2.8%

The priced earnings move is the straddle's cost over the share price. It restates option prices and says nothing certain about the report.

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

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Company Events

COR filed 1 current report in the 14 days to 28 Sep 2026, the latest on 25 Sep 2026.

Filed	Report	What it covers
25 Sep 2026	Current report	Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers; Regulation FD Disclosure

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

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Short Volume

On 25 Sep 2026, 49.6 percent of COR's reported volume at the covered venues was marked short.

Figure	Value
Short sale share, 25 Sep	49.6%
Five day average	40.4%
52 week median	49.8%

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 31 Septembers on record, COR's average change was plus 3.0 percent, and it rose in 54.8 percent of them.

Month	Average change	Middle change	Share of years up	Years
September	+3.0%	+0.5%	54.8%	31
October	-0.6%	+1.6%	58.1%	31
November	+3.4%	+6.6%	71.0%	31

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 1 headline naming COR in the 3 days to 28 Sep 2026.

Figure	Value
Headlines in the window	1
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 COR's IV rank?: COR's IV rank is 71 of 100 on 28 Sep 2026.
What move are COR options pricing?: On 28 Sep 2026, COR options priced a move of 7.0 percent down and 7.6 percent up by 16 Oct 2026.
Where are COR's call wall and put wall?: On 28 Sep 2026, COR's call wall and put wall are both at the 310 strike.
What was the desk's latest view of COR on the Free plan?: On 25 Sep 2026 the desk's view of COR was bearish, paper trading.
When does COR report earnings next?: COR reports next on 4 Nov 2026, and options priced an earnings move of 10.0 percent through 20 Nov 2026.

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