Energy

Crescent Energy Company (CRGY) options and signal

Figures as of 28 Sep 2026

CRGY is Crescent Energy Company, 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	4 of 100	28 Sep
At the money IV	50.8%	28 Sep
Priced move to 16 Oct	10.6% down, 12.6% up	28 Sep
Call wall and put wall	15 and 12.5	28 Sep
Signal and the desk's view	No signal, view neutral	25 Sep
Last close	12.98	28 Sep
Next report	2 Nov 2026	28 Sep

Options Snapshot

CRGY's IV rank is 4 of 100 on 28 Sep 2026.

Figure	Value
IV rank	4 of 100
At the money IV	50.8%, near month, 18 days
Put/call ratio, open interest	0.36
Call open interest, strikes captured near the price	49,700 contracts
Put open interest, strikes captured near the price	17,700 contracts
Cost to trade at the money	Wide, 65.7% of the option's mid price

IV rank is where the at the money IV sits among CRGY'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, CRGY options priced a move of 10.6 percent down and 12.6 percent up by 16 Oct 2026.

Expiry	Days	Down	Up	Range
16 Oct 2026	18	10.6%	12.6%	11.60 to 14.61
20 Nov 2026	53	20.3%	19.0%	10.35 to 15.45
18 Dec 2026	81	24.0%	29.8%	9.86 to 16.85
15 Jan 2027	109	28.0%	27.0%	9.34 to 16.48
16 Apr 2027	200	37.3%	38.7%	8.14 to 18.00

The range is one standard deviation either side of the close of 12.98, 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, CRGY's call wall is the 15 strike and its put wall is the 12.5 strike.

Figure	Value
Call wall, most open call gamma	15
Put wall, most open put gamma	12.5
Net dollar gamma, calls minus puts	$486,307
Total dollar gamma, both sides	$1.12 million
Close	12.98

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 4 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, CRGY's at the money IV is 50.8 percent against 20 day realized volatility of 43.5 percent.

Figure	Value
At the money IV	50.8%
Realized volatility, 20 trading days	43.5%
Realized volatility, 60 trading days	44.5%
IV against its own weekly record	Low, in the bottom fifth
Weekly readings on record	190, from 7 Jan 2022
Weeks the price moved more than the one week priced move	6.9% of 189 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, CRGY's at the money IV runs from 50.8 percent at 18 days to 51.6 percent at 200 days.

Days to expiry	At the money IV
18	50.8%
53	52.7%
81	54.9%
109	50.7%
200	51.6%

Near and far expiries price about the same volatility, a flat 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, CRGY's IV ten percent below the price sits 2.3 points above at the money IV.

Strike area	Implied volatility	Against at the money
10% below the price	55.1%	+2.3 points
At the money	52.7%	0.0 points
10% above the price	53.3%	+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, CRGY's surface spans 5 expiries out to 200 days, with IV from 50.0 to 59.8 percent near the price.

Figure	Value
Expiries captured	5
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	50.0%
Highest IV among them	59.8%

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, CRGY has 5 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	50.8%	14,178	7,657
20 Nov 2026	53	52.7%	1,411	489
18 Dec 2026	81	54.9%	19,213	4,685
15 Jan 2027	109	50.7%	13,249	2,147
16 Apr 2027	200	51.6%	1,639	2,707

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, CRGY's largest open interest sits at the 15 strike, with 13,936 contracts across the captured expiries.

Strike	Call open interest	Put open interest	Total
15	13,145	791	13,936
12.5	8,810	3,995	12,805
10	4,141	8,443	12,584
16	8,366	154	8,520
17.5	5,260	1	5,261
20	4,164	3	4,167

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, CRGY's at the money IV moved from 53.1 percent to 50.8 percent.

Figure	25 Sep	28 Sep	Change
At the money IV	53.1%	50.8%	-2.3 points
Open interest, strikes captured near the price	68,448	67,375	-1,073
Put/call ratio, open interest	0.35	0.36	+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, 3,172 CRGY option contracts traded, 0.9 times its own recent average.

Figure	Value
Calls traded	2,106
Puts traded	1,066
Against its recent average	0.9 times
Open interest, whole chain	70,241 contracts
Volume to open interest	0.05
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 5 trading days of CRGY's option positioning, from 22 Sep 2026 to 28 Sep 2026.

Date	Close	Net dollar gamma	Top call strike	Top put strike
22 Sep 2026	13.01	$320,112	15	12.5
28 Sep 2026	12.98	$486,307	15	12.5

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 CRGY was neutral, paper trading.

Figure	Value
Side	Neutral at 45 trading days, no signal
Level above the close	13.59, the swing high of 4 Sep 2026
Level below the close	12.95, the swing low of 22 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.

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Rank by Timeframe

On 25 Sep 2026 CRGY sat at the 58th percentile of the model's 45 trading day ranking, paper trading.

Timeframe	Percentile	Side
10 trading days	41 of 100	Neutral
20 trading days	14 of 100	Bearish
45 trading days	58 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 CRGY's near timeframes were bearish and its long timeframe was neutral, paper trading.

Group	Timeframes	Side	On that side
Near	10 day, 20 day	Bearish	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.

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Signal History

On 25 Sep 2026 CRGY had carried no signal for at least 5 trading days, paper trading.

Trading day	Signal	45 day percentile
25 Sep 2026	None	58 of 100
24 Sep 2026	None	17 of 100
23 Sep 2026	None	32 of 100
22 Sep 2026	None	40 of 100
21 Sep 2026	None	5 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, 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

CRGY closed at 12.98 on 28 Sep 2026.

Figure	Value
Last close	12.98
Change over 5 trading days	-2.1%
Change over 21 trading days	-4.9%
Change over 63 trading days	+29.8%
Change over 252 trading days	+37.2%
52 week high	15.47
52 week low	7.68
20 day moving average	13.93
50 day moving average	12.82
200 day moving average	11.42
RSI, 14 days	44

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

CRGY reports next on 2 Nov 2026, a date confirmed by the company.

Figure	Value
Next report	2 Nov 2026, after the close
Date	Confirmed by the company
Move after the report of 3 Aug 2026	-1.3%
Move after the report of 4 May 2026	+1.5%
Move after the report of 25 Feb 2026	+5.0%
Move after the report of 3 Nov 2025	-5.7%

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

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Seasonality

In the 4 Septembers on record, CRGY's average change was minus 10.8 percent, and it rose in 0.0 percent of them.

Month	Average change	Middle change	Share of years up	Years
September	-10.8%	-7.7%	0.0%	4
October	+1.7%	-0.7%	50.0%	4
November	+6.8%	+6.9%	75.0%	4

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 3 headlines naming CRGY in the 3 days to 28 Sep 2026.

Figure	Value
Headlines in the window	3
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 CRGY's IV rank?: CRGY's IV rank is 4 of 100 on 28 Sep 2026.
What move are CRGY options pricing?: On 28 Sep 2026, CRGY options priced a move of 10.6 percent down and 12.6 percent up by 16 Oct 2026.
Where are CRGY's call wall and put wall?: On 28 Sep 2026, CRGY's call wall is the 15 strike and its put wall is the 12.5 strike.
What was the desk's latest view of CRGY on the Free plan?: On 25 Sep 2026 the desk's view of CRGY was neutral, paper trading.
When does CRGY report earnings next?: CRGY reports next on 2 Nov 2026, a date confirmed by the company.

More Energy names

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