Health Care

Encompass Health Corporation (EHC) options and signal

Figures as of 28 Sep 2026

EHC is Encompass Health Corporation, 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	73 of 100	28 Sep
At the money IV	33.7%	28 Sep
Priced move to 16 Oct	12.3% down, 5.7% up	28 Sep
Call wall and put wall	130 and 120	28 Sep
Signal and the desk's view	No signal, view neutral	25 Sep
Last close	124.02	28 Sep
Next report	28 Oct 2026	28 Sep

Options Snapshot

EHC's IV rank is 73 of 100 on 28 Sep 2026.

Figure	Value
IV rank	73 of 100
At the money IV	33.7%, near month, 18 days
Put/call ratio, open interest	0.14
Call open interest, strikes captured near the price	2,050 contracts
Put open interest, strikes captured near the price	281 contracts
Cost to trade at the money	Wide, 88.6% of the option's mid price

IV rank is where the at the money IV sits among EHC'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, EHC options priced a move of 12.3 percent down and 5.7 percent up by 16 Oct 2026.

Expiry	Days	Down	Up	Range
16 Oct 2026	18	12.3%	5.7%	108.82 to 131.13
20 Nov 2026	53	13.9%	12.8%	106.82 to 139.92
18 Dec 2026	81	40.6%	18.1%	73.72 to 146.42
15 Jan 2027	109	16.0%	18.5%	104.12 to 146.92
16 Apr 2027	200	27.7%	26.6%	89.72 to 157.02

The range is one standard deviation either side of the close of 124.02, 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, EHC's call wall is the 130 strike and its put wall is the 120 strike.

Figure	Value
Call wall, most open call gamma	130
Put wall, most open put gamma	120
Flip strike, where net gamma changes sign	121.14
Net dollar gamma, calls minus puts	$824,240
Total dollar gamma, both sides	$1.03 million
Close	124.02

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, EHC's at the money IV is 33.7 percent against 20 day realized volatility of 13.9 percent.

Figure	Value
At the money IV	33.7%
Realized volatility, 20 trading days	13.9%
Realized volatility, 60 trading days	29.4%
IV against its own weekly record	In the middle
Weekly readings on record	418, from 5 Jan 2018
Weeks the price moved more than the one week priced move	19.0% of 226 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, EHC's at the money IV runs from 33.7 percent at 18 days to 37.4 percent at 200 days.

Days to expiry	At the money IV
18	33.7%
53	34.8%
81	37.4%
109	31.6%
200	37.4%

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, EHC's IV ten percent below the price sits 1.6 points above at the money IV.

Strike area	Implied volatility	Against at the money
10% below the price	36.4%	+1.6 points
At the money	34.8%	0.0 points
10% above the price	39.3%	+4.5 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, EHC's surface spans 5 expiries out to 200 days, with IV from 25.8 to 86.2 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	20
Lowest IV among them	25.8%
Highest IV among them	86.2%

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, EHC 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	33.7%	1,495	163
20 Nov 2026	53	34.8%	5	1
18 Dec 2026	81	37.4%	223	63
15 Jan 2027	109	31.6%	319	52
16 Apr 2027	200	37.4%	6	2

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, EHC's largest open interest sits at the 130 strike, with 916 contracts across the captured expiries.

Strike	Call open interest	Put open interest	Total
130	916	0	916
125	365	33	398
135	366	0	366
145	174	0	174
120	61	108	169
140	70	0	70

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, EHC's at the money IV moved from 32.1 percent to 33.7 percent.

Figure	25 Sep	28 Sep	Change
At the money IV	32.1%	33.7%	+1.6 points
Open interest, strikes captured near the price	1,287	2,329	+1,042
Put/call ratio, open interest	0.25	0.14	-0.11

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, 873 EHC option contracts traded, 0.5 times its own recent average.

Figure	Value
Calls traded	650
Puts traded	223
Against its recent average	0.5 times
Busier than	7 of its last 13 trading days
Open interest, whole chain	2,735 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 14 trading days of EHC's option positioning, from 1 Sep 2026 to 28 Sep 2026.

Date	Close	Net dollar gamma	Top call strike	Top put strike
1 Sep 2026	122.05	$91,364	125	125
14 Sep 2026	122.53	$527,811	125	125
28 Sep 2026	124.02	$824,240	130	120

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 EHC was neutral, paper trading.

Figure	Value
Side	Neutral at 45 trading days, no signal
Level above the close	124.78, the swing high of 16 Sep 2026
Level below the close	119.70, the swing low of 15 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 EHC sat at the 65th percentile of the model's 45 trading day ranking, paper trading.

Timeframe	Percentile	Side
10 trading days	65 of 100	Neutral
20 trading days	80 of 100	Neutral
45 trading days	65 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 EHC'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 EHC had carried no signal for at least 5 trading days, paper trading.

Trading day	Signal	45 day percentile
25 Sep 2026	None	65 of 100
24 Sep 2026	None	32 of 100
23 Sep 2026	None	45 of 100
22 Sep 2026	None	29 of 100
21 Sep 2026	None	6 of 100
11 Sep 2026	None	22 of 100
10 Sep 2026	None	44 of 100
9 Sep 2026	None	89 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

EHC closed at 124.02 on 28 Sep 2026.

Figure	Value
Last close	124.02
Change over 5 trading days	+2.0%
Change over 21 trading days	+3.7%
Change over 63 trading days	+22.9%
Change over 252 trading days	-1.3%
52 week high	127.99
52 week low	92.77
20 day moving average	122.10
50 day moving average	119.67
200 day moving average	107.90
RSI, 14 days	60

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

EHC reports next on 28 Oct 2026, a date worked out from past quarters.

Figure	Value
Next report	28 Oct 2026, after the close
Date	Worked out from past quarters
Move after the report of 29 Jul 2026	-2.6%
Move after the report of 30 Apr 2026	+7.5%
Move after the report of 28 Jan 2026	-1.2%
Move after the report of 24 Apr 2025	+11.8%

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

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Seasonality

In the 23 Septembers on record, EHC's average change was minus 2.5 percent, and it rose in 43.5 percent of them.

Month	Average change	Middle change	Share of years up	Years
September	-2.5%	-0.4%	43.5%	23
October	-2.1%	-4.1%	34.8%	23
November	+5.1%	+2.1%	69.6%	23

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 EHC 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 EHC's IV rank?: EHC's IV rank is 73 of 100 on 28 Sep 2026.
What move are EHC options pricing?: On 28 Sep 2026, EHC options priced a move of 12.3 percent down and 5.7 percent up by 16 Oct 2026.
Where are EHC's call wall and put wall?: On 28 Sep 2026, EHC's call wall is the 130 strike and its put wall is the 120 strike.
What was the desk's latest view of EHC on the Free plan?: On 25 Sep 2026 the desk's view of EHC was neutral, paper trading.
When does EHC report earnings next?: EHC reports next on 28 Oct 2026, a date worked out from past quarters.

More Health Care names

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Strike	Call open interest	Put open interest	Total
130	916	0	916
125	365	33	398
135	366	0	366
145	174	0	174
120	61	108	169
140	70	0	70

Strike	Call open interest	Put open interest	Total
130	916	0	916
125	365	33	398
135	366	0	366
145	174	0	174
120	61	108	169
140	70	0	70

Strike	Call open interest	Put open interest	Total
130	916	0	916
125	365	33	398
135	366	0	366
145	174	0	174
120	61	108	169
140	70	0	70