Information Technology

EPAM Systems Inc (EPAM) options and signal

Figures as of 28 Sep 2026

EPAM is EPAM Systems 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	85 of 100	28 Sep
At the money IV	52.1%	28 Sep
Priced move to 16 Oct	11.3% down, 11.9% up	28 Sep
Call wall and put wall	120 and 100	28 Sep
Signal and the desk's view	No signal, view bearish	25 Sep
Last close	107.55	28 Sep
Next report	5 Nov 2026	28 Sep

Options Snapshot

EPAM's IV rank is 85 of 100 on 28 Sep 2026.

Figure	Value
IV rank	85 of 100
At the money IV	52.1%, near month, 18 days
Put/call ratio, open interest	1.16
Call open interest, strikes captured near the price	5,550 contracts
Put open interest, strikes captured near the price	6,460 contracts
Cost to trade at the money	Fair, 26.5% of the option's mid price

IV rank is where the at the money IV sits among EPAM'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.

Open Options Snapshot in RingMaster The Options Snapshot guide

Priced Range

On 28 Sep 2026, EPAM options priced a move of 11.3 percent down and 11.9 percent up by 16 Oct 2026.

Expiry	Days	Down	Up	Range
16 Oct 2026	18	11.3%	11.9%	95.35 to 120.35
20 Nov 2026	53	20.6%	22.8%	85.35 to 132.05
18 Dec 2026	81	25.2%	25.4%	80.45 to 134.85
15 Jan 2027	109	28.0%	28.7%	77.45 to 138.45
16 Apr 2027	200	36.8%	40.4%	67.95 to 151.05

The range is one standard deviation either side of the close of 107.55, 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.

Open Priced Range in RingMaster The Priced Range guide

Gamma Map

On 28 Sep 2026, EPAM's call wall is the 120 strike and its put wall is the 100 strike.

Figure	Value
Call wall, most open call gamma	120
Put wall, most open put gamma	100
Net dollar gamma, calls minus puts	$65,504
Total dollar gamma, both sides	$1.72 million
Close	107.55

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.

Open Gamma Map in RingMaster The Gamma Map guide

Volatility History

On 28 Sep 2026, EPAM's at the money IV is 52.1 percent against 20 day realized volatility of 36.4 percent.

Figure	Value
At the money IV	52.1%
Realized volatility, 20 trading days	36.4%
Realized volatility, 60 trading days	55.5%
IV against its own weekly record	High, in the top fifth
Weekly readings on record	689, from 24 May 2013
Weeks the price moved more than the one week priced move	29.0% of 252 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.

Open Volatility History in RingMaster The Volatility History guide

Volatility Weather

On 28 Sep 2026, EPAM's at the money IV runs from 52.1 percent at 18 days to 53.4 percent at 200 days.

Days to expiry	At the money IV
18	52.1%
53	55.1%
81	54.6%
109	53.0%
200	53.4%

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.

Open Volatility Weather in RingMaster The Volatility Weather guide

Volatility Smile

On 28 Sep 2026, at the 53 day expiry, EPAM's IV ten percent below the price sits 1.6 points below at the money IV.

Strike area	Implied volatility	Against at the money
10% below the price	53.5%	-1.6 points
At the money	55.1%	0.0 points
10% above the price	55.6%	+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, EPAM's surface spans 5 expiries out to 200 days, with IV from 49.7 to 57.0 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	49.7%
Highest IV among them	57.0%

From the option chain at the close on 28 Sep 2026. Current on every plan.

Open Volatility Surface in RingMaster The Volatility Surface guide

Expiry Ladder

On 28 Sep 2026, EPAM 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	52.1%	2,334	1,093
20 Nov 2026	53	55.1%	150	36
18 Dec 2026	81	54.6%	1,210	1,679
15 Jan 2027	109	53.0%	1,709	3,419
16 Apr 2027	200	53.4%	144	236

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, EPAM's largest open interest sits at the 120 strike, with 1,576 contracts across the captured expiries.

Strike	Call open interest	Put open interest	Total
120	1,160	416	1,576
70	96	996	1,092
95	235	814	1,049
90	128	819	947
110	375	470	845
100	198	634	832

From the option chain at the close on 28 Sep 2026. Current on every plan.

Open Strike Table in RingMaster The Strike Table guide

Since Yesterday

From 25 Sep 2026 to 28 Sep 2026, EPAM's at the money IV moved from 50.3 percent to 52.1 percent.

Figure	25 Sep	28 Sep	Change
At the money IV	50.3%	52.1%	+1.8 points
Open interest, strikes captured near the price	11,995	12,010	+15
Put/call ratio, open interest	1.16	1.17	+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, 1,180 EPAM option contracts traded, 1.0 times its own recent average.

Figure	Value
Calls traded	788
Puts traded	392
Against its recent average	1.0 times
Busier than	2 of its last 20 trading days
Open interest, whole chain	13,330 contracts
Volume to open interest	0.09
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 EPAM'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	99.90	$173,038	100	95
21 Sep 2026	113.13	$214,218	120	95
28 Sep 2026	107.55	$65,504	120	100

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.

Open Positioning Replay in RingMaster The Positioning Replay guide

Read-out

On 25 Sep 2026 the desk's view of EPAM was bearish, paper trading.

Figure	Value
Side	Bearish at 45 trading days, no signal
Level above the close	111.24, the swing high of 8 Sep 2026, a close past it runs against the view
Level below the close	107.07, the swing low of 26 Aug 2026
The chart	Sits against the view
Strategy family	Bear call spread (sell a call spread above 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.

Open Read-out in RingMaster The Read-out guide

Rank by Timeframe

On 25 Sep 2026 EPAM sat at the 14th percentile of the model's 45 trading day ranking, paper trading.

Timeframe	Percentile	Side
10 trading days	48 of 100	Neutral
20 trading days	57 of 100	Neutral
45 trading days	14 of 100	Bearish

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.

Open Rank by Timeframe in RingMaster The Rank by Timeframe guide

Timeframe Agreement

On 25 Sep 2026, 1 of 3 timeframes put EPAM on the bearish side, paper trading.

Group	Timeframes	Side	On that side
Near	10 day, 20 day	Neutral	0 of 2
Long	45 day	Bearish	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 EPAM had carried no signal for at least 18 trading days, paper trading.

Trading day	Signal	45 day percentile
25 Sep 2026	None	14 of 100
24 Sep 2026	None	22 of 100
23 Sep 2026	None	57 of 100
22 Sep 2026	None	45 of 100
21 Sep 2026	None	44 of 100
18 Sep 2026	None	27 of 100
17 Sep 2026	None	38 of 100
16 Sep 2026	None	85 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

EPAM closed at 107.55 on 28 Sep 2026.

Figure	Value
Last close	107.55
Change over 5 trading days	-4.9%
Change over 21 trading days	-4.6%
Change over 63 trading days	+34.4%
Change over 252 trading days	-28.3%
52 week high	222.53
52 week low	73.06
20 day moving average	115.18
50 day moving average	107.16
200 day moving average	132.57
RSI, 14 days	43

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

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

Figure	Value
Next report	5 Nov 2026, before the open
Date	Worked out from past quarters
Move after the report of 6 Aug 2026	-15.3%
Move after the report of 30 Apr 2026	-1.3%
Move after the report of 28 Jan 2026	-4.3%
Move after the report of 8 May 2025	+12.9%

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

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Short Volume

On 25 Sep 2026, 35.1 percent of EPAM's reported volume at the covered venues was marked short.

Figure	Value
Short sale share, 25 Sep	35.1%
Five day average	50.9%
52 week median	63.5%

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 14 Septembers on record, EPAM's average change was minus 0.2 percent, and it rose in 42.9 percent of them.

Month	Average change	Middle change	Share of years up	Years
September	-0.2%	-1.0%	42.9%	14
October	-0.4%	-3.4%	42.9%	14
November	+8.8%	+8.0%	85.7%	14

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 EPAM's IV rank?: EPAM's IV rank is 85 of 100 on 28 Sep 2026.
What move are EPAM options pricing?: On 28 Sep 2026, EPAM options priced a move of 11.3 percent down and 11.9 percent up by 16 Oct 2026.
Where are EPAM's call wall and put wall?: On 28 Sep 2026, EPAM's call wall is the 120 strike and its put wall is the 100 strike.
What was the desk's latest view of EPAM on the Free plan?: On 25 Sep 2026 the desk's view of EPAM was bearish, paper trading.
When does EPAM report earnings next?: EPAM reports next on 5 Nov 2026, a date worked out from past quarters.

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