Financials

Corpay Inc (CPAY) options and signal

Figures as of 28 Sep 2026

CPAY is Corpay Inc, a Financials 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	53 of 100	28 Sep
At the money IV	28.7%	28 Sep
Priced move to 16 Oct	8.8% down, 6.4% up	28 Sep
Call wall and put wall	430 and 390	28 Sep
Signal and the desk's view	No signal, view neutral	25 Sep
Last close	396.23	28 Sep
Next report	4 Nov 2026	28 Sep

Options Snapshot

CPAY's IV rank is 53 of 100 on 28 Sep 2026.

Figure	Value
IV rank	53 of 100
At the money IV	28.7%, near month, 18 days
Put/call ratio, open interest	0.12
Call open interest, strikes captured near the price	5,130 contracts
Put open interest, strikes captured near the price	592 contracts
Cost to trade at the money	Fair, 34.9% of the option's mid price

IV rank is where the at the money IV sits among CPAY'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, CPAY options priced a move of 8.8 percent down and 6.4 percent up by 16 Oct 2026.

Expiry	Days	Down	Up	Range
16 Oct 2026	18	8.8%	6.4%	361.53 to 421.43
20 Nov 2026	53	13.9%	13.3%	341.03 to 449.03
15 Jan 2027	109	16.6%	16.1%	330.33 to 460.03
19 Feb 2027	144	19.8%	20.0%	317.73 to 475.43

The range is one standard deviation either side of the close of 396.23, 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, CPAY's call wall is the 430 strike and its put wall is the 390 strike.

Figure	Value
Call wall, most open call gamma	430
Put wall, most open put gamma	390
Net dollar gamma, calls minus puts	$3.32 million
Total dollar gamma, both sides	$4.52 million
Close	396.23

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 2 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, CPAY's at the money IV is 28.7 percent against 20 day realized volatility of 18.6 percent.

Figure	Value
At the money IV	28.7%
Realized volatility, 20 trading days	18.6%
Realized volatility, 60 trading days	24.0%
IV against its own weekly record	In the middle
Weekly readings on record	122, from 5 Apr 2024
Weeks the price moved more than the one week priced move	33.1% of 121 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, CPAY's at the money IV runs from 28.7 percent at 18 days to 31.5 percent at 144 days.

Days to expiry	At the money IV
18	28.7%
53	33.8%
109	31.8%
144	31.5%

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.

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Volatility Smile

On 28 Sep 2026, at the 53 day expiry, CPAY's IV ten percent below the price sits 6.0 points above at the money IV.

Strike area	Implied volatility	Against at the money
10% below the price	39.8%	+6.0 points
At the money	33.8%	0.0 points
10% above the price	36.9%	+3.1 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, CPAY's surface spans 4 expiries out to 144 days, with IV from 20.7 to 54.4 percent near the price.

Figure	Value
Expiries captured	4
Nearest expiry	16 Oct 2026, 18 days
Farthest expiry	19 Feb 2027, 144 days
Points within 10% of the price, 7 days out or more	28
Lowest IV among them	20.7%
Highest IV among them	54.4%

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, CPAY has 4 captured expiries, from 16 Oct 2026 to 19 Feb 2027.

Expiry	Days	At the money IV	Call open interest	Put open interest
16 Oct 2026	18	28.7%	25	105
20 Nov 2026	53	33.8%	270	21
15 Jan 2027	109	31.8%	1,999	95
19 Feb 2027	144	31.5%	2,839	371

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, CPAY's largest open interest sits at the 430 strike, with 2,429 contracts across the captured expiries.

Strike	Call open interest	Put open interest	Total
430	2,429	0	2,429
440	1,071	1	1,072
450	562	0	562
390	112	384	496
560	228	0	228
420	148	45	193

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, CPAY's at the money IV moved from 30.7 percent to 28.7 percent.

Figure	25 Sep	28 Sep	Change
At the money IV	30.7%	28.7%	-2.0 points
Open interest, strikes captured near the price	5,638	5,725	+87
Put/call ratio, open interest	0.12	0.12	-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.

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Changed Hands

On 28 Sep 2026, 1,851 CPAY option contracts traded, 1.0 times its own recent average.

Figure	Value
Calls traded	1,717
Puts traded	134
Against its recent average	1.0 times
Busier than	17 of its last 20 trading days
Open interest, whole chain	5,851 contracts
Volume to open interest	0.32
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 CPAY'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	406.16	$606,988	350	380
21 Sep 2026	397.22	$3.28 million	430	390
28 Sep 2026	396.23	$3.32 million	430	390

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 CPAY was neutral, paper trading.

Figure	Value
Side	Neutral at 45 trading days, no signal
Level above the close	403.27, the swing high of 9 Sep 2026
Level below the close	388.19, the swing low of 22 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.

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Rank by Timeframe

On 25 Sep 2026 CPAY sat at the 52nd percentile of the model's 45 trading day ranking, paper trading.

Timeframe	Percentile	Side
10 trading days	62 of 100	Neutral
20 trading days	68 of 100	Neutral
45 trading days	52 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 CPAY'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.

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Signal History

On 25 Sep 2026 CPAY had carried no signal for at least 18 trading days, paper trading.

Trading day	Signal	45 day percentile
25 Sep 2026	None	52 of 100
24 Sep 2026	None	34 of 100
23 Sep 2026	None	54 of 100
22 Sep 2026	None	36 of 100
21 Sep 2026	None	54 of 100
18 Sep 2026	None	42 of 100
17 Sep 2026	None	59 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.

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Sector Split

On 25 Sep 2026, 63 of 135 Financials names were bullish and 32 were bearish, paper trading.

Sector	Names	Bullish	Bearish	Neutral
Financials	135	63	32	40

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

CPAY closed at 396.23 on 28 Sep 2026.

Figure	Value
Last close	396.23
Change over 5 trading days	-0.2%
Change over 21 trading days	-1.8%
Change over 63 trading days	+18.2%
Change over 252 trading days	+35.6%
52 week high	427.46
52 week low	252.84
20 day moving average	404.80
50 day moving average	399.56
200 day moving average	345.18
RSI, 14 days	45

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

CPAY reports next on 4 Nov 2026, a date worked out from past quarters.

Figure	Value
Next report	4 Nov 2026, after the close
Date	Worked out from past quarters
Move after the report of 5 Aug 2026	+0.9%
Move after the report of 7 May 2026	+12.5%
Move after the report of 4 Feb 2026	+11.6%
Move after the report of 5 Nov 2025	+6.2%

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

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Public Filings

1 of the 10 fund managers the desk tracks list CPAY among the top holdings of their latest quarterly report.

Fund manager
Tiger Global

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, 76.5 percent of CPAY's reported volume at the covered venues was marked short.

Figure	Value
Short sale share, 25 Sep	76.5%
Five day average	73.9%
52 week median	70.7%

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 15 Septembers on record, CPAY's average change was minus 2.1 percent, and it rose in 33.3 percent of them.

Month	Average change	Middle change	Share of years up	Years
September	-2.1%	-1.1%	33.3%	15
October	+0.2%	+4.7%	66.7%	15
November	+4.4%	+5.6%	80.0%	15

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 CPAY 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 CPAY's IV rank?: CPAY's IV rank is 53 of 100 on 28 Sep 2026.
What move are CPAY options pricing?: On 28 Sep 2026, CPAY options priced a move of 8.8 percent down and 6.4 percent up by 16 Oct 2026.
Where are CPAY's call wall and put wall?: On 28 Sep 2026, CPAY's call wall is the 430 strike and its put wall is the 390 strike.
What was the desk's latest view of CPAY on the Free plan?: On 25 Sep 2026 the desk's view of CPAY was neutral, paper trading.
When does CPAY report earnings next?: CPAY reports next on 4 Nov 2026, a date worked out from past quarters.

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Guides and the full list

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