Information Technology

Dropbox, Inc. (DBX) options and signal

Figures as of 28 Sep 2026

DBX is Dropbox, Inc., 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	56.8%	28 Sep
Priced move to 30 Oct	16.8% down, 16.8% up	28 Sep
Call wall and put wall	35 and 30	28 Sep
Signal and the desk's view	No signal, view neutral	25 Sep
Last close	31.92	28 Sep
Next report	5 Nov 2026	28 Sep

Options Snapshot

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

Figure	Value
IV rank	92 of 100
At the money IV	56.8%, near month, 32 days
Put/call ratio, open interest	0.55
Call open interest, strikes captured near the price	14,500 contracts
Put open interest, strikes captured near the price	8,040 contracts
Cost to trade at the money	Wide, 102.6% of the option's mid price

IV rank is where the at the money IV sits among DBX'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, DBX options priced a move of 16.8 percent down and 16.8 percent up by 30 Oct 2026.

Expiry	Days	Down	Up	Range
2 Oct 2026	4	7.8%	6.0%	29.44 to 33.83
9 Oct 2026	11	11.2%	9.5%	28.33 to 34.94
16 Oct 2026	18	9.7%	11.2%	28.83 to 35.51
23 Oct 2026	25	15.6%	15.6%	26.94 to 36.90
30 Oct 2026	32	16.8%	16.8%	26.55 to 37.29
20 Nov 2026	53	18.4%	21.7%	26.06 to 38.84
16 Apr 2027	200	37.3%	40.4%	20.02 to 44.82

The range is one standard deviation either side of the close of 31.92, 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, DBX's call wall is the 35 strike and its put wall is the 30 strike.

Figure	Value
Call wall, most open call gamma	35
Put wall, most open put gamma	30
Net dollar gamma, calls minus puts	$115,660
Total dollar gamma, both sides	$1.21 million
Close	31.92

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, DBX's at the money IV is 56.8 percent against 20 day realized volatility of 42.5 percent.

Figure	Value
At the money IV	56.8%
Realized volatility, 20 trading days	42.5%
Realized volatility, 60 trading days	39.8%
IV against its own weekly record	High, in the top fifth
Weekly readings on record	420, from 30 Mar 2018
Weeks the price moved more than the one week priced move	21.6% of 236 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, DBX's at the money IV runs from 74.2 percent at 4 days to 45.8 percent at 200 days.

Days to expiry	At the money IV
4	74.2%
11	64.8%
18	53.8%
25	59.6%
32	56.8%
53	55.8%
109	53.6%
200	45.8%

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.

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Volatility Surface

On 28 Sep 2026, DBX's surface spans 8 expiries out to 200 days, with IV from 39.0 to 90.3 percent near the price.

Figure	Value
Expiries captured	8
Nearest expiry	2 Oct 2026, 4 days
Farthest expiry	16 Apr 2027, 200 days
Points within 10% of the price, 7 days out or more	41
Lowest IV among them	39.0%
Highest IV among them	90.3%

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, DBX has 8 captured expiries, from 2 Oct 2026 to 16 Apr 2027.

Expiry	Days	At the money IV	Call open interest	Put open interest
2 Oct 2026	4	74.2%	1,327	280
9 Oct 2026	11	64.8%	128	258
16 Oct 2026	18	53.8%	5,868	4,902
23 Oct 2026	25	59.6%	193	15
30 Oct 2026	32	56.8%	74	25
20 Nov 2026	53	55.8%	72	47
15 Jan 2027	109	53.6%	6,480	2,347
16 Apr 2027	200	45.8%	387	167

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, DBX's largest open interest sits at the 35 strike, with 3,270 contracts across the captured expiries.

Strike	Call open interest	Put open interest	Total
35	2,252	1,018	3,270
30	1,488	1,286	2,774
40	2,645	45	2,690
32	1,183	1,390	2,573
39	1,417	1	1,418
38	1,084	146	1,230

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, DBX's at the money IV moved from 64.4 percent to 56.8 percent.

Figure	25 Sep	28 Sep	Change
At the money IV	64.4%	56.8%	-7.6 points
Open interest, strikes captured near the price	22,289	22,570	+281
Put/call ratio, open interest	0.55	0.55	+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, 2,247 DBX option contracts traded, 1.0 times its own recent average.

Figure	Value
Calls traded	1,494
Puts traded	753
Against its recent average	1.0 times
Busier than	5 of its last 20 trading days
Open interest, whole chain	23,575 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 DBX'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	34.08	$697,923	35	30
21 Sep 2026	36.01	$452,769	40	35
28 Sep 2026	31.92	$115,660	35	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 DBX was neutral, paper trading.

Figure	Value
Side	Neutral at 45 trading days, no signal
Level above the close	33.49, the swing high of 8 Sep 2026
Level below the close	27.09, the swing low of 30 Jun 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 DBX sat at the 23rd percentile of the model's 45 trading day ranking, paper trading.

Timeframe	Percentile	Side
10 trading days	65 of 100	Neutral
20 trading days	46 of 100	Neutral
45 trading days	23 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 DBX'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 DBX had carried no signal for at least 18 trading days, paper trading.

Trading day	Signal	45 day percentile
25 Sep 2026	None	23 of 100
24 Sep 2026	None	40 of 100
23 Sep 2026	None	46 of 100
22 Sep 2026	None	83 of 100
21 Sep 2026	None	37 of 100
18 Sep 2026	None	69 of 100
17 Sep 2026	None	44 of 100
16 Sep 2026	None	72 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

DBX closed at 31.92 on 28 Sep 2026.

Figure	Value
Last close	31.92
Change over 5 trading days	-11.4%
Change over 21 trading days	-11.0%
Change over 63 trading days	+16.5%
Change over 252 trading days	+2.2%
52 week high	38.17
52 week low	21.70
20 day moving average	35.06
50 day moving average	33.97
200 day moving average	28.08
RSI, 14 days	36

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

DBX reports next on 5 Nov 2026, a date worked out from past quarters.

Figure	Value
Next report	5 Nov 2026, after the close
Date	Worked out from past quarters
Move after the report of 6 Aug 2026	+0.8%
Move after the report of 19 Feb 2026	+3.0%
Move after the report of 28 Dec 2025	-0.1%
Move after the report of 27 Sep 2025	-2.5%

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

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Seasonality

In the 8 Septembers on record, DBX's average change was minus 0.5 percent, and it rose in 37.5 percent of them.

Month	Average change	Middle change	Share of years up	Years
September	-0.5%	-1.0%	37.5%	8
October	-2.0%	-2.6%	37.5%	8
November	+1.1%	+5.0%	62.5%	8

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 DBX 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 DBX's IV rank?: DBX's IV rank is 92 of 100 on 28 Sep 2026.
What move are DBX options pricing?: On 28 Sep 2026, DBX options priced a move of 16.8 percent down and 16.8 percent up by 30 Oct 2026.
Where are DBX's call wall and put wall?: On 28 Sep 2026, DBX's call wall is the 35 strike and its put wall is the 30 strike.
What was the desk's latest view of DBX on the Free plan?: On 25 Sep 2026 the desk's view of DBX was neutral, paper trading.
When does DBX report earnings next?: DBX reports next on 5 Nov 2026, a date worked out from past quarters.

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