Energy

DT Midstream, Inc. (DTM) options and signal

Figures as of 28 Sep 2026

DTM is DT Midstream, Inc., 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	83 of 100	28 Sep
At the money IV	44.1%	28 Sep
Priced move to 16 Oct	9.8% down, 11.6% up	28 Sep
Call wall and put wall	140 and 135	28 Sep
Signal and the desk's view	No signal, view bullish	25 Sep
Last close	121.97	28 Sep
Next report	29 Oct 2026	28 Sep

Options Snapshot

DTM's IV rank is 83 of 100 on 28 Sep 2026.

Figure	Value
IV rank	83 of 100
At the money IV	44.1%, near month, 18 days
Put/call ratio, open interest	0.06
Call open interest, strikes captured near the price	1,710 contracts
Put open interest, strikes captured near the price	100 contracts
Cost to trade at the money	Wide, 70.4% of the option's mid price

IV rank is where the at the money IV sits among DTM'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, DTM options priced a move of 9.8 percent down and 11.6 percent up by 16 Oct 2026.

Expiry	Days	Down	Up	Range
16 Oct 2026	18	9.8%	11.6%	110.07 to 136.07
20 Nov 2026	53	16.6%	16.4%	101.77 to 141.97
18 Dec 2026	81	16.6%	16.6%	101.67 to 142.27
19 Mar 2027	172	20.0%	20.0%	97.57 to 146.37

The range is one standard deviation either side of the close of 121.97, 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, DTM's call wall is the 140 strike and its put wall is the 135 strike.

Figure	Value
Call wall, most open call gamma	140
Put wall, most open put gamma	135
Flip strike, where net gamma changes sign	120.14
Net dollar gamma, calls minus puts	$248,372
Total dollar gamma, both sides	$295,206
Close	121.97

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.

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, DTM's at the money IV is 44.1 percent against 20 day realized volatility of 14.0 percent.

Figure	Value
At the money IV	44.1%
Realized volatility, 20 trading days	14.0%
Realized volatility, 60 trading days	21.8%
IV against its own weekly record	High, in the top fifth
Weekly readings on record	215, from 13 Aug 2021
Weeks the price moved more than the one week priced move	18.8% of 207 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, DTM's at the money IV runs from 44.1 percent at 18 days to 29.1 percent at 172 days.

Days to expiry	At the money IV
18	44.1%
53	36.3%
81	34.0%
172	29.1%

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 Smile

On 28 Sep 2026, at the 53 day expiry, DTM's IV ten percent below the price sits 17.9 points above at the money IV.

Strike area	Implied volatility	Against at the money
10% below the price	54.2%	+17.9 points
At the money	36.3%	0.0 points
10% above the price	27.1%	-9.2 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, DTM's surface spans 4 expiries out to 172 days, with IV from 25.4 to 54.2 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	14
Lowest IV among them	25.4%
Highest IV among them	54.2%

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, DTM 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	44.1%	1,346	9
20 Nov 2026	53	36.3%	160	23
18 Dec 2026	81	34.0%	182	40
19 Mar 2027	172	29.1%	24	28

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, DTM's largest open interest sits at the 140 strike, with 1,466 contracts across the captured expiries.

Strike	Call open interest	Put open interest	Total
140	1,466	0	1,466
135	65	37	102
125	51	9	60
150	45	0	45
130	20	0	20
155	18	0	18

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, DTM's at the money IV moved from 50.9 percent to 44.1 percent.

Figure	25 Sep	28 Sep	Change
At the money IV	50.9%	44.1%	-6.9 points
Open interest, strikes captured near the price	1,798	1,812	+14
Put/call ratio, open interest	0.06	0.06	-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, 135 DTM option contracts traded, 0.9 times its own recent average.

Figure	Value
Calls traded	100
Puts traded	35
Against its recent average	0.9 times
Busier than	2 of its last 20 trading days
Open interest, whole chain	1,840 contracts
Volume to open interest	0.07
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 DTM'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	134.78	$549,934	150	135
21 Sep 2026	125.05	$385,559	140	135
28 Sep 2026	121.97	$248,372	140	135

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 DTM was bullish, paper trading.

Figure	Value
Side	Bullish at 45 trading days, no signal
Level above the close	123.96, the swing high of 22 Sep 2026
Level below the close	121.41, the swing low of 28 Sep 2026, a close past it runs against the view
The chart	Sits against the view
Strategy family	Cash-secured put (sell a put below 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.

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Rank by Timeframe

On 25 Sep 2026 DTM sat at the 97th percentile of the model's 45 trading day ranking, paper trading.

Timeframe	Percentile	Side
10 trading days	85 of 100	Bullish
20 trading days	48 of 100	Neutral
45 trading days	97 of 100	Bullish

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, 2 of 3 timeframes put DTM on the bullish side, paper trading.

Group	Timeframes	Side	On that side
Near	10 day, 20 day	Bullish	1 of 2
Long	45 day	Bullish	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 DTM had carried no signal for 8 trading days, paper trading.

Trading day	Signal	45 day percentile
25 Sep 2026	None	97 of 100
24 Sep 2026	None	52 of 100
23 Sep 2026	None	78 of 100
22 Sep 2026	None	83 of 100
21 Sep 2026	None	89 of 100
18 Sep 2026	None	86 of 100
17 Sep 2026	None	96 of 100
16 Sep 2026	None	94 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, 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

DTM closed at 121.97 on 28 Sep 2026.

Figure	Value
Last close	121.97
Change over 5 trading days	-2.5%
Change over 21 trading days	-7.4%
Change over 63 trading days	-17.5%
Change over 252 trading days	+9.7%
52 week high	152.88
52 week low	104.99
20 day moving average	127.07
50 day moving average	132.05
200 day moving average	134.36
RSI, 14 days	31

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

DTM reports next on 29 Oct 2026, a date confirmed by the company.

Figure	Value
Next report	29 Oct 2026, before the open
Date	Confirmed by the company
Move after the report of 30 Jul 2026	+0.6%
Move after the report of 30 Apr 2026	-0.4%
Move after the report of 28 Jan 2026	+0.9%
Move after the report of 28 Oct 2025	-0.0%

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

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Seasonality

In the 5 Septembers on record, DTM's average change was plus 0.7 percent, and it rose in 60.0 percent of them.

Month	Average change	Middle change	Share of years up	Years
September	+0.7%	+0.1%	60.0%	5
October	+6.4%	+3.7%	80.0%	5
November	+6.3%	+6.2%	80.0%	5

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 DTM's IV rank?: DTM's IV rank is 83 of 100 on 28 Sep 2026.
What move are DTM options pricing?: On 28 Sep 2026, DTM options priced a move of 9.8 percent down and 11.6 percent up by 16 Oct 2026.
Where are DTM's call wall and put wall?: On 28 Sep 2026, DTM's call wall is the 140 strike and its put wall is the 135 strike.
What was the desk's latest view of DTM on the Free plan?: On 25 Sep 2026 the desk's view of DTM was bullish, paper trading.
When does DTM report earnings next?: DTM reports next on 29 Oct 2026, a date confirmed by the company.

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